$8.40

-0.15 (-1.81%)

After Hours: $8.43 (+0.03, +0.30%)

Weekly Expected Move ±11.6%

$9 $10 $11 $13 $14

NYSE · Industrials · Specialty Business Services · Tech Score Sell · Power 42 · $2.4B mcap · 277M float · 1.23% daily turnover · Short 60% of daily vol

Credit Risk of going bust: higher than 87% of companies Debt: 78.5% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $2.06 (down 76%), PagSeguro Digital Ltd. would be worth roughly what it owes.
Total debt $8.66B against a stock market value of $2.38B.
Distance to default 1.98 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $7.18B (short-term plus half of long-term), stock volatility 55.2%; Altman Z'' 3.50. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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

$11

Low

$11

Avg Target

$11

High

Based on 1 analyst since Aug 11, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 15Hold: 8Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$11.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-29	UBS	Kaio Prato	$12	$11	-2	+23.6%	$8.90
2026-07-23	Jefferies	Diego Pereira	Initiated	$10	—	+7.5%	$9.67
2026-07-17	UBS	—	$14	$12	-2	+36.6%	$9.15
2026-01-29	BTG Pactual	Eduardo Rosman	Initiated	$13	—	+8.3%	$12.00
2026-01-28	Banco Santander	—	Initiated	$14	—	+17.0%	$11.97
2026-01-28	UBS	—	$13	$14	+1	+18.1%	$11.85
2025-11-25	Morgan Stanley	Jorge Kuri	$15	$8	-7	-21.4%	$9.80
2025-11-25	UBS	—	Initiated	$13	—	+32.1%	$9.84
2025-05-14	Susquehanna	James Friedman	Initiated	$14	—	+43.9%	$9.73
2024-10-15	Barclays	John Coffey	$16	$13	-3	+55.3%	$8.37
2024-08-22	Barclays	John Coffey	Initiated	$16	—	+28.3%	$12.47
2024-06-26	Goldman Sachs	Tito Labarta	$14	$15	+1	+34.3%	$11.17
2024-06-13	Bradesco	Victor Schabbel	$33	$16	-17	+36.9%	$11.69
2024-03-26	Evercore ISI	Sheriq Sumar	Initiated	$18	—	+29.3%	$13.92
2024-01-21	Goldman Sachs	Tito Labarta	$9	$14	+5	+7.5%	$12.84
2023-02-06	Citigroup	—	$19	$12	-7	+24.5%	$9.64
2023-01-09	Wells Fargo	—	$16	$10	-6	+4.3%	$9.11
2022-12-23	Cantor Fitzgerald	—	Initiated	$14	—	+62.4%	$8.62
2022-12-21	New Street	—	Initiated	$17	—	+115.5%	$7.89
2022-12-06	Morgan Stanley	—	Initiated	$15	—	+65.0%	$9.09
2022-11-30	Goldman Sachs	Tito Labarta	$15	$9	-6	-14.5%	$10.53
2022-11-29	J.P. Morgan	—	$16	$12	-4	+19.4%	$10.05
2022-09-12	J.P. Morgan	—	Initiated	$16	—	-1.4%	$16.23
2022-09-08	Wells Fargo	—	$21	$16	-5	+6.9%	$14.97
2022-09-06	Goldman Sachs	—	$13	$15	+2	+2.0%	$14.70
2022-08-26	Deutsche Bank	—	Initiated	$25	—	+48.9%	$16.79
2022-07-14	Goldman Sachs	—	$19	$13	-6	+26.4%	$10.29
2022-07-06	Piper Sandler	—	Initiated	$13	—	+20.6%	$10.78
2022-06-21	Citigroup	—	$66	$19	-47	+71.5%	$11.08
2022-06-09	Wells Fargo	—	Initiated	$21	—	+22.1%	$17.20
2022-04-20	Goldman Sachs	—	Initiated	$19	—	+13.4%	$16.76
2021-11-30	Scotiabank	Jason Mollin	Initiated	$39	—	+57.1%	$24.83
2021-11-21	Bradesco	Otavio Tanganelli	Initiated	$33	—	+19.4%	$27.63
2021-10-10	Citigroup	Gabriel Gusan	Initiated	$66	—	+103.9%	$32.37

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 27, 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. PAGS receives an overall rating of B+. Strongest factors: ROE (4/5), P/E (4/5), P/B (4/5). Areas of concern: ROA (2/5), D/E (1/5).

Rating Change History

Date	From	To
2026-10-12	A-	B+
2026-10-01	B+	A-
2026-08-18	A	B+
2026-08-13	B+	A
2026-06-23	A-	B+
2026-05-26	B+	A-
2026-05-21	A-	B+
2026-04-28	B+	A-
2026-04-16	A-	B+
2026-04-10	B+	A-

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

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

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

5/9

✓ ✓ ✗ ✗ ✗ ✓ ✓ ✓ ✗

Beneish M-Score

-2.32

Unlikely Manipulator

Ohlson O-Score

-7.16

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB-

Score: 35.0/100

Trend: Stable

Earnings Quality

25/100

OCF/NI: 0.30x

Accruals: 2.0%

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. PAGS 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. PAGS's score of -2.32 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. PAGS'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. PAGS receives an estimated rating of BB- (score: 35.0/100), 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). PAGS's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

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

5.98x

PEG

1.09x

P/S

0.63x

P/B

0.84x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$96.41

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 6.0x earnings, PAGS trades at a deep value multiple. Graham's intrinsic value formula yields $96.41 per share, suggesting a potential 1026% 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

0.826

NI / EBT

Interest Burden

0.331

EBT / EBIT

EBIT Margin

0.396

EBIT / Rev

Asset Turnover

0.270

Rev / Assets

Equity Multiplier

4.963

Assets / Equity

ROE

14.5%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. PAGS's ROE of 14.5% is driven by financial leverage (equity multiplier: 4.96x). Note: high leverage means ROE is amplified by debt rather than operational performance.

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

$295.99

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 PAGS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. PAGS actually compounded EPS at 17.5% 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. PAGS trades at a premium to its adjusted intrinsic value of $295.99, 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 6.0x.

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

$8.40

Median 1Y

$5.42

5th Pctile

$1.93

95th Pctile

$15.24

Ann. Volatility

62.9%

Analyst Target

$11.00

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

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

8,645

+0.6% YoY

Revenue / Employee

$2,238,917

Rev: $19,355,439,000

Profit / Employee

$240,226

NI: $2,076,751,000

SGA / Employee

$291,987

Avg labor cost proxy

Scaling Efficiency

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	Q3'21	Q4'21	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	Current
ROE	70.9%	63.4%	62.5%	64.8%	69.1%	21.9%	65.2%	65.2%	67.0%	13.2%	68.5%	72.9%	23.6%	15.2%	24.4%	25.5%	15.1%	14.5%	14.6%	14.5%	14.52%
ROA	30.1%	23.6%	22.6%	21.8%	21.6%	5.9%	19.5%	18.8%	18.0%	3.3%	17.4%	18.1%	5.2%	3.3%	5.3%	5.3%	3.2%	2.9%	3.0%	2.9%	2.93%
ROIC	67.4%	76.4%	70.8%	77.8%	89.0%	20.8%	1.1%	1.1%	99.7%	18.9%	87.6%	77.9%	41.3%	9.8%	11.0%	11.2%	11.6%	11.8%	11.6%	10.3%	10.25%
ROCE	84.9%	97.9%	1.0%	1.3%	1.6%	32.5%	1.5%	1.5%	1.4%	26.0%	1.2%	1.2%	20.2%	19.5%	21.3%	24.0%	25.6%	28.4%	26.7%	23.6%	23.64%
Gross Margin	45.0%	42.6%	48.6%	50.8%	53.3%	49.8%	47.6%	48.8%	48.7%	47.5%	48.3%	47.3%	47.8%	48.3%	49.9%	50.7%	51.3%	51.3%	51.2%	51.5%	51.53%
Operating Margin	21.5%	23.4%	29.5%	32.7%	35.4%	35.7%	34.4%	34.8%	33.9%	34.3%	32.4%	31.8%	31.8%	33.8%	35.8%	36.8%	38.4%	39.0%	37.3%	36.2%	36.20%
Net Margin	11.8%	9.4%	10.3%	9.5%	9.5%	10.4%	10.0%	10.2%	10.4%	11.4%	11.5%	11.4%	11.3%	12.0%	11.1%	11.0%	11.3%	9.6%	11.4%	11.3%	11.25%
EBITDA Margin	28.9%	30.0%	36.9%	39.9%	42.7%	43.1%	43.0%	43.5%	42.6%	42.8%	41.2%	39.2%	40.4%	42.2%	46.6%	42.8%	50.6%	48.8%	50.7%	46.0%	46.00%
FCF Margin	-3.7%	-8.3%	-7.1%	-6.6%	-1.7%	11.4%	13.7%	13.5%	12.7%	4.8%	16.2%	-14.8%	-23.9%	-29.5%	-35.6%	0.9%	16.0%	3.6%	1.8%	-2.9%	-2.86%
OCF Margin	10.8%	8.7%	10.3%	6.3%	10.7%	22.2%	22.5%	25.4%	24.8%	14.5%	26.5%	-4.3%	-13.5%	-18.6%	-24.6%	11.2%	25.8%	13.3%	9.5%	3.3%	3.30%
ROE 3Y Avg	snapshot only																				34.15%
ROE 5Y Avg	snapshot only																				44.90%
ROA 3Y Avg	snapshot only																				7.22%
ROIC 3Y Avg	snapshot only																				38.08%
ROIC Economic	snapshot only																				10.09%
Cash ROA	snapshot only																				0.86%
Cash ROIC	snapshot only																				1.09%
CROIC	snapshot only																				-0.94%
NOPAT Margin	snapshot only																				31.21%
Pretax Margin	snapshot only																				13.14%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				13.57%
SBC / Revenue	snapshot only																				0.21%

Valuation

Metric	Q3'21	Q4'21	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	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.982
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.631
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.837
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				1.094
Graham Number	snapshot only																				$96.41

Leverage & Solvency

Metric	Q3'21	Q4'21	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	Current
Current Ratio	1.55	1.41	1.38	1.38	1.33	1.34	1.46	1.43	1.44	1.42	1.43	1.48	1.52	1.51	1.52	1.42	1.42	1.36	1.43	1.55	1.550
Quick Ratio	1.55	1.40	1.38	1.37	1.33	1.34	1.46	1.42	1.43	1.41	1.43	1.48	1.52	1.51	1.52	1.42	1.42	1.36	1.43	1.55	1.550
Debt/Equity	0.26	0.40	0.64	0.96	1.19	1.01	0.90	0.83	0.95	1.24	1.50	1.77	0.21	2.77	2.56	2.79	2.81	3.03	3.19	3.10	3.104
Net Debt/Equity	0.05	0.16	0.40	0.76	0.97	0.77	0.66	0.61	0.71	0.77	0.87	1.33	-0.17	2.67	2.45	2.68	2.68	2.57	2.72	3.01	3.012
Debt/Assets	0.10	0.14	0.20	0.27	0.32	0.26	0.25	0.24	0.26	0.30	0.35	0.38	0.05	0.56	0.55	0.57	0.58	0.60	0.62	0.62	0.616
Debt/EBITDA	0.19	0.26	0.40	0.45	0.46	1.94	0.33	0.33	0.37	2.43	0.60	0.65	0.43	5.43	4.81	4.89	4.71	4.73	4.78	4.80	4.804
Net Debt/EBITDA	0.04	0.10	0.25	0.36	0.38	1.46	0.24	0.24	0.28	1.51	0.35	0.49	-0.35	5.25	4.61	4.70	4.49	4.01	4.09	4.66	4.661
Interest Coverage	23.96	14.57	10.86	9.36	8.50	8.31	8.24	8.22	4.09	2.72	2.07	1.70	1.73	1.67	1.62	1.59	1.52	1.51	1.50	1.49	1.494
Equity Multiplier	2.58	2.96	3.13	3.50	3.76	3.83	3.54	3.42	3.68	4.16	4.30	4.64	4.65	4.97	4.63	4.88	4.86	5.08	5.18	5.04	5.041
Cash Ratio	snapshot only																				0.033
Debt Service Coverage	snapshot only																				1.847
Cash to Debt	snapshot only																				0.030
FCF to Debt	snapshot only																				-0.012
Defensive Interval	snapshot only																				8196.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	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	Current
Asset Turnover	2.23	2.09	2.12	2.14	2.23	0.60	1.98	1.88	1.76	0.31	1.59	1.62	0.46	0.29	0.47	0.46	0.28	0.27	0.28	0.27	0.270
Inventory Turnover	463.04	783.08	644.34	588.56	576.45	673.83	1047.14	963.53	1057.65	347.41	1641.39	1435.10	526.22	542.56	2858.46	3068.04	634.40	11874.07	22270.56	20128.23	20128.233
Receivables Turnover (trade)	3.02	2.82	2.85	2.79	2.86	0.75	2.56	2.39	2.21	0.41	2.12	2.07	0.58	0.37	0.60	0.59	0.36	0.35	0.36	0.35	0.345
Payables Turnover	2.84	2.51	2.79	2.80	2.89	4.94	2.40	2.38	2.33	16.89	3.03	3.10	4.06	16.21	7.33	7.42	15.72	1.61	1.79	14.49	14.486
DSO (trade)	121	129	128	131	128	487	143	153	165	894	172	176	627	977	606	614	1025	1042	1003	1056	1056.5 days
DIO	1	0	1	1	1	1	0	0	0	1	0	0	1	1	0	0	1	0	0	0	0.0 days
DPO	129	145	131	130	126	74	152	153	157	22	121	118	90	23	50	49	23	227	204	25	25.2 days
Cash Conversion Cycle (trade)	-7	-15	-2	1	2	414	-9	0	9	873	52	59	538	955	556	565	1002	815	798	1031	1031.3 days
Fixed Asset Turnover	snapshot only																				7.745
Operating Cycle	snapshot only																				1056.5 days
Cash Velocity	snapshot only																				14.275
Capital Intensity	snapshot only																				3.824

Growth (YoY)

Metric	Q3'21	Q4'21	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	Current
Revenue	48.7%	54.0%	61.7%	60.3%	57.0%	47.2%	32.8%	16.6%	6.2%	3.4%	4.8%	9.8%	14.9%	16.9%	16.3%	14.5%	10.9%	8.1%	5.1%	2.5%	2.51%
Net Income	-5.2%	-9.7%	3.2%	13.3%	12.8%	29.0%	22.5%	15.2%	12.5%	9.9%	15.9%	22.2%	27.5%	28.0%	22.2%	16.3%	10.5%	0.5%	-1.1%	-2.0%	-1.98%
EPS	-6.0%	-10.4%	2.3%	12.4%	14.0%	30.6%	24.6%	17.9%	14.3%	12.7%	18.1%	23.6%	28.7%	30.5%	28.5%	24.4%	20.1%	8.6%	6.9%	5.5%	5.46%
FCF	-1.9%	-35.6%	31.4%	23.3%	30.4%	3.0%	3.5%	3.4%	9.1%	-56.7%	24.3%	-2.2%	-3.2%	-8.2%	-3.6%	1.1%	1.7%	1.1%	1.1%	-4.1%	-4.09%
EBITDA	25.5%	37.2%	77.0%	1.1%	1.1%	1.2%	79.8%	45.7%	21.0%	8.9%	5.5%	5.5%	9.0%	11.0%	15.5%	19.0%	23.6%	25.3%	20.2%	16.8%	16.82%
Op. Income	12.7%	35.3%	95.8%	1.3%	1.5%	1.4%	91.9%	49.8%	20.4%	6.1%	2.6%	3.6%	7.7%	10.6%	14.6%	19.6%	23.3%	24.9%	19.6%	12.0%	12.03%
OCF Growth	snapshot only																				-69.76%
Asset Growth	snapshot only																				6.33%
Equity Growth	snapshot only																				2.96%
Debt Growth	snapshot only																				14.73%
Shares Change	snapshot only																				-7.06%
Dividend Growth	snapshot only																				3.19%

Growth (CAGR)

Metric	Q3'21	Q4'21	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	Current
Revenue 3Y	48.1%	36.4%	37.7%	39.3%	40.3%	39.5%	37.9%	37.9%	35.4%	32.9%	31.0%	27.1%	24.2%	21.2%	17.4%	13.6%	10.6%	9.4%	8.6%	8.8%	8.83%
Revenue 5Y	—	—	—	—	—	—	80.3%	54.4%	40.2%	31.1%	29.4%	28.2%	27.5%	26.9%	26.1%	27.0%	25.9%	24.3%	22.4%	19.2%	19.22%
EPS 3Y	24.5%	8.1%	3.8%	4.3%	3.3%	3.3%	2.8%	4.1%	7.0%	9.7%	14.6%	17.9%	18.8%	24.3%	23.7%	21.9%	20.9%	16.9%	17.5%	17.5%	17.49%
EPS 5Y	—	—	—	—	—	—	56.4%	31.2%	20.2%	13.2%	10.5%	10.6%	10.1%	10.1%	10.5%	11.6%	13.6%	13.3%	15.6%	16.5%	16.53%
Net Income 3Y	26.9%	8.6%	5.2%	4.8%	3.1%	3.3%	2.6%	3.6%	6.4%	8.6%	13.6%	16.8%	17.4%	22.0%	20.1%	17.8%	16.6%	12.2%	11.9%	11.7%	11.67%
Net Income 5Y	—	—	—	—	—	—	59.4%	32.7%	21.0%	12.7%	10.5%	10.1%	9.5%	9.2%	8.8%	9.6%	11.1%	10.5%	12.1%	12.7%	12.69%
EBITDA 3Y	58.0%	39.2%	36.5%	41.3%	44.9%	46.9%	47.0%	47.3%	48.0%	47.6%	49.7%	46.7%	41.2%	37.5%	29.9%	22.3%	17.7%	14.8%	13.6%	13.6%	13.62%
EBITDA 5Y	—	—	—	—	—	—	1.4%	79.7%	59.1%	44.6%	37.0%	34.1%	32.0%	30.8%	31.1%	32.0%	34.3%	34.9%	36.0%	34.4%	34.41%
Gross Profit 3Y	44.7%	33.3%	35.1%	38.0%	40.2%	39.7%	37.7%	39.4%	38.9%	37.3%	36.9%	31.3%	27.1%	24.8%	20.0%	15.3%	11.2%	9.4%	9.1%	9.8%	9.84%
Gross Profit 5Y	—	—	—	—	—	—	84.3%	56.3%	40.8%	31.6%	29.6%	27.9%	26.7%	25.5%	25.0%	27.4%	28.5%	28.2%	27.1%	23.3%	23.30%
Op. Income 3Y	44.7%	34.0%	31.1%	36.3%	40.5%	43.0%	43.6%	47.3%	49.6%	50.9%	56.8%	53.1%	47.4%	41.1%	31.2%	22.9%	16.9%	13.6%	12.0%	11.5%	11.54%
Op. Income 5Y	—	—	—	—	—	—	1.4%	76.4%	55.2%	43.6%	34.7%	31.5%	29.2%	28.0%	28.4%	31.7%	34.8%	36.5%	39.5%	36.9%	36.91%
FCF 3Y	—	—	—	—	—	—	30.1%	18.1%	70.2%	2.1%	—	—	—	—	—	—	—	-25.8%	-44.6%	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-32.0%	51.2%	95.7%	—	—	—
OCF 3Y	—	—	—	—	1.1%	89.4%	25.6%	25.5%	37.2%	31.3%	—	—	—	—	—	37.4%	48.4%	-7.8%	-18.5%	-44.8%	-44.83%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.9%	27.9%	21.3%	—	12.0%	12.02%
Assets 3Y	-21.8%	-21.2%	-15.7%	-16.1%	-14.9%	1.3%	45.1%	44.0%	42.0%	1.3%	44.8%	35.4%	1.4%	1.4%	1.1%	1.1%	1.1%	17.9%	1.1%	1.0%	1.04%
Assets 5Y	—	—	—	—	—	—	1.8%	-1.2%	-1.8%	37.0%	-0.1%	-1.2%	38.9%	82.3%	90.0%	88.7%	85.4%	76.9%	80.3%	73.5%	73.46%
Equity 3Y	-32.6%	-34.0%	-30.8%	-33.3%	-34.5%	81.3%	14.4%	18.1%	17.5%	94.7%	17.1%	9.0%	96.0%	98.1%	87.4%	89.6%	91.2%	7.3%	81.3%	79.5%	79.50%
Book Value 3Y	-33.9%	-34.3%	-31.7%	-33.5%	-34.4%	81.3%	14.7%	18.7%	18.2%	96.7%	18.2%	9.9%	98.4%	1.0%	92.9%	96.2%	98.3%	11.8%	90.4%	88.9%	88.85%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	65.6%	65.59%

Growth Quality

Metric	Q3'21	Q4'21	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	Current
Revenue Stability	0.97	0.93	0.90	0.90	0.91	0.94	0.97	0.97	0.95	0.94	0.95	0.96	0.96	0.97	0.98	0.97	0.95	0.93	0.93	0.94	0.940
Earnings Stability	0.55	0.20	0.54	0.56	0.59	0.48	0.61	0.64	0.69	0.68	0.67	0.71	0.72	0.67	0.71	0.79	0.88	0.89	0.94	0.95	0.950
Margin Stability	0.95	0.93	0.92	0.95	0.95	0.92	0.92	0.95	0.95	0.94	0.93	0.95	0.96	0.94	0.96	0.98	0.96	0.94	0.93	0.94	0.937
Rev. Growth Consistency	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	1.00	1.000
Earn. Growth Consistency	0.00	0.00	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	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.98	0.96	0.99	0.95	0.95	0.88	0.91	0.94	0.95	0.96	0.94	0.91	0.89	0.89	0.91	0.93	0.96	1.00	1.00	0.99	0.992
Earnings Smoothness	0.95	0.90	0.97	0.88	0.88	0.75	0.80	0.86	0.88	0.91	0.85	0.80	0.76	0.75	0.80	0.85	0.90	1.00	0.99	0.98	0.980
ROE Trend	0.15	-0.09	-0.24	-0.11	-0.08	-0.54	0.01	-0.02	-0.04	-0.25	0.05	0.12	-0.50	0.02	-0.49	-0.51	-0.23	0.01	-0.24	-0.30	-0.298
Gross Margin Trend	-0.03	-0.03	-0.01	0.01	0.04	0.07	0.07	0.05	0.02	0.01	0.00	-0.01	-0.01	-0.01	-0.01	0.00	0.02	0.03	0.03	0.03	0.028
FCF Margin Trend	-0.03	-0.07	-0.07	-0.10	-0.03	0.15	0.26	0.24	0.15	0.03	0.13	-0.18	-0.29	-0.38	-0.51	0.02	0.22	0.16	0.12	0.04	0.041
Sustainable Growth Rate	70.9%	63.4%	62.5%	64.8%	69.1%	21.9%	65.2%	65.2%	67.0%	13.2%	68.5%	72.9%	23.6%	15.2%	24.4%	22.8%	12.2%	10.3%	9.2%	8.3%	8.30%
Internal Growth Rate	43.0%	30.9%	29.2%	27.8%	27.6%	6.3%	24.2%	23.2%	22.0%	3.4%	21.0%	22.1%	5.5%	3.4%	5.6%	4.9%	2.6%	2.1%	1.9%	1.7%	1.70%

Cash Flow Quality

Metric	Q3'21	Q4'21	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	Current
OCF/Net Income	0.80	0.77	0.97	0.62	1.10	2.24	2.28	2.52	2.41	1.37	2.43	-0.38	-1.19	-1.61	-2.14	0.99	2.27	1.24	0.88	0.30	0.304
FCF/OCF	-0.35	-0.95	-0.69	-1.05	-0.16	0.51	0.61	0.53	0.51	0.33	0.61	3.45	1.77	1.58	1.45	0.08	0.62	0.27	0.19	-0.86	-0.865
FCF/Net Income	snapshot only																				-0.263
OCF/EBITDA	snapshot only																				0.067
CapEx/Revenue	14.6%	17.0%	17.5%	13.0%	12.3%	10.8%	8.8%	11.8%	12.0%	9.7%	10.3%	10.5%	10.4%	10.9%	11.1%	10.2%	9.8%	9.7%	7.7%	6.2%	6.16%
CapEx/Depreciation	snapshot only																				0.657
Accruals Ratio	0.06	0.05	0.01	0.08	-0.02	-0.07	-0.25	-0.29	-0.25	-0.01	-0.25	0.25	0.11	0.09	0.17	0.00	-0.04	-0.01	0.00	0.02	0.020
Sloan Accruals	snapshot only																				0.041
Cash Flow Adequacy	snapshot only																				0.306
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q3'21	Q4'21	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	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.26%
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	$0.78	$1.46	$2.15	$2.80	$3.29	$4.16
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%	10.8%	19.5%	29.4%	37.1%	42.8%	42.83%
FCF Payout Ratio	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	1.3%	13.8%	88.2%	2.2%	—	—
Total Payout Ratio	0.0%	22.1%	28.2%	26.3%	32.2%	19.4%	16.0%	22.1%	22.1%	16.8%	13.2%	7.2%	19.9%	3.4%	7.3%	39.3%	69.2%	92.7%	1.0%	90.4%	90.41%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	0	1	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q3'21	Q4'21	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	Current
Tax Burden (NI/EBT)	0.76	0.78	0.81	0.81	0.85	0.86	0.86	0.85	0.82	0.82	0.82	0.84	0.86	0.89	0.90	0.90	0.90	0.83	0.82	0.83	0.826
Interest Burden (EBT/EBIT)	0.86	0.70	0.55	0.46	0.37	0.35	0.33	0.34	0.36	0.37	0.39	0.41	0.41	0.40	0.38	0.37	0.35	0.34	0.34	0.33	0.331
EBIT Margin	0.21	0.21	0.24	0.27	0.31	0.33	0.35	0.35	0.35	0.34	0.34	0.33	0.32	0.32	0.33	0.34	0.36	0.38	0.39	0.40	0.396
Asset Turnover	2.23	2.09	2.12	2.14	2.23	0.60	1.98	1.88	1.76	0.31	1.59	1.62	0.46	0.29	0.47	0.46	0.28	0.27	0.28	0.27	0.270
Equity Multiplier	2.36	2.68	2.76	2.98	3.20	3.71	3.34	3.46	3.71	4.00	3.94	4.03	4.51	4.59	4.58	4.85	4.76	5.03	4.90	4.96	4.963

Per Share

Metric	Q3'21	Q4'21	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	Current
EPS (Diluted TTM)	$3.73	$3.51	$3.74	$4.02	$4.25	$4.58	$4.66	$4.74	$4.86	$5.17	$5.50	$5.86	$6.25	$6.74	$7.07	$7.29	$7.51	$7.33	$7.55	$7.69	$7.69
Book Value/Share	$5.77	$5.68	$6.82	$6.42	$6.47	$36.08	$7.35	$7.98	$7.94	$41.36	$8.56	$8.01	$45.04	$46.73	$48.90	$48.50	$50.48	$50.42	$50.71	$53.73	$53.73
Tangible Book/Share	$4.96	$4.78	$5.69	$5.33	$5.35	$29.50	$5.99	$6.47	$6.41	$33.33	$6.92	$6.48	$36.23	$37.41	$39.09	$38.35	$40.07	$39.49	$39.44	$42.13	$42.13
Revenue/Share	$27.65	$31.01	$34.95	$39.54	$43.88	$46.19	$47.20	$47.17	$47.33	$48.99	$50.43	$52.41	$54.90	$58.41	$61.67	$64.22	$66.19	$68.30	$70.01	$70.83	$70.83
FCF/Share	$-1.04	$-2.57	$-2.50	$-2.62	$-0.73	$5.27	$6.46	$6.37	$6.02	$2.34	$8.18	$-7.76	$-13.14	$-17.24	$-21.98	$0.61	$10.61	$2.44	$1.27	$-2.02	$-2.02
OCF/Share	$3.00	$2.70	$3.61	$2.50	$4.69	$10.26	$10.62	$11.96	$11.72	$7.08	$13.37	$-2.25	$-7.43	$-10.88	$-15.15	$7.19	$17.07	$9.08	$6.65	$2.34	$2.34
Cash/Share	$1.17	$1.39	$1.65	$1.28	$1.39	$8.93	$1.73	$1.81	$1.88	$19.39	$5.45	$3.48	$17.33	$4.51	$5.28	$5.24	$6.40	$23.14	$23.56	$4.96	$4.96
EBITDA/Share	$7.69	$8.66	$10.89	$13.62	$16.58	$18.85	$19.91	$20.32	$20.38	$21.04	$21.43	$21.69	$22.43	$23.82	$26.00	$27.62	$30.15	$32.29	$33.77	$34.72	$34.72
Debt/Share	$1.47	$2.27	$4.35	$6.14	$7.69	$36.55	$6.61	$6.64	$7.53	$51.16	$12.88	$14.15	$9.59	$129.47	$125.18	$135.10	$141.90	$152.77	$161.51	$166.78	$166.78
Net Debt/Share	$0.30	$0.88	$2.70	$4.85	$6.30	$27.61	$4.88	$4.83	$5.65	$31.77	$7.42	$10.67	$-7.74	$124.96	$119.91	$129.86	$135.50	$129.63	$137.95	$161.82	$161.82

Academic Models

Metric	Q3'21	Q4'21	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	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	4	3	4	4	6	5	7	8	7	5	5	4	4	6	4	4	7	6	5	5	5
Beneish M-Score	-1.62	-1.74	-1.54	-1.46	-1.92	3.26	-3.20	-3.36	-3.22	-2.32	-3.21	-1.12	2.82	-1.67	2.69	1.97	-2.52	-2.43	-2.36	-2.32	-2.320
Ohlson O-Score	snapshot only																				-7.156
ROIC (Greenblatt)	snapshot only																				30.25%
Net-Net WC	snapshot only																				$18.63
EVA	snapshot only																				$153095146.92

Credit

Metric	Q3'21	Q4'21	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	Current
Credit Rating	snapshot only																				BB-
Credit Score	70.50	65.35	63.95	61.04	59.84	60.82	71.07	71.80	64.13	45.01	59.52	43.44	47.98	35.97	36.31	35.85	37.35	35.11	34.63	35.04	35.044
Credit Grade	snapshot only																				13
Credit Trend	snapshot only																				-0.808
Implied Spread (bps)	snapshot only																				550.000
Industry Credit Rank	snapshot only																				20
Sector Credit Rank	snapshot only																				22

PAGS NYSE

Analyst Insights

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

Workforce & Productivity

Scaling Efficiency

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