€0.06 ($0.07)

+0.00 (+1.41%)

Weekly Expected Move ±12.5%

€0 €0 €0 €0 €0

PAR · Technology · Electronic Gaming & Multimedia · Tech Score Sell · Power 48 · €7.1M mcap · 44M float · 0.446% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Financial Rating

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

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NACON.PA receives an overall rating of C. Strongest factors: ROE (5/5). Areas of concern: DCF (1/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-04-07	None	ADDED
2026-04-07	EXISTED	None
2026-03-04	None	ADDED
2026-02-24	EXISTED	None
2026-02-18	D+	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.

★ ★ ★ ★ ★ 26 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. NACON.PA scores highest in Cash Flow (74/100) and lowest in Value (15/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

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

Altman Z-Score

1.61

Distress Zone

Piotroski F-Score

3/9

✗ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-17.02

Unlikely Manipulator

Ohlson O-Score

4.37

Bankruptcy prob: 98.7%

High Risk

Credit Rating

B-

Score: 20.0/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -0.37x

Accruals: -155.4%

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. NACON.PA scores 1.61, 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. NACON.PA scores 3/9, 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. NACON.PA's score of -17.02 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. NACON.PA's implied 98.7% bankruptcy probability signals significant financial distress. 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. NACON.PA receives an estimated rating of B- (score: 20.0/100), 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

-0.02x

PEG

0.00x

P/S

0.04x

P/B

-0.09x

P/FCF

0.09x

P/OCF

0.09x

EV/EBITDA

0.90x

EV/Revenue

0.39x

EV/EBIT

5.03x

EV/FCF

0.94x

Earnings Yield

-2897.06%

FCF Yield

1074.74%

Shareholder Yield

0.69%

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

DuPont Decomposition (5-Factor)

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

Tax Burden

1.023

NI / EBT

Interest Burden

-14.172

EBT / EBIT

EBIT Margin

0.077

EBIT / Rev

Asset Turnover

1.023

Rev / Assets

Equity Multiplier

3.527

Assets / Equity

ROE

-400.5%

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. NACON.PA's ROE of -400.5% is driven by financial leverage (equity multiplier: 3.53x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.02 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 1660 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$0.06

Median 1Y

$0.03

5th Pctile

$0.01

95th Pctile

$0.08

Ann. Volatility

69.7%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

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

Profitability

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
ROE	4.7%	9.3%	12.9%	14.1%	13.6%	12.3%	10.0%	9.5%	12.3%	9.1%	6.1%	5.8%	-4.0%	-4.01%
ROA	2.9%	5.7%	8.5%	8.9%	7.9%	6.8%	5.7%	5.4%	6.8%	4.9%	3.2%	3.1%	-1.1%	-1.14%
ROIC	5.7%	12.3%	16.1%	15.0%	10.3%	7.4%	6.1%	3.5%	5.8%	3.2%	2.5%	5.2%	57.6%	57.56%
ROCE	4.7%	10.2%	15.3%	15.8%	12.2%	10.0%	7.9%	7.9%	9.8%	7.5%	5.7%	6.1%	-36.4%	-36.45%
Gross Margin	29.5%	26.2%	26.6%	22.4%	21.1%	29.6%	16.5%	7.7%	60.1%	15.2%	10.8%	69.7%	23.8%	23.77%
Operating Margin	15.9%	16.1%	14.9%	6.2%	11.7%	12.9%	4.6%	-11.9%	17.2%	-1.3%	1.3%	5.4%	23.8%	23.77%
Net Margin	13.4%	11.1%	9.5%	5.2%	7.5%	10.9%	5.5%	4.8%	14.3%	2.8%	-3.9%	3.2%	-4.4%	-4.43%
EBITDA Margin	36.6%	33.0%	29.1%	23.9%	26.7%	31.5%	28.3%	42.9%	41.5%	37.2%	35.7%	36.9%	61.4%	61.39%
FCF Margin	-18.2%	-2.8%	-5.0%	-7.2%	-8.2%	-16.4%	-19.8%	-22.3%	-1.8%	8.9%	25.6%	38.2%	41.2%	41.18%
OCF Margin	7.6%	25.4%	24.5%	24.3%	25.8%	21.1%	24.8%	27.6%	35.5%	36.1%	37.2%	37.5%	40.9%	40.87%
ROA 3Y Avg	snapshot only													-69.88%
ROIC 3Y Avg	snapshot only													23.43%
ROIC Economic	snapshot only													40.27%
Cash ROA	snapshot only													82.03%
Cash ROIC	snapshot only													4.08%
CROIC	snapshot only													4.12%
NOPAT Margin	snapshot only													5.76%
Pretax Margin	snapshot only													-1.09%
R&D / Revenue	snapshot only													0.20%
SGA / Revenue	snapshot only													26.55%
SBC / Revenue	snapshot only													0.92%

Valuation

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
P/E Ratio	42.80	31.07	23.24	13.28	16.66	13.37	8.31	5.82	3.86	4.17	3.97	5.07	-0.03	-0.020
P/S Ratio	5.72	3.75	2.58	1.29	1.41	1.12	0.61	0.42	0.36	0.31	0.19	0.23	0.04	0.044
P/B Ratio	2.00	2.87	2.99	1.87	2.06	1.50	0.78	0.52	0.44	0.35	0.23	0.28	-0.15	-0.087
P/FCF	-31.45	-136.41	-51.52	-17.99	-17.16	-6.82	-3.06	-1.89	-20.53	3.47	0.75	0.59	0.09	0.093
P/OCF	75.57	14.79	10.55	5.32	5.46	5.29	2.44	1.52	1.02	0.86	0.51	0.60	0.09	0.094
EV/EBITDA	13.99	9.97	7.47	4.16	5.63	5.45	3.60	2.67	1.99	1.88	1.36	1.51	0.90	0.901
EV/Revenue	5.13	3.44	2.43	1.27	1.60	1.52	0.99	0.85	0.72	0.71	0.53	0.57	0.39	0.386
EV/EBIT	30.09	20.92	15.34	9.33	12.91	13.24	10.71	9.36	6.57	7.83	8.17	8.76	5.03	5.034
EV/FCF	-28.17	-125.24	-48.47	-17.65	-19.46	-9.29	-5.02	-3.82	-40.97	7.90	2.08	1.50	0.94	0.936
Earnings Yield	2.3%	3.2%	4.3%	7.5%	6.0%	7.5%	12.0%	17.2%	25.9%	24.0%	25.2%	19.7%	-29.0%	-28.97%
FCF Yield	-3.2%	-0.7%	-1.9%	-5.6%	-5.8%	-14.7%	-32.7%	-52.9%	-4.9%	28.8%	1.3%	1.7%	10.7%	10.75%
PEG Ratio	snapshot only													0.000
EV/OCF	snapshot only													0.944
EV/Gross Profit	snapshot only													1.326
Acquirers Multiple	snapshot only													5.290
Shareholder Yield	snapshot only													0.69%

Leverage & Solvency

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Current Ratio	3.29	2.72	2.79	2.04	2.35	1.47	1.24	0.96	0.92	0.98	0.93	0.77	0.45	0.451
Quick Ratio	2.82	2.37	2.41	1.54	1.90	0.94	0.93	0.68	0.69	0.73	0.74	0.58	0.35	0.355
Debt/Equity	0.38	0.35	0.28	0.25	0.63	0.70	0.70	0.61	0.54	0.50	0.50	0.48	-1.66	-1.659
Net Debt/Equity	-0.21	-0.24	-0.18	-0.03	0.28	0.54	0.50	0.53	0.44	0.44	0.40	0.42	—	—
Debt/Assets	0.24	0.21	0.19	0.16	0.35	0.36	0.35	0.32	0.30	0.29	0.28	0.26	0.82	0.824
Debt/EBITDA	2.98	1.31	0.75	0.57	1.53	1.87	1.96	1.55	1.22	1.20	1.09	1.04	0.96	0.959
Net Debt/EBITDA	-1.63	-0.89	-0.47	-0.08	0.66	1.45	1.41	1.35	0.99	1.05	0.87	0.91	0.81	0.812
Interest Coverage	22.99	26.24	23.74	20.31	18.77	15.25	9.57	6.17	5.79	3.65	2.35	2.30	2.46	2.460
Equity Multiplier	1.59	1.62	1.51	1.59	1.80	1.97	1.99	1.89	1.82	1.75	1.80	1.82	-2.01	-2.015
Cash Ratio	snapshot only													0.089
Debt Service Coverage	snapshot only													13.743
Cash to Debt	snapshot only													0.153
FCF to Debt	snapshot only													1.004
Defensive Interval	snapshot only													42.2 days

Efficiency & Turnover

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Asset Turnover	0.22	0.47	0.77	0.91	0.94	0.81	0.78	0.75	0.73	0.66	0.67	0.70	1.02	1.023
Inventory Turnover	1.66	4.16	7.07	6.04	8.31	6.07	8.03	6.88	7.42	5.60	8.23	6.81	9.40	9.402
Receivables Turnover	1.66	3.02	5.18	7.53	8.62	6.93	6.93	7.33	8.45	7.14	8.30	8.98	9.03	9.032
Payables Turnover	2.37	3.25	8.36	7.77	13.55	7.30	9.79	7.94	8.26	6.13	7.24	5.24	12.91	12.909
DSO	220	121	70	48	42	53	53	50	43	51	44	41	40	40.4 days
DIO	220	88	52	60	44	60	45	53	49	65	44	54	39	38.8 days
DPO	154	112	44	47	27	50	37	46	44	60	50	70	28	28.3 days
Cash Conversion Cycle	286	96	78	62	59	63	61	57	48	57	38	25	51	51.0 days
Operating Cycle	snapshot only													79.2 days
Cash Velocity	snapshot only													15.883
Capital Intensity	snapshot only													0.498

Growth (YoY)

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue	—	—	—	—	4.1%	1.1%	28.1%	-3.1%	-3.0%	-0.4%	7.6%	12.8%	1.6%	1.57%
Net Income	—	—	—	—	2.2%	47.3%	-16.1%	-28.0%	7.2%	-11.3%	-28.8%	-30.5%	-13.0%	-13.05%
EPS	—	—	—	—	2.2%	42.9%	-16.8%	-31.9%	1.0%	-31.1%	-42.3%	-40.2%	-11.2%	-11.17%
FCF	—	—	—	—	-1.3%	-11.7%	-4.1%	-2.0%	79.2%	1.5%	2.4%	2.9%	24.7%	24.75%
EBITDA	—	—	—	—	2.9%	71.9%	8.7%	1.1%	23.7%	34.1%	52.8%	34.4%	20.1%	20.11%
Op. Income	—	—	—	—	3.0%	55.1%	-26.7%	-64.1%	-45.5%	-69.0%	-66.8%	41.2%	5.3%	5.26%
OCF Growth	snapshot only													16.87%
Asset Growth	snapshot only													-65.80%
Equity Growth	snapshot only													-1.31%
Debt Growth	snapshot only													-5.53%
Shares Change	snapshot only													18.45%

Growth (CAGR)

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	71.0%	71.03%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	80.1%	80.14%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	70.2%	70.23%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	32.0%	31.97%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.0%	2.00%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-18.2%	-18.22%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.72	0.74	0.93	0.52	0.58	0.584
Earnings Stability	—	—	—	—	—	—	—	—	0.82	0.41	0.99	1.00	0.56	0.555
Margin Stability	—	—	—	—	—	—	—	—	0.87	0.94	0.90	0.64	0.89	0.894
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	1.00	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
Earnings Persistence	—	—	—	—	—	—	—	—	0.97	0.95	0.88	0.88	0.20	0.200
Earnings Smoothness	—	—	—	—	0.00	0.62	0.83	0.67	0.93	0.88	0.66	0.64	—	—
ROE Trend	—	—	—	—	—	—	—	—	0.03	-0.02	-0.05	-0.06	—	—
Gross Margin Trend	—	—	—	—	—	—	—	—	0.04	0.02	0.01	0.17	0.01	0.013
FCF Margin Trend	—	—	—	—	—	—	—	—	0.11	0.19	0.38	0.53	0.46	0.462
Sustainable Growth Rate	4.7%	9.3%	12.9%	14.1%	13.6%	12.3%	10.0%	9.5%	12.3%	9.1%	6.1%	5.8%	—	—
Internal Growth Rate	3.0%	6.0%	9.3%	9.7%	8.6%	7.3%	6.0%	5.7%	7.3%	5.2%	3.4%	3.2%	—	—

Cash Flow Quality

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
OCF/Net Income	0.57	2.10	2.20	2.50	3.05	2.53	3.41	3.82	3.79	4.85	7.71	8.40	-0.37	-0.368
FCF/OCF	-2.40	-0.11	-0.20	-0.30	-0.32	-0.78	-0.80	-0.81	-0.05	0.25	0.69	1.02	1.01	1.008
FCF/Net Income	snapshot only													-0.371
OCF/EBITDA	snapshot only													0.955
CapEx/Revenue	25.8%	28.1%	29.5%	31.5%	34.1%	37.5%	44.6%	49.9%	38.0%	27.8%	13.0%	0.6%	0.4%	0.40%
CapEx/Depreciation	snapshot only													0.011
Accruals Ratio	0.01	-0.06	-0.10	-0.13	-0.16	-0.10	-0.14	-0.15	-0.19	-0.19	-0.22	-0.23	-1.55	-1.554
Sloan Accruals	snapshot only													-0.743
Cash Flow Adequacy	snapshot only													101.944

Dividends & Buybacks

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	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
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	0.0%	0.6%	0.1%	0.4%	0.4%	0.0%	1.1%	0.9%	0.7%	1.0%	1.0%	0.8%	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.2%	0.3%	0.2%	0.2%	0.7%	0.69%
Net Buyback Yield	-27.4%	-18.0%	-16.4%	-25.1%	0.0%	-0.0%	0.1%	0.1%	0.2%	-8.4%	-13.3%	-11.1%	-69.3%	-69.29%
Total Shareholder Return	-27.4%	-18.0%	-16.4%	-25.1%	0.0%	-0.0%	0.1%	0.1%	0.2%	-8.4%	-13.3%	-11.1%	-69.3%	-69.29%

DuPont Factors

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Tax Burden (NI/EBT)	0.82	0.77	0.74	0.75	0.72	0.73	0.80	0.88	0.98	1.15	1.42	1.33	1.02	1.023
Interest Burden (EBT/EBIT)	0.96	0.95	0.95	0.96	0.95	1.00	0.98	0.91	0.87	0.72	0.52	0.51	-14.17	-14.172
EBIT Margin	0.17	0.16	0.16	0.14	0.12	0.11	0.09	0.09	0.11	0.09	0.07	0.07	0.08	0.077
Asset Turnover	0.22	0.47	0.77	0.91	0.94	0.81	0.78	0.75	0.73	0.66	0.67	0.70	1.02	1.023
Equity Multiplier	1.59	1.62	1.51	1.59	1.71	1.81	1.77	1.75	1.81	1.85	1.89	1.86	3.53	3.527

Per Share

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
EPS (Diluted TTM)	$0.10	$0.21	$0.31	$0.35	$0.33	$0.30	$0.26	$0.24	$0.33	$0.21	$0.15	$0.14	$-3.34	$-3.34
Book Value/Share	$2.20	$2.30	$2.43	$2.49	$2.63	$2.71	$2.77	$2.68	$2.86	$2.51	$2.63	$2.62	$-0.74	$-0.74
Tangible Book/Share	$0.72	$0.73	$0.66	$-0.40	$-1.08	$-2.38	$-2.51	$-2.45	$-0.95	$-0.69	$1.26	$-0.91	$-0.74	$-0.74
Revenue/Share	$0.77	$1.76	$2.81	$3.60	$3.84	$3.64	$3.57	$3.30	$3.51	$2.81	$3.11	$3.20	$3.01	$1.47
FCF/Share	$-0.14	$-0.05	$-0.14	$-0.26	$-0.32	$-0.60	$-0.71	$-0.74	$-0.06	$0.25	$0.79	$1.22	$1.24	$0.72
OCF/Share	$0.06	$0.45	$0.69	$0.88	$0.99	$0.77	$0.89	$0.91	$1.25	$1.01	$1.16	$1.20	$1.23	$0.72
Cash/Share	$1.30	$1.34	$1.12	$0.71	$0.95	$0.43	$0.54	$0.21	$0.28	$0.15	$0.27	$0.15	$0.19	$0.19
EBITDA/Share	$0.28	$0.61	$0.91	$1.10	$1.09	$1.01	$0.98	$1.05	$1.27	$1.06	$1.22	$1.22	$1.29	$1.29
Debt/Share	$0.84	$0.80	$0.69	$0.62	$1.67	$1.90	$1.93	$1.63	$1.55	$1.26	$1.33	$1.26	$1.24	$1.24
Net Debt/Share	$-0.46	$-0.54	$-0.43	$-0.09	$0.72	$1.47	$1.39	$1.42	$1.26	$1.11	$1.06	$1.11	$1.05	$1.05

Academic Models

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	1.609
Altman Z-Prime	snapshot only													-4.031
Piotroski F-Score	3	4	4	4	5	6	4	3	5	4	5	6	3	3
Beneish M-Score	—	—	—	—	-2.58	-2.76	-2.34	-1.94	-3.71	-2.58	-3.52	-3.89	-17.02	-17.022
Ohlson O-Score	snapshot only													4.367
Net-Net WC	snapshot only													$-1.28
EVA	snapshot only													$15647090.00

Credit

Metric	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Credit Rating	snapshot only													B-
Credit Score	69.42	83.66	85.11	80.96	73.56	60.83	50.56	39.95	45.08	40.32	47.90	47.70	20.00	20.000
Credit Grade	snapshot only													16
Credit Trend	snapshot only													-25.080
Implied Spread (bps)	snapshot only													900.000
Industry Credit Rank	snapshot only													35
Sector Credit Rank	snapshot only													35

NACON.PA PAR

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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