— Know what they know.
Not Investment Advice
Also trades as: NTC.JO (JNB) · $vol 4M

NWKHY OTC

Netcare Limited
1W: -5.8% 1M: -8.2% 3M: +51.5% YTD: +45.8% 1Y: +45.8% 3Y: +63.5% 5Y: +14.3%
$10.45
-0.64 (-5.74%)
 
OTC · Healthcare · Medical - Care Facilities · Tech Score Neutral · Power 55 · $1.2B mcap · 91M float · 0.0001% daily turnover · Short 98% of daily vol

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
Analyst Recommendations
Strong Buy: 0Buy: 0Hold: 1Sell: 0Strong Sell: 0
Rating Summary
ConsensusHold
Avg Target$—
Analysts0

Financial Rating

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

A
Oct 02, 2026
DCF
5
ROE
4
ROA
5
D/E
1
P/E
3
P/B
4
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NWKHY receives an overall rating of A. Strongest factors: DCF (5/5), ROE (4/5), ROA (5/5), P/B (4/5). Areas of concern: D/E (1/5).
Rating Change History
DateFromTo
2026-10-03 A- A
2026-08-31 None ADDED
2026-08-29 EXISTED None
2026-08-25 None ADDED
2026-08-15 EXISTED None
2026-08-11 None ADDED
2026-08-09 EXISTED None
2026-08-05 None ADDED
2026-08-02 EXISTED None
2026-07-29 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
59
Balance Sheet
51
Earnings Quality
67
Growth
69
Value
—
Momentum
93
Safety
—
Cash Flow
63

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
-2.99
Unlikely Manipulator
Ohlson O-Score
-8.38
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BBB
Score: 56.7/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 2.03x
Accruals: -12.3%
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. NWKHY 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. NWKHY's score of -2.99 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. NWKHY'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. NWKHY receives an estimated rating of BBB (score: 56.7/100), 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). NWKHY'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
11.84x
PEG
0.48x
P/S
0.76x
P/B
1.92x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$240.36
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 11.8x earnings, NWKHY trades at a reasonable valuation. Graham's intrinsic value formula yields $240.36 per share, suggesting a potential 2200% 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
0.705
NI / EBT
×
Interest Burden
0.832
EBT / EBIT
×
EBIT Margin
0.110
EBIT / Rev
×
Asset Turnover
1.855
Rev / Assets
×
Equity Multiplier
2.619
Assets / Equity
=
ROE
31.4%
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. NWKHY's ROE of 31.4% is driven by Asset Turnover (1.855), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

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

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

Adj. Growth Rate
15.00%
Fair P/E
38.50x
Intrinsic Value
$1103.47
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 NWKHY's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NWKHY trades at a premium to its adjusted intrinsic value of $1103.47, 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 11.8x.

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
$10.45
Median 1Y
$9.92
5th Pctile
$5.71
95th Pctile
$17.25
Ann. Volatility
34.3%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

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

Profitability
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
ROE 40.2% 36.9% 63.8% 48.3% 55.2% 56.0% 37.0% 41.2% 28.2% 21.7% 11.6% 9.9% 17.2% 19.2% 21.4% 23.3% 25.4% 26.9% 29.0% 31.4% 31.41%
ROA 14.1% 13.3% 21.2% 20.0% 22.8% 22.8% 14.3% 17.5% 12.2% 8.9% 5.1% 3.9% 6.8% 7.6% 8.7% 9.5% 10.2% 10.7% 11.1% 12.0% 12.00%
ROIC 30.9% 27.5% 31.9% 26.6% 30.5% 29.7% 30.9% 22.4% 14.8% 11.3% 8.7% 8.0% 12.9% 14.0% 14.8% 16.1% 23.4% 25.2% 23.9% 23.7% 23.68%
ROCE 23.6% 43.9% 0.1% -5.3% 12.4% 1.7% 62.1% 53.7% 35.1% 22.2% 18.9% 16.8% 21.3% 23.8% 23.0% 31.8% 34.0% 34.5% 31.6% 25.1% 25.11%
Gross Margin 43.6% 49.8% 49.2% 50.1% 49.9% 50.9% 50.4% 50.5% 44.6% 49.6% 49.0% 48.9% 48.7% 49.8% 49.4% 49.5% 49.4% 49.9% 49.6% 49.5% 49.52%
Operating Margin 11.0% 17.2% 17.2% 17.2% 16.2% 16.4% 15.2% 11.5% -5.1% 7.8% 10.0% 8.6% 9.5% 9.9% 10.6% 12.1% 24.0% 13.1% 7.7% 11.1% 11.08%
Net Margin 2.0% 10.7% 37.6% 0.8% 9.8% 10.1% 12.1% 5.7% -2.2% 3.7% 3.6% 4.2% 5.1% 5.5% 5.5% 5.4% 6.2% 6.2% 6.7% 6.7% 6.68%
EBITDA Margin 13.6% 71.7% -63.6% 14.4% 40.3% 37.7% 22.3% 19.3% 9.0% 15.0% 16.0% 15.9% 16.8% 17.5% 16.6% 36.9% 15.4% 16.4% 14.0% 16.5% 16.46%
FCF Margin 1.5% 1.4% 1.5% 2.1% 2.7% 3.9% 6.8% 7.5% 2.7% 2.9% 0.9% 2.0% 6.0% 6.1% 5.9% 4.1% 5.1% 5.6% 6.4% 7.5% 7.47%
OCF Margin 9.1% 9.4% 10.6% 12.3% 12.6% 13.5% 13.8% 13.6% 8.7% 8.9% 6.2% 7.2% 11.9% 11.7% 12.1% 10.3% 11.1% 11.7% 12.3% 13.1% 13.11%
ROE 3Y Avg snapshot only 21.48%
ROE 5Y Avg snapshot only 31.59%
ROA 3Y Avg snapshot only 8.28%
ROIC 3Y Avg snapshot only 12.11%
ROIC Economic snapshot only 22.75%
Cash ROA snapshot only 23.84%
Cash ROIC snapshot only 31.17%
CROIC snapshot only 17.77%
NOPAT Margin snapshot only 9.96%
Pretax Margin snapshot only 9.17%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 38.67%
SBC / Revenue snapshot only 0.25%
Valuation
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
P/E Ratio — — — — — — — — — — — — — — — — — — — — 11.844
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.760
P/B Ratio — — — — — — — — — — — — — — — — — — — — 1.920
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.482
Graham Number snapshot only $240.36
Leverage & Solvency
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Current Ratio 1.07 0.91 1.06 1.20 1.25 1.59 1.04 1.07 1.21 1.20 1.00 1.01 1.03 0.98 1.15 1.20 1.02 1.15 1.15 1.16 1.164
Quick Ratio 0.94 0.78 0.94 1.05 1.11 1.36 0.94 0.95 0.97 1.05 0.88 0.89 0.92 0.88 1.05 1.05 0.93 1.00 1.15 1.07 1.073
Debt/Equity 0.70 0.72 1.00 0.65 0.60 0.78 0.67 1.22 1.22 1.23 1.03 1.03 1.00 1.02 1.12 1.14 1.16 1.14 1.19 1.27 1.265
Net Debt/Equity 0.51 0.58 0.72 0.57 0.46 0.65 0.50 1.02 1.07 0.99 0.89 0.90 0.86 0.87 0.91 1.00 0.99 1.02 1.02 1.08 1.081
Debt/Assets 0.25 0.27 0.32 0.32 0.30 0.36 0.32 0.46 0.46 0.46 0.42 0.43 0.41 0.42 0.44 0.45 0.45 0.44 0.44 0.46 0.465
Debt/EBITDA 0.75 0.58 1.62 1.49 1.02 2.18 0.56 0.95 1.29 1.84 1.79 1.92 1.59 1.54 1.62 1.22 1.20 1.16 1.24 1.64 1.644
Net Debt/EBITDA 0.55 0.46 1.16 1.30 0.79 1.80 0.42 0.79 1.13 1.48 1.55 1.67 1.37 1.32 1.32 1.07 1.03 1.04 1.06 1.40 1.405
Interest Coverage — — — — — — — — — — — — 10.19 5.40 3.55 2.75 2.80 2.86 2.72 2.69 2.692
Equity Multiplier 2.83 2.67 3.15 2.03 1.98 2.20 2.10 2.67 2.66 2.66 2.42 2.40 2.41 2.43 2.52 2.52 2.60 2.58 2.69 2.72 2.721
Cash Ratio snapshot only 0.334
Debt Service Coverage snapshot only 3.800
Cash to Debt snapshot only 0.145
FCF to Debt snapshot only 0.292
Defensive Interval snapshot only 129.2 days
Efficiency & Turnover
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Asset Turnover 2.49 2.18 1.90 1.85 1.56 1.59 1.71 1.85 1.74 1.66 1.70 1.52 1.64 1.65 1.70 1.77 1.79 1.83 1.81 1.86 1.855
Inventory Turnover 40.09 32.00 29.58 26.64 24.91 21.10 27.15 29.71 22.80 23.49 34.15 29.51 24.70 29.43 38.50 34.02 44.39 36.92 88.70 40.34 40.341
Receivables Turnover 16.77 11.97 14.04 10.85 10.99 9.39 14.78 12.23 16.84 12.24 15.67 11.23 15.89 12.58 15.56 12.90 15.51 13.07 16.05 12.68 12.676
Payables Turnover 6.85 6.33 7.55 5.69 5.56 4.83 13.49 6.66 18.26 6.52 17.10 6.29 18.39 6.80 19.47 7.57 18.76 7.08 18.78 7.64 7.636
DSO 22 30 26 34 33 39 25 30 22 30 23 33 23 29 23 28 24 28 23 29 28.8 days
DIO 9 11 12 14 15 17 13 12 16 16 11 12 15 12 9 11 8 10 4 9 9.0 days
DPO 53 58 48 64 66 76 27 55 20 56 21 58 20 54 19 48 19 52 19 48 47.8 days
Cash Conversion Cycle -22 -16 -10 -17 -18 -19 11 -13 18 -11 13 -13 18 -12 14 -9 12 -14 7 -10 -10.0 days
Fixed Asset Turnover snapshot only 2.794
Operating Cycle snapshot only 37.8 days
Cash Velocity snapshot only 26.921
Capital Intensity snapshot only 0.550
Growth (YoY)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 1.2% 33.7% -13.3% -30.4% -44.2% -36.0% -25.5% -10.2% 1.5% -2.8% -5.3% -7.9% 5.9% 10.7% 13.2% 18.7% 14.2% 13.0% 13.7% 12.6% 12.57%
Net Income 92.1% 21.8% 40.7% 7.1% 44.7% 51.3% -44.2% -21.2% -51.5% -63.7% -66.1% -74.9% -37.5% -5.1% 92.5% 1.5% 56.4% 43.7% 37.2% 35.4% 35.43%
EPS 90.1% 21.7% 42.8% 8.2% 42.7% 53.1% -44.1% -20.7% -49.3% -63.3% -65.7% -74.7% -38.3% -4.8% 91.5% 1.6% 62.9% 53.8% 49.2% 47.0% 46.99%
FCF 17.8% -0.6% -33.5% 5.8% 0.1% 84.3% 2.5% 2.2% 2.5% -28.4% -87.8% -76.0% 1.4% 1.4% 6.6% 1.5% -3.3% 3.2% 23.7% 1.1% 1.07%
EBITDA 1.4% 1.2% -39.9% -56.0% -39.8% -76.0% 1.2% 2.0% 52.1% 97.1% -50.1% -55.9% -26.1% 8.0% 24.3% 83.3% 53.9% 44.0% 38.1% -20.6% -20.62%
Op. Income 1.4% 50.1% 6.4% -3.3% -11.7% -7.9% -6.1% -9.8% -37.3% -52.2% -60.3% -62.8% -8.7% 28.4% 61.3% 1.1% 82.5% 79.0% 66.8% 48.1% 48.10%
OCF Growth snapshot only 43.62%
Asset Growth snapshot only 4.13%
Equity Growth snapshot only -3.56%
Debt Growth snapshot only 6.74%
Shares Change snapshot only -7.86%
Dividend Growth snapshot only 38.75%
Growth (CAGR)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 3Y — — — — — — — 40.8% 8.4% -6.0% -15.1% -16.8% -15.6% -11.7% -7.2% -0.6% 7.1% 6.7% 6.8% 7.2% 7.16%
Revenue 5Y — — — — — — — — — — — — — — — 25.0% 9.0% 0.8% -4.7% -5.1% -5.12%
EPS 3Y — — — — — — — 63.3% 11.2% -11.9% -35.1% -39.9% -23.6% -18.8% -28.4% -19.9% -20.1% -18.7% -0.7% -1.6% -1.60%
EPS 5Y — — — — — — — — — — — — — — — 23.1% 6.7% 0.0% -4.8% -4.0% -3.95%
Net Income 3Y — — — — — — — 62.8% 10.5% -12.6% -35.7% -40.4% -24.0% -19.6% -28.6% -21.2% -22.0% -20.9% -3.6% -5.6% -5.59%
Net Income 5Y — — — — — — — — — — — — — — — 21.8% 5.7% -1.8% -6.8% -6.6% -6.61%
EBITDA 3Y — — — — — — — 84.8% 29.2% 0.9% -12.7% -16.7% -12.2% -20.1% 11.2% 34.1% 20.0% 45.3% -5.0% -13.7% -13.75%
EBITDA 5Y — — — — — — — — — — — — — — — 38.5% 19.6% 9.8% 2.7% -3.4% -3.37%
Gross Profit 3Y — — — — — — — 48.5% 13.8% -1.7% -11.7% -13.8% -12.3% -8.8% -4.8% 0.8% 6.9% 6.4% 6.3% 6.6% 6.56%
Gross Profit 5Y — — — — — — — — — — — — — — — 28.5% 12.3% 3.7% -2.0% -2.5% -2.54%
Op. Income 3Y — — — — — — — 62.8% 9.4% -12.9% -26.5% -31.3% -20.3% -17.3% -15.6% -11.1% 1.5% 3.2% 2.2% 4.9% 4.86%
Op. Income 5Y — — — — — — — — — — — — — — — 27.4% 16.9% 8.7% 1.3% 0.1% 0.10%
FCF 3Y — — — — — — — — 6.5% 9.5% -34.5% -6.8% 34.1% 46.1% 47.3% 23.7% 32.6% 20.4% 4.4% 7.1% 7.09%
FCF 5Y — — — — — — — — — — — — — — — — 22.4% 26.2% 21.3% 32.9% 32.92%
OCF 3Y — — — — — — — 1.2% 7.9% 0.2% -24.6% -21.6% -7.7% -5.0% -3.1% -6.4% 2.6% 1.7% 2.9% 5.7% 5.74%
OCF 5Y — — — — — — — — — — — — — — — 55.8% 14.0% 10.6% 1.8% 3.1% 3.13%
Assets 3Y — — — — — — — 0.7% -1.0% -1.2% -6.8% -7.3% -5.0% -4.6% -0.4% 12.0% 11.4% 9.7% 10.9% 3.0% 2.98%
Assets 5Y — — — — — — — — — — — — — — — 1.4% 1.2% -0.2% -1.6% -1.7% -1.74%
Equity 3Y — — — — — — — 5.8% 1.7% 1.9% -1.2% -3.0% 0.2% -1.5% 7.3% 4.3% 1.8% 4.0% 2.2% 2.3% 2.34%
Book Value 3Y — — — — — — — 6.1% 2.3% 2.6% -0.3% -2.2% 0.8% -0.6% 7.5% 6.0% 4.2% 6.9% 5.3% 6.7% 6.66%
Dividend 3Y — — — — — — — 10.0% 3.0% -24.2% -35.0% -47.3% -35.8% -8.8% 20.1% 48.2% 32.5% 18.0% 8.2% 13.1% 13.12%
Growth Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue Stability — — — 0.36 0.04 0.09 0.98 0.13 0.00 0.30 0.94 0.83 0.52 0.48 0.40 0.58 0.95 0.01 0.28 0.27 0.275
Earnings Stability — — — 0.81 1.00 0.93 0.12 0.42 0.10 0.01 0.59 0.00 0.03 0.17 0.58 0.02 0.05 0.16 0.40 0.39 0.385
Margin Stability — — — 0.95 0.92 0.92 0.92 0.92 0.92 0.93 0.93 0.94 0.94 0.95 0.96 0.94 0.94 0.94 0.94 0.94 0.942
Rev. Growth Consistency 0.50 0.50 0.00 0.00 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
Earn. Growth Consistency 0.50 0.50 0.50 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.000
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — — 0.97 0.82 0.50 0.82 0.92 0.50 0.50 0.50 0.50 0.85 0.98 0.50 0.50 0.50 0.83 0.85 0.86 0.858
Earnings Smoothness 0.37 0.80 0.66 0.93 0.63 0.59 0.43 0.76 0.31 0.06 0.01 0.00 0.54 0.95 0.37 0.15 0.56 0.64 0.69 0.70 0.699
ROE Trend — — — 0.26 0.26 0.28 -0.21 -0.06 -0.18 -0.27 -0.42 -0.37 -0.26 -0.23 -0.02 -0.02 0.03 0.07 0.13 0.16 0.158
Gross Margin Trend — — — 0.04 0.07 0.06 0.06 0.05 0.03 0.02 0.01 -0.01 -0.01 -0.00 -0.00 0.00 0.00 0.00 0.01 0.01 0.008
FCF Margin Trend — — — 0.02 0.01 0.02 0.05 0.06 0.01 0.00 -0.03 -0.03 0.03 0.03 0.02 -0.01 0.01 0.01 0.03 0.04 0.045
Sustainable Growth Rate 16.1% 17.2% 37.6% 23.4% 29.3% 20.9% 1.3% 5.6% -1.0% 5.7% 2.8% 5.0% 9.8% 8.2% 6.8% 8.9% 10.2% 10.6% 12.3% 13.1% 13.11%
Internal Growth Rate 6.0% 6.6% 14.3% 10.7% 13.8% 9.3% 0.5% 2.4% — 2.4% 1.2% 2.0% 4.0% 3.3% 2.8% 3.8% 4.3% 4.4% 5.0% 5.3% 5.27%
Cash Flow Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
OCF/Net Income 1.61 1.54 0.95 1.14 0.86 0.94 1.65 1.44 1.24 1.65 2.07 2.81 2.88 2.54 2.38 1.91 1.95 1.99 2.00 2.03 2.027
FCF/OCF 0.16 0.14 0.14 0.17 0.21 0.29 0.50 0.55 0.31 0.32 0.14 0.27 0.51 0.52 0.48 0.40 0.46 0.48 0.52 0.57 0.570
FCF/Net Income snapshot only 1.156
OCF/EBITDA snapshot only 0.843
CapEx/Revenue 7.6% 8.0% 9.2% 10.2% 9.9% 9.6% 7.0% 6.2% 6.0% 6.0% 5.3% 5.3% 5.9% 5.6% 6.3% 6.2% 5.9% 5.8% 5.7% 5.4% 5.38%
CapEx/Depreciation snapshot only 1.186
Accruals Ratio -0.09 -0.07 0.01 -0.03 0.03 0.01 -0.09 -0.08 -0.03 -0.06 -0.05 -0.07 -0.13 -0.12 -0.12 -0.09 -0.10 -0.11 -0.11 -0.12 -0.123
Sloan Accruals snapshot only -0.088
Cash Flow Adequacy snapshot only 1.433
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Dividend Yield — — — — — — — — — — — — — — — — — — — — 5.34%
Dividend/Share $17.57 $15.23 $19.12 $19.54 $19.64 $27.32 $25.12 $25.97 $22.00 $11.77 $6.80 $3.75 $5.66 $8.73 $11.64 $12.04 $12.76 $14.14 $14.68 $16.70 $9.30
Payout Ratio 59.8% 53.5% 41.0% 51.5% 46.9% 62.7% 96.4% 86.3% 1.0% 73.6% 76.1% 49.3% 43.2% 57.3% 68.1% 61.7% 59.7% 60.4% 57.5% 58.3% 58.26%
FCF Payout Ratio 2.3% 2.4% 3.1% 2.6% 2.6% 2.3% 1.2% 1.1% 2.7% 1.4% 2.6% 65.1% 29.6% 43.1% 59.2% 81.6% 66.3% 63.2% 55.5% 50.4% 50.41%
Total Payout Ratio 63.3% 57.1% 43.2% 54.2% 46.9% 77.9% 1.2% 1.1% 1.4% 85.6% 97.0% 49.3% 44.0% 65.6% 90.8% 94.0% 1.1% 1.2% 1.1% 1.1% 1.10%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
DuPont Factors
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Tax Burden (NI/EBT) 0.77 0.72 1.19 1.40 1.13 1.20 0.71 0.69 0.71 0.72 0.61 0.63 0.63 0.64 0.70 0.56 0.57 0.57 0.58 0.70 0.705
Interest Burden (EBT/EBIT) 0.96 0.58 253.62 -4.41 2.54 17.06 0.50 0.54 0.54 0.64 0.52 0.49 0.63 0.65 0.64 0.64 0.65 0.66 0.74 0.83 0.832
EBIT Margin 0.08 0.15 0.00 -0.02 0.05 0.01 0.24 0.25 0.18 0.12 0.09 0.08 0.10 0.11 0.11 0.15 0.15 0.15 0.14 0.11 0.110
Asset Turnover 2.49 2.18 1.90 1.85 1.56 1.59 1.71 1.85 1.74 1.66 1.70 1.52 1.64 1.65 1.70 1.77 1.79 1.83 1.81 1.86 1.855
Equity Multiplier 2.85 2.78 3.01 2.42 2.42 2.46 2.59 2.36 2.31 2.43 2.27 2.53 2.53 2.54 2.47 2.46 2.50 2.50 2.61 2.62 2.619
Per Share
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
EPS (Diluted TTM) $29.37 $28.48 $46.61 $37.95 $41.90 $43.59 $26.06 $30.08 $21.25 $15.99 $8.93 $7.60 $13.12 $15.22 $17.10 $19.50 $21.36 $23.42 $25.52 $28.66 $28.66
Book Value/Share $78.70 $84.13 $65.58 $71.94 $74.30 $70.52 $74.99 $73.82 $73.16 $75.79 $78.64 $78.76 $80.52 $82.52 $81.53 $85.59 $84.16 $86.06 $87.47 $89.59 $91.84
Tangible Book/Share $47.75 $53.82 $50.62 $59.11 $61.76 $57.75 $61.87 $60.69 $59.64 $62.29 $65.22 $65.30 $66.89 $68.73 $67.67 $71.01 $69.38 $70.73 $70.32 $72.12 $72.12
Revenue/Share $519.08 $467.80 $417.16 $352.15 $285.53 $302.97 $311.53 $318.20 $302.84 $297.79 $297.73 $295.39 $316.73 $331.03 $335.40 $362.82 $376.45 $400.33 $414.76 $443.31 $226.26
FCF/Share $7.80 $6.32 $6.11 $7.41 $7.69 $11.80 $21.30 $23.82 $8.24 $8.54 $2.62 $5.76 $19.12 $20.24 $19.66 $14.74 $19.25 $22.35 $26.45 $33.12 $15.00
OCF/Share $47.29 $43.92 $44.38 $43.28 $35.87 $40.88 $42.95 $43.41 $26.43 $26.39 $18.46 $21.33 $37.81 $38.67 $40.67 $37.28 $41.62 $46.69 $51.08 $58.11 $27.67
Cash/Share $14.40 $11.86 $18.60 $6.02 $9.83 $9.67 $12.75 $14.52 $10.86 $17.97 $10.86 $10.38 $11.10 $12.33 $16.97 $12.49 $14.00 $10.38 $15.20 $16.47 $16.67
EBITDA/Share $73.37 $104.50 $40.50 $31.62 $43.56 $25.36 $89.91 $94.91 $69.23 $50.55 $45.33 $42.19 $50.49 $54.81 $56.06 $80.03 $80.87 $84.51 $84.20 $68.95 $68.95
Debt/Share $54.71 $60.31 $65.51 $47.03 $44.27 $55.19 $50.41 $89.82 $89.27 $92.88 $80.92 $80.89 $80.31 $84.43 $90.99 $97.83 $97.37 $98.05 $104.32 $113.33 $113.33
Net Debt/Share $40.31 $48.45 $46.91 $41.01 $34.44 $45.52 $37.66 $75.30 $78.41 $74.91 $70.06 $70.51 $69.22 $72.10 $74.02 $85.34 $83.37 $87.66 $89.12 $96.86 $96.86
Academic Models
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 8 7 6 7 5 6 5 5 4 4 4 5 6 7 7 8 7 8 8 7 7
Beneish M-Score -2.70 -2.43 -2.65 -3.45 -3.00 -3.06 -3.44 -2.63 -2.52 -2.65 -2.57 -2.93 -2.95 -2.96 -2.99 -2.70 -2.82 -2.95 -2.90 -2.99 -2.986
Ohlson O-Score snapshot only -8.376
ROIC (Greenblatt) snapshot only 29.30%
Net-Net WC snapshot only $-95.72
EVA snapshot only $3046897996.02
Credit
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Credit Rating snapshot only BBB
Credit Score 69.20 66.65 66.80 70.25 70.25 71.00 74.60 69.50 66.95 68.15 62.75 65.60 68.00 61.65 58.95 53.70 54.60 56.70 56.70 56.70 56.700
Credit Grade snapshot only 9
Credit Trend snapshot only 3.000
Implied Spread (bps) snapshot only 275.000

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