— Know what they know.
Not Investment Advice
Also trades as: MIO.IR (DUB) · $vol 0M

MCON.L LSE

Mincon Group plc
1W: -0.7% 1M: +20.2% 3M: +25.2% YTD: +47.5% 1Y: +97.7% 3Y: +1.1% 5Y: -22.7%
£73.61 ($0.97)
-0.89 (-1.19%)
 
Weekly Expected Move ±8.3%
£62 £68 £74 £81 £87
LSE · Industrials · Manufacturing - Tools & Accessories · Tech Score Strong Buy · Power 76 · £158.3M mcap · 74M float · 0.033% daily turnover

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.

A-
Oct 02, 2026
DCF
4
ROE
3
ROA
5
D/E
2
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. MCON.L receives an overall rating of A-. Strongest factors: DCF (4/5), ROA (5/5), P/B (4/5). Areas of concern: D/E (2/5).
Rating Change History
DateFromTo
2026-09-08 A A-
2026-09-02 A- A
2026-08-28 A A-
2026-08-26 A- A
2026-08-24 A A-
2026-08-21 A- A
2026-08-07 B A-
2026-08-05 B+ B
2026-08-04 B B+
2026-07-30 B+ B

InsiderStreet Scorecard

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

★ ★ ★ ★ ★ — Grade A
Profitability
34
Balance Sheet
77
Earnings Quality
86
Growth
41
Value
—
Momentum
69
Safety
—
Cash Flow
37

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
6/9
✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✗
Beneish M-Score
-2.45
Unlikely Manipulator
Ohlson O-Score
-8.56
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
A-
Score: 66.9/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 1.17x
Accruals: -1.1%
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. MCON.L 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. MCON.L's score of -2.45 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. MCON.L'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. MCON.L receives an estimated rating of A- (score: 66.9/100), 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). MCON.L'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
17.13x
PEG
0.08x
P/S
1.12x
P/B
1.17x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$1.03
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 17.1x earnings, MCON.L trades at a reasonable valuation. Graham's intrinsic value formula yields $1.03 per share, 7151% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.688
NI / EBT
×
Interest Burden
0.877
EBT / EBIT
×
EBIT Margin
0.080
EBIT / Rev
×
Asset Turnover
1.422
Rev / Assets
×
Equity Multiplier
1.430
Assets / Equity
=
ROE
9.8%
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. MCON.L's ROE of 9.8% is driven by Asset Turnover (1.422), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
$0.57
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 MCON.L's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. MCON.L trades at a premium to its adjusted intrinsic value of $0.57, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 17.1x.

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
$74.50
Median 1Y
$70.87
5th Pctile
$48.54
95th Pctile
$103.51
Ann. Volatility
24.3%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

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

Profitability
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
ROE 17.2% 18.4% 18.9% 20.5% 21.4% 16.3% 22.3% 21.9% 21.4% 25.7% 21.4% 18.8% 18.6% 17.4% 13.1% 9.7% 6.0% 4.0% 4.8% 9.8% 9.78%
ROA 14.5% 15.5% 15.6% 16.4% 17.2% 12.7% 17.5% 16.2% 16.1% 18.6% 15.4% 13.0% 13.2% 12.1% 9.1% 6.6% 4.2% 2.8% 3.4% 6.8% 6.84%
ROIC 23.9% 25.7% 24.4% 22.5% 22.2% 18.8% 21.8% 20.4% 20.6% 21.0% 18.9% 15.3% 15.5% 15.2% 13.3% 11.2% 8.6% 6.8% 7.4% 10.6% 10.65%
ROCE 17.9% 20.5% 20.7% 23.2% 23.7% 19.6% 21.7% 20.7% 21.4% 22.7% 20.9% 17.5% 15.1% 13.0% 9.9% 7.8% 8.9% 9.6% 10.9% 14.0% 13.97%
Gross Margin 39.2% 39.1% 38.6% 39.4% 36.6% 31.4% 38.8% 36.3% 34.1% 34.2% 33.4% 31.8% 30.2% 30.0% 24.2% 25.5% 30.0% 29.7% 30.0% 28.7% 28.75%
Operating Margin 13.2% 14.5% 14.4% 14.5% 13.3% 7.3% 16.5% 13.3% 14.8% 11.2% 13.7% 10.4% 13.0% 9.6% 5.9% 0.4% 9.6% 5.5% 9.3% 7.6% 7.65%
Net Margin 13.0% 10.8% 10.0% 11.0% 12.0% -0.2% 19.5% 9.6% 12.3% 9.5% 10.7% 7.7% 9.6% 6.1% 3.4% -1.4% 3.6% 2.3% 5.1% 7.7% 7.71%
EBITDA Margin 16.3% 17.4% 17.7% 17.9% 16.6% 11.5% 18.6% 18.2% 17.1% 16.6% 15.9% 15.0% 17.8% 15.0% 8.5% 6.5% 12.2% 10.7% 14.9% 12.7% 12.69%
FCF Margin 5.2% 6.6% 3.7% 2.2% -2.3% -4.1% -2.0% 2.0% 6.6% 7.3% 5.7% 2.6% 1.4% 0.7% 4.3% 5.0% 4.2% 5.5% 2.2% 3.4% 3.38%
OCF Margin 10.0% 12.3% 10.0% 9.1% 6.1% 4.2% 6.5% 9.9% 12.6% 12.6% 11.1% 7.6% 6.9% 6.6% 10.5% 10.8% 8.9% 9.3% 4.5% 5.6% 5.61%
ROE 3Y Avg snapshot only 12.22%
ROE 5Y Avg snapshot only 15.31%
ROA 3Y Avg snapshot only 8.41%
ROIC 3Y Avg snapshot only 10.09%
ROIC Economic snapshot only 10.25%
Cash ROA snapshot only 7.87%
Cash ROIC snapshot only 10.21%
CROIC snapshot only 6.15%
NOPAT Margin snapshot only 5.85%
Pretax Margin snapshot only 7.00%
R&D / Revenue snapshot only 1.29%
SGA / Revenue snapshot only 15.31%
SBC / Revenue snapshot only 0.03%
Valuation
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 17.134
P/S Ratio — — — — — — — — — — — — — — — — — — — — 1.118
P/B Ratio — — — — — — — — — — — — — — — — — — — — 1.170
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.080
Graham Number snapshot only $1.03
Leverage & Solvency
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Current Ratio 8.35 6.43 5.97 3.64 3.72 3.89 4.22 3.61 3.92 3.50 3.40 3.16 3.28 3.31 3.55 3.37 3.68 3.11 3.32 3.13 3.134
Quick Ratio 5.10 4.07 3.69 1.72 1.56 1.86 1.99 1.59 1.73 1.46 1.56 1.37 1.34 1.41 1.51 1.42 1.57 1.29 1.33 1.23 1.231
Debt/Equity 0.02 0.01 0.02 0.02 0.06 0.10 0.12 0.18 0.16 0.19 0.24 0.25 0.27 0.29 0.26 0.25 0.25 0.24 0.23 0.19 0.186
Net Debt/Equity -0.33 -0.31 -0.24 -0.09 -0.01 -0.02 -0.01 0.06 0.03 0.10 0.11 0.15 0.17 0.20 0.13 0.15 0.15 0.16 0.15 0.10 0.103
Debt/Assets 0.02 0.01 0.02 0.01 0.05 0.07 0.09 0.13 0.12 0.14 0.17 0.17 0.19 0.19 0.18 0.18 0.18 0.17 0.16 0.13 0.130
Debt/EBITDA 0.07 0.05 0.07 0.05 0.19 0.33 0.38 0.57 0.52 0.56 0.74 0.90 0.91 0.94 0.97 1.01 1.17 1.23 1.02 0.73 0.735
Net Debt/EBITDA -1.40 -1.18 -0.88 -0.29 -0.02 -0.06 -0.04 0.18 0.11 0.31 0.33 0.53 0.56 0.67 0.48 0.60 0.70 0.83 0.67 0.41 0.405
Interest Coverage — — — — — — — — — — — 51.68 18.82 9.16 4.62 3.06 3.24 3.30 4.17 6.09 6.086
Equity Multiplier 1.19 1.17 1.22 1.29 1.30 1.38 1.33 1.41 1.35 1.38 1.45 1.48 1.46 1.48 1.42 1.43 1.39 1.41 1.38 1.43 1.430
Cash Ratio snapshot only 0.295
Debt Service Coverage snapshot only 9.633
Cash to Debt snapshot only 0.448
FCF to Debt snapshot only 0.364
Defensive Interval snapshot only 237.4 days
Efficiency & Turnover
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Asset Turnover 1.24 1.32 1.40 1.48 1.56 1.57 1.63 1.56 1.54 1.47 1.47 1.28 1.38 1.41 1.36 1.40 1.38 1.36 1.38 1.42 1.422
Inventory Turnover 2.75 3.02 3.29 3.03 3.13 3.58 3.81 3.30 3.21 3.10 3.22 2.69 2.91 3.00 3.12 3.12 3.02 2.97 2.95 2.87 2.873
Receivables Turnover 10.36 9.86 11.35 10.75 11.58 11.14 12.74 11.74 12.27 11.37 12.07 9.91 27.00 11.11 12.48 11.33 24.52 10.38 12.47 11.16 11.161
Payables Turnover 16.90 16.99 14.50 12.07 14.27 15.29 16.50 13.09 14.62 13.38 13.55 11.34 15.21 14.72 15.84 14.16 18.48 16.24 19.54 14.71 14.714
DSO 35 37 32 34 32 33 29 31 30 32 30 37 14 33 29 32 15 35 29 33 32.7 days
DIO 133 121 111 121 117 102 96 111 114 118 113 136 125 122 117 117 121 123 124 127 127.0 days
DPO 22 21 25 30 26 24 22 28 25 27 27 32 24 25 23 26 20 22 19 25 24.8 days
Cash Conversion Cycle 146 137 118 124 122 111 102 114 118 123 117 140 115 130 123 124 116 136 134 135 134.9 days
Fixed Asset Turnover snapshot only 7.276
Operating Cycle snapshot only 159.7 days
Cash Velocity snapshot only 24.042
Capital Intensity snapshot only 0.712
Growth (YoY)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 84.6% 43.3% 39.0% 40.1% 46.8% 41.9% 39.1% 29.8% 18.0% 14.3% 13.6% 3.5% 10.2% 12.3% 6.3% 19.7% 7.6% 0.5% 0.5% 1.0% 1.04%
Net Income 27.1% 10.0% 12.9% 27.2% 37.5% -1.6% 34.0% 21.5% 12.2% 78.7% 11.3% 1.7% 0.3% -23.8% -32.4% -44.3% -65.4% -76.0% -62.6% 2.4% 2.39%
EPS 24.8% 9.2% 12.0% 25.7% 36.5% -2.0% 34.1% 19.5% 10.4% 74.2% 8.2% 0.8% 2.2% -22.6% -30.6% -42.7% -66.0% -76.6% -63.8% -2.9% -2.85%
FCF 17.1% 1.1% -20.6% -34.9% -1.7% -1.9% -1.8% 16.1% 4.4% 3.0% 4.3% 34.8% -76.5% -89.2% -21.2% 1.3% 2.2% 6.8% -48.5% -31.1% -31.08%
EBITDA 21.7% 5.0% 17.0% 32.8% 49.1% 31.1% 32.0% 21.8% 11.8% 27.2% 18.7% 2.9% 10.6% 2.6% -11.2% -9.1% -30.1% -40.3% -20.3% 3.7% 3.67%
Op. Income 16.0% 2.7% 16.0% 32.9% 49.4% 23.6% 29.0% 15.9% 9.0% 29.7% 16.4% 3.5% 3.6% -4.7% -21.7% -28.2% -42.2% -53.1% -34.5% 6.5% 6.55%
OCF Growth snapshot only -47.63%
Asset Growth snapshot only 2.55%
Equity Growth snapshot only 2.57%
Debt Growth snapshot only -24.57%
Shares Change snapshot only 5.40%
Dividend Growth snapshot only -16.87%
Growth (CAGR)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 3Y — — — — — — 1.1% 73.2% 47.3% 32.5% 30.0% 23.4% 24.0% 22.2% 18.9% 17.1% 11.8% 8.9% 6.7% 7.8% 7.77%
Revenue 5Y — — — — — — — — — — — — — — 63.7% 45.1% 30.5% 21.3% 18.6% 17.9% 17.87%
EPS 3Y — — — — — — 64.6% 41.5% 23.4% 23.1% 17.6% 14.9% 15.5% 9.7% 0.2% -11.6% -27.3% -31.9% -35.2% -17.5% -17.53%
EPS 5Y — — — — — — — — — — — — — — 27.3% 10.4% -8.1% -19.5% -16.4% -3.4% -3.36%
Net Income 3Y — — — — — — 80.4% 43.6% 25.1% 24.6% 19.0% 16.3% 15.7% 10.3% 0.3% -11.7% -27.0% -31.1% -34.5% -16.6% -16.59%
Net Income 5Y — — — — — — — — — — — — — — 34.6% 10.9% -7.4% -18.8% -15.7% -2.2% -2.16%
EBITDA 3Y — — — — — — 71.1% 43.3% 26.6% 20.5% 22.4% 18.5% 22.6% 19.6% 11.7% 4.4% -4.8% -8.0% -5.6% -1.0% -1.02%
EBITDA 5Y — — — — — — — — — — — — — — 39.5% 22.5% 9.4% 1.4% 5.4% 9.4% 9.42%
Gross Profit 3Y — — — — — — 95.6% 57.8% 36.2% 24.1% 22.2% 15.9% 15.3% 12.8% 7.1% 4.4% 0.1% -0.9% -1.4% 1.1% 1.09%
Gross Profit 5Y — — — — — — — — — — — — — — 48.1% 30.3% 18.6% 10.6% 10.3% 10.7% 10.71%
Op. Income 3Y — — — — — — 66.1% 38.4% 23.6% 18.1% 20.3% 16.8% 19.1% 15.2% 5.5% -4.9% -13.2% -16.6% -15.8% -7.5% -7.49%
Op. Income 5Y — — — — — — — — — — — — — — 33.1% 14.5% 2.5% -6.0% -2.2% 4.0% 4.04%
FCF 3Y — — — — — — — 18.5% 37.0% 55.3% 25.0% 0.6% -19.7% -42.1% 24.6% 52.7% — — — 28.3% 28.34%
FCF 5Y — — — — — — — — — — — — — — 25.0% 38.5% 14.3% 26.0% -4.6% 9.8% 9.81%
OCF 3Y — — — — — — 52.8% 77.0% 51.4% 56.4% 35.8% 16.4% 9.6% -0.9% 20.8% 24.0% 26.4% 42.4% -5.7% -10.7% -10.72%
OCF 5Y — — — — — — — — — — — — — — 47.3% 49.8% 23.8% 26.2% 1.5% 7.0% 6.99%
Assets 3Y — — — — — — 20.4% 21.6% 16.8% 16.5% 21.1% 23.7% 21.8% 22.5% 18.7% 15.6% 11.9% 7.1% 7.5% 7.4% 7.40%
Assets 5Y — — — — — — — — — — — — — — 18.2% 16.8% 13.4% 11.5% 11.9% 13.4% 13.39%
Equity 3Y — — — — — — 13.6% 12.3% 11.8% 11.5% 13.9% 15.3% 13.6% 13.4% 12.8% 11.7% 9.6% 6.5% 6.0% 6.9% 6.89%
Book Value 3Y — — — — — — 3.6% 10.8% 10.3% 10.2% 12.6% 13.9% 13.4% 12.8% 12.8% 11.8% 9.1% 5.3% 4.8% 5.7% 5.69%
Dividend 3Y — — — — — — -7.2% -9.3% -9.6% -0.6% -0.9% 17.4% 18.7% -0.4% -0.1% -7.0% -11.7% -5.5% -5.4% -5.4% -5.38%
Growth Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue Stability — — 0.96 0.98 1.00 0.99 0.98 0.99 0.99 0.98 0.98 0.93 0.95 0.96 0.94 0.95 0.94 0.92 0.88 0.93 0.929
Earnings Stability — — 0.86 0.98 0.98 0.60 0.92 0.98 0.98 0.67 0.92 0.92 0.91 0.52 0.54 0.24 0.00 0.02 0.11 0.08 0.081
Margin Stability — — 0.90 0.90 0.92 0.91 0.89 0.88 0.90 0.91 0.92 0.92 0.90 0.90 0.82 0.80 0.82 0.83 0.84 0.85 0.848
Rev. Growth Consistency 0.50 0.50 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
Earn. Growth Consistency 0.50 0.50 1.00 1.00 1.00 0.00 1.00 1.00 1.00 0.50 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.500
FCF Positive Streak 1 1 1 1 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — 0.95 0.89 0.85 0.99 0.86 0.91 0.95 0.50 0.95 0.99 1.00 0.90 0.87 0.82 0.50 0.50 0.50 0.99 0.990
Earnings Smoothness 0.76 0.90 0.88 0.76 0.68 0.98 0.71 0.81 0.89 0.44 0.89 0.98 1.00 0.73 0.61 0.43 0.03 0.00 0.09 0.98 0.976
ROE Trend — — 0.07 0.06 0.05 -0.02 0.03 0.02 0.02 0.08 0.01 -0.03 -0.03 -0.03 -0.08 -0.09 -0.13 -0.16 -0.11 -0.04 -0.038
Gross Margin Trend — — -0.05 -0.05 -0.04 -0.05 -0.04 -0.04 -0.04 -0.02 -0.04 -0.04 -0.04 -0.05 -0.07 -0.07 -0.06 -0.06 -0.03 -0.01 -0.010
FCF Margin Trend — — -0.08 -0.03 -0.09 -0.10 -0.07 -0.02 0.05 0.06 0.05 0.00 -0.01 -0.01 0.02 0.03 0.00 0.01 -0.03 -0.00 -0.004
Sustainable Growth Rate 8.8% 10.2% 10.7% 12.3% 13.6% 8.6% 14.7% 16.3% 16.0% 18.8% 14.8% 10.9% 10.8% 11.2% 7.1% 3.8% 0.9% -1.2% -0.3% 4.7% 4.71%
Internal Growth Rate 8.0% 9.3% 9.6% 11.0% 12.3% 7.2% 13.0% 13.7% 13.7% 15.7% 11.9% 8.2% 8.3% 8.5% 5.2% 2.7% 0.7% — — 3.4% 3.40%
Cash Flow Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
OCF/Net Income 0.85 1.06 0.89 0.82 0.56 0.51 0.60 0.95 1.20 0.99 1.06 0.75 0.72 0.77 1.56 2.28 2.90 4.55 1.80 1.17 1.165
FCF/OCF 0.52 0.53 0.37 0.25 -0.38 -0.98 -0.31 0.20 0.52 0.58 0.52 0.34 0.20 0.11 0.41 0.46 0.47 0.58 0.49 0.60 0.603
FCF/Net Income snapshot only 0.702
OCF/EBITDA snapshot only 0.444
CapEx/Revenue 4.8% 5.8% 6.3% 6.9% 8.5% 8.3% 8.5% 7.9% 6.0% 5.3% 5.4% 5.0% 5.5% 5.9% 6.2% 5.9% 4.7% 3.9% 2.3% 2.2% 2.23%
CapEx/Depreciation snapshot only 0.481
Accruals Ratio 0.02 -0.01 0.02 0.03 0.08 0.06 0.07 0.01 -0.03 0.00 -0.01 0.03 0.04 0.03 -0.05 -0.08 -0.08 -0.10 -0.03 -0.01 -0.011
Sloan Accruals snapshot only -0.021
Cash Flow Adequacy snapshot only 1.187
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 2.46%
Dividend/Share $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.03 $0.03 $0.04 $0.04 $0.05 $0.05 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.03 $0.02
Payout Ratio 48.9% 44.9% 43.6% 39.9% 36.5% 47.3% 34.2% 25.5% 25.0% 27.0% 30.9% 42.1% 41.9% 35.4% 45.7% 60.6% 84.5% 1.3% 1.1% 51.9% 51.87%
FCF Payout Ratio 1.1% 79.6% 1.3% 2.0% — — — 1.3% 39.8% 47.0% 56.6% 1.6% 2.8% 4.3% 71.8% 58.1% 61.6% 48.5% 1.2% 73.9% 73.85%
Total Payout Ratio 48.9% 44.9% 43.6% 39.9% 36.5% 47.3% 34.2% 25.5% 25.0% 27.0% 30.9% 42.1% 41.9% 35.4% 45.7% 60.6% 84.5% 1.3% 1.1% 51.9% 51.87%
Div. Increase Streak 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Tax Burden (NI/EBT) 0.82 0.82 0.81 0.80 0.82 0.78 0.85 0.86 0.85 0.87 0.83 0.81 0.81 0.81 0.82 0.83 0.64 0.65 0.61 0.69 0.688
Interest Burden (EBT/EBIT) 1.03 1.01 0.99 0.98 0.95 0.85 0.98 0.95 0.94 1.05 0.96 1.01 1.17 1.27 1.31 1.26 0.90 0.58 0.65 0.88 0.877
EBIT Margin 0.14 0.14 0.14 0.14 0.14 0.12 0.13 0.13 0.13 0.14 0.13 0.12 0.10 0.08 0.06 0.05 0.05 0.05 0.06 0.08 0.080
Asset Turnover 1.24 1.32 1.40 1.48 1.56 1.57 1.63 1.56 1.54 1.47 1.47 1.28 1.38 1.41 1.36 1.40 1.38 1.36 1.38 1.42 1.422
Equity Multiplier 1.18 1.19 1.21 1.25 1.25 1.28 1.28 1.35 1.33 1.38 1.39 1.45 1.41 1.43 1.43 1.45 1.43 1.44 1.40 1.43 1.430
Per Share
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
EPS (Diluted TTM) $0.08 $0.09 $0.09 $0.10 $0.11 $0.09 $0.12 $0.12 $0.12 $0.15 $0.13 $0.12 $0.13 $0.12 $0.09 $0.07 $0.04 $0.03 $0.03 $0.07 $0.07
Book Value/Share $0.50 $0.50 $0.51 $0.51 $0.54 $0.57 $0.59 $0.59 $0.61 $0.62 $0.66 $0.70 $0.72 $0.71 $0.73 $0.72 $0.70 $0.66 $0.68 $0.70 $0.73
Tangible Book/Share $0.43 $0.42 $0.39 $0.37 $0.40 $0.42 $0.44 $0.42 $0.44 $0.44 $0.48 $0.51 $0.54 $0.53 $0.53 $0.53 $0.52 $0.49 $0.50 $0.53 $0.53
Revenue/Share $0.69 $0.76 $0.82 $0.91 $1.01 $1.07 $1.14 $1.16 $1.17 $1.19 $1.26 $1.19 $1.32 $1.36 $1.37 $1.46 $1.39 $1.34 $1.34 $1.40 $0.76
FCF/Share $0.04 $0.05 $0.03 $0.02 $-0.02 $-0.04 $-0.02 $0.02 $0.08 $0.09 $0.07 $0.03 $0.02 $0.01 $0.06 $0.07 $0.06 $0.07 $0.03 $0.05 $0.04
OCF/Share $0.07 $0.09 $0.08 $0.08 $0.06 $0.04 $0.07 $0.11 $0.15 $0.15 $0.14 $0.09 $0.09 $0.09 $0.14 $0.16 $0.12 $0.12 $0.06 $0.08 $0.06
Cash/Share $0.17 $0.16 $0.13 $0.05 $0.04 $0.06 $0.08 $0.07 $0.08 $0.05 $0.09 $0.07 $0.08 $0.06 $0.10 $0.07 $0.07 $0.05 $0.05 $0.06 $0.06
EBITDA/Share $0.12 $0.13 $0.14 $0.16 $0.18 $0.17 $0.18 $0.19 $0.19 $0.21 $0.21 $0.19 $0.22 $0.22 $0.19 $0.18 $0.15 $0.13 $0.15 $0.18 $0.18
Debt/Share $0.01 $0.01 $0.01 $0.01 $0.03 $0.06 $0.07 $0.11 $0.10 $0.12 $0.16 $0.17 $0.20 $0.20 $0.19 $0.18 $0.17 $0.16 $0.15 $0.13 $0.13
Net Debt/Share $-0.17 $-0.15 $-0.12 $-0.05 $-0.00 $-0.01 $-0.01 $0.03 $0.02 $0.06 $0.07 $0.10 $0.12 $0.15 $0.09 $0.11 $0.10 $0.11 $0.10 $0.07 $0.07
Academic Models
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 5 6 5 5 4 3 6 4 6 5 4 2 3 4 6 6 6 5 6 6 6
Beneish M-Score -1.97 -2.09 -1.73 -1.58 -1.37 -1.59 -1.95 -2.12 -2.54 -2.46 -2.14 -3.37 -2.83 -2.05 -2.60 -2.44 447.60 -3.13 -2.52 -2.45 -2.453
Ohlson O-Score snapshot only -8.558
ROIC (Greenblatt) snapshot only 18.19%
Net-Net WC snapshot only $0.32
EVA snapshot only $1118274.32
Credit
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Credit Rating snapshot only A-
Credit Score 72.18 71.46 72.03 72.13 68.28 68.27 69.53 73.90 74.25 72.56 72.40 72.52 71.60 65.06 62.92 60.82 61.53 61.62 57.48 66.86 66.864
Credit Grade snapshot only 7
Credit Trend snapshot only 6.047
Implied Spread (bps) snapshot only 175.000
Industry Credit Rank snapshot only 40
Sector Credit Rank snapshot only 62

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