Also trades as: FVI.TO (TSX) · $vol 8M · 0QYM.L (LSE) · $vol 0M

$11.25

+0.09 (+0.76%)

Weekly Expected Move ±5.1%

$10 $11 $11 $12 $12

NYSE · Basic Materials · Gold · Tech Score Sell · Power 41 · $3.4B mcap · 300M float · 1.75% daily turnover · Short 59% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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.

WEAK EDGE

49.4 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 30.4% · 5Y Avg: 6.5%

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. FSM shows a Weak competitive edge (49.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. ROIC of 30.4% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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

Low

$14

Avg Target

$14

High

Based on 5 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 1Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$14.50

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-30	Scotiabank	Eric Winmill	$14	$14	+0	+73.2%	$8.37
2026-01-26	Scotiabank	Eric Winmill	$11	$14	+3	+14.2%	$12.26
2025-11-24	Scotiabank	Eric Winmill	$10	$11	+0	+33.7%	$8.23
2025-10-23	Scotiabank	—	$8	$10	+2	+28.9%	$8.14
2025-10-16	Scotiabank	—	$6	$8	+2	-12.5%	$9.71
2024-10-14	Scotiabank	Eric Winmill	$6	$6	+0	+40.4%	$4.63
2024-06-11	Scotiabank	Eric Winmill	Initiated	$6	—	+18.9%	$5.04

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 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. FSM receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5).

Rating Change History

Date	From	To
2026-10-01	A	A-
2026-08-03	A-	A
2026-07-30	A	A-
2026-04-28	A-	A

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.

★ ★ ★ ★ ★ 85 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. FSM scores highest in Safety (100/100) and lowest in Growth (64/100). An overall grade of A+ places FSM among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score

4.37

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-2.95

Unlikely Manipulator

Ohlson O-Score

-11.04

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 96.5/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 1.64x

Accruals: -10.5%

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. FSM scores 4.37, 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. FSM scores 7/9, signaling strong financial health across all three dimensions. 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. FSM's score of -2.95 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. FSM'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. FSM receives an estimated rating of AAA (score: 96.5/100), 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). FSM'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

9.07x

PEG

0.06x

P/S

2.88x

P/B

1.92x

P/FCF

6.67x

P/OCF

4.46x

EV/EBITDA

2.95x

EV/Revenue

2.02x

EV/EBIT

3.85x

EV/FCF

5.76x

Earnings Yield

13.66%

FCF Yield

15.00%

Shareholder Yield

4.06%

Graham Number

$11.81

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 9.1x earnings, FSM trades at a deep value multiple. An earnings yield of 13.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $11.81 per share, suggesting a potential 5% 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

0.633

NI / EBT

Interest Burden

0.962

EBT / EBIT

EBIT Margin

0.526

EBIT / Rev

Asset Turnover

0.511

Rev / Assets

Equity Multiplier

1.421

Assets / Equity

ROE

23.3%

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. FSM's ROE of 23.3% is driven by EBIT Margin (0.526) as the dominant factor.

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

$44.42

Price/Value

0.19x

Margin of Safety

80.98%

Premium

-80.98%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with FSM's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. At an intrinsic value of $44.42, FSM appears undervalued with a 81% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 9.1x.

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

$11.25

Median 1Y

$10.61

5th Pctile

$3.91

95th Pctile

$28.75

Ann. Volatility

62.7%

Analyst Target

$14.50

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

—

Revenue / Employee

—

Rev: $960,059,206

Profit / Employee

—

NI: $302,134,023

SGA / Employee

—

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	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	5.9%	5.5%	5.3%	4.0%	2.9%	-9.8%	-10.8%	-10.7%	-8.2%	-4.1%	-2.8%	0.2%	1.8%	9.7%	11.8%	11.1%	15.2%	18.7%	21.1%	23.3%	23.25%
ROA	4.1%	3.8%	3.7%	2.8%	2.0%	-6.6%	-7.2%	-7.0%	-5.5%	-2.6%	-1.8%	0.1%	1.2%	6.3%	7.8%	7.6%	10.7%	12.7%	14.6%	16.4%	16.36%
ROIC	5.1%	5.2%	5.4%	3.9%	3.3%	-6.4%	-7.0%	-7.1%	-5.0%	-0.0%	-3.2%	-0.6%	1.2%	9.6%	12.5%	14.6%	19.2%	23.8%	29.3%	30.4%	30.43%
ROCE	6.7%	6.5%	6.0%	5.3%	5.0%	-6.5%	-7.0%	-7.5%	-5.1%	0.7%	2.4%	3.7%	5.2%	12.0%	14.0%	16.7%	19.7%	21.3%	24.9%	28.1%	28.08%
Gross Margin	29.1%	29.3%	34.8%	19.4%	14.8%	15.8%	23.0%	20.1%	27.1%	19.5%	34.6%	33.7%	31.6%	35.4%	39.9%	45.6%	53.0%	54.4%	61.9%	57.6%	57.62%
Operating Margin	13.4%	19.5%	22.3%	7.8%	3.4%	-1.1%	13.6%	4.9%	18.7%	-29.2%	24.1%	19.7%	26.4%	17.5%	31.7%	36.3%	61.5%	44.6%	53.2%	51.3%	51.25%
Net Margin	-0.3%	7.9%	14.3%	1.4%	-2.3%	-92.7%	6.2%	2.0%	11.3%	-34.8%	13.1%	26.0%	18.4%	3.8%	20.2%	16.2%	49.2%	25.4%	32.4%	23.7%	23.71%
EBITDA Margin	31.3%	40.0%	41.2%	36.9%	30.6%	-78.2%	38.3%	30.2%	45.5%	2.5%	50.3%	49.0%	49.7%	45.3%	53.8%	59.0%	83.9%	61.0%	67.4%	64.3%	64.32%
FCF Margin	4.3%	-1.0%	-6.4%	-8.0%	-5.3%	-8.2%	-6.5%	-9.1%	0.4%	9.6%	12.4%	20.6%	16.9%	19.9%	25.9%	21.7%	24.0%	27.7%	33.4%	35.2%	35.17%
OCF Margin	24.3%	24.4%	23.9%	24.9%	28.3%	28.7%	30.2%	30.1%	32.6%	35.6%	35.4%	38.8%	35.9%	39.1%	43.2%	39.8%	42.3%	44.9%	50.3%	52.6%	52.59%
ROE 3Y Avg	snapshot only																				10.72%
ROE 5Y Avg	snapshot only																				4.80%
ROA 3Y Avg	snapshot only																				7.55%
ROIC 3Y Avg	snapshot only																				13.45%
ROIC Economic	snapshot only																				21.34%
Cash ROA	snapshot only																				24.94%
Cash ROIC	snapshot only																				44.92%
CROIC	snapshot only																				30.03%
NOPAT Margin	snapshot only																				35.63%
Pretax Margin	snapshot only																				50.61%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				8.40%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	18.70	19.48	19.50	19.19	18.18	-8.49	-7.79	-6.66	-7.21	-23.28	-32.42	763.84	58.11	10.41	11.67	12.82	13.01	10.40	9.69	7.32	9.073
P/S Ratio	2.25	1.88	1.69	1.18	1.03	1.60	1.65	1.43	1.08	1.40	1.32	1.79	1.62	1.43	1.84	1.84	2.80	2.87	3.01	2.34	2.878
P/B Ratio	0.84	0.82	0.80	0.60	0.53	0.87	0.89	0.75	0.60	0.96	0.91	1.16	1.03	0.95	1.29	1.35	1.85	1.79	1.86	1.57	1.916
P/FCF	52.50	-197.79	-26.32	-14.64	-19.36	-19.36	-25.46	-15.68	255.85	14.68	10.65	8.70	9.61	7.22	7.10	8.49	11.66	10.39	9.02	6.67	6.668
P/OCF	9.27	7.69	7.05	4.74	3.63	5.57	5.49	4.74	3.31	3.95	3.75	4.61	4.52	3.67	4.25	4.63	6.62	6.40	5.99	4.46	4.459
EV/EBITDA	5.90	4.96	4.81	3.61	3.26	21.14	25.92	32.17	10.17	5.68	4.82	5.66	4.56	2.89	3.49	3.26	4.33	4.05	3.82	2.95	2.951
EV/Revenue	2.42	2.01	1.86	1.36	1.22	1.83	1.97	1.80	1.33	1.57	1.48	1.93	1.63	1.39	1.73	1.68	2.58	2.59	2.59	2.02	2.024
EV/EBIT	10.66	10.04	10.79	9.35	9.24	-10.97	-10.43	-8.64	-10.27	104.87	31.75	25.22	15.21	5.83	6.62	5.74	6.89	5.89	5.16	3.85	3.846
EV/FCF	56.34	-211.71	-29.01	-16.87	-22.98	-22.21	-30.28	-19.73	313.89	16.37	11.88	9.36	9.67	7.02	6.68	7.74	10.77	9.37	7.75	5.76	5.755
Earnings Yield	5.3%	5.1%	5.1%	5.2%	5.5%	-11.8%	-12.8%	-15.0%	-13.9%	-4.3%	-3.1%	0.1%	1.7%	9.6%	8.6%	7.8%	7.7%	9.6%	10.3%	13.7%	13.66%
FCF Yield	1.9%	-0.5%	-3.8%	-6.8%	-5.2%	-5.2%	-3.9%	-6.4%	0.4%	6.8%	9.4%	11.5%	10.4%	13.9%	14.1%	11.8%	8.6%	9.6%	11.1%	15.0%	15.00%
PEG Ratio	snapshot only																				0.063
Price/Tangible Book	snapshot only																				1.572
EV/OCF	snapshot only																				3.848
EV/Gross Profit	snapshot only																				3.543
Acquirers Multiple	snapshot only																				3.858
Shareholder Yield	snapshot only																				4.06%
Graham Number	snapshot only																				$11.81

Leverage & Solvency

Metric	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	0.96	1.69	2.07	2.26	1.93	1.87	1.90	1.98	2.12	1.37	1.27	1.51	1.94	1.90	2.04	2.71	3.30	2.98	3.17	3.00	3.003
Quick Ratio	0.73	1.17	1.44	1.58	1.29	1.19	1.26	1.23	1.27	0.89	0.76	1.00	1.37	1.37	1.56	2.15	2.73	2.50	2.74	2.50	2.504
Debt/Equity	0.16	0.14	0.16	0.17	0.16	0.19	0.24	0.27	0.22	0.21	0.18	0.17	0.13	0.14	0.14	0.14	0.13	0.16	0.12	0.13	0.133
Net Debt/Equity	0.06	0.06	0.08	0.09	0.10	0.13	0.17	0.19	0.14	0.11	0.11	0.09	0.01	-0.03	-0.08	-0.12	-0.14	-0.18	-0.26	-0.22	-0.215
Debt/Assets	0.11	0.09	0.11	0.12	0.11	0.13	0.15	0.17	0.15	0.13	0.11	0.11	0.09	0.09	0.09	0.10	0.10	0.11	0.08	0.09	0.094
Debt/EBITDA	1.06	0.77	0.88	0.91	0.85	4.07	5.78	9.12	3.10	1.14	0.83	0.76	0.59	0.43	0.39	0.38	0.33	0.40	0.28	0.29	0.288
Net Debt/EBITDA	0.40	0.33	0.45	0.48	0.51	2.71	4.12	6.61	1.88	0.59	0.50	0.40	0.03	-0.08	-0.22	-0.31	-0.36	-0.44	-0.63	-0.47	-0.468
Interest Coverage	11.34	9.64	8.94	7.31	7.59	-8.60	-10.85	-14.25	-7.20	0.74	1.87	2.53	3.52	8.30	10.00	12.12	16.78	19.95	23.06	26.19	26.192
Equity Multiplier	1.47	1.47	1.47	1.47	1.46	1.51	1.55	1.58	1.53	1.59	1.54	1.52	1.47	1.51	1.50	1.43	1.38	1.44	1.41	1.41	1.413
Cash Ratio	snapshot only																				2.208
Debt Service Coverage	snapshot only																				34.141
Cash to Debt	snapshot only																				2.624
FCF to Debt	snapshot only																				1.778
Defensive Interval	snapshot only																				4495.7 days

Efficiency & Turnover

Metric	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	0.34	0.39	0.42	0.45	0.35	0.35	0.34	0.33	0.36	0.44	0.45	0.43	0.43	0.46	0.50	0.53	0.50	0.46	0.47	0.51	0.511
Inventory Turnover	7.39	6.51	6.31	7.35	6.97	6.01	6.08	5.67	5.36	6.28	6.03	5.31	4.94	4.94	5.07	5.44	5.20	4.22	3.88	3.92	3.917
Receivables Turnover	22.51	23.06	19.23	27.07	34.00	27.43	21.74	36.00	34.69	38.34	33.43	47.11	32.26	40.04	49.21	61.78	42.32	44.03	61.69	80.48	80.478
Payables Turnover	5.61	6.91	8.90	10.28	6.87	6.89	7.43	7.65	7.71	7.54	7.27	7.30	7.44	6.46	6.65	7.79	8.10	6.41	5.83	6.35	6.348
DSO	16	16	19	13	11	13	17	10	11	10	11	8	11	9	7	6	9	8	6	5	4.5 days
DIO	49	56	58	50	52	61	60	64	68	58	60	69	74	74	72	67	70	87	94	93	93.2 days
DPO	65	53	41	35	53	53	49	48	47	48	50	50	49	57	55	47	45	57	63	57	57.5 days
Cash Conversion Cycle	1	19	36	28	10	21	28	27	31	19	21	26	36	26	25	26	34	38	37	40	40.2 days
Fixed Asset Turnover	snapshot only																				0.745
Operating Cycle	snapshot only																				97.7 days
Cash Velocity	snapshot only																				1.928
Capital Intensity	snapshot only																				2.109

Growth (YoY)

Metric	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	1.1%	1.2%	90.2%	67.3%	41.9%	13.6%	1.6%	-6.5%	3.7%	23.6%	28.6%	30.1%	21.0%	10.9%	18.0%	26.8%	19.7%	11.7%	7.1%	7.9%	7.89%
Net Income	1.8%	1.7%	9.7%	-41.2%	-33.5%	-3.2%	-3.5%	-4.3%	-3.8%	60.3%	75.3%	1.0%	1.2%	3.5%	5.5%	76.7%	8.2%	1.2%	1.1%	1.4%	1.41%
EPS	87.8%	70.9%	-27.3%	-60.9%	-34.0%	-3.2%	-3.5%	-4.3%	-3.7%	62.4%	76.5%	1.0%	1.2%	3.5%	5.5%	78.7%	7.6%	1.3%	96.1%	1.3%	1.26%
FCF	-76.2%	70.4%	-3.5%	-2.3%	-2.8%	-8.9%	-2.9%	-5.7%	1.1%	2.4%	3.5%	3.9%	47.3%	1.3%	1.5%	33.5%	69.9%	55.5%	38.4%	75.0%	74.98%
EBITDA	1.2%	1.3%	68.5%	36.9%	29.4%	-75.8%	-80.1%	-86.1%	-63.8%	2.9%	4.2%	6.9%	2.3%	94.3%	90.2%	91.9%	99.3%	48.2%	46.9%	43.6%	43.60%
Op. Income	2.3%	1.4%	43.3%	-13.9%	-22.0%	-1.8%	-2.0%	-2.2%	-2.0%	99.6%	1.2%	1.3%	1.8%	507.4%	9.3%	5.4%	4.2%	1.2%	1.2%	1.1%	1.06%
OCF Growth	snapshot only																				42.69%
Asset Growth	snapshot only																				16.79%
Equity Growth	snapshot only																				18.22%
Debt Growth	snapshot only																				8.39%
Shares Change	snapshot only																				6.37%

Growth (CAGR)

Metric	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	21.8%	31.6%	38.2%	42.5%	42.4%	38.4%	40.0%	44.1%	44.8%	44.5%	35.4%	26.7%	21.2%	15.9%	15.5%	15.5%	14.5%	15.3%	17.6%	21.2%	21.19%
Revenue 5Y	21.6%	23.3%	23.4%	23.1%	23.4%	20.5%	19.8%	18.6%	21.6%	26.2%	28.1%	28.6%	29.4%	29.4%	33.0%	37.6%	34.5%	30.2%	25.7%	22.7%	22.73%
EPS 3Y	-20.1%	-2.0%	12.2%	3.7%	46.6%	—	—	—	—	—	—	-74.3%	-27.6%	27.2%	38.8%	51.1%	70.6%	—	—	—	—
EPS 5Y	—	9.6%	1.3%	-9.3%	-9.8%	—	—	—	—	—	—	-45.5%	12.6%	22.6%	37.5%	1.4%	43.8%	51.8%	30.7%	25.0%	24.95%
Net Income 3Y	-2.7%	19.4%	36.8%	26.5%	79.0%	—	—	—	—	—	—	-69.9%	-25.5%	30.5%	40.9%	53.4%	78.8%	—	—	—	—
Net Income 5Y	—	26.5%	15.3%	2.5%	1.8%	—	—	—	—	—	—	-37.7%	28.9%	40.2%	56.7%	1.7%	60.1%	68.0%	45.4%	38.5%	38.54%
EBITDA 3Y	9.7%	30.6%	36.6%	41.1%	46.9%	-15.1%	-16.1%	-18.0%	0.3%	29.6%	20.4%	14.7%	15.8%	22.8%	25.3%	28.4%	33.7%	1.2%	1.4%	1.8%	1.80%
EBITDA 5Y	39.3%	24.1%	20.1%	17.6%	17.7%	-17.7%	-20.1%	-25.8%	-9.2%	16.2%	21.4%	25.4%	30.6%	36.1%	42.3%	53.1%	46.2%	44.4%	37.2%	33.0%	32.99%
Gross Profit 3Y	19.2%	28.6%	35.9%	37.1%	31.7%	20.2%	20.6%	26.1%	23.7%	19.9%	12.5%	8.3%	10.4%	15.4%	18.5%	27.1%	37.0%	50.7%	69.1%	76.5%	76.49%
Gross Profit 5Y	22.5%	20.6%	18.7%	15.4%	13.5%	6.0%	1.7%	0.0%	7.5%	14.5%	20.4%	25.1%	27.2%	30.2%	38.7%	46.5%	39.7%	35.4%	31.2%	29.1%	29.08%
Op. Income 3Y	3.8%	30.5%	39.9%	38.2%	46.3%	—	—	—	—	—	-36.9%	-29.2%	-16.2%	14.3%	21.8%	38.0%	57.3%	—	—	—	—
Op. Income 5Y	65.6%	23.0%	17.2%	9.5%	6.9%	—	—	—	—	—	-13.6%	1.6%	18.8%	43.0%	58.1%	1.1%	58.7%	51.1%	41.4%	36.1%	36.13%
FCF 3Y	4.3%	—	—	—	—	—	—	—	-67.4%	—	85.6%	58.3%	91.3%	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	-30.3%	—	—	—	—	39.2%	50.9%	38.6%	23.2%	—	85.0%	56.1%	56.11%
OCF 3Y	9.7%	20.8%	33.4%	36.8%	45.7%	45.0%	47.1%	70.2%	52.7%	53.8%	45.4%	37.7%	38.0%	35.6%	40.6%	35.1%	30.9%	33.8%	39.5%	46.0%	45.96%
OCF 5Y	19.6%	22.7%	20.8%	18.7%	24.7%	22.7%	20.1%	17.0%	21.1%	29.2%	35.6%	37.2%	37.6%	41.6%	47.3%	60.8%	46.2%	41.6%	40.8%	37.1%	37.09%
Assets 3Y	39.5%	37.0%	37.3%	35.8%	32.6%	26.1%	26.7%	27.6%	27.5%	23.1%	22.1%	23.2%	1.3%	1.5%	2.0%	1.3%	3.3%	8.8%	8.6%	7.8%	7.84%
Assets 5Y	29.8%	29.1%	26.4%	26.4%	25.5%	21.6%	22.4%	22.5%	22.6%	20.1%	19.6%	19.7%	19.0%	17.7%	18.0%	17.4%	17.8%	18.0%	18.4%	18.2%	18.18%
Equity 3Y	31.4%	31.6%	32.2%	31.3%	31.5%	25.1%	25.8%	22.1%	23.6%	19.5%	18.8%	20.1%	1.5%	0.7%	1.4%	2.3%	5.3%	10.4%	12.2%	11.9%	11.92%
Book Value 3Y	7.9%	8.1%	8.4%	7.7%	7.8%	2.7%	3.0%	2.1%	7.8%	0.8%	2.0%	2.3%	-1.4%	-1.9%	-0.1%	0.7%	0.5%	8.5%	7.5%	7.7%	7.74%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	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	0.55	0.56	0.59	0.59	0.66	0.69	0.73	0.71	0.80	0.87	0.91	0.92	0.98	0.99	0.97	0.94	0.96	0.97	0.99	0.98	0.981
Earnings Stability	0.17	0.02	0.06	0.00	0.00	0.46	0.38	0.37	0.37	0.42	0.29	0.16	0.08	0.01	0.02	0.04	0.15	0.36	0.36	0.38	0.379
Margin Stability	0.91	0.92	0.83	0.79	0.84	0.77	0.69	0.66	0.74	0.73	0.69	0.69	0.78	0.78	0.76	0.76	0.73	0.66	0.59	0.60	0.598
Rev. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	0.50	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.96	0.84	0.87	0.20	0.20	0.20	0.20	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	0.06	0.09	0.91	0.48	0.60	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.23	0.28	0.17	0.175
ROE Trend	0.02	0.01	-0.01	-0.02	-0.01	-0.14	-0.17	-0.18	-0.12	-0.01	0.01	0.04	0.04	0.16	0.18	0.16	0.18	0.15	0.15	0.16	0.161
Gross Margin Trend	0.05	-0.02	-0.04	-0.08	-0.12	-0.15	-0.20	-0.18	-0.10	-0.05	-0.00	0.04	0.06	0.12	0.14	0.15	0.17	0.20	0.24	0.24	0.244
FCF Margin Trend	0.09	-0.04	-0.16	-0.24	-0.26	-0.04	-0.06	-0.10	0.01	0.14	0.19	0.29	0.19	0.19	0.23	0.16	0.15	0.13	0.14	0.14	0.140
Sustainable Growth Rate	5.9%	5.5%	5.3%	4.0%	2.9%	—	—	—	—	—	—	0.2%	1.8%	9.7%	11.8%	11.1%	15.2%	18.7%	21.1%	23.3%	23.25%
Internal Growth Rate	4.2%	3.9%	3.8%	2.9%	2.0%	—	—	—	—	—	—	0.1%	1.2%	6.7%	8.4%	8.2%	11.9%	14.6%	17.1%	19.6%	19.56%

Cash Flow Quality

Metric	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	2.02	2.53	2.76	4.05	5.01	-1.52	-1.42	-1.41	-2.18	-5.90	-8.65	165.57	12.86	2.84	2.75	2.77	1.97	1.62	1.62	1.64	1.643
FCF/OCF	0.18	-0.04	-0.27	-0.32	-0.19	-0.29	-0.22	-0.30	0.01	0.27	0.35	0.53	0.47	0.51	0.60	0.55	0.57	0.62	0.66	0.67	0.669
FCF/Net Income	snapshot only																				1.098
OCF/EBITDA	snapshot only																				0.767
CapEx/Revenue	20.0%	25.4%	30.4%	32.9%	33.6%	36.9%	36.7%	39.2%	32.2%	26.0%	22.9%	18.2%	19.0%	19.2%	17.4%	18.1%	18.3%	17.2%	16.9%	17.4%	17.43%
CapEx/Depreciation	snapshot only																				1.091
Accruals Ratio	-0.04	-0.06	-0.06	-0.08	-0.08	-0.17	-0.17	-0.17	-0.17	-0.18	-0.18	-0.17	-0.14	-0.12	-0.14	-0.13	-0.10	-0.08	-0.09	-0.11	-0.105
Sloan Accruals	snapshot only																				-0.001
Cash Flow Adequacy	snapshot only																				3.018
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	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	0.0%	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%	0.00%
FCF 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%	0.00%
Total Payout Ratio	0.1%	0.1%	0.1%	7.0%	14.7%	—	—	—	—	—	—	1.7%	14.1%	26.5%	21.6%	22.0%	15.0%	3.6%	9.0%	29.7%	29.74%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.4%	0.8%	0.6%	0.5%	0.3%	0.0%	0.0%	0.3%	0.2%	0.2%	2.5%	1.9%	1.7%	1.2%	0.3%	0.9%	4.1%	4.06%
Net Buyback Yield	-0.0%	-0.0%	-0.0%	0.3%	0.8%	0.6%	0.5%	0.3%	0.0%	-0.0%	0.3%	0.2%	0.2%	2.5%	1.9%	1.7%	1.2%	0.3%	0.9%	4.1%	4.06%
Total Shareholder Return	-0.0%	-0.0%	-0.0%	0.3%	0.8%	0.6%	0.5%	0.3%	0.0%	-0.0%	0.3%	0.2%	0.2%	2.5%	1.9%	1.7%	1.2%	0.3%	0.9%	4.1%	4.06%

DuPont Factors

Metric	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)	0.58	0.54	0.57	0.49	0.50	1.02	1.03	0.95	0.98	4.60	-2.51	0.06	0.37	0.68	0.69	0.55	0.62	0.66	0.65	0.63	0.633
Interest Burden (EBT/EBIT)	0.92	0.89	0.88	0.85	0.86	1.10	1.09	1.08	1.19	-0.88	0.35	0.55	0.71	0.85	0.88	0.90	0.93	0.95	0.96	0.96	0.962
EBIT Margin	0.23	0.20	0.17	0.15	0.13	-0.17	-0.19	-0.21	-0.13	0.01	0.05	0.08	0.11	0.24	0.26	0.29	0.37	0.44	0.50	0.53	0.526
Asset Turnover	0.34	0.39	0.42	0.45	0.35	0.35	0.34	0.33	0.36	0.44	0.45	0.43	0.43	0.46	0.50	0.53	0.50	0.46	0.47	0.51	0.511
Equity Multiplier	1.45	1.46	1.45	1.45	1.47	1.49	1.51	1.52	1.50	1.55	1.55	1.55	1.50	1.55	1.52	1.47	1.42	1.47	1.45	1.42	1.421

Per Share

Metric	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)	$0.21	$0.20	$0.20	$0.15	$0.14	$-0.44	$-0.49	$-0.49	$-0.38	$-0.17	$-0.12	$0.01	$0.08	$0.41	$0.52	$0.51	$0.69	$0.94	$1.02	$1.15	$1.15
Book Value/Share	$4.71	$4.76	$4.76	$4.73	$4.76	$4.29	$4.29	$4.30	$4.52	$4.04	$4.09	$4.21	$4.51	$4.49	$4.74	$4.84	$4.83	$5.47	$5.33	$5.38	$6.04
Tangible Book/Share	$4.71	$4.76	$4.76	$4.73	$4.76	$4.29	$4.29	$4.30	$4.52	$4.04	$4.09	$4.21	$4.51	$4.49	$4.74	$4.84	$4.83	$5.47	$5.33	$5.38	$5.38
Revenue/Share	$1.74	$2.07	$2.26	$2.41	$2.46	$2.35	$2.31	$2.27	$2.52	$2.75	$2.82	$2.73	$2.85	$2.99	$3.32	$3.55	$3.21	$3.41	$3.29	$3.60	$3.93
FCF/Share	$0.07	$-0.02	$-0.14	$-0.19	$-0.13	$-0.19	$-0.15	$-0.21	$0.01	$0.26	$0.35	$0.56	$0.48	$0.59	$0.86	$0.77	$0.77	$0.94	$1.10	$1.27	$1.38
OCF/Share	$0.42	$0.51	$0.54	$0.60	$0.69	$0.67	$0.70	$0.68	$0.82	$0.98	$1.00	$1.06	$1.02	$1.17	$1.44	$1.41	$1.35	$1.53	$1.66	$1.90	$2.07
Cash/Share	$0.47	$0.37	$0.38	$0.39	$0.31	$0.28	$0.29	$0.32	$0.40	$0.42	$0.28	$0.33	$0.57	$0.74	$1.00	$1.28	$1.33	$1.83	$2.03	$1.87	$2.04
EBITDA/Share	$0.71	$0.84	$0.87	$0.91	$0.92	$0.20	$0.18	$0.13	$0.33	$0.76	$0.86	$0.93	$1.02	$1.44	$1.64	$1.83	$1.91	$2.19	$2.23	$2.47	$2.47
Debt/Share	$0.76	$0.65	$0.77	$0.83	$0.78	$0.83	$1.01	$1.16	$1.02	$0.86	$0.72	$0.71	$0.60	$0.62	$0.64	$0.70	$0.64	$0.87	$0.63	$0.71	$0.71
Net Debt/Share	$0.29	$0.27	$0.39	$0.43	$0.47	$0.55	$0.72	$0.84	$0.62	$0.44	$0.43	$0.37	$0.03	$-0.12	$-0.36	$-0.58	$-0.69	$-0.96	$-1.40	$-1.16	$-1.16

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.365
Altman Z-Prime	snapshot only																				8.239
Piotroski F-Score	6	6	6	6	5	4	4	4	5	5	6	7	7	8	9	9	7	8	8	7	7
Beneish M-Score	-2.00	-1.83	-1.83	-2.72	-2.41	-3.18	-3.01	-3.17	-3.28	-1.94	-1.88	0.02	0.12	-2.72	-2.81	-3.19	-3.58	-3.19	-3.27	-2.95	-2.953
Ohlson O-Score	snapshot only																				-11.038
ROIC (Greenblatt)	snapshot only																				29.04%
Net-Net WC	snapshot only																				$0.48
EVA	snapshot only																				$283262140.07

Credit

Metric	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																				AAA
Credit Score	53.11	66.76	68.33	62.99	60.68	33.42	31.65	24.00	32.04	44.54	53.25	66.72	70.31	76.04	83.64	87.15	96.15	95.73	96.94	96.49	96.492
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				9.337
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				93
Sector Credit Rank	snapshot only																				94

FSM 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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