— Know what they know.
Not Investment Advice
Also trades as: 0603.HK (HKSE) · $vol 0M

CLSZF OTC

China Oil And Gas Group Limited
1W: +0.0% 1M: +0.0% 3M: -64.7% YTD: -57.6% 1Y: -57.6% 3Y: +6.0% 5Y: -64.7%
$0.01
+0.00 (+0.00%)
 
OTC · Energy · Oil & Gas Refining & Marketing · Tech Score Sell · Power 50 · $59.8M mcap · 168M float · 0.0018% daily turnover · Short 86% of daily vol

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
14
Balance Sheet
49
Earnings Quality
70
Growth
1
Value
—
Momentum
40
Safety
—
Cash Flow
40

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
-0.84
Possible Manipulator
Ohlson O-Score
-6.96
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BBB-
Score: 50.9/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 14.32x
Accruals: -10.6%
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. CLSZF 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. CLSZF's score of -0.84 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. CLSZF's implied 0.1% 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. CLSZF receives an estimated rating of BBB- (score: 50.9/100), 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). CLSZF'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
24.00x
PEG
-0.06x
P/S
0.04x
P/B
0.14x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$0.70
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 24.0x earnings, CLSZF commands a growth premium. Graham's intrinsic value formula yields $0.70 per share, suggesting a potential 6490% 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
0.111
NI / EBT
×
Interest Burden
0.721
EBT / EBIT
×
EBIT Margin
0.089
EBIT / Rev
×
Asset Turnover
1.118
Rev / Assets
×
Equity Multiplier
5.472
Assets / Equity
=
ROE
4.4%
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. CLSZF's ROE of 4.4% is driven by financial leverage (equity multiplier: 5.47x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.11 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
0.00%
Fair P/E
8.50x
Intrinsic Value
$0.26
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 CLSZF's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. CLSZF trades at a premium to its adjusted intrinsic value of $0.26, 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 24.0x.

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
$0.01
Median 1Y
$0.00
5th Pctile
$0.00
95th Pctile
$0.03
Ann. Volatility
234.7%
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 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 Current
ROE 3.4% 4.0% 6.3% 18.4% 17.9% 17.7% 17.6% 18.0% 17.3% 10.3% 12.5% 22.6% 31.0% 45.6% 40.9% 15.9% 6.0% -3.6% -6.3% 4.4% 4.36%
ROA 0.8% 0.9% 1.4% 3.8% 3.8% 3.6% 3.8% 3.8% 3.5% 2.0% 2.4% 4.7% 6.5% 8.6% 8.7% 3.2% 1.2% -0.7% -1.4% 0.8% 0.80%
ROIC 16.8% 23.4% 19.4% 19.3% 20.7% 19.6% 20.2% 20.8% 19.7% 24.5% 25.2% 22.6% 25.9% 28.0% 24.6% 21.7% 15.1% 12.3% 9.1% 15.6% 15.58%
ROCE 13.6% 13.8% 15.2% 15.0% 17.1% 17.5% 23.1% 18.4% 17.6% 15.4% 16.1% 19.5% 22.9% 32.6% 32.5% 25.3% 16.4% 11.0% 11.5% 15.8% 15.79%
Gross Margin 17.9% 17.1% 17.3% 14.6% 17.0% 11.7% 15.3% 14.1% 16.1% 16.1% 17.0% 12.9% 15.4% 10.7% 13.0% 8.3% 12.2% 12.5% 12.5% 14.8% 14.80%
Operating Margin 13.4% 10.9% 13.5% 9.9% 13.6% 6.7% 11.3% 9.7% 11.8% 12.9% 12.6% 9.3% 12.2% 7.0% 9.8% 0.9% 9.6% 5.5% 9.7% 8.3% 8.32%
Net Margin 6.1% 3.5% 4.7% 2.0% 4.4% 1.5% 3.9% 2.5% 4.1% -2.8% 4.5% 8.0% 6.8% 4.0% 4.3% -6.8% 2.9% -1.1% 3.2% -2.3% -2.34%
EBITDA Margin 20.3% 17.4% 19.3% 15.3% 17.9% 12.6% 16.3% 16.4% 18.0% 19.0% 20.6% 10.4% 14.4% 16.8% 13.8% 2.3% 13.4% 9.9% 14.3% 13.7% 13.71%
FCF Margin -2.5% 3.8% 5.8% 6.5% 5.9% 4.1% 3.8% 4.2% 5.0% 6.1% 6.4% 5.4% 6.3% 10.6% 10.1% 9.5% 8.5% 4.9% 4.4% 5.8% 5.78%
OCF Margin 10.9% 15.5% 17.8% 19.0% 17.1% 15.6% 14.4% 13.8% 14.8% 15.0% 14.6% 15.3% 14.9% 15.4% 14.6% 12.2% 11.5% 9.6% 9.3% 10.2% 10.22%
ROE 3Y Avg snapshot only 13.90%
ROE 5Y Avg snapshot only 15.25%
ROA 3Y Avg snapshot only 2.73%
ROIC 3Y Avg snapshot only 10.86%
ROIC Economic snapshot only 10.03%
Cash ROA snapshot only 11.10%
Cash ROIC snapshot only 29.48%
CROIC snapshot only 16.68%
NOPAT Margin snapshot only 5.40%
Pretax Margin snapshot only 6.43%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 4.56%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q2'16 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 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 24.000
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.045
P/B Ratio — — — — — — — — — — — — — — — — — — — — 0.142
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
Graham Number snapshot only $0.70
Leverage & Solvency
Metric Trend Q2'16 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 Current
Current Ratio 1.28 1.21 1.21 1.08 1.05 1.02 0.71 1.08 1.09 1.21 1.24 1.17 1.12 0.68 0.73 0.68 1.00 1.20 0.78 0.86 0.860
Quick Ratio 1.23 1.14 1.15 1.02 0.99 0.96 0.66 1.02 1.04 1.15 1.18 1.10 1.02 0.62 0.66 0.61 0.92 1.15 0.68 0.83 0.833
Debt/Equity 1.76 1.90 1.77 1.71 1.90 2.05 1.97 2.00 2.14 2.07 2.56 1.84 1.76 2.00 1.48 2.04 2.06 2.34 2.05 2.33 2.325
Net Debt/Equity 1.14 0.70 1.18 1.01 1.10 1.21 1.26 1.18 1.21 1.08 1.01 1.05 1.02 1.07 0.92 1.19 1.21 1.16 1.14 1.07 1.065
Debt/Assets 0.39 0.39 0.39 0.37 0.39 0.41 0.41 0.41 0.42 0.41 0.47 0.39 0.39 0.37 0.36 0.37 0.40 0.41 0.42 0.42 0.424
Debt/EBITDA 2.22 2.28 2.10 2.26 2.34 2.37 2.23 2.21 2.36 2.16 2.55 2.13 1.96 1.72 1.61 1.85 2.19 3.39 3.59 2.96 2.959
Net Debt/EBITDA 1.43 0.85 1.40 1.33 1.35 1.40 1.43 1.31 1.33 1.12 1.00 1.22 1.13 0.91 1.00 1.08 1.29 1.67 1.99 1.36 1.356
Interest Coverage — — — — — — 18.73 9.14 5.92 3.96 4.44 5.08 5.52 6.60 6.53 6.81 6.42 6.45 6.11 4.65 4.647
Equity Multiplier 4.50 4.81 4.54 4.65 4.84 5.02 4.84 4.87 5.06 5.10 5.46 4.73 4.57 5.43 4.14 5.46 5.17 5.66 4.92 5.48 5.485
Cash Ratio snapshot only 0.595
Debt Service Coverage snapshot only 6.871
Cash to Debt snapshot only 0.542
FCF to Debt snapshot only 0.148
Defensive Interval snapshot only 2343.6 days
Efficiency & Turnover
Metric Trend Q2'16 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 Current
Asset Turnover 1.04 0.95 0.93 0.95 1.05 1.15 1.23 1.22 1.15 1.17 1.16 1.26 1.42 1.50 1.54 1.65 1.51 1.25 1.24 1.12 1.118
Inventory Turnover 72.53 60.37 64.97 52.72 64.51 61.18 68.50 66.24 68.42 57.30 54.15 62.47 60.25 60.12 57.76 63.27 53.90 55.44 35.33 50.83 50.827
Receivables Turnover 19.51 17.78 16.83 11.72 19.07 23.90 30.85 18.87 25.47 32.81 31.42 35.31 31.59 25.68 31.43 45.53 36.59 14.74 29.23 36.11 36.106
Payables Turnover 21.03 18.91 19.43 21.01 26.49 26.91 26.60 35.71 43.44 36.69 34.93 21.29 48.84 46.49 59.43 28.50 47.16 45.84 56.41 35.55 35.547
DSO 19 21 22 31 19 15 12 19 14 11 12 10 12 14 12 8 10 25 12 10 10.1 days
DIO 5 6 6 7 6 6 5 6 5 6 7 6 6 6 6 6 7 7 10 7 7.2 days
DPO 17 19 19 17 14 14 14 10 8 10 10 17 7 8 6 13 8 8 6 10 10.3 days
Cash Conversion Cycle 6 7 9 21 11 8 3 15 11 8 8 -1 10 12 12 1 9 23 16 7 7.0 days
Fixed Asset Turnover snapshot only 2.303
Operating Cycle snapshot only 17.3 days
Cash Velocity snapshot only 4.731
Capital Intensity snapshot only 0.920
Growth (YoY)
Metric Trend Q2'16 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 Current
Revenue 34.3% -2.2% -9.9% -6.5% 5.7% 23.5% 36.2% 39.5% 22.8% 21.3% 21.3% 25.9% 46.2% 53.5% 51.4% 45.1% 14.5% -13.9% -23.7% -33.3% -33.28%
Net Income -85.5% -82.0% -67.6% 3.5% 4.0% 3.2% 1.7% 9.0% 1.4% -32.4% -17.5% 52.2% 1.2% 4.1% 3.1% -26.4% -79.3% -1.1% -1.2% -75.1% -75.07%
EPS -84.9% -81.0% -69.3% 3.6% 4.3% 3.4% 1.8% 12.5% 3.1% -30.7% -19.6% 56.3% 1.2% 4.2% 3.3% -23.9% -79.9% -1.1% -1.1% -79.4% -79.35%
FCF -4.9% 1.5% 2.0% 4.4% 3.5% 33.0% -10.5% -9.9% 3.7% 82.8% 1.0% 63.0% 84.2% 1.7% 1.4% 1.5% 54.2% -60.3% -66.9% -59.6% -59.60%
EBITDA 12.5% -9.6% 8.7% 8.3% 13.1% 17.7% 10.6% 23.5% 11.7% 30.6% 45.0% 32.1% 45.5% 36.2% 13.4% 2.0% -18.2% -48.7% -50.1% -25.1% -25.07%
Op. Income -19.7% -28.5% -2.9% 10.1% 28.6% 26.7% 14.4% 22.6% 1.3% 28.0% 37.2% 39.6% 71.7% 35.1% 21.1% -8.1% -37.1% -48.3% -53.0% -22.2% -22.25%
OCF Growth snapshot only -44.17%
Asset Growth snapshot only 5.89%
Equity Growth snapshot only 5.38%
Debt Growth snapshot only 19.86%
Shares Change snapshot only 20.75%
Growth (CAGR)
Metric Trend Q2'16 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 Current
Revenue 3Y 1.8% 1.2% 78.1% 59.0% 57.0% 54.3% 42.4% 30.3% 20.3% 13.5% 14.2% 18.0% 23.8% 32.0% 35.7% 36.6% 27.2% 17.0% 11.9% 6.8% 6.83%
Revenue 5Y — — — — — — — — 96.8% 73.6% 56.3% 47.8% 47.3% 46.9% 39.6% 32.3% 23.9% 14.1% 11.5% 9.7% 9.74%
EPS 3Y 10.6% -8.8% -10.1% 12.1% 6.6% -1.7% -1.3% -4.4% -6.5% -16.9% -11.4% 1.0% 1.3% 1.5% 1.1% 10.2% -23.5% — — -37.4% -37.37%
EPS 5Y — — — — — — — — 49.0% 18.0% 10.5% 19.9% 22.0% 28.0% 27.1% 0.8% -18.7% — — 5.1% 5.08%
Net Income 3Y 9.1% -10.2% -11.6% 9.6% 3.5% -4.8% -4.5% -7.3% -9.6% -20.3% -10.2% 95.5% 1.2% 1.4% 1.1% 6.9% -22.6% — — -34.6% -34.64%
Net Income 5Y — — — — — — — — 46.0% 15.3% 9.1% 16.9% 19.9% 24.2% 24.2% -2.2% -19.5% — — 6.5% 6.52%
EBITDA 3Y 2.0% 1.3% 1.0% 79.0% 72.0% 62.9% 36.6% 20.7% 12.4% 11.6% 20.4% 20.9% 22.5% 27.9% 22.1% 18.5% 10.0% -3.0% -6.4% 0.3% 0.32%
EBITDA 5Y — — — — — — — — 1.0% 81.4% 68.1% 56.4% 52.6% 50.4% 33.2% 18.8% 11.1% -0.6% -0.3% 6.2% 6.20%
Gross Profit 3Y 1.5% 95.7% 66.5% 46.9% 44.0% 37.1% 23.5% 12.7% 5.9% 6.9% 15.0% 20.3% 25.7% 26.5% 22.8% 21.6% 10.7% 5.9% 1.4% 3.2% 3.18%
Gross Profit 5Y — — — — — — — — 80.6% 61.6% 47.5% 38.8% 37.8% 34.3% 24.8% 16.0% 8.6% 3.3% 3.9% 7.6% 7.58%
Op. Income 3Y 1.8% 1.2% 94.5% 72.0% 66.5% 55.2% 27.1% 10.6% 1.5% 5.1% 15.1% 23.5% 30.8% 29.9% 23.9% 16.3% 3.0% -3.6% -7.9% -0.1% -0.06%
Op. Income 5Y — — — — — — — — 95.6% 77.6% 63.1% 54.2% 51.7% 45.3% 27.8% 11.7% 2.5% -4.1% -2.8% 6.1% 6.15%
FCF 3Y — — — — 1.4% 58.4% 55.3% — — — — — — 86.4% 62.7% 55.3% 43.4% 24.6% 16.8% 18.8% 18.82%
FCF 5Y — — — — — — — — — — — — 93.3% 80.8% 78.3% — — — — — —
OCF 3Y 2.4% 2.0% 1.1% 79.8% 57.3% 42.2% 36.6% 25.4% 21.4% 21.7% 28.2% 29.5% 37.4% 31.6% 27.0% 17.9% 11.3% -0.5% -3.4% -3.4% -3.40%
OCF 5Y — — — — — — — — 1.3% 1.1% 64.7% 52.4% 43.6% 39.6% 36.4% 26.1% 18.4% 8.8% 9.2% 7.1% 7.08%
Assets 3Y 51.8% 45.0% 31.4% 29.8% 26.2% 20.4% 12.0% 11.5% 4.6% 7.6% 14.4% 17.1% 18.2% 19.0% 14.8% 10.3% 7.3% 8.9% 8.7% 9.4% 9.45%
Assets 5Y — — — — — — — — 34.3% 34.0% 29.7% 26.1% 22.8% 20.1% 13.5% 11.4% 6.1% 6.0% 6.1% 9.4% 9.39%
Equity 3Y 9.7% 5.2% 6.4% 6.6% 5.6% 0.2% 0.0% -0.8% -2.9% 1.6% 6.5% 19.9% 17.6% 14.3% 18.5% 4.5% 4.9% 4.6% 8.2% 5.2% 5.18%
Book Value 3Y 11.2% 6.9% 8.2% 9.0% 8.7% 3.4% 3.4% 2.2% 0.5% 5.9% 5.0% 23.5% 19.1% 18.3% 20.8% 7.8% 3.7% 1.2% 6.8% 0.8% 0.78%
Dividend 3Y 7.1% — -7.0% -6.4% 12.5% — 18.4% 18.0% -19.4% -18.9% — — — — — — — — — — —
Growth Quality
Metric Trend Q2'16 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 Current
Revenue Stability 0.98 0.87 0.83 0.84 0.89 0.78 0.78 0.84 0.95 0.92 0.92 0.94 0.95 0.94 0.93 0.91 0.93 0.77 0.65 0.51 0.515
Earnings Stability 0.02 0.00 0.03 0.01 0.09 0.02 0.00 0.01 0.14 0.00 0.00 0.23 0.26 0.24 0.30 0.16 0.01 0.00 0.00 0.03 0.025
Margin Stability 0.83 0.85 0.83 0.80 0.82 0.83 0.80 0.78 0.80 0.83 0.85 0.83 0.82 0.81 0.78 0.75 0.76 0.82 0.85 0.90 0.896
Rev. Growth Consistency 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 0.00 0.00 1.00 1.00 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.96 0.99 0.87 0.93 0.50 0.50 0.50 0.50 0.89 0.50 0.20 0.20 0.50 0.500
Earnings Smoothness 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.91 0.99 0.61 0.81 0.59 0.25 0.00 0.00 0.70 0.00 — — 0.00 0.000
ROE Trend -0.16 -0.15 -0.12 0.04 0.04 0.05 0.05 0.07 0.07 -0.01 -0.01 0.02 0.09 0.30 0.23 -0.01 -0.15 -0.30 -0.31 -0.14 -0.145
Gross Margin Trend -0.07 -0.04 -0.02 -0.02 -0.01 -0.02 -0.02 -0.01 -0.01 -0.00 -0.00 -0.00 -0.00 -0.01 -0.02 -0.03 -0.04 -0.03 -0.03 -0.00 -0.004
FCF Margin Trend -0.03 0.05 0.07 0.10 0.07 0.06 0.04 0.02 0.03 0.02 0.02 0.00 0.01 0.06 0.05 0.05 0.03 -0.03 -0.04 -0.02 -0.017
Sustainable Growth Rate 2.3% 4.0% 5.4% 17.4% 16.4% 16.0% 16.3% 16.7% 16.6% 9.6% 12.5% 22.6% 31.0% 45.6% 40.9% 15.9% 6.0% — — 4.4% 4.36%
Internal Growth Rate 0.5% 0.9% 1.2% 3.7% 3.6% 3.4% 3.6% 3.6% 3.5% 1.9% 2.5% 5.0% 6.9% 9.5% 9.5% 3.3% 1.3% — — 0.8% 0.80%
Cash Flow Quality
Metric Trend Q2'16 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 Current
OCF/Net Income 14.18 16.77 11.61 4.76 4.66 4.99 4.74 4.44 4.88 8.60 7.03 4.06 3.26 2.69 2.59 6.39 13.86 -18.40 -8.23 14.32 14.316
FCF/OCF -0.23 0.24 0.33 0.34 0.35 0.26 0.27 0.30 0.34 0.41 0.44 0.36 0.42 0.69 0.69 0.78 0.74 0.51 0.47 0.57 0.566
FCF/Net Income snapshot only 8.100
OCF/EBITDA snapshot only 0.775
CapEx/Revenue 13.5% 11.8% 11.9% 12.5% 11.2% 11.5% 10.6% 9.6% 9.8% 8.8% 8.1% 9.8% 8.6% 4.8% 4.5% 2.7% 3.0% 4.7% 4.9% 4.4% 4.44%
CapEx/Depreciation snapshot only 1.042
Accruals Ratio -0.11 -0.14 -0.15 -0.14 -0.14 -0.14 -0.14 -0.13 -0.14 -0.15 -0.15 -0.14 -0.15 -0.15 -0.14 -0.17 -0.16 -0.13 -0.13 -0.11 -0.106
Sloan Accruals snapshot only 0.027
Cash Flow Adequacy snapshot only 2.303
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'16 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 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 0.00%
Dividend/Share $0.01 $0.00 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $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
Payout Ratio 33.1% 0.0% 14.0% 5.2% 8.6% 9.3% 7.7% 7.1% 4.0% 6.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% — — 0.0% 0.00%
FCF Payout Ratio — 0.0% 3.7% 3.2% 5.3% 7.2% 6.1% 5.3% 2.4% 1.8% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Payout Ratio 2.3% 1.4% 54.5% 29.4% 36.3% 34.9% 29.2% 15.6% 7.4% 12.0% 4.3% 0.0% 0.0% 3.1% 2.9% 8.1% 20.7% — — 0.0% 0.00%
Div. Increase Streak 1 — 0 0 1 0 0 0 0 0 — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q2'16 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 Current
Tax Burden (NI/EBT) 0.13 0.14 0.19 0.34 0.33 0.31 0.30 0.32 0.33 0.22 0.25 0.36 0.42 0.49 0.50 0.28 0.15 -0.12 -0.30 0.11 0.111
Interest Burden (EBT/EBIT) 0.61 0.61 0.66 0.95 0.87 0.87 0.85 0.84 0.83 0.74 0.77 0.80 0.82 0.85 0.87 0.79 0.77 0.71 0.65 0.72 0.721
EBIT Margin 0.10 0.11 0.13 0.12 0.13 0.12 0.12 0.12 0.11 0.11 0.11 0.13 0.13 0.14 0.13 0.09 0.07 0.06 0.06 0.09 0.089
Asset Turnover 1.04 0.95 0.93 0.95 1.05 1.15 1.23 1.22 1.15 1.17 1.16 1.26 1.42 1.50 1.54 1.65 1.51 1.25 1.24 1.12 1.118
Equity Multiplier 4.25 4.52 4.47 4.84 4.68 4.92 4.70 4.76 4.95 5.06 5.19 4.79 4.77 5.28 4.73 5.05 4.83 5.54 4.49 5.47 5.472
Per Share
Metric Trend Q2'16 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 Current
EPS (Diluted TTM) $0.02 $0.02 $0.04 $0.11 $0.12 $0.11 $0.11 $0.12 $0.12 $0.07 $0.09 $0.19 $0.26 $0.39 $0.39 $0.15 $0.05 $-0.03 $-0.06 $0.03 $0.03
Book Value/Share $0.58 $0.54 $0.60 $0.65 $0.68 $0.64 $0.66 $0.70 $0.69 $0.78 $0.81 $0.99 $0.99 $0.90 $1.05 $0.82 $0.75 $0.67 $0.80 $0.71 $1.54
Tangible Book/Share $0.32 $0.28 $0.33 $0.36 $0.38 $0.36 $0.46 $0.31 $0.49 $0.37 $0.61 $0.57 $0.78 $0.47 $0.85 $0.50 $0.56 $0.41 $0.60 $0.53 $0.53
Revenue/Share $2.85 $2.65 $2.62 $2.76 $3.14 $3.43 $3.71 $3.97 $3.92 $4.26 $4.38 $5.13 $5.61 $6.75 $6.94 $7.70 $6.23 $4.98 $5.00 $4.26 $2.91
FCF/Share $-0.07 $0.10 $0.15 $0.18 $0.19 $0.14 $0.14 $0.17 $0.20 $0.26 $0.28 $0.28 $0.35 $0.72 $0.70 $0.74 $0.53 $0.24 $0.22 $0.25 $0.24
OCF/Share $0.31 $0.41 $0.47 $0.52 $0.54 $0.53 $0.54 $0.55 $0.58 $0.64 $0.64 $0.78 $0.84 $1.04 $1.01 $0.94 $0.71 $0.48 $0.46 $0.43 $0.37
Cash/Share $0.36 $0.65 $0.35 $0.46 $0.54 $0.54 $0.47 $0.57 $0.64 $0.78 $1.26 $0.78 $0.73 $0.84 $0.59 $0.70 $0.63 $0.79 $0.73 $0.90 $0.97
EBITDA/Share $0.46 $0.45 $0.50 $0.50 $0.55 $0.56 $0.58 $0.63 $0.62 $0.75 $0.82 $0.86 $0.89 $1.05 $0.97 $0.90 $0.70 $0.46 $0.46 $0.56 $0.56
Debt/Share $1.03 $1.03 $1.06 $1.12 $1.28 $1.32 $1.30 $1.39 $1.47 $1.61 $2.09 $1.82 $1.74 $1.80 $1.57 $1.67 $1.55 $1.56 $1.64 $1.66 $1.66
Net Debt/Share $0.67 $0.38 $0.71 $0.66 $0.74 $0.78 $0.83 $0.83 $0.83 $0.84 $0.82 $1.04 $1.01 $0.96 $0.97 $0.98 $0.91 $0.77 $0.91 $0.76 $0.76
Academic Models
Metric Trend Q2'16 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 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 7 6 5 6 5 6 6 6 6 8 5 8 7 7 7 6 4 4 3 5 5
Beneish M-Score -2.69 -3.13 -3.37 -2.14 -2.91 -2.85 -3.26 -2.90 -3.19 -3.16 -1.98 -3.11 -2.38 -1.43 -2.66 -3.16 -3.42 -2.74 -3.51 -0.84 -0.842
Ohlson O-Score snapshot only -6.956
ROIC (Greenblatt) snapshot only 23.20%
Net-Net WC snapshot only $-1.24
EVA snapshot only $463400161.70
Credit
Metric Trend Q2'16 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 Current
Credit Rating snapshot only BBB-
Credit Score 62.35 64.15 65.65 65.30 63.10 63.10 60.45 61.20 58.70 56.30 54.80 59.30 61.70 65.00 66.60 65.00 63.50 55.70 52.10 50.90 50.900
Credit Grade snapshot only 10
Credit Trend snapshot only -14.100
Implied Spread (bps) snapshot only 350.000

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