— Know what they know.
Not Investment Advice
Also trades as: GTT.PA (PAR) · $vol 22M · GZPZY (OTC) · $vol 0M

GZPZF OTC

Gaztransport & Technigaz S.A.
1W: +0.7% 1M: +0.7% 3M: +9.6% YTD: +21.0% 1Y: +68.1% 3Y: +126.7% 5Y: +271.6%
$241.99
+0.00 (+0.00%)
 
OTC · Energy · Oil & Gas Equipment & Services · Tech Score Buy · Power 59 · $9.0B mcap · 37M float · 0.0001% daily turnover · Short 93% of daily vol

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.

B+
Oct 02, 2026
DCF
5
ROE
5
ROA
5
D/E
1
P/E
2
P/B
1
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. GZPZF receives an overall rating of B+. Strongest factors: DCF (5/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (1/5).
Rating Change History
DateFromTo
2026-10-02 A- B+
2026-09-25 A A-
2026-09-18 A- A
2026-07-22 A A-
2026-07-03 A- A
2026-06-30 None ADDED
2026-06-13 EXISTED None
2026-06-05 None ADDED
2026-06-01 EXISTED None
2026-05-27 None ADDED

InsiderStreet Scorecard

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

★ ★ ★ ★ ★ — Grade A+
Profitability
100
Balance Sheet
89
Earnings Quality
57
Growth
94
Value
—
Momentum
96
Safety
—
Cash Flow
93

Risk & Quality Signals

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

Altman Z-Score
—
—
Piotroski F-Score
5/9
✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓
Beneish M-Score
-1.25
Possible Manipulator
Ohlson O-Score
-13.20
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA-
Score: 82.8/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 1.11x
Accruals: -10.3%
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. GZPZF 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. GZPZF's score of -1.25 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. GZPZF'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. GZPZF receives an estimated rating of AA- (score: 82.8/100), 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). GZPZF'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
17.53x
PEG
0.72x
P/S
9.71x
P/B
12.68x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$89.38
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 17.5x earnings, GZPZF trades at a reasonable valuation. Graham's intrinsic value formula yields $89.38 per share, 171% 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
0.853
NI / EBT
×
Interest Burden
0.972
EBT / EBIT
×
EBIT Margin
0.629
EBIT / Rev
×
Asset Turnover
1.723
Rev / Assets
×
Equity Multiplier
1.726
Assets / Equity
=
ROE
155.1%
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. GZPZF's ROE of 155.1% is driven by Asset Turnover (1.723), 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
$829.41
Price/Value
—
Margin of Safety
—
Premium
—
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with GZPZF's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. GZPZF actually compounded EPS at 35.0% 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. GZPZF trades at a premium to its adjusted intrinsic value of $829.41, 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 17.5x.

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
$241.99
Median 1Y
$273.44
5th Pctile
$175.44
95th Pctile
$426.57
Ann. Volatility
27.6%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

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

Profitability
Metric Trend 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 Q2'26 Current
ROE 2.4% 2.2% 2.0% 1.8% 1.7% 1.7% 1.7% 1.6% 1.6% 1.8% 1.5% 1.1% 1.0% 1.0% 1.1% 1.3% 1.5% 1.6% 1.6% 1.6% 1.55%
ROA 1.1% 1.2% 97.7% 96.9% 91.3% 93.0% 95.8% 87.3% 96.2% 1.0% 87.4% 66.3% 61.8% 58.4% 64.1% 77.6% 84.5% 92.1% 91.6% 89.8% 89.83%
ROIC 6.0% 4.8% 6.6% 6.6% 31.3% 15.7% 8.2% 5.5% 3.2% 4.6% 6.8% 3.2% 5.1% 6.3% 4.2% 3.3% 4.1% 4.1% 2.0% 2.4% 2.36%
ROCE 2.2% 2.1% 2.1% 1.8% 1.6% 1.7% 1.6% 1.4% 1.5% 1.7% 1.5% 1.3% 1.1% 1.0% 1.1% 1.1% 1.3% 1.4% 1.3% 1.4% 1.37%
Gross Margin 99.5% 99.2% 99.3% 99.0% 98.6% 64.7% 68.9% 71.2% 66.5% 64.1% 58.9% 57.8% 61.1% 58.2% 56.4% 96.0% 95.3% 98.0% 65.0% 67.6% 67.62%
Operating Margin 59.8% 62.3% 65.4% 64.9% 69.8% 54.4% 60.0% 64.1% 52.1% 54.4% 45.8% 49.0% 46.1% 54.8% 53.1% 65.5% 58.3% 53.7% 65.4% 63.6% 63.59%
Net Margin 49.9% 55.0% 45.8% 59.5% 56.5% 46.2% 52.4% 56.7% 43.3% 46.3% 38.5% 44.2% 39.6% 47.3% 47.0% 57.8% 51.2% 46.3% 56.4% 54.3% 54.32%
EBITDA Margin 61.2% 63.7% 66.9% 66.1% 71.2% 55.9% 62.5% 67.0% 55.1% 58.4% 50.6% 53.3% 48.7% 54.0% 58.8% 60.4% 58.5% 56.1% 80.3% 67.4% 67.44%
FCF Margin 44.1% 46.0% 43.4% 54.3% 61.7% 59.8% 56.3% 51.8% 37.9% 43.5% 47.3% 40.8% 50.7% 48.5% 40.5% 43.8% 44.7% 41.9% 47.6% 52.3% 52.25%
OCF Margin 46.2% 47.5% 44.8% 55.7% 63.0% 61.4% 58.5% 54.3% 41.2% 47.0% 51.5% 46.0% 56.6% 55.3% 49.2% 53.0% 54.5% 50.9% 54.6% 58.1% 58.11%
ROE 3Y Avg snapshot only 1.16%
ROE 5Y Avg snapshot only 1.26%
ROA 3Y Avg snapshot only 68.37%
ROIC Economic snapshot only 1.15%
Cash ROA snapshot only 83.73%
Cash ROIC snapshot only 2.66%
CROIC snapshot only 2.39%
NOPAT Margin snapshot only 51.54%
Pretax Margin snapshot only 61.12%
R&D / Revenue snapshot only 3.45%
SGA / Revenue snapshot only 17.35%
SBC / Revenue snapshot only 0.35%
Valuation
Metric Trend 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 Q2'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 17.529
P/S Ratio — — — — — — — — — — — — — — — — — — — — 9.711
P/B Ratio — — — — — — — — — — — — — — — — — — — — 12.682
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.722
Graham Number snapshot only $89.38
Leverage & Solvency
Metric Trend 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 Q2'26 Current
Current Ratio 2.03 2.47 2.09 1.97 1.97 1.93 2.25 2.23 3.07 2.66 2.39 2.44 1.95 1.86 1.93 2.12 2.04 2.11 2.00 1.95 1.951
Quick Ratio 2.11 2.10 2.09 1.92 1.92 1.87 2.17 2.17 2.96 2.58 2.32 2.35 1.88 1.79 1.86 2.03 1.95 2.05 1.93 1.88 1.877
Debt/Equity 0.01 0.01 0.00 0.02 0.01 0.01 0.01 0.03 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.04 0.03 0.03 0.22 0.17 0.171
Net Debt/Equity -0.67 -0.63 -0.73 -0.76 -0.95 -0.90 -0.83 -0.76 -0.56 -0.67 -0.80 -0.66 -0.80 -0.85 -0.77 -0.69 -0.71 -0.69 -0.37 -0.45 -0.452
Debt/Assets 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.02 0.12 0.10 0.098
Debt/EBITDA 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.03 0.02 0.03 0.02 0.02 0.14 0.10 0.103
Net Debt/EBITDA -0.28 -0.29 -0.33 -0.40 -0.53 -0.48 -0.49 -0.49 -0.33 -0.36 -0.48 -0.46 -0.64 -0.75 -0.65 -0.58 -0.53 -0.46 -0.23 -0.27 -0.273
Interest Coverage — — — — — — — 7252.75 1993.84 2122.91 1356.01 109.34 105.26 104.81 132.28 — — — — 197.39 197.394
Equity Multiplier 1.84 1.60 1.82 1.89 1.93 1.95 1.72 1.75 1.49 1.58 1.66 1.63 1.86 1.91 1.83 1.71 1.77 1.71 1.78 1.74 1.739
Cash Ratio snapshot only 1.060
Debt Service Coverage snapshot only 207.259
Cash to Debt snapshot only 3.648
FCF to Debt snapshot only 7.678
Defensive Interval snapshot only 781.6 days
Efficiency & Turnover
Metric Trend 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 Q2'26 Current
Asset Turnover 2.20 2.23 1.93 1.84 1.68 1.79 1.79 1.64 1.92 2.05 1.87 1.54 1.46 1.37 1.43 1.58 1.65 1.83 1.74 1.72 1.723
Inventory Turnover — 0.14 — 1.09 — 2.53 18.03 17.45 24.17 24.89 23.87 21.72 20.20 19.68 20.96 13.54 9.75 7.30 8.07 11.12 11.117
Receivables Turnover 5.90 6.05 5.07 5.08 5.38 5.71 5.79 4.89 9.05 7.10 9.23 5.73 7.18 5.53 6.42 6.91 7.03 8.51 8.30 8.09 8.093
Payables Turnover 0.35 0.38 0.35 0.41 0.46 4.41 7.15 10.75 14.71 16.70 12.73 12.65 11.69 13.77 11.41 9.48 6.19 4.60 5.70 8.27 8.272
DSO 62 60 72 72 68 64 63 75 40 51 40 64 51 66 57 53 52 43 44 45 45.1 days
DIO -545 2614 -607 336 -10 144 20 21 15 15 15 17 18 19 17 27 37 50 45 33 32.8 days
DPO 1035 973 1042 884 786 83 51 34 25 22 29 29 31 27 32 39 59 79 64 44 44.1 days
Cash Conversion Cycle -1517 1701 -1577 -476 -729 125 32 62 31 44 26 52 38 58 42 41 30 14 25 34 33.8 days
Fixed Asset Turnover snapshot only 26.165
Operating Cycle snapshot only 77.9 days
Cash Velocity snapshot only 4.028
Capital Intensity snapshot only 0.694
Growth (YoY)
Metric Trend 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 Q2'26 Current
Revenue 3.1% 1.2% 38.1% 4.9% 3.4% 4.4% 14.4% 27.9% 43.3% 48.8% 33.1% 6.7% -9.1% -12.7% 3.4% 35.9% 71.9% 1.0% 96.5% 73.5% 73.47%
Net Income 3.2% 1.2% 35.8% 7.2% 9.3% 4.3% 21.3% 29.8% 32.1% 42.4% 16.3% -13.8% -23.4% -25.5% -1.0% 55.2% 1.1% 1.4% 1.3% 83.6% 83.63%
EPS 3.2% 1.2% 36.2% 7.5% 9.1% 4.3% 20.9% 29.2% 32.1% 42.3% 17.2% -13.4% -22.9% -25.4% -1.0% 55.0% 1.1% 1.4% 1.3% 83.3% 83.25%
FCF 2.3% 1.1% 15.3% 27.7% 44.5% 35.5% 48.3% 22.0% -11.9% 8.2% 11.8% -16.0% 21.6% -2.6% -11.5% 45.8% 51.5% 74.1% 1.3% 1.1% 1.07%
EBITDA 3.3% 1.2% 45.0% 10.4% 11.9% 9.2% 14.4% 27.6% 29.6% 39.3% 21.7% -9.7% -20.8% -25.9% -3.7% 40.9% 89.9% 1.3% 1.3% 1.0% 1.03%
Op. Income 3.4% 1.2% 44.9% 10.5% 12.0% 9.2% 13.9% 25.9% 26.7% 35.3% 17.5% -13.2% -23.4% -25.9% -3.5% 51.3% 1.1% 1.4% 1.3% 86.1% 86.11%
OCF Growth snapshot only 90.12%
Asset Growth snapshot only 48.60%
Equity Growth snapshot only 45.86%
Debt Growth snapshot only 5.95%
Shares Change snapshot only 0.20%
Dividend Growth snapshot only 1.20%
Growth (CAGR)
Metric Trend 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 Q2'26 Current
Revenue 3Y — — — — — — — — 82.9% 49.7% 28.1% 12.7% 10.4% 10.6% 16.3% 22.9% 30.8% 37.8% 39.3% 36.0% 36.00%
Revenue 5Y — — — — — — — — — — — — — — — — 57.1% 42.6% 33.7% 27.5% 27.54%
EPS 3Y — — — — — — — — 82.4% 48.7% 24.5% 6.4% 3.6% 3.5% 11.9% 20.2% 28.5% 36.3% 38.6% 35.0% 35.01%
EPS 5Y — — — — — — — — — — — — — — — — 57.7% 42.4% 34.4% 27.9% 27.87%
Net Income 3Y — — — — — — — — 82.3% 48.4% 24.2% 6.3% 3.4% 3.4% 11.8% 20.2% 28.5% 36.4% 38.6% 34.9% 34.95%
Net Income 5Y — — — — — — — — — — — — — — — — 57.6% 42.3% 34.4% 27.9% 27.88%
EBITDA 3Y — — — — — — — — 84.7% 49.8% 26.4% 8.4% 4.7% 4.1% 10.3% 17.6% 24.9% 32.9% 39.8% 37.1% 37.14%
EBITDA 5Y — — — — — — — — — — — — — — — — 56.8% 41.4% 35.3% 29.4% 29.43%
Gross Profit 3Y — — — — — — — — 61.5% 32.0% 11.7% -3.4% -6.3% -6.9% -2.7% 9.8% 22.0% 37.0% 42.5% 39.7% 39.70%
Gross Profit 5Y — — — — — — — — — — — — — — — — 50.6% 39.6% 30.4% 22.5% 22.49%
Op. Income 3Y — — — — — — — — 83.7% 48.4% 24.7% 6.5% 2.8% 3.1% 8.9% 18.3% 25.9% 33.4% 38.2% 34.7% 34.71%
Op. Income 5Y — — — — — — — — — — — — — — — — 57.7% 41.8% 34.2% 27.7% 27.73%
FCF 3Y — — — — — — — — 61.3% 45.6% 24.1% 9.4% 15.7% 12.6% 13.7% 14.3% 17.5% 22.4% 31.7% 36.4% 36.38%
FCF 5Y — — — — — — — — — — — — — — — — 50.5% 39.2% 31.3% 31.6% 31.64%
OCF 3Y — — — — — — — — 61.7% 45.4% 25.1% 11.6% 18.2% 16.4% 20.0% 20.9% 24.7% 29.4% 36.1% 39.1% 39.14%
OCF 5Y — — — — — — — — — — — — — — — — 54.3% 42.4% 33.3% 32.9% 32.85%
Assets 3Y — — — — — — — — 22.4% 22.1% 20.7% 24.1% 29.9% 36.8% 35.4% 32.9% 32.9% 36.8% 44.2% 34.2% 34.19%
Assets 5Y — — — — — — — — — — — — — — — — 32.6% 32.8% 34.8% 38.0% 38.04%
Equity 3Y — — — — — — — — 47.5% 39.2% 35.1% 31.1% 29.3% 29.1% 35.1% 37.5% 37.0% 43.1% 42.7% 34.5% 34.45%
Book Value 3Y — — — — — — — — 47.6% 39.4% 35.4% 31.2% 29.5% 29.1% 35.3% 37.5% 37.1% 43.1% 42.8% 34.5% 34.51%
Dividend 3Y — — — — — — — — 12.4% 9.4% 7.7% 5.0% -5.2% -6.4% -3.1% 0.3% 14.3% 24.3% 28.1% 30.3% 30.27%
Growth Quality
Metric Trend 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 Q2'26 Current
Revenue Stability — — — — 0.78 0.81 0.97 0.86 0.89 0.92 0.97 0.92 0.66 0.60 0.92 0.92 0.91 0.82 0.77 0.74 0.739
Earnings Stability — — — — 0.83 0.80 1.00 0.88 0.89 0.92 1.00 0.48 0.60 0.59 0.92 0.72 0.76 0.71 0.70 0.69 0.693
Margin Stability — — — — 1.00 0.95 0.89 0.84 0.83 0.83 0.81 0.78 0.75 0.76 0.76 0.79 0.78 0.79 0.79 0.82 0.822
Rev. Growth Consistency 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 1.00 1.00 0.50 0.50 1.00 1.00 1.000
Earn. Growth Consistency 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.000
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — — — 0.96 0.98 0.91 0.88 0.87 0.83 0.93 0.94 0.91 0.90 1.00 0.50 0.50 0.50 0.50 0.50 0.500
Earnings Smoothness 0.00 0.25 0.70 0.93 0.91 0.96 0.81 0.74 0.72 0.65 0.85 0.85 0.74 0.71 0.99 0.57 0.29 0.18 0.21 0.41 0.410
ROE Trend — — — — 0.09 -0.05 -0.31 -0.54 -0.31 -0.14 -0.23 -0.30 -0.41 -0.56 -0.40 -0.17 -0.02 0.06 0.13 0.23 0.226
Gross Margin Trend — — — — -0.00 -0.09 -0.17 -0.25 -0.31 -0.27 -0.25 -0.25 -0.23 -0.20 -0.16 0.02 0.16 0.25 0.26 0.14 0.143
FCF Margin Trend — — — — 0.12 0.13 0.09 0.02 -0.15 -0.09 -0.03 -0.12 0.01 -0.03 -0.11 -0.03 0.00 -0.04 0.04 0.10 0.100
Sustainable Growth Rate 47.0% 42.3% 31.8% 39.7% 41.3% 26.5% 38.8% 43.4% 29.6% 40.6% 26.5% 3.2% 9.8% 15.6% 28.1% 47.9% 54.0% 52.3% 52.4% 37.2% 37.17%
Internal Growth Rate 28.2% 28.7% 18.5% 26.4% 27.9% 17.3% 28.2% 31.7% 21.4% 30.5% 18.6% 2.0% 6.2% 9.7% 19.0% 39.9% 42.8% 41.6% 41.2% 27.4% 27.44%
Cash Flow Quality
Metric Trend 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 Q2'26 Current
OCF/Net Income 0.90 0.91 0.89 1.06 1.16 1.18 1.09 1.02 0.82 0.94 1.10 1.07 1.34 1.30 1.10 1.08 1.06 1.01 1.04 1.11 1.114
FCF/OCF 0.95 0.97 0.97 0.97 0.98 0.97 0.96 0.95 0.92 0.92 0.92 0.89 0.90 0.88 0.82 0.83 0.82 0.82 0.87 0.90 0.899
FCF/Net Income snapshot only 1.002
OCF/EBITDA snapshot only 0.880
CapEx/Revenue 2.1% 1.5% 1.4% 1.4% 1.3% 1.7% 2.2% 2.4% 3.3% 3.5% 4.2% 5.2% 5.9% 6.8% 8.7% 9.2% 9.8% 9.0% 7.1% 5.9% 5.86%
CapEx/Depreciation snapshot only 1.865
Accruals Ratio 0.11 0.10 0.11 -0.06 -0.15 -0.17 -0.09 -0.01 0.17 0.06 -0.09 -0.04 -0.21 -0.18 -0.06 -0.06 -0.05 -0.01 -0.03 -0.10 -0.103
Sloan Accruals snapshot only -0.020
Cash Flow Adequacy snapshot only 1.277
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend 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 Q2'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 4.26%
Dividend/Share $5.14 $5.31 $5.34 $5.32 $5.30 $5.77 $5.92 $6.34 $7.51 $7.51 $7.39 $7.36 $6.42 $6.17 $6.70 $7.43 $9.54 $11.82 $13.96 $16.38 $8.94
Payout Ratio 80.5% 80.8% 84.0% 78.5% 76.1% 84.2% 77.1% 72.4% 81.7% 77.1% 82.1% 97.1% 90.5% 84.8% 75.1% 63.2% 64.6% 68.1% 68.2% 76.0% 76.03%
FCF Payout Ratio 93.7% 91.4% 97.7% 76.0% 67.0% 73.3% 73.3% 74.6% 1.1% 88.3% 81.2% 1.0% 75.3% 74.3% 83.1% 71.1% 74.1% 81.9% 75.6% 75.9% 75.88%
Total Payout Ratio 84.6% 84.8% 87.1% 81.4% 77.3% 85.3% 77.1% 73.1% 82.1% 82.4% 87.7% 1.0% 97.1% 84.9% 75.1% 63.3% 65.1% 68.5% 68.6% 77.0% 77.01%
Div. Increase Streak 1 1 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend 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 Q2'26 Current
Tax Burden (NI/EBT) 0.84 0.84 0.84 0.86 0.87 0.87 0.88 0.87 0.86 0.86 0.85 0.84 0.85 0.86 0.86 0.87 0.86 0.86 0.86 0.85 0.853
Interest Burden (EBT/EBIT) 1.01 1.02 0.97 0.97 0.98 0.96 1.00 0.99 0.98 0.98 0.97 0.98 0.98 1.01 1.01 1.05 1.05 1.04 0.99 0.97 0.972
EBIT Margin 0.61 0.61 0.62 0.63 0.64 0.62 0.61 0.62 0.59 0.59 0.56 0.52 0.50 0.49 0.52 0.54 0.57 0.56 0.62 0.63 0.629
Asset Turnover 2.20 2.23 1.93 1.84 1.68 1.79 1.79 1.64 1.92 2.05 1.87 1.54 1.46 1.37 1.43 1.58 1.65 1.83 1.74 1.72 1.723
Equity Multiplier 2.14 1.90 2.04 1.90 1.89 1.80 1.76 1.81 1.68 1.74 1.69 1.69 1.68 1.76 1.76 1.68 1.80 1.78 1.80 1.73 1.726
Per Share
Metric Trend 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 Q2'26 Current
EPS (Diluted TTM) $6.38 $6.57 $6.36 $6.78 $6.96 $6.85 $7.69 $8.75 $9.20 $9.75 $9.01 $7.58 $7.09 $7.27 $8.92 $11.76 $14.78 $17.36 $20.47 $21.54 $21.54
Book Value/Share $3.24 $3.59 $3.68 $4.36 $4.82 $4.59 $5.43 $6.77 $6.57 $6.42 $6.71 $6.74 $7.02 $7.73 $9.10 $11.32 $12.41 $13.46 $15.81 $16.48 $16.60
Tangible Book/Share $3.22 $3.58 $3.65 $4.04 $4.64 $4.41 $5.24 $6.45 $6.02 $5.84 $6.02 $5.96 $6.11 $6.71 $8.06 $9.79 $10.90 $11.84 $8.47 $9.13 $9.13
Revenue/Share $12.43 $12.61 $12.59 $12.88 $12.84 $13.16 $14.35 $16.40 $18.40 $19.57 $19.24 $17.57 $16.81 $17.11 $19.89 $23.86 $28.77 $34.45 $38.83 $41.31 $21.63
FCF/Share $5.48 $5.80 $5.46 $7.00 $7.91 $7.87 $8.08 $8.50 $6.97 $8.51 $9.10 $7.17 $8.53 $8.30 $8.06 $10.45 $12.87 $14.43 $18.47 $21.59 $12.55
OCF/Share $5.74 $5.99 $5.64 $7.18 $8.08 $8.09 $8.40 $8.90 $7.59 $9.20 $9.91 $8.08 $9.52 $9.46 $9.78 $12.65 $15.69 $17.52 $21.21 $24.01 $13.42
Cash/Share $2.21 $2.29 $2.69 $3.38 $4.65 $4.19 $4.54 $5.35 $3.81 $4.42 $5.51 $4.54 $5.75 $6.83 $7.24 $8.17 $9.25 $9.70 $9.32 $10.26 $10.30
EBITDA/Share $7.70 $7.83 $8.02 $8.31 $8.60 $8.55 $9.15 $10.56 $11.14 $11.91 $11.22 $9.58 $8.88 $8.85 $10.81 $13.49 $16.78 $20.07 $25.04 $27.27 $27.27
Debt/Share $0.03 $0.02 $0.02 $0.08 $0.07 $0.06 $0.06 $0.17 $0.16 $0.13 $0.12 $0.11 $0.11 $0.23 $0.23 $0.41 $0.39 $0.42 $3.46 $2.81 $2.81
Net Debt/Share $-2.18 $-2.26 $-2.67 $-3.30 $-4.59 $-4.13 $-4.48 $-5.17 $-3.65 $-4.28 $-5.39 $-4.43 $-5.64 $-6.59 $-7.02 $-7.77 $-8.86 $-9.28 $-5.86 $-7.44 $-7.44
Academic Models
Metric Trend 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 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 8 7 8 6 3 4 5 6 5 5 7 7 5 4 4 5 7 7 7 5 5
Beneish M-Score -2.02 -2.34 -1.75 -2.18 -2.80 -2.35 -2.17 -1.95 -0.61 -1.68 -2.54 -2.42 -2.99 -2.80 -2.22 -2.57 -2.39 -2.14 -0.91 -1.25 -1.248
Ohlson O-Score snapshot only -13.196
ROIC (Greenblatt) snapshot only 2.41%
Net-Net WC snapshot only $6.73
EVA snapshot only $758139314.09
Credit
Metric Trend 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 Q2'26 Current
Credit Rating snapshot only AA-
Credit Score 80.25 80.25 80.25 80.25 80.25 80.25 80.25 82.75 82.75 82.75 82.75 82.75 82.75 82.75 82.75 80.25 80.25 80.25 79.25 82.75 82.750
Credit Grade snapshot only 4
Credit Trend snapshot only 2.500
Implied Spread (bps) snapshot only 100.000

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