— Know what they know.
Not Investment Advice
Also trades as: 6178.T (JPX) · $vol 91M · JPHLF (OTC) · $vol 0M

JPPHY OTC

Japan Post Holdings Co., Ltd.
1W: -12.6% 1M: +15.1% 3M: +9.2% YTD: +46.8% 1Y: +57.8% 3Y: +150.9%
$15.78
-0.70 (-4.25%)
 
Weekly Expected Move ±18.7%
$10 $13 $16 $19 $22
OTC · Financial Services · Banks - Regional · Tech Score Neutral · Power 48 · $44.3B mcap · 1.57B float · 0.0001% daily turnover · Short 22% 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
1
ROE
3
ROA
4
D/E
1
P/E
3
P/B
4
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. JPPHY receives an overall rating of B. Strongest factors: ROA (4/5), P/B (4/5). Areas of concern: DCF (1/5), D/E (1/5).
Rating Change History
DateFromTo
2026-10-01 C+ B
2026-06-29 None ADDED
2026-06-29 EXISTED None
2026-06-01 None ADDED
2026-05-27 EXISTED None
2026-04-22 B- C+
2026-04-01 C+ B-
2026-03-03 None ADDED
2026-03-03 EXISTED None
2026-02-18 B- C+

InsiderStreet Scorecard

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

★ ★ ★ ★ ★ — Grade D
Profitability
33
Balance Sheet
62
Earnings Quality
96
Growth
76
Value
—
Momentum
96
Safety
—
Cash Flow
36

Risk & Quality Signals

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

Altman-B Score
1.79
Grey Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✓ ✗ ✗ ✓ ✗ ✓
Beneish M-Score
-2.38
Unlikely Manipulator
Ohlson O-Score
-9.62
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
B+
Score: 33.6/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 1.11x
Accruals: -0.0%
The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. JPPHY scores 1.79, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. JPPHY scores 6/9, 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. JPPHY's score of -2.38 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. JPPHY'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. JPPHY receives an estimated rating of B+ (score: 33.6/100), 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). JPPHY's score of 100/100 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
16.19x
PEG
0.59x
P/S
0.61x
P/B
0.69x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$3214.22
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 16.2x earnings, JPPHY trades at a reasonable valuation. Graham's intrinsic value formula yields $3214.22 per share, suggesting a potential 20269% 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
0.359
NI / EBT
×
Interest Burden
1.236
EBT / EBIT
×
EBIT Margin
0.075
EBIT / Rev
×
Asset Turnover
0.039
Rev / Assets
×
Equity Multiplier
31.213
Assets / Equity
=
ROE
4.0%
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. JPPHY's ROE of 4.0% is driven by financial leverage (equity multiplier: 31.21x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.36 suggests the company retains less than 60% of pre-tax earnings after taxes.

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
2.39%
Fair P/E
13.28x
Intrinsic Value
$1775.43
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 JPPHY's realized 2.4% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. JPPHY trades at a premium to its adjusted intrinsic value of $1775.43, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 13.3x compares to the current market P/E of 16.2x.

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 892 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$15.78
Median 1Y
$14.20
5th Pctile
$4.78
95th Pctile
$41.84
Ann. Volatility
67.0%
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 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
ROE 3.8% 3.8% 3.2% 3.8% 3.6% 3.6% 3.9% 3.9% 2.7% 3.3% 2.6% 2.6% 2.7% 2.1% 2.4% 3.1% 3.8% 3.9% 3.8% 4.0% 4.03%
ROA 0.2% 0.2% 0.1% 0.2% 0.2% 0.1% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.13%
ROIC -1.4% -1.4% -1.3% -1.2% -1.1% -1.1% -1.0% -0.9% -0.8% -0.9% -0.9% -1.0% -0.9% -3.9% 26.2% -8.9% 52.8% -8.4% -7.4% -6.9% -6.94%
ROCE 0.7% 0.8% 0.7% 0.8% 0.7% 0.7% 0.8% 0.7% 0.6% 0.6% 0.6% 0.2% 0.2% 0.3% 0.0% 0.0% — 0.3% — 0.3% 0.29%
Gross Margin 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% — 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.00%
Operating Margin 9.1% 7.2% 7.2% 6.4% 6.8% 6.2% 7.5% 4.3% 2.8% 8.2% 6.4% 3.9% — 1.0% 1.0% 16.2% 75.4% 8.3% 10.1% 10.1% 10.09%
Net Margin 5.6% 3.7% 5.0% 3.6% 4.4% 3.2% 5.8% 2.0% -0.3% 4.5% 3.6% 1.3% — 2.4% 4.5% 3.3% 2.4% 2.6% 4.3% 3.9% 3.93%
EBITDA Margin 11.4% 9.4% 9.5% 8.5% 8.9% 8.3% 9.5% 6.4% 5.0% 10.3% 8.6% 5.7% — 0.0% 0.0% 0.0% 0.1% 9.7% 10.1% 10.1% 10.09%
FCF Margin 29.0% 42.9% 58.4% 55.5% 51.8% 38.2% 23.5% 13.8% 4.2% 4.2% 4.3% -2.6% -11.9% -20.7% -29.5% -15.8% -0.8% 10.2% 21.4% 1.3% 1.32%
OCF Margin 30.8% 44.8% 60.4% 57.4% 53.7% 39.7% 24.4% 14.3% 4.2% 4.2% 4.3% -1.9% -10.2% -18.1% -26.0% -12.2% 1.9% 12.9% 24.1% 3.7% 3.71%
ROE 3Y Avg snapshot only 3.26%
ROE 5Y Avg snapshot only 3.62%
ROA 3Y Avg snapshot only 0.11%
ROIC Economic snapshot only 4.86%
Cash ROA snapshot only 0.15%
NOPAT Margin snapshot only 18.32%
Pretax Margin snapshot only 9.27%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 6.04%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 16.193
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.608
P/B Ratio — — — — — — — — — — — — — — — — — — — — 0.690
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.586
Graham Number snapshot only $3214.22
Leverage & Solvency
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Current Ratio 0.33 0.33 0.32 0.36 0.35 0.32 0.35 0.37 0.33 0.34 0.32 1169.47 — 0.35 — 0.36 — 0.35 — — —
Quick Ratio 0.33 0.33 0.32 0.36 0.35 0.32 0.35 0.37 0.33 0.34 0.32 1169.47 — 0.35 — 0.36 — 0.35 — — —
Debt/Equity 0.37 0.40 0.40 0.51 0.45 0.08 0.08 0.21 0.21 0.24 0.24 0.49 0.54 0.31 0.55 0.38 0.38 0.39 3.30 3.43 3.432
Net Debt/Equity -4.25 -4.27 -4.16 -5.06 -5.18 -5.40 -5.99 -6.76 -6.04 -6.40 -5.78 -5.31 -5.67 -6.40 0.55 -7.01 0.32 -6.60 -4.41 -4.09 -4.089
Debt/Assets 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.02 0.01 0.02 0.01 0.01 0.01 0.11 0.12 0.115
Debt/EBITDA 4.50 4.87 5.31 5.69 5.34 0.96 0.94 2.30 2.60 2.66 2.84 5.72 7.36 6.96 27.12 3228.66 1406.11 13.00 56.89 39.09 39.085
Net Debt/EBITDA -51.87 -52.03 -55.22 -56.77 -60.88 -63.21 -67.76 -73.72 -76.48 -70.96 -69.10 -62.54 -77.61 -145.54 27.12 -60172.83 1183.94 -220.75 -76.05 -46.57 -46.566
Interest Coverage — — — — — — — — — — — — — — — — — — — — —
Equity Multiplier 22.34 22.25 22.50 24.68 25.58 26.08 26.40 29.39 28.55 30.15 29.11 29.09 30.32 30.19 31.14 32.69 31.97 31.53 30.50 29.84 29.835
Cash to Debt snapshot only 2.191
FCF to Debt snapshot only 0.005
Defensive Interval snapshot only 3172.4 days
Efficiency & Turnover
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Asset Turnover 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.039
Inventory Turnover — — — — — — — — — — — — — — — — — — — — —
Receivables Turnover — — — — — — — — — — — — — — — — — — — — —
Payables Turnover — — — — — — — — — — — — — — — — — — — — —
DSO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 days
DIO — — — — — — — — — — — — — — — — — — — — —
DPO — — — — — — — — — — — — — — — — — — — — —
Cash Conversion Cycle — — — — — — — — — — — — — — — — — — — — —
Fixed Asset Turnover snapshot only 3.381
Cash Velocity snapshot only 0.156
Capital Intensity snapshot only 25.498
Growth (YoY)
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue 0.3% 1.8% -0.5% -3.9% -5.7% -7.3% -3.2% -1.1% 0.6% 3.1% -0.0% 7.6% -17.6% -19.5% -18.6% -27.0% 25.4% 28.6% 27.8% 30.5% 30.45%
Net Income 16.8% 18.4% -4.4% 20.0% -7.7% -12.3% 9.9% -14.1% -34.0% -21.9% -41.7% -37.7% -8.8% -38.3% -14.4% 10.1% 31.1% 75.8% 54.9% 28.5% 28.47%
EPS 18.2% 27.1% 1.7% 29.6% 0.9% -8.1% 16.6% -8.2% -30.3% -18.4% -36.3% -33.2% -1.3% -32.4% -9.7% 19.6% 41.2% 86.3% 68.5% 34.3% 34.34%
FCF 2.8% 6.6% 72.3% 2.6% 68.6% -17.5% -61.1% -75.3% -91.9% -88.8% -81.8% -1.2% -3.4% -5.0% -6.6% -3.5% 91.3% 1.6% 1.9% 1.1% 1.11%
EBITDA 12.9% 10.9% -2.9% 11.8% -8.0% -12.5% -2.4% -15.7% -19.1% -8.4% -14.1% -5.7% -10.4% -50.1% -76.3% -99.9% -99.7% -36.4% 1.8% 808.3% 808.26%
Op. Income 20.2% 18.0% -1.2% 21.1% -6.5% -12.3% 1.6% -17.4% -23.2% -10.4% -19.0% -9.5% -6.4% 3.7% 8.3% 8.6% 13.8% 85.9% -44.4% -51.5% -51.52%
OCF Growth snapshot only 1.40%
Asset Growth snapshot only -2.03%
Equity Growth snapshot only 7.35%
Debt Growth snapshot only 8.80%
Shares Change snapshot only -4.37%
Dividend Growth snapshot only -29.01%
Growth (CAGR)
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue 3Y 55.1% 23.6% 6.4% -4.1% -4.1% -4.2% -3.0% -2.3% -1.7% -0.9% -1.3% 0.7% -7.9% -8.4% -7.6% -8.1% 1.3% 2.2% 1.3% 0.8% 0.83%
Revenue 5Y — — — — — — — — 28.8% 12.5% 3.1% -1.3% -6.1% -6.1% -5.8% -6.0% -0.3% 0.1% 0.0% -0.5% -0.52%
EPS 3Y 59.9% 34.3% 5.8% 4.6% 1.3% 0.3% 2.1% 1.4% -6.0% -1.6% -8.9% -7.4% -11.5% -20.3% -12.5% -9.8% -1.0% 0.9% -1.0% 2.4% 2.39%
EPS 5Y — — — — — — — — 23.5% 12.7% -2.5% -6.8% -6.5% -11.0% -9.3% -3.6% 3.0% 3.7% 2.8% 5.0% 5.02%
Net Income 3Y 59.3% 31.1% 3.2% 1.5% -2.1% -3.5% -2.3% -3.8% -10.7% -6.8% -15.1% -13.7% -17.8% -25.0% -18.1% -16.1% -7.6% -5.4% -8.2% -4.1% -4.11%
Net Income 5Y — — — — — — — — 19.7% 9.1% -6.7% -10.9% -10.8% -15.4% -14.2% -9.4% -3.2% -2.5% -4.1% -1.9% -1.89%
EBITDA 3Y 64.5% 32.3% 10.4% 4.4% 0.6% -1.5% -2.3% -4.0% -5.6% -3.8% -6.6% -3.9% -12.6% -26.3% -41.6% -90.1% -86.5% -33.8% -17.5% -2.5% -2.49%
EBITDA 5Y — — — — — — — — 27.1% 13.2% 2.5% -2.0% -5.9% -15.3% -28.2% -74.8% -69.8% -22.4% -11.8% -2.7% -2.67%
Gross Profit 3Y 55.1% 23.6% 6.4% -4.1% -4.1% -4.2% -3.0% -2.3% -1.7% -0.9% -1.3% 0.7% -7.9% -8.4% -7.6% -8.1% 1.3% 2.2% 1.3% 0.8% 0.83%
Gross Profit 5Y — — — — — — — — 28.8% 12.5% 3.1% -1.3% -6.1% -6.1% -5.8% -6.0% -0.3% 0.1% 0.0% -0.5% -0.52%
Op. Income 3Y 65.7% 34.2% 10.6% 6.5% 2.2% -0.0% -0.6% -2.5% -4.8% -2.5% -6.7% -3.2% -12.4% 54.3% 97.1% 93.1% 1.2% 98.3% 61.2% 61.6% 61.64%
Op. Income 5Y — — — — — — — — 26.7% 13.7% 2.2% -2.0% -5.2% 33.2% 49.3% 51.9% 64.4% 51.8% 33.2% 33.4% 33.42%
FCF 3Y — — — — — — — — — — 73.0% — — — — — — -34.1% -1.7% -53.9% -53.91%
FCF 5Y — — — — — — — — — — — — — — — — — — 93.4% -38.8% -38.77%
OCF 3Y — — — — — — — — — — 15.9% — — — — — -66.8% -29.8% 0.9% -35.7% -35.72%
OCF 5Y — — — — — — — — — — — — — — — — — — 55.7% -26.5% -26.49%
Assets 3Y 1.4% 1.5% 1.6% 2.0% 1.7% 0.6% 0.3% 1.2% 0.3% -0.0% -0.4% 0.1% 0.5% 0.4% 0.7% -0.7% -1.1% 0.1% -0.3% -0.6% -0.56%
Assets 5Y — — — — — — — — 0.6% 0.7% 0.5% 0.9% 1.0% 0.9% 1.1% 0.8% 0.0% 0.0% -0.4% -0.4% -0.45%
Equity 3Y 0.7% 1.0% 2.3% -2.5% -3.6% -5.8% -6.3% -2.7% -6.4% -9.3% -9.9% -9.4% -9.2% -9.3% -9.6% -9.6% -8.2% -6.0% -5.0% -1.1% -1.06%
Book Value 3Y 1.1% 3.4% 4.8% 0.4% -0.3% -2.1% -2.1% 2.5% -1.4% -4.3% -3.4% -2.7% -2.2% -3.6% -3.4% -2.8% -1.7% 0.2% 2.4% 5.6% 5.64%
Dividend 3Y -10.8% -13.4% -18.6% -7.9% 3.4% 3.9% 4.5% -22.4% — — — 16.1% — — — 65.1% 25.7% 4.8% -8.2% -6.2% -6.16%
Growth Quality
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue Stability 0.53 0.51 0.34 0.94 0.88 0.80 0.90 0.96 0.59 0.57 0.43 0.40 0.84 0.77 0.76 0.42 0.16 0.08 0.11 0.14 0.138
Earnings Stability 0.60 0.59 0.03 0.00 0.47 0.39 0.10 0.12 0.10 0.07 0.21 0.50 0.67 0.69 0.77 0.65 0.48 0.43 0.43 0.35 0.351
Margin Stability 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Rev. Growth Consistency 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.00 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.500
Earn. Growth Consistency 0.50 0.50 0.00 0.50 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.000
FCF Positive Streak 0 0 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0
Earnings Persistence 0.93 0.93 0.98 0.92 0.97 0.95 0.96 0.94 0.86 0.91 0.83 0.85 0.96 0.85 0.94 0.96 0.88 0.50 0.50 0.89 0.886
Earnings Smoothness 0.85 0.83 0.95 0.82 0.92 0.87 0.91 0.85 0.59 0.75 0.47 0.54 0.91 0.53 0.85 0.90 0.73 0.45 0.57 0.75 0.751
ROE Trend 0.00 0.00 -0.00 0.00 0.00 0.00 0.01 0.01 -0.01 -0.00 -0.01 -0.02 -0.01 -0.02 -0.01 -0.00 0.01 0.01 0.01 0.01 0.010
Gross Margin Trend 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 0.000
FCF Margin Trend 0.50 0.61 0.74 0.60 0.45 0.21 -0.06 -0.21 -0.36 -0.36 -0.37 -0.37 -0.40 -0.42 -0.43 -0.21 0.03 0.19 0.34 0.11 0.105
Sustainable Growth Rate 2.7% 2.8% 2.4% 2.9% 2.4% 2.6% 3.0% 3.4% 2.7% 3.3% 2.6% 2.0% 1.5% 0.2% -0.2% 0.7% 1.6% 2.0% 2.2% 2.4% 2.37%
Internal Growth Rate 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% — 0.0% 0.1% 0.1% 0.1% 0.1% 0.08%
Cash Flow Quality
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
OCF/Net Income 7.28 10.51 16.14 12.90 12.97 9.83 5.74 3.69 1.53 1.36 1.72 -0.85 -3.38 -7.72 -9.95 -3.62 0.60 4.02 7.61 1.11 1.113
FCF/OCF 0.94 0.96 0.97 0.97 0.96 0.96 0.96 0.97 1.00 1.00 1.00 1.35 1.17 1.15 1.14 1.30 -0.44 0.79 0.89 0.36 0.357
FCF/Net Income snapshot only 0.397
OCF/EBITDA snapshot only 0.494
CapEx/Revenue 1.9% 1.9% 2.0% 2.0% 1.9% 1.4% 0.9% 0.5% 0.0% 0.0% 0.0% 0.7% 1.7% 2.6% 3.5% 3.6% 2.7% 2.6% 2.6% 2.4% 2.38%
Accruals Ratio -0.01 -0.02 -0.02 -0.02 -0.02 -0.01 -0.01 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.01 0.01 0.00 0.00 -0.00 -0.01 -0.00 -0.000
Sloan Accruals snapshot only 0.661
Cash Flow Adequacy snapshot only 0.986
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 2.23%
Dividend/Share $37.99 $33.58 $26.98 $34.22 $41.54 $35.14 $28.57 $14.61 $0.00 $0.00 $0.00 $19.80 $39.97 $61.04 $83.24 $77.79 $69.54 $61.44 $55.84 $55.22 $55.00
Payout Ratio 30.4% 25.1% 23.5% 25.2% 32.9% 28.6% 21.3% 11.7% 0.0% 0.0% 0.0% 23.8% 46.1% 89.9% 1.1% 78.1% 56.8% 48.6% 42.9% 41.3% 41.29%
FCF Payout Ratio 4.4% 2.5% 1.5% 2.0% 2.6% 3.0% 3.9% 3.3% 0.0% 0.0% 0.0% — — — — — — 15.2% 6.3% 1.0% 1.04%
Total Payout Ratio 31.2% 25.5% 23.5% 42.5% 70.5% 67.7% 57.8% 31.8% 0.0% 0.0% 0.0% 57.0% 1.1% 2.2% 2.6% 2.0% 1.5% 1.4% 1.4% 1.4% 1.35%
Div. Increase Streak 0 0 0 0 0 0 0 0 — — — 0 0 0 0 1 1 0 0 0 0
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Tax Burden (NI/EBT) 0.61 0.61 0.58 0.60 0.60 0.61 0.63 0.62 0.52 0.53 0.45 0.43 0.50 0.40 0.42 0.50 0.46 0.44 0.40 0.36 0.359
Interest Burden (EBT/EBIT) 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.67 4.12 556.44 321.35 3.05 1.65 1.24 1.236
EBIT Margin 0.07 0.07 0.06 0.07 0.07 0.07 0.07 0.06 0.05 0.06 0.05 0.05 0.06 0.03 0.02 0.00 0.00 0.02 0.05 0.08 0.075
Asset Turnover 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.039
Equity Multiplier 22.75 22.39 21.99 23.05 23.86 24.00 24.27 26.80 26.96 27.97 27.69 29.24 29.42 30.17 30.11 30.78 31.11 30.84 30.83 31.21 31.213
Per Share
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
EPS (Diluted TTM) $124.96 $133.90 $115.01 $135.72 $126.09 $123.00 $134.11 $124.60 $87.86 $100.40 $85.41 $83.24 $86.67 $67.87 $77.15 $99.55 $122.35 $126.47 $130.03 $133.74 $133.74
Book Value/Share $3359.89 $3570.06 $3565.16 $3330.02 $3257.63 $3146.61 $3147.18 $2912.16 $3000.79 $2852.64 $3117.76 $3180.81 $3142.45 $3197.64 $3217.58 $3058.60 $3094.92 $3169.77 $3383.38 $3433.32 $6106.88
Tangible Book/Share $3302.07 $3508.71 $3506.05 $3269.17 $3193.96 $3080.36 $3077.01 $2835.06 $2922.10 $2768.71 $3027.79 $3088.32 $3048.42 $3100.70 $3117.28 $2949.65 $2984.00 $3169.01 $3266.65 $3317.96 $3317.96
Revenue/Share $2951.66 $3140.66 $3072.62 $3047.43 $3044.34 $3048.00 $3155.13 $3219.42 $3232.30 $3286.62 $3443.78 $3712.19 $2882.42 $2896.86 $2957.97 $2945.07 $3890.86 $3947.09 $4115.01 $4017.30 $4093.26
FCF/Share $854.89 $1347.55 $1795.24 $1690.48 $1576.90 $1164.71 $740.99 $445.61 $134.59 $136.49 $147.01 $-95.55 $-343.04 $-600.25 $-872.14 $-466.76 $-32.04 $403.65 $881.59 $53.12 $0.00
OCF/Share $910.05 $1406.90 $1855.68 $1750.29 $1635.85 $1208.80 $769.79 $460.34 $134.59 $136.49 $147.01 $-70.76 $-293.02 $-523.87 $-767.97 $-360.24 $73.33 $508.11 $990.09 $148.85 $0.00
Cash/Share $15522.62 $16680.63 $16264.00 $18531.83 $18355.78 $17247.18 $19113.10 $20302.62 $18727.91 $18951.05 $18774.77 $18436.03 $19512.19 $21428.44 $0.00 $22586.43 $184.36 $22135.83 $26068.53 $25820.21 $24261.30
EBITDA/Share $275.37 $293.16 $268.67 $296.67 $277.20 $268.77 $278.22 $267.06 $236.81 $257.41 $260.99 $270.07 $229.64 $140.52 $65.37 $0.36 $0.83 $94.70 $196.09 $301.46 $301.46
Debt/Share $1238.42 $1428.08 $1426.87 $1688.87 $1479.38 $257.52 $260.27 $614.57 $616.16 $685.42 $740.05 $1545.40 $1690.61 $977.85 $1772.42 $1150.19 $1166.86 $1230.88 $11155.68 $11782.57 $11782.57
Net Debt/Share $-14284.20 $-15252.56 $-14837.13 $-16842.96 $-16876.40 $-16989.65 $-18852.84 $-19688.05 $-18111.75 $-18265.63 $-18034.72 $-16890.63 $-17821.57 $-20450.58 $1772.42 $-21436.24 $982.50 $-20904.96 $-14912.85 $-14037.64 $-14037.64
Academic Models
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Altman-B Score — — — — — — — — — — — — — — — — — — — — 1.795
Piotroski F-Score 5 6 4 6 5 5 7 7 6 6 4 4 2 3 2 4 6 7 6 6 6
Beneish M-Score -2.42 -2.45 -2.58 -2.66 -2.62 -2.62 -2.48 -2.53 -2.48 -2.43 -2.51 -2.34 — -2.31 -2.15 -2.36 — -2.46 -2.67 -2.38 -2.385
Ohlson O-Score snapshot only -9.619
ROIC (Greenblatt) snapshot only 1.12%
Net-Net WC snapshot only $-70789.45
Credit
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Credit Rating snapshot only B+
Credit Score 50.60 50.60 50.60 50.60 48.80 48.80 48.80 48.80 32.00 33.35 31.10 39.80 32.30 26.60 27.80 28.85 30.65 45.05 34.55 33.65 33.650
Credit Grade snapshot only 14
Credit Trend snapshot only 4.800
Implied Spread (bps) snapshot only 650.000

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