— Know what they know.
Not Investment Advice

IMTX NASDAQ

Immatics N.V.
1W: -3.3% 1M: -14.6% 3M: -19.2% YTD: -30.5% 1Y: -28.7% 3Y: -16.7% 5Y: -45.2%
$7.26
+0.11 (+1.54%)
 
Weekly Expected Move ±8.8%
$6 $7 $7 $8 $9
NASDAQ · Healthcare · Biotechnology · Tech Score Sell · Power 34 · $1.1B mcap · 128M float · 0.510% daily turnover · Short 33% of daily vol
Credit Risk of going bust: lower than 82% of companies Debt: 1.5% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.00 (down 99.9%), Immatics N.V. would be worth roughly what it owes.
Total debt $16.2M against a stock market value of $1.09B.
Distance to default 10.11 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $3.0M (short-term plus half of long-term), stock volatility 57.4%; Altman Z'' 0.97. A ranking and a back-test, not a forecast.
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.

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
$15
Low
$16
Avg Target
$17
High
Based on 2 analysts since Aug 18, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 8Hold: 0Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$16.00
Analysts2
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-10-13 Stifel Nicolaus — Initiated $15 — +119.6% $6.83
2026-08-25 Jefferies — Initiated $17 — +84.4% $9.22
2026-02-19 Mizuho Securities Graig Suvannavejh $19 $25 +6 +151.3% $9.95
2025-12-04 Leerink Partners Jonathan Chang Initiated $17 — +67.7% $10.14
2025-10-29 Mizuho Securities Graig Suvannavejh $16 $19 +3 +83.4% $10.36
2025-09-17 Guggenheim Paul Jeng Initiated $16 — +165.3% $6.03
2024-05-16 Mizuho Securities Graig Suvannavejh Initiated $16 — +44.4% $11.08
2022-08-09 Chardan Capital Geulah Livshits Initiated $28 — +125.3% $12.43

Financial Rating

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

C
Oct 27, 2026
DCF
1
ROE
1
ROA
1
D/E
4
P/E
1
P/B
2
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. IMTX receives an overall rating of C. Strongest factors: D/E (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-22 C- C
2026-10-01 C C-
2026-04-28 C- C
2026-04-01 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.

★ ★ ★ ★ ★ — Grade D
Profitability
20
Balance Sheet
0
Earnings Quality
66
Growth
12
Value
—
Momentum
20
Safety
—
Cash Flow
30

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
2/9
✗ ✗ ✗ ✓ ✓ ✗ ✗ ✗ ✗
Beneish M-Score
-0.99
Possible Manipulator
Ohlson O-Score
-3.55
Bankruptcy prob: 2.8%
Low Risk
Credit Rating
BB+
Score: 49.4/100
Trend: Stable
Earnings Quality
—
OCF/NI: 1.00x
Accruals: -0.1%
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. IMTX scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. 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. IMTX's score of -0.99 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. IMTX's implied 2.8% 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. IMTX receives an estimated rating of BB+ (score: 49.4/100), with a stable 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
-4.10x
PEG
0.04x
P/S
23.40x
P/B
2.23x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
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. IMTX 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
0.999
NI / EBT
×
Interest Burden
1.004
EBT / EBIT
×
EBIT Margin
-4.937
EBIT / Rev
×
Asset Turnover
0.079
Rev / Assets
×
Equity Multiplier
1.219
Assets / Equity
=
ROE
-47.8%
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. IMTX's ROE of -47.8% is driven by Asset Turnover (0.079), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.00 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
$7.26
Median 1Y
$5.98
5th Pctile
$2.56
95th Pctile
$13.97
Ann. Volatility
54.2%
Analyst Target
$16.00
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
304
+18.3% YoY
Revenue / Employee
$158,770
Rev: $48,266,000
Profit / Employee
$-620,703
NI: $-188,693,765
SGA / Employee
$168,368
Avg labor cost proxy
R&D / Employee
$558,758
Innovation spend

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 Trend 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 -1.2% -1.4% 17.0% 27.5% 45.8% 31.6% -40.1% -43.1% -44.1% -42.2% -26.7% -24.3% -17.7% 3.8% -4.6% -17.3% -29.0% -37.1% -43.2% -47.8% -47.81%
ROA -39.5% -41.6% 6.9% 9.5% 12.3% 12.9% -19.2% -19.0% -20.1% -20.1% -15.6% -14.2% -11.0% 2.5% -3.3% -12.4% -21.2% -31.2% -36.2% -39.2% -39.24%
ROIC 54.4% 61.3% -4.6% -6.7% -7.3% -25.6% 38.8% 37.9% 50.7% 43.3% 53.7% 63.3% 57.8% 2.1% -4.3% -19.6% -50.6% -4.7% -9.7% -8.6% -8.58%
ROCE -1.1% -1.2% 8.3% 11.7% 15.9% 14.3% -22.4% -26.0% -25.4% -27.2% -15.5% -15.0% -10.5% 3.5% -2.9% -13.8% -26.0% -38.0% -43.9% -48.0% -48.04%
Gross Margin -2.3% -46.0% 75.6% -46.5% -89.7% 26.0% -1.8% -22.2% -4.1% -1.1% -5.5% 99.5% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.00%
Operating Margin -3.6% -1.0% 66.6% -96.8% -1.5% 23.2% -2.7% -64.0% -5.6% -1.7% -44.5% -1.4% 1.0% 1.6% -1.9% -11.2% -10.5% -2.0% -8.7% -7.3% -7.35%
Net Margin -4.2% -1.1% 83.2% -81.2% -1.4% -35.2% -1.5% -1.1% -4.5% -1.6% -10.1% -96.1% -17.0% 79.8% -2.1% -14.9% -9.7% -1.8% -7.6% -6.8% -6.83%
EBITDA Margin -3.9% -97.4% 85.0% -61.9% -1.2% 4.8% -1.8% -1.0% -4.1% -1.5% -34.6% -77.4% 1.8% 82.8% -2.0% -14.4% -9.1% -1.6% -7.2% -6.5% -6.51%
FCF Margin -3.0% -2.5% 29.0% 79.6% 65.9% 54.3% -52.8% -1.3% -1.5% -23.6% -35.8% -63.7% -38.7% -1.1% -1.2% -1.3% -2.2% -3.8% -5.1% -5.0% -5.03%
OCF Margin -2.8% -2.4% 33.8% 83.3% 69.6% 57.9% -41.0% -1.1% -1.2% 33.8% 12.5% -24.3% -17.7% -1.0% -1.1% -1.3% -2.1% -3.6% -4.9% -4.9% -4.95%
ROE 3Y Avg snapshot only -28.87%
ROE 5Y Avg snapshot only -19.67%
ROA 3Y Avg snapshot only -22.44%
ROIC 3Y Avg snapshot only -14.13%
ROIC Economic snapshot only -43.36%
Cash ROA snapshot only -42.48%
Cash ROIC snapshot only -9.88%
CROIC snapshot only -10.06%
NOPAT Margin snapshot only -4.30%
Pretax Margin snapshot only -4.96%
R&D / Revenue snapshot only 5.24%
SGA / Revenue snapshot only 1.31%
SBC / Revenue snapshot only 7.77%
Valuation
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — -4.102
P/S Ratio — — — — — — — — — — — — — — — — — — — — 23.400
P/B Ratio — — — — — — — — — — — — — — — — — — — — 2.231
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.043
Leverage & Solvency
Metric Trend 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 1.68 1.60 2.83 2.95 2.60 3.54 3.43 2.93 3.18 2.87 3.95 3.74 3.98 9.26 10.28 8.80 7.36 11.72 8.78 7.54 7.536
Quick Ratio 1.66 1.60 2.79 2.89 2.52 3.54 3.33 2.86 3.09 2.87 3.95 3.74 3.98 9.26 10.28 8.80 7.36 11.72 8.78 7.54 7.536
Debt/Equity 0.20 0.41 0.08 0.13 0.14 0.07 0.07 0.08 0.07 0.07 0.08 0.04 0.04 0.03 0.03 0.04 0.04 0.03 0.03 0.04 0.037
Net Debt/Equity -4.73 -5.62 -2.10 -2.46 -2.59 -1.63 -1.57 -1.52 -1.41 -1.82 -1.33 -1.33 -1.24 -1.02 -0.98 -0.99 -0.99 -0.94 -0.96 -0.95 -0.948
Debt/Assets 0.04 0.06 0.03 0.04 0.05 0.04 0.04 0.04 0.04 0.03 0.05 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.030
Debt/EBITDA -0.07 -0.11 0.43 0.45 0.38 0.24 -0.33 -0.30 -0.26 -0.17 -0.40 -0.24 -0.33 0.72 -4.10 -0.29 -0.15 -0.08 -0.07 -0.08 -0.075
Net Debt/EBITDA 1.78 1.55 -11.25 -8.51 -6.79 -5.77 7.00 5.82 5.55 4.62 6.51 6.98 9.83 -26.21 117.01 7.94 3.90 2.45 2.17 1.95 1.953
Interest Coverage -245.36 -163.91 25.30 34.57 40.10 5.20 -7.50 -9.12 -9.86 -115.86 -94.26 -84.05 -54.51 25.06 -17.88 -73.25 -124.10 -208.76 -235.91 -237.21 -237.207
Equity Multiplier 5.66 7.26 2.43 2.95 3.13 1.91 1.89 1.88 1.77 2.27 1.63 1.62 1.51 1.21 1.20 1.22 1.24 1.16 1.19 1.22 1.215
Cash Ratio snapshot only 6.907
Debt Service Coverage snapshot only -223.313
Cash to Debt snapshot only 26.931
FCF to Debt snapshot only -14.380
Defensive Interval snapshot only 543.6 days
Efficiency & Turnover
Metric Trend 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 0.12 0.16 0.50 0.49 0.55 0.59 0.24 0.22 0.19 0.12 0.14 0.14 0.23 0.26 0.22 0.22 0.15 0.08 0.06 0.08 0.079
Inventory Turnover 27.98 53.03 30.80 22.50 17.58 — 16.16 13.81 11.47 — 24.62 20.07 12.10 — — 0.00 — — — — —
Receivables Turnover 32.11 35.99 197.82 169.50 161.92 192.78 163.86 131.46 91.62 20.75 74.20 45.24 66.77 31.36 39.06 54.53 27.56 8.08 7.64 10.99 10.991
Payables Turnover 7.92 31.48 7.60 8.33 8.26 30.36 12.13 11.87 11.93 20.30 22.83 20.70 8.69 3.62 0.02 0.00 0.00 0.00 0.00 0.00 —
DSO 11 10 2 2 2 2 2 3 4 18 5 8 5 12 9 7 13 45 48 33 33.2 days
DIO 13 7 12 16 21 0 23 26 32 0 15 18 30 0 0 — — — — — —
DPO 46 12 48 44 44 12 30 31 31 18 16 18 42 101 22967 — — — — — —
Cash Conversion Cycle -22 5 -34 -25 -21 -10 -5 -2 5 -0 4 9 -6 -89 -22958 — — — — — —
Fixed Asset Turnover snapshot only 0.807
Cash Velocity snapshot only 0.106
Capital Intensity snapshot only 11.642
Growth (YoY)
Metric Trend 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 8.7% 11.2% 3.1% 3.8% 4.3% 4.0% -38.8% -40.4% -49.8% -68.8% -6.4% -16.3% 52.8% 1.9% 93.1% 83.2% -26.7% -69.1% -74.1% -68.0% -67.95%
Net Income 57.0% 61.0% 1.1% 1.1% 1.4% 1.4% -4.5% -3.7% -3.3% -3.5% -26.9% 0.3% 29.8% 1.2% 73.1% -0.2% -1.1% -13.9% -8.9% -1.8% -1.79%
EPS 57.0% 61.3% 1.1% 1.1% 1.3% 1.4% -3.9% -3.2% -2.8% -3.0% 1.5% 27.3% 46.9% 1.1% 78.2% 12.6% -88.4% -12.0% -8.0% -1.5% -1.49%
FCF -1.3% 6.1% 1.4% 2.0% 2.2% 2.1% -2.1% -2.0% -2.2% -1.1% 36.5% 60.1% 61.6% -12.7% -5.4% -2.9% -3.1% -4.3% -10.8% -20.2% -20.18%
EBITDA 54.1% 58.7% 1.1% 1.2% 1.5% 1.7% -3.1% -2.6% -2.5% -2.5% -81.6% -29.5% 23.3% 1.3% 94.5% 21.2% -1.2% -9.2% -44.1% -2.3% -2.34%
Op. Income -45.7% -23.8% 1.1% 1.1% 1.2% 1.4% -10.3% -5.2% -5.7% -3.6% -57.8% -87.4% -3.1% 61.9% 31.9% 13.9% -1.1% -3.7% -2.5% -1.6% -1.60%
OCF Growth snapshot only -24.66%
Asset Growth snapshot only -14.41%
Equity Growth snapshot only -14.02%
Debt Growth snapshot only -14.70%
Shares Change snapshot only 12.44%
Growth (CAGR)
Metric Trend 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 — 2.3% 2.1% 1.4% 1.2% 1.1% 53.9% 53.7% 42.5% 20.0% 33.2% 33.4% 59.6% 64.9% 3.4% -2.9% -17.5% -34.6% -22.4% -21.1% -21.08%
Revenue 5Y — — — — — — — — — 1.2% 74.8% 48.2% 50.4% 53.3% 45.8% 41.0% 26.5% 9.1% 3.4% 6.9% 6.87%
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 5Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 3Y — — — — — — — — — — — — — — 52.5% 39.7% 20.0% -9.9% — — —
Gross Profit 5Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 3Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 5Y — — — — — — — — — — — — — — — — — — — — —
FCF 3Y — — 1.0% — 29.3% 10.9% — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — 1.1% 7.3% 30.2% 12.2% — — — — — — — — — — — — — — —
OCF 5Y — — — — — — — — — 28.7% 13.7% — — — — — — — — — —
Assets 3Y — 41.8% 1.0% 1.2% 1.2% 44.8% 45.9% 56.1% 15.6% 26.0% 40.1% 42.5% 42.6% 58.6% 31.5% 15.5% 13.5% 11.3% 12.8% 5.8% 5.78%
Assets 5Y — — — — — — — — — 52.8% 81.1% 79.6% 76.6% 39.0% 39.4% 39.4% 12.9% 17.2% 18.0% 17.5% 17.53%
Equity 3Y — — — — — — — — 26.8% 29.2% 62.4% 71.8% 1.2% 1.9% 66.6% 54.9% 54.5% 31.4% 31.6% 22.3% 22.33%
Book Value 3Y — — — — — — — — 15.4% 17.1% 39.7% 44.4% 83.8% 1.4% 34.1% 25.7% 25.8% 7.1% 9.1% 1.2% 1.17%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend 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 0.87 0.93 0.78 0.73 0.68 0.69 0.50 0.48 0.36 0.36 0.44 0.35 0.50 0.43 0.47 0.32 0.17 0.02 0.12 0.13 0.132
Earnings Stability 0.13 0.33 0.02 0.00 0.12 0.00 0.01 0.00 0.06 0.00 0.01 0.00 0.06 0.18 0.08 0.03 0.12 0.03 0.00 0.00 0.004
Margin Stability 0.53 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 0.000
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.50 0.50 0.50 0.50 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence 0.50 0.50 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.50 0.50 0.50 0.20 0.50 1.00 0.50 0.20 0.50 0.50 0.500
Earnings Smoothness — — — — — — — — — — — — — — — — — — — — —
ROE Trend — — — — 2.56 3.13 0.90 1.15 0.88 1.36 -0.12 -0.13 -0.14 0.14 0.22 0.11 -0.04 -0.21 -0.35 -0.34 -0.342
Gross Margin Trend -1.04 -0.43 1.49 1.70 1.85 1.64 0.13 0.39 0.34 -0.63 -0.62 -0.36 0.52 1.20 1.51 1.33 1.03 1.20 0.83 0.68 0.675
FCF Margin Trend -3.84 -2.89 0.55 1.48 2.90 3.29 0.85 0.20 -0.35 0.75 -0.24 -0.37 0.05 -1.27 -0.74 -0.36 -1.21 -3.10 -4.28 -4.04 -4.045
Sustainable Growth Rate — — 17.0% 27.5% 45.8% 31.6% — — — — — — — 3.8% — — — — — — —
Internal Growth Rate — — 7.4% 10.5% 14.0% 14.8% — — — — — — — 2.6% — — — — — — —
Cash Flow Quality
Metric Trend 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 0.85 0.91 2.46 4.28 3.09 2.67 0.52 1.27 1.16 -0.20 -0.12 0.23 0.37 -10.40 7.40 2.24 1.52 0.89 0.86 1.00 0.999
FCF/OCF 1.07 1.07 0.86 0.96 0.95 0.94 1.29 1.21 1.26 -0.70 -2.86 2.62 2.19 1.11 1.07 1.06 1.04 1.04 1.02 1.02 1.018
FCF/Net Income snapshot only 1.016
CapEx/Revenue 18.7% 16.3% 4.8% 3.7% 3.6% 3.6% 11.8% 22.9% 32.0% 57.3% 48.0% 39.1% 20.8% 10.6% 7.2% 7.1% 8.9% 13.9% 11.7% 8.8% 8.82%
CapEx/Depreciation snapshot only 0.305
Accruals Ratio -0.06 -0.04 -0.10 -0.31 -0.26 -0.22 -0.09 0.05 0.03 -0.24 -0.17 -0.11 -0.07 0.29 0.21 0.15 0.11 -0.03 -0.05 -0.00 -0.001
Sloan Accruals snapshot only -0.165
Cash Flow Adequacy snapshot only -56.057
Dividends & Buybacks
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — 0.00%
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% — — — — — — —
FCF Payout Ratio — — 0.0% 0.0% 0.0% 0.0% — — — — — — — — — — — — — — —
Total Payout Ratio — — 0.0% 0.0% 0.0% 0.0% — — — — — — — 73.6% — — — — — — —
Div. Increase Streak — — — — — — — — — — — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend 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) 1.00 1.00 1.00 0.96 0.95 0.89 1.00 0.98 0.98 0.95 1.02 1.02 1.16 0.71 1.21 1.04 0.97 0.99 1.00 1.00 0.999
Interest Burden (EBT/EBIT) 0.97 0.96 1.13 0.97 0.98 0.98 1.02 1.01 1.01 1.01 1.01 1.01 1.02 0.96 1.06 1.01 1.01 1.00 1.00 1.00 1.004
EBIT Margin -3.46 -2.67 0.12 0.21 0.24 0.25 -0.78 -0.87 -1.06 -1.78 -1.05 -1.00 -0.41 0.14 -0.12 -0.54 -1.40 -4.09 -5.75 -4.94 -4.937
Asset Turnover 0.12 0.16 0.50 0.49 0.55 0.59 0.24 0.22 0.19 0.12 0.14 0.14 0.23 0.26 0.22 0.22 0.15 0.08 0.06 0.08 0.079
Equity Multiplier 3.07 3.35 2.48 2.90 3.73 2.46 2.09 2.27 2.19 2.09 1.72 1.71 1.61 1.51 1.38 1.40 1.37 1.19 1.19 1.22 1.219
Per Share
Metric Trend 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) $-1.51 $-1.41 $0.28 $0.43 $0.52 $0.55 $-0.83 $-0.96 $-0.95 $-1.09 $-0.81 $-0.70 $-0.51 $0.14 $-0.18 $-0.61 $-0.95 $-1.56 $-1.59 $-1.51 $-1.51
Book Value/Share $0.56 $0.38 $1.83 $1.92 $1.72 $3.13 $2.61 $2.82 $2.97 $2.66 $4.06 $3.66 $3.47 $5.38 $4.41 $3.82 $3.43 $3.84 $3.39 $2.92 $2.92
Tangible Book/Share $0.54 $0.36 $1.81 $1.90 $1.70 $3.10 $2.59 $2.80 $2.95 $2.64 $4.05 $3.64 $3.45 $5.37 $4.40 $3.81 $3.41 $3.83 $3.38 $2.91 $2.91
Revenue/Share $0.45 $0.55 $2.05 $2.19 $2.30 $2.53 $1.04 $1.10 $0.91 $0.64 $0.76 $0.67 $1.05 $1.46 $1.19 $1.07 $0.70 $0.38 $0.28 $0.31 $0.31
FCF/Share $-1.37 $-1.38 $0.60 $1.74 $1.52 $1.38 $-0.55 $-1.47 $-1.40 $-0.15 $-0.27 $-0.43 $-0.41 $-1.64 $-1.40 $-1.44 $-1.51 $-1.45 $-1.40 $-1.54 $-1.54
OCF/Share $-1.29 $-1.29 $0.69 $1.83 $1.60 $1.47 $-0.43 $-1.21 $-1.11 $0.22 $0.09 $-0.16 $-0.19 $-1.48 $-1.31 $-1.36 $-1.45 $-1.39 $-1.37 $-1.51 $-1.51
Cash/Share $2.75 $2.29 $3.99 $5.00 $4.71 $5.31 $4.30 $4.50 $4.39 $5.03 $5.72 $5.01 $4.45 $5.66 $4.47 $3.93 $3.54 $3.72 $3.37 $2.88 $2.88
EBITDA/Share $-1.49 $-1.38 $0.34 $0.56 $0.66 $0.88 $-0.59 $-0.74 $-0.76 $-1.05 $-0.83 $-0.69 $-0.44 $0.21 $-0.04 $-0.48 $-0.87 $-1.47 $-1.50 $-1.42 $-1.42
Debt/Share $0.11 $0.16 $0.15 $0.25 $0.25 $0.21 $0.20 $0.22 $0.20 $0.18 $0.33 $0.16 $0.15 $0.15 $0.15 $0.14 $0.13 $0.12 $0.11 $0.11 $0.11
Net Debt/Share $-2.64 $-2.13 $-3.84 $-4.74 $-4.46 $-5.10 $-4.11 $-4.28 $-4.19 $-4.85 $-5.39 $-4.85 $-4.30 $-5.51 $-4.32 $-3.79 $-3.41 $-3.60 $-3.26 $-2.77 $-2.77
Academic Models
Metric Trend 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 — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 3 4 6 7 7 8 2 2 2 3 5 5 6 6 5 3 1 2 2 2 2
Beneish M-Score -2.49 -1.49 6.04 1.11 -1.61 -3.91 -2.40 -1.91 -3.02 5.32 15.77 -2.80 1.04 -0.74 -0.64 -1.05 -0.83 -1.69 -2.47 -0.99 -0.987
Ohlson O-Score snapshot only -3.552
ROIC (Greenblatt) snapshot only -48.59%
Net-Net WC snapshot only $2.51
EVA snapshot only $-181245017.80
Credit
Metric Trend 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 BB+
Credit Score 41.94 41.70 82.56 83.13 83.24 76.23 49.69 49.15 50.25 53.47 52.48 49.95 49.87 76.06 50.26 49.96 49.85 49.60 49.99 49.38 49.381
Credit Grade snapshot only 11
Credit Trend snapshot only -0.582
Implied Spread (bps) snapshot only 400.000
Industry Credit Rank snapshot only 47
Sector Credit Rank snapshot only 42

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