Also trades as: ANFGF (OTC) · $vol 0M

£3,802.00 ($50.33)

+112.00 (+3.04%)

Weekly Expected Move ±6.5%

£3310 £3556 £3802 £4048 £4294

LSE · Basic Materials · Copper · Tech Score Sell · Power 40 · £37.5B mcap · 340M float · 0.365% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

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: 0Hold: 0Sell: 2Strong Sell: 0

Rating Summary

ConsensusSell

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.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

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. ANTO.L receives an overall rating of B. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	B
2026-07-01	B	B-
2026-06-01	B-	B
2026-05-26	B	B-
2026-04-07	None	ADDED
2026-04-07	EXISTED	None
2026-04-01	B-	B
2026-02-18	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

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

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

Altman Z-Score

—

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✗ ✓ ✓ ✓ ✓

Beneish M-Score

-2.76

Unlikely Manipulator

Ohlson O-Score

-9.61

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 73.8/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 2.23x

Accruals: -12.4%

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. ANTO.L 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. ANTO.L's score of -2.76 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. ANTO.L's implied 0.0% 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. ANTO.L receives an estimated rating of A (score: 73.8/100), with a improving 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). ANTO.L's score of 75/100 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

29.96x

PEG

0.30x

P/S

5.32x

P/B

4.62x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$24.89

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 30.0x earnings, ANTO.L commands a growth premium. Graham's intrinsic value formula yields $24.89 per share, 15174% below 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

0.419

NI / EBT

Interest Burden

1.052

EBT / EBIT

EBIT Margin

0.380

EBIT / Rev

Asset Turnover

0.606

Rev / Assets

Equity Multiplier

2.490

Assets / Equity

ROE

25.2%

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. ANTO.L's ROE of 25.2% is driven by Asset Turnover (0.606), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.42 suggests the company retains less than 60% of pre-tax earnings after taxes.

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

15.00%

Fair P/E

38.50x

Intrinsic Value

$97.20

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 ANTO.L's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. ANTO.L actually compounded EPS at 35.8% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. ANTO.L trades at a premium to its adjusted intrinsic value of $97.20, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 30.0x.

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

$3802.00

Median 1Y

$4422.40

5th Pctile

$2125.55

95th Pctile

$9231.56

Ann. Volatility

40.6%

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	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
ROE	5.8%	1.8%	4.6%	12.5%	14.1%	17.5%	17.6%	13.5%	12.9%	17.0%	20.8%	22.8%	35.1%	30.4%	27.4%	28.8%	18.4%	17.5%	19.7%	25.2%	25.22%
ROA	3.0%	0.9%	2.3%	6.3%	7.1%	8.9%	9.0%	6.9%	6.6%	8.3%	10.3%	10.9%	17.2%	14.1%	12.8%	12.5%	8.1%	7.6%	8.3%	10.1%	10.13%
ROIC	10.9%	7.6%	12.0%	22.9%	25.0%	26.1%	27.0%	21.7%	21.6%	31.5%	36.4%	36.6%	36.8%	31.1%	25.2%	23.4%	23.7%	20.0%	24.0%	27.8%	27.78%
ROCE	11.2%	9.8%	12.9%	21.7%	24.0%	24.8%	25.3%	20.6%	20.1%	23.7%	28.4%	30.0%	30.3%	24.5%	19.4%	18.1%	17.0%	14.6%	18.5%	22.6%	22.60%
Gross Margin	35.4%	46.3%	46.7%	53.2%	37.9%	43.0%	43.5%	37.0%	36.2%	60.5%	56.1%	41.0%	41.7%	42.0%	42.1%	37.3%	38.3%	45.0%	52.9%	53.8%	53.85%
Operating Margin	19.6%	29.0%	34.9%	41.2%	24.2%	31.3%	31.1%	23.3%	22.0%	50.0%	42.0%	25.1%	29.5%	26.5%	29.0%	23.3%	38.2%	34.4%	45.0%	46.0%	46.01%
Net Margin	6.1%	1.4%	14.2%	17.0%	9.1%	11.5%	12.0%	8.2%	6.3%	18.5%	16.1%	10.3%	38.2%	11.4%	14.7%	8.8%	15.6%	13.7%	16.7%	18.9%	18.92%
EBITDA Margin	36.7%	44.2%	49.1%	52.0%	39.5%	48.0%	48.4%	39.5%	45.1%	63.5%	57.4%	44.4%	46.2%	44.2%	47.1%	44.3%	46.9%	55.8%	62.7%	58.4%	58.38%
FCF Margin	-8.8%	-5.8%	4.1%	18.3%	17.0%	17.2%	19.0%	15.0%	15.1%	22.8%	18.5%	18.2%	14.2%	3.7%	1.7%	-0.2%	0.6%	-0.3%	-2.8%	-2.9%	-2.92%
OCF Margin	22.9%	22.4%	26.5%	38.7%	36.1%	35.9%	37.4%	35.1%	36.5%	45.3%	42.9%	44.3%	41.6%	34.6%	34.5%	33.4%	35.7%	35.9%	36.4%	37.3%	37.27%
ROE 3Y Avg	snapshot only																				24.06%
ROE 5Y Avg	snapshot only																				19.50%
ROA 3Y Avg	snapshot only																				10.11%
ROIC 3Y Avg	snapshot only																				20.11%
ROIC Economic	snapshot only																				22.01%
Cash ROA	snapshot only																				20.24%
Cash ROIC	snapshot only																				37.68%
CROIC	snapshot only																				-2.95%
NOPAT Margin	snapshot only																				27.48%
Pretax Margin	snapshot only																				39.93%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				7.94%
SBC / Revenue	snapshot only																				0.10%

Valuation

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	29.964
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.323
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.615
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				0.300
Graham Number	snapshot only																				$24.89

Leverage & Solvency

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	2.51	2.21	2.51	2.35	2.57	2.57	2.31	2.33	2.34	2.86	3.43	3.37	3.25	2.67	2.37	2.14	2.22	3.62	2.90	2.58	2.578
Quick Ratio	2.23	1.96	2.12	2.04	2.07	2.14	1.90	1.95	1.99	2.53	3.10	2.78	2.81	2.18	2.06	1.83	1.89	3.17	2.60	2.20	2.203
Debt/Equity	0.48	0.46	0.43	0.37	0.34	0.34	0.37	0.37	0.36	0.45	0.38	0.45	0.38	0.37	0.46	0.65	0.57	0.71	0.75	0.76	0.756
Net Debt/Equity	0.15	0.16	0.12	0.06	0.11	0.08	0.07	0.08	0.04	-0.09	-0.07	0.07	0.10	0.10	0.08	0.16	0.11	0.24	0.27	0.37	0.369
Debt/Assets	0.23	0.23	0.22	0.19	0.18	0.18	0.19	0.19	0.18	0.21	0.18	0.21	0.18	0.18	0.21	0.27	0.24	0.29	0.29	0.30	0.297
Debt/EBITDA	1.29	1.33	1.08	0.69	0.58	0.55	0.57	0.64	0.61	0.65	0.49	0.51	0.46	0.51	0.73	1.02	0.90	1.20	1.09	0.96	0.964
Net Debt/EBITDA	0.42	0.46	0.31	0.12	0.19	0.13	0.11	0.13	0.07	-0.13	-0.08	0.07	0.12	0.13	0.13	0.25	0.17	0.40	0.40	0.47	0.471
Interest Coverage	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	48.78	28.01	15.76	20.10	20.104
Equity Multiplier	2.08	2.01	1.97	1.94	1.91	1.92	1.95	1.98	1.97	2.17	2.07	2.19	2.11	2.13	2.19	2.42	2.39	2.48	2.55	2.55	2.549
Cash Ratio	snapshot only																				1.734
Debt Service Coverage	snapshot only																				29.984
Cash to Debt	snapshot only																				0.512
FCF to Debt	snapshot only																				-0.053
Defensive Interval	snapshot only																				2052.1 days

Efficiency & Turnover

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	0.55	0.52	0.52	0.60	0.66	0.68	0.71	0.67	0.69	0.68	0.76	0.79	0.81	0.72	0.66	0.66	0.63	0.57	0.58	0.61	0.606
Inventory Turnover	12.16	9.76	9.15	11.42	10.44	10.65	9.94	10.79	10.59	9.36	10.68	9.29	10.53	9.33	11.79	9.30	9.52	8.81	10.43	8.48	8.482
Receivables Turnover	12.77	9.00	14.54	17.23	19.70	17.53	20.88	16.72	17.72	19.06	15.79	25.90	17.08	13.93	12.25	19.86	15.25	10.92	11.04	14.78	14.781
Payables Turnover	10.90	7.24	6.97	12.34	10.46	11.65	9.59	11.22	11.01	7.88	9.41	8.86	9.73	6.92	10.38	7.09	9.20	6.53	6.78	5.61	5.611
DSO	29	41	25	21	19	21	17	22	21	19	23	14	21	26	30	18	24	33	33	25	24.7 days
DIO	30	37	40	32	35	34	37	34	34	39	34	39	35	39	31	39	38	41	35	43	43.0 days
DPO	33	50	52	30	35	31	38	33	33	46	39	41	38	53	35	51	40	56	54	65	65.0 days
Cash Conversion Cycle	25	28	13	24	19	24	16	23	22	12	19	12	19	13	26	6	23	19	14	3	2.7 days
Fixed Asset Turnover	snapshot only																				0.812
Operating Cycle	snapshot only																				67.7 days
Cash Velocity	snapshot only																				3.577
Capital Intensity	snapshot only																				1.842

Growth (YoY)

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue	-42.8%	-42.7%	-31.2%	-7.2%	24.4%	38.5%	39.9%	15.8%	7.4%	12.8%	21.0%	25.2%	37.2%	18.1%	1.2%	3.9%	-3.0%	-5.4%	9.6%	18.0%	17.98%
Net Income	-76.9%	-89.9%	-70.3%	53.4%	1.5%	9.8%	3.0%	14.3%	-3.9%	4.8%	29.4%	69.6%	2.0%	91.1%	45.8%	40.4%	-41.0%	-35.9%	-19.7%	5.1%	5.14%
EPS	-76.9%	-89.9%	-70.3%	53.4%	1.5%	9.8%	3.0%	14.3%	-3.9%	4.8%	29.4%	69.6%	2.0%	91.1%	45.8%	40.4%	-41.0%	-35.9%	-19.7%	5.1%	5.14%
FCF	-1.3%	-1.3%	41.5%	3.9%	3.4%	5.1%	5.6%	-5.4%	-4.8%	48.9%	17.4%	52.6%	29.2%	-80.7%	-90.9%	-1.0%	-96.1%	-1.1%	-2.9%	-20.7%	-20.71%
EBITDA	-59.3%	-60.2%	-37.0%	13.1%	69.2%	91.7%	69.2%	9.6%	4.6%	20.6%	36.3%	54.1%	62.7%	13.6%	-13.6%	-12.9%	-17.5%	-7.6%	28.1%	46.7%	46.69%
Op. Income	-72.1%	-75.5%	-53.0%	16.8%	1.1%	1.6%	1.0%	-2.1%	-11.2%	14.5%	38.1%	68.7%	91.0%	10.8%	-24.3%	-24.2%	-23.7%	-6.9%	45.6%	83.3%	83.28%
OCF Growth	snapshot only																				31.53%
Asset Growth	snapshot only																				26.04%
Equity Growth	snapshot only																				19.65%
Debt Growth	snapshot only																				38.42%
Shares Change	snapshot only																				0.00%
Dividend Growth	snapshot only																				-12.70%

Growth (CAGR)

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	4.7%	-0.4%	-1.9%	-2.7%	-5.3%	-6.9%	-8.1%	-8.2%	-8.6%	-3.6%	5.2%	10.4%	22.4%	22.6%	19.6%	14.6%	12.7%	8.0%	10.3%	15.3%	15.34%
Revenue 5Y	10.6%	5.1%	2.5%	3.7%	3.3%	5.0%	6.7%	7.5%	8.9%	9.0%	9.8%	5.9%	4.6%	1.5%	-1.0%	0.1%	0.4%	0.0%	5.2%	10.5%	10.53%
EPS 3Y	-45.2%	-62.9%	-43.3%	-26.9%	-24.8%	-17.9%	-17.9%	-14.7%	-17.9%	4.8%	15.4%	43.8%	93.3%	1.8%	96.1%	39.6%	19.6%	8.7%	14.9%	35.8%	35.80%
EPS 5Y	-21.4%	-44.2%	-35.8%	-23.5%	-22.7%	-18.6%	-16.5%	-17.5%	-17.0%	-10.3%	-1.1%	-5.4%	4.3%	2.1%	0.9%	8.2%	-0.3%	7.1%	12.4%	34.4%	34.43%
Net Income 3Y	-45.2%	-62.9%	-43.3%	-26.9%	-24.8%	-17.9%	-17.9%	-14.7%	-17.9%	4.8%	15.4%	43.8%	93.3%	1.8%	96.1%	39.6%	19.6%	8.7%	14.9%	35.8%	35.80%
Net Income 5Y	-21.4%	-44.2%	-35.8%	-23.5%	-22.7%	-18.6%	-16.5%	-17.5%	-17.0%	-10.3%	-1.1%	-5.4%	4.3%	2.1%	0.9%	8.2%	-0.3%	7.1%	12.4%	34.4%	34.43%
EBITDA 3Y	-17.7%	-18.2%	-14.7%	-9.4%	-13.2%	-12.6%	-12.2%	-14.7%	-10.4%	-2.7%	13.3%	24.1%	42.3%	38.0%	25.8%	13.8%	12.0%	8.2%	14.7%	25.3%	25.35%
EBITDA 5Y	-4.1%	-7.5%	-6.4%	-2.3%	-3.9%	-3.0%	-3.8%	-4.0%	-0.3%	4.8%	7.4%	4.7%	2.1%	-1.8%	-4.4%	-3.6%	-0.7%	-0.7%	10.0%	19.6%	19.56%
Gross Profit 3Y	-10.8%	-17.6%	-17.5%	-13.1%	-15.8%	-17.3%	-18.4%	-20.2%	-19.2%	-8.6%	6.9%	18.2%	37.5%	34.4%	22.7%	9.6%	7.1%	3.6%	9.9%	22.6%	22.57%
Gross Profit 5Y	-6.8%	-10.9%	-10.2%	-5.8%	-6.3%	-3.8%	-1.2%	-1.4%	1.2%	2.9%	4.2%	0.6%	-0.7%	-5.3%	-9.1%	-7.8%	-6.9%	-5.8%	3.7%	14.1%	14.14%
Op. Income 3Y	-29.3%	-32.0%	-26.6%	-16.4%	-19.3%	-18.5%	-18.3%	-22.7%	-19.6%	-9.4%	9.4%	24.5%	52.6%	49.8%	28.3%	7.8%	9.0%	5.7%	15.0%	32.8%	32.82%
Op. Income 5Y	-12.2%	-17.5%	-14.7%	-7.5%	-8.7%	-8.0%	-9.1%	-10.5%	-8.0%	-0.9%	1.9%	-0.7%	-2.3%	-7.3%	-10.6%	-10.0%	-5.4%	-5.2%	7.6%	21.8%	21.79%
FCF 3Y	—	—	-0.4%	3.6%	-14.6%	-19.2%	-20.3%	-21.4%	-14.0%	22.7%	1.2%	—	—	—	-11.3%	—	-63.6%	—	—	—	—
FCF 5Y	—	—	-36.7%	-12.9%	-14.1%	-10.0%	-3.4%	2.1%	31.9%	49.1%	50.0%	9.9%	-5.1%	-31.4%	-44.2%	—	-49.7%	—	—	—	—
OCF 3Y	-16.8%	-19.5%	-14.0%	-4.4%	-9.6%	-11.1%	-11.0%	-11.0%	-7.8%	7.6%	18.8%	36.6%	49.4%	41.8%	30.7%	9.2%	12.2%	8.0%	9.4%	17.7%	17.70%
OCF 5Y	-7.7%	-13.1%	-12.0%	-3.8%	-5.2%	-3.5%	-0.8%	0.1%	4.2%	10.6%	11.7%	7.7%	4.6%	-2.1%	-4.4%	-2.6%	0.4%	2.0%	9.6%	21.4%	21.37%
Assets 3Y	13.7%	11.5%	5.8%	7.6%	5.0%	5.7%	3.4%	6.9%	5.8%	11.3%	7.9%	6.3%	9.3%	9.5%	12.7%	15.2%	18.7%	19.5%	22.9%	23.3%	23.32%
Assets 5Y	29.9%	25.1%	22.0%	21.5%	18.3%	16.7%	12.4%	13.0%	9.1%	11.7%	8.3%	7.3%	9.3%	8.6%	8.8%	12.7%	12.8%	14.0%	13.9%	15.1%	15.14%
Equity 3Y	8.0%	6.8%	4.1%	8.3%	4.7%	4.4%	0.9%	3.8%	3.5%	8.7%	7.2%	3.8%	8.7%	7.5%	8.8%	7.1%	10.0%	9.7%	12.4%	13.3%	13.35%
Book Value 3Y	8.0%	6.8%	4.1%	8.3%	4.7%	4.4%	0.9%	3.8%	3.5%	8.7%	7.2%	3.8%	8.7%	7.5%	8.8%	7.1%	10.0%	9.7%	12.4%	13.3%	13.35%
Dividend 3Y	-11.6%	-57.4%	-52.0%	-35.7%	-11.2%	65.7%	63.8%	49.0%	-3.8%	12.2%	-1.7%	27.7%	48.1%	25.3%	28.4%	-21.5%	-22.2%	-35.0%	-32.0%	-4.4%	-4.43%

Growth Quality

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	0.38	0.23	0.11	0.10	0.00	0.01	0.01	0.07	0.09	0.18	0.44	0.43	0.17	0.06	0.01	0.03	0.05	0.07	0.77	0.90	0.904
Earnings Stability	0.26	0.63	0.84	0.93	0.86	0.73	0.64	0.75	0.68	0.34	0.12	0.13	0.00	0.03	0.05	0.35	0.20	0.44	0.65	0.95	0.951
Margin Stability	0.71	0.72	0.75	0.76	0.72	0.73	0.77	0.79	0.79	0.79	0.80	0.79	0.76	0.77	0.79	0.82	0.84	0.89	0.93	0.89	0.890
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	0.00	0.00	0.00	1.00	1.000
FCF Positive Streak	0	0	1	0	0	0	1	1	1	1	1	1	1	1	1	0	1	0	0	0	0
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.94	0.98	0.98	0.88	0.50	0.50	0.50	0.82	0.84	0.84	0.86	0.92	0.98	0.979
Earnings Smoothness	0.00	0.00	0.00	0.58	0.15	0.00	0.00	0.87	0.96	0.95	0.74	0.48	0.00	0.37	0.63	0.66	0.48	0.56	0.78	0.95	0.950
ROE Trend	-0.25	-0.25	-0.19	-0.04	-0.02	0.07	0.07	0.03	0.03	0.07	0.09	0.10	0.20	0.13	0.08	0.08	-0.05	-0.07	-0.05	-0.01	-0.014
Gross Margin Trend	-0.26	-0.25	-0.17	-0.05	-0.01	0.01	0.02	-0.04	-0.01	0.06	0.08	0.07	0.08	0.00	-0.06	-0.05	-0.06	-0.06	-0.02	0.03	0.028
FCF Margin Trend	-0.29	-0.25	-0.12	0.09	0.12	0.15	0.16	0.09	0.11	0.17	0.07	0.02	-0.02	-0.16	-0.17	-0.17	-0.14	-0.14	-0.13	-0.12	-0.120
Sustainable Growth Rate	-8.7%	-0.7%	1.5%	8.4%	4.2%	7.4%	4.5%	0.8%	4.5%	3.7%	9.4%	-3.6%	10.6%	6.0%	5.7%	17.3%	8.1%	11.5%	13.6%	16.9%	16.87%
Internal Growth Rate	—	—	0.7%	4.4%	2.2%	3.9%	2.4%	0.4%	2.4%	1.9%	4.9%	—	5.4%	2.9%	2.7%	8.1%	3.7%	5.2%	6.0%	7.3%	7.27%

Cash Flow Quality

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	4.26	13.36	6.01	3.72	3.36	2.74	2.97	3.42	3.78	3.72	3.18	3.19	1.96	1.75	1.78	1.78	2.77	2.69	2.56	2.23	2.228
FCF/OCF	-0.39	-0.26	0.15	0.47	0.47	0.48	0.51	0.43	0.41	0.50	0.43	0.41	0.34	0.11	0.05	-0.00	0.02	-0.01	-0.08	-0.08	-0.078
FCF/Net Income	snapshot only																				-0.174
OCF/EBITDA	snapshot only																				0.658
CapEx/Revenue	31.7%	28.2%	22.5%	20.3%	19.2%	18.7%	18.4%	20.1%	21.4%	22.5%	24.4%	26.0%	27.4%	30.8%	32.9%	33.6%	35.1%	36.3%	39.3%	39.4%	39.37%
CapEx/Depreciation	snapshot only																				2.110
Accruals Ratio	-0.10	-0.11	-0.11	-0.17	-0.17	-0.16	-0.18	-0.17	-0.18	-0.23	-0.22	-0.24	-0.17	-0.11	-0.10	-0.10	-0.14	-0.13	-0.13	-0.12	-0.124
Sloan Accruals	snapshot only																				-0.095
Cash Flow Adequacy	snapshot only																				0.830
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.52%
Dividend/Share	$0.99	$0.16	$0.22	$0.29	$0.69	$0.73	$0.95	$0.95	$0.62	$1.03	$0.90	$1.98	$2.00	$2.03	$1.90	$0.96	$0.94	$0.56	$0.60	$0.84	$0.77
Payout Ratio	2.5%	1.4%	67.6%	32.5%	70.1%	57.9%	74.4%	94.3%	64.9%	78.0%	54.6%	1.2%	69.9%	80.2%	79.2%	39.9%	55.9%	34.4%	31.0%	33.1%	33.10%
FCF Payout Ratio	—	—	73.4%	18.5%	44.5%	44.0%	49.3%	64.7%	41.5%	41.7%	39.9%	88.3%	1.0%	4.2%	9.3%	—	12.5%	—	—	—	—
Total Payout Ratio	2.5%	1.4%	67.6%	32.5%	70.1%	57.9%	74.4%	94.3%	64.9%	78.0%	54.6%	1.2%	69.9%	80.2%	79.2%	39.9%	55.9%	34.4%	31.0%	33.1%	33.10%
Div. Increase Streak	0	0	0	0	0	0	0	0	0	1	0	1	0	1	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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)	0.29	0.22	0.34	0.41	0.42	0.40	0.40	0.38	0.37	0.37	0.36	0.37	0.47	0.50	0.52	0.52	0.41	0.41	0.41	0.42	0.419
Interest Burden (EBT/EBIT)	0.94	0.44	0.57	0.77	0.77	0.98	0.98	0.97	0.96	0.97	1.00	1.00	1.20	1.25	1.34	1.34	1.19	1.19	1.05	1.05	1.052
EBIT Margin	0.20	0.17	0.22	0.33	0.33	0.33	0.32	0.28	0.27	0.34	0.37	0.37	0.38	0.32	0.28	0.27	0.26	0.27	0.33	0.38	0.380
Asset Turnover	0.55	0.52	0.52	0.60	0.66	0.68	0.71	0.67	0.69	0.68	0.76	0.79	0.81	0.72	0.66	0.66	0.63	0.57	0.58	0.61	0.606
Equity Multiplier	1.96	2.02	2.00	1.99	1.99	1.96	1.96	1.96	1.94	2.05	2.01	2.08	2.05	2.15	2.13	2.31	2.26	2.32	2.38	2.49	2.490

Per Share

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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)	$0.40	$0.12	$0.32	$0.88	$0.99	$1.26	$1.27	$1.01	$0.95	$1.32	$1.65	$1.71	$2.86	$2.52	$2.40	$2.40	$1.69	$1.62	$1.93	$2.52	$2.52
Book Value/Share	$6.81	$6.91	$7.06	$7.42	$7.21	$7.46	$7.40	$7.49	$7.56	$8.04	$8.47	$7.54	$8.75	$8.58	$9.08	$9.12	$9.60	$9.86	$10.52	$10.91	$15.30
Tangible Book/Share	$6.66	$6.76	$6.90	$7.27	$7.06	$7.31	$7.25	$7.34	$7.40	$7.89	$-3.05	$-4.39	$-3.89	$-4.57	$9.08	$9.12	$9.60	$9.86	$10.52	$10.91	$10.91
Revenue/Share	$7.38	$6.95	$7.22	$8.49	$9.18	$9.62	$10.10	$9.84	$9.86	$10.85	$12.22	$12.31	$13.52	$12.81	$12.36	$12.79	$13.12	$12.12	$13.55	$15.09	$9.46
FCF/Share	$-0.65	$-0.40	$0.29	$1.55	$1.56	$1.66	$1.92	$1.47	$1.48	$2.47	$2.26	$2.24	$1.92	$0.48	$0.20	$-0.02	$0.08	$-0.04	$-0.38	$-0.44	$-0.09
OCF/Share	$1.69	$1.55	$1.91	$3.28	$3.32	$3.46	$3.78	$3.45	$3.59	$4.91	$5.24	$5.45	$5.63	$4.43	$4.27	$4.28	$4.68	$4.35	$4.94	$5.63	$3.65
Cash/Share	$2.21	$2.08	$2.20	$2.28	$1.67	$1.92	$2.22	$2.22	$2.40	$4.30	$3.77	$2.92	$2.43	$2.38	$3.43	$4.50	$4.38	$4.64	$4.98	$4.22	$4.22
EBITDA/Share	$2.52	$2.38	$2.83	$3.96	$4.27	$4.57	$4.79	$4.34	$4.47	$5.51	$6.53	$6.69	$7.27	$6.26	$5.64	$5.83	$6.00	$5.78	$7.22	$8.55	$8.55
Debt/Share	$3.26	$3.16	$3.07	$2.75	$2.46	$2.53	$2.75	$2.80	$2.73	$3.59	$3.22	$3.42	$3.32	$3.21	$4.14	$5.96	$5.43	$6.96	$7.85	$8.24	$8.24
Net Debt/Share	$1.05	$1.08	$0.87	$0.46	$0.79	$0.60	$0.52	$0.57	$0.32	$-0.71	$-0.55	$0.50	$0.90	$0.83	$0.71	$1.46	$1.05	$2.32	$2.86	$4.02	$4.02

Academic Models

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	4	4	5	8	9	8	7	7	5	7	9	8	9	7	5	5	4	6	5	7	7
Beneish M-Score	-2.77	-2.80	-2.94	-3.18	-3.02	-2.95	-3.22	-3.12	-3.24	-3.69	-2.59	-4.07	-1.47	-1.81	-2.69	-1.43	-3.27	-2.80	-2.62	-2.76	-2.763
Ohlson O-Score	snapshot only																				-9.611
ROIC (Greenblatt)	snapshot only																				25.56%
Net-Net WC	snapshot only																				$-6.22
EVA	snapshot only																				$2617228356.20

Credit

Metric	Q2'16	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	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																				A
Credit Score	74.90	71.25	74.11	78.28	78.08	78.40	78.87	79.96	80.59	74.41	74.22	76.10	77.41	75.98	74.90	71.08	76.30	73.64	72.28	73.84	73.837
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				2.755
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				66
Sector Credit Rank	snapshot only																				68

ANTO.L LSE

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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