Also trades as: CDMGF (OTC) · $vol 0M

€15.00 ($16.89)

-0.15 (-0.99%)

Weekly Expected Move ±3.1%

€14 €15 €15 €15 €16

PAR · Real Estate · REIT - Diversified · Tech Score Sell · Power 33 · €1.1B mcap · 45M float · 0.260% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

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

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

Financial Rating

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

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. ICAD.PA receives an overall rating of C. Strongest factors: P/B (5/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-02	C-	C
2026-10-01	C	C-
2026-04-07	None	ADDED
2026-04-07	EXISTED	None
2026-02-20	D+	C
2026-02-18	C	D+
2026-02-06	C-	C
2026-02-02	C	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.

★ ★ ★ ★ ★ 31 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. ICAD.PA scores highest in Value (58/100) and lowest in Safety (15/100). 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 Z-Score

0.65

Distress Zone

Piotroski F-Score

4/9

✗ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗

Beneish M-Score

10.72

Possible Manipulator

Ohlson O-Score

-7.35

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 43.2/100

Trend: Improving

Earnings Quality

—

OCF/NI: -2.08x

Accruals: -11.7%

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. ICAD.PA scores 0.65, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. 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. ICAD.PA 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. ICAD.PA's score of 10.72 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. ICAD.PA'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. ICAD.PA receives an estimated rating of BB (score: 43.2/100), with a improving trend.

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

-6.07x

PEG

0.17x

P/S

0.81x

P/B

0.32x

P/FCF

4.12x

P/OCF

1.87x

EV/EBITDA

19.67x

EV/Revenue

1.66x

EV/EBIT

23.49x

EV/FCF

13.20x

Earnings Yield

-25.71%

FCF Yield

24.28%

Shareholder Yield

46.13%

Graham Number

—

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. ICAD.PA currently has negative earnings — the P/E ratio is not meaningful.

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

0.969

NI / EBT

Interest Burden

-1.946

EBT / EBIT

EBIT Margin

0.071

EBIT / Rev

Asset Turnover

0.284

Rev / Assets

Equity Multiplier

2.468

Assets / Equity

ROE

-9.3%

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. ICAD.PA's ROE of -9.3% is driven by Asset Turnover (0.284), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.97 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

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

—

Price/Value

—

Margin of Safety

—

Premium

—

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

$15.00

Median 1Y

$12.43

5th Pctile

$7.17

95th Pctile

$21.58

Ann. Volatility

32.6%

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	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	-3.8%	0.1%	6.0%	7.0%	9.7%	9.7%	8.5%	8.6%	3.0%	10.0%	8.6%	15.9%	7.0%	-1.9%	-18.2%	-28.4%	-25.6%	-23.6%	-9.0%	-9.3%	-9.34%
ROA	-1.4%	0.0%	2.0%	2.0%	3.0%	2.7%	2.3%	2.1%	1.0%	2.3%	2.8%	5.0%	2.6%	-0.6%	-7.3%	-11.0%	-9.7%	-8.2%	-3.8%	-3.8%	-3.79%
ROIC	-1.4%	2.4%	4.0%	4.0%	4.8%	4.7%	5.4%	5.4%	3.8%	6.2%	4.7%	6.3%	7.6%	8.3%	-0.5%	-5.8%	-7.6%	-7.9%	2.3%	6.2%	6.18%
ROCE	3.1%	3.1%	5.1%	5.4%	5.4%	5.3%	4.3%	4.2%	2.7%	4.6%	4.2%	4.6%	4.8%	5.9%	5.8%	5.2%	5.6%	6.0%	4.3%	2.4%	2.36%
Gross Margin	46.7%	50.3%	46.0%	52.3%	44.4%	28.6%	24.5%	26.4%	26.2%	27.1%	47.3%	46.4%	38.0%	27.6%	28.4%	37.4%	29.0%	35.5%	21.2%	25.4%	25.41%
Operating Margin	11.0%	11.7%	19.1%	14.5%	13.9%	9.8%	29.9%	14.3%	15.3%	17.5%	35.9%	36.2%	28.7%	18.1%	-95.2%	-31.9%	19.9%	21.8%	19.8%	13.9%	13.92%
Net Margin	3.7%	9.8%	10.4%	3.5%	13.0%	6.9%	8.7%	0.8%	2.3%	22.7%	25.5%	40.1%	-27.3%	-44.3%	-88.9%	-25.9%	-12.0%	-14.7%	-4.4%	-22.6%	-22.64%
EBITDA Margin	30.5%	33.1%	39.4%	38.3%	33.5%	34.7%	35.3%	41.2%	36.7%	39.4%	16.6%	19.2%	14.7%	19.9%	14.5%	9.3%	21.7%	22.1%	5.5%	-16.2%	-16.19%
FCF Margin	-32.3%	-30.5%	-30.7%	-29.5%	-15.0%	-17.0%	-17.8%	-14.3%	-10.0%	-9.1%	-12.2%	-20.9%	-20.2%	-18.2%	-6.0%	1.2%	8.0%	11.2%	12.9%	12.6%	12.57%
OCF Margin	17.8%	18.9%	17.7%	19.8%	20.4%	22.1%	22.0%	25.4%	34.3%	33.7%	37.9%	26.6%	23.2%	21.3%	17.6%	21.8%	24.0%	24.0%	28.0%	27.7%	27.73%
ROE 3Y Avg	snapshot only																				-11.75%
ROE 5Y Avg	snapshot only																				-3.81%
ROA 3Y Avg	snapshot only																				-4.92%
ROIC 3Y Avg	snapshot only																				-1.21%
ROIC Economic	snapshot only																				5.57%
Cash ROA	snapshot only																				8.71%
Cash ROIC	snapshot only																				11.50%
CROIC	snapshot only																				5.21%
NOPAT Margin	snapshot only																				14.90%
Pretax Margin	snapshot only																				-13.74%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				9.35%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	-14.71	513.13	12.81	12.42	7.18	9.78	12.86	9.16	16.76	10.53	6.26	2.64	4.05	-22.06	-1.69	-0.80	-1.02	-1.44	-4.19	-3.89	-6.073
P/S Ratio	0.72	0.81	0.86	0.86	0.68	0.87	1.08	0.74	0.82	0.96	0.85	0.61	0.51	0.51	0.50	0.37	0.45	0.55	0.59	0.52	0.815
P/B Ratio	0.61	0.75	0.80	0.90	0.73	1.01	1.13	0.82	0.38	1.04	0.40	0.30	0.28	0.32	0.36	0.29	0.33	0.42	0.43	0.41	0.318
P/FCF	-2.22	-2.64	-2.81	-2.90	-4.53	-5.09	-6.09	-5.19	-8.17	-10.63	-7.03	-2.90	-2.51	-2.80	-8.36	30.62	5.68	4.92	4.60	4.12	4.119
P/OCF	4.03	4.27	4.87	4.33	3.33	3.92	4.92	2.92	2.39	2.86	2.25	2.28	2.19	2.40	2.84	1.70	1.89	2.30	2.11	1.87	1.867
EV/EBITDA	4.99	5.36	7.43	7.60	6.43	7.33	8.32	7.74	8.20	8.15	9.46	9.65	11.08	10.63	8.71	9.64	9.50	10.58	12.57	19.67	19.666
EV/Revenue	2.29	2.43	2.65	2.69	2.32	2.67	2.94	2.77	3.01	3.09	3.12	2.69	2.42	1.85	1.47	1.42	1.57	1.78	1.84	1.66	1.659
EV/EBIT	26.10	29.50	17.49	18.00	15.58	18.33	21.60	21.18	22.50	20.25	15.03	12.38	11.70	8.83	9.39	10.66	10.50	11.65	14.03	23.49	23.489
EV/FCF	-7.08	-7.95	-8.64	-9.11	-15.47	-15.71	-16.56	-19.31	-30.14	-34.07	-25.61	-12.87	-12.00	-10.14	-24.60	117.21	19.61	15.82	14.31	13.20	13.200
Earnings Yield	-6.8%	0.2%	7.8%	8.1%	13.9%	10.2%	7.8%	10.9%	6.0%	9.5%	16.0%	37.8%	24.7%	-4.5%	-59.2%	-1.3%	-97.8%	-69.3%	-23.9%	-25.7%	-25.71%
FCF Yield	-45.0%	-37.8%	-35.5%	-34.5%	-22.1%	-19.6%	-16.4%	-19.3%	-12.2%	-9.4%	-14.2%	-34.4%	-39.8%	-35.7%	-12.0%	3.3%	17.6%	20.3%	21.8%	24.3%	24.28%
PEG Ratio	snapshot only																				0.168
Price/Tangible Book	snapshot only																				0.412
EV/OCF	snapshot only																				5.983
EV/Gross Profit	snapshot only																				6.013
Acquirers Multiple	snapshot only																				8.798
Shareholder Yield	snapshot only																				46.13%

Leverage & Solvency

Metric	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	0.87	0.76	0.81	0.73	0.90	0.98	1.17	0.92	0.93	1.07	0.86	0.93	1.12	2.00	2.49	2.04	1.84	1.06	1.33	2.72	2.720
Quick Ratio	0.57	0.50	0.61	0.54	0.71	0.79	0.89	0.72	0.73	0.85	0.60	0.65	0.80	1.81	2.09	1.69	1.55	0.81	1.33	2.72	2.720
Debt/Equity	1.41	1.56	1.78	2.05	1.95	2.33	2.18	2.54	1.19	2.60	1.14	1.16	1.22	0.94	1.03	1.07	1.10	1.21	1.13	1.12	1.121
Net Debt/Equity	1.33	1.50	1.66	1.93	1.75	2.11	1.94	2.23	1.01	2.30	1.05	1.02	1.05	0.83	0.70	0.81	0.81	0.93	0.91	0.90	0.899
Debt/Assets	0.48	0.50	0.53	0.55	0.53	0.56	0.55	0.58	0.45	0.60	0.44	0.43	0.44	0.31	0.44	0.44	0.45	0.46	0.46	0.45	0.447
Debt/EBITDA	3.63	3.73	5.39	5.49	5.06	5.47	5.92	6.46	7.06	6.36	7.51	8.52	10.12	8.77	8.40	9.40	9.12	9.40	10.61	16.88	16.879
Net Debt/EBITDA	3.42	3.57	5.01	5.18	4.55	4.96	5.26	5.66	5.97	5.61	6.87	7.47	8.75	7.69	5.75	7.13	6.75	7.29	8.53	13.53	13.529
Interest Coverage	1.25	1.20	4.70	4.83	—	8.87	4.08	2.50	1.74	2.09	2.88	3.28	3.42	3.36	2.47	2.60	4.09	7.96	8.25	2.31	2.307
Equity Multiplier	2.92	3.11	3.37	3.70	3.69	4.16	3.95	4.35	2.66	4.35	2.62	2.68	2.77	3.03	2.33	2.44	2.43	2.60	2.47	2.51	2.506
Cash Ratio	snapshot only																				1.470
Debt Service Coverage	snapshot only																				2.755
Cash to Debt	snapshot only																				0.198
FCF to Debt	snapshot only																				0.088
Defensive Interval	snapshot only																				814.5 days

Efficiency & Turnover

Metric	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	0.29	0.30	0.29	0.29	0.31	0.30	0.28	0.26	0.21	0.26	0.21	0.22	0.20	0.24	0.25	0.24	0.22	0.22	0.27	0.28	0.284
Inventory Turnover	3.10	3.05	3.64	3.59	3.64	3.54	4.04	4.46	4.55	4.65	3.64	3.50	3.36	3.08	3.51	3.27	3.03	2.58	5.28	5.85	5.855
Receivables Turnover	5.77	6.20	6.12	7.69	8.57	8.63	8.90	9.18	11.28	9.54	17.70	13.17	20.88	14.71	22.84	12.65	18.66	19.52	19.15	9.63	9.631
Payables Turnover	6.03	3.96	3.68	4.02	4.77	3.90	6.94	4.44	3.71	4.37	6.90	4.10	3.66	3.48	3.85	3.77	3.25	2.82	2.88	3.11	3.109
DSO	63	59	60	47	43	42	41	40	32	38	21	28	17	25	16	29	20	19	19	38	37.9 days
DIO	118	120	100	102	100	103	90	82	80	78	100	104	109	119	104	112	120	142	69	62	62.3 days
DPO	61	92	99	91	76	93	53	82	98	83	53	89	100	105	95	97	112	129	127	117	117.4 days
Cash Conversion Cycle	120	86	61	58	66	52	79	39	14	33	68	43	26	38	25	43	28	31	-38	-17	-17.2 days
Fixed Asset Turnover	snapshot only																				117.158
Operating Cycle	snapshot only																				100.2 days
Cash Velocity	snapshot only																				3.538
Capital Intensity	snapshot only																				3.182

Growth (YoY)

Metric	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	-8.9%	-8.1%	-1.3%	6.9%	16.6%	11.3%	5.9%	-3.4%	-12.6%	-6.1%	-5.8%	7.0%	21.8%	14.7%	16.4%	2.4%	-13.2%	-16.7%	-22.1%	-18.3%	-18.26%
Net Income	-1.5%	-97.1%	6.9%	12.9%	3.3%	61.6%	32.1%	13.8%	-54.9%	-2.7%	53.0%	2.0%	2.1%	-1.3%	-3.5%	-3.1%	-4.1%	-12.8%	62.7%	76.6%	76.60%
EPS	-1.5%	-97.1%	6.9%	12.9%	3.2%	61.6%	32.0%	13.9%	-54.8%	-3.2%	49.5%	1.9%	2.1%	-1.3%	-3.5%	-3.1%	-4.1%	-12.7%	62.7%	76.6%	76.62%
FCF	-1.5%	-2.0%	-81.3%	-1.5%	45.9%	38.0%	38.7%	53.0%	41.6%	49.9%	35.5%	-55.6%	-1.5%	-1.3%	42.9%	1.1%	1.3%	1.5%	2.7%	7.5%	7.47%
EBITDA	21.9%	20.1%	-24.0%	-22.4%	-8.3%	-10.6%	5.1%	-2.3%	-10.8%	-2.2%	-12.3%	-16.7%	-27.5%	-47.4%	-40.4%	-45.8%	-34.5%	-19.6%	-32.2%	-53.2%	-53.20%
Op. Income	-20.3%	-20.6%	-3.6%	0.4%	25.4%	23.1%	27.7%	18.9%	5.8%	26.6%	15.4%	62.0%	1.0%	74.5%	-1.1%	-1.7%	-1.7%	-1.7%	4.8%	1.9%	1.89%
OCF Growth	snapshot only																				4.08%
Asset Growth	snapshot only																				-17.33%
Equity Growth	snapshot only																				-19.57%
Debt Growth	snapshot only																				-15.94%
Shares Change	snapshot only																				0.07%
Dividend Growth	snapshot only																				-2.28%

Growth (CAGR)

Metric	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	-0.2%	0.6%	2.1%	3.2%	4.4%	4.8%	3.5%	1.6%	-2.4%	-1.3%	-0.5%	3.4%	7.5%	6.2%	5.1%	1.9%	-2.6%	-3.6%	-5.1%	-3.6%	-3.63%
Revenue 5Y	3.1%	2.3%	2.0%	1.8%	1.8%	1.3%	1.1%	0.7%	0.2%	1.3%	1.2%	2.6%	3.9%	4.4%	4.0%	2.8%	-0.4%	-1.7%	-2.2%	-1.6%	-1.55%
EPS 3Y	—	-87.1%	-51.8%	-40.0%	15.8%	13.0%	13.7%	19.5%	-19.6%	20.8%	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	-59.5%	-12.3%	-13.5%	-9.6%	-20.2%	-26.4%	-33.0%	-43.6%	-33.5%	-26.1%	-6.2%	16.6%	—	—	—	—	—	—	—	—
Net Income 3Y	—	-85.5%	-45.7%	-32.4%	30.5%	27.3%	15.8%	19.6%	-19.5%	21.2%	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	-55.7%	-4.1%	-5.9%	-1.7%	-13.2%	-20.0%	-27.8%	-39.3%	-28.5%	-20.2%	1.2%	25.7%	—	—	—	—	—	—	—	—
EBITDA 3Y	-15.9%	-13.0%	-15.9%	-6.3%	11.7%	11.4%	8.1%	6.5%	-0.1%	1.7%	-11.2%	-14.2%	-16.0%	-22.8%	-18.1%	-23.9%	-24.9%	-25.5%	-29.2%	-40.5%	-40.45%
EBITDA 5Y	15.6%	13.5%	6.9%	5.5%	5.0%	0.8%	-3.1%	-8.8%	-13.4%	-10.5%	-11.3%	-7.7%	-2.1%	-6.6%	-8.0%	-11.4%	-13.9%	-15.0%	-22.3%	-30.7%	-30.67%
Gross Profit 3Y	4.3%	3.4%	2.6%	15.1%	5.6%	2.4%	-3.7%	-11.3%	-19.2%	-18.8%	-12.3%	-5.0%	-0.4%	-1.3%	-5.6%	-10.4%	-16.4%	-12.8%	-11.7%	-8.3%	-8.32%
Gross Profit 5Y	-0.2%	3.3%	7.4%	35.1%	—	—	—	1.0%	-9.4%	-9.6%	-6.6%	3.6%	0.7%	1.2%	-1.7%	-4.6%	-8.4%	-8.8%	-10.3%	-11.7%	-11.70%
Op. Income 3Y	-41.5%	-39.7%	-34.3%	-23.9%	4.9%	4.3%	8.0%	6.1%	1.9%	7.3%	12.4%	24.6%	38.5%	39.6%	—	—	—	—	-28.1%	-1.1%	-1.06%
Op. Income 5Y	-3.8%	-6.6%	-6.2%	-7.5%	-7.4%	-12.3%	-12.7%	-18.6%	-23.3%	-19.3%	-16.0%	-3.2%	19.6%	20.2%	—	—	—	—	-14.5%	2.9%	2.94%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	26.1%	27.7%	25.0%	30.2%	32.3%	46.9%	42.9%	41.8%	15.8%	13.3%	14.2%	2.3%	17.4%	10.6%	4.8%	5.2%	2.9%	-0.8%	2.9%	-0.8%	-0.82%
OCF 5Y	22.9%	19.8%	15.2%	30.5%	59.2%	52.0%	45.1%	33.8%	31.5%	31.2%	33.0%	25.1%	23.0%	27.0%	20.7%	21.7%	2.9%	-0.2%	-0.0%	-1.3%	-1.35%
Assets 3Y	12.0%	14.1%	15.8%	17.1%	14.6%	16.3%	6.8%	6.4%	19.0%	8.6%	19.9%	18.9%	22.0%	20.4%	0.9%	-1.7%	-3.6%	-5.0%	-8.6%	-10.4%	-10.38%
Assets 5Y	17.4%	49.5%	16.0%	49.2%	13.8%	51.2%	15.9%	10.6%	19.2%	13.2%	19.3%	20.9%	18.5%	18.4%	2.4%	1.0%	0.6%	0.6%	-1.3%	-3.8%	-3.85%
Equity 3Y	6.6%	5.2%	7.0%	4.8%	6.3%	3.6%	-8.7%	-10.0%	16.9%	-8.1%	23.2%	26.9%	24.2%	21.4%	14.1%	13.0%	10.7%	11.1%	7.0%	7.7%	7.70%
Book Value 3Y	-5.7%	-6.6%	-5.1%	-7.0%	-5.7%	-8.1%	-10.4%	-10.1%	16.8%	-8.4%	22.1%	25.7%	23.2%	20.4%	13.2%	12.1%	9.9%	10.2%	6.1%	6.8%	6.83%
Dividend 3Y	-6.1%	-9.9%	-9.9%	-8.0%	-8.0%	-15.8%	2.9%	-5.6%	1.1%	10.5%	-10.0%	-3.9%	-7.6%	-11.0%	8.6%	11.4%	9.8%	12.4%	1.5%	-1.5%	-1.55%

Growth Quality

Metric	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	0.59	0.59	0.88	0.59	0.12	0.14	0.33	0.45	0.07	0.26	0.47	0.79	0.39	0.73	0.63	0.84	0.01	0.03	0.02	0.00	0.000
Earnings Stability	0.10	0.15	0.18	0.29	0.21	0.33	0.45	0.57	0.39	0.32	0.19	0.02	0.18	0.03	0.22	0.18	0.28	0.45	0.28	0.20	0.195
Margin Stability	0.88	0.97	0.90	0.59	0.26	0.33	0.39	0.79	0.78	0.78	0.83	0.81	0.77	0.78	0.82	0.80	0.75	0.77	0.82	0.79	0.787
Rev. Growth Consistency	0.00	0.00	0.00	1.00	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0
Earnings Persistence	0.20	0.50	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.99	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.500
Earnings Smoothness	—	0.00	—	—	—	0.00	0.72	0.87	0.24	0.97	0.58	0.00	0.00	—	—	—	—	—	—	—	—
ROE Trend	-0.10	-0.05	0.05	0.06	0.09	0.08	0.06	0.06	-0.01	0.05	-0.01	0.03	0.01	-0.12	-0.29	-0.46	-0.37	-0.33	-0.03	0.02	0.019
Gross Margin Trend	0.04	0.03	0.02	0.01	-0.00	-0.05	-0.10	-0.16	-0.23	-0.21	-0.11	-0.03	0.03	0.05	0.00	-0.01	-0.03	-0.01	-0.03	-0.07	-0.074
FCF Margin Trend	-0.12	-0.13	-0.13	-0.14	0.07	0.03	0.06	0.07	0.14	0.15	0.12	0.01	-0.08	-0.05	0.09	0.19	0.23	0.25	0.22	0.22	0.224
Sustainable Growth Rate	—	-16.3%	-10.4%	-12.1%	-8.8%	-6.4%	-11.7%	-8.9%	-10.2%	-13.1%	-1.4%	6.1%	-0.9%	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	2.0%	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	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	-3.65	120.04	2.63	2.87	2.16	2.49	2.62	3.14	7.03	3.68	2.78	1.16	1.85	-9.20	-0.60	-0.47	-0.54	-0.63	-1.98	-2.08	-2.083
FCF/OCF	-1.81	-1.62	-1.73	-1.49	-0.73	-0.77	-0.81	-0.56	-0.29	-0.27	-0.32	-0.78	-0.87	-0.86	-0.34	0.06	0.33	0.47	0.46	0.45	0.453
FCF/Net Income	snapshot only																				-0.944
OCF/EBITDA	snapshot only																				3.287
CapEx/Revenue	50.1%	49.4%	48.4%	49.3%	35.4%	39.1%	39.7%	39.8%	44.3%	42.8%	50.1%	47.4%	43.4%	39.5%	23.5%	20.6%	16.0%	11.4%	13.7%	13.7%	13.69%
CapEx/Depreciation	snapshot only																				9.974
Accruals Ratio	-0.07	-0.06	-0.03	-0.04	-0.03	-0.04	-0.04	-0.05	-0.06	-0.06	-0.05	-0.01	-0.02	-0.06	-0.12	-0.16	-0.15	-0.13	-0.11	-0.12	-0.117
Sloan Accruals	snapshot only																				-0.119
Cash Flow Adequacy	snapshot only																				0.749

Dividends & Buybacks

Metric	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	26.3%	23.7%	21.2%	22.1%	26.6%	16.9%	18.4%	22.2%	26.2%	22.0%	18.5%	23.3%	27.9%	26.2%	35.8%	52.5%	48.6%	42.4%	41.5%	45.0%	12.80%
Dividend/Share	$7.45	$7.72	$7.72	$8.29	$8.27	$6.59	$8.89	$7.00	$8.60	$8.91	$6.50	$6.24	$6.79	$6.32	$8.52	$8.85	$9.17	$9.19	$9.13	$8.65	$1.92
Payout Ratio	—	121.5%	2.7%	2.7%	1.9%	1.7%	2.4%	2.0%	4.4%	2.3%	1.2%	61.5%	1.1%	—	—	—	—	—	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	16.1%	2.8%	2.1%	1.9%	1.9%	1.85%
Total Payout Ratio	—	122.2%	2.7%	2.8%	2.0%	1.7%	2.5%	2.1%	4.4%	2.3%	1.2%	61.7%	1.1%	—	—	—	—	—	—	—	—
Div. Increase Streak	1	0	1	0	1	0	1	0	1	0	0	0	0	0	0	0	0	0	1	0	0
Chowder Number	0.46	0.28	0.26	0.33	0.38	0.02	0.34	0.07	0.30	0.58	-0.07	0.15	0.09	-0.02	0.67	0.94	0.84	0.88	0.49	0.43	0.428
Buyback Yield	0.0%	0.1%	0.1%	0.2%	0.8%	0.9%	0.6%	0.9%	0.3%	0.1%	0.0%	0.1%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	1.0%	1.1%	1.10%
Net Buyback Yield	-1.3%	-18.6%	-16.5%	-43.7%	-51.2%	-27.8%	-21.1%	0.9%	-0.0%	-2.0%	-0.4%	-0.7%	-0.7%	-0.8%	-0.8%	-0.7%	-0.3%	0.0%	0.9%	1.0%	1.02%
Total Shareholder Return	25.0%	5.1%	4.7%	-21.7%	-24.6%	-10.8%	-2.7%	23.1%	26.2%	20.0%	18.1%	22.6%	27.3%	25.4%	35.0%	51.8%	48.3%	42.4%	42.5%	46.1%	46.05%

DuPont Factors

Metric	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)	-47.47	0.03	0.71	0.72	0.78	0.77	0.94	0.94	0.94	0.95	0.58	0.65	0.51	-0.47	0.97	0.89	0.83	0.89	0.88	0.97	0.969
Interest Burden (EBT/EBIT)	0.01	0.55	0.63	0.64	0.82	0.79	0.66	0.66	0.39	0.64	1.14	1.62	1.19	0.24	-1.95	-3.94	-3.58	-2.83	-1.22	-1.95	-1.946
EBIT Margin	0.09	0.08	0.15	0.15	0.15	0.15	0.14	0.13	0.13	0.15	0.21	0.22	0.21	0.21	0.16	0.13	0.15	0.15	0.13	0.07	0.071
Asset Turnover	0.29	0.30	0.29	0.29	0.31	0.30	0.28	0.26	0.21	0.26	0.21	0.22	0.20	0.24	0.25	0.24	0.22	0.22	0.27	0.28	0.284
Equity Multiplier	2.71	2.86	3.10	3.47	3.29	3.60	3.65	4.01	3.00	4.26	3.05	3.17	2.71	3.47	2.49	2.58	2.63	2.86	2.39	2.47	2.468

Per Share

Metric	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)	$-1.93	$0.06	$2.84	$3.03	$4.33	$3.97	$3.75	$3.45	$1.96	$3.85	$5.60	$10.15	$6.00	$-1.09	$-14.10	$-21.11	$-18.45	$-15.03	$-5.25	$-4.94	$-4.94
Book Value/Share	$46.52	$43.65	$45.33	$41.56	$42.92	$38.39	$42.82	$38.64	$87.36	$38.85	$88.76	$90.14	$87.04	$76.26	$65.80	$58.60	$57.05	$51.39	$51.07	$47.10	$47.16
Tangible Book/Share	$45.81	$42.93	$44.59	$40.84	$42.17	$36.99	$41.33	$37.14	$85.84	$37.35	$87.27	$88.34	$85.20	$74.89	$65.38	$58.20	$56.59	$50.97	$50.61	$46.61	$46.61
Revenue/Share	$39.52	$40.38	$42.13	$43.91	$45.84	$44.92	$44.59	$42.46	$40.19	$41.99	$41.05	$44.31	$47.87	$47.26	$47.75	$45.40	$41.52	$39.29	$37.15	$37.08	$18.41
FCF/Share	$-12.77	$-12.33	$-12.91	$-12.95	$-6.87	$-7.64	$-7.92	$-6.09	$-4.02	$-3.81	$-4.99	$-9.24	$-9.67	$-8.62	$-2.85	$0.55	$3.32	$4.41	$4.79	$4.66	$0.83
OCF/Share	$7.05	$7.63	$7.47	$8.68	$9.35	$9.91	$9.80	$10.80	$13.77	$14.15	$15.57	$11.78	$11.12	$10.06	$8.39	$9.89	$9.98	$9.44	$10.40	$10.28	$4.52
Cash/Share	$3.69	$2.80	$5.68	$4.80	$8.55	$8.36	$10.37	$12.09	$16.08	$11.92	$8.66	$12.86	$14.33	$8.81	$21.39	$15.21	$16.28	$13.92	$11.31	$10.48	$10.48
EBITDA/Share	$18.11	$18.31	$15.00	$15.53	$16.52	$16.36	$15.76	$15.18	$14.78	$15.92	$13.51	$12.33	$10.47	$8.22	$8.05	$6.69	$6.85	$6.59	$5.45	$3.13	$3.13
Debt/Share	$65.66	$68.24	$80.87	$85.21	$83.64	$89.45	$93.33	$98.08	$104.37	$101.18	$101.44	$105.01	$106.00	$72.02	$67.67	$62.87	$62.49	$61.96	$57.81	$52.81	$52.81
Net Debt/Share	$61.97	$65.44	$75.18	$80.40	$75.09	$81.09	$82.96	$85.99	$88.28	$89.27	$92.78	$92.15	$91.67	$63.21	$46.28	$47.66	$46.21	$48.04	$46.50	$42.32	$42.32

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.650
Altman Z-Prime	snapshot only																				1.059
Piotroski F-Score	3	3	4	5	6	6	6	6	6	4	6	7	8	5	4	5	4	4	3	4	4
Beneish M-Score	-3.00	-2.49	-2.49	-2.52	-2.11	9.84	8.00	13.22	10.58	-1.53	-2.43	-3.21	-2.64	-3.19	-2.84	-4.20	-1.57	-2.81	-2.17	10.72	10.721
Ohlson O-Score	snapshot only																				-7.352
ROIC (Greenblatt)	snapshot only																				20.82%
Net-Net WC	snapshot only																				$-51.46
EVA	snapshot only																				$-259162000.00

Credit

Metric	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																				BB
Credit Score	22.41	18.14	27.41	24.65	39.42	35.02	29.36	22.34	22.59	25.28	25.49	28.70	34.15	43.34	38.50	40.63	46.35	47.34	50.12	43.20	43.201
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				2.570
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				49
Sector Credit Rank	snapshot only																				49

ICAD.PA PAR

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

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