CHF 259.00 ($312.79)

+5.00 (+1.97%)

Weekly Expected Move ±2.7%

CHF 245 CHF 252 CHF 259 CHF 266 CHF 273

SIX · Basic Materials · Chemicals - Specialty · Tech Score Strong Sell · Power 29 · CHF 3.6B mcap · 3M float · 0.206% 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.

C+

Oct 02, 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. DESN.SW 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

Date	From	To
2026-10-01	B-	C+
2026-06-02	B	B-
2026-05-22	B-	B
2026-05-18	B	B-
2026-04-30	B-	B
2026-04-07	None	ADDED
2026-04-07	EXISTED	None
2026-01-05	None	ADDED
2026-01-04	EXISTED	None

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 64 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. DESN.SW scores highest in Safety (100/100) and lowest in Cash Flow (27/100). An overall grade of A places DESN.SW 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

11.41

Safe Zone

Piotroski F-Score

5/9

✓ ✓ ✓ ✗ ✗ ✓ ✗ ✗ ✓

Beneish M-Score

-1.68

Possible Manipulator

Ohlson O-Score

-10.54

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 91.4/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 1.00x

Accruals: 0.0%

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. DESN.SW scores 11.41, 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. DESN.SW 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. DESN.SW's score of -1.68 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. DESN.SW'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. DESN.SW receives an estimated rating of AA+ (score: 91.4/100), 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). DESN.SW'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

34.53x

PEG

-18.85x

P/S

8.36x

P/B

3.26x

P/FCF

-2318.62x

P/OCF

22.76x

EV/EBITDA

16.25x

EV/Revenue

5.72x

EV/EBIT

19.94x

EV/FCF

-2284.42x

Earnings Yield

4.41%

FCF Yield

-0.04%

Shareholder Yield

0.00%

Graham Number

$164.35

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 34.5x earnings, DESN.SW commands a growth premium. Graham's intrinsic value formula yields $164.35 per share, 58% 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

0.873

NI / EBT

Interest Burden

1.021

EBT / EBIT

EBIT Margin

0.287

EBIT / Rev

Asset Turnover

0.629

Rev / Assets

Equity Multiplier

1.312

Assets / Equity

ROE

21.1%

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. DESN.SW's ROE of 21.1% is driven by Asset Turnover (0.629), 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

$582.56

Price/Value

0.59x

Margin of Safety

41.04%

Premium

-41.04%

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 DESN.SW's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. DESN.SW actually compounded EPS at 57.3% 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. DESN.SW trades at a -41% premium to its adjusted intrinsic value of $582.56, 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 34.5x.

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

$259.00

Median 1Y

$298.17

5th Pctile

$157.57

95th Pctile

$568.81

Ann. Volatility

39.9%

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	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	9.7%	12.2%	14.8%	14.9%	12.4%	12.4%	13.6%	13.1%	17.6%	16.7%	17.6%	20.0%	22.0%	20.2%	21.1%	21.0%	19.3%	20.7%	20.9%	21.1%	21.10%
ROA	8.2%	10.2%	12.4%	12.3%	10.1%	10.0%	10.9%	10.6%	14.2%	13.9%	14.6%	16.6%	17.1%	16.1%	16.2%	16.4%	14.2%	15.5%	15.3%	16.1%	16.09%
ROIC	12.4%	16.1%	20.4%	17.9%	15.4%	14.1%	14.9%	14.4%	19.9%	20.6%	20.9%	21.5%	23.1%	22.8%	22.7%	21.3%	18.5%	19.7%	20.6%	19.7%	19.67%
ROCE	10.8%	13.1%	15.5%	15.0%	12.6%	12.6%	13.8%	13.1%	17.3%	14.3%	15.1%	17.4%	17.5%	18.1%	18.3%	18.5%	17.4%	18.7%	18.9%	18.6%	18.55%
Gross Margin	83.2%	68.5%	84.9%	66.4%	87.5%	67.5%	33.1%	26.3%	35.5%	37.0%	38.1%	39.7%	40.7%	38.3%	34.0%	32.8%	67.2%	37.9%	34.3%	30.5%	30.51%
Operating Margin	16.6%	25.4%	15.8%	22.4%	4.3%	23.6%	24.0%	18.3%	26.8%	28.4%	27.3%	26.6%	28.0%	31.5%	27.9%	27.2%	23.1%	35.8%	28.6%	24.2%	24.20%
Net Margin	13.7%	14.9%	13.3%	18.3%	3.5%	15.6%	19.8%	18.3%	23.0%	24.5%	23.5%	23.6%	29.1%	26.3%	24.5%	24.9%	20.0%	32.1%	24.3%	24.1%	24.08%
EBITDA Margin	29.1%	33.4%	28.1%	31.0%	17.2%	32.6%	35.9%	29.9%	36.8%	36.7%	37.7%	34.7%	34.9%	36.6%	35.4%	35.3%	29.6%	42.2%	35.5%	31.9%	31.92%
FCF Margin	10.0%	7.9%	15.9%	10.5%	-2.6%	-2.1%	-11.2%	-3.4%	2.9%	1.8%	0.1%	-7.5%	-12.1%	-15.8%	-16.3%	-16.3%	-22.8%	-12.5%	-4.1%	-0.3%	-0.25%
OCF Margin	22.3%	22.7%	32.3%	30.5%	21.5%	25.1%	17.9%	25.4%	28.9%	26.3%	23.4%	20.4%	19.3%	22.0%	26.2%	29.6%	24.6%	27.5%	30.0%	25.5%	25.51%
ROE 3Y Avg	snapshot only																				17.90%
ROE 5Y Avg	snapshot only																				15.93%
ROA 3Y Avg	snapshot only																				13.99%
ROIC 3Y Avg	snapshot only																				19.10%
ROIC Economic	snapshot only																				16.68%
Cash ROA	snapshot only																				14.81%
Cash ROIC	snapshot only																				20.32%
CROIC	snapshot only																				-0.20%
NOPAT Margin	snapshot only																				24.69%
Pretax Margin	snapshot only																				29.28%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				6.04%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	17.05	22.39	22.00	17.92	18.97	13.32	12.92	16.55	19.47	29.56	45.27	31.43	21.26	24.43	18.51	19.53	22.14	13.74	21.18	22.70	34.533
P/S Ratio	1.93	2.94	3.24	2.73	2.54	1.82	1.97	2.54	3.73	6.42	10.19	7.45	5.37	6.28	4.77	5.09	5.32	3.58	5.48	5.81	8.357
P/B Ratio	1.60	2.62	3.08	2.45	2.17	1.52	1.61	2.03	3.15	3.85	6.25	4.91	3.65	4.47	3.53	3.71	3.90	2.58	4.00	4.33	3.265
P/FCF	19.29	37.39	20.35	26.08	-96.58	-88.14	-17.63	-75.23	129.92	364.87	8715.36	-99.52	-44.45	-39.89	-29.31	-31.16	-23.27	-28.54	-132.28	-2318.62	-2318.625
P/OCF	8.64	12.96	10.03	8.94	11.82	7.24	10.98	9.99	12.91	24.36	43.58	36.46	27.73	28.63	18.21	17.22	21.64	13.01	18.25	22.76	22.762
EV/EBITDA	6.30	9.42	9.80	8.36	8.28	5.93	6.12	8.04	10.53	16.58	27.17	19.32	13.87	16.74	12.85	13.86	15.29	9.60	14.75	16.25	16.250
EV/Revenue	1.67	2.75	3.00	2.55	2.35	1.67	1.85	2.40	3.54	5.78	9.61	7.01	4.97	6.01	4.56	4.94	5.25	3.48	5.35	5.72	5.720
EV/EBIT	11.85	17.20	16.64	13.83	14.49	10.14	10.01	13.47	15.90	22.94	37.07	25.28	17.79	21.02	15.80	16.89	18.69	11.49	17.72	19.94	19.944
EV/FCF	16.68	35.07	18.82	24.42	-89.42	-81.24	-16.53	-71.29	123.43	328.74	8226.47	-93.65	-41.16	-38.12	-27.97	-30.21	-22.96	-27.78	-129.04	-2284.42	-2284.424
Earnings Yield	5.9%	4.5%	4.5%	5.6%	5.3%	7.5%	7.7%	6.0%	5.1%	3.4%	2.2%	3.2%	4.7%	4.1%	5.4%	5.1%	4.5%	7.3%	4.7%	4.4%	4.41%
FCF Yield	5.2%	2.7%	4.9%	3.8%	-1.0%	-1.1%	-5.7%	-1.3%	0.8%	0.3%	0.0%	-1.0%	-2.2%	-2.5%	-3.4%	-3.2%	-4.3%	-3.5%	-0.8%	-0.0%	-0.04%
Price/Tangible Book	snapshot only																				4.341
EV/OCF	snapshot only																				22.426
EV/Gross Profit	snapshot only																				14.052
Acquirers Multiple	snapshot only																				20.236
Shareholder Yield	snapshot only																				0.00%
Graham Number	snapshot only																				$164.35

Leverage & Solvency

Metric	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	3.77	3.61	3.64	3.23	2.95	2.66	2.69	3.11	2.73	5.49	4.80	4.01	2.81	3.03	2.56	2.56	2.38	2.67	2.94	3.56	3.555
Quick Ratio	2.45	2.48	2.43	2.19	1.69	1.51	1.41	1.58	1.40	4.11	3.38	2.67	1.78	1.94	1.65	1.57	1.37	1.65	1.71	2.11	2.111
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	0.04	0.07	0.12	0.11	0.14	0.13	0.12	0.12	0.119
Net Debt/Equity	-0.22	-0.16	-0.23	-0.16	-0.16	-0.12	-0.10	-0.11	-0.16	-0.38	-0.35	-0.29	-0.27	-0.20	-0.16	-0.11	-0.05	-0.07	-0.10	-0.06	-0.064
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	0.03	0.06	0.09	0.08	0.10	0.10	0.09	0.09	0.092
Debt/EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.29	0.45	0.43	0.56	0.50	0.47	0.45	0.452
Net Debt/EBITDA	-0.99	-0.62	-0.80	-0.57	-0.66	-0.50	-0.41	-0.44	-0.55	-1.82	-1.61	-1.21	-1.11	-0.78	-0.62	-0.44	-0.21	-0.26	-0.37	-0.24	-0.243
Interest Coverage	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	123.32	141.51	72.46	74.19	74.189
Equity Multiplier	1.21	1.22	1.24	1.25	1.25	1.26	1.25	1.22	1.24	1.17	1.19	1.20	1.31	1.31	1.39	1.35	1.40	1.36	1.34	1.28	1.284
Cash Ratio	snapshot only																				1.388
Debt Service Coverage	snapshot only																				91.054
Cash to Debt	snapshot only																				1.539
FCF to Debt	snapshot only																				-0.016
Defensive Interval	snapshot only																				1084.4 days

Efficiency & Turnover

Metric	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	0.72	0.78	0.84	0.81	0.75	0.73	0.72	0.69	0.74	0.64	0.65	0.70	0.68	0.63	0.63	0.63	0.59	0.60	0.59	0.63	0.629
Inventory Turnover	1.40	1.59	1.50	1.63	1.35	1.38	1.85	2.45	2.77	3.11	2.69	2.64	2.39	2.58	2.56	2.65	2.08	2.28	2.24	2.58	2.580
Receivables Turnover	15.26	7.80	12.36	5.92	13.68	7.32	9.53	7.24	15.12	8.62	8.56	9.02	13.15	9.47	9.83	10.45	10.22	8.22	11.47	10.79	10.788
Payables Turnover	12.23	13.66	10.55	10.54	8.38	8.50	10.79	15.65	17.87	23.28	18.70	27.20	21.31	32.13	18.93	22.44	19.45	25.46	17.89	25.53	25.532
DSO	24	47	30	62	27	50	38	50	24	42	43	40	28	39	37	35	36	44	32	34	33.8 days
DIO	260	229	243	224	270	265	197	149	132	117	136	138	153	141	142	138	175	160	163	141	141.5 days
DPO	30	27	35	35	44	43	34	23	20	16	20	13	17	11	19	16	19	14	20	14	14.3 days
Cash Conversion Cycle	254	249	238	251	253	272	202	176	136	144	159	165	163	168	160	156	192	190	175	161	161.0 days
Fixed Asset Turnover	snapshot only																				1.005
Operating Cycle	snapshot only																				175.3 days
Cash Velocity	snapshot only																				4.089
Capital Intensity	snapshot only																				1.722

Growth (YoY)

Metric	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	40.2%	46.6%	57.8%	42.6%	21.0%	11.0%	3.1%	2.3%	18.3%	27.6%	32.8%	46.0%	43.4%	45.1%	49.0%	37.1%	31.3%	25.3%	22.0%	26.7%	26.67%
Net Income	4.5%	29.5%	9.6%	2.1%	43.3%	15.5%	6.6%	3.0%	69.3%	1.0%	95.9%	1.3%	88.8%	72.0%	70.8%	50.8%	24.9%	26.7%	22.4%	24.3%	24.26%
EPS	4.5%	29.4%	9.6%	2.1%	43.0%	15.4%	4.9%	1.3%	66.6%	84.0%	80.1%	1.1%	73.7%	71.9%	70.7%	50.8%	24.9%	26.6%	22.4%	24.2%	24.19%
FCF	5.8%	4.0%	14.8%	6.7%	-1.3%	-1.3%	-1.7%	-1.3%	2.3%	2.1%	1.0%	-2.2%	-7.0%	-14.0%	-208.6%	-2.0%	-1.5%	0.4%	69.0%	98.1%	98.06%
EBITDA	2.9%	2.1%	1.8%	98.1%	30.0%	7.3%	1.6%	0.0%	40.2%	57.5%	55.6%	77.3%	52.5%	49.3%	49.3%	34.6%	25.8%	26.6%	24.7%	25.2%	25.23%
Op. Income	4.2%	28.3%	10.7%	2.3%	57.2%	8.9%	2.5%	-6.2%	49.4%	75.9%	69.9%	1.1%	71.0%	68.5%	68.0%	44.8%	31.4%	27.6%	24.5%	24.4%	24.43%
OCF Growth	snapshot only																				9.23%
Asset Growth	snapshot only																				18.15%
Equity Growth	snapshot only																				23.82%
Debt Growth	snapshot only																				30.00%
Shares Change	snapshot only																				0.06%

Growth (CAGR)

Metric	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	-1.7%	6.8%	16.5%	21.2%	23.4%	22.7%	23.3%	21.9%	26.1%	27.6%	29.2%	28.6%	27.1%	27.2%	26.8%	27.0%	30.6%	32.4%	34.2%	36.4%	36.37%
Revenue 5Y	4.5%	0.6%	2.4%	2.8%	1.6%	1.6%	1.5%	3.0%	6.3%	11.5%	16.7%	21.6%	26.1%	27.9%	30.0%	29.4%	30.4%	30.5%	31.5%	29.9%	29.90%
EPS 3Y	-56.8%	-43.6%	-7.2%	—	—	—	—	—	—	—	1.7%	86.3%	60.6%	54.0%	47.8%	47.0%	53.5%	58.8%	55.5%	57.3%	57.26%
EPS 5Y	-32.9%	-34.1%	-32.1%	-32.6%	-36.0%	-36.3%	-35.6%	-34.0%	-28.1%	-17.6%	8.6%	—	—	—	—	—	—	—	1.1%	64.6%	64.65%
Net Income 3Y	-6.7%	21.8%	1.0%	—	—	—	—	—	—	—	1.8%	92.7%	66.1%	59.2%	52.8%	51.9%	58.6%	64.2%	60.0%	61.8%	61.76%
Net Income 5Y	6.7%	4.7%	7.9%	7.1%	1.7%	1.1%	2.5%	5.1%	14.6%	33.5%	75.9%	—	—	—	—	—	—	—	1.2%	68.1%	68.06%
EBITDA 3Y	-0.6%	17.7%	42.3%	56.0%	67.2%	65.2%	75.8%	67.4%	92.1%	73.3%	64.2%	52.0%	40.6%	36.1%	33.2%	33.6%	39.1%	43.8%	42.6%	44.0%	44.03%
EBITDA 5Y	8.0%	5.8%	8.4%	8.0%	4.5%	3.6%	4.2%	5.9%	12.3%	22.5%	35.5%	46.4%	58.5%	60.3%	66.1%	62.1%	68.5%	58.0%	52.5%	42.7%	42.72%
Gross Profit 3Y	1.9%	10.6%	20.4%	24.5%	26.2%	27.2%	18.8%	11.2%	6.4%	-0.6%	0.0%	2.7%	1.9%	2.2%	1.1%	-0.3%	8.1%	9.5%	17.7%	27.0%	27.05%
Gross Profit 5Y	7.0%	3.0%	4.8%	6.2%	6.3%	6.2%	2.3%	-1.7%	-4.0%	-3.3%	1.9%	7.8%	12.0%	14.8%	15.2%	14.7%	19.0%	17.9%	17.3%	15.2%	15.17%
Op. Income 3Y	-2.9%	35.1%	1.8%	—	—	—	—	—	—	—	1.7%	87.9%	58.9%	47.8%	43.0%	42.4%	49.7%	55.8%	52.6%	56.4%	56.43%
Op. Income 5Y	5.3%	7.5%	12.0%	2.9%	-6.5%	-7.6%	-6.4%	-0.7%	16.6%	36.4%	1.1%	—	—	—	—	—	—	—	1.1%	64.2%	64.24%
FCF 3Y	11.2%	-2.0%	20.0%	14.0%	—	—	—	—	40.9%	16.7%	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	-8.1%	-15.5%	-0.8%	0.2%	—	—	—	—	-10.8%	-21.5%	-55.6%	—	—	—	—	—	—	—	—	—	—
OCF 3Y	-12.1%	-5.2%	14.6%	24.5%	23.9%	94.8%	1.7%	2.6%	81.1%	73.9%	85.0%	77.2%	21.2%	25.8%	18.2%	25.7%	36.6%	36.5%	59.3%	36.6%	36.58%
OCF 5Y	2.1%	-0.6%	9.5%	13.6%	10.8%	10.1%	-0.1%	3.3%	4.7%	7.0%	8.3%	14.0%	23.8%	64.3%	1.2%	1.6%	56.9%	58.4%	71.4%	64.5%	64.54%
Assets 3Y	-1.1%	1.2%	4.0%	6.9%	8.5%	10.8%	13.6%	13.9%	17.1%	32.2%	34.7%	36.0%	39.6%	40.4%	43.4%	39.6%	42.8%	42.9%	42.4%	42.2%	42.20%
Assets 5Y	2.3%	2.8%	3.7%	5.0%	5.1%	5.1%	5.9%	5.0%	7.1%	15.9%	18.0%	19.1%	23.3%	25.4%	29.0%	29.2%	31.3%	32.4%	33.2%	32.8%	32.79%
Equity 3Y	-1.9%	-0.6%	1.7%	4.1%	5.5%	7.2%	10.0%	11.4%	14.5%	31.8%	33.5%	34.8%	35.9%	37.2%	37.8%	36.1%	37.4%	39.1%	39.3%	39.7%	39.74%
Book Value 3Y	-54.6%	-54.0%	-52.9%	-51.8%	-51.2%	7.0%	9.2%	10.6%	13.8%	27.3%	29.1%	30.3%	31.4%	32.6%	33.3%	31.6%	32.9%	34.6%	35.5%	35.8%	35.85%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	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	0.00	0.03	0.00	0.03	0.04	0.06	0.07	0.20	0.39	0.69	0.83	0.87	0.92	0.90	0.88	0.90	0.93	0.94	0.94	0.93	0.933
Earnings Stability	0.13	0.10	0.02	0.00	0.00	0.03	0.12	0.24	0.40	0.66	0.83	0.87	0.91	0.91	0.92	0.92	0.96	0.96	0.95	0.95	0.950
Margin Stability	0.95	0.95	0.95	0.93	0.91	0.91	0.90	0.85	0.78	0.73	0.73	0.73	0.69	0.65	0.67	0.68	0.68	0.63	0.66	0.67	0.672
Rev. Growth Consistency	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	1.00	1.000
Earn. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.20	0.20	0.50	0.50	0.50	0.50	0.97	0.99	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.90	0.89	0.91	0.90	0.903
Earnings Smoothness	—	—	0.00	0.00	0.64	0.86	0.94	0.97	0.49	0.32	0.35	0.23	0.39	0.47	0.48	0.59	0.78	0.76	0.80	0.78	0.784
ROE Trend	0.12	0.13	0.15	0.12	0.08	0.06	0.05	0.03	0.06	0.01	0.01	0.03	0.03	0.06	0.06	0.05	0.01	0.03	0.02	0.02	0.018
Gross Margin Trend	0.06	0.07	0.03	0.05	0.04	0.02	-0.13	-0.24	-0.35	-0.42	-0.34	-0.25	-0.19	-0.15	-0.10	-0.08	0.03	0.06	0.06	0.04	0.036
FCF Margin Trend	0.04	0.08	0.19	0.14	-0.09	-0.07	-0.18	-0.07	-0.01	-0.01	-0.02	-0.11	-0.12	-0.16	-0.11	-0.11	-0.18	-0.06	0.04	0.12	0.117
Sustainable Growth Rate	9.7%	12.2%	14.8%	14.9%	12.4%	12.4%	13.6%	13.1%	17.6%	16.7%	17.6%	20.0%	22.0%	20.2%	21.1%	21.0%	19.3%	20.7%	20.9%	21.1%	21.10%
Internal Growth Rate	8.9%	11.4%	14.1%	14.0%	11.2%	11.1%	12.3%	11.9%	16.5%	16.1%	17.1%	19.8%	20.6%	19.3%	19.3%	19.6%	16.6%	18.3%	18.1%	19.2%	19.17%

Cash Flow Quality

Metric	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	1.97	1.73	2.19	2.00	1.60	1.84	1.18	1.66	1.51	1.21	1.04	0.86	0.77	0.85	1.02	1.13	1.02	1.06	1.16	1.00	0.997
FCF/OCF	0.45	0.35	0.49	0.34	-0.12	-0.08	-0.62	-0.13	0.10	0.07	0.01	-0.37	-0.62	-0.72	-0.62	-0.55	-0.93	-0.46	-0.14	-0.01	-0.010
FCF/Net Income	snapshot only																				-0.010
OCF/EBITDA	snapshot only																				0.725
CapEx/Revenue	12.3%	14.8%	16.4%	20.1%	24.1%	27.1%	29.1%	28.8%	26.0%	24.6%	23.3%	27.9%	31.4%	37.7%	42.5%	45.9%	47.4%	40.0%	34.2%	25.8%	25.76%
CapEx/Depreciation	snapshot only																				3.950
Accruals Ratio	-0.08	-0.07	-0.15	-0.12	-0.06	-0.08	-0.02	-0.07	-0.07	-0.03	-0.01	0.02	0.04	0.02	-0.00	-0.02	-0.00	-0.01	-0.02	0.00	0.000
Sloan Accruals	snapshot only																				0.038
Cash Flow Adequacy	snapshot only																				0.990
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	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	0.0%	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%
Dividend/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
Payout Ratio	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%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	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%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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%	-8.1%	-4.8%	-5.8%	-7.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-8.1%	-4.8%	-5.8%	-7.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%

DuPont Factors

Metric	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)	0.83	0.83	0.83	0.83	0.83	0.83	0.82	0.86	0.86	0.86	0.87	0.85	0.90	0.90	0.90	0.90	0.87	0.87	0.87	0.87	0.873
Interest Burden (EBT/EBIT)	0.97	0.99	0.99	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.99	0.99	0.99	0.99	0.99	1.02	1.021
EBIT Margin	0.14	0.16	0.18	0.18	0.16	0.17	0.18	0.18	0.22	0.25	0.26	0.28	0.28	0.29	0.29	0.29	0.28	0.30	0.30	0.29	0.287
Asset Turnover	0.72	0.78	0.84	0.81	0.75	0.73	0.72	0.69	0.74	0.64	0.65	0.70	0.68	0.63	0.63	0.63	0.59	0.60	0.59	0.63	0.629
Equity Multiplier	1.19	1.19	1.20	1.21	1.23	1.24	1.24	1.23	1.25	1.20	1.21	1.21	1.28	1.25	1.30	1.28	1.36	1.34	1.36	1.31	1.312

Per Share

Metric	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)	$2.26	$2.92	$3.60	$3.84	$3.24	$3.36	$3.78	$3.89	$5.39	$6.19	$6.80	$8.08	$9.37	$10.64	$11.62	$12.18	$11.70	$13.47	$14.21	$15.13	$15.13
Book Value/Share	$24.04	$24.91	$25.72	$28.11	$28.31	$29.44	$30.27	$31.65	$33.34	$47.50	$49.26	$51.77	$54.58	$58.14	$60.92	$64.11	$66.43	$71.79	$75.24	$79.34	$79.34
Tangible Book/Share	$23.99	$24.87	$25.67	$28.07	$28.27	$29.39	$30.22	$31.60	$33.30	$47.47	$49.24	$51.76	$54.57	$58.12	$60.89	$63.97	$66.27	$71.63	$75.05	$79.13	$79.13
Revenue/Share	$20.02	$22.24	$24.41	$25.22	$24.18	$24.66	$24.76	$25.39	$28.14	$28.52	$30.24	$34.09	$37.13	$41.37	$45.03	$46.74	$48.71	$51.79	$54.92	$59.17	$30.99
FCF/Share	$2.00	$1.75	$3.89	$2.64	$-0.64	$-0.51	$-2.77	$-0.86	$0.81	$0.50	$0.04	$-2.55	$-4.48	$-6.52	$-7.33	$-7.64	$-11.13	$-6.49	$-2.28	$-0.15	$2.12
OCF/Share	$4.47	$5.04	$7.89	$7.70	$5.19	$6.18	$4.44	$6.45	$8.13	$7.51	$7.07	$6.97	$7.18	$9.08	$11.80	$13.82	$11.97	$14.24	$16.50	$15.09	$8.22
Cash/Share	$5.22	$4.06	$5.96	$4.37	$4.55	$3.50	$3.05	$3.37	$5.24	$18.12	$17.28	$14.98	$16.95	$15.87	$17.10	$14.52	$12.88	$14.31	$16.77	$14.47	$14.47
EBITDA/Share	$5.29	$6.50	$7.47	$7.71	$6.87	$6.97	$7.48	$7.59	$9.48	$9.95	$10.70	$12.37	$13.30	$14.84	$15.97	$16.64	$16.71	$18.78	$19.90	$20.83	$20.83
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	$2.17	$4.34	$7.24	$7.24	$9.41	$9.41	$9.40	$9.40	$9.40
Net Debt/Share	$-5.22	$-4.06	$-5.96	$-4.37	$-4.55	$-3.50	$-3.05	$-3.37	$-5.24	$-18.12	$-17.28	$-14.98	$-14.77	$-11.53	$-9.86	$-7.28	$-3.47	$-4.90	$-7.37	$-5.07	$-5.07

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.411
Altman Z-Prime	snapshot only																				20.755
Piotroski F-Score	6	6	5	5	6	5	3	3	5	5	6	6	5	5	5	5	6	5	7	5	5
Beneish M-Score	-3.21	-2.38	-2.89	-2.75	-2.71	-2.72	-0.99	-2.13	-1.70	-1.84	-2.31	-1.90	-1.52	-1.98	-2.05	-2.48	-2.30	-1.99	-2.58	-1.68	-1.675
Ohlson O-Score	snapshot only																				-10.544
ROIC (Greenblatt)	snapshot only																				19.85%
Net-Net WC	snapshot only																				$14.52
EVA	snapshot only																				$99255009.26

Credit

Metric	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																				AA+
Credit Score	89.00	89.00	89.00	89.00	89.00	89.00	89.00	89.00	88.74	89.00	89.00	89.00	86.33	86.79	86.64	86.88	87.65	89.93	89.91	91.36	91.360
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				4.475
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				82
Sector Credit Rank	snapshot only																				86

DESN.SW SIX

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

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