Also trades as: NEXXY (OTC) · $vol 0M · NEXPF (OTC) · $vol 0M

€4.04 ($4.55)

-0.02 (-0.42%)

Weekly Expected Move ±2.8%

€4 €4 €4 €4 €4

MIL · Technology · Software - Infrastructure · Tech Score Sell · Power 34 · €4.7B mcap · 650M float · 1.52% 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.

C+

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. NEXI.MI receives an overall rating of C+. Strongest factors: DCF (4/5), P/B (5/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-07-01	B-	C+
2026-06-30	C+	B-
2026-06-29	B-	C+
2026-06-24	C+	B-
2026-06-23	B-	C+
2026-06-18	C+	B-
2026-06-18	B-	C+
2026-05-22	C+	B-
2026-04-07	None	ADDED
2026-04-07	EXISTED	None

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.

★ ★ ★ ★ ★ 22 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. NEXI.MI scores highest in Value (58/100) and lowest in Safety (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

0.93

Distress Zone

Piotroski F-Score

5/9

✗ ✓ ✗ ✓ ✗ ✓ ✓ ✗ ✓

Beneish M-Score

-4.00

Unlikely Manipulator

Ohlson O-Score

-6.69

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 29.2/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -0.59x

Accruals: -20.8%

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. NEXI.MI scores 0.93, 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. NEXI.MI scores 5/9, 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. NEXI.MI's score of -4.00 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. NEXI.MI's implied 0.1% 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. NEXI.MI receives an estimated rating of B (score: 29.2/100), 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

-1.48x

PEG

0.00x

P/S

0.75x

P/B

0.73x

P/FCF

3.74x

P/OCF

2.40x

EV/EBITDA

26.06x

EV/Revenue

0.44x

EV/EBIT

-4.16x

EV/FCF

4.30x

Earnings Yield

-70.30%

FCF Yield

26.75%

Shareholder Yield

19.48%

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. NEXI.MI 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

1.204

NI / EBT

Interest Burden

2.116

EBT / EBIT

EBIT Margin

-0.106

EBIT / Rev

Asset Turnover

0.486

Rev / Assets

Equity Multiplier

2.608

Assets / Equity

ROE

-34.1%

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. NEXI.MI's ROE of -34.1% is driven by Asset Turnover (0.486), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.20 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

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

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

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$4.05

Median 1Y

$3.35

5th Pctile

$1.76

95th Pctile

$6.35

Ann. Volatility

38.8%

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	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	4.7%	52.1%	51.1%	52.6%	55.9%	2.6%	3.4%	2.8%	2.5%	-7.3%	-5.6%	-4.4%	-4.0%	-31.4%	-34.1%	-34.12%
ROA	1.1%	13.0%	12.2%	13.0%	10.8%	1.2%	1.6%	1.2%	1.0%	-3.4%	-2.6%	-2.0%	-1.8%	-12.3%	-13.1%	-13.08%
ROIC	1.9%	4.2%	-0.5%	6.4%	8.6%	1.8%	1.9%	1.7%	1.4%	-2.0%	-2.6%	-1.4%	1.8%	21.9%	24.9%	24.91%
ROCE	1.3%	3.7%	5.1%	8.2%	5.5%	1.9%	2.5%	2.1%	2.7%	-1.7%	-2.1%	3.1%	5.4%	-7.1%	-6.4%	-6.40%
Gross Margin	50.1%	47.2%	53.6%	49.0%	45.2%	40.6%	46.1%	38.5%	40.9%	0.0%	39.6%	62.0%	75.1%	56.9%	25.0%	24.97%
Operating Margin	8.5%	8.7%	15.6%	20.2%	7.3%	3.6%	8.5%	5.5%	6.6%	-31.1%	3.4%	10.7%	48.0%	27.8%	7.9%	7.88%
Net Margin	7.6%	71.3%	4.9%	9.6%	5.2%	0.1%	3.6%	1.7%	1.2%	-33.5%	10.1%	6.0%	5.1%	-1.0%	3.8%	3.79%
EBITDA Margin	17.6%	22.2%	28.2%	29.3%	16.6%	16.5%	22.6%	25.2%	22.2%	24.1%	18.3%	50.0%	37.2%	-85.0%	23.0%	22.96%
FCF Margin	4.3%	-12.8%	-11.0%	-1.3%	-2.5%	2.6%	7.4%	6.0%	6.2%	9.6%	10.3%	7.7%	11.2%	10.7%	10.2%	10.23%
OCF Margin	11.9%	-2.7%	-1.0%	7.9%	7.6%	11.5%	16.2%	15.6%	15.0%	18.3%	18.5%	13.5%	17.3%	16.6%	15.9%	15.91%
ROE 3Y Avg	snapshot only															-16.33%
ROA 3Y Avg	snapshot only															-5.70%
ROIC 3Y Avg	snapshot only															7.44%
ROIC Economic	snapshot only															14.88%
Cash ROA	snapshot only															9.27%
Cash ROIC	snapshot only															24.30%
CROIC	snapshot only															15.63%
NOPAT Margin	snapshot only															16.31%
Pretax Margin	snapshot only															-22.34%
R&D / Revenue	snapshot only															0.00%
SGA / Revenue	snapshot only															8.40%
SBC / Revenue	snapshot only															-0.01%

Valuation

Metric	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	92.84	11.08	12.85	12.39	15.04	98.08	44.28	51.02	54.45	-10.69	-10.86	-12.56	-14.72	-1.80	-1.42	-1.484
P/S Ratio	7.04	4.60	3.99	3.05	3.48	3.73	1.60	1.15	0.92	0.82	0.60	0.52	0.59	0.46	0.38	0.750
P/B Ratio	4.33	5.77	6.57	6.51	7.45	1.42	0.84	0.79	0.78	0.82	0.64	0.58	0.63	0.74	0.64	0.732
P/FCF	165.50	-35.88	-36.42	-237.37	-141.70	143.11	21.57	18.99	14.84	8.51	5.81	6.79	5.29	4.28	3.74	3.738
P/OCF	59.36	—	—	38.79	45.77	32.42	9.86	7.36	6.10	4.45	3.25	3.85	3.43	2.76	2.40	2.405
EV/EBITDA	50.34	27.08	22.24	15.22	17.22	22.44	12.48	8.13	6.45	5.15	4.38	3.98	2.88	146.77	26.06	26.056
EV/Revenue	8.88	5.43	4.98	3.73	4.11	4.69	2.60	1.73	1.42	1.22	0.98	1.17	0.93	0.54	0.44	0.440
EV/EBIT	104.30	48.61	40.02	25.23	29.07	49.20	30.46	28.48	23.23	-33.80	-22.51	18.68	11.07	-4.52	-4.16	-4.164
EV/FCF	208.75	-42.35	-45.43	-290.01	-167.23	179.94	35.06	28.71	22.98	12.67	9.53	15.21	8.27	5.04	4.30	4.297
Earnings Yield	1.1%	9.0%	7.8%	8.1%	6.6%	1.0%	2.3%	2.0%	1.8%	-9.4%	-9.2%	-8.0%	-6.8%	-55.4%	-70.3%	-70.30%
FCF Yield	0.6%	-2.8%	-2.7%	-0.4%	-0.7%	0.7%	4.6%	5.3%	6.7%	11.7%	17.2%	14.7%	18.9%	23.3%	26.7%	26.75%
PEG Ratio	snapshot only															0.001
EV/OCF	snapshot only															2.764
EV/Gross Profit	snapshot only															0.835
Acquirers Multiple	snapshot only															2.130
Shareholder Yield	snapshot only															19.48%

Leverage & Solvency

Metric	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	6.13	6.39	6.63	5.81	9.99	2.96	3.90	4.28	3.33	3.93	3.98	17.41	1.07	6.30	8.13	8.133
Quick Ratio	6.13	6.37	6.63	5.79	9.97	2.95	3.87	4.24	3.30	3.91	3.96	17.41	1.07	6.30	8.13	8.133
Debt/Equity	1.47	1.40	1.95	1.80	3.67	0.61	0.68	0.57	0.59	0.64	0.62	0.73	0.65	0.96	0.87	0.868
Net Debt/Equity	1.13	1.04	1.62	1.44	1.34	0.37	0.53	0.41	0.43	0.40	0.41	0.72	0.35	0.13	0.10	0.096
Debt/Assets	0.34	0.35	0.46	0.44	0.63	0.30	0.35	0.27	0.29	0.27	0.25	0.32	0.28	0.34	0.30	0.302
Debt/EBITDA	13.58	5.55	5.29	3.43	7.18	7.63	6.15	3.86	3.17	2.70	2.61	2.23	1.90	163.02	30.73	30.731
Net Debt/EBITDA	10.43	4.14	4.41	2.76	2.63	4.59	4.80	2.75	2.29	1.69	1.71	2.20	1.04	22.04	3.39	3.389
Interest Coverage	0.66	1.35	1.65	2.19	3.17	2.60	2.98	2.70	3.03	-0.83	-1.19	1.35	1.48	-3.30	-2.93	-2.933
Equity Multiplier	4.35	4.01	4.21	4.06	5.80	2.05	1.94	2.09	2.06	2.34	2.45	2.24	2.34	2.87	2.87	2.873
Cash Ratio	snapshot only															6.901
Debt Service Coverage	snapshot only															0.469
Cash to Debt	snapshot only															0.890
FCF to Debt	snapshot only															0.197
Defensive Interval	snapshot only															617.1 days

Efficiency & Turnover

Metric	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	0.14	0.31	0.39	0.53	0.47	0.31	0.44	0.53	0.60	0.44	0.46	0.49	0.45	0.49	0.49	0.486
Inventory Turnover	—	118.13	—	190.16	627.04	169.09	166.35	157.18	214.64	210.38	172.99	291.31	147.08	188.75	200.52	200.516
Receivables Turnover	0.53	1.44	2.69	3.44	2.90	3.17	4.62	4.91	6.76	4.29	3.58	4.89	7.77	5.07	4.09	4.087
Payables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	13.69	—	10.30	10.302
DSO	685	253	136	106	126	115	79	74	54	85	102	75	47	72	89	89.3 days
DIO	0	3	0	2	1	2	2	2	2	2	2	1	2	2	2	1.8 days
DPO	0	0	0	0	0	0	0	0	0	0	0	0	27	0	35	35.4 days
Cash Conversion Cycle	685	256	136	108	127	117	81	77	56	87	104	76	23	74	56	55.7 days
Fixed Asset Turnover	snapshot only															28.244
Operating Cycle	snapshot only															91.1 days
Cash Velocity	snapshot only															2.167
Capital Intensity	snapshot only															1.716

Growth (YoY)

Metric	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	—	—	—	—	3.5%	1.8%	1.8%	1.6%	2.0%	1.4%	82.5%	44.2%	7.8%	-0.1%	-4.0%	-3.99%
Net Income	—	—	—	—	12.8%	-74.0%	-67.4%	-76.6%	-78.4%	-5.9%	-3.8%	-3.7%	-3.6%	-2.3%	-3.7%	-3.68%
EPS	—	—	—	—	11.6%	-87.2%	-85.1%	-89.1%	-89.3%	-5.9%	-3.9%	-4.0%	-3.7%	-2.5%	-4.0%	-3.98%
FCF	—	—	—	—	-3.6%	1.6%	2.9%	13.0%	8.5%	7.9%	1.5%	83.0%	96.3%	11.4%	-4.8%	-4.84%
EBITDA	—	—	—	—	5.1%	2.0%	1.6%	1.2%	1.7%	1.7%	96.7%	97.7%	58.1%	-98.4%	-92.8%	-92.78%
Op. Income	—	—	—	—	5.8%	2.1%	1.3%	15.5%	40.6%	-1.9%	-1.9%	-1.6%	-48.1%	6.4%	5.5%	5.53%
OCF Growth	snapshot only															-17.34%
Asset Growth	snapshot only															-28.35%
Equity Growth	snapshot only															-38.96%
Debt Growth	snapshot only															-14.92%
Shares Change	snapshot only															-6.06%
Dividend Growth	snapshot only															225.25%

Growth (CAGR)

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	1.4%	90.0%	70.1%	70.07%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.0%	-49.9%	-28.2%	-28.16%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.3%	1.0%	73.1%	73.06%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	70.9%	1.5%	1.1%	1.12%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.4%	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.8%	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	65.6%	56.4%	48.9%	48.93%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.0%	75.0%	69.1%	69.10%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	59.5%	41.0%	35.2%	35.24%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	2.7%	3.8%	3.77%

Growth Quality

Metric	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	—	—	—	—	—	—	—	—	0.94	0.96	0.99	0.99	0.92	0.89	0.87	0.871
Earnings Stability	—	—	—	—	—	—	—	—	0.02	0.96	0.97	1.00	0.29	0.92	0.88	0.884
Margin Stability	—	—	—	—	—	—	—	—	0.90	0.76	0.74	0.84	0.89	0.76	0.76	0.763
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-0.26	-0.34	-0.32	-0.32	-0.30	-0.38	-0.43	-0.430
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.08	-0.17	-0.18	-0.10	-0.04	0.19	0.16	0.157
FCF Margin Trend	—	—	—	—	—	—	—	—	0.05	0.15	0.12	0.05	0.09	0.05	0.01	0.014
Sustainable Growth Rate	4.7%	52.1%	51.1%	52.6%	55.9%	2.6%	3.4%	2.8%	2.5%	—	—	—	—	—	—	—
Internal Growth Rate	1.1%	14.9%	13.8%	14.9%	12.1%	1.2%	1.6%	1.2%	1.0%	—	—	—	—	—	—	—

Cash Flow Quality

Metric	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	1.56	-0.07	-0.03	0.32	0.33	3.03	4.49	6.94	8.92	-2.40	-3.35	-3.27	-4.29	-0.65	-0.59	-0.592
FCF/OCF	0.36	4.75	10.44	-0.16	-0.32	0.23	0.46	0.39	0.41	0.52	0.56	0.57	0.65	0.64	0.64	0.643
FCF/Net Income	snapshot only															-0.380
OCF/EBITDA	snapshot only															9.426
CapEx/Revenue	7.6%	10.1%	9.9%	9.1%	10.1%	8.9%	8.8%	9.6%	8.8%	8.7%	8.2%	5.9%	6.1%	5.9%	5.7%	5.67%
CapEx/Depreciation	snapshot only															0.463
Accruals Ratio	-0.01	0.14	0.13	0.09	0.07	-0.02	-0.06	-0.07	-0.08	-0.11	-0.11	-0.09	-0.10	-0.20	-0.21	-0.208
Sloan Accruals	snapshot only															-0.136
Cash Flow Adequacy	snapshot only															1.380

Dividends & Buybacks

Metric	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	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	4.8%	6.0%	15.3%	7.42%
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	$0.24	$0.26	$0.54	$0.30
Payout Ratio	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%	0.0%	0.3%	0.3%	0.6%	25.3%	25.9%	57.2%	57.18%
Total Payout Ratio	0.0%	0.5%	0.5%	0.4%	1.1%	2.8%	2.2%	2.7%	2.7%	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	0	0	0	0	1	1	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	99.46	211.71	211.706
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	1.7%	0.0%	2.7%	5.8%	4.2%	4.18%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	1.7%	0.0%	2.7%	5.8%	4.2%	4.18%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	1.7%	0.1%	7.5%	11.8%	19.5%	19.48%

DuPont Factors

Metric	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)	-1.64	-19.21	29.77	4.68	3.25	0.66	0.63	0.58	0.41	1.40	0.90	1.05	1.13	1.05	1.20	1.204
Interest Burden (EBT/EBIT)	-0.54	-0.19	0.08	0.36	0.50	0.60	0.67	0.64	0.68	1.52	1.40	-0.63	-0.43	2.02	2.12	2.116
EBIT Margin	0.09	0.11	0.12	0.15	0.14	0.10	0.09	0.06	0.06	-0.04	-0.04	0.06	0.08	-0.12	-0.11	-0.106
Asset Turnover	0.14	0.31	0.39	0.53	0.47	0.31	0.44	0.53	0.60	0.44	0.46	0.49	0.45	0.49	0.49	0.486
Equity Multiplier	4.35	4.01	4.21	4.06	5.16	2.24	2.17	2.31	2.50	2.19	2.18	2.16	2.19	2.54	2.61	2.608

Per Share

Metric	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)	$0.09	$1.07	$1.14	$1.26	$1.17	$0.14	$0.17	$0.14	$0.13	$-0.66	$-0.50	$-0.41	$-0.34	$-2.34	$-2.49	$-2.49
Book Value/Share	$2.00	$2.05	$2.24	$2.39	$2.37	$9.39	$8.91	$8.85	$8.82	$8.60	$8.51	$8.80	$8.10	$5.74	$5.53	$5.54
Tangible Book/Share	$-2.24	$-2.12	$-3.48	$-3.34	$-3.02	$-4.40	$-3.71	$-4.21	$-4.16	$-4.04	$-3.99	$-4.21	$-4.12	$-4.20	$-4.32	$-4.32
Revenue/Share	$1.23	$2.56	$3.68	$5.11	$5.06	$3.57	$4.71	$6.12	$7.48	$8.65	$9.06	$9.82	$8.53	$9.22	$9.25	$5.15
FCF/Share	$0.05	$-0.33	$-0.40	$-0.07	$-0.12	$0.09	$0.35	$0.37	$0.46	$0.83	$0.93	$0.75	$0.96	$0.99	$0.95	$0.63
OCF/Share	$0.15	$-0.07	$-0.04	$0.40	$0.39	$0.41	$0.76	$0.95	$1.12	$1.59	$1.67	$1.33	$1.48	$1.53	$1.47	$0.97
Cash/Share	$0.68	$0.73	$0.73	$0.84	$5.50	$2.27	$1.33	$1.45	$1.46	$2.05	$1.82	$0.06	$2.39	$4.77	$4.27	$4.27
EBITDA/Share	$0.22	$0.51	$0.82	$1.25	$1.21	$0.75	$0.98	$1.31	$1.65	$2.04	$2.03	$2.87	$2.75	$0.03	$0.16	$0.16
Debt/Share	$2.94	$2.86	$4.36	$4.30	$8.68	$5.71	$6.03	$5.04	$5.22	$5.50	$5.30	$6.40	$5.24	$5.52	$4.80	$4.80
Net Debt/Share	$2.26	$2.13	$3.63	$3.45	$3.18	$3.43	$4.71	$3.59	$3.76	$3.45	$3.48	$6.34	$2.86	$0.75	$0.53	$0.53

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.927
Altman Z-Prime	snapshot only															1.788
Piotroski F-Score	4	2	2	3	5	4	5	5	5	5	6	6	6	6	5	5
Beneish M-Score	—	—	—	—	-2.31	-1.61	-0.17	-0.63	-0.63	1119.72	-1.73	-2.99	-3.92	-4.66	-4.00	-4.001
Ohlson O-Score	snapshot only															-6.691
Net-Net WC	snapshot only															$-5.31
EVA	snapshot only															$1111042460.00

Credit

Metric	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															B
Credit Score	31.20	40.09	42.02	46.90	42.52	39.39	38.84	44.15	47.88	36.25	36.44	40.49	35.89	30.19	29.17	29.174
Credit Grade	snapshot only															15
Credit Trend	snapshot only															-7.270
Implied Spread (bps)	snapshot only															750.000
Industry Credit Rank	snapshot only															19
Sector Credit Rank	snapshot only															13

NEXI.MI MIL

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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