Also trades as: BSANTANDER.SN (SGO) · $vol 8M

$31.80

+0.14 (+0.46%)

After Hours: $33.16 (+1.35, +4.26%)

Weekly Expected Move ±3.1%

$30 $31 $32 $33 $34

NYSE · Financial Services · Banks - Regional · Tech Score Sell · Power 34 · $14.9B mcap · 471M float · 0.072% daily turnover · Short 66% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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

Low

$33

Avg Target

$33

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 4Sell: 3Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$32.67

Analysts3

Consensus Change History

Date	Field	From	To
2026-06-27	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-22	UBS	Thiago Batista	$24	$31	+7	-0.9%	$31.29
2026-03-11	Morgan Stanley	Jorge Kuri	Initiated	$38	—	+17.5%	$32.34
2026-01-13	Goldman Sachs	—	$21	$29	+8	-12.9%	$33.29
2025-06-02	UBS	Thiago Batista	Initiated	$24	—	-2.6%	$24.64
2024-08-19	Goldman Sachs	Tito Labarta	Initiated	$21	—	+1.8%	$20.62
2024-06-12	Banco Santander	Jorge Perez	Initiated	$22	—	+18.7%	$18.53

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 27, 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. BSAC receives an overall rating of B-. Strongest factors: ROE (5/5), ROA (4/5). Areas of concern: DCF (1/5), D/E (1/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-27	D+	B-
2026-10-26	B-	D+
2026-10-12	B	B-
2026-10-01	C+	B
2026-09-08	B-	C+
2026-08-31	C+	B-
2026-08-18	B-	C+
2026-08-17	C+	B-
2026-08-14	B-	C+
2026-07-31	C+	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 D

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-B Score

1.09

Distress Zone

Piotroski F-Score

4/9

✓ ✗ ✗ ✗ ✓ ✗ ✓ ✓ ✗

Beneish M-Score

-4.20

Unlikely Manipulator

Ohlson O-Score

—

Credit Rating

Score: 40.2/100

Trend: Deteriorating

Earnings Quality

25/100

OCF/NI: -0.46x

Accruals: 2.2%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. BSAC scores 1.09, placing it in the Distress Zone (safe > 3.0, distress < 1.5). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BSAC 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. BSAC's score of -4.20 falls below this threshold, suggesting earnings are unlikely to be manipulated. 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. BSAC receives an estimated rating of BB (score: 40.2/100), 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). BSAC's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

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

13.63x

PEG

4.30x

P/S

2.98x

P/B

3.13x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$23655.13

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 13.6x earnings, BSAC trades at a reasonable valuation. Graham's intrinsic value formula yields $23655.13 per share, suggesting a potential 74616% 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

0.822

NI / EBT

Interest Burden

1.272

EBT / EBIT

EBIT Margin

0.248

EBIT / Rev

Asset Turnover

0.059

Rev / Assets

Equity Multiplier

15.351

Assets / Equity

ROE

23.4%

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. BSAC's ROE of 23.4% is driven by financial leverage (equity multiplier: 15.35x). Note: high leverage means ROE is amplified by debt rather than operational performance.

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

$91251.59

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 BSAC's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BSAC actually compounded EPS at 40.2% 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. BSAC trades at a premium to its adjusted intrinsic value of $91251.59, 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 13.6x.

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

$31.64

Median 1Y

$31.38

5th Pctile

$18.02

95th Pctile

$54.70

Ann. Volatility

34.5%

25th–75th percentile 5th–95th percentile Median path Historical

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

8,526

-2.6% YoY

Revenue / Employee

$270,478,536

Rev: $2,306,100,000,000

Profit / Employee

$123,529,087

NI: $1,053,209,000,000

SGA / Employee

$90,754,516

Avg labor cost proxy

Scaling Efficiency

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	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	20.3%	23.7%	27.8%	27.1%	17.2%	18.2%	13.8%	10.1%	11.5%	14.0%	15.7%	20.0%	16.3%	23.6%	24.5%	24.3%	18.8%	22.3%	23.8%	23.4%	23.42%
ROA	1.4%	1.5%	1.5%	1.4%	1.2%	1.1%	0.8%	0.5%	0.8%	0.8%	1.0%	1.2%	1.2%	1.4%	1.6%	1.6%	1.5%	1.5%	1.7%	1.5%	1.53%
ROIC	22.9%	9.9%	7.2%	12.9%	18.2%	9.5%	9.5%	8.3%	8.0%	4.5%	4.6%	6.2%	7.1%	9.5%	7.3%	9.3%	6.9%	2.1%	12.6%	7.8%	7.81%
ROCE	2.8%	1.8%	2.9%	1.5%	1.3%	1.1%	1.4%	1.0%	1.0%	1.5%	2.1%	3.0%	2.9%	3.6%	3.7%	3.7%	3.5%	8.2%	4.0%	1.4%	1.37%
Gross Margin	47.2%	45.4%	50.1%	41.9%	11.1%	24.0%	30.2%	25.1%	33.1%	31.4%	47.2%	1.1%	39.5%	47.4%	52.7%	47.9%	61.3%	1.0%	57.6%	1.0%	1.00%
Operating Margin	27.1%	43.5%	26.0%	15.5%	6.7%	13.9%	10.3%	6.1%	23.4%	13.6%	22.9%	60.0%	26.9%	31.8%	27.4%	28.0%	15.5%	45.9%	36.8%	53.0%	53.04%
Net Margin	22.2%	35.3%	22.9%	14.3%	6.7%	12.0%	9.4%	4.6%	19.0%	10.3%	17.8%	43.5%	21.9%	26.4%	22.8%	22.7%	12.4%	37.2%	31.2%	44.1%	44.13%
EBITDA Margin	29.8%	48.2%	28.6%	13.0%	8.8%	17.1%	12.9%	9.1%	26.1%	16.7%	25.7%	60.7%	29.8%	35.1%	30.1%	31.0%	17.4%	50.6%	39.4%	0.0%	0.00%
FCF Margin	35.9%	50.0%	-68.5%	-58.8%	19.3%	8.6%	12.7%	3.3%	3.3%	-11.1%	-1.3%	9.6%	9.9%	7.2%	16.8%	26.5%	15.1%	15.9%	-5.0%	-14.4%	-14.41%
OCF Margin	38.2%	52.0%	-67.1%	-57.6%	19.8%	9.3%	13.3%	4.7%	4.6%	-9.7%	0.1%	10.4%	10.7%	7.9%	17.6%	27.4%	17.3%	17.9%	-3.1%	-12.0%	-12.01%
ROE 3Y Avg	snapshot only																				21.94%
ROE 5Y Avg	snapshot only																				20.12%
ROA 3Y Avg	snapshot only																				1.42%
ROIC 3Y Avg	snapshot only																				5.22%
ROIC Economic	snapshot only																				7.81%
Cash ROA	snapshot only																				-0.66%
Cash ROIC	snapshot only																				-3.54%
CROIC	snapshot only																				-4.25%
NOPAT Margin	snapshot only																				26.52%
Pretax Margin	snapshot only																				31.58%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				17.03%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	13.635
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.977
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.134
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				4.303
Graham Number	snapshot only																				$23655.13

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	0.44	25.29	0.31	38.27	26.69	30.29	0.43	0.47	21.24	0.26	0.25	0.22	0.29	0.21	0.25	0.25	0.06	1.20	0.27	—	—
Quick Ratio	0.44	25.29	0.31	38.27	26.69	30.29	0.43	0.47	21.24	0.26	0.25	0.22	0.29	0.21	0.25	0.25	0.06	1.20	0.27	—	—
Debt/Equity	2.39	4.03	5.44	4.21	2.25	4.17	2.83	2.97	2.45	3.55	3.75	3.75	2.80	2.97	3.79	3.31	2.88	10.06	2.79	1.95	1.952
Net Debt/Equity	-0.18	1.39	2.79	0.98	-0.08	0.91	0.39	0.22	0.42	2.07	2.43	2.32	1.35	1.48	2.33	1.51	1.69	9.67	0.84	1.95	1.952
Debt/Assets	0.16	0.24	0.28	0.22	0.16	0.24	0.17	0.17	0.18	0.20	0.23	0.24	0.22	0.19	0.26	0.22	0.24	0.68	0.20	0.12	0.123
Debt/EBITDA	9.02	12.34	15.07	13.56	11.36	19.67	18.21	21.08	15.21	17.69	16.12	13.15	12.08	9.36	11.89	10.58	11.70	34.52	9.22	8.26	8.263
Net Debt/EBITDA	-0.66	4.25	7.73	3.16	-0.42	4.29	2.50	1.53	2.62	10.31	10.46	8.14	5.83	4.68	7.33	4.84	6.89	33.16	2.77	8.26	8.263
Interest Coverage	1.31	1.08	0.80	0.56	0.36	0.26	0.18	0.13	0.21	0.21	0.28	0.41	0.47	0.61	0.67	0.69	0.69	0.70	0.79	0.81	0.807
Equity Multiplier	14.73	16.59	19.75	19.43	14.09	17.73	16.48	17.29	13.69	17.96	16.27	15.62	13.02	15.24	14.66	14.86	12.12	14.75	14.14	15.81	15.807
Debt Service Coverage	snapshot only																				0.883
Cash to Debt	snapshot only																				0.000
FCF to Debt	snapshot only																				-0.064
Defensive Interval	snapshot only																				0.0 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	0.05	0.05	0.06	0.06	0.07	0.08	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.07	0.08	0.07	0.07	0.06	0.059
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	30.95	20.96	62.30	19.33	32.38	26.99	278.00	28.74	26.38	25.54	44.12	38.63	20.46	37.81	29.60	50.32	33.24	5.00	128.01	94495.08	94495.077
Payables Turnover	2.29	2.82	6.34	4.89	4.75	8.15	12.18	14.81	6.64	8.13	6.77	8.01	4.18	8.45	3.98	4.32	4.05	2.02	6.55	3.28	3.283
DSO	12	17	6	19	11	14	1	13	14	14	8	9	18	10	12	7	11	73	3	0	0.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	160	129	58	75	77	45	30	25	55	45	54	46	87	43	92	85	90	181	56	111	111.2 days
Cash Conversion Cycle	-148	-112	-52	-56	-66	-31	-29	-12	-41	-31	-46	-36	-70	-34	-79	-77	-79	-108	-53	-111	-111.2 days
Capital Intensity	snapshot only																				18.174

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	11.3%	23.9%	56.7%	74.8%	50.5%	60.1%	34.0%	13.4%	13.1%	3.1%	-1.4%	-13.5%	-17.4%	-20.1%	-18.7%	6.2%	22.6%	18.2%	19.9%	-6.1%	-6.07%
Net Income	45.2%	44.9%	37.5%	27.5%	-2.1%	-19.8%	-44.4%	-58.2%	-26.9%	-18.5%	22.6%	1.1%	47.2%	79.2%	62.8%	27.2%	19.8%	0.6%	5.8%	4.4%	4.38%
EPS	45.2%	44.9%	37.5%	27.5%	-2.1%	-19.8%	-44.4%	-58.2%	-26.9%	-18.3%	22.6%	1.1%	47.2%	78.6%	62.8%	27.2%	19.8%	0.6%	5.8%	4.4%	4.38%
FCF	3.3%	2.1%	-1.6%	-1.6%	-19.0%	-72.3%	1.2%	1.1%	-80.8%	-2.3%	-1.1%	1.5%	1.5%	1.5%	11.6%	1.9%	87.2%	1.6%	-1.4%	-1.5%	-1.51%
EBITDA	40.6%	38.3%	28.5%	10.1%	-16.6%	-31.4%	-49.9%	-50.7%	-13.0%	0.7%	50.7%	1.0%	45.9%	66.6%	47.3%	19.3%	13.3%	-0.9%	4.7%	-18.7%	-18.74%
Op. Income	45.1%	41.6%	30.4%	17.0%	-12.4%	-29.2%	-50.0%	-59.8%	-23.3%	-9.8%	42.9%	1.4%	60.3%	85.5%	59.8%	19.0%	12.4%	-2.9%	3.0%	4.0%	3.98%
OCF Growth	snapshot only																				-1.41%
Asset Growth	snapshot only																				14.51%
Equity Growth	snapshot only																				7.64%
Debt Growth	snapshot only																				-36.52%
Shares Change	snapshot only																				0.00%
Dividend Growth	snapshot only																				29.03%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	4.1%	6.2%	11.7%	16.9%	16.5%	18.2%	20.9%	22.3%	23.8%	26.9%	27.4%	19.7%	12.0%	9.7%	2.4%	1.4%	4.6%	-0.9%	-1.3%	-4.8%	-4.81%
Revenue 5Y	3.3%	3.9%	7.9%	11.6%	12.2%	14.6%	15.1%	14.3%	14.0%	14.6%	13.0%	9.4%	8.1%	6.3%	7.2%	10.9%	13.9%	14.1%	15.0%	11.3%	11.33%
EPS 3Y	10.8%	14.8%	17.9%	17.6%	12.8%	6.6%	3.3%	-4.2%	1.3%	-1.7%	-2.1%	3.4%	1.8%	5.4%	3.5%	3.3%	8.8%	13.7%	28.3%	40.2%	40.23%
EPS 5Y	11.2%	11.8%	12.7%	12.3%	7.1%	3.9%	-1.5%	-6.5%	-0.5%	-0.1%	2.2%	7.1%	9.1%	12.1%	17.1%	18.4%	12.9%	11.3%	10.0%	8.0%	7.99%
Net Income 3Y	10.8%	14.8%	17.9%	17.6%	12.8%	6.6%	3.3%	-4.2%	1.3%	-1.8%	-2.1%	3.4%	1.8%	5.4%	3.5%	3.3%	8.8%	13.7%	28.3%	40.2%	40.23%
Net Income 5Y	11.2%	11.8%	12.7%	12.3%	7.1%	3.9%	-1.5%	-6.5%	-0.5%	-0.2%	2.2%	7.2%	9.1%	12.1%	17.1%	18.4%	12.9%	11.3%	10.0%	8.0%	7.99%
EBITDA 3Y	10.8%	13.7%	15.4%	11.8%	5.9%	0.5%	-3.8%	-5.7%	0.7%	-1.5%	-1.0%	3.4%	1.9%	4.8%	3.6%	6.2%	12.9%	18.5%	32.4%	25.4%	25.45%
EBITDA 5Y	12.0%	12.2%	12.2%	9.3%	3.8%	0.4%	-4.8%	-6.1%	-0.3%	0.3%	3.0%	7.0%	8.5%	11.2%	14.6%	15.3%	11.0%	9.6%	8.4%	1.4%	1.40%
Gross Profit 3Y	7.4%	6.1%	9.6%	10.0%	2.1%	1.0%	-2.2%	-8.5%	-2.9%	-1.0%	1.0%	4.7%	3.5%	7.4%	4.1%	1.8%	19.5%	23.7%	31.0%	39.8%	39.77%
Gross Profit 5Y	6.8%	5.3%	7.0%	6.7%	1.7%	1.1%	-1.8%	-5.0%	-0.8%	0.7%	2.4%	5.8%	6.3%	7.4%	9.0%	7.8%	11.8%	13.6%	13.2%	11.8%	11.84%
Op. Income 3Y	10.3%	13.7%	15.8%	14.5%	8.6%	2.6%	-2.0%	-8.4%	-0.8%	-3.3%	-2.4%	4.0%	2.5%	5.8%	4.5%	4.6%	11.4%	17.5%	33.0%	43.5%	43.52%
Op. Income 5Y	11.8%	12.1%	12.2%	10.4%	4.6%	0.8%	-4.9%	-8.9%	-2.1%	-1.3%	2.1%	7.6%	9.5%	12.5%	16.5%	16.9%	11.9%	10.2%	8.9%	6.8%	6.83%
FCF 3Y	4.9%	95.3%	—	—	-21.1%	-40.1%	-19.6%	-45.5%	—	—	—	-54.5%	-27.1%	-42.6%	—	—	-3.6%	21.5%	—	—	—
FCF 5Y	10.6%	12.4%	—	—	—	49.0%	7.0%	-29.6%	-29.1%	—	—	-4.8%	-25.1%	-31.8%	-11.3%	3.5%	—	9.3%	—	—	—
OCF 3Y	3.6%	74.2%	—	—	-21.7%	-39.6%	-20.3%	-40.3%	—	—	-89.2%	-53.7%	-26.8%	-41.6%	—	—	-0.1%	23.4%	—	—	—
OCF 5Y	9.1%	11.0%	—	—	—	25.5%	4.2%	-26.1%	-25.6%	—	-63.3%	-6.3%	-24.8%	-31.2%	-11.8%	2.7%	—	8.7%	—	—	—
Assets 3Y	17.7%	15.7%	19.0%	17.2%	10.6%	5.4%	4.0%	8.2%	8.5%	11.1%	5.1%	1.2%	2.3%	2.9%	-2.3%	-3.1%	-0.2%	0.2%	0.8%	2.5%	2.53%
Assets 5Y	11.5%	10.9%	15.3%	16.4%	13.8%	13.8%	12.8%	13.8%	12.7%	13.5%	10.2%	7.2%	6.2%	2.5%	1.6%	3.6%	4.1%	5.1%	3.6%	4.2%	4.23%
Equity 3Y	10.6%	3.7%	3.0%	4.8%	12.6%	3.9%	4.9%	4.8%	12.8%	5.3%	8.0%	8.7%	6.6%	5.9%	8.0%	5.9%	5.0%	6.5%	6.1%	5.6%	5.64%
Book Value 3Y	10.6%	3.7%	3.0%	4.8%	12.6%	3.9%	4.9%	4.7%	12.8%	5.4%	8.0%	8.7%	6.6%	5.9%	8.0%	5.9%	5.0%	6.5%	6.1%	5.6%	5.64%
Dividend 3Y	-2.1%	-2.1%	-0.8%	-0.8%	14.4%	14.4%	1.4%	1.4%	1.4%	1.5%	-10.5%	-10.5%	-10.5%	-10.5%	20.0%	20.0%	20.0%	20.0%	1.7%	8.9%	8.87%

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.70	0.30	0.33	0.41	0.58	0.54	0.64	0.68	0.77	0.75	0.76	0.62	0.62	0.46	0.48	0.59	0.67	0.45	0.45	0.43	0.430
Earnings Stability	0.57	0.64	0.56	0.55	0.62	0.47	0.12	0.02	0.16	0.07	0.06	0.09	0.34	0.32	0.29	0.29	0.47	0.41	0.32	0.27	0.267
Margin Stability	0.93	0.92	0.88	0.85	0.80	0.76	0.70	0.65	0.69	0.67	0.65	0.64	0.70	0.71	0.71	0.72	0.72	0.66	0.63	0.61	0.609
Rev. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	0	1	0	0	1	1	0	0	1	0	0	1	1	0	0	1	1	1	0	0	0
Earnings Persistence	0.82	0.82	0.85	0.89	0.99	0.92	0.82	0.50	0.89	0.93	0.91	0.50	0.81	0.50	0.50	0.89	0.92	1.00	0.98	0.98	0.982
Earnings Smoothness	0.63	0.63	0.68	0.76	0.98	0.78	0.43	0.18	0.69	0.80	0.80	0.30	0.62	0.43	0.52	0.76	0.82	0.99	0.94	0.96	0.957
ROE Trend	0.03	0.07	0.10	0.07	-0.01	-0.02	-0.11	-0.14	-0.06	-0.07	-0.04	0.03	0.02	0.07	0.09	0.08	0.04	0.03	0.03	0.01	0.010
Gross Margin Trend	0.06	-0.00	-0.07	-0.16	-0.25	-0.28	-0.34	-0.35	-0.21	-0.15	-0.06	0.12	0.17	0.23	0.25	0.12	0.15	0.20	0.18	0.25	0.249
FCF Margin Trend	0.13	0.07	-1.82	-1.65	0.10	-0.26	-0.45	-0.55	-0.24	-0.40	0.27	0.37	-0.01	0.08	0.11	0.20	0.09	0.18	-0.13	-0.32	-0.325
Sustainable Growth Rate	12.5%	15.2%	14.3%	14.1%	7.1%	6.0%	1.3%	-2.0%	1.9%	1.9%	7.3%	11.7%	9.7%	15.5%	10.7%	10.7%	7.8%	9.1%	10.4%	7.2%	7.17%
Internal Growth Rate	0.8%	1.0%	0.8%	0.7%	0.5%	0.3%	0.1%	—	0.1%	0.1%	0.5%	0.7%	0.7%	0.9%	0.7%	0.7%	0.6%	0.6%	0.7%	0.5%	0.47%

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	1.40	1.86	-2.63	-2.61	1.12	0.66	1.26	0.58	0.40	-0.88	0.01	0.53	0.52	0.32	0.67	1.17	0.87	0.85	-0.13	-0.46	-0.462
FCF/OCF	0.94	0.96	1.02	1.02	0.97	0.93	0.96	0.71	0.71	1.15	-11.19	0.93	0.93	0.91	0.96	0.97	0.88	0.89	1.62	1.20	1.200
FCF/Net Income	snapshot only																				-0.555
OCF/EBITDA	snapshot only																				-0.442
CapEx/Revenue	2.3%	1.9%	1.4%	1.2%	0.5%	0.6%	0.6%	1.4%	1.3%	1.5%	1.4%	0.7%	0.8%	0.7%	0.7%	0.8%	2.2%	2.0%	1.9%	2.4%	2.40%
CapEx/Depreciation	snapshot only																				1.025
Accruals Ratio	-0.01	-0.01	0.05	0.05	-0.00	0.00	-0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	-0.00	0.00	0.00	0.02	0.02	0.022
Sloan Accruals	snapshot only																				0.333
Cash Flow Adequacy	snapshot only																				-0.588
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.20%
Dividend/Share	$658.99	$658.99	$986.95	$986.92	$986.90	$986.90	$1029.81	$1029.86	$1029.86	$1032.89	$737.56	$737.45	$737.57	$737.57	$1274.28	$1274.28	$1274.29	$1274.29	$1341.34	$1644.26	$1341.34
Payout Ratio	38.4%	36.0%	48.4%	48.0%	58.7%	67.2%	90.9%	1.2%	83.7%	86.0%	53.1%	41.3%	40.7%	34.4%	56.4%	56.1%	58.8%	59.0%	56.1%	69.4%	69.37%
FCF Payout Ratio	29.0%	20.1%	—	—	53.7%	1.1%	75.4%	2.9%	2.9%	—	—	83.7%	83.8%	1.2%	88.2%	49.4%	77.4%	78.2%	—	—	—
Total Payout Ratio	38.4%	36.0%	48.4%	48.0%	58.7%	67.2%	90.9%	1.2%	83.7%	86.0%	53.1%	41.3%	40.7%	34.4%	56.4%	56.1%	58.8%	59.0%	56.1%	69.4%	69.37%
Div. Increase Streak	0	0	0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0	1	1	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	0.79	0.80	0.82	0.85	0.88	0.90	0.92	0.89	0.84	0.81	0.79	0.79	0.79	0.80	0.82	0.82	0.82	0.82	0.82	0.82	0.822
Interest Burden (EBT/EBIT)	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	1.27	1.272
EBIT Margin	0.35	0.35	0.31	0.26	0.20	0.16	0.12	0.09	0.14	0.14	0.17	0.25	0.26	0.31	0.32	0.28	0.24	0.26	0.28	0.25	0.248
Asset Turnover	0.05	0.05	0.06	0.06	0.07	0.08	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.07	0.08	0.07	0.07	0.06	0.059
Equity Multiplier	15.03	15.95	18.75	19.39	14.40	17.17	17.99	18.32	13.89	17.85	16.38	16.45	13.35	16.56	15.44	15.22	12.56	14.98	14.39	15.35	15.351

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$1717.62	$1831.64	$2038.53	$2057.84	$1681.70	$1469.31	$1133.24	$859.48	$1229.90	$1200.68	$1389.32	$1784.95	$1810.52	$2144.93	$2261.32	$2270.62	$2168.58	$2158.80	$2392.31	$2370.17	$2370.17
Book Value/Share	$9197.78	$7865.19	$7616.86	$8198.49	$10304.02	$8322.12	$8848.19	$8899.35	$11022.47	$8862.61	$8903.11	$8953.72	$11153.45	$9340.03	$9582.20	$9747.89	$11921.42	$10059.83	$10558.38	$10492.73	$10532.85
Tangible Book/Share	$8995.25	$7668.86	$7418.77	$7990.78	$10075.23	$8105.23	$8647.99	$8697.01	$10815.40	$8670.74	$8711.29	$8764.03	$10965.24	$9168.49	$9415.02	$9583.40	$11727.25	$9883.40	$10379.13	$10492.73	$10492.73
Revenue/Share	$6323.74	$6563.80	$8006.57	$9325.44	$9519.96	$10508.27	$10724.89	$10579.48	$10770.87	$10867.21	$10569.78	$9151.55	$8891.83	$8653.75	$8590.78	$9716.13	$10904.93	$10227.75	$10296.52	$9126.27	$10368.90
FCF/Share	$2268.72	$3284.61	$-5485.10	$-5486.78	$1837.40	$908.50	$1366.46	$352.35	$352.23	$-1211.12	$-135.76	$880.80	$879.84	$620.32	$1444.69	$2578.93	$1647.40	$1629.61	$-509.88	$-1315.06	$2971.92
OCF/Share	$2412.61	$3412.18	$-5369.91	$-5371.60	$1886.43	$973.95	$1429.35	$495.93	$495.79	$-1051.43	$12.13	$947.99	$947.02	$679.34	$1508.55	$2660.98	$1882.62	$1830.69	$-315.43	$-1096.10	$560.54
Cash/Share	$23636.85	$20779.36	$20169.94	$26505.30	$23995.35	$27131.47	$21607.74	$24538.00	$22319.62	$13144.59	$11731.96	$12815.04	$16161.44	$13858.04	$13924.48	$17513.66	$14085.55	$3984.05	$20622.31	$0.00	$19915.41
EBITDA/Share	$2441.75	$2570.82	$2746.70	$2547.26	$2036.73	$1763.43	$1375.97	$1255.57	$1772.71	$1780.38	$2073.13	$2555.68	$2586.98	$2958.20	$3052.97	$3050.57	$2930.44	$2932.97	$3195.36	$2478.75	$2478.75
Debt/Share	$22026.45	$31712.72	$41405.94	$34542.45	$23134.49	$34692.42	$25051.78	$26462.11	$26969.57	$31500.31	$33409.43	$33616.00	$31256.44	$27701.75	$36292.33	$32264.97	$34276.58	$101235.43	$29469.35	$20480.85	$20480.85
Net Debt/Share	$-1610.41	$10933.36	$21236.00	$8037.15	$-860.86	$7560.95	$3444.04	$1924.11	$4649.95	$18355.72	$21677.48	$20800.96	$15095.00	$13843.71	$22367.84	$14751.32	$20191.03	$97251.38	$8847.04	$20480.85	$20480.85

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.090
Piotroski F-Score	7	7	5	6	7	6	7	5	5	4	5	4	5	5	6	8	6	6	7	4	4
Beneish M-Score	-1.72	-2.79	-1.62	-1.42	-0.11	-1.22	150.82	1.64	-2.98	0.78	-2.67	-2.63	-0.16	-3.69	-2.73	-1.77	-3.02	32220.56	-3.33	-4.20	-4.202
Net-Net WC	snapshot only																				$-155005.88
EVA	snapshot only																				$-319116037490.77

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				BB
Credit Score	49.31	64.52	34.27	59.31	65.33	60.73	36.88	33.00	52.96	33.63	38.42	41.49	42.61	43.36	42.01	49.78	49.20	43.47	48.21	40.23	40.227
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				-9.556
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				13
Sector Credit Rank	snapshot only																				19

BSAC NYSE

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

Workforce & Productivity

Scaling Efficiency

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