— Know what they know.
Not Investment Advice

DALXF OTC

Spartan Delta Corp.
1W: -6.3% 1M: -12.2% 3M: +6.6% YTD: +57.9% 1Y: +117.8% 3Y: +111.4% 5Y: +731.1%
$8.56
-0.23 (-2.62%)
 
Weekly Expected Move ±5.2%
$8 $8 $9 $9 $9
OTC · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 37 · $1.8B mcap · 181M float · 0.034% daily turnover · Short 31% 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: 5Hold: 0Sell: 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.

C+
Oct 02, 2026
DCF
1
ROE
4
ROA
5
D/E
1
P/E
1
P/B
1
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. DALXF receives an overall rating of C+. Strongest factors: ROE (4/5), ROA (5/5). Areas of concern: DCF (1/5), D/E (1/5), P/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-05-26 B- C+
2026-05-18 C+ B-
2026-05-08 B C+
2026-04-24 B- B
2026-02-26 B B-
2026-02-24 B- B
2026-02-09 C+ B-
2026-01-21 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.

★ ★ ★ ★ ★ — Grade A+
Profitability
68
Balance Sheet
68
Earnings Quality
49
Growth
76
Value
—
Momentum
100
Safety
—
Cash Flow
35

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
6/9
✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓ ✓
Beneish M-Score
-2.94
Unlikely Manipulator
Ohlson O-Score
-7.94
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BBB+
Score: 60.9/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 4.58x
Accruals: -20.6%
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. DALXF 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. DALXF's score of -2.94 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. DALXF'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. DALXF receives an estimated rating of BBB+ (score: 60.9/100), with a improving 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). DALXF'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
36.51x
PEG
0.46x
P/S
4.96x
P/B
3.58x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$5.08
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 36.5x earnings, DALXF commands a growth premium. Graham's intrinsic value formula yields $5.08 per share, 68% 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
0.754
NI / EBT
×
Interest Burden
0.666
EBT / EBIT
×
EBIT Margin
0.261
EBIT / Rev
×
Asset Turnover
0.440
Rev / Assets
×
Equity Multiplier
1.839
Assets / Equity
=
ROE
10.6%
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. DALXF's ROE of 10.6% is driven by Asset Turnover (0.440), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

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

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

Adj. Growth Rate
15.00%
Fair P/E
38.50x
Intrinsic Value
$12.82
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 DALXF's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. DALXF trades at a premium to its adjusted intrinsic value of $12.82, 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 36.5x.

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
$8.56
Median 1Y
$0.04
5th Pctile
$0.00
95th Pctile
$7.39
Ann. Volatility
322.9%
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 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
ROE 49.5% 65.3% 49.3% 63.2% 60.1% 56.7% 55.8% 1.4% 80.8% 68.1% 58.1% 37.8% 35.7% 7.6% 3.6% 7.0% 7.2% 12.5% 10.2% 10.6% 10.59%
ROA 21.6% 32.2% 27.0% 39.2% 36.0% 35.5% 35.6% 45.5% 49.9% 45.4% 39.3% 8.6% 15.7% 3.9% 2.0% 3.9% 3.9% 6.6% 5.3% 5.8% 5.76%
ROIC 11.4% 19.6% 27.1% 37.3% 46.2% 47.0% 40.8% -35.8% 79.0% 37.0% 38.8% 39.6% 41.3% 13.3% 9.9% 5.8% 4.0% 5.7% 7.8% 10.6% 10.60%
ROCE 16.1% 24.7% 26.6% 40.9% 39.9% 40.6% 46.1% 2.6% 2.2% 1.4% 1.2% 15.5% 12.9% 7.9% 4.8% 7.9% 7.6% 9.1% 13.7% 13.5% 13.46%
Gross Margin 72.8% 72.5% 76.4% 76.0% 75.1% 71.8% 65.8% 74.6% 64.4% 59.6% 65.8% 49.8% 44.0% 51.5% 51.4% 48.7% 10.2% 30.1% 35.3% 56.8% 56.79%
Operating Margin 51.2% 48.5% 51.7% 55.6% 50.9% 51.4% 30.0% 40.5% 29.4% 27.0% 57.7% 40.8% 35.8% 11.5% 13.4% 9.6% 0.9% 23.6% 28.7% 31.2% 31.18%
Net Margin 85.3% 42.9% 18.8% 41.3% 81.6% 42.5% 27.1% 2.7% 10.8% 1.3% 15.1% 19.1% 5.7% 6.1% -5.4% 37.3% 6.5% 28.6% -10.0% 22.1% 22.15%
EBITDA Margin 68.5% 65.0% 65.6% 66.1% 66.4% 69.1% 53.7% 57.2% 50.3% 55.4% 57.0% 61.4% 55.6% 48.2% 27.1% 86.3% 59.3% 60.7% 63.9% 58.5% 58.54%
FCF Margin 8.8% -53.9% -33.9% -14.8% -3.1% 24.0% 27.2% 25.4% 21.0% 27.3% 26.1% 25.0% 8.4% 4.1% -2.3% -21.0% -24.7% -29.6% -28.2% -21.0% -21.04%
OCF Margin 41.0% 45.2% 44.1% 47.2% 52.4% 53.9% 59.4% 65.2% 66.9% 71.8% 74.1% 64.6% 59.9% 58.9% 57.5% 54.7% 57.0% 56.0% 58.2% 60.0% 60.05%
ROE 3Y Avg snapshot only 15.82%
ROE 5Y Avg snapshot only 81.81%
ROA 3Y Avg snapshot only 8.33%
ROIC 3Y Avg snapshot only 11.99%
ROIC Economic snapshot only 10.41%
Cash ROA snapshot only 22.92%
Cash ROIC snapshot only 34.92%
CROIC snapshot only -12.24%
NOPAT Margin snapshot only 18.22%
Pretax Margin snapshot only 17.37%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 6.30%
SBC / Revenue snapshot only 2.10%
Valuation
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 36.511
P/S Ratio — — — — — — — — — — — — — — — — — — — — 4.961
P/B Ratio — — — — — — — — — — — — — — — — — — — — 3.584
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.462
Graham Number snapshot only $5.08
Leverage & Solvency
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Current Ratio 0.44 0.45 0.54 0.71 0.97 1.11 3.25 0.97 0.87 0.89 0.84 0.93 0.80 0.87 0.71 0.80 0.74 0.87 0.58 0.73 0.731
Quick Ratio 0.44 0.43 0.54 0.71 0.97 1.11 3.25 0.97 0.87 0.89 0.84 0.93 0.80 0.87 0.71 0.80 0.74 0.87 0.58 0.73 0.731
Debt/Equity 0.65 0.50 0.43 0.24 0.13 0.13 0.12 0.61 0.59 0.19 0.19 0.30 0.28 0.31 0.08 0.15 0.21 0.29 0.40 0.30 0.304
Net Debt/Equity 0.64 0.50 0.43 0.24 0.10 0.04 0.04 -5.26 0.14 0.18 -0.16 0.30 0.28 0.31 0.08 0.15 -0.04 0.06 0.16 0.27 0.266
Debt/Assets 0.29 0.25 0.23 0.15 0.10 0.09 0.09 0.08 0.22 0.10 0.10 0.16 0.14 0.16 0.05 0.08 0.12 0.16 0.19 0.16 0.158
Debt/EBITDA 2.38 1.16 0.74 0.35 0.21 0.19 0.20 0.25 0.33 0.22 0.36 0.78 0.77 0.90 0.32 0.49 0.67 0.82 0.89 0.68 0.682
Net Debt/EBITDA 2.35 1.16 0.73 0.34 0.16 0.07 0.06 -2.16 0.08 0.22 -0.30 0.78 0.77 0.89 0.31 0.49 -0.12 0.16 0.37 0.60 0.597
Interest Coverage 33.61 27.24 19.94 23.49 22.94 25.63 27.52 35.35 26.60 19.78 19.41 3.81 4.62 5.02 3.06 6.19 6.90 8.58 10.90 9.06 9.057
Equity Multiplier 2.23 1.97 1.91 1.59 1.38 1.38 1.36 8.10 2.71 1.91 1.88 1.93 1.98 1.98 1.73 1.73 1.79 1.81 2.10 1.93 1.929
Cash Ratio snapshot only 0.076
Debt Service Coverage snapshot only 21.032
Cash to Debt snapshot only 0.125
FCF to Debt snapshot only -0.509
Defensive Interval snapshot only 439.6 days
Efficiency & Turnover
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.36 0.60 0.70 0.96 0.78 0.77 0.74 0.56 0.66 0.45 0.28 0.19 0.34 0.34 0.35 0.34 0.35 0.37 0.37 0.44 0.440
Inventory Turnover — 63.11 — — — 138.13 — — — — — — — — — — — — — — —
Receivables Turnover 8.46 11.12 11.42 13.55 16.45 13.37 13.95 13.83 13.97 7.79 6.92 11.42 9.85 6.78 10.60 12.99 11.25 7.21 9.43 14.50 14.504
Payables Turnover 1.30 1.61 1.84 2.33 2.34 2.77 2.12 2.10 2.16 2.46 1.02 1.47 1.45 1.68 1.64 1.85 2.01 2.63 2.26 2.19 2.186
DSO 43 33 32 27 22 27 26 26 26 47 53 32 37 54 34 28 32 51 39 25 25.2 days
DIO -5 6 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 days
DPO 281 227 199 156 156 132 172 173 169 148 357 248 252 217 222 197 182 139 162 167 167.0 days
Cash Conversion Cycle -243 -189 -167 -130 -134 -102 -146 -147 -143 -101 -305 -216 -215 -164 -188 -169 -149 -88 -123 -142 -141.8 days
Fixed Asset Turnover snapshot only 0.475
Cash Velocity snapshot only 19.319
Capital Intensity snapshot only 2.620
Growth (YoY)
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue 5.9% 5.2% 4.1% 3.7% 2.9% 1.4% 68.0% -1.2% -34.0% -55.1% -71.6% -73.3% -68.0% -55.4% -24.1% 3.2% 17.5% 33.1% 37.6% 62.2% 62.24%
Net Income 5.2% 6.0% 2.0% 4.9% 2.0% 1.0% 1.1% 97.0% 7.4% -2.6% -16.8% -85.2% -80.2% -94.8% -97.0% -74.5% -72.2% 1.0% 2.4% 89.9% 89.85%
EPS 1.9% 1.9% 43.7% 3.4% 1.5% 95.9% 1.0% 97.2% 7.1% -1.3% -15.5% -85.4% -80.3% -94.9% -97.2% -77.9% -76.1% 72.5% 2.3% 81.5% 81.47%
FCF 1.3% -2.6% -2.0% -5.0% -2.4% 2.1% 2.3% 2.7% 5.5% -49.1% -72.8% -73.7% -87.2% -93.3% -1.1% -1.9% -4.5% -10.6% -15.5% -62.8% -62.79%
EBITDA 19.7% 35.9% 10.0% 6.7% 3.5% 1.6% 70.0% -6.4% -39.9% -63.4% -75.5% -76.1% -69.4% -54.6% -36.4% -0.5% 12.2% 39.8% 97.7% 82.3% 82.32%
Op. Income 10.6% 98.3% 11.9% 7.9% 4.2% 1.8% 69.0% -16.8% -49.1% -72.5% -77.2% -76.9% -68.2% -50.7% -53.1% -56.3% -73.3% -50.6% 4.6% 1.4% 1.44%
OCF Growth snapshot only 78.13%
Asset Growth snapshot only 35.70%
Equity Growth snapshot only 21.62%
Debt Growth snapshot only 1.53%
Shares Change snapshot only 4.62%
Growth (CAGR)
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue 3Y 4.6% 5.7% 6.6% 7.6% 8.6% 8.6% 8.9% 3.5% 1.6% 88.0% 34.8% 7.6% -6.5% -21.8% -28.7% -35.1% -37.2% -35.6% -33.3% -23.5% -23.50%
Revenue 5Y 6.0% 3.1% 2.8% 2.7% 2.6% 2.7% 2.7% 2.6% 2.4% 2.2% 1.9% 1.8% 1.8% 1.8% 1.9% 90.1% 45.8% 31.6% 20.7% 15.9% 15.86%
EPS 3Y — — — — — — — 85.5% 98.6% 77.0% 35.2% 8.2% -18.9% -53.7% -63.7% -60.0% -63.1% -55.6% -57.6% -61.1% -61.13%
EPS 5Y — — — — — — — — — — — — — — — -27.0% -18.1% -13.3% -25.9% -12.7% -12.68%
Net Income 3Y — — — — — — — 1.9% 1.7% 1.4% 74.0% 20.0% -13.8% -53.2% -62.4% -57.9% -61.0% -53.2% -55.7% -58.5% -58.45%
Net Income 5Y — — — — — — — — — — — — — — — -2.4% 2.0% 8.0% -11.2% -3.5% -3.45%
EBITDA 3Y — — — — — — — — — 2.3% 65.9% 19.7% -5.9% -24.5% -35.8% -39.4% -40.9% -38.5% -32.5% -24.3% -24.33%
EBITDA 5Y — — — — — — — — — — — — — — — — — 85.9% 41.9% 25.5% 25.50%
Gross Profit 3Y 5.4% 9.8% 10.9% 19.7% — — — 5.2% 1.7% 91.0% 33.0% 1.7% -14.3% -29.6% -37.6% -43.6% -48.6% -49.9% -49.3% -38.1% -38.09%
Gross Profit 5Y 6.2% 3.3% 2.9% 2.9% 2.8% 3.0% 3.1% 3.0% 2.7% 3.2% 2.7% 3.5% — — — 1.1% 35.6% 16.9% 2.9% 2.2% 2.20%
Op. Income 3Y — — — — — — — — — — 70.9% 19.6% -5.6% -27.6% -43.4% -56.2% -64.9% -59.4% -51.8% -37.4% -37.36%
Op. Income 5Y — — — — — — — — — — — — — — — — — — 19.6% 12.8% 12.80%
FCF 3Y — — — — — — — — — — — 21.8% -7.9% — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — 2.4% 1.5% 68.3% 20.3% 6.1% -14.6% -22.1% -31.9% -35.3% -34.8% -33.8% -25.6% -25.57%
OCF 5Y — — — — — — — — — — — — — — — — 66.7% 46.9% 31.3% 22.1% 22.10%
Assets 3Y 4.0% 4.2% 4.3% 4.4% 4.6% 2.9% 3.1% 94.6% 37.5% 35.2% 7.0% 6.6% -18.2% -18.8% -18.7% -17.0% -17.8% -17.7% -14.4% -17.4% -17.42%
Assets 5Y 5.5% 1.8% 1.8% 1.7% 1.8% 1.7% 1.7% 1.8% 1.3% 1.3% 1.3% 1.4% 1.4% 93.7% 99.3% 25.1% 26.9% 28.7% 14.7% 14.0% 14.04%
Equity 3Y 4.5% 5.6% 6.1% 7.5% 9.6% 2.9% 3.2% 33.1% 36.8% 46.2% 2.2% 1.6% -15.0% -19.0% -16.0% -19.3% -24.7% -24.7% -25.9% 33.2% 33.20%
Book Value 3Y 8.8% 24.0% 32.5% 57.7% 97.0% 16.2% 1.2% -13.8% 0.1% 7.6% -20.6% -8.5% -20.1% -19.9% -19.1% -23.3% -28.7% -28.7% -29.1% 24.6% 24.63%
Dividend 3Y — — — — — — — — — — 1.1% 1.4% -93.3% -96.8% -96.9% — — — — — —
Growth Quality
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue Stability 0.50 0.51 0.53 0.55 0.58 0.67 0.74 0.75 0.65 0.52 0.35 0.25 0.16 0.09 0.03 0.01 0.00 0.00 0.00 0.00 0.000
Earnings Stability 0.53 0.52 0.62 0.58 0.66 0.73 0.77 0.75 0.85 0.88 0.86 0.31 0.29 0.16 0.12 0.01 0.00 0.02 0.06 0.11 0.107
Margin Stability 0.30 0.00 0.00 0.37 0.32 0.00 0.00 0.64 0.82 0.60 0.62 0.49 0.32 0.00 0.00 0.66 0.78 0.74 0.70 0.75 0.751
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.000
Earn. Growth Consistency 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 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.500
FCF Positive Streak 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0
Earnings Persistence 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.97 0.99 0.93 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.500
Earnings Smoothness 0.00 0.00 0.00 0.00 0.00 0.32 0.29 0.35 0.93 0.97 0.82 0.00 0.00 0.00 0.00 0.00 0.00 0.32 0.00 0.38 0.380
ROE Trend 1.59 0.24 0.37 0.18 0.17 0.09 0.13 2.86 1.84 1.13 0.93 -1.49 -1.04 -0.92 -0.86 -1.69 -1.19 -0.70 -0.59 -0.09 -0.093
Gross Margin Trend 0.47 0.60 1.82 0.26 0.10 0.07 0.00 -0.01 -0.04 -0.07 -0.05 -0.13 -0.17 -0.18 -0.21 -0.16 -0.21 -0.25 -0.27 -0.17 -0.167
FCF Margin Trend 1.28 0.34 0.60 4.18 0.82 0.98 0.73 0.24 0.18 0.42 0.29 0.20 -0.01 -0.22 -0.29 -0.46 -0.39 -0.45 -0.40 -0.23 -0.231
Sustainable Growth Rate 49.5% 65.3% 49.3% 63.2% 60.1% 56.7% 49.7% 1.2% -1.0% -96.0% -92.1% -3.6% 35.5% 7.6% 3.6% 7.0% 7.2% 12.5% 10.2% 10.6% 10.59%
Internal Growth Rate 27.6% 47.6% 37.0% 64.5% 56.2% 54.9% 46.5% 72.3% — — — — 18.5% 4.1% 2.0% 4.0% 4.0% 7.1% 5.6% 6.1% 6.11%
Cash Flow Quality
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 0.69 0.84 1.15 1.15 1.13 1.17 1.23 0.80 0.89 0.72 0.53 1.43 1.28 5.08 10.17 4.89 5.15 3.15 4.12 4.58 4.584
FCF/OCF 0.21 -1.19 -0.77 -0.31 -0.06 0.45 0.46 0.39 0.31 0.38 0.35 0.39 0.14 0.07 -0.04 -0.38 -0.43 -0.53 -0.48 -0.35 -0.350
FCF/Net Income snapshot only -1.606
OCF/EBITDA snapshot only 0.992
CapEx/Revenue 32.2% 99.1% 78.0% 62.0% 55.4% 29.9% 32.2% 39.8% 45.9% 44.5% 48.0% 39.6% 51.5% 54.8% 59.9% 75.7% 81.7% 85.6% 86.3% 81.1% 81.07%
CapEx/Depreciation snapshot only 2.353
Accruals Ratio 0.07 0.05 -0.04 -0.06 -0.05 -0.06 -0.08 0.09 0.06 0.13 0.19 -0.04 -0.04 -0.16 -0.18 -0.15 -0.16 -0.14 -0.17 -0.21 -0.206
Sloan Accruals snapshot only -0.186
Cash Flow Adequacy snapshot only 0.741
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.43 $0.44 $9.16 $9.21 $8.75 $8.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 10.9% 7.8% 2.3% 2.4% 2.6% 10.5% 0.4% 0.2% 0.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
FCF Payout Ratio 0.0% — — — — 0.0% 19.2% 25.1% 8.1% 8.8% 14.0% 18.9% 2.3% 0.4% — — — — — — —
Total Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 10.9% 10.9% 2.3% 2.5% 2.6% 10.9% 13.0% 0.2% 0.3% 0.5% 0.5% 0.3% 0.3% 0.0% 0.00%
Div. Increase Streak — — — — — — 0 0 0 0 1 1 0 0 0 — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.99 0.94 0.89 0.83 0.99 0.96 0.95 0.89 0.77 0.88 0.90 1.94 2.07 0.78 0.80 0.74 0.74 0.75 0.74 0.75 0.754
Interest Burden (EBT/EBIT) 0.97 0.96 0.95 0.96 0.96 0.96 0.96 0.97 0.96 0.95 0.95 0.74 0.78 0.80 0.67 0.84 0.86 1.15 0.66 0.67 0.666
EBIT Margin 0.62 0.60 0.46 0.52 0.49 0.50 0.53 0.94 1.02 1.19 1.65 0.32 0.29 0.19 0.10 0.18 0.17 0.21 0.29 0.26 0.261
Asset Turnover 0.36 0.60 0.70 0.96 0.78 0.77 0.74 0.56 0.66 0.45 0.28 0.19 0.34 0.34 0.35 0.34 0.35 0.37 0.37 0.44 0.440
Equity Multiplier 2.29 2.02 1.83 1.61 1.67 1.60 1.57 2.98 1.62 1.50 1.48 4.41 2.28 1.94 1.80 1.81 1.87 1.88 1.92 1.84 1.839
Per Share
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $1.50 $1.98 $1.97 $2.87 $3.78 $3.87 $4.00 $5.67 $4.05 $3.82 $3.38 $0.83 $0.80 $0.20 $0.09 $0.18 $0.19 $0.34 $0.31 $0.33 $0.33
Book Value/Share $5.19 $5.24 $5.56 $6.57 $8.22 $8.63 $8.97 $1.78 $1.83 $2.48 $2.54 $2.62 $2.65 $2.69 $2.94 $2.97 $2.98 $3.13 $3.20 $3.45 $3.45
Tangible Book/Share $5.19 $5.24 $5.56 $6.57 $8.26 $8.63 $8.97 $1.78 $1.83 $2.48 $2.54 $2.62 $2.65 $2.69 $2.94 $2.97 $2.98 $3.13 $3.20 $3.45 $3.45
Revenue/Share $2.51 $3.66 $5.11 $7.00 $8.15 $8.39 $8.32 $6.93 $5.36 $3.82 $2.40 $1.83 $1.71 $1.69 $1.66 $1.64 $1.72 $1.90 $2.17 $2.54 $2.42
FCF/Share $0.22 $-1.97 $-1.73 $-1.03 $-0.25 $2.02 $2.27 $1.76 $1.12 $1.04 $0.63 $0.46 $0.14 $0.07 $-0.04 $-0.34 $-0.43 $-0.56 $-0.61 $-0.53 $-0.53
OCF/Share $1.03 $1.65 $2.25 $3.31 $4.26 $4.52 $4.94 $4.52 $3.58 $2.74 $1.78 $1.18 $1.02 $0.99 $0.95 $0.90 $0.98 $1.06 $1.26 $1.53 $1.52
Cash/Share $0.05 $0.01 $0.01 $0.03 $0.25 $0.71 $0.76 $10.46 $0.81 $0.00 $0.87 $0.00 $0.00 $0.01 $0.00 $0.00 $0.74 $0.73 $0.75 $0.13 $0.13
EBITDA/Share $1.41 $2.25 $3.25 $4.62 $5.36 $5.60 $5.35 $4.33 $3.21 $2.08 $1.33 $1.02 $0.98 $0.93 $0.77 $0.88 $0.94 $1.10 $1.44 $1.54 $1.54
Debt/Share $3.37 $2.62 $2.39 $1.60 $1.11 $1.08 $1.07 $1.09 $1.07 $0.46 $0.47 $0.80 $0.76 $0.84 $0.24 $0.43 $0.63 $0.91 $1.28 $1.05 $1.05
Net Debt/Share $3.32 $2.61 $2.38 $1.56 $0.86 $0.38 $0.32 $-9.37 $0.26 $0.46 $-0.39 $0.79 $0.75 $0.83 $0.24 $0.43 $-0.11 $0.18 $0.53 $0.92 $0.92
Academic Models
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 5 5 6 6 8 7 7 6 3 4 5 3 4 3 4 4 5 5 5 6 6
Beneish M-Score 0.96 2.51 0.75 0.38 -1.87 -2.45 -3.16 -3.69 -3.04 -2.24 -1.07 -2.61 -2.68 -3.05 -3.00 -2.44 0.07 -1.40 -1.58 -2.94 -2.937
Ohlson O-Score snapshot only -7.936
ROIC (Greenblatt) snapshot only 13.58%
Net-Net WC snapshot only $-1.94
EVA snapshot only $5524698.05
Credit
Metric Trend 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 Q3'25 Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only BBB+
Credit Score 61.79 63.05 64.49 64.63 66.72 81.64 81.18 79.78 79.55 82.03 81.98 69.60 59.47 62.82 55.47 59.30 59.32 63.76 63.57 60.88 60.883
Credit Grade snapshot only 8
Credit Trend snapshot only 1.581
Implied Spread (bps) snapshot only 225.000
Industry Credit Rank snapshot only 59
Sector Credit Rank snapshot only 57

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