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Not Investment Advice

AGESY OTC

Ageas SA/NV
1W: -2.7% 1M: -5.5% 3M: +2.6% YTD: +15.8% 1Y: +21.8% 3Y: +140.9% 5Y: +140.5%
$83.00
+0.52 (+0.63%)
 
Weekly Expected Move ±2.7%
$79 $81 $83 $85 $87
OTC · Financial Services · Insurance - Diversified · Tech Score Sell · Power 46 · $17.1B mcap · 179M float · 0.0027% daily turnover · Short 57% of daily vol

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
Analyst Recommendations
Strong Buy: 0Buy: 1Hold: 0Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$—
Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-
Oct 02, 2026
DCF
3
ROE
5
ROA
5
D/E
2
P/E
4
P/B
2
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. AGESY receives an overall rating of A-. Strongest factors: ROE (5/5), ROA (5/5), P/E (4/5). Areas of concern: D/E (2/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-01 B+ A-
2026-09-10 C- B+
2026-09-09 B+ C-
2026-08-17 A- B+
2026-07-27 B+ A-
2026-07-16 A- B+
2026-07-02 C- A-
2026-04-23 D+ C-
2026-04-21 B+ D+
2026-04-01 B- B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A
Profitability
67
Balance Sheet
61
Earnings Quality
97
Growth
72
Value
—
Momentum
96
Safety
—
Cash Flow
85

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score
4.37
Safe Zone
Piotroski F-Score
5/9
✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓
Beneish M-Score
-3.19
Unlikely Manipulator
Ohlson O-Score
-6.28
Bankruptcy prob: 0.2%
Low Risk
Credit Rating
A
Score: 72.8/100
Trend: Deteriorating
Earnings Quality
100/100
OCF/NI: 2.02x
Accruals: -1.5%
The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. AGESY scores 4.37, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. AGESY scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. AGESY's score of -3.19 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. AGESY's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. AGESY receives an estimated rating of A (score: 72.8/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). AGESY's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
7.55x
PEG
0.14x
P/S
1.42x
P/B
1.42x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$94.69
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 7.5x earnings, AGESY trades at a deep value multiple. Graham's intrinsic value formula yields $94.69 per share, suggesting a potential 14% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.795
NI / EBT
×
Interest Burden
2.143
EBT / EBIT
×
EBIT Margin
0.089
EBIT / Rev
×
Asset Turnover
0.096
Rev / Assets
×
Equity Multiplier
11.588
Assets / Equity
=
ROE
16.9%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. AGESY's ROE of 16.9% is driven by financial leverage (equity multiplier: 11.59x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
12.02%
Fair P/E
32.54x
Intrinsic Value
$250.72
Price/Value
—
Margin of Safety
—
Premium
—
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with AGESY's realized 12.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. AGESY trades at a premium to its adjusted intrinsic value of $250.72, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 32.5x compares to the current market P/E of 7.5x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$83.00
Median 1Y
$89.73
5th Pctile
$53.92
95th Pctile
$149.94
Ann. Volatility
30.8%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
ROE 8.8% 6.6% 6.3% 7.2% 7.2% 9.8% 10.2% 10.7% 11.0% 12.0% 13.8% 13.2% 13.7% 14.4% 14.4% 14.7% 14.5% 14.8% 14.9% 16.9% 16.95%
ROA 0.9% 0.7% 0.7% 0.8% 0.8% 0.9% 0.9% 1.0% 1.0% 1.0% 1.1% 1.0% 1.0% 1.1% 1.1% 1.1% 1.2% 1.2% 1.3% 1.5% 1.46%
ROIC 5.2% -1.4% 3.0% -2.1% 5.7% 1.5% -4.1% 2.1% -5.9% -2.9% 12.6% -4.6% 40.2% 56.2% 59.9% -15.0% 57.5% -15.0% 48.6% -19.3% -19.34%
ROCE 21.2% 20.4% 20.6% 22.6% 22.6% 15.9% 14.3% 13.1% 13.0% 18.2% 16.1% 12.8% 13.0% 14.3% 12.4% 9.5% 5.5% 1.6% 1.1% 2.1% 2.14%
Gross Margin 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.00%
Operating Margin 13.7% 4.7% 8.2% 12.6% 22.0% -1.3% 13.0% 8.6% 24.5% 24.5% -0.5% 97.3% 1.0% 1.0% 97.6% 97.6% 1.0% 1.0% 1.0% 1.0% 1.00%
Net Margin 10.0% 3.7% 5.6% 8.2% 15.0% 21.6% 6.8% 8.5% 12.6% 12.6% 12.8% 12.8% 14.9% 14.9% 11.3% 11.3% 15.3% 15.3% 15.0% 15.0% 15.02%
EBITDA Margin -1.5% 0.9% -0.9% -3.1% -3.0% 1.6% -3.7% 1.0% -8.8% -8.8% 97.3% 2.0% 97.7% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
FCF Margin -5.4% -9.7% -13.8% -12.9% -13.1% -10.9% -10.5% -6.8% -4.2% -4.8% -1.0% -0.3% 3.6% 7.4% 8.5% 9.4% 13.9% 18.3% 23.6% 28.2% 28.18%
OCF Margin -3.3% -7.1% -10.9% -10.4% -10.8% -9.2% -9.2% -6.0% -3.6% -4.0% 0.0% 1.6% 5.7% 9.7% 11.0% 12.3% 16.8% 21.2% 26.3% 30.6% 30.64%
ROE 3Y Avg snapshot only 14.05%
ROE 5Y Avg snapshot only 12.75%
ROA 3Y Avg snapshot only 1.17%
ROIC Economic snapshot only 50.38%
Cash ROA snapshot only 2.80%
NOPAT Margin snapshot only 86.33%
Pretax Margin snapshot only 19.08%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 0.00%
SBC / Revenue snapshot only 0.07%
Valuation
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 7.546
P/S Ratio — — — — — — — — — — — — — — — — — — — — 1.417
P/B Ratio — — — — — — — — — — — — — — — — — — — — 1.418
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.137
Graham Number snapshot only $94.69
Leverage & Solvency
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Current Ratio 0.53 7.47 0.57 79.10 0.55 6.14 0.52 59.85 — — 3.56 113.03 -0.88 0.88 — — — — — 0.91 0.914
Quick Ratio 0.53 7.47 0.57 79.10 0.55 6.14 0.52 59.85 — — 3.56 113.03 -0.88 0.88 — — — — — 0.91 0.914
Debt/Equity 0.55 0.41 0.58 0.40 0.59 0.50 0.88 0.64 0.49 0.63 0.44 0.62 0.47 0.47 0.43 0.61 0.51 0.65 0.58 0.70 0.703
Net Debt/Equity 0.38 -4.74 0.39 -4.40 0.40 -4.99 0.66 -5.40 0.28 -7.31 0.19 -7.30 0.17 0.17 0.43 -6.99 0.51 -6.84 0.58 -5.38 -5.384
Debt/Assets 0.06 0.04 0.06 0.04 0.06 0.04 0.07 0.04 0.04 0.05 0.03 0.05 0.04 0.04 0.03 0.05 0.04 0.05 0.05 0.07 0.065
Debt/EBITDA 37.59 27.24 26.85 -32.02 -41.36 2.31 3.54 2.15 1.82 -11.09 2.59 1.03 0.53 0.32 0.35 0.75 0.97 — — — —
Net Debt/EBITDA 26.18 -313.18 17.95 354.94 -28.56 -22.80 2.66 -18.27 1.03 128.74 1.12 -12.14 0.19 0.12 0.35 -8.51 0.97 — — — —
Interest Coverage — — — — — — 350.73 153.03 150.53 211.43 328.31 — — — 201.63 77.17 31.18 6.99 7.38 8.20 8.202
Equity Multiplier 9.44 9.69 9.62 9.33 9.73 11.38 13.05 14.38 13.70 13.70 13.03 13.03 12.84 12.84 12.70 12.70 12.32 12.32 10.74 10.74 10.744
Cash Ratio snapshot only 0.914
Debt Service Coverage snapshot only 0.000
Cash to Debt snapshot only 8.659
FCF to Debt snapshot only 0.394
Efficiency & Turnover
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Asset Turnover 0.12 0.11 0.11 0.11 0.10 0.09 0.08 0.08 0.09 0.10 0.10 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.10 0.096
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover — — — 49.48 — — — 18.72 — — — 33.31 — — — 7.96 — — — 9.39 9.395
Payables Turnover — — — 0.00 — — — 0.00 — — — 0.00 — — — 0.00 — — — 0.00 —
DSO 0 0 0 7 0 0 0 19 0 0 0 11 0 0 0 46 0 0 0 39 38.9 days
DIO — — — — — — — — — — — — — — — — — — — — —
DPO — — — — — — — — — — — — — — — — — — — — —
Cash Conversion Cycle — — — — — — — — — — — — — — — — — — — — —
Fixed Asset Turnover snapshot only 3.233
Cash Velocity snapshot only 0.161
Capital Intensity snapshot only 10.937
Growth (YoY)
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Revenue 53.3% 2.4% 4.7% 2.8% -14.9% -23.8% -29.2% -27.5% -17.2% 5.1% 9.7% -14.9% -17.2% -23.1% -14.9% 13.0% 13.0% 13.0% 15.6% 18.0% 18.00%
Net Income 19.5% -35.0% -34.7% -25.9% -16.7% 32.3% 37.2% 19.6% 22.3% -2.3% 6.9% -5.7% 0.4% 8.7% 4.0% 17.3% 12.6% 8.4% 22.6% 36.2% 36.23%
EPS 19.9% -34.1% -34.7% -25.3% -15.8% 34.5% 40.6% 20.8% 23.2% -1.9% 6.8% -5.4% 0.3% 8.6% 4.4% 17.7% 11.7% 7.5% 13.7% 26.2% 26.24%
FCF -2.4% -4.0% -7.0% -6.4% -1.1% 14.2% 46.2% 61.7% 73.2% 53.2% 89.2% 96.3% 1.7% 2.2% 8.0% 37.5% 3.4% 1.8% 2.2% 2.5% 2.53%
EBITDA 2.2% 2.4% 3.1% -3.8% -1.9% 10.4% 6.7% 15.0% 13.3% -1.2% -33.7% 1.2% 2.5% 28.3% 6.5% 42.7% -36.9% -1.0% -1.0% -1.0% -1.00%
Op. Income -10.8% -48.1% -55.0% -8.5% 14.3% -1.9% -2.0% -1.7% -1.6% 3.3% 3.0% 4.3% 7.4% 2.7% 5.0% 2.2% 98.0% 43.9% 16.4% 19.4% 19.39%
OCF Growth snapshot only 1.94%
Asset Growth snapshot only 11.56%
Equity Growth snapshot only 31.88%
Debt Growth snapshot only 51.34%
Shares Change snapshot only 7.91%
Dividend Growth snapshot only 30.12%
Growth (CAGR)
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Revenue 3Y 11.7% 9.9% 9.3% 13.4% 4.3% -1.1% -5.4% -6.8% 2.6% -6.4% -6.7% -14.1% -16.5% -14.9% -12.9% -11.3% -8.2% -3.0% 2.6% 4.3% 4.33%
Revenue 5Y 1.2% -0.7% -2.0% -1.9% -3.5% -1.2% -2.5% -1.3% -0.4% 1.2% 0.3% -2.1% -4.9% -4.8% -4.6% -4.9% 0.2% -6.5% -4.4% -3.3% -3.27%
EPS 3Y 21.2% 10.7% 1.1% 13.2% 11.7% 19.3% 15.1% 18.8% 7.5% -4.5% -0.7% -5.1% 1.3% 12.8% 16.2% 10.4% 11.4% 4.6% 8.2% 12.0% 12.02%
EPS 5Y — 29.2% 22.1% 1.0% 3.3% 40.1% 62.5% 19.7% 13.1% 12.4% 9.2% 10.6% 11.5% 12.6% 11.2% 13.3% 6.9% 0.3% 3.1% 4.9% 4.88%
Net Income 3Y 18.8% 8.8% -0.5% 11.1% 9.9% 17.4% 13.2% 17.4% 6.8% -5.6% -1.4% -5.8% 0.8% 12.0% 15.1% 9.8% 11.4% 4.8% 10.9% 14.6% 14.65%
Net Income 5Y — 26.5% 19.9% 99.0% 1.3% 37.4% 59.3% 17.6% 11.3% 10.8% 7.6% 9.1% 10.2% 11.4% 10.0% 12.4% 6.6% -0.2% 4.1% 5.9% 5.95%
EBITDA 3Y — — — — — — — — — — — 3.4% 2.4% 3.0% 2.4% — — — — — —
EBITDA 5Y -32.2% -35.0% -31.0% — — 21.4% 62.0% — — — — — — — — — — — — — —
Gross Profit 3Y 11.7% 9.9% 9.3% 13.4% 4.3% -1.1% -5.4% -6.8% 2.6% -6.4% -6.7% -14.1% -16.5% -14.9% -12.9% -11.3% -8.2% -3.0% 2.6% 4.3% 4.33%
Gross Profit 5Y 3.4% 1.4% -0.1% -0.1% -2.2% -0.1% -2.0% -1.3% -0.4% 1.2% 0.3% -2.1% -4.9% -4.8% -4.6% -4.9% 0.2% -6.5% -4.4% -3.3% -3.27%
Op. Income 3Y -1.9% -10.1% -19.8% 5.8% 6.2% — — — — 1.2% -3.5% 25.9% 59.7% 94.2% 1.3% 91.0% 91.7% — — — —
Op. Income 5Y 27.7% 5.5% -1.3% 22.7% 1.5% — — — — 7.7% 0.6% 20.9% 33.6% 42.6% 50.3% 56.8% 48.4% 40.4% 44.2% 50.0% 50.04%
FCF 3Y — — — — — — — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — 10.1% -1.6% 5.1% 18.5% 32.0% 51.2% — —
OCF 3Y — — — — — — — — — — — 90.3% — — — — — — — — —
OCF 5Y — — — — — — — — — — — — 44.6% 9.6% 0.7% 6.5% 16.7% 26.4% 39.3% 1.8% 1.80%
Assets 3Y 2.3% 2.4% 2.7% 3.0% 2.0% -1.5% -2.4% -2.9% -2.2% -2.9% -3.9% -4.6% -4.4% -4.4% -3.9% -4.0% -2.7% -1.0% 2.7% 3.1% 3.07%
Assets 5Y 0.9% 1.2% 1.0% 1.3% 0.8% -0.2% -0.4% -0.6% -0.9% -0.8% -1.1% -1.0% -1.0% -2.1% -2.0% -2.1% -1.2% -1.7% 0.2% -0.3% -0.29%
Equity 3Y 5.9% 7.1% 7.2% 8.2% 5.6% -4.1% -11.5% -14.7% -12.4% -14.2% -12.9% -13.7% -13.7% -12.9% -12.4% -13.3% -10.0% -3.6% 9.6% 13.6% 13.59%
Book Value 3Y 8.0% 8.9% 8.9% 10.2% 7.4% -2.6% -10.1% -13.6% -11.8% -13.2% -12.3% -13.1% -13.2% -12.4% -11.6% -12.9% -10.1% -3.8% 6.9% 11.0% 10.99%
Dividend 3Y 5.3% 6.1% 6.9% 5.8% 4.3% -6.6% -7.6% -19.7% -18.6% 3.6% 4.5% 31.5% 30.7% 15.1% 14.1% 3.2% 2.4% 2.1% 4.8% 9.4% 9.41%
Growth Quality
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Revenue Stability 0.00 0.00 0.03 0.00 0.04 0.04 0.00 0.01 0.05 0.00 0.02 0.04 0.25 0.26 0.37 0.54 0.08 0.77 0.50 0.26 0.256
Earnings Stability 0.63 0.69 0.58 0.77 0.36 0.63 0.55 0.66 0.75 0.39 0.37 0.41 0.65 0.25 0.38 0.33 0.64 0.09 0.41 0.37 0.370
Margin Stability 0.95 0.96 0.96 0.96 0.97 0.97 0.99 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Rev. Growth Consistency 0.50 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.000
Earn. Growth Consistency 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 1.00 0.00 1.00 0.50 1.00 0.50 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0
Earnings Persistence 0.92 0.86 0.86 0.90 0.93 0.87 0.85 0.92 0.91 0.99 0.97 0.98 1.00 0.97 0.98 0.93 0.95 0.97 0.91 0.86 0.855
Earnings Smoothness 0.82 0.58 0.58 0.70 0.82 0.72 0.69 0.82 0.80 0.98 0.93 0.94 1.00 0.92 0.96 0.84 0.88 0.92 0.80 0.69 0.693
ROE Trend 0.01 -0.01 -0.02 -0.01 -0.01 0.03 0.05 0.06 0.06 0.05 0.05 0.02 0.03 0.02 0.01 0.01 0.00 0.00 -0.01 0.01 0.013
Gross Margin Trend 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
FCF Margin Trend -0.08 -0.13 -0.19 -0.15 -0.13 -0.08 -0.05 0.01 0.05 0.05 0.11 0.10 0.12 0.15 0.14 0.13 0.14 0.17 0.20 0.24 0.236
Sustainable Growth Rate 4.8% 2.5% 2.0% 3.1% 2.9% 6.2% 6.4% 8.1% 8.2% 7.2% 8.5% 5.7% 6.0% 6.5% 6.7% 7.0% 6.8% 6.7% 6.8% 7.8% 7.82%
Internal Growth Rate 0.5% 0.3% 0.2% 0.3% 0.3% 0.6% 0.6% 0.7% 0.7% 0.6% 0.7% 0.4% 0.5% 0.5% 0.5% 0.6% 0.5% 0.5% 0.6% 0.7% 0.68%
Cash Flow Quality
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
OCF/Net Income -0.44 -1.16 -1.86 -1.49 -1.46 -0.86 -0.81 -0.52 -0.32 -0.40 0.00 0.13 0.43 0.69 0.82 0.93 1.26 1.58 1.83 2.02 2.020
FCF/OCF 1.63 1.36 1.27 1.24 1.21 1.19 1.14 1.14 1.19 1.22 — -0.18 0.63 0.76 0.77 0.77 0.83 0.86 0.90 0.92 0.920
FCF/Net Income snapshot only 1.858
CapEx/Revenue 2.1% 2.6% 2.9% 2.5% 2.3% 1.7% 1.3% 0.8% 0.7% 0.9% 1.0% 1.9% 2.1% 2.3% 2.6% 2.9% 2.9% 2.9% 2.7% 2.5% 2.46%
Accruals Ratio 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 -0.00 -0.01 -0.01 -0.01 -0.015
Sloan Accruals snapshot only -0.076
Cash Flow Adequacy snapshot only 2.884
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 5.11%
Dividend/Share $2.41 $2.49 $2.58 $2.60 $2.62 $1.97 $1.98 $1.32 $1.39 $2.13 $2.20 $2.94 $3.06 $3.18 $3.19 $3.19 $3.26 $3.38 $3.66 $4.15 $3.75
Payout Ratio 45.7% 61.8% 67.8% 57.4% 59.1% 36.3% 37.1% 24.0% 25.5% 40.0% 38.6% 56.7% 55.8% 55.0% 53.6% 52.2% 53.3% 54.3% 54.0% 53.8% 53.84%
FCF Payout Ratio — — — — — — — — — — — — 2.1% 1.0% 85.6% 72.8% 50.9% 39.7% 32.8% 29.0% 28.98%
Total Payout Ratio 62.3% 82.0% 87.8% 71.8% 71.4% 42.8% 41.6% 26.9% 27.4% 42.4% 39.5% 57.0% 55.9% 55.5% 56.5% 58.9% 64.5% 69.9% 64.7% 60.7% 60.74%
Div. Increase Streak 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.80 0.83 0.97 1.10 0.94 0.97 0.85 0.85 0.81 0.73 0.75 0.67 0.69 0.70 0.71 0.71 0.71 0.72 0.76 0.79 0.795
Interest Burden (EBT/EBIT) 0.06 0.04 0.04 0.03 0.04 0.07 0.09 0.09 0.10 0.07 0.09 0.12 0.11 0.11 0.13 0.17 0.29 1.00 1.41 2.14 2.143
EBIT Margin 1.67 1.69 1.73 2.05 2.04 1.60 1.55 1.48 1.40 1.82 1.63 1.63 1.70 1.76 1.51 1.10 0.64 0.19 0.13 0.09 0.089
Asset Turnover 0.12 0.11 0.11 0.11 0.10 0.09 0.08 0.08 0.09 0.10 0.10 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.10 0.096
Equity Multiplier 9.63 9.58 9.65 9.48 9.58 10.43 11.00 11.19 11.30 12.41 13.04 13.68 13.26 13.26 12.86 12.86 12.57 12.57 11.59 11.59 11.588
Per Share
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $5.27 $4.03 $3.80 $4.54 $4.43 $5.43 $5.34 $5.48 $5.46 $5.32 $5.70 $5.18 $5.48 $5.78 $5.96 $6.10 $6.12 $6.22 $6.77 $7.71 $7.71
Book Value/Share $62.70 $60.89 $61.25 $63.96 $59.86 $48.88 $42.31 $37.83 $39.31 $39.31 $40.37 $40.37 $40.97 $40.97 $42.32 $42.32 $43.55 $43.55 $51.72 $51.72 $58.20
Tangible Book/Share $56.08 $53.97 $54.30 $56.86 $52.83 $41.84 $33.47 $30.15 $31.44 $31.44 $32.32 $32.32 $32.42 $32.42 $33.44 $33.44 $34.52 $34.52 $29.62 $29.62 $29.62
Revenue/Share $69.47 $65.90 $64.81 $65.47 $59.68 $51.07 $47.03 $47.97 $49.77 $53.92 $51.56 $40.95 $41.16 $41.41 $44.03 $46.46 $46.15 $46.42 $47.18 $50.81 $53.88
FCF/Share $-3.76 $-6.37 $-8.96 $-8.42 $-7.83 $-5.56 $-4.94 $-3.26 $-2.11 $-2.61 $-0.53 $-0.12 $1.47 $3.06 $3.73 $4.38 $6.41 $8.50 $11.15 $14.32 $16.09
OCF/Share $-2.30 $-4.69 $-7.06 $-6.78 $-6.46 $-4.67 $-4.34 $-2.86 $-1.77 $-2.14 $0.00 $0.67 $2.34 $4.00 $4.86 $5.70 $7.74 $9.85 $12.40 $15.57 $17.44
Cash/Share $10.43 $314.04 $11.87 $307.01 $10.86 $268.53 $9.28 $228.55 $8.23 $312.12 $10.20 $319.72 $12.15 $12.15 $0.00 $321.87 $0.00 $326.21 $0.00 $314.83 $314.83
EBITDA/Share $0.91 $0.92 $1.33 $-0.79 $-0.85 $10.70 $10.46 $11.19 $10.51 $-2.23 $6.94 $24.28 $36.72 $60.90 $52.39 $34.77 $22.98 $0.00 $0.00 $0.00 $0.00
Debt/Share $34.35 $25.13 $35.80 $25.40 $35.09 $24.67 $37.07 $24.10 $19.10 $24.75 $17.95 $24.94 $19.29 $19.29 $18.38 $25.93 $22.35 $28.30 $30.12 $36.36 $36.36
Net Debt/Share $23.92 $-288.91 $23.93 $-281.61 $24.23 $-243.87 $27.79 $-204.45 $10.86 $-287.37 $7.75 $-294.78 $7.14 $7.14 $18.38 $-295.94 $22.35 $-297.91 $30.12 $-278.47 $-278.47
Academic Models
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Altman-I Score — — — — — — — — — — — — — — — — — — — — 4.374
Piotroski F-Score 4 3 3 4 3 3 3 3 4 3 5 4 3 4 4 5 5 5 5 5 5
Beneish M-Score -1.79 -2.57 -2.46 -2.37 -2.87 -3.08 -2.76 -2.43 -2.12 -1.83 -2.49 -3.86 -2.44 -1.89 -2.20 -1.57 -2.46 -2.47 -2.02 -3.19 -3.188
Ohlson O-Score snapshot only -6.280
Net-Net WC snapshot only $-182.65
Credit
Metric Trend Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q1'26 Q2'26 Current
Credit Rating snapshot only A
Credit Score 38.92 65.48 38.69 76.99 47.89 58.96 41.31 72.83 50.50 70.33 65.62 78.53 52.64 58.67 65.94 78.48 66.07 70.31 56.15 72.83 72.830
Credit Grade snapshot only 6
Credit Trend snapshot only -5.653
Implied Spread (bps) snapshot only 150.000
Industry Credit Rank snapshot only 42
Sector Credit Rank snapshot only 73

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