$10.14

-0.08 (-0.78%)

Weekly Expected Move ±5.4%

$9 $10 $10 $11 $11

NYSE · Financial Services · Banks - Regional · Tech Score Strong Sell · Power 30 · $4.2B mcap · 300M float · 1.75% daily turnover · Short 51% of daily vol

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

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

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

28.9 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 5.3% · 5Y Avg: -2.5%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. FLG has No discernible competitive edge (28.9/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 5.3% suggests modest returns relative to capital deployed.

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

$12

Low

$14

Avg Target

$15

High

Based on 6 analysts since Oct 23, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 9Hold: 6Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$14.39

Analysts9

Consensus Change History

Date	Field	From	To
2026-05-01	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-27	UBS	Timur Braziler	$18	$14	-4	+42.8%	$10.15
2026-10-26	Morgan Stanley	—	$16	$15	-1	+44.1%	$10.41
2026-10-26	RBC Capital	—	$15	$12	-3	+14.8%	$10.46
2026-10-26	Truist Financial	David Smith	$15	$13	-2	+25.2%	$10.38
2026-10-26	Barclays	—	$17	$14	-3	+34.9%	$10.38
2026-10-23	Jefferies	—	Initiated	$13	—	+25.3%	$10.38
2026-10-09	Truist Financial	—	$12	$15	+3	+32.2%	$11.35
2026-09-28	Morgan Stanley	—	$17	$16	-1	+31.0%	$12.21
2026-09-08	Morgan Stanley	—	$14	$17	+3	+25.7%	$13.52
2026-07-15	Cantor Fitzgerald	—	$16	$17	+1	+13.6%	$14.96
2026-07-07	UBS	—	$14	$18	+4	+21.3%	$14.84
2026-07-07	Barclays	—	$15	$17	+2	+14.6%	$14.84
2026-07-01	Fundamental Research	—	Initiated	$17	—	+13.8%	$14.94
2026-06-26	Piper Sandler	—	$16	$18	+1	+15.5%	$15.15
2026-04-27	D.A. Davidson	Peter Winter	$16	$17	+1	+21.9%	$13.95
2026-04-27	Piper Sandler	—	Initiated	$16	—	+17.6%	$14.03
2026-02-04	UBS	—	$13	$14	+1	+0.2%	$13.97
2026-02-02	RBC Capital	Jon Arfstrom	$13	$15	+2	+12.7%	$13.31
2026-02-02	D.A. Davidson	—	Initiated	$16	—	+21.0%	$13.22
2026-01-12	RBC Capital	Jon Arfstrom	Initiated	$13	—	+0.6%	$12.93
2026-01-06	UBS	Nicholas Holowko	$12	$13	+2	+4.6%	$12.43
2025-12-19	Cantor Fitzgerald	—	$15	$16	+1	+18.4%	$13.52
2025-12-19	Barclays	—	$13	$15	+2	+11.3%	$13.48
2025-11-05	UBS	—	Initiated	$12	—	+2.8%	$11.19
2025-09-29	Morgan Stanley	Manan Gosalia	Initiated	$14	—	+20.9%	$11.58
2025-09-09	Cantor Fitzgerald	—	Initiated	$15	—	+19.0%	$12.61
2025-07-11	Truist Financial	David Smith	Initiated	$12	—	+6.5%	$11.27
2024-10-29	Barclays	Jared Shaw	Initiated	$13	—	+22.5%	$10.61

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.

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. FLG receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-26	D+	C
2026-10-23	C	D+
2026-10-16	C+	C
2026-08-18	C	C+
2026-08-17	C+	C
2026-07-28	C-	C+
2026-07-25	C	C-
2026-07-01	C-	C
2026-02-02	C+	C-
2026-01-26	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.

★ ★ ★ ★ ★ 2 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

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. FLG scores highest in Earnings Quality (64/100) and lowest in Momentum (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

1.85

Grey Zone

Piotroski F-Score

4/9

✓ ✗ ✓ ✗ ✓ ✗ ✗ ✓ ✗

Beneish M-Score

-2.71

Unlikely Manipulator

Ohlson O-Score

-6.86

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

B+

Score: 32.4/100

Trend: Improving

Earnings Quality

25/100

OCF/NI: -2.12x

Accruals: 0.3%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. FLG scores 1.85, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. 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. FLG scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. FLG's score of -2.71 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. FLG'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. FLG receives an estimated rating of B+ (score: 32.4/100), 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). FLG's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

66.97x

PEG

0.03x

P/S

0.98x

P/B

0.55x

P/FCF

-17.88x

P/OCF

—

EV/EBITDA

-1.59x

EV/Revenue

-0.09x

EV/EBIT

-3.49x

EV/FCF

1.32x

Earnings Yield

1.77%

FCF Yield

-5.59%

Shareholder Yield

1.01%

Graham Number

$8.72

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 67.0x earnings, FLG is priced for high growth expectations. Graham's intrinsic value formula yields $8.72 per share, 16% 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

0.835

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.027

EBIT / Rev

Asset Turnover

0.048

Rev / Assets

Equity Multiplier

11.369

Assets / Equity

ROE

1.2%

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. FLG's ROE of 1.2% is driven by financial leverage (equity multiplier: 11.37x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

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

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

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$1.75

Price/Value

6.66x

Margin of Safety

-566.49%

Premium

566.49%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with FLG's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FLG trades at a 566% premium to its adjusted intrinsic value of $1.75, 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 67.0x.

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

$10.15

Median 1Y

$7.87

5th Pctile

$3.25

95th Pctile

$19.00

Ann. Volatility

50.9%

Analyst Target

$14.39

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

Workforce & Productivity

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

Employees

5,631

Revenue / Employee

$833,777

Rev: $4,695,000,000

Profit / Employee

$-31,433

NI: $-177,000,000

SGA / Employee

$209,199

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	8.6%	8.8%	9.1%	9.2%	8.2%	28.3%	30.7%	31.5%	-0.9%	-25.2%	-32.4%	-37.2%	-13.5%	-10.8%	-7.7%	-4.7%	-2.2%	-0.7%	0.6%	1.2%	1.22%
ROA	1.0%	1.0%	1.0%	1.0%	0.9%	2.7%	3.0%	3.2%	-0.1%	-2.0%	-2.6%	-3.2%	-1.0%	-0.8%	-0.6%	-0.4%	-0.2%	-0.1%	0.1%	0.1%	0.11%
ROIC	2.9%	4.0%	4.6%	4.9%	2.2%	80.2%	53.2%	24.7%	-0.2%	-8.9%	-15.4%	-56.3%	33.6%	28.4%	-4.6%	-3.0%	-3.8%	-0.2%	2.3%	5.3%	5.32%
ROCE	4.1%	3.7%	4.0%	4.0%	3.9%	6.7%	9.5%	10.5%	-0.2%	-6.8%	-8.4%	-12.6%	-6.7%	-5.5%	-3.9%	-2.4%	-0.3%	-0.1%	0.1%	0.1%	0.13%
Gross Margin	76.6%	78.6%	74.9%	64.8%	40.7%	42.6%	61.0%	58.6%	20.6%	26.7%	16.9%	23.1%	27.3%	33.0%	35.4%	38.5%	46.7%	47.9%	47.3%	42.0%	41.96%
Operating Margin	45.6%	46.7%	46.8%	39.0%	25.6%	1.8%	29.7%	16.0%	-1.8%	-23.2%	-25.5%	-20.3%	-16.6%	-9.7%	-6.6%	-3.5%	4.0%	3.1%	4.6%	-0.9%	-0.92%
Net Margin	34.4%	35.0%	34.8%	28.9%	24.0%	1.8%	24.9%	12.4%	-1.7%	-19.9%	-19.4%	-17.0%	-13.1%	-8.0%	-5.7%	-3.1%	2.6%	2.0%	3.2%	1.1%	1.11%
EBITDA Margin	46.8%	47.9%	47.7%	39.7%	27.0%	1.8%	32.5%	18.8%	-1.7%	-20.4%	-22.9%	-17.4%	-13.5%	-6.6%	-3.6%	-0.3%	7.2%	6.4%	11.0%	-0.9%	-0.92%
FCF Margin	16.3%	19.7%	37.4%	44.6%	47.0%	1.3%	-24.8%	-3.2%	3.3%	-48.2%	34.5%	2.8%	0.8%	-3.7%	-11.7%	11.8%	-5.0%	4.7%	1.8%	-7.1%	-7.10%
OCF Margin	16.6%	20.0%	37.5%	44.6%	47.1%	1.4%	-23.4%	-2.3%	4.3%	-46.7%	35.6%	3.7%	1.3%	-3.5%	-11.7%	12.5%	-3.6%	6.3%	4.0%	-4.7%	-4.75%
ROE 3Y Avg	snapshot only																				-15.34%
ROE 5Y Avg	snapshot only																				-2.25%
ROA 3Y Avg	snapshot only																				-1.17%
ROIC 3Y Avg	snapshot only																				-14.18%
ROIC Economic	snapshot only																				0.52%
Cash ROA	snapshot only																				-0.23%
Cash ROIC	snapshot only																				-11.28%
CROIC	snapshot only																				-16.87%
NOPAT Margin	snapshot only																				2.24%
Pretax Margin	snapshot only																				2.68%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				24.03%
SBC / Revenue	snapshot only																				0.77%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	8.15	7.17	6.04	5.70	6.56	2.32	2.82	2.83	-91.69	-0.98	-0.89	-1.13	-2.89	-5.39	-6.87	-12.13	-32.55	-109.56	147.32	56.65	66.975
P/S Ratio	2.78	2.48	2.10	1.89	1.96	2.03	1.92	1.53	1.20	0.36	0.43	0.63	0.51	0.80	0.79	0.94	1.22	1.35	1.62	1.27	0.982
P/B Ratio	0.69	0.63	0.55	0.53	0.48	0.54	0.70	0.72	0.87	0.28	0.33	0.48	0.40	0.59	0.54	0.59	0.71	0.76	0.87	0.71	0.546
P/FCF	16.99	12.56	5.61	4.24	4.17	1.50	-7.75	-47.70	36.77	-0.75	1.24	22.12	64.71	-21.82	-6.79	7.98	-24.31	28.94	89.51	-17.88	-17.875
P/OCF	16.75	12.39	5.60	4.23	4.16	1.50	—	—	27.54	—	1.20	16.91	37.62	—	—	7.57	—	21.38	40.87	—	—
EV/EBITDA	22.49	14.85	12.27	11.39	29.76	-0.69	0.62	2.67	132.53	-6.90	-3.65	-0.28	6.84	6.87	-15.65	-29.33	-33.83	170.91	4.01	-1.59	-1.587
EV/Revenue	10.63	7.08	5.82	5.16	11.60	-0.65	0.46	1.59	2.52	2.37	1.76	0.16	-1.28	-1.08	1.71	1.87	0.36	3.73	0.24	-0.09	-0.094
EV/EBIT	23.07	15.22	12.55	11.63	30.58	-0.71	0.64	2.79	-304.81	-6.38	-3.45	-0.27	5.93	5.78	-12.22	-19.70	-8.54	-376.00	12.37	-3.49	-3.491
EV/FCF	65.02	35.93	15.57	11.57	24.69	-0.48	-1.84	-49.59	77.36	-4.92	5.12	5.78	-163.41	29.37	-14.66	15.82	-7.14	79.81	13.15	1.32	1.319
Earnings Yield	12.3%	13.9%	16.5%	17.5%	15.2%	43.0%	35.4%	35.3%	-1.1%	-1.0%	-1.1%	-88.8%	-34.6%	-18.6%	-14.6%	-8.2%	-3.1%	-0.9%	0.7%	1.8%	1.77%
FCF Yield	5.9%	8.0%	17.8%	23.6%	24.0%	66.5%	-12.9%	-2.1%	2.7%	-1.3%	80.5%	4.5%	1.5%	-4.6%	-14.7%	12.5%	-4.1%	3.5%	1.1%	-5.6%	-5.59%
PEG Ratio	snapshot only																				0.031
Price/Tangible Book	snapshot only																				0.742
EV/Gross Profit	snapshot only																				-0.204
Acquirers Multiple	snapshot only																				-3.491
Shareholder Yield	snapshot only																				1.01%
Graham Number	snapshot only																				$8.72

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	0.22	0.24	0.23	0.23	0.18	0.38	0.29	0.21	0.27	0.22	0.29	0.31	0.35	0.36	0.11	0.12	0.54	—	—	—	—
Quick Ratio	0.22	0.24	0.23	0.23	0.18	0.38	0.29	0.21	0.27	0.22	0.29	0.31	0.35	0.36	0.11	0.12	0.54	—	—	—	—
Debt/Equity	2.92	2.26	2.13	2.08	3.59	1.98	1.48	1.33	3.42	3.19	3.44	2.37	1.77	1.74	1.63	1.63	1.50	1.38	1.34	1.43	1.431
Net Debt/Equity	1.95	1.17	0.98	0.92	2.38	-0.71	-0.53	0.03	0.96	1.57	1.04	-0.35	-1.40	-1.38	0.63	0.58	-0.50	1.33	-0.74	-0.76	-0.764
Debt/Assets	0.35	0.26	0.23	0.22	0.35	0.17	0.14	0.13	0.25	0.24	0.24	0.18	0.14	0.15	0.14	0.14	0.14	0.13	0.12	0.13	0.125
Debt/EBITDA	24.86	18.61	17.02	16.33	37.29	8.00	5.52	4.74	248.84	-11.87	-9.11	-5.39	-12.08	-15.07	-21.79	-40.81	-243.68	112.99	42.23	43.23	43.229
Net Debt/EBITDA	16.61	9.66	7.84	7.21	24.73	-2.87	-1.98	0.10	69.54	-5.85	-2.77	0.80	9.55	11.97	-8.40	-14.54	81.40	108.94	-23.29	-23.08	-23.083
Interest Coverage	2.02	2.08	2.06	1.71	1.19	2.44	1.85	1.47	-0.02	-0.86	-1.04	-1.10	-0.36	-0.30	-0.23	-0.16	-0.07	-0.02	0.04	0.05	0.052
Equity Multiplier	8.45	8.83	9.25	9.33	10.22	11.47	10.74	10.12	13.63	13.46	14.18	13.34	12.26	11.97	11.39	11.31	10.75	10.73	10.77	11.44	11.435
Debt Service Coverage	snapshot only																				0.114
Cash to Debt	snapshot only																				1.534
FCF to Debt	snapshot only																				-0.028
Defensive Interval	snapshot only																				3301.1 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.048
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	0.99	0.99	1.00	1.09	1.25	1.19	1.70	2.14	2.48	2.14	2.29	2.34	2.41	2.37	4.06	4.16	4.48	4.41	—	—	—
Payables Turnover	21.78	—	—	—	92.11	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	368	370	365	334	291	306	215	171	147	171	159	156	152	154	90	88	81	83	0	0	0.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	17	0	0	0	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—
Cash Conversion Cycle	351	370	365	334	287	306	215	171	147	171	159	156	152	154	90	88	81	83	0	0	—
Fixed Asset Turnover	snapshot only																				9.044
Cash Velocity	snapshot only																				0.256
Capital Intensity	snapshot only																				20.390

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	-1.1%	0.4%	2.5%	8.0%	24.5%	63.2%	1.2%	1.7%	1.8%	1.3%	62.7%	26.2%	5.6%	-8.7%	-15.5%	-22.6%	-25.8%	-24.3%	-21.2%	-15.2%	-15.24%
Net Income	16.6%	9.1%	3.7%	-1.2%	9.1%	3.1%	3.4%	3.5%	-1.1%	-2.0%	-2.1%	-2.3%	-13.2%	63.1%	79.7%	89.2%	84.2%	93.7%	1.1%	1.2%	1.24%
EPS	16.3%	8.6%	3.3%	-1.5%	-6.2%	1.8%	1.8%	1.9%	-1.1%	-1.9%	-1.9%	-1.9%	-8.8%	78.0%	85.7%	90.4%	88.0%	94.4%	1.1%	1.2%	1.22%
FCF	-14.6%	5.2%	2.4%	4.1%	2.6%	10.2%	-2.5%	-1.2%	-80.7%	-1.8%	3.3%	2.1%	-74.6%	93.0%	-1.3%	2.2%	-5.7%	2.0%	1.1%	-1.5%	-1.51%
EBITDA	35.1%	20.9%	12.1%	6.5%	2.7%	2.2%	2.5%	2.6%	-86.5%	-1.8%	-2.1%	-2.2%	-11.4%	58.2%	80.9%	91.4%	95.8%	1.1%	1.4%	1.8%	1.78%
Op. Income	36.9%	22.1%	12.8%	7.1%	2.5%	2.2%	2.5%	2.5%	-1.1%	-1.9%	-2.2%	-2.3%	-26.6%	54.1%	76.9%	87.8%	85.6%	96.0%	1.1%	1.2%	1.24%
OCF Growth	snapshot only																				-1.32%
Asset Growth	snapshot only																				-4.64%
Equity Growth	snapshot only																				-5.72%
Debt Growth	snapshot only																				-17.03%
Shares Change	snapshot only																				12.26%
Dividend Growth	snapshot only																				-14.49%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	-0.6%	-1.3%	-1.0%	0.3%	5.1%	15.5%	30.2%	42.5%	50.6%	55.4%	55.2%	55.0%	53.9%	50.5%	45.5%	38.7%	29.6%	16.5%	2.7%	-6.1%	-6.11%
Revenue 5Y	-0.9%	-0.5%	-0.1%	0.5%	3.7%	9.6%	17.7%	24.5%	27.7%	29.2%	28.7%	28.3%	27.8%	26.3%	24.8%	23.1%	21.8%	21.0%	20.0%	19.6%	19.56%
EPS 3Y	13.7%	13.6%	15.6%	16.6%	12.4%	62.0%	62.9%	61.7%	—	—	—	—	—	—	—	—	—	—	-79.3%	-73.9%	-73.89%
EPS 5Y	4.7%	6.2%	7.3%	8.2%	4.7%	30.5%	32.1%	32.8%	—	—	—	—	—	—	—	—	—	—	-51.8%	-45.0%	-45.02%
Net Income 3Y	12.2%	13.6%	15.7%	16.7%	18.1%	84.6%	89.1%	87.8%	—	—	—	—	—	—	—	—	—	—	-74.0%	-67.5%	-67.51%
Net Income 5Y	3.8%	5.2%	6.4%	7.2%	6.9%	39.8%	42.9%	43.7%	—	—	—	—	—	—	—	—	—	—	-39.7%	-31.5%	-31.48%
EBITDA 3Y	11.9%	13.5%	15.2%	15.9%	15.5%	70.7%	75.8%	75.8%	-42.7%	—	—	—	—	—	—	—	—	-66.7%	-55.7%	-56.5%	-56.53%
EBITDA 5Y	0.4%	1.7%	2.6%	3.3%	3.9%	31.4%	35.8%	38.6%	-27.9%	—	—	—	—	—	—	—	—	-32.2%	-19.4%	-20.7%	-20.70%
Gross Profit 3Y	6.8%	7.9%	9.3%	10.3%	9.8%	14.3%	28.5%	38.6%	36.6%	32.4%	16.7%	2.5%	3.5%	2.3%	5.3%	6.5%	10.3%	8.6%	-2.6%	-10.7%	-10.70%
Gross Profit 5Y	-1.3%	-0.5%	-0.2%	0.1%	0.3%	3.0%	12.1%	19.6%	20.5%	20.4%	13.8%	6.6%	7.9%	8.1%	10.0%	10.1%	10.5%	9.8%	9.0%	8.3%	8.26%
Op. Income 3Y	13.1%	14.7%	16.5%	17.1%	16.4%	72.7%	77.0%	75.9%	—	—	—	—	—	—	—	—	—	—	-69.2%	-66.1%	-66.10%
Op. Income 5Y	0.7%	2.1%	3.1%	3.8%	4.3%	32.3%	36.4%	38.9%	—	—	—	—	—	—	—	—	—	—	-35.3%	-31.9%	-31.90%
FCF 3Y	-18.6%	-14.0%	14.3%	8.7%	26.1%	1.0%	—	—	-16.2%	—	1.2%	3.7%	-44.1%	—	—	-10.8%	—	-62.0%	—	—	—
FCF 5Y	-15.7%	-13.8%	-6.8%	-12.4%	-4.7%	28.9%	—	—	-18.0%	—	38.1%	-22.4%	-37.1%	—	—	7.7%	—	-8.4%	-17.0%	—	—
OCF 3Y	-18.7%	-13.9%	14.2%	8.7%	26.3%	1.0%	—	—	-7.8%	—	1.3%	12.7%	-33.3%	—	—	-9.3%	—	-58.0%	—	—	—
OCF 5Y	-17.4%	-15.5%	-7.6%	-12.8%	-5.0%	28.5%	—	—	-13.4%	—	38.8%	-18.2%	-29.9%	—	—	8.9%	—	-2.7%	-3.1%	—	—
Assets 3Y	4.7%	5.4%	6.1%	6.2%	18.9%	31.6%	29.9%	26.5%	26.5%	25.1%	27.5%	25.5%	18.9%	17.0%	13.5%	13.3%	-1.0%	-11.0%	-9.6%	-7.7%	-7.72%
Assets 5Y	4.0%	4.6%	5.5%	5.4%	12.9%	20.0%	18.7%	16.8%	17.1%	16.7%	17.7%	16.8%	13.3%	12.5%	11.2%	10.8%	9.2%	8.6%	8.8%	8.6%	8.59%
Equity 3Y	1.9%	1.4%	0.7%	0.3%	9.5%	17.6%	18.2%	17.7%	6.9%	7.3%	6.7%	7.2%	5.1%	5.7%	5.9%	6.3%	-2.6%	-9.0%	-9.7%	-11.4%	-11.41%
Book Value 3Y	3.4%	1.4%	0.7%	0.2%	4.3%	3.2%	1.8%	1.4%	-7.8%	-8.2%	-13.7%	-19.6%	-19.9%	-23.8%	-23.7%	-23.4%	-28.7%	-28.2%	-27.9%	-28.8%	-28.83%
Dividend 3Y	1.5%	0.1%	0.0%	-0.0%	-4.7%	-9.2%	-7.6%	-4.5%	-1.7%	-10.8%	-26.3%	-43.4%	-57.8%	-63.5%	-61.7%	-55.0%	-40.2%	-24.9%	-20.1%	-20.7%	-20.75%

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.25	0.22	0.15	0.01	0.24	0.35	0.41	0.44	0.47	0.54	0.64	0.68	0.69	0.72	0.75	0.67	0.58	0.52	0.46	0.33	0.325
Earnings Stability	0.21	0.37	0.48	0.56	0.70	0.50	0.51	0.51	0.11	0.07	0.09	0.11	0.54	0.19	0.16	0.14	0.54	0.16	0.12	0.10	0.097
Margin Stability	0.84	0.84	0.84	0.85	0.86	0.82	0.84	0.85	0.82	0.77	0.69	0.61	0.62	0.61	0.60	0.57	0.64	0.65	0.61	0.56	0.555
Rev. Growth Consistency	0.00	0.50	0.50	0.50	0.50	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	0.000
Earn. Growth Consistency	1.00	1.00	1.00	0.00	1.00	1.00	1.00	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	1.000
FCF Positive Streak	1	1	1	1	1	1	0	0	1	0	0	0	1	0	0	1	0	0	0	0	0
Earnings Persistence	0.93	0.96	0.99	1.00	0.96	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.20	0.20	0.200
Earnings Smoothness	0.85	0.91	0.96	0.99	0.91	0.00	0.00	0.00	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	0.02	0.02	0.02	0.02	-0.01	0.15	0.16	0.16	-0.09	-0.45	-0.54	-0.60	-0.17	-0.08	-0.02	0.04	0.05	0.19	0.23	0.25	0.249
Gross Margin Trend	0.19	0.17	0.13	0.07	-0.08	-0.21	-0.22	-0.21	-0.23	-0.23	-0.34	-0.42	-0.31	-0.22	-0.13	-0.04	0.03	0.09	0.15	0.18	0.184
FCF Margin Trend	-0.07	-0.03	0.21	0.28	0.29	1.16	-0.49	-0.30	-0.28	-1.25	0.28	-0.18	-0.24	-0.47	-0.17	0.12	-0.07	0.31	-0.10	-0.14	-0.144
Sustainable Growth Rate	3.6%	3.8%	4.0%	4.1%	3.8%	23.9%	25.9%	26.2%	—	—	—	—	—	—	—	—	—	—	-0.0%	0.6%	0.61%
Internal Growth Rate	0.4%	0.4%	0.5%	0.5%	0.4%	2.3%	2.6%	2.7%	—	—	—	—	—	—	—	—	—	—	—	0.1%	0.05%

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	0.49	0.58	1.08	1.35	1.58	1.55	-0.34	-0.04	-3.33	1.27	-0.74	-0.07	-0.08	0.24	1.02	-1.60	0.96	-5.12	3.60	-2.12	-2.120
FCF/OCF	0.99	0.99	1.00	1.00	1.00	1.00	1.06	1.37	0.75	1.03	0.97	0.76	0.58	1.05	0.99	0.95	1.39	0.74	0.46	1.50	1.495
FCF/Net Income	snapshot only																				-3.169
OCF/EBITDA	snapshot only																				-0.804
CapEx/Revenue	0.2%	0.3%	0.2%	0.1%	0.2%	0.5%	1.4%	0.9%	1.1%	1.4%	1.1%	0.9%	0.6%	0.2%	0.1%	0.6%	1.4%	1.7%	2.2%	2.4%	2.35%
CapEx/Depreciation	snapshot only																				0.730
Accruals Ratio	0.01	0.00	-0.00	-0.00	-0.01	-0.01	0.04	0.03	-0.00	0.01	-0.05	-0.03	-0.01	-0.01	0.00	-0.01	-0.00	-0.00	-0.00	0.00	0.003
Sloan Accruals	snapshot only																				0.891
Cash Flow Adequacy	snapshot only																				-1.368
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	7.2%	8.0%	9.2%	9.7%	8.2%	6.7%	5.6%	6.0%	7.2%	18.6%	11.6%	5.0%	2.7%	1.2%	1.1%	1.0%	0.8%	0.8%	0.7%	0.9%	0.39%
Dividend/Share	$2.26	$2.25	$2.24	$2.25	$1.95	$1.69	$1.79	$1.97	$2.16	$1.78	$1.12	$0.56	$0.25	$0.14	$0.12	$0.12	$0.10	$0.11	$0.10	$0.10	$0.04
Payout Ratio	58.6%	57.6%	55.8%	55.6%	53.8%	15.5%	15.7%	17.0%	—	—	—	—	—	—	—	—	—	—	1.0%	50.0%	50.00%
FCF Payout Ratio	1.2%	1.0%	51.9%	41.3%	34.2%	10.0%	—	—	2.6%	—	14.5%	1.1%	1.8%	—	—	8.3%	—	23.1%	62.0%	—	—
Total Payout Ratio	61.2%	59.4%	59.0%	58.6%	57.5%	16.4%	16.3%	17.6%	—	—	—	—	—	—	—	—	—	—	1.1%	57.3%	57.29%
Div. Increase Streak	0	0	0	0	1	1	1	0	1	1	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	0.07	0.08	0.10	0.10	0.08	0.18	0.29	0.43	0.55	0.32	-0.12	-0.52	-0.80	-0.86	-0.84	-0.75	-0.45	-0.13	0.01	-0.03	-0.031
Buyback Yield	0.3%	0.3%	0.5%	0.5%	0.6%	0.4%	0.2%	0.2%	0.2%	0.5%	0.4%	0.3%	0.3%	0.1%	0.2%	0.2%	0.0%	0.1%	0.1%	0.1%	0.13%
Net Buyback Yield	0.3%	0.3%	0.5%	0.5%	0.6%	0.4%	0.2%	0.2%	0.2%	-17.0%	-26.2%	-24.2%	-30.7%	-12.2%	-5.7%	0.1%	0.0%	0.1%	0.1%	0.1%	0.13%
Total Shareholder Return	7.5%	8.3%	9.8%	10.3%	8.8%	7.0%	5.8%	6.2%	7.3%	1.5%	-14.5%	-19.2%	-28.0%	-11.0%	-4.6%	1.2%	0.8%	0.9%	0.8%	1.0%	1.01%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	0.74	0.74	0.75	0.75	0.79	0.95	0.95	0.95	1.58	0.99	0.94	0.92	0.81	0.80	0.82	0.82	0.89	1.24	0.57	0.83	0.835
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
EBIT Margin	0.46	0.47	0.46	0.44	0.38	0.92	0.72	0.57	-0.01	-0.37	-0.51	-0.61	-0.22	-0.19	-0.14	-0.10	-0.04	-0.01	0.02	0.03	0.027
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.048
Equity Multiplier	8.34	8.66	8.77	8.81	9.43	10.44	10.17	9.82	11.88	12.34	12.22	11.53	12.96	12.73	12.81	12.35	11.51	11.35	11.08	11.37	11.369

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$3.85	$3.90	$4.02	$4.04	$3.61	$10.90	$11.37	$11.58	$-0.33	$-9.78	$-10.74	$-9.91	$-3.21	$-2.15	$-1.54	$-0.95	$-0.39	$-0.12	$0.10	$0.21	$0.21
Book Value/Share	$45.54	$44.48	$43.86	$43.42	$49.05	$47.00	$45.85	$45.49	$34.75	$34.01	$28.65	$23.38	$23.42	$19.65	$19.50	$19.53	$17.75	$17.41	$17.19	$16.40	$18.58
Tangible Book/Share	$29.85	$28.86	$28.26	$27.81	$28.23	$28.72	$28.63	$28.02	$27.54	$27.19	$22.92	$21.96	$21.95	$18.55	$18.46	$18.55	$16.92	$16.64	$16.49	$15.74	$15.74
Revenue/Share	$11.31	$11.31	$11.57	$12.20	$12.11	$12.49	$16.72	$21.44	$25.11	$26.59	$22.39	$17.83	$18.31	$14.43	$13.36	$12.18	$10.33	$9.72	$9.22	$9.20	$10.42
FCF/Share	$1.85	$2.23	$4.33	$5.44	$5.69	$16.84	$-4.14	$-0.69	$0.82	$-12.81	$7.72	$0.50	$0.14	$-0.53	$-1.56	$1.44	$-0.52	$0.45	$0.17	$-0.65	$-0.37
OCF/Share	$1.87	$2.26	$4.34	$5.45	$5.70	$16.89	$-3.91	$-0.50	$1.09	$-12.43	$7.97	$0.66	$0.25	$-0.51	$-1.57	$1.52	$-0.37	$0.62	$0.37	$-0.44	$-0.17
Cash/Share	$44.11	$48.26	$50.39	$50.38	$59.24	$126.51	$92.49	$59.06	$85.63	$54.90	$68.65	$63.70	$74.09	$61.33	$19.50	$20.44	$35.43	$0.86	$35.83	$36.00	$40.78
EBITDA/Share	$5.35	$5.39	$5.49	$5.53	$4.72	$11.63	$12.33	$12.75	$0.48	$-9.13	$-10.82	$-10.29	$-3.42	$-2.27	$-1.46	$-0.78	$-0.11	$0.21	$0.55	$0.54	$0.54
Debt/Share	$132.92	$100.31	$93.44	$90.27	$175.96	$93.10	$68.03	$60.36	$118.84	$108.35	$98.57	$55.46	$41.37	$34.18	$31.75	$31.75	$26.56	$23.98	$23.09	$23.47	$23.47
Net Debt/Share	$88.81	$52.05	$43.05	$39.89	$116.72	$-33.41	$-24.46	$1.30	$33.21	$53.45	$29.92	$-8.24	$-32.71	$-27.15	$12.25	$11.31	$-8.87	$23.12	$-12.74	$-12.53	$-12.53

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.847
Altman Z-Prime	snapshot only																				1.304
Piotroski F-Score	4	5	4	5	3	7	5	4	5	1	4	4	6	5	3	5	5	5	6	4	4
Beneish M-Score	-2.44	-2.57	-2.46	-2.33	-1.75	-0.87	-0.46	-0.69	-1.06	-2.04	-1.43	-2.09	-3.12	-3.03	-3.95	-3.88	-3.75	-3.57	-2.66	-2.71	-2.715
Ohlson O-Score	snapshot only																				-6.865
ROIC (Greenblatt)	snapshot only																				0.67%
Net-Net WC	snapshot only																				$-135.16
EVA	snapshot only																				$-84400000.00

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				B+
Credit Score	40.05	40.55	42.92	43.98	37.88	67.72	64.51	58.45	16.62	12.67	14.70	14.82	20.73	25.22	15.88	20.65	20.46	21.56	36.85	32.36	32.357
Credit Grade	snapshot only																				14
Credit Trend	snapshot only																				11.707
Implied Spread (bps)	snapshot only																				650.000
Industry Credit Rank	snapshot only																				4
Sector Credit Rank	snapshot only																				13

FLG NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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