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Also trades as: NAN.AX (ASX) · $vol 2M

NNCSF OTC

Nanosonics Limited
1W: +1.0% 1M: +5.7% 3M: -20.0% YTD: -29.7% 1Y: -28.4% 3Y: -39.5% 5Y: -64.4%
$2.04
+0.02 (+0.79%)
 
Weekly Expected Move ±2.4%
$2 $2 $2 $2 $2
OTC · Healthcare · Medical - Instruments & Supplies · Tech Score Neutral · Power 55 · $608.6M mcap · 255M float · 0.0002% daily turnover · Short 100% of daily vol

Financial Rating

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

B
Oct 02, 2026
DCF
4
ROE
3
ROA
5
D/E
2
P/E
1
P/B
2
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. NNCSF receives an overall rating of B. Strongest factors: DCF (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (1/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-01 B+ B
2026-08-18 B B+
2026-08-14 B+ B
2026-08-11 B B+
2026-08-04 B+ B
2026-06-30 None ADDED
2026-06-27 EXISTED None
2026-06-22 None ADDED
2026-06-20 EXISTED None
2026-06-15 None ADDED

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
60
Balance Sheet
94
Earnings Quality
68
Growth
67
Value
—
Momentum
92
Safety
—
Cash Flow
81

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
7/9
✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓
Beneish M-Score
-2.39
Unlikely Manipulator
Ohlson O-Score
-10.01
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA-
Score: 80.2/100
Trend: Stable
Earnings Quality
75/100
OCF/NI: 1.73x
Accruals: -10.2%
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. NNCSF scores 7/9, signaling strong financial health across all three dimensions. 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. NNCSF's score of -2.39 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. NNCSF'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. NNCSF receives an estimated rating of AA- (score: 80.2/100), with a stable 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). NNCSF's score of 75/100 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
48.90x
PEG
-3.80x
P/S
4.23x
P/B
3.98x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$1.40
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 48.9x earnings, NNCSF is priced for high growth expectations. Graham's intrinsic value formula yields $1.40 per share, 45% 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
0.908
NI / EBT
×
Interest Burden
1.228
EBT / EBIT
×
EBIT Margin
0.086
EBIT / Rev
×
Asset Turnover
1.468
Rev / Assets
×
Equity Multiplier
1.371
Assets / Equity
=
ROE
19.3%
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. NNCSF's ROE of 19.3% is driven by Asset Turnover (1.468), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.91 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
15.00%
Fair P/E
38.50x
Intrinsic Value
$4.80
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 NNCSF's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NNCSF actually compounded EPS at 16.9% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. NNCSF trades at a premium to its adjusted intrinsic value of $4.80, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 48.9x.

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
$2.04
Median 1Y
$1.75
5th Pctile
$0.69
95th Pctile
$4.43
Ann. Volatility
54.7%
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 Trend 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 Q4'26 Current
ROE 33.9% 39.8% 47.7% 42.3% 16.4% 19.6% 22.0% 21.7% 15.6% 15.2% 13.1% 9.4% 15.1% 15.8% 16.4% 20.5% 18.9% 18.0% 18.8% 19.3% 19.28%
ROA 27.3% 32.9% 39.0% 35.8% 14.3% 16.8% 19.2% 18.4% 13.6% 12.7% 11.0% 7.2% 12.1% 12.1% 13.0% 15.3% 14.1% 13.5% 14.7% 14.1% 14.06%
ROIC 30.7% 89.3% 1.1% 97.4% 36.2% 37.2% 45.0% 60.1% 39.7% 39.0% 27.2% 16.1% 25.4% 30.7% 30.9% 41.8% 45.5% 47.1% 42.8% 35.7% 35.70%
ROCE 5.0% 15.0% 21.9% 17.0% 13.2% 14.4% 13.3% 15.2% 8.4% 7.6% 6.7% 3.5% 6.1% 5.1% 4.8% 11.2% 11.6% 14.5% 16.7% 12.9% 12.93%
Gross Margin 73.8% 76.0% 74.4% 74.8% 75.2% 73.9% 75.0% 75.9% 79.4% 76.5% 76.0% 76.5% 79.0% 78.8% 79.9% 76.1% 78.5% 78.0% 76.4% 77.4% 77.37%
Operating Margin 19.6% 12.6% 10.5% -1.1% 22.3% 10.5% 11.7% 12.9% 2.7% 12.3% 4.0% -2.7% 12.3% 9.2% 4.5% 6.1% 9.3% 9.4% 8.5% 6.2% 6.22%
Net Margin 46.5% 13.3% 7.4% 11.5% 17.5% 14.9% 11.8% 8.6% 3.4% 12.1% 6.5% -0.2% 12.7% 11.1% 7.6% 7.6% 10.4% 10.4% 9.4% 8.1% 8.11%
EBITDA Margin 21.5% 14.0% 12.6% 1.0% 24.7% 12.4% 9.8% 10.3% 6.2% 11.3% 7.3% 3.8% 10.8% 8.4% 6.8% 9.6% 10.5% 15.5% 12.5% 10.8% 10.78%
FCF Margin 4.2% 15.8% 20.4% 15.5% 11.4% 5.3% 8.9% 13.0% 10.6% 13.3% 6.1% 2.6% 5.4% 6.8% 10.1% 11.9% 14.1% 15.1% 13.3% 13.1% 13.10%
OCF Margin 7.3% 17.8% 22.2% 17.7% 14.1% 7.7% 11.1% 15.0% 12.6% 14.9% 8.5% 6.3% 9.1% 10.4% 12.9% 13.7% 16.9% 18.1% 16.5% 16.6% 16.55%
ROE 3Y Avg snapshot only 14.88%
ROE 5Y Avg snapshot only 19.52%
ROA 3Y Avg snapshot only 10.88%
ROIC Economic snapshot only 13.11%
Cash ROA snapshot only 21.45%
Cash ROIC snapshot only 77.97%
CROIC snapshot only 61.73%
NOPAT Margin snapshot only 7.58%
Pretax Margin snapshot only 10.55%
R&D / Revenue snapshot only 16.54%
SGA / Revenue snapshot only 53.13%
SBC / Revenue snapshot only 1.49%
Valuation
Metric Trend 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 Q4'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 48.896
P/S Ratio — — — — — — — — — — — — — — — — — — — — 4.231
P/B Ratio — — — — — — — — — — — — — — — — — — — — 3.984
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
Graham Number snapshot only $1.40
Leverage & Solvency
Metric Trend 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 Q4'26 Current
Current Ratio 9.38 8.88 9.39 7.40 8.11 6.80 7.79 6.90 8.68 7.28 7.30 5.25 5.51 5.49 6.54 6.16 5.42 5.66 6.38 5.55 5.545
Quick Ratio 8.17 8.04 8.57 6.65 7.11 5.93 7.09 6.24 7.83 6.67 6.39 4.46 4.68 4.72 5.53 5.53 4.94 5.19 5.75 4.91 4.908
Debt/Equity 0.02 0.02 0.01 0.01 0.01 0.00 0.02 0.02 0.02 0.02 0.04 0.08 0.08 0.07 0.06 0.05 0.05 0.04 0.04 0.11 0.106
Net Debt/Equity -0.68 -0.71 -0.72 -0.73 -0.69 -0.65 -0.68 -0.72 -0.66 -0.69 -0.62 -0.60 -0.58 -0.62 -0.61 -0.66 -0.72 -0.73 -0.68 -0.61 -0.607
Debt/Assets 0.02 0.01 0.01 0.01 0.01 0.00 0.02 0.02 0.01 0.02 0.03 0.06 0.06 0.05 0.05 0.04 0.04 0.03 0.04 0.07 0.074
Debt/EBITDA 0.31 0.10 0.05 0.05 0.05 0.03 0.11 0.10 0.11 0.13 0.30 0.73 0.52 0.47 0.45 0.31 0.30 0.19 0.21 0.46 0.465
Net Debt/EBITDA -11.11 -4.38 -3.12 -3.93 -4.31 -3.67 -3.87 -3.49 -4.72 -4.83 -4.55 -5.19 -3.97 -4.47 -4.52 -3.99 -4.36 -3.83 -3.16 -2.65 -2.653
Interest Coverage 54.47 176.09 265.36 217.43 — — 95.58 57.65 22.38 16.22 13.65 6.49 10.27 7.39 6.10 12.25 15.80 17.85 19.30 14.04 14.039
Equity Multiplier 1.13 1.14 1.13 1.17 1.15 1.18 1.16 1.19 1.15 1.21 1.22 1.39 1.33 1.38 1.29 1.30 1.35 1.30 1.27 1.43 1.428
Cash Ratio snapshot only 3.587
Debt Service Coverage snapshot only 20.226
Cash to Debt snapshot only 6.711
FCF to Debt snapshot only 2.280
Defensive Interval snapshot only 264.8 days
Efficiency & Turnover
Metric Trend 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 Q4'26 Current
Asset Turnover 1.60 1.38 1.53 1.44 1.12 1.26 1.37 1.43 1.40 1.37 1.38 1.30 1.48 1.47 1.55 1.57 1.53 1.48 1.54 1.47 1.468
Inventory Turnover 3.88 4.02 4.99 4.13 2.68 3.40 4.70 4.43 3.66 3.65 3.50 2.97 3.22 3.41 2.82 3.40 3.50 3.66 3.44 3.78 3.779
Receivables Turnover 15.22 18.98 15.56 17.54 11.44 10.81 11.85 15.55 11.11 8.79 8.76 10.95 9.52 9.65 10.05 11.73 9.39 11.43 10.54 11.24 11.242
Payables Turnover 9.27 22.95 10.67 14.82 8.13 15.95 10.02 17.64 9.45 17.91 8.04 16.68 7.70 21.95 7.91 23.47 7.46 30.57 8.38 24.44 24.444
DSO 24 19 23 21 32 34 31 23 33 42 42 33 38 38 36 31 39 32 35 32 32.5 days
DIO 94 91 73 88 136 108 78 82 100 100 104 123 113 107 130 107 104 100 106 97 96.6 days
DPO 39 16 34 25 45 23 36 21 39 20 45 22 47 17 46 16 49 12 44 15 14.9 days
Cash Conversion Cycle 79 94 62 85 123 118 72 85 94 121 101 134 104 128 120 123 94 120 97 114 114.1 days
Fixed Asset Turnover snapshot only 10.061
Operating Cycle snapshot only 129.0 days
Cash Velocity snapshot only 2.592
Capital Intensity snapshot only 0.772
Growth (YoY)
Metric Trend 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 Q4'26 Current
Revenue 1.5% 1.5% 1.5% 97.2% 14.2% 31.5% 31.1% 43.8% 59.6% 39.2% 30.1% 20.2% 39.3% 42.3% 45.1% 52.3% 34.2% 28.3% 26.5% 19.0% 19.04%
Net Income 15.1% 4.3% 5.1% 7.0% -14.6% -26.4% -28.0% -25.6% 21.1% -3.3% -26.1% -48.1% 17.3% 26.2% 53.6% 1.7% 51.9% 42.4% 43.2% 17.2% 17.17%
EPS 26.4% 7.0% 4.8% 6.9% -57.5% -63.5% 42.8% 47.8% 1.4% 92.4% -26.5% -47.7% 17.1% 25.3% 53.3% 1.6% 50.1% 41.5% 41.7% 17.2% 17.17%
FCF 2.8% 3.3% 3.6% 9.2% 2.1% -56.0% -42.9% 20.7% 48.3% 2.5% -11.1% -76.4% -28.4% -27.2% 1.4% 6.1% 2.5% 1.9% 66.4% 31.6% 31.61%
EBITDA 8.3% 2.8% 3.7% 4.4% 2.3% 38.2% -2.0% 46.4% 11.1% -1.0% -7.8% -37.5% 21.9% 17.0% 25.6% 88.8% 40.3% 77.0% 99.2% 65.0% 64.98%
Op. Income 2.1% 2.2% 2.9% 3.1% 4.8% 40.1% 1.9% 74.0% 30.6% 25.7% -8.2% -64.7% -0.2% -9.3% 14.8% 2.0% 42.5% 47.2% 63.5% 23.6% 23.63%
OCF Growth snapshot only 44.28%
Asset Growth snapshot only 30.65%
Equity Growth snapshot only 19.21%
Debt Growth snapshot only 1.48%
Shares Change snapshot only -0.00%
Growth (CAGR)
Metric Trend 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 Q4'26 Current
Revenue 3Y — — — — — 2.0% 1.2% 90.4% 65.7% 66.5% 62.5% 50.5% 36.4% 37.6% 35.2% 38.1% 44.0% 36.5% 33.6% 29.6% 29.65%
Revenue 5Y — — — — — — — — — — — — — 1.2% 83.3% 66.1% 53.4% 53.2% 51.1% 43.9% 43.95%
EPS 3Y — — — — — 3.0% — — — — — — 6.2% -4.2% 17.2% 26.3% 61.7% 50.6% 16.9% 16.9% 16.89%
EPS 5Y — — — — — — — — — — — — — 1.7% — — — — — — —
Net Income 3Y — — — — — 4.3% — — — — — — 6.7% -3.5% -6.5% 1.0% 29.2% 20.2% 17.6% 17.5% 17.49%
Net Income 5Y — — — — — — — — — — — — — 1.8% — — — — — — —
EBITDA 3Y — — — — — 3.0% — — — — — — 64.4% 17.0% 4.3% 20.0% 23.9% 27.1% 32.2% 24.9% 24.86%
EBITDA 5Y — — — — — — — — — — — — — 1.4% — — — — — — —
Gross Profit 3Y — — — — — 2.4% 1.4% 1.1% 77.9% 76.2% 67.2% 53.6% 38.2% 39.5% 38.2% 40.5% 46.0% 38.6% 35.1% 31.1% 31.07%
Gross Profit 5Y — — — — — — — — — — — — — 1.4% 94.9% 75.2% 61.1% 59.0% 53.9% 45.9% 45.93%
Op. Income 3Y — — — — — 10.0% — — — — — — 96.3% 16.9% 2.4% 22.0% 22.9% 18.9% 19.9% 8.9% 8.85%
Op. Income 5Y — — — — — — — — — — — — — 3.3% — — — — — — —
FCF 3Y — — — — — — — — — — — — 49.3% 3.7% 7.0% 26.3% 54.5% 93.4% 52.9% 30.0% 29.99%
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — 1.6% 46.8% 15.2% 12.9% 26.7% 53.1% 81.7% 52.5% 34.1% 34.08%
OCF 5Y — — — — — — — — — — — — — — — — — — — 1.4% 1.42%
Assets 3Y — — — — — 57.1% 62.5% 64.1% 60.0% 39.7% 41.5% 41.5% 30.0% 31.5% 30.5% 29.1% 29.7% 27.8% 27.0% 27.9% 27.89%
Assets 5Y — — — — — — — — — — — — — 46.4% 48.2% 47.9% 47.4% 35.2% 35.8% 35.4% 35.39%
Equity 3Y — — — — — 71.8% 82.9% 82.5% 80.7% 44.8% 48.9% 34.8% 23.2% 23.4% 24.7% 24.5% 23.0% 24.0% 23.2% 20.5% 20.47%
Book Value 3Y — — — — — 29.8% 1.2% 1.2% 1.2% 76.2% 82.9% 68.7% 22.6% 22.5% 56.4% 55.8% 53.8% 55.3% 22.5% 19.9% 19.86%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend 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 Q4'26 Current
Revenue Stability — 0.98 0.96 0.98 0.89 0.98 0.98 0.99 0.95 0.99 0.98 0.99 0.94 0.98 0.98 0.97 0.97 0.98 0.98 0.98 0.976
Earnings Stability — 0.53 0.66 0.69 0.63 0.55 0.62 0.64 0.61 0.49 0.44 0.33 0.66 0.54 0.48 0.50 0.80 0.56 0.46 0.48 0.476
Margin Stability — 0.81 0.88 0.89 0.89 0.83 0.89 0.90 0.90 0.93 0.96 0.98 0.98 0.84 0.88 0.90 0.91 0.93 0.96 0.97 0.969
Rev. Growth Consistency 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 1.00 1.000
Earn. Growth Consistency 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — 0.20 0.20 0.20 0.50 0.50 0.50 0.50 0.92 0.99 0.90 0.81 0.93 0.90 0.50 0.50 0.50 0.83 0.83 0.93 0.931
Earnings Smoothness — — — — 0.84 0.70 0.67 0.71 0.81 0.97 0.70 0.37 0.84 0.77 0.58 0.09 0.59 0.65 0.64 0.84 0.842
ROE Trend — 0.39 0.53 0.45 0.07 0.12 0.11 0.07 -0.04 -0.10 -0.15 -0.18 -0.00 -0.01 -0.01 0.04 0.03 0.02 0.03 0.04 0.043
Gross Margin Trend — 0.17 0.10 0.08 0.07 0.05 0.03 0.02 0.01 0.02 0.03 0.02 0.02 0.02 0.03 0.02 0.02 0.01 -0.01 -0.00 -0.001
FCF Margin Trend — 0.34 0.43 0.25 0.12 0.06 0.08 0.07 0.03 0.03 -0.09 -0.12 -0.06 -0.02 0.03 0.04 0.06 0.05 0.05 0.06 0.059
Sustainable Growth Rate 33.9% 39.8% 47.7% 42.3% 16.4% 19.6% 22.0% 21.7% 15.6% 15.2% 13.1% 9.4% 15.1% 15.8% 16.4% 20.5% 18.9% 18.0% 18.8% 19.3% 19.28%
Internal Growth Rate 37.5% 49.0% 64.1% 55.7% 16.7% 20.2% 23.7% 22.5% 15.7% 14.5% 12.3% 7.8% 13.7% 13.8% 15.0% 18.0% 16.5% 15.6% 17.2% 16.4% 16.37%
Cash Flow Quality
Metric Trend 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 Q4'26 Current
OCF/Net Income 0.43 0.75 0.87 0.71 1.10 0.58 0.79 1.16 1.30 1.61 1.07 1.14 1.12 1.27 1.54 1.40 1.83 1.98 1.73 1.73 1.728
FCF/OCF 0.57 0.89 0.92 0.88 0.81 0.69 0.80 0.87 0.84 0.89 0.72 0.40 0.60 0.65 0.78 0.87 0.83 0.83 0.81 0.79 0.792
FCF/Net Income snapshot only 1.368
OCF/EBITDA snapshot only 1.338
CapEx/Revenue 3.2% 2.0% 1.8% 2.2% 2.7% 2.4% 2.2% 2.0% 2.0% 1.6% 2.4% 3.8% 3.7% 3.7% 2.8% 1.8% 2.8% 3.0% 3.2% 3.4% 3.45%
CapEx/Depreciation snapshot only 0.911
Accruals Ratio 0.16 0.08 0.05 0.10 -0.01 0.07 0.04 -0.03 -0.04 -0.08 -0.01 -0.01 -0.01 -0.03 -0.07 -0.06 -0.12 -0.13 -0.11 -0.10 -0.102
Sloan Accruals snapshot only 0.055
Cash Flow Adequacy snapshot only 4.801
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend 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 Q4'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 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 $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% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
FCF 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% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Payout Ratio 0.0% 0.0% 0.2% 0.2% 0.5% 0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 10.8% 51.9% 51.89%
Div. Increase Streak — — — — — — — — — — — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend 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 Q4'26 Current
Tax Burden (NI/EBT) 3.19 1.88 1.51 1.64 0.81 0.86 0.90 0.81 1.02 0.82 0.88 1.04 0.89 1.02 1.04 0.87 0.87 0.88 0.84 0.91 0.908
Interest Burden (EBT/EBIT) 1.31 1.03 1.03 1.16 1.33 1.36 1.57 1.48 1.56 2.05 1.90 2.05 2.28 2.37 2.58 1.64 1.48 1.14 1.09 1.23 1.228
EBIT Margin 0.04 0.12 0.16 0.13 0.12 0.11 0.10 0.11 0.06 0.05 0.05 0.03 0.04 0.03 0.03 0.07 0.07 0.09 0.10 0.09 0.086
Asset Turnover 1.60 1.38 1.53 1.44 1.12 1.26 1.37 1.43 1.40 1.37 1.38 1.30 1.48 1.47 1.55 1.57 1.53 1.48 1.54 1.47 1.468
Equity Multiplier 1.25 1.21 1.22 1.18 1.14 1.17 1.15 1.18 1.15 1.20 1.19 1.30 1.25 1.30 1.26 1.34 1.34 1.33 1.28 1.37 1.371
Per Share
Metric Trend 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 Q4'26 Current
EPS (Diluted TTM) $0.06 $0.09 $0.05 $0.05 $0.02 $0.03 $0.08 $0.08 $0.06 $0.06 $0.06 $0.04 $0.07 $0.08 $0.08 $0.11 $0.10 $0.11 $0.12 $0.12 $0.12
Book Value/Share $0.27 $0.29 $0.15 $0.16 $0.17 $0.18 $0.39 $0.41 $0.43 $0.44 $0.46 $0.46 $0.50 $0.53 $0.57 $0.59 $0.61 $0.68 $0.71 $0.70 $0.72
Tangible Book/Share $0.27 $0.29 $0.15 $0.16 $0.17 $0.18 $0.38 $0.41 $0.43 $0.44 $0.46 $0.46 $0.50 $0.53 $0.57 $0.59 $0.61 $0.68 $0.71 $0.70 $0.70
Revenue/Share $0.34 $0.37 $0.21 $0.21 $0.19 $0.24 $0.54 $0.61 $0.61 $0.66 $0.70 $0.73 $0.85 $0.93 $1.01 $1.09 $1.13 $1.19 $1.26 $1.30 $0.68
FCF/Share $0.01 $0.06 $0.04 $0.03 $0.02 $0.01 $0.05 $0.08 $0.06 $0.09 $0.04 $0.02 $0.05 $0.06 $0.10 $0.13 $0.16 $0.18 $0.17 $0.17 $0.06
OCF/Share $0.02 $0.07 $0.05 $0.04 $0.03 $0.02 $0.06 $0.09 $0.08 $0.10 $0.06 $0.05 $0.08 $0.10 $0.13 $0.15 $0.19 $0.22 $0.21 $0.22 $0.07
Cash/Share $0.19 $0.21 $0.11 $0.12 $0.12 $0.12 $0.27 $0.30 $0.29 $0.31 $0.30 $0.31 $0.33 $0.36 $0.39 $0.42 $0.47 $0.52 $0.52 $0.50 $0.52
EBITDA/Share $0.02 $0.05 $0.03 $0.03 $0.03 $0.03 $0.07 $0.08 $0.06 $0.06 $0.06 $0.05 $0.07 $0.07 $0.08 $0.10 $0.10 $0.13 $0.15 $0.16 $0.16
Debt/Share $0.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.01 $0.01 $0.01 $0.01 $0.02 $0.04 $0.04 $0.03 $0.03 $0.03 $0.03 $0.02 $0.03 $0.07 $0.07
Net Debt/Share $-0.18 $-0.21 $-0.11 $-0.11 $-0.12 $-0.12 $-0.26 $-0.29 $-0.28 $-0.31 $-0.28 $-0.27 $-0.29 $-0.33 $-0.35 $-0.39 $-0.44 $-0.50 $-0.49 $-0.43 $-0.43
Academic Models
Metric Trend 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 Q4'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 8 8 6 7 6 4 5 6 8 7 5 6 5 6 6 7 6 7 6 7 7
Beneish M-Score 14.41 8.89 7.97 12.87 -1.41 -0.79 -1.54 -1.86 -2.29 -2.50 -2.07 -1.93 -1.82 -2.25 -2.56 -2.53 -2.75 -2.88 -2.53 -2.39 -2.385
Ohlson O-Score snapshot only -10.010
ROIC (Greenblatt) snapshot only 14.60%
Net-Net WC snapshot only $0.48
EVA snapshot only $21920185.68
Credit
Metric Trend 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 Q4'26 Current
Credit Rating snapshot only AA-
Credit Score 82.75 82.75 82.75 82.75 80.25 80.25 82.75 82.75 82.75 81.50 80.25 76.60 80.25 77.75 75.25 80.25 81.50 81.50 81.50 80.25 80.250
Credit Grade snapshot only 4
Credit Trend snapshot only 0.000
Implied Spread (bps) snapshot only 100.000

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