— Know what they know.
Not Investment Advice
Also trades as: 5202.T (JPX) · $vol 5M · NPSGY (OTC) · $vol 0M

NPSGF OTC

Nippon Sheet Glass Company, Limited
1W: +0.0% 1M: +0.0% 3M: +0.0% YTD: -6.2% 1Y: -14.3% 3Y: -36.3% 5Y: -50.0%
$3.00
+0.00 (+0.00%)
 
OTC · Consumer Cyclical · Auto - Parts · Tech Score Strong Sell · Power 42 · $426.9M mcap · 101M float · 0.0001% daily turnover · Short 100% of daily vol

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 D
Profitability
16
Balance Sheet
19
Earnings Quality
80
Growth
60
Value
—
Momentum
88
Safety
—
Cash Flow
38

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
-2.61
Unlikely Manipulator
Ohlson O-Score
-7.82
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
B
Score: 27.4/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 12.28x
Accruals: -4.6%
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. NPSGF 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. NPSGF's score of -2.61 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. NPSGF'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. NPSGF receives an estimated rating of B (score: 27.4/100), 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). NPSGF'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
9.39x
PEG
0.03x
P/S
0.08x
P/B
0.47x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$1264.51
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 9.4x earnings, NPSGF trades at a deep value multiple. Graham's intrinsic value formula yields $1264.51 per share, suggesting a potential 42050% margin of safety at 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
12.910
NI / EBT
×
Interest Burden
0.011
EBT / EBIT
×
EBIT Margin
0.036
EBIT / Rev
×
Asset Turnover
0.820
Rev / Assets
×
Equity Multiplier
8.290
Assets / Equity
=
ROE
3.4%
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. NPSGF's ROE of 3.4% is driven by financial leverage (equity multiplier: 8.29x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 12.91 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
0.00%
Fair P/E
8.50x
Intrinsic Value
$386.28
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 NPSGF's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NPSGF trades at a premium to its adjusted intrinsic value of $386.28, 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 9.4x.

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
$3.00
Median 1Y
$2.56
5th Pctile
$1.87
95th Pctile
$3.51
Ann. Volatility
20.4%
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 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
ROE 3.1% 13.3% 7.1% 4.0% 3.1% -36.3% -40.3% -27.9% -19.0% 10.7% 15.3% 9.6% 4.4% -2.5% -11.2% -11.9% -13.3% -13.1% -7.3% 3.4% 3.40%
ROA 0.3% 1.1% 0.7% 0.5% 0.4% -4.7% -4.6% -3.6% -2.9% 1.5% 1.8% 1.1% 0.6% -0.3% -1.3% -1.4% -1.6% -1.4% -0.8% 0.4% 0.41%
ROIC 3.9% 3.4% 2.7% 2.1% 1.6% 2.9% 4.2% 5.3% 5.4% 3.9% 5.1% 3.6% 8.5% 3.1% 1.8% 1.9% 2.3% 2.1% 3.1% 85.4% 85.42%
ROCE 3.0% 5.1% 4.5% 4.2% 4.5% -3.2% -2.1% 0.1% 1.6% 9.4% 9.3% 8.8% 5.6% 4.5% 2.8% 2.7% 3.1% 3.1% 4.2% 5.7% 5.71%
Gross Margin 24.2% 23.2% 20.7% 22.2% 23.3% 20.0% 23.4% 23.4% 23.7% 22.7% 22.2% 18.1% 20.5% 19.8% 19.1% 20.6% 22.5% 21.1% 22.2% 23.0% 22.99%
Operating Margin 4.8% 3.9% 1.2% 3.5% 4.6% 3.1% 5.1% 5.4% 7.0% 5.7% 3.7% 1.7% 2.3% 3.6% -0.9% 1.4% 4.1% 3.0% 3.5% 4.8% 4.84%
Net Margin 1.7% 4.2% 0.0% -2.9% 1.3% -20.8% 0.9% 1.7% 3.4% 1.3% 1.9% -1.3% 1.1% -3.0% -3.0% -1.8% -0.1% -1.9% -0.4% 4.0% 4.00%
EBITDA Margin 11.0% 13.5% 7.2% 2.9% 12.8% -14.2% 12.7% 11.2% 15.9% 12.5% 10.9% 9.9% 8.1% 8.5% 6.3% 8.5% 9.5% 9.2% 9.5% 10.9% 10.94%
FCF Margin 2.7% 0.9% 0.2% 1.8% 1.2% 1.3% -0.6% 1.2% -1.2% -1.0% 1.3% 1.0% 1.1% 0.8% -2.0% -0.3% 0.1% -0.0% 0.7% -0.3% -0.30%
OCF Margin 9.2% 7.6% 6.4% 7.5% 6.8% 6.1% 4.5% 6.4% 4.3% 5.0% 7.8% 7.5% 7.2% 6.6% 3.9% 6.2% 8.6% 8.2% 8.2% 6.1% 6.14%
ROE 3Y Avg snapshot only -0.45%
ROE 5Y Avg snapshot only -6.66%
ROA 3Y Avg snapshot only 0.04%
ROIC 3Y Avg snapshot only 26.15%
ROIC Economic snapshot only 80.40%
Cash ROA snapshot only 4.83%
Cash ROIC snapshot only 8.42%
CROIC snapshot only -0.41%
NOPAT Margin snapshot only 62.30%
Pretax Margin snapshot only 0.04%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 18.50%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 9.387
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.077
P/B Ratio — — — — — — — — — — — — — — — — — — — — 0.466
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.030
Graham Number snapshot only $1264.51
Leverage & Solvency
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Current Ratio 0.89 0.83 0.87 0.99 0.96 0.92 0.75 0.87 0.94 1.05 1.03 0.87 0.91 0.91 0.93 0.79 0.76 0.78 0.72 0.61 0.610
Quick Ratio 0.47 0.43 0.45 0.55 0.50 0.50 0.38 0.47 0.45 0.52 0.47 0.40 0.40 0.41 0.41 0.39 0.33 0.33 0.30 0.28 0.279
Debt/Equity 6.29 5.34 4.88 3.21 2.70 3.26 4.63 5.07 4.22 4.14 4.63 4.03 3.65 4.82 4.68 4.84 5.31 5.04 4.56 3.62 3.618
Net Debt/Equity 5.69 4.84 4.32 2.79 2.41 2.89 4.09 4.35 3.83 3.69 4.18 3.62 3.39 4.36 4.25 4.23 4.90 4.65 4.20 3.24 3.238
Debt/Assets 0.57 0.56 0.55 0.50 0.49 0.49 0.54 0.52 0.53 0.52 0.54 0.50 0.51 0.54 0.55 0.51 0.53 0.52 0.53 0.49 0.490
Debt/EBITDA 11.55 8.25 8.87 9.10 8.49 48.33 21.64 12.01 10.27 4.95 4.99 4.89 6.19 6.77 8.05 7.92 7.74 7.70 7.25 6.35 6.347
Net Debt/EBITDA 10.45 7.48 7.86 7.92 7.58 42.78 19.14 10.32 9.31 4.41 4.51 4.39 5.74 6.13 7.31 6.93 7.13 7.09 6.67 5.68 5.680
Interest Coverage 1.24 1.98 1.74 1.81 2.00 -1.18 -0.56 0.03 0.36 2.01 1.77 1.45 1.07 0.88 0.64 0.66 1.01 0.96 1.14 1.32 1.324
Equity Multiplier 11.10 9.59 8.84 6.46 5.53 6.63 8.62 9.80 8.03 7.92 8.60 8.11 7.19 8.98 8.58 9.56 10.05 9.61 8.65 7.39 7.390
Cash Ratio snapshot only 0.103
Debt Service Coverage snapshot only 3.591
Cash to Debt snapshot only 0.105
FCF to Debt snapshot only -0.005
Defensive Interval snapshot only 340.0 days
Efficiency & Turnover
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Asset Turnover 0.70 0.72 0.71 0.68 0.69 0.75 0.80 0.81 0.79 0.80 0.85 0.85 0.82 0.84 0.86 0.82 0.81 0.84 0.81 0.82 0.820
Inventory Turnover 3.67 3.81 3.81 3.81 3.65 3.87 3.98 4.09 3.74 3.73 3.78 3.95 3.67 3.90 3.95 3.98 3.75 3.85 3.67 3.92 3.915
Receivables Turnover 9.18 9.71 10.14 8.78 8.43 8.81 9.56 9.01 8.77 8.24 9.29 9.19 8.62 9.24 10.48 10.00 9.15 10.02 10.55 10.22 10.217
Payables Turnover 3.80 3.79 3.80 3.11 3.36 3.49 3.81 3.41 3.72 3.50 3.91 3.60 4.01 4.10 4.48 3.67 4.01 4.00 4.18 3.45 3.447
DSO 40 38 36 42 43 41 38 41 42 44 39 40 42 40 35 36 40 36 35 36 35.7 days
DIO 99 96 96 96 100 94 92 89 98 98 96 92 99 94 93 92 97 95 99 93 93.2 days
DPO 96 96 96 117 109 105 96 107 98 104 93 101 91 89 81 99 91 91 87 106 105.9 days
Cash Conversion Cycle 43 37 36 20 34 31 34 23 41 38 42 31 51 44 46 29 46 40 47 23 23.1 days
Fixed Asset Turnover snapshot only 1.811
Operating Cycle snapshot only 128.9 days
Cash Velocity snapshot only 15.265
Capital Intensity snapshot only 1.272
Growth (YoY)
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue 10.8% 16.2% 19.9% 20.3% 13.7% 20.6% 23.8% 27.1% 25.8% 17.9% 11.9% 9.0% 6.0% 3.3% 4.9% 0.9% -0.8% 0.8% 0.5% 5.2% 5.21%
Net Income 1.1% 1.2% 1.2% 1.2% 94.2% -5.8% -8.4% -9.2% -8.3% 1.3% 1.4% 1.3% 1.2% -1.2% -1.8% -2.3% -3.7% -3.7% 30.9% 1.3% 1.32%
EPS 1.0% 1.2% 1.3% — 2.0% -8.5% -5.7% -9.2% -5.7% 1.2% 1.4% 1.2% 1.2% -1.3% -2.2% -3.0% -5.3% -3.7% 36.8% 1.3% 1.30%
FCF 1.3% 1.2% 1.2% 1.5% -51.3% 73.9% -4.2% -11.2% -2.3% -1.9% 3.4% -11.0% 1.9% 1.8% -2.6% -1.3% -91.8% -1.0% 1.3% -14.4% -14.39%
EBITDA 8.6% 7.8% 130.6% 1.1% 41.4% -81.7% -56.1% -20.1% -11.3% 9.3% 3.4% 1.5% 69.8% -26.6% -32.1% -35.5% -21.3% -9.3% 12.2% 31.5% 31.50%
Op. Income 77.3% 1.4% 75.2% 52.9% 1.2% -3.6% 51.3% 74.2% 95.1% 1.2% 50.4% 8.2% -31.9% -50.6% -68.0% -64.3% -39.2% -31.6% 79.3% 1.5% 1.55%
OCF Growth snapshot only 3.59%
Asset Growth snapshot only 8.87%
Equity Growth snapshot only 40.82%
Debt Growth snapshot only 5.34%
Shares Change snapshot only 6.79%
Dividend Growth snapshot only -6.36%
Growth (CAGR)
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue 3Y -3.4% -2.6% -1.6% -0.7% 1.6% 4.9% 7.7% 11.1% 16.6% 18.2% 18.4% 18.6% 14.9% 13.7% 13.3% 11.9% 9.8% 7.1% 5.7% 5.0% 5.01%
Revenue 5Y -2.5% -1.4% -0.2% 0.3% 1.8% 3.1% 3.8% 4.8% 5.2% 5.6% 5.7% 6.3% 6.9% 7.1% 8.0% 8.6% 10.7% 11.5% 11.9% 12.1% 12.11%
EPS 3Y -36.7% -1.5% -18.9% -25.0% -28.2% — — — — — — — 43.1% — — — — — — — —
EPS 5Y — — — 66.5% 10.5% — — — — 9.5% 0.4% -7.0% -18.6% — — — — — — — —
Net Income 3Y -39.0% -5.1% -32.5% -32.2% -28.3% — — — — — — — 43.2% — — — — — — — —
Net Income 5Y — — — 66.6% -1.1% — — — — 7.1% -1.6% -4.4% -11.0% — — — — — — — —
EBITDA 3Y -8.1% 6.1% 4.6% 2.5% 9.4% -35.9% -12.2% 1.0% — — 5.3% 61.7% 28.7% 11.6% 9.3% 8.8% 5.8% 90.2% 49.5% 28.5% 28.46%
EBITDA 5Y 63.8% 32.0% 23.7% -1.2% 4.0% -28.0% -15.6% -6.1% -0.5% 17.7% 17.1% 16.5% 14.5% 14.8% 15.0% 68.8% — — 1.9% 29.1% 29.10%
Gross Profit 3Y -7.4% -6.9% -7.1% -5.5% -3.5% -1.1% 3.9% 8.6% 15.1% 18.6% 18.1% 15.4% 10.2% 8.0% 7.4% 7.5% 6.6% 5.9% 4.8% 4.6% 4.60%
Gross Profit 5Y -3.6% -2.9% -2.6% -2.0% -1.5% -1.2% 0.1% 1.2% 1.8% 2.6% 2.4% 2.3% 2.2% 1.9% 2.8% 4.6% 7.8% 9.2% 10.3% 10.9% 10.92%
Op. Income 3Y -17.1% -14.3% -18.0% -18.5% -16.3% -13.8% 0.5% 18.0% 51.8% 70.3% 58.6% 42.3% 10.4% 1.1% -10.1% -12.4% -6.9% -9.8% -4.8% -0.6% -0.59%
Op. Income 5Y 1.5% -0.2% -4.7% -5.0% -7.7% -8.6% -3.7% -0.5% 2.4% 5.7% 4.7% 0.4% -4.9% -7.2% -13.4% -8.7% 7.7% 10.8% 18.0% 21.2% 21.22%
FCF 3Y 43.9% 19.2% -29.5% — — — — — — — — — -16.5% 7.8% — — -53.9% — — — —
FCF 5Y — -3.5% -21.8% 18.9% -9.7% 34.4% — 22.4% — — 22.2% — — — — — — — — — —
OCF 3Y 10.1% 8.4% 3.8% 15.8% 22.9% 15.4% 14.2% 16.8% 51.0% 23.9% 16.6% 43.7% 6.0% 8.4% -4.4% 5.2% 18.9% 17.9% 29.4% 3.8% 3.83%
OCF 5Y 18.5% 7.0% 5.6% 8.2% 3.0% 6.6% 2.1% 5.5% -2.2% 3.6% 13.5% 16.5% 21.4% 15.1% 8.6% 11.5% 48.5% 26.5% 11.9% 20.9% 20.86%
Assets 3Y 2.9% 2.0% 4.5% 7.2% 8.6% 9.1% 5.3% 7.5% 9.7% 9.8% 7.0% 6.9% 8.4% 5.8% 6.3% 3.2% -0.1% 0.9% 4.4% 5.7% 5.73%
Assets 5Y 0.5% 3.2% 2.0% 3.5% 5.2% 5.0% 3.9% 3.7% 5.5% 5.1% 4.9% 5.7% 6.2% 4.8% 5.0% 6.2% 5.7% 6.4% 6.7% 6.4% 6.39%
Equity 3Y -16.1% -14.6% -6.8% 5.5% 19.5% 17.9% 1.7% 9.6% 30.5% 37.4% 21.9% 25.5% 25.3% 8.1% 7.3% -9.4% -18.1% -10.8% 4.3% 16.2% 16.18%
Book Value 3Y -12.9% -11.4% 12.0% 16.8% 19.6% 17.8% -12.5% 9.4% 12.3% 18.3% 22.0% — 25.3% 25.4% 7.2% -9.4% -18.2% -10.9% 17.5% 13.7% 13.67%
Dividend 3Y 8.3% 9.7% 27.1% 17.2% 0.3% -0.1% -14.0% -0.3% -14.2% -14.0% -0.0% — -0.0% 15.9% -0.1% -0.0% -0.1% -0.1% 12.6% -2.2% -2.16%
Growth Quality
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Revenue Stability 0.60 0.37 0.18 0.11 0.02 0.10 0.15 0.23 0.33 0.42 0.47 0.53 0.69 0.79 0.87 0.89 0.91 0.91 0.90 0.88 0.878
Earnings Stability 0.07 0.09 0.05 0.11 0.04 0.39 0.39 0.43 0.19 0.03 0.05 0.01 0.00 0.02 0.00 0.05 0.06 0.10 0.09 0.09 0.095
Margin Stability 0.94 0.94 0.93 0.94 0.93 0.91 0.92 0.93 0.93 0.92 0.92 0.92 0.92 0.91 0.91 0.93 0.94 0.94 0.93 0.94 0.942
Rev. Growth Consistency 0.50 0.50 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 0.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.50 0.50 0.50 1.00 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.500
FCF Positive Streak 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0
Earnings Persistence 0.20 0.20 0.20 0.20 0.50 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.50 0.50 0.20 0.200
Earnings Smoothness — — — — 0.36 — — — — — — — — — — — — — — — —
ROE Trend 0.32 0.46 0.32 0.29 0.35 0.05 -0.13 -0.23 -0.26 0.21 0.31 0.25 0.15 0.06 0.01 0.00 -0.07 -0.18 -0.09 0.05 0.050
Gross Margin Trend -0.01 -0.01 -0.01 -0.01 -0.01 -0.02 -0.01 -0.01 -0.00 0.01 0.01 -0.01 -0.02 -0.02 -0.03 -0.02 -0.01 -0.01 0.00 0.01 0.014
FCF Margin Trend 0.09 0.06 0.04 0.07 0.04 0.04 0.00 0.02 -0.03 -0.02 0.02 -0.00 0.01 0.01 -0.02 -0.01 0.00 0.00 0.01 -0.01 -0.007
Sustainable Growth Rate 0.1% 10.4% 4.6% 2.1% 1.6% — — — — 9.3% 13.6% 7.8% 3.0% — — — — — — 1.9% 1.90%
Internal Growth Rate 0.0% 0.9% 0.5% 0.2% 0.2% — — — — 1.3% 1.6% 0.9% 0.4% — — — — — — 0.2% 0.23%
Cash Flow Quality
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
OCF/Net Income 24.88 4.82 6.64 10.90 10.72 -0.97 -0.77 -1.44 -1.17 2.73 3.73 5.87 10.09 -18.37 -2.53 -3.79 -4.37 -4.84 -7.81 12.28 12.279
FCF/OCF 0.30 0.12 0.04 0.23 0.17 0.21 -0.14 0.19 -0.28 -0.19 0.17 0.13 0.15 0.12 -0.52 -0.04 0.01 -0.00 0.08 -0.05 -0.048
FCF/Net Income snapshot only -0.593
OCF/EBITDA snapshot only 0.626
CapEx/Revenue 6.4% 6.7% 6.2% 5.7% 5.6% 4.8% 5.1% 5.1% 5.5% 6.0% 6.4% 7.1% 6.7% 6.4% 6.4% 6.5% 6.7% 6.4% 5.8% 4.8% 4.76%
CapEx/Depreciation snapshot only 0.768
Accruals Ratio -0.06 -0.04 -0.04 -0.05 -0.04 -0.09 -0.08 -0.09 -0.06 -0.03 -0.05 -0.05 -0.05 -0.06 -0.05 -0.06 -0.09 -0.08 -0.07 -0.05 -0.046
Sloan Accruals snapshot only -0.175
Cash Flow Adequacy snapshot only 1.234
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 0.00%
Dividend/Share $13.74 $13.79 $21.56 $21.50 $21.59 $21.55 $13.76 $21.45 $13.72 $13.72 $13.72 $13.72 $13.72 $21.40 $21.40 $21.40 $21.40 $21.40 $19.59 $20.04 $0.00
Payout Ratio 95.4% 21.8% 34.7% 47.4% 49.4% — — — — 13.2% 11.5% 18.3% 32.5% — — — — — — 44.1% 44.09%
FCF Payout Ratio 12.9% 38.5% 1.4% 18.5% 26.6% 22.2% — 20.8% — — 18.0% 23.3% 22.0% 30.7% — — 2.7% — 34.9% — —
Total Payout Ratio 95.4% 21.8% 34.8% 47.4% 49.4% — — — — 13.2% 11.5% 18.3% 32.5% — — — — — — 44.1% 44.12%
Div. Increase Streak 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Tax Burden (NI/EBT) 0.63 0.66 0.52 0.35 0.26 1.16 1.37 1.54 1.67 0.48 0.72 0.71 3.41 1.01 1.34 1.62 2.81 1.71 5.84 12.91 12.910
Interest Burden (EBT/EBIT) 0.19 0.50 0.43 0.45 0.50 1.85 2.80 -30.98 -1.76 0.48 0.39 0.27 0.05 -0.10 -0.50 -0.52 -0.31 -0.43 -0.06 0.01 0.011
EBIT Margin 0.03 0.05 0.04 0.04 0.05 -0.03 -0.01 0.00 0.01 0.08 0.07 0.07 0.05 0.03 0.02 0.02 0.02 0.02 0.03 0.04 0.036
Asset Turnover 0.70 0.72 0.71 0.68 0.69 0.75 0.80 0.81 0.79 0.80 0.85 0.85 0.82 0.84 0.86 0.82 0.81 0.84 0.81 0.82 0.820
Equity Multiplier 12.14 11.73 10.33 8.47 7.16 7.71 8.72 7.80 6.55 7.22 8.61 8.85 7.57 8.41 8.59 8.78 8.34 9.29 8.61 8.29 8.290
Per Share
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
EPS (Diluted TTM) $14.41 $63.26 $62.05 $45.38 $43.69 $-476.38 $-293.12 $-370.45 $-204.78 $104.34 $118.94 $74.84 $42.26 $-32.98 $-142.11 $-151.78 $-179.80 $-156.29 $-89.87 $45.44 $45.44
Book Value/Share $527.34 $609.06 $1069.05 $1594.83 $1994.85 $1671.47 $771.51 $1064.78 $875.50 $890.48 $780.57 $874.68 $1036.69 $1199.66 $1318.57 $1185.90 $1093.21 $1180.79 $1250.12 $1563.79 $1331.54
Tangible Book/Share $-522.16 $-422.62 $-571.22 $-106.50 $196.18 $401.20 $-8.27 $-181.28 $3.83 $17.31 $-92.02 $4.62 $52.98 $-204.06 $-154.24 $-242.91 $-360.26 $-334.40 $-202.23 $92.95 $92.95
Revenue/Share $3908.04 $4002.59 $6432.93 $6592.31 $6933.63 $7545.59 $5093.00 $8377.81 $5581.46 $5686.84 $5699.95 $5859.59 $5918.16 $9161.61 $9326.04 $9222.51 $9153.94 $9236.74 $8582.37 $9085.80 $6451.97
FCF/Share $106.86 $35.79 $15.27 $116.15 $81.30 $97.27 $-31.62 $103.09 $-68.47 $-54.59 $76.22 $58.87 $62.28 $69.79 $-185.62 $-25.14 $7.93 $-1.57 $56.09 $-26.93 $-11.60
OCF/Share $358.61 $304.88 $411.98 $494.62 $468.45 $462.35 $227.01 $532.24 $240.30 $285.03 $443.44 $439.40 $426.48 $605.93 $359.58 $575.24 $786.61 $756.24 $701.57 $558.01 $284.56
Cash/Share $314.67 $305.78 $590.50 $663.70 $576.06 $626.39 $412.35 $760.54 $344.02 $401.86 $350.08 $360.24 $274.93 $547.31 $565.90 $716.72 $450.52 $469.49 $459.41 $595.21 $311.97
EBITDA/Share $287.21 $394.27 $587.87 $562.38 $633.81 $112.79 $164.95 $449.00 $359.69 $744.92 $723.06 $720.27 $611.21 $853.00 $765.98 $723.94 $750.30 $773.80 $786.91 $891.42 $891.42
Debt/Share $3317.10 $3253.73 $5212.83 $5119.18 $5378.26 $5451.28 $3569.51 $5393.50 $3692.89 $3690.29 $3610.66 $3523.03 $3784.83 $5776.81 $6167.90 $5736.35 $5803.62 $5956.76 $5706.57 $5658.17 $5658.17
Net Debt/Share $3002.43 $2947.95 $4622.33 $4455.48 $4802.20 $4824.89 $3157.17 $4632.96 $3348.87 $3288.43 $3260.58 $3162.79 $3509.90 $5229.50 $5602.00 $5019.63 $5353.10 $5487.27 $5247.16 $5062.96 $5062.96
Academic Models
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 7 6 7 7 8 6 5 4 4 7 7 6 7 4 4 4 5 4 5 7 7
Beneish M-Score -2.38 -2.62 -2.44 -2.51 -2.39 -2.27 -2.55 -3.66 -2.67 -2.68 -2.76 -2.44 -2.68 -2.85 -2.67 -2.87 -3.07 -2.83 -2.80 -2.61 -2.609
Ohlson O-Score snapshot only -7.817
ROIC (Greenblatt) snapshot only 11.92%
Net-Net WC snapshot only $-6102.38
EVA snapshot only $486350799349.49
Credit
Metric Trend Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Current
Credit Rating snapshot only B
Credit Score 28.25 30.15 31.15 32.35 33.85 23.65 21.40 25.15 25.25 38.30 36.10 32.25 30.25 27.75 25.25 25.50 27.90 24.50 28.90 27.40 27.400
Credit Grade snapshot only 15
Credit Trend snapshot only 1.900
Implied Spread (bps) snapshot only 750.000

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