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ATVI NASDAQ

Activision Blizzard, Inc.
1W: +0.0% 1M: +2.2% 3M: +3.1% 1Y: +32.2% 3Y: +20.5% 5Y: +25.0%
$94.42
Last traded 2023-10-20 — delisted
NASDAQ · Technology · Electronic Gaming & Multimedia · $74.3B mcap · 781M float · 0.779% daily turnover
Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings
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Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
54.4 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: 16.6%  ·  5Y Avg: 32.0%
Cost Advantage
58
Intangibles
51
Switching Cost
33
Network Effect
50
Scale ★
95
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. ATVI shows a Weak competitive edge (54.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 16.6% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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: 36Hold: 24Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$—
Analysts0
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2023-07-20 Wedbush Nick McKay Initiated $96 — +3.9% $92.35
2023-07-12 BOCOM International Holdings Company Mike Hickey Initiated $90 — 0.0% $90.00
2023-02-07 Raymond James Andrew Marok Initiated $95 — +25.8% $75.53
2022-11-28 Truist Financial — $95 $81 -14 +9.8% $73.76
2022-11-16 Deutsche Bank — $95 $83 -12 +11.5% $74.44
2022-09-15 Atlantic Equities Kunaal Malde $95 $84 -11 +9.7% $76.60
2022-08-02 Loop Capital Markets Tyler Parker Initiated $95 — +19.3% $79.61
2022-04-25 Benchmark Co. Mike Hickey Initiated $100 — +28.1% $78.05
2022-01-18 Morgan Stanley Brian Nowak Initiated $95 — +15.6% $82.15
2022-01-18 Atlantic Equities Kunaal Malde Initiated $95 — +15.6% $82.15
2022-01-18 Citigroup Jason Bazinet Initiated $105 — +27.8% $82.15
2022-01-18 Deutsche Bank Benjamin Soff Initiated $95 — +15.6% $82.15
2022-01-17 Truist Financial Matthew Thornton Initiated $95 — +15.4% $82.31
2022-01-17 MKM Partners Eric Handler Initiated $95 — +15.4% $82.31
2022-01-17 Robert W. Baird Colin Sebastian Initiated $95 — +15.4% $82.31
2022-01-09 Ascendiant Edward Woo Initiated $94 — +48.9% $63.11
2021-12-20 Stifel Nicolaus Drew Crum Initiated $77 — +24.6% $61.80
2021-11-02 Barclays Mario Lu Initiated $95 — +42.3% $66.75
2021-08-22 Cowen & Co. Doug Creutz Initiated $100 — +21.6% $82.22
2021-05-04 Bank of America Securities Justin Post Initiated $116 — +28.8% $90.08

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.

★ ★ ★ ★ ★ 74 Grade A+
Profitability
73
Balance Sheet
91
Earnings Quality
83
Growth
61
Value
48
Momentum
85
Safety
100
Cash Flow
82
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. ATVI scores highest in Safety (100/100) and lowest in Value (48/100). An overall grade of A+ places ATVI among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score
6.98
Safe Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓
Beneish M-Score
-1.88
Unlikely Manipulator
Ohlson O-Score
-10.90
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA+
Score: 92.7/100
Trend: Stable
Earnings Quality
100/100
OCF/NI: 1.18x
Accruals: -1.4%
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. ATVI scores 6.98, placing it in the Safe Zone (safe > 2.99, distress < 1.81). 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. ATVI scores 6/9, 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. ATVI's score of -1.88 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. ATVI'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. ATVI receives an estimated rating of AA+ (score: 92.7/100), with a stable 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). ATVI'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
49.18x
PEG
3.19x
P/S
9.87x
P/B
3.84x
P/FCF
27.05x
P/OCF
26.00x
EV/EBITDA
20.00x
EV/Revenue
6.52x
EV/EBIT
21.14x
EV/FCF
23.18x
Earnings Yield
3.27%
FCF Yield
3.70%
Shareholder Yield
0.00%
Graham Number
$40.08
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 49.2x earnings, ATVI is priced for high growth expectations. Graham's intrinsic value formula yields $40.08 per share, 136% 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
0.840
NI / EBT
×
Interest Burden
0.960
EBT / EBIT
×
EBIT Margin
0.308
EBIT / Rev
×
Asset Turnover
0.325
Rev / Assets
×
Equity Multiplier
1.371
Assets / Equity
=
ROE
11.1%
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. ATVI's ROE of 11.1% is driven by Asset Turnover (0.325), 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
5.27%
Fair P/E
19.03x
Intrinsic Value
$51.89
Price/Value
1.61x
Margin of Safety
-60.71%
Premium
60.71%
Assessment
Neutral
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with ATVI's realized 5.3% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. ATVI trades at a 61% premium to its adjusted intrinsic value of $51.89, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 19.0x compares to the current market P/E of 49.2x.

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
$94.42
Median 1Y
$101.41
5th Pctile
$58.23
95th Pctile
$176.95
Ann. Volatility
32.5%
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 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
ROE 5.6% 17.4% 16.4% 15.1% 14.2% 12.4% 12.7% 14.1% 16.6% 15.8% 16.3% 17.4% 16.9% 16.5% 14.9% 10.9% 9.4% 8.2% 9.8% 11.1% 11.09%
ROA 3.4% 9.9% 9.7% 9.5% 9.4% 8.0% 8.3% 9.6% 11.2% 10.2% 10.7% 11.9% 11.6% 11.2% 10.2% 7.7% 6.8% 5.8% 7.1% 8.1% 8.09%
ROIC 6.4% 19.6% 19.2% 17.0% 16.1% 15.3% 15.8% 18.4% 21.7% 23.0% 25.1% 25.0% 25.0% 26.0% 24.5% 17.8% 14.9% 13.3% 15.2% 16.6% 16.59%
ROCE 10.7% 13.3% 12.8% 12.2% 12.3% 10.2% 10.3% 12.0% 13.4% 13.6% 14.2% 14.8% 14.6% 14.4% 13.1% 10.0% 8.7% 7.8% 9.3% 10.7% 10.66%
Gross Margin 66.1% 65.1% 69.6% 69.0% 65.9% 67.5% 72.1% 75.7% 76.0% 66.1% 74.6% 75.8% 74.5% 69.6% 72.9% 70.5% 71.8% 67.6% 72.1% 70.3% 70.28%
Operating Margin 17.5% 29.1% 31.4% 24.1% 19.4% 23.0% 34.4% 38.8% 39.8% 24.6% 34.9% 41.8% 39.8% 32.9% 27.1% 20.6% 27.2% 15.8% 33.6% 26.4% 26.42%
Net Margin 17.2% 27.3% 24.6% 23.5% 16.0% 26.6% 28.4% 30.0% 30.9% 21.1% 27.2% 38.2% 30.9% 26.1% 22.3% 17.0% 24.4% 17.3% 31.1% 26.6% 26.60%
EBITDA Margin 26.1% 45.7% 43.1% 37.3% 29.6% 31.9% 44.0% 43.4% 43.3% 31.5% 41.7% 50.3% 42.6% 36.0% 34.4% 27.4% 32.7% 26.0% 44.7% 26.4% 26.42%
FCF Margin 24.9% 22.1% 21.7% 24.5% 26.2% 26.6% 22.0% 29.3% 25.4% 26.9% 33.4% 27.8% 31.1% 26.5% 25.8% 25.2% 22.7% 28.3% 25.1% 28.1% 28.12%
OCF Margin 27.2% 23.9% 23.3% 26.1% 27.8% 28.4% 23.8% 30.8% 26.6% 27.9% 34.4% 28.7% 32.0% 27.4% 26.7% 26.4% 23.9% 29.5% 26.5% 29.3% 29.26%
ROE 3Y Avg snapshot only 12.24%
ROE 5Y Avg snapshot only 12.81%
ROA 3Y Avg snapshot only 8.72%
ROIC 3Y Avg snapshot only 21.14%
ROIC Economic snapshot only 7.75%
Cash ROA snapshot only 8.93%
Cash ROIC snapshot only 22.50%
CROIC snapshot only 21.62%
NOPAT Margin snapshot only 21.58%
Pretax Margin snapshot only 29.60%
R&D / Revenue snapshot only 18.03%
SGA / Revenue snapshot only 26.64%
SBC / Revenue snapshot only 5.62%
Valuation
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
P/E Ratio 107.03 19.11 19.38 20.97 24.36 29.70 28.66 31.78 27.88 32.27 30.84 28.19 22.56 18.96 25.03 32.32 34.67 39.59 36.10 30.59 49.177
P/S Ratio 8.64 4.62 4.64 4.97 5.78 6.92 6.97 8.29 8.08 8.78 8.31 8.22 6.58 5.81 7.46 7.94 7.89 7.96 8.24 7.61 9.868
P/B Ratio 5.80 3.05 2.94 2.95 3.24 3.49 3.44 4.21 4.29 4.71 4.65 4.51 3.52 2.91 3.47 3.33 3.09 3.11 3.33 3.18 3.837
P/FCF 34.70 20.88 21.40 20.30 22.05 26.04 31.71 28.26 31.86 32.61 24.86 29.56 21.19 21.92 28.95 31.52 34.75 28.14 32.84 27.05 27.050
P/OCF 31.74 19.35 19.92 19.04 20.75 24.39 29.28 26.90 30.40 31.48 24.18 28.62 20.60 21.20 28.00 30.02 33.01 26.98 31.12 26.00 25.999
EV/EBITDA 24.67 10.97 11.13 12.00 13.53 18.01 18.00 20.57 18.71 20.40 19.33 18.30 14.29 11.79 15.94 19.79 21.05 22.92 21.50 20.00 19.996
EV/Revenue 8.55 4.41 4.36 4.70 5.45 6.44 6.47 7.76 7.58 8.15 7.65 7.60 5.91 5.04 6.58 7.04 6.93 6.84 7.14 6.52 6.518
EV/EBIT 39.97 16.40 16.05 17.22 19.02 24.10 23.59 25.49 22.32 24.24 22.76 21.48 16.72 13.55 18.37 23.50 25.09 27.82 25.49 21.14 21.135
EV/FCF 34.34 19.94 20.13 19.19 20.80 24.22 29.42 26.46 29.90 30.29 22.88 27.31 19.02 19.00 25.51 27.95 30.51 24.20 28.48 23.18 23.181
Earnings Yield 0.9% 5.2% 5.2% 4.8% 4.1% 3.4% 3.5% 3.1% 3.6% 3.1% 3.2% 3.5% 4.4% 5.3% 4.0% 3.1% 2.9% 2.5% 2.8% 3.3% 3.27%
FCF Yield 2.9% 4.8% 4.7% 4.9% 4.5% 3.8% 3.2% 3.5% 3.1% 3.1% 4.0% 3.4% 4.7% 4.6% 3.5% 3.2% 2.9% 3.6% 3.0% 3.7% 3.70%
PEG Ratio snapshot only 3.190
Price/Tangible Book snapshot only 6.797
EV/OCF snapshot only 22.280
EV/Gross Profit snapshot only 9.262
Acquirers Multiple snapshot only 25.379
Shareholder Yield snapshot only 0.00%
Graham Number snapshot only $40.08
Leverage & Solvency
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Current Ratio 2.09 2.31 2.63 3.46 3.43 2.50 2.78 3.02 4.12 3.41 3.43 4.83 5.56 5.21 5.45 6.18 5.76 4.07 5.15 4.66 4.665
Quick Ratio 2.01 2.29 2.61 3.43 3.38 2.49 2.78 3.02 4.12 3.41 3.43 4.83 5.56 5.21 5.45 6.18 5.76 4.07 5.15 4.66 4.665
Debt/Equity 0.25 0.24 0.23 0.22 0.22 0.21 0.21 0.20 0.25 0.24 0.24 0.22 0.21 0.21 0.20 0.20 0.19 0.19 0.18 0.17 0.174
Net Debt/Equity -0.06 -0.14 -0.17 -0.16 -0.19 -0.24 -0.25 -0.27 -0.26 -0.34 -0.37 -0.34 -0.36 -0.39 -0.41 -0.38 -0.38 -0.44 -0.44 -0.46 -0.456
Debt/Assets 0.16 0.15 0.15 0.15 0.15 0.13 0.14 0.13 0.17 0.16 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.127
Debt/EBITDA 1.08 0.89 0.93 0.96 0.97 1.16 1.16 1.02 1.16 1.12 1.06 0.97 0.96 0.96 1.05 1.33 1.49 1.61 1.33 1.27 1.273
Net Debt/EBITDA -0.26 -0.52 -0.70 -0.69 -0.82 -1.35 -1.40 -1.40 -1.23 -1.56 -1.67 -1.51 -1.63 -1.81 -2.15 -2.53 -2.92 -3.73 -3.29 -3.34 -3.338
Interest Coverage 17.02 30.10 47.57 49.74 40.14 24.28 19.35 23.27 27.32 27.16 27.45 29.00 29.34 30.02 27.51 21.20 18.81 17.15 21.13 24.86 24.861
Equity Multiplier 1.57 1.57 1.55 1.46 1.46 1.55 1.51 1.48 1.50 1.54 1.53 1.45 1.41 1.42 1.40 1.37 1.36 1.42 1.36 1.37 1.372
Cash Ratio snapshot only 3.939
Debt Service Coverage snapshot only 26.278
Cash to Debt snapshot only 3.622
FCF to Debt snapshot only 0.678
Defensive Interval snapshot only 1325.1 days
Efficiency & Turnover
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Asset Turnover 0.42 0.41 0.40 0.40 0.40 0.34 0.34 0.37 0.39 0.38 0.40 0.41 0.40 0.37 0.34 0.31 0.30 0.29 0.31 0.33 0.325
Inventory Turnover 18.57 56.56 55.33 56.83 16.32 54.96 89.11 88.74 40.69 140.75 — — — — — — — — — — —
Receivables Turnover 9.37 7.68 14.34 16.27 13.37 6.86 10.85 13.02 15.20 8.50 12.58 13.79 15.04 8.70 12.74 12.19 11.84 6.92 12.59 10.84 10.835
Payables Turnover 7.96 8.74 14.24 13.43 7.69 7.56 12.38 11.43 8.33 7.67 12.19 12.28 10.50 7.99 10.27 10.38 8.90 7.30 12.54 12.22 12.223
DSO 39 48 25 22 27 53 34 28 24 43 29 26 24 42 29 30 31 53 29 34 33.7 days
DIO 20 6 7 6 22 7 4 4 9 3 0 0 0 0 0 0 0 0 0 0 0.0 days
DPO 46 42 26 27 47 48 29 32 44 48 30 30 35 46 36 35 41 50 29 30 29.9 days
Cash Conversion Cycle 13 12 6 2 2 12 8 0 -11 -2 -1 -3 -10 -4 -7 -5 -10 3 -0 4 3.8 days
Fixed Asset Turnover snapshot only 42.676
Cash Velocity snapshot only 0.665
Capital Intensity snapshot only 3.276
Growth (YoY)
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Revenue 2.5% 6.9% 1.3% -2.3% -4.1% -13.9% -12.6% -2.1% 11.2% 25.1% 33.5% 28.5% 18.6% 9.0% -3.2% -14.5% -18.7% -14.5% -1.9% 13.9% 13.88%
Net Income -48.0% 5.6% 4.1% 2.3% 1.8% -17.0% -11.2% 7.7% 35.9% 46.1% 48.0% 43.7% 19.3% 22.8% 7.1% -28.0% -36.6% -43.9% -24.9% 15.3% 15.28%
EPS -48.3% 5.5% 4.1% 2.3% 1.8% -17.2% -11.7% 6.8% 34.5% 44.8% 46.3% 42.4% 18.7% 22.5% 6.6% -28.4% -37.1% -44.6% -25.5% 14.4% 14.41%
FCF -0.4% -19.4% -26.5% -8.9% 0.9% 3.4% -11.4% 17.2% 7.7% 26.8% 1.0% 21.9% 45.2% 7.4% -25.4% -22.5% -40.6% -8.8% -4.5% 27.1% 27.10%
EBITDA -5.2% 20.1% 10.0% 7.0% 11.4% -23.5% -19.9% -5.7% 11.9% 39.9% 47.0% 41.3% 21.0% 16.6% 0.9% -26.7% -35.3% -40.3% -21.0% 4.3% 4.34%
Op. Income 0.1% 51.8% 39.0% 23.8% 21.9% -19.2% -16.0% 10.6% 40.4% 70.1% 76.8% 51.6% 22.3% 20.4% 2.0% -24.7% -36.5% -49.2% -33.1% -5.0% -4.97%
OCF Growth snapshot only 25.96%
Asset Growth snapshot only 14.10%
Equity Growth snapshot only 13.95%
Debt Growth snapshot only 0.08%
Shares Change snapshot only 0.76%
Dividend Growth snapshot only -1.00%
Growth (CAGR)
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Revenue 3Y 13.6% 17.1% 14.9% 9.8% 4.9% -0.8% -2.3% 0.1% 3.0% 4.8% 5.7% 7.1% 8.1% 5.5% 4.1% 2.5% 2.3% 5.3% 8.2% 7.8% 7.76%
Revenue 5Y 8.2% 10.3% 11.0% 10.6% 9.5% 7.9% 7.0% 8.4% 9.3% 11.6% 12.1% 10.7% 8.8% 5.9% 3.8% 2.0% 1.0% 1.4% 2.3% 3.7% 3.68%
EPS 3Y -20.3% 25.2% 26.9% 29.9% 24.8% 17.2% 15.1% 16.8% 25.1% 98.4% 87.1% 71.8% 65.1% 13.7% 11.3% 2.9% 0.1% -0.6% 5.1% 5.3% 5.27%
EPS 5Y -6.5% 12.0% 14.2% 16.9% 18.5% 11.2% 9.5% 12.7% 13.9% 18.6% 21.4% 27.2% 25.4% 23.3% 18.9% 10.2% 7.9% 39.6% 39.1% 32.9% 32.92%
Net Income 3Y -19.2% 26.6% 28.2% 31.0% 25.7% 18.0% 15.8% 17.4% 25.8% 1.0% 88.1% 72.7% 66.0% 14.2% 12.0% 3.7% 0.9% 0.2% 6.0% 6.1% 6.07%
Net Income 5Y -13.4% 12.4% 15.7% 18.3% 20.2% 12.5% 10.8% 14.0% 15.1% 19.8% 22.6% 28.3% 26.3% 24.1% 19.7% 10.9% 8.5% 40.8% 39.9% 33.7% 33.74%
EBITDA 3Y 28.2% 35.3% 43.6% 35.7% 24.6% 1.4% -3.3% 0.1% 5.7% 8.7% 9.0% 12.5% 14.7% 7.7% 5.9% -0.8% -4.3% -0.9% 5.4% 2.6% 2.63%
EBITDA 5Y 9.2% 12.4% 15.3% 17.8% 19.6% 31.5% 21.7% 21.6% 21.3% 21.6% 28.4% 27.2% 21.2% 11.2% 6.0% 0.8% -1.6% -2.2% 0.6% 1.8% 1.75%
Gross Profit 3Y 13.3% 17.4% 15.8% 11.9% 6.8% 1.4% 0.2% 3.1% 7.2% 8.9% 10.1% 11.2% 12.1% 9.2% 7.2% 4.8% 4.3% 6.5% 9.1% 7.6% 7.62%
Gross Profit 5Y 7.4% 10.3% 11.1% 11.1% 10.5% 8.8% 8.2% 10.0% 11.6% 13.6% 14.4% 13.9% 11.7% 9.0% 6.7% 4.1% 3.0% 3.3% 4.2% 5.3% 5.27%
Op. Income 3Y 0.2% 14.6% 16.6% 17.9% 14.3% 4.4% 4.5% 10.0% 19.6% 27.8% 27.3% 27.5% 27.9% 18.3% 14.9% 8.1% 2.9% 1.3% 6.5% 2.7% 2.74%
Op. Income 5Y -0.7% 7.7% 10.1% 11.3% 12.4% 6.3% 4.9% 9.3% 11.5% 15.7% 18.7% 22.4% 20.7% 18.4% 15.5% 8.7% 5.9% 5.0% 7.1% 8.2% 8.21%
FCF 3Y 12.7% 15.3% 10.7% 5.0% -6.6% -5.3% -12.8% 1.9% 2.6% 1.8% 9.8% 9.2% 16.4% 12.1% 10.3% 3.4% -2.4% 7.5% 13.1% 6.3% 6.27%
FCF 5Y 6.9% 6.9% 10.2% 12.4% 15.6% 7.7% 2.1% 9.4% 9.2% 15.0% 19.5% 10.6% 4.9% 2.9% 0.1% 0.0% -1.4% 0.7% -1.2% 5.1% 5.08%
OCF 3Y 12.8% 14.5% 9.8% 4.3% -6.3% -5.3% -12.2% 1.6% 2.0% 0.6% 8.1% 7.4% 14.1% 10.5% 8.9% 2.9% -2.8% 6.6% 12.1% 5.9% 5.93%
OCF 5Y 7.5% 7.2% 9.7% 11.6% 14.4% 7.2% 2.3% 9.0% 8.4% 13.6% 17.9% 9.4% 4.5% 2.3% -0.4% -0.2% -1.7% 0.1% -1.6% 4.2% 4.18%
Assets 3Y 5.3% 5.4% 1.2% 1.8% -1.1% 4.4% 5.0% 6.4% 6.8% 7.3% 8.4% 9.5% 12.8% 12.0% 11.7% 12.6% 12.9% 11.3% 11.8% 12.1% 12.14%
Assets 5Y 0.8% 4.9% 5.8% 5.5% 5.1% 6.1% 7.3% 7.6% 8.6% 8.7% 6.2% 7.3% 5.5% 7.5% 8.1% 8.3% 7.7% 7.9% 8.3% 9.7% 9.69%
Equity 3Y 10.1% 12.1% 11.6% 11.9% 11.5% 12.0% 11.3% 12.1% 13.0% 16.7% 16.0% 16.3% 16.7% 15.7% 15.4% 15.1% 15.4% 14.5% 15.6% 15.0% 14.97%
Book Value 3Y 8.5% 10.7% 10.4% 10.9% 10.8% 11.2% 10.7% 11.5% 12.4% 15.5% 15.4% 15.7% 16.1% 15.2% 14.6% 14.2% 14.5% 13.7% 14.7% 14.1% 14.10%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Revenue Stability 0.85 0.85 0.86 0.88 0.82 0.59 0.49 0.64 0.78 0.69 0.67 0.78 0.84 0.59 0.44 0.35 0.27 0.31 0.37 0.39 0.387
Earnings Stability 0.16 0.06 0.12 0.25 0.25 0.29 0.30 0.45 0.46 0.56 0.62 0.75 0.79 0.77 0.75 0.58 0.48 0.39 0.55 0.54 0.539
Margin Stability 0.98 0.98 0.98 0.98 0.98 0.97 0.97 0.96 0.95 0.96 0.95 0.94 0.94 0.94 0.94 0.95 0.95 0.95 0.95 0.96 0.958
Rev. Growth Consistency 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.50 0.500
Earn. Growth Consistency 0.00 0.50 0.50 0.50 0.50 0.00 0.00 1.00 1.00 0.50 0.50 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.50 0.500
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence 0.81 0.50 0.50 0.50 0.50 0.93 0.96 0.97 0.86 0.82 0.81 0.83 0.92 0.91 0.97 0.89 0.85 0.82 0.90 0.94 0.939
Earnings Smoothness 0.37 0.00 0.00 0.00 0.05 0.81 0.88 0.93 0.70 0.63 0.61 0.64 0.82 0.80 0.93 0.67 0.55 0.44 0.72 0.86 0.858
ROE Trend -0.05 0.09 0.08 0.06 0.05 0.02 0.03 0.04 0.06 0.01 0.01 0.02 0.01 0.02 0.00 -0.04 -0.07 -0.07 -0.05 -0.03 -0.027
Gross Margin Trend 0.01 0.02 0.03 0.02 0.02 0.03 0.03 0.04 0.07 0.05 0.05 0.04 0.03 0.04 0.02 0.00 -0.02 -0.02 -0.03 -0.02 -0.020
FCF Margin Trend -0.06 -0.08 -0.09 -0.03 0.01 0.01 -0.04 0.04 -0.00 0.03 0.12 0.01 0.05 -0.00 -0.02 -0.03 -0.06 0.02 -0.05 0.02 0.016
Sustainable Growth Rate 5.6% 17.4% 16.4% 15.1% 14.2% 12.4% 12.7% 11.7% 14.3% 13.5% 14.1% 17.4% 16.9% 16.5% 14.9% 8.8% 7.3% 6.2% 7.9% 11.1% 11.09%
Internal Growth Rate 3.5% 11.0% 10.7% 10.5% 10.4% 8.7% 9.1% 8.6% 10.7% 9.6% 10.2% 13.5% 13.1% 12.6% 11.4% 6.6% 5.6% 4.6% 6.0% 8.8% 8.80%
Cash Flow Quality
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
OCF/Net Income 3.37 0.99 0.97 1.10 1.17 1.22 0.98 1.18 0.92 1.03 1.28 0.99 1.10 0.89 0.89 1.08 1.05 1.47 1.16 1.18 1.176
FCF/OCF 0.91 0.93 0.93 0.94 0.94 0.94 0.92 0.95 0.95 0.97 0.97 0.97 0.97 0.97 0.97 0.95 0.95 0.96 0.95 0.96 0.961
FCF/Net Income snapshot only 1.131
OCF/EBITDA snapshot only 0.897
CapEx/Revenue 2.3% 1.7% 1.6% 1.6% 1.6% 1.8% 1.8% 1.5% 1.2% 1.0% 0.9% 0.9% 0.9% 0.9% 0.9% 1.3% 1.2% 1.2% 1.4% 1.1% 1.14%
CapEx/Depreciation snapshot only 0.647
Accruals Ratio -0.08 0.00 0.00 -0.01 -0.02 -0.02 0.00 -0.02 0.01 -0.00 -0.03 0.00 -0.01 0.01 0.01 -0.01 -0.00 -0.03 -0.01 -0.01 -0.014
Sloan Accruals snapshot only 0.057
Cash Flow Adequacy snapshot only 25.727
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.5% 0.5% 0.4% 0.4% 0.0% 0.0% 0.0% 0.0% 0.6% 0.6% 0.6% 0.5% 0.0% 1.05%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.41 $0.41 $0.41 $0.40 $0.00 $0.00 $0.00 $0.00 $0.47 $0.47 $0.46 $0.46 $0.00 $0.99
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 17.4% 14.3% 14.4% 13.7% 0.0% 0.0% 0.0% 0.0% 19.5% 21.9% 24.3% 19.8% 0.0% 0.00%
FCF Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 15.5% 16.3% 14.5% 11.0% 0.0% 0.0% 0.0% 0.0% 19.1% 22.0% 17.2% 18.0% 0.0% 0.00%
Total Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 17.4% 14.3% 14.4% 13.7% 0.0% 0.0% 0.0% 0.0% 19.5% 21.9% 24.3% 19.8% 0.0% 0.00%
Div. Increase Streak — — — — — — — 0 0 0 0 — — — — 0 0 0 0 — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield -0.2% -0.3% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% -0.05%
Total Shareholder Return -0.2% -0.3% -0.2% -0.2% -0.2% -0.2% -0.2% 0.3% 0.3% 0.2% 0.2% -0.2% -0.2% -0.2% -0.1% 0.5% 0.5% 0.5% 0.5% -0.1% -0.05%
DuPont Factors
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Tax Burden (NI/EBT) 0.42 0.97 0.94 0.92 0.87 0.92 0.94 0.89 0.89 0.84 0.83 0.85 0.86 0.85 0.86 0.86 0.87 0.87 0.85 0.84 0.840
Interest Burden (EBT/EBIT) 0.90 0.93 0.94 0.95 0.95 0.95 0.95 0.96 0.96 0.96 0.96 0.97 0.97 0.97 0.96 0.95 0.95 0.94 0.95 0.96 0.960
EBIT Margin 0.21 0.27 0.27 0.27 0.29 0.27 0.27 0.30 0.34 0.34 0.34 0.35 0.35 0.37 0.36 0.30 0.28 0.25 0.28 0.31 0.308
Asset Turnover 0.42 0.41 0.40 0.40 0.40 0.34 0.34 0.37 0.39 0.38 0.40 0.41 0.40 0.37 0.34 0.31 0.30 0.29 0.31 0.33 0.325
Equity Multiplier 1.67 1.76 1.70 1.59 1.51 1.56 1.53 1.47 1.48 1.54 1.52 1.46 1.45 1.48 1.46 1.41 1.39 1.42 1.38 1.37 1.371
Per Share
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
EPS (Diluted TTM) $0.75 $2.35 $2.28 $2.19 $2.11 $1.95 $2.02 $2.34 $2.84 $2.82 $2.95 $3.33 $3.37 $3.45 $3.15 $2.38 $2.12 $1.91 $2.35 $2.73 $2.73
Book Value/Share $13.82 $14.73 $15.06 $15.55 $15.87 $16.57 $16.82 $17.63 $18.46 $19.28 $19.58 $20.80 $21.65 $22.51 $22.69 $23.16 $23.84 $24.33 $25.40 $26.19 $24.61
Tangible Book/Share $-0.13 $1.03 $1.39 $1.94 $2.31 $3.18 $3.45 $4.25 $5.14 $5.98 $6.27 $7.41 $8.16 $9.13 $9.28 $9.82 $10.49 $10.41 $11.52 $12.27 $12.27
Revenue/Share $9.29 $9.73 $9.54 $9.22 $8.91 $8.35 $8.30 $8.97 $9.80 $10.36 $10.95 $11.42 $11.56 $11.26 $10.56 $9.70 $9.32 $9.52 $10.28 $10.96 $9.63
FCF/Share $2.31 $2.15 $2.07 $2.26 $2.33 $2.22 $1.82 $2.63 $2.49 $2.79 $3.66 $3.17 $3.59 $2.98 $2.72 $2.44 $2.12 $2.69 $2.58 $3.08 $2.72
OCF/Share $2.53 $2.32 $2.22 $2.41 $2.48 $2.37 $1.98 $2.76 $2.61 $2.89 $3.77 $3.28 $3.69 $3.09 $2.81 $2.57 $2.23 $2.81 $2.72 $3.21 $2.84
Cash/Share $4.29 $5.48 $6.10 $5.96 $6.41 $7.50 $7.63 $8.17 $9.52 $11.09 $11.85 $11.76 $12.41 $13.33 $13.95 $13.30 $13.55 $15.16 $15.80 $16.48 $15.34
EBITDA/Share $3.22 $3.91 $3.74 $3.62 $3.59 $2.98 $2.98 $3.38 $3.97 $4.14 $4.33 $4.74 $4.78 $4.81 $4.36 $3.45 $3.07 $2.84 $3.42 $3.57 $3.57
Debt/Share $3.46 $3.46 $3.47 $3.47 $3.47 $3.46 $3.46 $3.45 $4.63 $4.62 $4.61 $4.61 $4.61 $4.61 $4.59 $4.58 $4.58 $4.57 $4.56 $4.55 $4.55
Net Debt/Share $-0.83 $-2.02 $-2.63 $-2.49 $-2.94 $-4.03 $-4.17 $-4.72 $-4.89 $-6.46 $-7.25 $-7.16 $-7.80 $-8.71 $-9.36 $-8.72 $-8.97 $-10.60 $-11.24 $-11.93 $-11.93
Academic Models
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — 6.983
Altman Z-Prime snapshot only 14.091
Piotroski F-Score 6 7 8 8 7 6 5 5 6 6 7 6 7 7 5 5 5 4 4 6 6
Beneish M-Score -3.14 -2.34 -2.10 -2.39 -2.94 -2.76 -2.50 -2.24 -1.94 -2.26 -2.36 -2.35 -2.54 -2.50 -2.76 -2.69 -2.42 -2.45 -2.12 -1.88 -1.879
Ohlson O-Score snapshot only -10.899
ROIC (Greenblatt) snapshot only 21.69%
Net-Net WC snapshot only $9.79
EVA snapshot only $746417656.19
Credit
Metric Trend Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Current
Credit Rating snapshot only AA+
Credit Score 87.62 94.43 92.31 92.66 93.10 91.19 86.96 92.62 88.06 89.99 89.55 92.33 92.07 92.61 90.36 91.89 92.32 90.84 92.37 92.70 92.697
Credit Grade snapshot only 2
Credit Trend snapshot only 0.802
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 83
Sector Credit Rank snapshot only 86

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms