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Not Investment Advice

ALSPW.PA PAR

Spineway S.A.
1W: -5.9% 1M: -18.3% 3M: -18.4% YTD: -42.1% 1Y: -19.9% 3Y: -99.9% 5Y: -100.0%
€0.10 ($0.11)
-0.01 (-7.78%)
 
Weekly Expected Move ±7.3%
€0 €0 €0 €0 €0
PAR · Healthcare · Medical - Specialties · Tech Score Sell · Power 42 · €3.6M mcap · 36M float · 0.332% daily turnover

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.

D+
Oct 02, 2026
DCF
1
ROE
1
ROA
1
D/E
1
P/E
1
P/B
1
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. ALSPW.PA receives an overall rating of D+. Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-08-03 C+ D+
2026-05-08 D+ C+
2026-04-07 None ADDED
2026-04-07 EXISTED None
2026-02-19 C D+
2026-02-09 C+ C

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.

★ ★ ★ ★ ★ 33 Grade D
Profitability
5
Balance Sheet
72
Earnings Quality
42
Growth
75
Value
42
Momentum
70
Safety
30
Cash Flow
30
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. ALSPW.PA scores highest in Growth (75/100) and lowest in Profitability (5/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

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

Altman Z-Score
1.38
Distress Zone
Piotroski F-Score
7/9
✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Beneish M-Score
-40.90
Unlikely Manipulator
Ohlson O-Score
-6.91
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BB-
Score: 36.1/100
Trend: Deteriorating
Earnings Quality
—
OCF/NI: 0.08x
Accruals: -13.5%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. ALSPW.PA scores 1.38, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. 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. ALSPW.PA scores 7/9, signaling strong financial health across all three dimensions. 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. ALSPW.PA's score of -40.90 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. ALSPW.PA's implied 0.1% 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. ALSPW.PA receives an estimated rating of BB- (score: 36.1/100), with a deteriorating trend.

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
-1.53x
PEG
-0.03x
P/S
0.29x
P/B
0.16x
P/FCF
-18.91x
P/OCF
—
EV/EBITDA
5.10x
EV/Revenue
0.11x
EV/EBIT
-3.72x
EV/FCF
-10.64x
Earnings Yield
-94.40%
FCF Yield
-5.29%
Shareholder Yield
0.00%
Graham Number
—
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. ALSPW.PA currently has negative earnings — the P/E ratio is not meaningful.

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
0.856
NI / EBT
×
Interest Burden
7.293
EBT / EBIT
×
EBIT Margin
-0.029
EBIT / Rev
×
Asset Turnover
0.814
Rev / Assets
×
Equity Multiplier
1.301
Assets / Equity
=
ROE
-19.1%
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. ALSPW.PA's ROE of -19.1% is driven by Asset Turnover (0.814), indicating efficient use of assets to generate revenue.

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
0.00%
Fair P/E
8.50x
Intrinsic Value
—
Price/Value
—
Margin of Safety
—
Premium
—

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
$0.10
Median 1Y
$0.00
5th Pctile
$0.00
95th Pctile
$0.03
Ann. Volatility
193.5%
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 Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
ROE -1.5% -1.0% -1.5% -3.8% -4.5% -3.2% -1.7% -4.6% -3.1% -1.4% -1.1% -31.3% -29.5% -28.9% -48.3% -56.9% -44.8% -44.4% -29.0% -19.1% -19.13%
ROA -42.3% -29.9% -38.7% -55.9% -60.3% -79.6% -61.7% -1.6% -1.5% -90.3% -81.8% -21.5% -22.2% -21.9% -37.2% -42.8% -35.7% -33.6% -21.9% -14.7% -14.71%
ROIC -81.8% -30.6% -50.6% -57.1% -74.1% -90.1% -46.6% -47.5% -26.3% -13.7% -23.1% -17.7% -18.9% -18.4% -28.8% -24.7% -15.9% -17.1% -8.7% -13.4% -13.44%
ROCE -72.6% -66.7% -66.0% -2.6% -2.1% -2.0% -90.2% -81.9% -40.6% -16.2% -15.2% -12.8% -21.0% -24.6% -37.3% -35.5% -10.5% -11.0% -1.5% -2.7% -2.72%
Gross Margin 14.7% 45.1% 27.3% 30.9% 23.1% 18.6% -1.4% -1.1% -33.0% -27.6% -38.5% -29.9% -51.4% -24.6% 5.6% -12.8% 77.5% 32.6% 20.9% 17.0% 17.00%
Operating Margin -58.6% 11.2% -45.8% -45.2% -67.9% -57.5% 17.7% -80.7% -19.5% -26.0% -29.9% -25.8% -52.8% -16.4% -61.1% -5.7% 3.5% -20.9% -14.0% -28.8% -28.75%
Net Margin -72.3% 10.5% -47.9% -53.7% -66.1% -58.7% -52.9% -8.4% -1.1% -32.7% -40.2% -25.8% -54.0% -34.8% -86.6% -51.7% -8.8% -24.7% -12.3% -26.9% -26.92%
EBITDA Margin -50.0% 18.5% -37.1% -16.4% -77.6% -42.6% -34.9% -69.4% -26.7% -11.8% -31.8% -22.8% -47.5% -28.5% -43.0% -13.1% 57.2% -15.0% -7.4% -21.7% -21.71%
FCF Margin -16.0% -17.7% -19.8% -28.9% -38.6% -57.0% -62.9% -56.7% -42.9% -29.8% -44.1% -10.8% -1.4% -1.2% -1.2% -1.2% -47.3% -29.1% -11.2% -1.0% -1.01%
OCF Margin -2.8% -7.4% -7.6% -17.2% -26.3% -33.2% -37.9% -25.3% -18.4% -12.1% -28.7% 9.0% -29.1% -34.2% -40.9% -64.0% -40.1% -26.7% -11.7% -1.5% -1.50%
ROE 3Y Avg snapshot only -32.10%
ROE 5Y Avg snapshot only -3.92%
ROA 3Y Avg snapshot only -24.35%
ROIC 3Y Avg snapshot only -25.98%
ROIC Economic snapshot only -11.76%
Cash ROA snapshot only -1.20%
Cash ROIC snapshot only -1.67%
CROIC snapshot only -1.13%
NOPAT Margin snapshot only -12.03%
Pretax Margin snapshot only -21.10%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 39.98%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
P/E Ratio — — — — — — -0.08 -0.22 -1.60 -1.16 -0.75 -1.14 -0.09 -0.14 -0.05 -13.66 -2.19 -0.42 -0.89 -1.06 -1.534
P/S Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.37 3.19 2.43 1.53 0.55 0.04 0.05 0.03 7.73 1.00 0.18 0.22 0.19 0.292
P/B Ratio — — — — — — 0.09 0.52 2.71 0.89 0.56 0.24 0.02 0.04 0.03 7.79 0.94 0.17 0.23 0.20 0.157
P/FCF -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.08 -0.66 -7.44 -8.17 -3.46 -5.06 -0.03 -0.04 -0.02 -6.29 -2.12 -0.62 -1.98 -18.91 -18.907
P/OCF — — — — — — — — — — — 6.08 — — — — — — — — —
EV/EBITDA -1.06 -6.10 -1.94 -2.67 -1.25 -0.62 -0.51 -0.75 -7.17 -2.74 -0.08 2.57 0.97 -0.05 -0.20 -24.79 -12.53 -1.84 3.88 5.10 5.097
EV/Revenue 0.25 0.31 0.21 0.33 0.25 0.27 0.22 0.42 2.96 0.92 0.03 -0.61 -0.31 0.02 0.07 7.74 0.88 0.07 0.14 0.11 0.108
EV/EBIT -0.63 -1.72 -0.96 -1.28 -0.85 -0.49 -0.39 -0.64 -5.33 -1.94 -0.06 1.96 0.75 -0.05 -0.16 -20.20 -7.27 -0.62 -9.24 -3.72 -3.722
EV/FCF -1.54 -1.73 -1.06 -1.13 -0.64 -0.47 -0.35 -0.74 -6.90 -3.09 -0.06 5.64 0.22 -0.01 -0.06 -6.30 -1.86 -0.25 -1.26 -10.64 -10.643
Earnings Yield — — — — — — -12.0% -4.6% -62.5% -85.9% -1.3% -87.4% -10.6% -7.3% -19.8% -7.3% -45.6% -2.4% -1.1% -94.4% -94.40%
FCF Yield — — — — — — -13.0% -1.5% -13.4% -12.2% -28.9% -19.8% -37.5% -22.9% -43.9% -15.9% -47.3% -1.6% -50.6% -5.3% -5.29%
Price/Tangible Book snapshot only 0.333
EV/Gross Profit snapshot only 0.301
Shareholder Yield snapshot only 0.00%
Leverage & Solvency
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Current Ratio 2.23 1.47 1.65 1.01 1.14 1.18 1.30 1.29 2.63 5.19 5.48 3.48 2.52 1.97 1.92 2.34 3.28 2.34 2.88 2.88 2.884
Quick Ratio 1.27 0.85 1.01 0.44 0.49 0.64 0.81 0.82 1.98 4.56 4.76 3.03 1.70 1.23 1.09 1.29 2.17 1.50 1.80 1.80 1.799
Debt/Equity 3.17 2.49 3.08 17.94 4.48 1.82 0.71 0.53 0.29 0.13 0.11 0.21 0.07 0.15 0.14 0.09 0.07 0.07 0.07 0.07 0.066
Net Debt/Equity 2.05 2.26 1.73 17.77 4.33 1.31 0.31 0.07 -0.20 -0.56 -0.55 -0.50 -0.18 -0.03 0.04 0.01 -0.11 -0.10 -0.09 -0.09 -0.085
Debt/Assets 0.44 0.53 0.55 0.61 0.57 0.52 0.36 0.29 0.20 0.11 0.09 0.15 0.05 0.11 0.10 0.07 0.06 0.05 0.05 0.05 0.052
Debt/EBITDA -1.64 -6.72 -3.45 -2.70 -1.29 -0.86 -0.89 -0.67 -0.82 -1.07 -0.96 -1.99 -0.38 -0.60 -0.39 -0.28 -1.14 -1.70 1.72 3.07 3.068
Net Debt/EBITDA -1.06 -6.10 -1.94 -2.67 -1.25 -0.62 -0.39 -0.09 0.56 4.50 4.60 4.88 1.09 0.11 -0.12 -0.04 1.69 2.72 -2.22 -3.96 -3.958
Interest Coverage — — — — — — -63.42 -0.61 -0.39 -0.30 -0.28 -1.92 -67.66 -56.31 -7.53 -2.65 -0.79 -0.74 -0.14 -1.07 -1.066
Equity Multiplier 7.27 4.74 5.59 29.48 7.86 3.52 1.97 1.84 1.47 1.25 1.22 1.34 1.26 1.39 1.38 1.33 1.25 1.27 1.28 1.28 1.278
Cash Ratio snapshot only 0.789
Debt Service Coverage snapshot only 0.778
Cash to Debt snapshot only 2.290
FCF to Debt snapshot only -0.156
Defensive Interval snapshot only 321.8 days
Efficiency & Turnover
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Asset Turnover 1.04 1.50 1.56 1.88 1.95 1.41 1.06 0.92 0.77 0.43 0.40 0.45 0.55 0.56 0.70 0.76 0.78 0.78 0.87 0.81 0.814
Inventory Turnover 2.66 3.39 3.58 3.41 3.17 3.03 3.31 3.22 3.80 3.86 4.52 4.86 5.49 6.16 6.57 6.39 4.71 3.78 3.85 2.98 2.982
Receivables Turnover 3.73 4.45 5.87 7.09 8.41 5.71 8.38 9.12 6.15 5.20 5.92 7.50 7.91 7.15 8.29 7.67 9.02 7.96 8.52 7.21 7.215
Payables Turnover 4.24 6.26 6.12 5.95 5.97 6.59 6.51 6.57 9.20 7.92 9.53 11.26 9.65 10.98 15.91 18.57 11.59 8.03 10.15 8.89 8.888
DSO 98 82 62 51 43 64 44 40 59 70 62 49 46 51 44 48 40 46 43 51 50.6 days
DIO 137 108 102 107 115 120 110 113 96 95 81 75 66 59 56 57 77 97 95 122 122.4 days
DPO 86 58 60 61 61 55 56 56 40 46 38 32 38 33 23 20 31 45 36 41 41.1 days
Cash Conversion Cycle 149 131 104 97 97 129 98 98 116 119 104 91 75 77 77 85 86 97 102 132 131.9 days
Fixed Asset Turnover snapshot only 8.710
Operating Cycle snapshot only 145.3 days
Cash Velocity snapshot only 6.736
Capital Intensity snapshot only 1.250
Growth (YoY)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue -9.1% 22.9% 34.5% 41.8% 52.9% -8.5% -17.9% -36.6% -48.4% -41.2% -36.4% -5.4% 37.6% 99.4% 1.4% 1.3% 93.8% 50.7% 34.0% 9.0% 9.03%
Net Income -1.5% -20.8% -9.0% -23.8% -16.3% -1.6% -91.5% -2.7% -2.3% -1.2% -1.2% 73.8% 72.2% 62.5% 38.5% -1.7% -1.2% -65.0% 36.8% 65.2% 65.18%
EPS — — — — — — — — — — 98.8% 98.4% 63.1% 94.1% 99.8% 100.0% 100.0% 100.0% 99.9% -1.7% -1.73%
FCF 61.5% 43.5% 13.3% -73.2% -2.7% -1.9% -1.6% -24.3% 42.6% 69.3% 55.3% 81.9% -3.6% -7.3% -5.3% -25.2% 36.0% 64.7% 87.2% 99.1% 99.10%
EBITDA -1.4% 53.4% 28.9% 5.9% -30.2% -6.8% -2.3% -1.9% -7.5% 54.0% 51.7% 60.2% -6.7% -97.4% -1.6% -2.0% 57.4% 82.0% 1.1% 1.1% 1.07%
Op. Income -99.5% 9.5% 14.2% -3.4% -15.1% -1.9% -62.2% -17.5% 43.2% 77.2% 45.5% 47.6% -60.0% -1.9% -1.6% -1.8% -0.9% 1.2% 68.0% 47.2% 47.23%
OCF Growth snapshot only 97.45%
Asset Growth snapshot only 3.64%
Equity Growth snapshot only 7.55%
Debt Growth snapshot only -19.79%
Shares Change snapshot only -87.27%
Growth (CAGR)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 3Y — — — — — 62.3% 22.0% 2.3% -10.5% -12.9% -11.1% -5.2% 2.8% 2.4% 7.4% 11.5% 11.2% 20.9% 26.5% 33.6% 33.58%
Revenue 5Y — — — — — — — — — — — — — 38.1% 22.3% 18.5% 13.9% 14.7% 17.4% 16.5% 16.47%
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 5Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 3Y — — — — — 57.9% 1.3% — — — — — — — — — -25.5% 18.7% 41.2% — —
Gross Profit 5Y — — — — — — — — — — — — — — — — -8.4% 9.3% 17.9% 23.5% 23.46%
Op. Income 3Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 5Y — — — — — — — — — — — — — — — — — — — — —
FCF 3Y — — — — — — — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — — — — — — — — — — —
OCF 5Y — — — — — — — — — — — — — — — — — — — — —
Assets 3Y — — — — — 6.8% 11.1% 11.5% 9.5% 38.4% 41.8% 52.1% 43.1% 46.4% 38.5% 50.0% 59.9% 47.9% 32.1% 31.2% 31.22%
Assets 5Y — — — — — — — — — — — — — 30.1% 23.1% 24.8% 22.0% 25.2% 26.9% 29.3% 29.28%
Equity 3Y — — — — — -18.6% 8.2% 17.1% 29.4% 77.3% 90.5% 1.2% 1.6% 1.2% 1.2% 3.2% 1.9% 1.1% 52.6% 48.1% 48.14%
Book Value 3Y — — — — — — 3.9% 1.2% -12.3% — — — — — — — — — -99.5% -98.9% -98.94%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue Stability — 0.92 1.00 0.94 0.58 0.69 0.59 0.09 0.03 0.34 0.30 0.23 0.04 0.41 0.33 0.29 0.21 0.40 0.52 0.59 0.593
Earnings Stability — 0.89 0.81 0.91 0.90 0.89 0.92 0.80 0.78 0.84 0.85 0.28 0.24 0.50 0.72 0.39 0.29 0.35 0.22 0.01 0.015
Margin Stability — 0.91 0.87 0.88 0.85 0.88 0.76 0.24 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
Rev. Growth Consistency 0.00 1.00 1.00 1.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 1.00 0.50 0.500
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence — 0.92 0.96 0.90 0.93 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.85 0.50 0.50 0.50 0.85 0.50 0.500
Earnings Smoothness — — — — — — — — — — — — — — — — — — — — —
ROE Trend — -1.13 -1.50 -15.28 -3.52 -1.72 0.51 6.59 2.68 1.35 0.82 9.11 3.33 1.48 0.41 0.74 0.53 0.11 0.36 0.20 0.205
Gross Margin Trend — 0.04 0.03 0.04 0.06 -0.07 -0.10 -0.33 -0.50 -0.65 -0.74 -0.48 -0.46 -0.30 -0.09 -0.01 0.40 0.60 0.62 0.61 0.614
FCF Margin Trend — 0.16 0.10 0.02 -0.12 -0.29 -0.38 -0.30 -0.16 0.08 -0.03 0.32 -1.02 -0.81 -0.64 -0.89 0.46 0.48 0.70 0.66 0.658
Sustainable Growth Rate — — — — — — — — — — — — — — — — — — — — —
Internal Growth Rate — — — — — — — — — — — — — — — — — — — — —
Cash Flow Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
OCF/Net Income 0.07 0.37 0.31 0.58 0.85 0.59 0.65 0.15 0.09 0.06 0.14 -0.19 0.72 0.87 0.77 1.13 0.88 0.62 0.47 0.08 0.083
FCF/OCF 5.81 2.38 2.59 1.68 1.47 1.72 1.66 2.24 2.33 2.46 1.54 -1.20 4.91 3.63 2.87 1.92 1.18 1.09 0.96 0.68 0.677
FCF/Net Income snapshot only 0.056
OCF/EBITDA snapshot only -0.708
CapEx/Revenue 13.2% 10.3% 12.1% 11.7% 12.3% 23.8% 24.9% 31.4% 24.4% 17.6% 15.4% 19.8% 1.1% 89.9% 76.5% 58.9% 7.2% 2.4% 0.5% 0.5% 0.48%
CapEx/Depreciation snapshot only 0.072
Accruals Ratio -0.39 -0.19 -0.27 -0.24 -0.09 -0.33 -0.21 -1.36 -1.39 -0.85 -0.70 -0.26 -0.06 -0.03 -0.08 0.06 -0.04 -0.13 -0.12 -0.13 -0.135
Sloan Accruals snapshot only -0.002
Cash Flow Adequacy snapshot only -3.092
Dividends & Buybacks
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Dividend Yield — — — — — — 6.6% 1.3% 17.3% 85.1% 3.0% 6.6% 75.3% 27.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share — — — — — — $3953647.35 $356203.27 $16563.60 $108898.28 $188950.48 $157801.08 $158154.38 $24558.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio — — — — — — — — — — — — — — — — — — — — —
FCF Payout Ratio — — — — — — — — — — — — — — — — — — — — —
Total Payout Ratio — — — — — — — — — — — — — — — — — — — — —
Div. Increase Streak — — — — — — 0 0 0 0 1 1 1 1 — — — — — — —
Chowder Number — — — — — — — — — — 10.97 12.76 81.50 27.71 — — — — — — —
Buyback Yield — — — — — — 1.9% 53.5% 7.1% 10.9% 2.0% 4.4% 50.6% 27.3% 40.9% 0.1% 0.9% 4.8% 0.0% 0.0% 0.00%
Net Buyback Yield — — — — — — -6.9% -1.4% -31.6% -1.1% 46.2% 18.0% 3.1% 15.5% -17.2% -1.6% 0.9% 4.8% 0.0% 0.0% 0.00%
Total Shareholder Return — — — — — — -30.4% -14.1% -14.3% -22.3% 3.4% 6.8% 78.4% 42.8% -17.2% -1.6% 0.9% 4.8% 0.0% 0.0% 0.00%
DuPont Factors
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Tax Burden (NI/EBT) 0.89 0.91 1.00 1.00 1.00 1.00 0.99 0.99 0.98 0.97 0.97 0.91 0.92 0.94 0.98 0.99 0.95 0.95 0.89 0.86 0.856
Interest Burden (EBT/EBIT) 1.17 1.23 1.14 1.17 1.06 1.04 1.04 2.64 3.66 4.53 4.77 1.69 1.07 1.15 1.26 1.50 3.98 3.84 18.37 7.29 7.293
EBIT Margin -0.39 -0.18 -0.22 -0.26 -0.29 -0.54 -0.56 -0.66 -0.55 -0.47 -0.44 -0.31 -0.41 -0.37 -0.43 -0.38 -0.12 -0.12 -0.02 -0.03 -0.029
Asset Turnover 1.04 1.50 1.56 1.88 1.95 1.41 1.06 0.92 0.77 0.43 0.40 0.45 0.55 0.56 0.70 0.76 0.78 0.78 0.87 0.81 0.814
Equity Multiplier 3.49 3.35 3.94 6.88 7.52 4.03 2.74 2.91 2.02 1.51 1.40 1.46 1.33 1.32 1.30 1.33 1.26 1.32 1.32 1.30 1.301
Per Share
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
EPS (Diluted TTM) — — — — — — $-7224101.13 $-1298705.25 $-60022.73 $-109950.47 $-85813.48 $-20985.18 $-22158.89 $-6533.12 $-134.90 $-0.04 $-0.04 $-0.29 $-0.17 $-0.12 $-0.12
Book Value/Share — — — — — — $6700869.81 $539169.82 $35410.62 $143070.40 $114208.29 $100719.51 $103282.96 $22509.63 $266.44 $0.08 $0.09 $0.70 $0.65 $0.65 $0.65
Tangible Book/Share — — — — — — $6269487.77 $479802.61 $30910.95 $123862.77 $100254.30 $86671.61 $59608.35 $6149.59 $136.88 $0.04 $0.05 $0.43 $0.38 $0.38 $0.38
Revenue/Share — — — — — — $12434742.08 $751629.94 $30105.03 $52671.42 $41949.49 $43825.30 $55031.04 $16636.79 $254.44 $0.08 $0.08 $0.68 $0.69 $0.66 $0.35
FCF/Share — — — — — — $-7818541.45 $-426060.46 $-12905.19 $-15672.82 $-18515.98 $-4740.40 $-78743.87 $-20650.81 $-298.71 $-0.10 $-0.04 $-0.20 $-0.08 $-0.01 $0.00
OCF/Share — — — — — — $-4717338.04 $-189883.86 $-5545.94 $-6381.91 $-12050.43 $3948.77 $-16032.33 $-5695.23 $-104.13 $-0.05 $-0.03 $-0.18 $-0.08 $-0.01 $-0.00
Cash/Share — — — — — — $2657437.20 $247654.77 $17168.03 $98410.76 $75978.41 $71452.67 $25820.74 $3918.13 $25.16 $0.01 $0.02 $0.12 $0.10 $0.10 $0.10
EBITDA/Share — — — — — — $-5338610.74 $-423551.98 $-12424.47 $-17674.05 $-13664.08 $-10389.54 $-17600.36 $-5526.35 $-92.32 $-0.02 $-0.01 $-0.03 $0.02 $0.01 $0.01
Debt/Share — — — — — — $4760682.65 $285053.83 $10201.14 $18843.15 $13106.14 $20722.87 $6722.78 $3315.59 $36.38 $0.01 $0.01 $0.05 $0.04 $0.04 $0.04
Net Debt/Share — — — — — — $2103245.44 $37399.06 $-6966.89 $-79567.61 $-62872.27 $-50729.80 $-19097.96 $-602.54 $11.23 $0.00 $-0.01 $-0.07 $-0.06 $-0.06 $-0.06
Academic Models
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — 1.380
Altman Z-Prime snapshot only 2.196
Piotroski F-Score 3 4 4 4 4 3 2 3 3 3 3 6 4 4 4 3 4 5 6 7 7
Beneish M-Score -4.74 -3.09 -3.81 -3.93 -3.36 -2.23 -11.83 -4.72 -4.12 -4.99 -4.99 -0.87 -1.93 -0.86 -14.49 -0.02 -3.74 -10.39 -3.24 -40.90 -40.904
Ohlson O-Score snapshot only -6.912
ROIC (Greenblatt) snapshot only -6.17%
Net-Net WC snapshot only $0.18
EVA snapshot only $-4944210.00
Credit
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Credit Rating snapshot only BB-
Credit Score 29.47 30.54 30.79 21.28 21.61 25.01 22.28 21.54 42.10 47.44 43.49 35.40 33.98 31.94 26.50 58.95 49.88 34.91 38.12 36.13 36.126
Credit Grade snapshot only 13
Credit Trend snapshot only -22.824
Implied Spread (bps) snapshot only 550.000
Industry Credit Rank snapshot only 28
Sector Credit Rank snapshot only 29

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