— Know what they know.
Not Investment Advice
Also trades as: BSL.AX (ASX) · $vol 30M · BLSFF (OTC) · $vol 0M

BLSFY OTC

BlueScope Steel Limited
1W: -4.1% 1M: +2.6% 3M: -11.8% YTD: +41.0% 1Y: +43.1% 3Y: +80.4% 5Y: +52.6%
$107.10
+0.00 (+0.00%)
 
OTC · Basic Materials · Steel · Tech Score Sell · Power 50 · $9.4B mcap · 87M float · 0.0001% daily turnover · Short 26% 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

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.

B+
Oct 02, 2026
DCF
4
ROE
4
ROA
5
D/E
1
P/E
2
P/B
3
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. BLSFY receives an overall rating of B+. Strongest factors: DCF (4/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (2/5).
Rating Change History
DateFromTo
2026-10-01 A- B+
2026-08-18 B+ A-
2026-08-14 A- B+
2026-08-11 B+ A-
2026-06-30 None ADDED
2026-06-30 EXISTED None
2026-06-25 None ADDED
2026-06-23 EXISTED None
2026-06-18 None ADDED
2026-06-16 EXISTED None

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 B
Profitability
24
Balance Sheet
81
Earnings Quality
65
Growth
16
Value
—
Momentum
51
Safety
—
Cash Flow
31

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
4/9
✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗
Beneish M-Score
-1.97
Unlikely Manipulator
Ohlson O-Score
-10.10
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
A
Score: 74.0/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 3.61x
Accruals: -14.4%
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. BLSFY scores 4/9, 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. BLSFY's score of -1.97 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. BLSFY'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. BLSFY receives an estimated rating of A (score: 74.0/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BLSFY'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
16.73x
PEG
0.02x
P/S
0.80x
P/B
1.30x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$162.22
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 16.7x earnings, BLSFY trades at a reasonable valuation. Graham's intrinsic value formula yields $162.22 per share, suggesting a potential 51% margin of safety at the current price.

DuPont Decomposition (5-Factor)

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

Tax Burden
0.639
NI / EBT
×
Interest Burden
1.067
EBT / EBIT
×
EBIT Margin
0.039
EBIT / Rev
×
Asset Turnover
2.053
Rev / Assets
×
Equity Multiplier
1.525
Assets / Equity
=
ROE
8.4%
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. BLSFY's ROE of 8.4% is driven by Asset Turnover (2.053), 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
$85.14
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 BLSFY's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BLSFY trades at a premium to its adjusted intrinsic value of $85.14, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 16.7x.

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
$107.10
Median 1Y
$111.25
5th Pctile
$50.03
95th Pctile
$248.84
Ann. Volatility
48.4%
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 Q2'16 Q2'17 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 Q4'26 Current
ROE 6.6% 15.1% 21.7% 40.1% 45.8% 44.5% 38.6% 17.3% 12.3% 17.8% 35.0% 49.0% 50.6% 42.2% 27.0% 17.7% 13.0% 8.4% 7.9% 8.4% 8.41%
ROA 3.4% 8.0% 12.0% 22.8% 25.2% 24.8% 22.2% 9.9% 7.3% 10.4% 20.9% 28.4% 31.4% 26.3% 17.4% 11.2% 8.7% 5.6% 5.4% 5.5% 5.51%
ROIC 4.5% 13.3% 20.2% 32.1% 39.7% 40.4% 31.9% 19.2% 14.9% 21.9% 36.7% 43.6% 44.8% 39.7% 26.6% 23.3% 18.5% 17.6% 16.1% 11.9% 11.94%
ROCE 5.8% 12.5% 17.4% 23.2% 30.2% 29.2% 26.0% 20.6% 17.3% 22.4% 36.9% 45.9% 46.4% 42.0% 29.9% 22.1% 17.0% 12.5% 10.3% 9.8% 9.81%
Gross Margin 45.6% 46.7% 42.0% 41.8% 42.8% 13.3% 11.4% 10.8% 14.5% 21.9% 28.1% 21.5% 14.5% 14.5% 14.4% 39.6% 98.8% 12.1% 13.4% 13.8% 13.79%
Operating Margin 3.0% 11.1% 9.1% 12.0% 13.0% 7.3% 4.4% 2.9% 8.3% 16.3% 23.1% 15.2% 7.8% 7.0% 7.0% 15.0% 3.8% 4.4% 5.6% 6.5% 6.45%
Net Margin 4.5% 6.7% 8.4% 18.8% 9.8% 6.4% 3.2% -1.6% 5.7% 12.2% 17.4% 12.2% 6.4% 4.6% 5.1% 4.3% 2.3% -1.1% 4.7% 4.9% 4.89%
EBITDA Margin 7.3% 14.8% 12.5% 14.8% 16.2% 11.5% 9.5% 9.1% 12.9% 20.3% 26.5% 18.9% 12.3% 11.2% 12.2% 9.7% 8.3% 4.2% 9.9% 10.4% 10.44%
FCF Margin 1.7% 2.6% 3.4% 5.0% 6.7% 8.5% 7.6% 6.5% 5.7% 4.7% 6.7% 8.2% 8.7% 8.2% 7.2% 5.1% 3.0% 1.9% 1.4% 1.4% 1.40%
OCF Margin 5.8% 6.4% 7.1% 8.4% 9.8% 11.7% 11.0% 10.5% 10.4% 10.2% 12.0% 13.0% 13.2% 12.4% 11.8% 10.1% 8.9% 8.5% 8.7% 9.7% 9.69%
ROE 3Y Avg snapshot only 22.14%
ROE 5Y Avg snapshot only 23.39%
ROA 3Y Avg snapshot only 13.69%
ROIC 3Y Avg snapshot only 19.60%
ROIC Economic snapshot only 11.41%
Cash ROA snapshot only 19.46%
Cash ROIC snapshot only 29.25%
CROIC snapshot only 4.22%
NOPAT Margin snapshot only 3.96%
Pretax Margin snapshot only 4.20%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 5.77%
SBC / Revenue snapshot only 0.07%
Valuation
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 16.727
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.805
P/B Ratio — — — — — — — — — — — — — — — — — — — — 1.300
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.018
Graham Number snapshot only $162.22
Leverage & Solvency
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Current Ratio 1.23 1.63 1.81 1.72 1.89 1.75 1.85 1.81 1.89 1.87 2.07 1.66 1.98 1.95 2.12 1.97 2.10 1.96 2.14 1.92 1.918
Quick Ratio 0.63 0.81 0.99 0.98 0.99 1.04 1.05 1.05 1.12 1.16 1.13 0.88 1.07 1.04 1.07 0.94 0.95 0.94 1.04 1.00 1.001
Debt/Equity 0.41 0.22 0.20 0.14 0.14 0.14 0.19 0.20 0.18 0.15 0.14 0.13 0.13 0.08 0.07 0.07 0.07 0.08 0.14 0.17 0.171
Net Debt/Equity 0.31 0.11 0.05 -0.01 -0.02 -0.10 0.01 -0.01 -0.05 -0.10 -0.08 -0.04 -0.06 -0.07 -0.06 -0.03 -0.01 0.00 0.04 0.06 0.058
Debt/Assets 0.20 0.12 0.11 0.08 0.08 0.08 0.11 0.11 0.11 0.09 0.08 0.08 0.08 0.05 0.05 0.05 0.05 0.06 0.10 0.11 0.108
Debt/EBITDA 1.80 0.68 0.53 0.33 0.27 0.29 0.41 0.47 0.47 0.36 0.23 0.20 0.19 0.12 0.15 0.18 0.21 0.31 0.59 0.65 0.654
Net Debt/EBITDA 1.33 0.33 0.13 -0.02 -0.04 -0.21 0.01 -0.03 -0.12 -0.25 -0.13 -0.06 -0.09 -0.11 -0.12 -0.09 -0.02 0.01 0.18 0.22 0.222
Interest Coverage — — — — — 89.76 35.63 17.72 10.41 15.03 28.27 37.94 41.50 36.28 26.73 20.56 22.19 15.12 12.23 9.82 9.816
Equity Multiplier 2.05 1.92 1.80 1.71 1.66 1.70 1.70 1.77 1.71 1.72 1.66 1.70 1.55 1.52 1.46 1.46 1.44 1.48 1.46 1.59 1.591
Cash Ratio snapshot only 0.366
Debt Service Coverage snapshot only 20.453
Cash to Debt snapshot only 0.660
FCF to Debt snapshot only 0.261
Defensive Interval snapshot only 118.5 days
Efficiency & Turnover
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Asset Turnover 2.03 2.14 2.22 2.24 2.26 2.28 2.32 2.12 2.06 1.94 2.10 2.26 2.60 2.56 2.41 2.18 2.12 2.10 2.12 2.05 2.053
Inventory Turnover 6.13 6.13 6.29 6.88 6.88 8.27 9.43 9.84 9.98 9.38 8.37 8.84 10.97 10.92 9.62 8.14 6.34 6.40 6.50 7.14 7.139
Receivables Turnover 17.04 17.72 17.10 18.05 19.90 22.47 21.10 20.54 20.33 18.46 18.63 21.17 27.16 23.15 21.48 20.24 21.13 19.99 20.87 20.40 20.398
Payables Turnover 8.56 7.93 7.84 9.25 9.00 10.43 10.96 14.42 12.39 12.47 11.18 14.61 15.76 17.12 14.87 15.14 10.78 11.91 10.74 13.63 13.626
DSO 21 21 21 20 18 16 17 18 18 20 20 17 13 16 17 18 17 18 17 18 17.9 days
DIO 60 60 58 53 53 44 39 37 37 39 44 41 33 33 38 45 58 57 56 51 51.1 days
DPO 43 46 47 39 41 35 33 25 29 29 33 25 23 21 25 24 34 31 34 27 26.8 days
Cash Conversion Cycle 38 34 33 34 31 25 23 30 25 29 31 34 24 28 30 39 41 45 40 42 42.2 days
Fixed Asset Turnover snapshot only 4.074
Operating Cycle snapshot only 69.0 days
Cash Velocity snapshot only 28.211
Capital Intensity snapshot only 0.498
Growth (YoY)
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Revenue 49.9% 19.1% 21.2% 28.0% 36.4% 33.1% 27.4% 13.1% 0.8% 0.3% 13.2% 33.6% 52.1% 53.8% 30.9% 10.4% -4.5% -10.4% -9.5% -6.4% -6.40%
Net Income 4.6% 6.3% 34.7% 22.5% 7.9% 2.9% 1.3% -47.8% -68.1% -50.7% 17.2% 2.6% 4.2% 2.0% -4.8% -54.7% -67.3% -76.7% -68.1% -51.3% -51.27%
EPS 4.6% 6.2% 34.8% 23.2% 8.4% 3.3% 1.5% -41.5% -65.6% -48.6% 20.2% 2.7% 4.6% 2.2% 5.3% -50.8% -65.3% -75.4% -67.1% -50.7% -50.67%
FCF 3.2% 15.7% 14.4% 2.9% 4.4% 3.3% 1.9% 45.7% -14.3% -44.7% -0.0% 68.4% 1.4% 1.7% 40.5% -31.5% -67.0% -79.1% -83.0% -74.2% -74.18%
EBITDA 1.3% 1.6% 1.6% 1.9% 2.3% 1.1% 58.9% 5.3% -25.6% -2.9% 61.3% 1.3% 1.7% 98.9% -3.5% -38.4% -49.0% -55.4% -47.3% -32.4% -32.45%
Op. Income 36.9% 38.0% 6.8% 5.4% 6.0% 1.8% 76.3% -11.8% -48.7% -18.5% 74.5% 2.1% 3.1% 1.4% -14.1% -39.0% -49.3% -49.2% -29.8% -47.9% -47.94%
OCF Growth snapshot only -10.39%
Asset Growth snapshot only 4.60%
Equity Growth snapshot only -3.83%
Debt Growth snapshot only 1.45%
Shares Change snapshot only -1.21%
Dividend Growth snapshot only 1.51%
Growth (CAGR)
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Revenue 3Y — — — — — — 88.0% 48.6% 27.3% 16.7% 20.5% 24.6% 27.9% 27.1% 23.6% 18.6% 13.6% 11.4% 10.3% 11.4% 11.35%
Revenue 5Y — — — — — — — — — — — — — — 58.0% 37.1% 24.5% 17.0% 15.7% 14.9% 14.87%
EPS 3Y — — — — — — 15.2% — — — — 2.7% 1.6% 92.8% 47.0% 2.2% -12.3% -25.7% -25.4% -3.4% -3.41%
EPS 5Y — — — — — — — — — — — — — — 4.6% — — — — 66.5% 66.47%
Net Income 3Y — — — — — — 14.8% — — — — 2.5% 1.5% 77.9% 36.0% -5.3% -18.4% -30.2% -29.2% -7.5% -7.50%
Net Income 5Y — — — — — — — — — — — — — — 4.3% — — — — 57.6% 57.62%
EBITDA 3Y — — — — — — 1.9% 1.3% 77.8% 73.2% 88.6% 90.9% 88.0% 58.6% 35.3% 14.5% 1.2% -4.9% -6.4% -1.2% -1.23%
EBITDA 5Y — — — — — — — — — — — — — — 1.1% 77.4% 51.0% 35.7% 27.8% 23.7% 23.72%
Gross Profit 3Y — — — — — — 65.7% 17.0% -15.0% -17.5% -6.6% -0.6% 0.4% -3.5% -11.5% -7.9% 11.2% 16.9% 25.2% 32.1% 32.10%
Gross Profit 5Y — — — — — — — — — — — — — — 31.8% 19.1% 23.6% 15.7% 14.0% 9.0% 9.01%
Op. Income 3Y — — — — — — — — — 3.4% 1.9% 1.6% 1.4% 76.4% 38.3% 18.6% 2.0% 0.3% 1.7% -0.5% -0.50%
Op. Income 5Y — — — — — — — — — — — — — — — — — 1.6% 70.7% 41.1% 41.10%
FCF 3Y — — — — — — — — — — 2.5% 1.1% 1.2% 85.3% 59.4% 18.9% -12.7% -32.2% -37.9% -33.2% -33.22%
FCF 5Y — — — — — — — — — — — — — — — — — — 60.3% 11.1% 11.11%
OCF 3Y — — — — — — 2.9% 1.5% 1.0% 63.3% 70.1% 63.5% 68.1% 58.3% 46.0% 26.3% 10.2% -0.0% 2.1% 8.5% 8.47%
OCF 5Y — — — — — — — — — — — — — — 1.5% 85.8% 59.9% 37.8% 33.7% 27.5% 27.53%
Assets 3Y — — — — — — 19.7% 16.4% 14.8% 20.5% 24.2% 28.2% 20.0% 19.3% 16.8% 12.8% 12.7% 10.5% 10.9% 12.4% 12.36%
Assets 5Y — — — — — — — — — — — — — — 17.8% 16.4% 16.5% 16.0% 15.3% 15.8% 15.80%
Equity 3Y — — — — — — 22.8% 17.3% 16.5% 23.4% 28.1% 31.8% 31.7% 28.8% 25.1% 18.8% 18.4% 15.8% 16.5% 16.4% 16.37%
Book Value 3Y — — — — — — 26.4% 21.8% 21.2% 28.6% 33.9% 39.9% 41.1% 39.6% 35.2% 28.3% 27.3% 23.4% 22.8% 21.5% 21.51%
Dividend 3Y — — — — — — 27.3% 19.8% 9.7% 5.3% 34.8% 49.9% 61.4% 73.0% 22.5% 11.7% 6.1% 0.7% 7.9% 41.3% 41.28%
Growth Quality
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Revenue Stability — — 0.90 0.96 1.00 0.96 0.92 0.93 0.90 0.90 0.99 0.96 0.86 0.85 0.98 0.98 0.91 0.84 0.89 0.87 0.874
Earnings Stability — — 0.73 0.81 0.85 0.95 0.87 0.50 0.30 0.48 0.93 0.75 0.64 0.73 0.89 0.51 0.33 0.24 0.20 0.05 0.054
Margin Stability — — 0.95 0.97 0.97 0.87 0.80 0.69 0.57 0.60 0.65 0.60 0.48 0.52 0.59 0.60 0.56 0.59 0.59 0.63 0.630
Rev. Growth Consistency 0.50 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 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.50 0.50 0.50 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — 0.20 0.50 0.50 0.50 0.50 0.81 0.50 0.50 0.93 0.50 0.50 0.50 0.98 0.50 0.50 0.50 0.50 0.50 0.500
Earnings Smoothness — — — 0.00 0.00 0.00 0.23 0.37 0.00 0.32 0.84 0.00 0.00 0.01 0.95 0.25 0.00 0.00 0.00 0.31 0.311
ROE Trend — — 0.20 0.33 0.36 0.33 0.25 -0.01 -0.10 -0.09 0.04 0.16 0.16 0.09 -0.08 -0.12 -0.15 -0.18 -0.20 -0.20 -0.203
Gross Margin Trend — — 0.03 0.01 -0.00 -0.09 -0.16 -0.24 -0.31 -0.25 -0.16 -0.10 -0.06 -0.05 -0.08 -0.01 0.24 0.23 0.22 0.12 0.124
FCF Margin Trend — — 0.04 0.05 0.06 0.07 0.06 0.03 0.01 -0.01 0.01 0.02 0.03 0.02 0.00 -0.02 -0.04 -0.05 -0.06 -0.05 -0.052
Sustainable Growth Rate 5.8% 14.0% 20.0% 38.3% 43.6% 42.1% 36.1% 15.0% 10.1% 15.8% 30.9% 44.0% 44.8% 35.8% 22.2% 13.2% 8.6% 3.8% 3.1% -2.4% -2.38%
Internal Growth Rate 3.1% 8.0% 12.5% 27.8% 31.5% 30.7% 26.2% 9.4% 6.4% 10.2% 22.6% 34.2% 38.4% 28.7% 16.7% 9.2% 6.1% 2.6% 2.2% — —
Cash Flow Quality
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
OCF/Net Income 3.42 1.72 1.32 0.83 0.88 1.08 1.15 2.24 2.95 1.92 1.21 1.03 1.09 1.21 1.63 1.96 2.16 3.17 3.45 3.61 3.608
FCF/OCF 0.29 0.41 0.47 0.60 0.68 0.73 0.69 0.62 0.54 0.46 0.56 0.63 0.66 0.66 0.61 0.50 0.34 0.23 0.15 0.14 0.144
FCF/Net Income snapshot only 0.521
OCF/EBITDA snapshot only 1.181
CapEx/Revenue 4.1% 3.8% 3.8% 3.3% 3.1% 3.2% 3.4% 4.0% 4.7% 5.5% 5.2% 4.8% 4.5% 4.2% 4.6% 5.0% 5.9% 6.6% 7.4% 8.3% 8.29%
CapEx/Depreciation snapshot only 1.943
Accruals Ratio -0.08 -0.06 -0.04 0.04 0.03 -0.02 -0.03 -0.12 -0.14 -0.10 -0.04 -0.01 -0.03 -0.06 -0.11 -0.11 -0.10 -0.12 -0.13 -0.14 -0.144
Sloan Accruals snapshot only -0.093
Cash Flow Adequacy snapshot only 0.826
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 9.80%
Dividend/Share $0.29 $0.43 $0.69 $0.85 $1.12 $1.30 $1.46 $1.47 $1.41 $1.40 $3.20 $4.27 $5.23 $6.22 $5.15 $5.12 $5.35 $5.57 $5.71 $12.85 $15.00
Payout Ratio 11.9% 7.6% 7.7% 4.5% 4.8% 5.3% 6.4% 13.2% 17.6% 11.0% 11.7% 10.4% 11.5% 15.1% 17.9% 25.2% 33.9% 54.9% 60.4% 1.3% 1.28%
FCF Payout Ratio 12.0% 10.7% 12.3% 9.0% 8.0% 6.7% 8.1% 9.5% 10.9% 12.5% 17.3% 15.9% 15.9% 18.9% 17.9% 25.7% 46.2% 76.4% 1.1% 2.5% 2.46%
Total Payout Ratio 12.1% 7.7% 21.5% 18.5% 27.9% 35.9% 42.8% 78.6% 71.0% 28.7% 23.4% 26.3% 29.2% 39.3% 49.7% 58.7% 71.0% 94.5% 81.0% 1.3% 1.33%
Div. Increase Streak 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 1 1 1
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Tax Burden (NI/EBT) 0.54 0.68 0.78 0.99 0.95 0.98 0.95 0.72 0.68 0.67 0.71 0.74 0.74 0.74 0.72 0.68 0.64 0.59 0.61 0.64 0.639
Interest Burden (EBT/EBIT) 1.42 1.09 1.03 1.12 1.02 1.04 1.04 0.84 0.78 0.86 0.93 0.99 1.00 0.99 0.98 0.97 0.96 0.95 1.02 1.07 1.067
EBIT Margin 0.02 0.05 0.07 0.09 0.11 0.11 0.10 0.08 0.07 0.09 0.15 0.17 0.16 0.14 0.10 0.08 0.07 0.05 0.04 0.04 0.039
Asset Turnover 2.03 2.14 2.22 2.24 2.26 2.28 2.32 2.12 2.06 1.94 2.10 2.26 2.60 2.56 2.41 2.18 2.12 2.10 2.12 2.05 2.053
Equity Multiplier 1.92 1.89 1.81 1.76 1.82 1.79 1.74 1.74 1.69 1.71 1.68 1.73 1.61 1.61 1.55 1.57 1.49 1.50 1.46 1.53 1.525
Per Share
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
EPS (Diluted TTM) $2.49 $5.74 $9.04 $19.00 $23.38 $24.69 $22.71 $11.12 $8.05 $12.69 $27.29 $41.29 $45.43 $41.16 $28.74 $20.31 $15.78 $10.14 $9.45 $10.02 $10.02
Book Value/Share $38.82 $41.48 $46.43 $56.77 $61.29 $64.76 $65.92 $65.09 $65.14 $75.08 $88.56 $100.89 $109.02 $112.81 $114.76 $119.95 $126.32 $121.61 $122.01 $116.77 $124.43
Tangible Book/Share $23.45 $26.36 $32.31 $31.14 $45.16 $36.53 $48.64 $35.10 $49.33 $48.24 $69.89 $57.27 $80.30 $65.25 $85.91 $89.25 $94.83 $97.31 $100.30 $95.85 $95.85
Revenue/Share $146.16 $153.18 $167.24 $187.15 $209.89 $227.28 $237.20 $237.21 $228.75 $237.71 $275.33 $328.62 $376.17 $400.54 $398.76 $393.53 $382.24 $379.60 $372.19 $372.86 $190.25
FCF/Share $2.46 $4.06 $5.63 $9.43 $13.97 $19.39 $18.05 $15.39 $12.93 $11.18 $18.51 $26.88 $32.89 $32.88 $28.76 $19.97 $11.56 $7.29 $5.05 $5.22 $2.95
OCF/Share $8.50 $9.87 $11.95 $15.69 $20.53 $26.64 $26.16 $24.87 $23.74 $24.36 $32.91 $42.60 $49.67 $49.82 $46.94 $39.84 $34.15 $32.18 $32.57 $36.14 $19.70
Cash/Share $4.22 $4.76 $7.10 $8.38 $9.62 $15.52 $12.34 $13.92 $14.71 $19.31 $18.91 $17.35 $20.42 $16.06 $14.70 $12.14 $9.30 $9.78 $12.19 $13.22 $13.32
EBITDA/Share $8.96 $13.67 $17.56 $23.64 $30.78 $31.47 $31.06 $27.89 $24.74 $31.86 $51.39 $66.92 $73.21 $69.40 $54.87 $44.74 $39.68 $32.74 $29.78 $30.59 $30.59
Debt/Share $16.09 $9.26 $9.38 $7.82 $8.46 $8.98 $12.79 $13.13 $11.71 $11.45 $12.00 $13.57 $13.97 $8.48 $7.96 $8.07 $8.31 $10.10 $17.62 $20.01 $20.01
Net Debt/Share $11.88 $4.50 $2.28 $-0.56 $-1.16 $-6.54 $0.45 $-0.79 $-3.00 $-7.85 $-6.91 $-3.79 $-6.45 $-7.58 $-6.75 $-4.07 $-0.99 $0.32 $5.43 $6.80 $6.80
Academic Models
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 6 7 7 7 7 8 7 6 5 6 8 8 9 8 7 8 7 5 5 4 4
Beneish M-Score -2.36 -2.23 -2.11 -1.60 -2.00 -0.91 -1.03 -1.56 -2.17 -2.87 -2.42 -1.91 -2.04 -2.20 -2.59 -4.02 -3.14 -3.10 -3.09 -1.97 -1.967
Ohlson O-Score snapshot only -10.096
ROIC (Greenblatt) snapshot only 11.78%
Net-Net WC snapshot only $6.99
EVA snapshot only $212118601.41
Credit
Metric Trend Q2'16 Q2'17 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 Q4'26 Current
Credit Rating snapshot only A
Credit Score 68.75 76.10 80.25 80.25 80.25 82.75 82.75 81.50 80.25 81.50 82.75 82.75 82.75 82.75 82.75 82.75 82.75 81.50 77.85 74.00 74.000
Credit Grade snapshot only 6
Credit Trend snapshot only -8.750
Implied Spread (bps) snapshot only 150.000

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