— Know what they know.
Not Investment Advice
Also trades as: BEAN.SW (SIX) · $vol 21M · 0QMR.L (LSE) · $vol 6M

BLHWF OTC

BELIMO Holding AG
1W: +0.0% 1M: -23.1% 3M: -23.1% YTD: -6.4% 1Y: -4.2% 3Y: +101.2% 5Y: +86.8%
$922.80
+0.00 (+0.00%)
 
OTC · Industrials · Industrial - Machinery · Tech Score Strong Sell · Power 39 · $11.4B mcap · 12M float · 0.0000% daily turnover · Short 94% 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: 1Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$—
Analysts0

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
78
Balance Sheet
84
Earnings Quality
83
Growth
83
Value
—
Momentum
92
Safety
—
Cash Flow
56

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
5/9
✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓
Beneish M-Score
-1.39
Possible Manipulator
Ohlson O-Score
-10.46
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA-
Score: 82.8/100
Trend: Stable
Earnings Quality
100/100
OCF/NI: 1.00x
Accruals: -0.1%
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. BLHWF 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. BLHWF's score of -1.39 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. BLHWF'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. BLHWF receives an estimated rating of AA- (score: 82.8/100), 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). BLHWF'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
48.35x
PEG
2.39x
P/S
8.03x
P/B
15.91x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$186.59
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 48.4x earnings, BLHWF is priced for high growth expectations. Graham's intrinsic value formula yields $186.59 per share, 395% 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
0.819
NI / EBT
×
Interest Burden
0.984
EBT / EBIT
×
EBIT Margin
0.206
EBIT / Rev
×
Asset Turnover
2.666
Rev / Assets
×
Equity Multiplier
1.495
Assets / Equity
=
ROE
66.1%
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. BLHWF's ROE of 66.1% is driven by Asset Turnover (2.666), 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
15.00%
Fair P/E
38.50x
Intrinsic Value
$1174.57
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 BLHWF's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BLHWF actually compounded EPS at 23.2% 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. BLHWF trades at a premium to its adjusted intrinsic value of $1174.57, 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 48.4x.

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
$922.80
Median 1Y
$0.11
5th Pctile
$0.00
95th Pctile
$119.50
Ann. Volatility
439.6%
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 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 36.7% 43.2% 39.2% 42.9% 40.5% 44.7% 45.0% 46.9% 44.7% 48.5% 39.7% 48.7% 47.2% 51.1% 49.9% 56.2% 51.5% 62.9% 57.0% 66.1% 66.11%
ROA 28.8% 32.8% 32.5% 33.3% 33.3% 35.4% 37.9% 37.7% 37.3% 38.1% 32.5% 37.8% 38.0% 39.0% 39.8% 42.4% 39.5% 45.8% 42.2% 44.2% 44.21%
ROIC 50.2% 50.9% 48.7% 51.7% 58.1% 56.4% 61.7% 62.2% 64.6% 63.5% 59.7% 57.3% 58.1% 58.8% 59.3% 72.8% 59.8% 77.0% 59.5% 50.8% 50.76%
ROCE 40.6% 45.5% 41.5% 44.3% 44.0% 48.0% 39.2% 37.7% 29.5% 24.8% 23.9% 28.2% 27.7% 31.2% 33.9% 45.2% 47.2% 65.0% 58.8% 68.2% 68.23%
Gross Margin 58.7% 59.1% 58.6% 59.2% 58.0% 59.8% 27.0% 26.2% 25.6% 29.6% 27.5% 28.3% 28.0% 29.3% 26.8% 61.3% 61.9% 61.6% 29.3% 32.2% 32.16%
Operating Margin 15.4% 17.0% 14.9% 18.3% 15.9% 18.8% 16.6% 16.5% 16.2% 19.7% 18.3% 18.4% 17.6% 18.9% 12.0% 33.6% 4.7% 35.4% 5.7% 22.5% 22.55%
Net Margin 12.3% 13.3% 13.4% 14.6% 12.2% 15.0% 20.1% 12.3% 14.0% 16.6% 13.6% 14.7% 14.3% 14.5% 17.5% 16.3% 14.8% 18.0% 14.4% 18.5% 18.47%
EBITDA Margin 18.5% 21.1% 18.0% 22.0% 18.6% 22.9% 13.1% 10.6% 12.7% 14.0% 13.6% 11.5% 12.9% 11.4% 18.6% 23.4% 21.9% 26.2% 21.7% 25.8% 25.81%
FCF Margin 11.6% 11.6% 12.5% 12.5% 13.0% 13.2% 13.8% 12.7% 13.5% 14.2% 14.1% 12.2% 10.1% 9.8% 9.8% 12.3% 13.4% 12.8% 11.5% 9.2% 9.16%
OCF Margin 15.6% 14.9% 15.5% 15.3% 16.0% 16.6% 17.9% 17.3% 18.4% 18.9% 19.4% 18.1% 16.4% 16.3% 15.7% 17.5% 19.5% 19.4% 18.4% 16.6% 16.62%
ROE 3Y Avg snapshot only 53.80%
ROE 5Y Avg snapshot only 48.93%
ROA 3Y Avg snapshot only 37.76%
ROIC 3Y Avg snapshot only 51.11%
ROIC Economic snapshot only 46.61%
Cash ROA snapshot only 36.91%
Cash ROIC snapshot only 57.74%
CROIC snapshot only 31.84%
NOPAT Margin snapshot only 14.61%
Pretax Margin snapshot only 20.25%
R&D / Revenue snapshot only 0.73%
SGA / Revenue snapshot only 16.27%
SBC / Revenue snapshot only 0.18%
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 — — — — — — — — — — — — — — — — — — — — 48.352
P/S Ratio — — — — — — — — — — — — — — — — — — — — 8.033
P/B Ratio — — — — — — — — — — — — — — — — — — — — 15.911
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 2.388
Graham Number snapshot only $186.59
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 4.99 4.02 5.12 4.29 4.90 3.64 4.82 3.54 4.61 3.48 3.57 2.82 3.10 2.53 3.44 2.72 2.86 2.38 2.45 1.81 1.811
Quick Ratio 3.49 2.78 3.51 2.99 3.52 2.60 3.49 2.37 3.26 2.41 2.46 1.70 1.78 1.45 2.09 1.68 1.81 1.48 1.44 1.12 1.123
Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.04 0.03 0.04 0.04 0.05 0.08 0.21 0.209
Net Debt/Equity -0.28 -0.22 -0.27 -0.26 -0.35 -0.26 -0.31 -0.23 -0.31 -0.24 -0.31 -0.16 -0.20 -0.10 -0.18 -0.11 -0.19 -0.09 -0.09 0.04 0.044
Debt/Assets 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.01 0.03 0.02 0.03 0.03 0.03 0.05 0.13 0.128
Debt/EBITDA 0.00 0.00 0.01 0.01 0.01 0.05 0.05 0.06 0.06 0.08 0.05 0.05 0.05 0.10 0.06 0.06 0.07 0.06 0.10 0.24 0.239
Net Debt/EBITDA -0.52 -0.38 -0.51 -0.47 -0.63 -0.43 -0.62 -0.47 -0.75 -0.63 -0.88 -0.38 -0.49 -0.23 -0.42 -0.20 -0.33 -0.11 -0.11 0.05 0.050
Interest Coverage — — — — — — — — — — — 223.45 115.67 35.94 52.03 25.07 86.61 1113.40 204.06 367.90 367.901
Equity Multiplier 1.22 1.24 1.19 1.23 1.21 1.28 1.19 1.26 1.19 1.27 1.26 1.32 1.29 1.36 1.25 1.33 1.32 1.39 1.44 1.63 1.633
Cash Ratio snapshot only 0.307
Debt Service Coverage snapshot only 430.435
Cash to Debt snapshot only 0.790
FCF to Debt snapshot only 1.589
Defensive Interval snapshot only 225.7 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 2.35 2.49 2.47 2.48 2.49 2.56 2.44 2.53 2.43 2.42 2.29 2.56 2.57 2.72 2.61 2.71 2.51 2.74 2.65 2.67 2.666
Inventory Turnover 5.40 5.46 5.23 5.35 5.67 5.64 6.60 7.31 8.64 9.33 9.02 8.21 8.21 8.70 8.79 7.32 5.78 5.40 5.42 6.50 6.497
Receivables Turnover 14.52 12.57 14.76 12.45 15.14 12.38 15.51 13.52 16.08 11.93 15.27 13.15 16.82 13.12 16.31 12.39 15.19 12.55 15.50 11.81 11.809
Payables Turnover 27.32 19.78 29.76 20.22 28.98 20.41 39.99 27.65 47.21 36.70 50.29 32.35 51.12 42.30 51.94 30.97 29.81 21.34 23.66 22.06 22.061
DSO 25 29 25 29 24 29 24 27 23 31 24 28 22 28 22 29 24 29 24 31 30.9 days
DIO 68 67 70 68 64 65 55 50 42 39 40 44 44 42 42 50 63 68 67 56 56.2 days
DPO 13 18 12 18 13 18 9 13 8 10 7 11 7 9 7 12 12 17 15 17 16.5 days
Cash Conversion Cycle 79 77 82 79 76 76 70 64 57 60 57 61 59 61 57 68 75 80 76 71 70.5 days
Fixed Asset Turnover snapshot only 6.383
Operating Cycle snapshot only 87.1 days
Cash Velocity snapshot only 21.938
Capital Intensity snapshot only 0.450
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 6.3% 10.3% 12.7% 14.5% 18.8% 20.0% 19.8% 15.3% 10.7% 7.2% 6.8% 12.0% 19.1% 21.1% 19.6% 16.9% 11.8% 14.3% 21.1% 28.4% 28.43%
Net Income -2.9% 18.4% 19.3% 23.1% 29.9% 26.4% 40.7% 27.9% 26.9% 22.2% -2.3% 10.7% 14.8% 9.9% 28.3% 23.9% 19.0% 33.4% 26.4% 36.2% 36.18%
EPS -3.0% 18.4% 19.2% 23.0% 29.9% 26.3% 40.7% 27.9% 26.9% 22.2% -2.3% 10.7% 14.8% 9.9% 28.3% 23.9% 19.0% 33.4% 26.5% 36.1% 36.11%
FCF 1.1% 1.5% 1.3% 45.2% 32.8% 37.0% 31.8% 17.2% 14.8% 15.2% 9.4% 7.8% -10.3% -16.0% -17.3% 17.6% 47.2% 48.6% 42.0% -4.3% -4.32%
EBITDA 3.8% 14.0% 16.4% 18.5% 22.5% 23.7% 16.5% -5.6% -17.0% -33.9% -28.8% -11.5% 3.2% 17.7% 26.4% 50.6% 63.1% 1.1% 1.1% 85.7% 85.68%
Op. Income -0.6% 12.0% 15.2% 19.5% 25.3% 26.0% 29.7% 19.1% 14.2% 8.8% 8.8% 20.0% 28.8% 27.9% 13.0% 34.3% 5.9% 39.8% 43.6% 9.4% 9.42%
OCF Growth snapshot only 22.22%
Asset Growth snapshot only 50.06%
Equity Growth snapshot only 21.98%
Debt Growth snapshot only 5.88%
Shares Change snapshot only 0.05%
Dividend Growth snapshot only 14.33%
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 — — — — — 75.8% 41.3% 23.3% 11.8% 12.4% 13.0% 13.9% 16.1% 15.9% 15.2% 14.7% 13.8% 14.1% 15.6% 18.9% 18.94%
Revenue 5Y — — — — — — — — — — — — — 47.8% 29.2% 19.7% 13.2% 14.5% 15.9% 17.3% 17.30%
EPS 3Y — — — — — 74.2% 48.7% 27.7% 16.9% 22.3% 17.9% 20.3% 23.7% 19.3% 20.8% 20.6% 20.1% 21.4% 16.6% 23.2% 23.15%
EPS 5Y — — — — — — — — — — — — — 48.0% 32.7% 23.3% 16.9% 21.8% 21.6% 24.1% 24.06%
Net Income 3Y — — — — — 74.6% 49.0% 27.8% 17.0% 22.3% 17.9% 20.4% 23.7% 19.3% 20.8% 20.6% 20.1% 21.4% 16.6% 23.2% 23.17%
Net Income 5Y — — — — — — — — — — — — — 48.2% 32.9% 23.4% 16.9% 21.8% 21.6% 24.1% 24.09%
EBITDA 3Y — — — — — 73.7% 39.0% 14.6% 1.8% -2.3% -1.2% -0.4% 1.6% -1.3% 1.6% 7.9% 11.8% 18.2% 23.4% 35.3% 35.27%
EBITDA 5Y — — — — — — — — — — — — — 32.5% 19.3% 15.0% 12.2% 18.4% 20.6% 22.6% 22.57%
Gross Profit 3Y — — — — — 75.7% 34.7% 10.8% -5.8% -12.9% -12.3% -11.0% -8.8% -9.1% -9.9% -1.7% 4.6% 10.9% 17.0% 20.9% 20.90%
Gross Profit 5Y — — — — — — — — — — — — — 27.6% 11.5% 9.0% 7.7% 12.7% 13.6% 11.3% 11.34%
Op. Income 3Y — — — — — 73.5% 42.0% 22.9% 12.5% 15.4% 17.6% 19.5% 22.6% 20.6% 16.8% 24.3% 15.9% 24.9% 20.9% 20.8% 20.83%
Op. Income 5Y — — — — — — — — — — — — — 48.7% 28.6% 24.5% 14.2% 22.4% 21.4% 20.2% 20.21%
FCF 3Y — — — — — 81.0% 71.6% 58.3% 47.0% 57.8% 48.2% 22.4% 11.0% 9.8% 6.0% 14.1% 14.8% 12.9% 8.7% 6.6% 6.63%
FCF 5Y — — — — — — — — — — — — — 41.8% 35.5% 38.1% 33.2% 37.4% 30.8% 15.6% 15.59%
OCF 3Y — — — — — 78.9% 50.2% 30.7% 20.0% 22.3% 24.3% 19.1% 18.1% 19.3% 15.9% 19.9% 21.4% 20.3% 16.7% 17.4% 17.42%
OCF 5Y — — — — — — — — — — — — — 48.8% 30.6% 24.2% 19.4% 21.1% 21.3% 18.4% 18.40%
Assets 3Y — — — — — 15.8% 17.6% 13.0% 11.2% 12.7% 15.9% 12.6% 14.1% 12.5% 10.4% 10.2% 12.9% 10.6% 14.2% 22.3% 22.29%
Assets 5Y — — — — — — — — — — — — — 12.4% 12.3% 12.0% 12.5% 12.9% 16.8% 18.6% 18.59%
Equity 3Y — — — — — 20.8% 20.8% 15.6% 15.6% 17.1% 14.9% 13.8% 12.2% 9.2% 8.7% 7.3% 9.7% 7.7% 7.0% 12.0% 12.03%
Book Value 3Y — — — — — 20.5% 20.6% 15.5% 15.5% 17.0% 14.9% 13.8% 12.2% 9.2% 8.6% 7.3% 9.7% 7.7% 7.1% 12.0% 12.01%
Dividend 3Y — — — — — 9.5% 9.5% 15.9% 16.0% 17.5% 17.5% 8.5% 8.5% 4.2% 4.3% 2.0% 2.0% 1.9% 1.9% 4.6% 4.56%
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 — 0.84 0.89 0.96 0.92 0.85 0.92 0.97 0.97 0.97 0.98 1.00 0.98 0.95 0.97 1.00 0.98 0.97 0.95 0.93 0.927
Earnings Stability — 0.90 0.94 1.00 0.67 0.92 0.98 0.99 0.85 0.95 0.92 0.99 0.93 0.95 0.95 0.99 0.95 0.96 0.94 0.94 0.936
Margin Stability — 0.99 1.00 0.99 1.00 0.99 0.93 0.85 0.78 0.69 0.70 0.69 0.65 0.63 0.64 0.70 0.70 0.64 0.66 0.73 0.735
Rev. Growth Consistency 0.50 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 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.00 1.00 1.00 1.00 0.50 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00 1.00 0.50 1.00 1.00 1.00 1.00 1.00 1.000
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 — 0.93 0.92 0.91 0.88 0.89 0.84 0.89 0.89 0.91 0.99 0.96 0.94 0.96 0.89 0.90 0.92 0.87 0.89 0.86 0.855
Earnings Smoothness 0.97 0.83 0.82 0.79 0.74 0.77 0.66 0.76 0.76 0.80 0.98 0.90 0.86 0.91 0.75 0.79 0.83 0.71 0.77 0.69 0.694
ROE Trend — 0.11 0.06 0.01 -0.00 0.01 0.05 0.06 0.07 0.07 0.01 0.06 0.06 0.06 0.09 0.08 0.05 0.10 0.09 0.10 0.095
Gross Margin Trend — -0.00 0.00 0.00 0.00 0.00 -0.08 -0.16 -0.24 -0.32 -0.28 -0.23 -0.19 -0.15 -0.11 0.02 0.14 0.26 0.25 0.13 0.125
FCF Margin Trend — 0.03 0.06 0.05 0.04 0.05 0.04 0.02 0.01 0.02 0.01 -0.00 -0.03 -0.04 -0.04 -0.00 0.02 0.01 -0.00 -0.03 -0.031
Sustainable Growth Rate 13.4% 16.9% 16.3% 16.0% 16.2% 16.2% 20.3% 11.0% 11.6% 7.5% 3.5% 5.6% 8.2% 6.5% 9.7% 13.6% 13.5% 19.4% 18.6% 24.0% 23.99%
Internal Growth Rate 11.8% 14.7% 15.6% 14.2% 15.3% 14.7% 20.6% 9.7% 10.7% 6.3% 3.0% 4.6% 7.1% 5.2% 8.4% 11.4% 11.6% 16.4% 15.9% 19.1% 19.11%
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 1.28 1.13 1.17 1.14 1.20 1.20 1.15 1.16 1.20 1.20 1.37 1.23 1.11 1.14 1.03 1.12 1.24 1.16 1.15 1.00 1.002
FCF/OCF 0.74 0.78 0.81 0.82 0.81 0.80 0.77 0.74 0.73 0.75 0.73 0.67 0.62 0.61 0.62 0.70 0.69 0.66 0.62 0.55 0.551
FCF/Net Income snapshot only 0.553
OCF/EBITDA snapshot only 0.690
CapEx/Revenue 4.0% 3.3% 2.9% 2.8% 3.1% 3.4% 4.1% 4.6% 5.0% 4.7% 5.3% 5.9% 6.3% 6.4% 6.0% 5.2% 6.1% 6.6% 6.9% 7.5% 7.45%
CapEx/Depreciation snapshot only 2.131
Accruals Ratio -0.08 -0.04 -0.06 -0.05 -0.07 -0.07 -0.06 -0.06 -0.08 -0.07 -0.12 -0.09 -0.04 -0.05 -0.01 -0.05 -0.09 -0.08 -0.07 -0.00 -0.001
Sloan Accruals snapshot only -0.069
Cash Flow Adequacy snapshot only 0.922
Earnings Quality Score snapshot only 1.000
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 — — — — — — — — — — — — — — — — — — — — 1.24%
Dividend/Share $6.50 $7.00 $7.00 $8.00 $8.00 $9.25 $9.25 $12.50 $12.50 $15.00 $15.00 $16.00 $16.00 $17.00 $17.00 $17.00 $17.00 $17.99 $18.01 $19.44 $10.00
Payout Ratio 63.4% 60.9% 58.4% 62.6% 60.1% 63.7% 54.9% 76.5% 74.0% 84.5% 91.2% 88.5% 82.5% 87.2% 80.5% 75.8% 73.7% 69.2% 67.4% 63.7% 63.71%
FCF Payout Ratio 66.8% 69.1% 61.5% 67.4% 61.9% 66.7% 61.7% 89.9% 84.3% 93.9% 91.5% 1.1% 1.2% 1.3% 1.3% 96.4% 86.9% 90.3% 93.5% 1.2% 1.15%
Total Payout Ratio 63.5% 61.0% 58.5% 62.7% 60.1% 63.7% 54.9% 76.5% 74.9% 85.4% 93.3% 90.6% 84.5% 89.1% 82.0% 77.1% 75.7% 71.0% 68.8% 66.6% 66.63%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
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) 0.82 0.82 0.82 0.82 0.82 0.82 0.92 0.93 0.94 0.94 0.83 0.83 0.82 0.82 0.90 0.90 0.89 0.88 0.82 0.82 0.819
Interest Burden (EBT/EBIT) 0.95 0.98 1.00 1.00 0.98 0.99 1.09 1.25 1.48 1.94 1.94 1.97 1.95 1.91 1.56 1.28 1.11 0.97 0.98 0.98 0.984
EBIT Margin 0.16 0.16 0.16 0.16 0.17 0.17 0.15 0.13 0.11 0.09 0.09 0.09 0.09 0.09 0.11 0.14 0.16 0.19 0.20 0.21 0.206
Asset Turnover 2.35 2.49 2.47 2.48 2.49 2.56 2.44 2.53 2.43 2.42 2.29 2.56 2.57 2.72 2.61 2.71 2.51 2.74 2.65 2.67 2.666
Equity Multiplier 1.28 1.32 1.21 1.29 1.22 1.26 1.19 1.24 1.20 1.27 1.22 1.29 1.24 1.31 1.25 1.32 1.30 1.37 1.35 1.50 1.495
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) $10.25 $11.50 $11.97 $12.77 $13.31 $14.52 $16.85 $16.33 $16.89 $17.74 $16.46 $18.09 $19.39 $19.49 $21.12 $22.41 $23.07 $26.00 $26.72 $30.51 $30.51
Book Value/Share $30.02 $29.64 $33.64 $33.64 $35.77 $35.33 $41.25 $36.09 $39.78 $37.76 $41.57 $38.17 $42.43 $38.59 $43.14 $41.60 $47.22 $44.10 $50.61 $50.72 $50.72
Tangible Book/Share $29.06 $28.69 $32.25 $32.33 $34.56 $34.21 $40.18 $35.05 $38.35 $36.31 $40.07 $36.76 $40.61 $36.77 $41.77 $39.79 $45.44 $42.23 $48.73 $48.86 $48.86
Revenue/Share $83.79 $87.47 $90.71 $94.89 $99.51 $104.89 $108.63 $109.41 $110.10 $112.48 $115.99 $122.57 $131.09 $136.26 $138.69 $143.33 $146.58 $155.71 $167.98 $183.99 $100.42
FCF/Share $9.74 $10.13 $11.37 $11.87 $12.92 $13.86 $14.98 $13.91 $14.83 $15.97 $16.39 $14.99 $13.29 $13.41 $13.56 $17.63 $19.57 $19.92 $19.26 $16.86 $7.28
OCF/Share $13.07 $13.05 $14.04 $14.53 $15.96 $17.39 $19.43 $18.89 $20.31 $21.23 $22.55 $22.21 $21.54 $22.16 $21.83 $25.02 $28.52 $30.26 $30.86 $30.57 $14.13
Cash/Share $8.44 $6.63 $9.20 $8.97 $12.62 $10.37 $14.03 $9.39 $13.41 $10.08 $13.77 $6.82 $9.09 $5.51 $9.17 $6.23 $11.16 $6.15 $8.19 $8.39 $8.38
EBITDA/Share $16.22 $17.42 $17.91 $18.99 $19.86 $21.53 $20.86 $17.91 $16.48 $14.24 $14.85 $15.85 $17.00 $16.76 $18.77 $23.87 $27.73 $35.52 $39.23 $44.31 $44.31
Debt/Share $0.00 $0.00 $0.12 $0.12 $0.12 $1.13 $1.12 $1.01 $1.03 $1.09 $0.78 $0.86 $0.79 $1.63 $1.21 $1.54 $2.06 $2.10 $3.80 $10.61 $10.61
Net Debt/Share $-8.44 $-6.63 $-9.08 $-8.85 $-12.50 $-9.23 $-12.92 $-8.39 $-12.38 $-8.99 $-13.00 $-5.96 $-8.30 $-3.88 $-7.97 $-4.68 $-9.09 $-4.05 $-4.40 $2.22 $2.22
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 — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 7 8 7 7 5 6 5 5 5 6 6 7 8 6 5 6 7 6 7 5 5
Beneish M-Score -2.77 -2.50 -2.38 -2.31 -2.58 -2.58 -1.76 -2.04 -1.80 -1.82 -2.95 -2.57 -2.38 -2.50 -2.65 -2.87 -3.26 -3.06 -2.23 -1.39 -1.393
Ohlson O-Score snapshot only -10.461
ROIC (Greenblatt) snapshot only 74.26%
Net-Net WC snapshot only $17.38
EVA snapshot only $265522163.66
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 AA-
Credit Score 80.00 80.00 80.25 80.25 80.25 80.25 80.25 80.25 80.25 80.25 80.25 82.75 82.75 82.75 82.75 82.75 82.75 82.75 82.75 82.75 82.750
Credit Grade snapshot only 4
Credit Trend snapshot only 0.000
Implied Spread (bps) snapshot only 100.000

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