S$0.37 ($0.29)

+0.01 (+1.37%)

Weekly Expected Move ±19.0%

S$0 S$0 S$0 S$0 S$1

SES · Real Estate · Real Estate - Development · Tech Score Sell · Power 39 · S$277.0M mcap · 115M float · 0.022% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

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.

A-

Oct 05, 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. BTE.SI receives an overall rating of A-. Strongest factors: DCF (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-09-14	A	A-
2026-09-09	B+	A
2026-07-08	B-	B+
2026-07-01	C+	B-
2026-06-30	None	ADDED
2026-06-29	EXISTED	None
2026-06-23	None	ADDED
2026-06-22	EXISTED	None
2026-04-24	C	C+
2026-04-01	B-	C

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.

★ ★ ★ ★ ★ 62 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

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. BTE.SI scores highest in Safety (100/100) and lowest in Growth (19/100). An overall grade of A places BTE.SI 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

4.66

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-2.90

Unlikely Manipulator

Ohlson O-Score

—

Credit Rating

AA+

Score: 92.2/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 3.70x

Accruals: -7.3%

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. BTE.SI scores 4.66, 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. BTE.SI 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. BTE.SI's score of -2.90 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. BTE.SI receives an estimated rating of AA+ (score: 92.2/100), 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). BTE.SI'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

22.56x

PEG

0.72x

P/S

3.37x

P/B

0.92x

P/FCF

7.71x

P/OCF

7.71x

EV/EBITDA

—

EV/Revenue

2.01x

EV/EBIT

24.64x

EV/FCF

4.28x

Earnings Yield

3.50%

FCF Yield

12.97%

Shareholder Yield

17.44%

Graham Number

$0.35

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 22.6x earnings, BTE.SI commands a growth premium. Graham's intrinsic value formula yields $0.35 per share, 4% 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

0.537

NI / EBT

Interest Burden

2.891

EBT / EBIT

EBIT Margin

0.082

EBIT / Rev

Asset Turnover

0.213

Rev / Assets

Equity Multiplier

1.138

Assets / Equity

ROE

3.1%

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. BTE.SI's ROE of 3.1% is driven by Asset Turnover (0.213), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.54 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$0.53

Price/Value

0.74x

Margin of Safety

25.86%

Premium

-25.86%

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 BTE.SI's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BTE.SI actually compounded EPS at 59.1% 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. BTE.SI trades at a -26% premium to its adjusted intrinsic value of $0.53, 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 22.6x.

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

$0.36

Median 1Y

$0.33

5th Pctile

$0.17

95th Pctile

$0.65

Ann. Volatility

41.2%

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	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
ROE	2.6%	3.1%	2.4%	2.6%	2.8%	1.6%	0.8%	0.6%	0.7%	1.7%	2.6%	3.0%	2.7%	3.2%	2.9%	3.7%	3.6%	2.6%	3.8%	3.1%	3.08%
ROA	2.3%	2.8%	2.2%	2.3%	2.5%	1.5%	0.7%	0.5%	0.6%	1.5%	2.3%	2.6%	2.4%	2.9%	2.6%	3.3%	3.2%	2.3%	3.3%	2.7%	2.70%
ROIC	1.5%	2.1%	1.9%	2.3%	2.5%	1.7%	1.0%	0.5%	0.7%	1.9%	2.6%	3.4%	3.4%	3.6%	3.4%	4.1%	2.3%	1.8%	2.3%	4.0%	4.04%
ROCE	2.8%	2.9%	1.9%	2.3%	2.4%	2.1%	2.1%	1.4%	1.8%	2.4%	2.8%	3.0%	3.3%	3.2%	3.0%	4.8%	4.8%	4.5%	4.4%	1.9%	1.88%
Gross Margin	29.6%	41.8%	39.4%	41.9%	32.5%	39.7%	39.7%	32.6%	39.3%	45.6%	44.7%	41.2%	41.2%	45.8%	42.4%	43.3%	1.0%	1.0%	1.0%	1.0%	1.00%
Operating Margin	0.2%	18.0%	16.4%	15.5%	3.6%	16.2%	13.9%	0.4%	14.1%	20.5%	17.2%	10.2%	14.8%	20.2%	15.2%	12.4%	14.7%	14.7%	16.2%	16.2%	16.19%
Net Margin	8.2%	17.4%	14.4%	14.3%	13.0%	-7.2%	-4.5%	13.1%	13.8%	14.8%	9.7%	14.8%	9.3%	22.3%	3.4%	28.3%	7.0%	7.0%	18.1%	18.1%	18.12%
EBITDA Margin	30.7%	42.1%	43.1%	40.5%	34.9%	51.5%	45.0%	32.1%	41.8%	44.1%	40.4%	30.8%	40.2%	43.6%	37.1%	65.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Margin	37.1%	37.9%	35.0%	35.8%	41.5%	31.3%	27.1%	27.8%	26.1%	33.1%	33.1%	36.9%	33.5%	35.7%	39.7%	35.7%	40.7%	41.1%	46.4%	46.9%	46.90%
OCF Margin	44.4%	44.6%	42.6%	40.8%	46.7%	36.6%	32.7%	31.6%	29.9%	36.8%	36.6%	39.4%	35.6%	37.8%	41.5%	38.8%	43.5%	43.8%	48.1%	46.9%	46.90%
ROE 3Y Avg	snapshot only																				3.38%
ROE 5Y Avg	snapshot only																				2.68%
ROA 3Y Avg	snapshot only																				2.97%
ROIC 3Y Avg	snapshot only																				3.31%
ROIC Economic	snapshot only																				2.31%
Cash ROA	snapshot only																				10.83%
Cash ROIC	snapshot only																				21.95%
CROIC	snapshot only																				21.95%
NOPAT Margin	snapshot only																				8.62%
Pretax Margin	snapshot only																				23.57%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				27.91%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
P/E Ratio	26.34	22.20	26.99	28.41	25.38	40.29	80.05	119.63	106.29	42.05	30.06	25.76	24.95	20.83	26.16	19.98	20.20	26.56	28.23	28.54	22.561
P/S Ratio	4.23	3.84	3.65	3.93	3.77	3.87	3.96	4.56	4.41	4.05	3.84	3.41	3.03	2.94	3.31	3.21	3.14	3.09	4.33	3.62	3.371
P/B Ratio	0.68	0.68	0.64	0.73	0.70	0.67	0.72	0.80	0.77	0.79	0.83	0.79	0.70	0.67	0.76	0.74	0.74	0.71	1.16	0.97	0.916
P/FCF	11.41	10.12	10.45	11.00	9.09	12.38	14.59	16.39	16.93	12.24	11.62	9.22	9.06	8.25	8.33	9.00	7.71	7.51	9.34	7.71	7.709
P/OCF	9.54	8.62	8.57	9.65	8.08	10.58	12.09	14.40	14.73	11.00	10.49	8.66	8.52	7.79	7.97	8.27	7.22	7.05	9.01	7.71	7.709
EV/EBITDA	3.93	3.62	3.53	4.66	3.92	3.64	4.54	5.73	4.92	4.63	5.13	4.10	3.19	2.69	3.63	2.62	8.47	11.75	25.66	—	—
EV/Revenue	1.89	1.61	1.35	1.84	1.58	1.53	1.93	2.33	2.09	1.90	2.05	1.61	1.24	1.04	1.38	1.22	3.14	3.09	4.33	2.01	2.009
EV/EBIT	10.22	9.04	11.67	14.02	11.45	11.73	15.64	27.66	18.53	14.73	14.78	10.89	8.30	6.99	10.02	5.45	13.74	14.00	23.04	24.64	24.643
EV/FCF	5.09	4.25	3.86	5.14	3.81	4.90	7.12	8.39	8.03	5.75	6.21	4.36	3.70	2.92	3.47	3.41	7.71	7.51	9.34	4.28	4.284
Earnings Yield	3.8%	4.5%	3.7%	3.5%	3.9%	2.5%	1.2%	0.8%	0.9%	2.4%	3.3%	3.9%	4.0%	4.8%	3.8%	5.0%	5.0%	3.8%	3.5%	3.5%	3.50%
FCF Yield	8.8%	9.9%	9.6%	9.1%	11.0%	8.1%	6.9%	6.1%	5.9%	8.2%	8.6%	10.8%	11.0%	12.1%	12.0%	11.1%	13.0%	13.3%	10.7%	13.0%	12.97%
PEG Ratio	snapshot only																				0.723
Price/Tangible Book	snapshot only																				0.966
EV/OCF	snapshot only																				4.284
EV/Gross Profit	snapshot only																				2.009
Acquirers Multiple	snapshot only																				13.014
Shareholder Yield	snapshot only																				17.44%
Graham Number	snapshot only																				$0.35

Leverage & Solvency

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Current Ratio	7.67	8.57	8.40	7.68	8.05	7.17	8.27	8.81	9.53	8.33	8.90	1082.04	8.14	8.32	10.29	8.20	—	—	—	—	—
Quick Ratio	7.65	8.55	8.38	7.67	8.03	7.15	8.25	8.79	9.51	8.31	8.88	1079.81	8.12	8.32	10.27	8.18	—	—	—	—	—
Debt/Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.002
Net Debt/Equity	-0.38	-0.39	-0.40	-0.39	-0.41	-0.41	-0.37	-0.39	-0.40	-0.42	-0.39	-0.42	-0.42	-0.44	-0.45	-0.46	0.00	0.00	0.00	-0.43	-0.429
Debt/Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.002
Debt/EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.02	0.02	0.02	0.02	0.02	0.01	0.00	0.00	0.00	—	—
Net Debt/EBITDA	-4.88	-5.01	-6.03	-5.31	-5.43	-5.55	-4.76	-5.47	-5.45	-5.23	-4.47	-4.58	-4.62	-4.91	-5.09	-4.28	0.00	0.00	0.00	—	—
Interest Coverage	1648.50	2041.86	1877.00	3641.00	11544.00	—	—	—	—	—	2190.80	1377.56	909.36	707.83	644.28	993.89	1372.39	1810.00	3095.00	—	—
Equity Multiplier	1.12	1.12	1.12	1.12	1.12	1.13	1.12	1.13	1.12	1.12	1.12	1.13	1.11	1.11	1.11	1.12	1.12	1.12	1.16	1.16	1.157
Cash to Debt	snapshot only																				228.861
FCF to Debt	snapshot only																				66.527
Defensive Interval	snapshot only																				736.5 days

Efficiency & Turnover

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Asset Turnover	0.14	0.16	0.16	0.17	0.17	0.15	0.15	0.14	0.14	0.16	0.18	0.20	0.20	0.20	0.21	0.21	0.21	0.20	0.22	0.21	0.213
Inventory Turnover	118.86	130.30	135.95	136.58	139.27	135.19	136.23	131.75	130.25	143.89	152.48	154.25	162.91	341.75	169.85	165.22	244.05	—	86.90	0.00	0.000
Receivables Turnover	71.46	—	25.22	39.67	29.30	—	22.92	22.67	23.95	—	—	29.60	20.25	22.78	120.84	51.20	20.00	21.86	117.95	55.92	55.924
Payables Turnover	3.69	2.61	2.59	10.66	2.36	2.11	2.26	10.36	2.25	2.01	2.74	11.74	2.87	2.65	3.16	4.03	4.02	2.71	1.60	0.00	—
DSO	5	0	14	9	12	0	16	16	15	0	0	12	18	16	3	7	18	17	3	7	6.5 days
DIO	3	3	3	3	3	3	3	3	3	3	2	2	2	1	2	2	1	0	4	—	—
DPO	99	140	141	34	155	173	162	35	162	182	133	31	127	138	115	91	91	135	228	—	—
Cash Conversion Cycle	-91	-137	-124	-22	-140	-171	-143	-16	-144	-179	-131	-16	-107	-121	-110	-81	-71	-118	-220	—	—
Fixed Asset Turnover	snapshot only																				0.390
Cash Velocity	snapshot only																				0.620
Capital Intensity	snapshot only																				4.329

Growth (YoY)

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Revenue	-28.7%	-5.6%	5.1%	21.0%	17.2%	-4.2%	-9.1%	-18.8%	-18.2%	-3.1%	6.9%	24.1%	24.6%	15.0%	6.9%	0.6%	-1.3%	-4.0%	-2.4%	-3.0%	-3.03%
Net Income	-43.7%	-2.2%	-31.7%	20.2%	8.4%	-46.8%	-66.8%	-77.7%	-77.2%	-2.8%	1.8%	3.3%	2.7%	68.5%	5.9%	22.2%	26.1%	-21.1%	18.4%	-23.6%	-23.58%
EPS	-43.7%	-2.2%	-31.7%	20.2%	8.4%	-46.8%	-66.8%	-77.7%	-77.2%	-2.8%	1.8%	3.3%	2.7%	68.5%	5.9%	22.2%	26.1%	-21.1%	18.4%	-23.6%	-23.58%
FCF	-53.5%	-44.9%	-25.4%	59.5%	31.0%	-21.0%	-29.5%	-36.9%	-48.7%	2.6%	30.3%	64.9%	60.3%	23.9%	28.5%	-2.8%	20.0%	10.5%	14.0%	27.4%	27.37%
EBITDA	-50.8%	-40.9%	-38.9%	-3.5%	-1.6%	-9.3%	1.2%	-16.3%	-13.8%	-5.5%	0.6%	19.6%	14.0%	8.5%	1.3%	19.5%	-5.9%	-35.0%	-56.6%	-1.0%	-1.00%
Op. Income	-73.6%	-46.7%	-29.6%	62.7%	72.0%	7.6%	-2.9%	-47.8%	-33.1%	-4.2%	20.2%	1.3%	73.6%	39.5%	16.8%	1.5%	-1.5%	-12.9%	-6.9%	-4.7%	-4.73%
OCF Growth	snapshot only																				17.11%
Asset Growth	snapshot only																				-14.19%
Equity Growth	snapshot only																				-16.73%
Debt Growth	snapshot only																				17.76%
Shares Change	snapshot only																				0.00%
Dividend Growth	snapshot only																				3.86%

Growth (CAGR)

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Revenue 3Y	-16.3%	-12.8%	-23.3%	-29.6%	-29.2%	-30.9%	-24.6%	-15.1%	-11.9%	-4.3%	0.7%	6.8%	6.1%	2.2%	1.3%	0.5%	0.2%	2.3%	3.7%	6.6%	6.58%
Revenue 5Y	-12.6%	-10.2%	-9.5%	-8.4%	-8.0%	-9.3%	-9.8%	-11.3%	-10.9%	-9.3%	-15.2%	-18.9%	-18.4%	-18.2%	-13.3%	-5.2%	-3.4%	-0.7%	1.3%	3.5%	3.53%
EPS 3Y	-25.8%	-21.6%	-36.0%	-40.6%	-38.9%	-48.8%	-54.7%	-54.6%	-48.2%	-20.3%	-14.4%	5.0%	-3.3%	-4.5%	-1.0%	5.6%	1.7%	8.9%	51.3%	59.1%	59.08%
EPS 5Y	-16.4%	-12.1%	-17.3%	-15.8%	-15.8%	-21.6%	-32.1%	-38.4%	-36.7%	-24.2%	-24.8%	-27.4%	-28.3%	-26.2%	-23.0%	-13.2%	-8.5%	-7.6%	-4.7%	1.6%	1.58%
Net Income 3Y	-25.8%	-21.6%	-36.0%	-40.6%	-38.9%	-48.8%	-54.7%	-54.6%	-48.2%	-20.3%	-14.4%	5.0%	-3.3%	-4.5%	-1.0%	5.6%	1.7%	8.9%	51.3%	59.1%	59.08%
Net Income 5Y	-16.4%	-12.1%	-17.3%	-15.8%	-15.8%	-21.6%	-32.1%	-38.4%	-36.7%	-24.2%	-24.8%	-27.4%	-28.3%	-26.2%	-23.0%	-13.2%	-8.5%	-7.6%	-4.7%	1.6%	1.58%
EBITDA 3Y	-18.7%	-18.3%	-25.9%	-32.7%	-31.9%	-32.9%	-33.2%	-29.9%	-25.3%	-20.3%	-14.7%	-1.1%	-1.1%	-2.4%	1.0%	6.2%	-2.6%	-12.6%	-23.8%	—	—
EBITDA 5Y	-13.0%	-10.6%	-13.6%	-12.4%	-11.9%	-11.8%	-12.0%	-15.2%	-14.5%	-14.1%	-16.2%	-21.1%	-20.9%	-20.9%	-21.2%	-13.2%	-14.9%	-18.6%	-22.8%	—	—
Gross Profit 3Y	-26.1%	-21.4%	-31.3%	-36.2%	-35.4%	-37.4%	-31.6%	-24.8%	-19.5%	-8.5%	-0.1%	13.2%	12.7%	6.8%	5.8%	4.3%	13.7%	25.2%	35.1%	49.7%	49.70%
Gross Profit 5Y	-18.5%	-15.5%	-15.4%	-14.1%	-13.7%	-15.1%	-15.3%	-17.8%	-16.5%	-14.0%	-19.1%	-21.9%	-21.3%	-21.0%	-16.5%	-8.7%	-0.6%	8.5%	16.6%	27.0%	27.01%
Op. Income 3Y	-43.3%	-36.7%	-44.5%	-46.8%	-45.4%	-47.6%	-43.6%	-43.7%	-32.8%	-18.1%	-6.3%	24.8%	25.9%	12.9%	10.9%	6.7%	4.6%	5.2%	9.3%	30.4%	30.38%
Op. Income 5Y	-30.4%	-25.7%	-25.5%	-22.9%	-22.1%	-23.6%	-24.5%	-31.6%	-26.9%	-23.5%	-27.5%	-29.0%	-28.4%	-28.1%	-24.1%	-16.1%	-12.3%	-7.8%	-2.2%	13.5%	13.48%
FCF 3Y	-17.2%	-16.9%	-27.1%	-33.1%	-29.1%	-35.4%	-36.8%	-34.2%	-32.1%	-23.6%	-11.8%	18.4%	2.5%	0.1%	5.7%	0.4%	-0.4%	12.0%	24.0%	26.9%	26.88%
FCF 5Y	-12.7%	-11.3%	-12.4%	-12.0%	-9.6%	-12.9%	-17.1%	-17.6%	-17.5%	-14.2%	-18.7%	-20.8%	-21.8%	-19.3%	-15.8%	-14.5%	-9.7%	-9.4%	0.1%	15.5%	15.50%
OCF 3Y	-12.5%	-12.6%	-22.5%	-30.6%	-26.9%	-32.6%	-33.7%	-33.3%	-30.9%	-23.1%	-11.5%	11.8%	-1.4%	-3.3%	0.4%	-1.2%	-2.1%	8.6%	17.9%	21.5%	21.52%
OCF 5Y	-9.9%	-9.0%	-9.4%	-10.2%	-7.9%	-10.3%	-14.1%	-15.6%	-15.4%	-12.5%	-17.2%	-20.1%	-21.2%	-18.8%	-15.8%	-14.6%	-10.0%	-9.8%	-1.0%	10.2%	10.21%
Assets 3Y	0.2%	0.5%	1.8%	0.2%	-0.1%	1.0%	-1.9%	-4.0%	-3.6%	-4.2%	-6.6%	-5.7%	-6.3%	-6.5%	-7.9%	-6.3%	-7.7%	-7.1%	-8.0%	-6.6%	-6.64%
Assets 5Y	-0.4%	1.1%	1.3%	0.9%	1.5%	0.8%	-1.4%	-2.2%	-2.3%	-3.0%	-3.8%	-3.9%	-4.3%	-3.0%	-3.5%	-3.4%	-4.0%	-3.9%	-6.6%	-6.2%	-6.21%
Equity 3Y	0.9%	1.2%	2.6%	1.0%	0.2%	1.0%	-2.0%	-3.8%	-3.4%	-4.4%	-6.9%	-6.0%	-6.2%	-6.4%	-7.7%	-6.3%	-7.6%	-6.9%	-8.9%	-7.5%	-7.46%
Book Value 3Y	0.9%	1.2%	2.6%	1.0%	0.2%	1.0%	-2.0%	-3.8%	-3.4%	-4.4%	-6.9%	-6.0%	-6.2%	-6.4%	-7.7%	-6.3%	-7.6%	-6.9%	-8.9%	-7.5%	-7.46%
Dividend 3Y	-9.9%	-13.1%	26.0%	-2.0%	-2.0%	12.1%	45.3%	5.9%	5.9%	5.9%	-24.3%	-7.8%	-7.8%	-7.8%	-92.8%	-20.8%	-20.8%	-20.8%	15.6%	69.4%	69.35%

Growth Quality

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Revenue Stability	0.12	0.11	0.32	0.26	0.25	0.25	0.41	0.78	0.84	0.84	0.67	0.61	0.62	0.64	0.62	0.41	0.28	0.00	0.50	0.64	0.636
Earnings Stability	0.10	0.06	0.26	0.29	0.32	0.29	0.60	0.62	0.58	0.53	0.80	0.66	0.62	0.50	0.52	0.23	0.22	0.24	0.02	0.07	0.069
Margin Stability	0.86	0.87	0.85	0.82	0.83	0.84	0.84	0.80	0.83	0.86	0.86	0.84	0.85	0.87	0.87	0.86	0.82	0.72	0.60	0.47	0.472
Rev. Growth Consistency	0.00	0.00	0.50	0.50	0.50	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	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	1.00	0.00	0.000
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	0.83	0.99	0.87	0.92	0.97	0.81	0.50	0.50	0.50	0.99	0.50	0.50	0.50	0.50	0.98	0.91	0.90	0.92	0.93	0.91	0.906
Earnings Smoothness	0.44	0.98	0.62	0.82	0.92	0.39	0.00	0.00	0.00	0.97	0.06	0.00	0.00	0.49	0.94	0.80	0.77	0.76	0.83	0.73	0.733
ROE Trend	-0.06	-0.05	-0.04	-0.02	-0.01	-0.01	-0.02	-0.02	-0.02	-0.00	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.00	0.01	0.00	0.000
Gross Margin Trend	-0.15	-0.11	-0.09	-0.05	-0.04	-0.03	-0.01	-0.01	0.00	0.01	0.03	0.05	0.05	0.04	0.03	0.04	0.17	0.29	0.43	0.57	0.570
FCF Margin Trend	-0.12	-0.14	-0.13	-0.08	-0.06	-0.20	-0.15	-0.04	-0.13	-0.01	0.02	0.05	-0.00	0.03	0.10	0.03	0.11	0.07	0.10	0.11	0.106
Sustainable Growth Rate	-3.0%	-0.5%	-1.2%	-2.6%	-2.4%	-3.5%	-10.7%	-5.9%	-5.8%	-4.9%	-3.0%	-2.7%	-2.9%	-2.5%	2.9%	0.8%	0.7%	-0.3%	-7.1%	-12.2%	-12.23%
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.7%	0.7%	0.6%	—	—	—	—

Cash Flow Quality

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
OCF/Net Income	2.76	2.58	3.15	2.94	3.14	3.81	6.62	8.31	7.22	3.82	2.86	2.98	2.93	2.67	3.28	2.42	2.80	3.77	3.13	3.70	3.703
FCF/OCF	0.84	0.85	0.82	0.88	0.89	0.85	0.83	0.88	0.87	0.90	0.90	0.94	0.94	0.95	0.96	0.92	0.94	0.94	0.96	1.00	1.000
FCF/Net Income	snapshot only																				3.703
CapEx/Revenue	7.3%	6.6%	7.7%	5.0%	5.2%	5.3%	5.6%	3.8%	3.9%	3.7%	3.5%	2.4%	2.1%	2.1%	1.9%	3.2%	2.9%	2.7%	1.7%	0.0%	0.00%
Accruals Ratio	-0.04	-0.04	-0.05	-0.05	-0.05	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.05	-0.05	-0.05	-0.06	-0.05	-0.06	-0.06	-0.07	-0.07	-0.073
Sloan Accruals	snapshot only																				-0.406
Cash Flow Adequacy	snapshot only																				0.744
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Dividend Yield	8.1%	5.3%	5.5%	7.0%	7.3%	7.7%	17.1%	8.9%	9.0%	9.0%	7.1%	7.5%	8.3%	8.5%	0.0%	3.9%	4.0%	4.2%	10.2%	17.4%	28.11%
Dividend/Share	$0.03	$0.02	$0.02	$0.03	$0.03	$0.03	$0.07	$0.04	$0.04	$0.04	$0.03	$0.03	$0.03	$0.03	$0.00	$0.01	$0.01	$0.01	$0.05	$0.07	$0.10
Payout Ratio	2.1%	1.2%	1.5%	2.0%	1.8%	3.1%	13.7%	10.6%	9.6%	3.8%	2.1%	1.9%	2.1%	1.8%	0.1%	78.3%	81.3%	1.1%	2.9%	5.0%	4.98%
FCF Payout Ratio	92.3%	53.6%	57.5%	77.2%	66.2%	95.7%	2.5%	1.5%	1.5%	1.1%	83.0%	69.0%	74.9%	70.0%	0.0%	35.2%	31.0%	31.5%	95.4%	1.3%	1.34%
Total Payout Ratio	2.1%	1.2%	1.5%	2.0%	1.8%	3.1%	13.7%	10.6%	9.6%	3.8%	2.1%	1.9%	2.1%	1.8%	0.1%	78.3%	81.3%	1.1%	2.9%	5.0%	4.98%
Div. Increase Streak	0	0	0	0	0	0	1	0	0	1	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	-0.19	-0.29	1.06	0.01	0.01	0.49	2.24	0.28	0.28	0.28	-0.50	-0.14	-0.13	-0.13	-1.00	-0.46	-0.46	-0.46	4547.18	4.03	4.031
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	0.0%	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%
Total Shareholder Return	8.1%	5.3%	5.5%	7.0%	7.3%	7.7%	17.1%	8.9%	9.0%	9.0%	7.1%	7.5%	8.3%	8.5%	0.0%	3.9%	4.0%	4.2%	10.2%	17.4%	17.44%

DuPont Factors

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.60	0.61	0.57	0.56	0.57	0.43	0.25	0.19	0.20	0.41	0.52	0.53	0.52	0.55	0.52	0.60	0.59	0.53	0.58	0.54	0.537
Interest Burden (EBT/EBIT)	1.45	1.59	2.05	1.89	1.89	1.71	1.61	2.33	1.84	1.82	1.77	1.69	1.56	1.71	1.76	1.20	1.15	1.00	1.41	2.89	2.891
EBIT Margin	0.18	0.18	0.12	0.13	0.14	0.13	0.12	0.08	0.11	0.13	0.14	0.15	0.15	0.15	0.14	0.22	0.23	0.22	0.19	0.08	0.082
Asset Turnover	0.14	0.16	0.16	0.17	0.17	0.15	0.15	0.14	0.14	0.16	0.18	0.20	0.20	0.20	0.21	0.21	0.21	0.20	0.22	0.21	0.213
Equity Multiplier	1.12	1.11	1.11	1.12	1.12	1.12	1.12	1.12	1.12	1.12	1.12	1.13	1.12	1.12	1.11	1.13	1.12	1.12	1.13	1.14	1.138

Per Share

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.02	$0.02	$0.01	$0.02	$0.02	$0.01	$0.00	$0.00	$0.00	$0.01	$0.01	$0.01	$0.01	$0.02	$0.01	$0.02	$0.02	$0.01	$0.02	$0.01	$0.01
Book Value/Share	$0.59	$0.60	$0.61	$0.59	$0.60	$0.58	$0.53	$0.51	$0.52	$0.50	$0.48	$0.48	$0.48	$0.49	$0.48	$0.48	$0.47	$0.47	$0.40	$0.40	$0.42
Tangible Book/Share	$0.59	$0.60	$0.61	$0.59	$0.60	$0.58	$0.53	$0.51	$0.52	$0.50	$0.48	$0.48	$0.48	$0.49	$0.48	$0.48	$0.47	$0.47	$0.40	$0.40	$0.40
Revenue/Share	$0.09	$0.11	$0.11	$0.11	$0.11	$0.10	$0.10	$0.09	$0.09	$0.10	$0.10	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11
FCF/Share	$0.03	$0.04	$0.04	$0.04	$0.05	$0.03	$0.03	$0.02	$0.02	$0.03	$0.03	$0.04	$0.04	$0.04	$0.04	$0.04	$0.05	$0.04	$0.05	$0.05	$0.05
OCF/Share	$0.04	$0.05	$0.05	$0.04	$0.05	$0.04	$0.03	$0.03	$0.03	$0.04	$0.04	$0.04	$0.04	$0.04	$0.05	$0.04	$0.05	$0.05	$0.05	$0.05	$0.05
Cash/Share	$0.22	$0.24	$0.25	$0.23	$0.24	$0.24	$0.20	$0.20	$0.21	$0.21	$0.19	$0.20	$0.20	$0.22	$0.22	$0.22	$0.00	$0.00	$0.00	$0.17	$0.17
EBITDA/Share	$0.05	$0.05	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.05	$0.04	$0.03	$0.02	$0.00	$0.00
Debt/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Net Debt/Share	$-0.22	$-0.24	$-0.25	$-0.23	$-0.24	$-0.24	$-0.20	$-0.20	$-0.21	$-0.21	$-0.19	$-0.20	$-0.20	$-0.21	$-0.21	$-0.22	$0.00	$0.00	$0.00	$-0.17	$-0.17

Academic Models

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.661
Altman Z-Prime	snapshot only																				7.667
Piotroski F-Score	7	7	6	8	9	4	5	5	6	8	8	8	7	7	8	8	7	6	8	6	6
Beneish M-Score	-3.47	-2.21	-2.60	-1.98	-2.76	-2.94	-3.80	-0.89	-3.67	-2.50	-2.59	-3.34	-2.72	-2.70	-2.81	1.81	-3.87	-3.98	-4.00	-2.90	-2.898
ROIC (Greenblatt)	snapshot only																				3.18%
Net-Net WC	snapshot only																				$-0.05
EVA	snapshot only																				$-10430886.02

Credit

Metric	Q1'21	Q2'21	Q3'21	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	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	98.13	89.00	89.00	97.96	89.00	89.00	89.00	96.03	89.00	89.00	97.75	97.90	97.91	97.97	97.93	97.99	89.00	89.00	89.00	92.18	92.177
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				-5.816
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				96
Sector Credit Rank	snapshot only																				96

BTE.SI SES

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

Sign in to InsiderStreet