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Not Investment Advice

KBSR OTC

KBS Real Estate Investment Trust III, Inc.
1W: +0.0% 1M: -37.8% 3M: -25.6%
$0.90
Last traded 2025-02-18 — delisted
OTC · Real Estate · REIT - Diversified · $133.7M mcap · 148M float · 0.0033% daily turnover

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.

★ ★ ★ ★ ★ 12 Grade D
Profitability
3
Balance Sheet
13
Earnings Quality
47
Growth
44
Value
33
Momentum
46
Safety
0
Cash Flow
12
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. KBSR scores highest in Earnings Quality (47/100) and lowest in Safety (0/100). 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
-1.55
Distress Zone
Piotroski F-Score
4/9
✗ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✓
Beneish M-Score
-4.98
Unlikely Manipulator
Ohlson O-Score
-2.65
Bankruptcy prob: 6.6%
Low Risk
Credit Rating
CCC
Score: 5.7/100
Trend: Deteriorating
Earnings Quality
—
OCF/NI: -0.14x
Accruals: -5.2%
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. KBSR scores -1.55, 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. KBSR 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. KBSR's score of -4.98 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. KBSR's implied 6.6% 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. KBSR receives an estimated rating of CCC (score: 5.7/100), with a deteriorating 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
0.00x
PEG
0.00x
P/S
0.00x
P/B
0.00x
P/FCF
-42.94x
P/OCF
8.20x
EV/EBITDA
13.32x
EV/Revenue
5.47x
EV/EBIT
114.33x
EV/FCF
-669.47x
Earnings Yield
-89.62%
FCF Yield
-2.33%
Shareholder Yield
0.00%
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. At 0.0x earnings, KBSR trades at a deep value multiple.

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
1.000
NI / EBT
×
Interest Burden
-6.572
EBT / EBIT
×
EBIT Margin
0.048
EBIT / Rev
×
Asset Turnover
0.145
Rev / Assets
×
Equity Multiplier
9.969
Assets / Equity
=
ROE
-45.6%
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. KBSR's ROE of -45.6% is driven by financial leverage (equity multiplier: 9.97x). Note: high leverage means ROE is amplified by debt rather than operational performance. 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 130 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$0.56
Median 1Y
$0.00
5th Pctile
$0.00
95th Pctile
$0.00
Ann. Volatility
1529.6%
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 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 4.8% 22.5% 15.2% 16.7% 11.0% -22.5% -48.6% -61.7% -62.8% -58.5% -16.6% -13.8% -21.8% -4.1% -30.9% -31.7% -18.9% -36.3% -29.6% -45.6% -45.57%
ROA 1.1% 6.2% 4.8% 3.7% 2.4% -5.2% -10.3% -11.2% -10.7% -9.2% -2.5% -1.8% -2.6% -0.5% -4.3% -4.0% -2.3% -4.7% -3.5% -4.6% -4.57%
ROIC 0.9% 7.6% 7.5% 7.4% 7.2% 1.1% 1.1% 0.9% 1.0% 0.7% 1.7% 1.7% 1.7% 0.9% -0.4% -0.4% -0.5% 6.6% 0.6% 0.5% 0.49%
ROCE 1.1% 6.7% 7.2% 6.6% 6.5% 0.0% -1.5% -1.2% -0.9% 0.2% 11.4% 4.5% 3.8% 6.7% 2.9% 3.2% 5.4% 1.6% 5.8% 2.0% 2.03%
Gross Margin 78.1% -1.5% 79.6% 79.3% 80.8% 84.9% 78.8% 50.0% 78.9% 9.3% 3.9% 50.0% 80.0% 2.1% 81.6% 80.4% 81.6% -17.1% -21.4% -24.5% -24.46%
Operating Margin 8.5% 1.4% 11.9% 11.6% 4.8% 12.1% 9.2% 7.7% 6.0% 0.9% 45.0% 6.8% 7.3% -29.6% 6.0% 6.7% 6.8% 1.2% 1.3% 4.6% 4.64%
Net Margin -3.3% 1.3% 2.8% -40.1% -48.1% -84.6% -1.6% -71.0% -29.1% -32.3% 57.5% -41.2% -60.7% 27.0% -51.7% -36.9% -6.7% -31.2% -20.4% -70.5% -70.50%
EBITDA Margin 51.2% 1.7% 67.4% 35.7% 46.5% 41.4% 22.7% 53.8% 46.6% 44.9% 1.5% 47.2% 33.1% 1.1% 47.0% 54.6% 78.2% 15.9% 57.8% 9.8% 9.78%
FCF Margin 36.4% 25.7% 22.9% 5.2% -3.7% -11.6% -20.8% -19.4% -16.8% -13.9% -10.6% -1.5% -2.5% 2.9% 3.7% 4.1% -0.6% -7.3% -0.4% -0.8% -0.82%
OCF Margin 36.4% 25.7% 22.9% 19.0% 20.1% 27.6% 26.7% 23.8% 19.4% 14.6% 13.6% 13.0% 4.1% 2.9% 0.0% 0.2% 1.7% -2.5% 6.7% 4.3% 4.28%
ROE 3Y Avg snapshot only -36.80%
ROE 5Y Avg snapshot only -36.56%
ROA 3Y Avg snapshot only -3.73%
ROIC 3Y Avg snapshot only -1.67%
ROIC Economic snapshot only 0.48%
Cash ROA snapshot only 0.69%
Cash ROIC snapshot only 0.76%
CROIC snapshot only -0.14%
NOPAT Margin snapshot only 2.76%
Pretax Margin snapshot only -31.43%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 0.58%
SBC / Revenue snapshot only 0.00%
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 45.60 7.82 8.94 11.53 17.50 -8.43 -3.85 -0.00 -2.20 -2.06 -6.24 -2.94 -2.09 -12.32 -1.02 -1.10 -2.02 -1.06 -1.45 -1.12 0.000
P/S Ratio 5.50 3.68 3.47 3.42 3.38 3.60 3.21 0.00 1.86 1.46 1.19 0.39 0.41 0.50 0.31 0.32 0.32 0.34 0.34 0.35 0.000
P/B Ratio 2.21 1.76 1.68 1.92 1.97 2.35 2.62 0.00 2.05 1.56 1.10 0.40 0.47 0.52 0.37 0.41 0.42 0.47 0.50 0.66 0.000
P/FCF 15.12 14.32 15.13 66.21 -92.31 -31.07 -15.47 -0.01 -11.07 -10.51 -11.22 -25.80 -16.54 17.47 8.36 7.91 -54.50 -4.58 -77.95 -42.94 -42.937
P/OCF 15.12 14.32 15.13 17.93 16.78 13.03 12.02 0.01 9.59 9.99 8.72 2.97 9.92 17.47 1363.43 132.43 19.28 — 5.10 8.20 8.196
EV/EBITDA 26.18 9.22 8.91 9.46 9.71 19.19 24.51 14.96 18.86 17.70 9.24 8.27 9.04 6.79 9.35 9.40 7.08 0.49 10.20 13.32 13.315
EV/Revenue 12.93 7.86 7.96 8.25 8.38 9.17 8.96 6.09 7.74 7.42 6.62 5.75 6.13 5.77 5.63 5.86 5.20 0.24 5.28 5.47 5.468
EV/EBIT 109.41 15.86 14.95 16.55 17.37 4849.55 -78.53 -64.43 -113.23 656.52 21.64 19.09 23.05 13.22 29.56 27.89 15.55 2.34 37.05 114.33 114.332
EV/FCF 35.52 30.59 34.72 159.92 -229.08 -79.18 -43.16 -31.47 -46.12 -53.45 -62.48 -382.62 -246.98 201.99 150.88 143.90 -873.35 -3.28 -1197.10 -669.47 -669.466
Earnings Yield 2.2% 12.8% 11.2% 8.7% 5.7% -11.9% -26.0% -662.4% -45.4% -48.5% -16.0% -34.1% -47.9% -8.1% -98.2% -90.8% -49.5% -94.7% -69.2% -89.6% -89.62%
FCF Yield 6.6% 7.0% 6.6% 1.5% -1.1% -3.2% -6.5% -140.1% -9.0% -9.5% -8.9% -3.9% -6.0% 5.7% 12.0% 12.6% -1.8% -21.8% -1.3% -2.3% -2.33%
Price/Tangible Book snapshot only 0.659
EV/OCF snapshot only 127.797
EV/Gross Profit snapshot only 95.378
Acquirers Multiple snapshot only 156.613
Shareholder Yield snapshot only 0.00%
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 3.10 5.20 4.62 6.03 4.19 4.65 4.54 4.83 4.14 4.14 0.20 4.34 2.25 2.15 1.98 3.09 108.99 — 0.15 0.13 0.130
Quick Ratio 3.10 5.17 4.60 6.00 4.17 4.57 4.43 4.68 3.98 4.14 0.20 4.34 2.25 2.15 1.98 3.09 108.99 — 0.15 0.13 0.130
Debt/Equity 3.05 2.36 2.52 3.06 3.24 3.95 4.97 6.17 6.76 6.50 5.16 5.75 6.68 5.62 6.48 7.26 6.51 0.00 7.46 9.82 9.820
Net Debt/Equity 2.98 2.00 2.18 2.71 2.92 3.63 4.68 5.92 6.51 6.36 5.00 5.60 6.55 5.50 6.35 7.12 6.35 -0.13 7.20 9.61 9.609
Debt/Assets 0.68 0.65 0.67 0.71 0.71 0.74 0.77 0.79 0.80 0.81 0.78 0.80 0.81 0.79 0.80 0.82 0.80 0.00 0.82 0.84 0.839
Debt/EBITDA 15.41 5.79 5.81 6.26 6.43 12.69 16.70 15.59 14.88 14.53 7.82 7.92 8.61 6.33 9.02 9.05 6.80 0.00 9.88 12.73 12.735
Net Debt/EBITDA 15.04 4.90 5.03 5.54 5.80 11.66 15.72 14.95 14.34 14.22 7.58 7.71 8.44 6.20 8.83 8.88 6.64 -0.20 9.54 12.46 12.461
Interest Coverage 0.96 4.97 5.24 4.46 3.44 0.01 -0.40 -0.26 -0.17 0.03 0.68 0.67 0.55 0.92 0.41 0.45 0.73 0.24 0.34 0.12 0.120
Equity Multiplier 4.50 3.63 3.74 4.33 4.53 5.36 6.49 7.78 8.46 8.00 6.58 7.19 8.24 7.11 8.06 8.88 8.10 8.79 9.15 11.71 11.707
Cash Ratio snapshot only 0.029
Debt Service Coverage snapshot only 1.029
Cash to Debt snapshot only 0.021
FCF to Debt snapshot only -0.002
Defensive Interval snapshot only 4902.6 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 0.09 0.13 0.12 0.12 0.13 0.12 0.12 0.12 0.13 0.13 0.13 0.14 0.13 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.145
Inventory Turnover — 126.76 253.20 291.63 411.67 12.79 10.76 12.32 11.01 42.76 46.05 38.22 29.49 — — — — — — — —
Receivables Turnover 2.32 3.35 3.34 3.32 3.20 3.08 2.93 2.97 2.95 3.14 2.82 2.94 2.70 2.78 2.65 2.59 2.57 2.50 2.53 2.49 2.490
Payables Turnover 0.85 4.42 4.43 5.31 4.62 0.91 0.85 1.54 1.26 2.46 3.74 4.46 3.41 0.64 -0.41 -0.98 -1.86 4.52 6.20 9.24 9.235
DSO 157 109 109 110 114 118 125 123 124 116 129 124 135 131 138 141 142 146 144 147 146.6 days
DIO 0 3 1 1 1 29 34 30 33 9 8 10 12 0 — — — 0 0 0 0.0 days
DPO 427 83 82 69 79 403 428 237 290 149 98 82 107 573 — — — 81 59 40 39.5 days
Cash Conversion Cycle -270 29 28 42 36 -256 -269 -84 -133 -24 40 52 41 -441 — — — 65 86 107 107.1 days
Cash Velocity snapshot only 8.904
Capital Intensity snapshot only 6.235
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 — — 3.1% 1.1% 39.6% -7.3% -6.5% -8.1% -3.9% 3.6% 2.0% 7.1% -3.1% -6.1% -5.1% -10.5% -5.9% -7.6% -9.2% -8.2% -8.18%
Net Income — — 3.2% 2.2% 1.2% -1.8% -3.0% -3.8% -5.2% -71.7% 76.7% 84.5% 77.4% 94.6% -52.6% -98.2% 23.2% -6.3% 29.6% 1.3% 1.31%
EPS — — 4.1% 2.9% 1.5% -1.9% -3.1% -3.8% -5.2% -70.7% 76.7% 84.5% 77.3% 94.6% -52.6% -98.2% 23.2% -6.3% 29.6% 1.3% 1.31%
FCF — — 3.1% -65.7% -1.1% -1.4% -1.8% -4.5% -3.4% -24.3% 47.9% 91.7% 85.7% 1.2% 1.3% 3.4% 77.4% -3.4% -1.1% -1.2% -1.18%
EBITDA — — 6.2% 2.7% 1.4% -48.1% -61.7% -57.1% -54.3% -9.0% 99.9% 82.9% 60.2% 90.6% -20.3% -19.8% 1.9% -46.8% -22.0% -39.5% -39.52%
Op. Income — — 38.5% 10.5% 6.7% -80.2% -82.1% -84.2% -82.8% -40.7% 52.2% 73.0% 62.1% 10.6% -1.2% -1.2% -1.2% -29.3% 2.3% 2.0% 2.04%
OCF Growth snapshot only 15.16%
Asset Growth snapshot only -17.05%
Equity Growth snapshot only -37.11%
Debt Growth snapshot only -14.91%
Shares Change snapshot only 0.00%
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 — — — — — — — — — — 58.1% 27.0% 9.2% -3.4% -3.2% -4.1% -4.3% -3.5% -4.2% -4.2% -4.16%
Revenue 5Y — — — — — — — — — — — — — — — — — — 27.8% 11.0% 10.98%
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — 76.9% 43.2% 21.3% -3.5% -15.2% -14.3% -9.3% -2.6% 7.5% -3.9% -3.90%
EBITDA 5Y — — — — — — — — — — — — — — — — — — 28.0% 7.3% 7.33%
Gross Profit 3Y — — — — — — — — — — 22.1% -1.7% -17.0% 82.2% 97.4% 1.0% 1.0% -14.1% -30.1% -59.2% -59.19%
Gross Profit 5Y — — — — — — — — — — — — — — — — — — 6.1% -34.5% -34.47%
Op. Income 3Y — — — — — — — — — — 1.2% 46.5% 28.9% -49.4% — — — -22.6% -27.8% -28.7% -28.71%
Op. Income 5Y — — — — — — — — — — — — — — — — — — 21.6% -8.0% -8.03%
FCF 3Y — — — — — — — — — — — — — -53.5% -47.2% -11.4% — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — 33.0% -5.1% -47.1% -53.5% -90.3% -77.6% -58.1% — -39.5% -45.9% -45.92%
OCF 5Y — — — — — — — — — — — — — — — — — — 0.0% -25.4% -25.43%
Assets 3Y — — — — — — — — — — -6.9% -7.0% -5.9% -6.8% -7.5% -7.6% -11.1% -11.6% -11.6% -11.8% -11.80%
Assets 5Y — — — — — — — — — — — — — — — — — — -9.5% -9.7% -9.73%
Equity 3Y — — — — — — — — — — -30.2% -19.0% -23.1% -25.5% -28.4% -27.3% -26.8% -25.0% -21.2% -23.0% -23.03%
Book Value 3Y — — — — — — — — — — -24.9% -12.7% -20.6% -23.1% -27.8% -27.1% -27.0% -25.1% -21.2% -23.0% -22.97%
Dividend 3Y — — — — — — — — — — -30.0% -54.8% -96.9% — — — — — — — —
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 — — — — — — 0.68 0.62 0.63 0.29 0.55 0.56 0.38 0.62 0.74 0.45 0.98 0.66 0.52 0.39 0.395
Earnings Stability — — — — — — 0.52 0.59 0.66 0.92 0.27 0.22 0.27 0.22 0.23 0.17 0.11 0.17 0.15 0.14 0.137
Margin Stability — — — — — — 0.32 0.32 0.33 0.31 0.36 0.37 0.36 0.43 0.28 0.24 0.23 0.76 0.52 0.32 0.321
Rev. Growth Consistency 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 1.00 0.00 0.50 0.50 0.500
FCF Positive Streak 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence — — — — — — 0.20 0.20 0.20 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.91 0.50 0.88 0.99 0.995
Earnings Smoothness — — 0.00 0.00 0.24 — — — — — — — — — — — — — — — —
ROE Trend — — — — — — -0.79 -1.00 -1.01 -0.73 0.07 0.22 0.19 0.47 0.06 0.14 0.37 -0.04 -0.08 -0.33 -0.333
Gross Margin Trend — — — — — — 0.35 0.28 0.28 0.07 -0.10 -0.06 -0.08 0.21 0.49 0.61 0.63 -0.14 -0.41 -0.71 -0.711
FCF Margin Trend — — — — — — -0.44 -0.38 -0.33 -0.21 -0.12 0.06 0.08 0.16 0.19 0.15 0.09 -0.02 0.03 -0.02 -0.021
Sustainable Growth Rate -4.3% 12.6% 6.9% 6.4% -0.1% — — — — — — — — — — — — — — — —
Internal Growth Rate — 3.6% 2.2% 1.4% — — — — — — — — — — — — — — — — —
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 3.02 0.55 0.59 0.64 1.04 -0.65 -0.32 -0.26 -0.23 -0.21 -0.72 -0.99 -0.21 -0.71 -0.00 -0.01 -0.10 0.08 -0.28 -0.14 -0.136
FCF/OCF 1.00 1.00 1.00 0.27 -0.18 -0.42 -0.78 -0.81 -0.87 -0.95 -0.78 -0.12 -0.60 1.00 163.08 16.74 -0.35 2.99 -0.07 -0.19 -0.191
FCF/Net Income snapshot only 0.026
OCF/EBITDA snapshot only 0.104
CapEx/Revenue 0.0% 0.0% 0.0% 13.9% 23.8% 39.2% 47.5% 43.2% 36.1% 28.5% 24.2% 14.5% 6.6% 0.0% 3.7% 3.8% 2.3% 4.9% 7.2% 5.1% 5.10%
CapEx/Depreciation snapshot only 0.140
Accruals Ratio -0.02 0.03 0.02 0.01 -0.00 -0.09 -0.14 -0.14 -0.13 -0.11 -0.04 -0.04 -0.03 -0.01 -0.04 -0.04 -0.03 -0.04 -0.04 -0.05 -0.052
Sloan Accruals snapshot only -0.633
Cash Flow Adequacy snapshot only 0.840
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 4.1% 5.6% 6.1% 5.3% 5.8% 5.7% 5.7% 128.8% 7.4% 6.1% 4.2% 3.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.29 $0.38 $0.41 $0.36 $0.39 $0.38 $0.34 $0.32 $0.26 $0.17 $0.09 $0.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio 1.9% 44.2% 54.4% 61.6% 1.0% — — — — — — — — — — — — — — — —
FCF Payout Ratio 62.6% 80.9% 92.1% 3.5% — — — — — — — — — 0.0% 0.0% 0.0% — — — — —
Total Payout Ratio 14.3% 3.1% 4.1% 5.6% 3.5% — — — — — — — — — — — — — — — —
Div. Increase Streak 0 0 1 1 1 0 0 0 0 0 0 0 0 — — — — — — — —
Chowder Number — — 2.88 0.45 0.25 -0.03 -0.13 128.71 -0.25 -0.49 -0.68 -0.89 -1.00 — — — — — — — —
Buyback Yield 27.2% 33.5% 39.4% 43.6% 14.0% 9.0% 5.9% 51.8% 2.4% 2.9% 2.8% 4.9% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield 27.2% 33.5% 39.4% 43.6% 14.0% 9.0% 5.9% 51.8% 2.4% 2.9% 2.8% 4.9% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Shareholder Return 31.4% 39.1% 45.5% 48.9% 19.8% 14.7% 11.7% 180.6% 9.8% 9.0% 7.0% 8.0% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
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 0.97 0.90 0.79 0.58 1.88 1.65 1.47 1.35 1.21 0.86 0.82 0.86 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Interest Burden (EBT/EBIT) 1.02 0.98 0.81 0.76 0.69 -120.11 4.44 6.57 9.11 -51.51 -0.72 -0.54 -0.86 -0.09 -1.61 -1.39 -0.48 -3.10 -1.67 -6.57 -6.572
EBIT Margin 0.12 0.50 0.53 0.50 0.48 0.00 -0.11 -0.09 -0.07 0.01 0.31 0.30 0.27 0.44 0.19 0.21 0.33 0.10 0.14 0.05 0.048
Asset Turnover 0.09 0.13 0.12 0.12 0.13 0.12 0.12 0.12 0.13 0.13 0.13 0.14 0.13 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.145
Equity Multiplier 4.50 3.63 3.16 4.54 4.52 4.33 4.72 5.53 5.85 6.38 6.54 7.48 8.35 7.56 7.21 7.90 8.18 7.80 8.52 9.97 9.969
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) $0.16 $0.86 $0.75 $0.58 $0.38 $-0.79 $-1.55 $-1.66 $-1.59 $-1.36 $-0.36 $-0.26 $-0.36 $-0.07 $-0.55 $-0.51 $-0.28 $-0.53 $-0.39 $-0.50 $-0.50
Book Value/Share $3.20 $3.80 $3.99 $3.50 $3.40 $2.85 $2.28 $1.86 $1.70 $1.80 $2.05 $1.86 $1.60 $1.73 $1.50 $1.35 $1.32 $1.20 $1.12 $0.85 $0.00
Tangible Book/Share $3.20 $3.80 $3.99 $3.49 $3.40 $2.85 $2.28 $1.86 $1.70 $1.80 $2.05 $1.86 $1.60 $1.73 $1.50 $1.35 $1.32 $1.20 $1.12 $0.85 $0.85
Revenue/Share $1.28 $1.82 $1.93 $1.96 $1.99 $1.86 $1.86 $1.81 $1.89 $1.92 $1.89 $1.94 $1.83 $1.80 $1.80 $1.74 $1.73 $1.67 $1.63 $1.60 $0.00
FCF/Share $0.47 $0.47 $0.44 $0.10 $-0.07 $-0.22 $-0.39 $-0.35 $-0.32 $-0.27 $-0.20 $-0.03 $-0.05 $0.05 $0.07 $0.07 $-0.01 $-0.12 $-0.01 $-0.01 $0.00
OCF/Share $0.47 $0.47 $0.44 $0.37 $0.40 $0.51 $0.50 $0.43 $0.37 $0.28 $0.26 $0.25 $0.08 $0.05 $0.00 $0.00 $0.03 $-0.04 $0.11 $0.07 $0.00
Cash/Share $0.23 $1.38 $1.36 $1.22 $1.08 $0.92 $0.66 $0.47 $0.42 $0.25 $0.32 $0.28 $0.21 $0.21 $0.20 $0.19 $0.20 $0.16 $0.29 $0.18 $0.00
EBITDA/Share $0.63 $1.55 $1.73 $1.71 $1.71 $0.89 $0.68 $0.74 $0.77 $0.80 $1.36 $1.35 $1.24 $1.53 $1.08 $1.08 $1.27 $0.82 $0.84 $0.66 $0.66
Debt/Share $9.78 $8.99 $10.03 $10.70 $11.01 $11.29 $11.33 $11.49 $11.51 $11.70 $10.60 $10.70 $10.70 $9.71 $9.75 $9.81 $8.62 $0.00 $8.33 $8.35 $8.35
Net Debt/Share $9.54 $7.61 $8.68 $9.48 $9.93 $10.37 $10.67 $11.02 $11.09 $11.45 $10.28 $10.42 $10.49 $9.51 $9.55 $9.63 $8.41 $-0.16 $8.04 $8.17 $8.17
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 — — — — — — — — — — — — — — — — — — — — -1.552
Altman Z-Prime snapshot only -6.053
Piotroski F-Score 4 3 5 6 8 4 3 3 2 3 4 5 6 7 6 4 8 3 4 4 4
Beneish M-Score — — -2.39 -2.88 -2.90 -4.02 -3.47 -2.86 -3.01 20.03 3202.77 3374.01 3865.87 64.27 -3.09 -2.94 -2.63 -9.72 -5.34 -4.98 -4.983
Ohlson O-Score snapshot only -2.654
Net-Net WC snapshot only $-8.30
EVA snapshot only $-127447300.00
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 CCC
Credit Score 25.76 46.16 51.75 40.50 42.93 23.33 15.68 14.47 14.95 17.59 6.43 18.52 16.04 17.17 15.12 18.52 19.11 40.84 5.56 5.71 5.715
Credit Grade snapshot only 17
Credit Trend snapshot only -12.807
Implied Spread (bps) snapshot only 1200.000
Industry Credit Rank snapshot only 0
Sector Credit Rank snapshot only 0

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