— Know what they know.
Not Investment Advice
Also trades as: SFL.MI (MIL) · $vol 2M · 0NJ5.L (LSE) · $vol 0M · 0NJ5.IL (IOB) · $vol 0M · SAFLY (OTC) · $vol 0M

SAFLF OTC

Safilo Group S.p.A.
1W: +0.0% 1M: +0.0% 3M: +28.4% YTD: +17.3% 1Y: +239.5% 3Y: +66.5% 5Y: +253.4%
$2.58
+0.00 (+0.00%)
 
OTC · Healthcare · Medical - Instruments & Supplies · Tech Score Neutral · Power 61 · $1.0B mcap · 179M float · 0.0000% 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.

A
Oct 02, 2026
DCF
5
ROE
3
ROA
5
D/E
2
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. SAFLF receives an overall rating of A. Strongest factors: DCF (5/5), ROA (5/5), P/B (4/5). Areas of concern: D/E (2/5).
Rating Change History
DateFromTo
2026-10-01 A- A
2026-08-14 A A-
2026-08-10 A- A
2026-06-29 None ADDED
2026-06-21 EXISTED None
2026-06-16 None ADDED
2026-02-14 EXISTED None
2026-02-09 None ADDED
2026-02-02 EXISTED None
2026-01-28 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
64
Balance Sheet
76
Earnings Quality
59
Growth
54
Value
—
Momentum
82
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
6/9
✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✗
Beneish M-Score
-3.15
Unlikely Manipulator
Ohlson O-Score
-9.33
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
A+
Score: 75.2/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 2.21x
Accruals: -14.3%
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. SAFLF scores 6/9, 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. SAFLF's score of -3.15 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. SAFLF'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. SAFLF receives an estimated rating of A+ (score: 75.2/100), 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). SAFLF'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
14.31x
PEG
0.79x
P/S
0.74x
P/B
1.58x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$2.40
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 14.3x earnings, SAFLF trades at a reasonable valuation. Graham's intrinsic value formula yields $2.40 per share, 8% 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
0.760
NI / EBT
×
Interest Burden
0.849
EBT / EBIT
×
EBIT Margin
0.078
EBIT / Rev
×
Asset Turnover
2.342
Rev / Assets
×
Equity Multiplier
1.892
Assets / Equity
=
ROE
22.2%
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. SAFLF's ROE of 22.2% is driven by Asset Turnover (2.342), 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
$8.84
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 SAFLF's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. SAFLF trades at a premium to its adjusted intrinsic value of $8.84, 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 14.3x.

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
$2.58
Median 1Y
$0.01
5th Pctile
$0.00
95th Pctile
$1.79
Ann. Volatility
345.1%
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 -21.1% -22.9% -51.4% -55.5% -37.4% -89.5% -80.4% -1.2% -98.4% -44.1% -14.4% 21.1% 27.3% 23.2% 8.4% 3.6% -0.6% 12.2% 18.5% 22.2% 22.24%
ROA -12.5% -13.6% -28.6% -30.3% -20.9% -45.0% -35.3% -37.9% -36.9% -13.2% -5.4% 6.0% 8.0% 7.0% 3.3% 1.6% -0.3% 5.6% 8.8% 11.8% 11.75%
ROIC 7.9% 3.2% -1.1% -4.7% -4.2% -1.6% -0.6% -15.0% -16.1% -12.6% -6.5% 9.4% 10.8% 11.1% 8.6% 5.2% -4.1% 13.5% 15.5% 19.6% 19.64%
ROCE 1.5% -1.8% -1.3% -9.7% -9.7% -43.9% -54.8% -83.0% -56.2% -15.5% -6.0% 11.1% 11.9% 10.4% 8.8% 8.3% 8.7% 17.4% 24.6% 27.7% 27.75%
Gross Margin 53.3% 52.5% 47.6% 51.5% 48.0% 50.4% 42.5% 39.2% 43.8% 53.0% 48.4% 55.8% 55.2% 55.0% 51.2% 60.0% 59.3% 61.1% 60.8% 64.5% 64.47%
Operating Margin -0.6% -2.6% -5.9% 1.2% 0.5% 2.5% -5.3% -17.3% -1.2% 4.8% 0.9% 6.8% 2.0% 5.3% -2.1% 5.7% 1.9% 9.5% -0.3% 13.0% 13.03%
Net Margin -26.3% -1.8% -49.6% -3.0% -4.2% -53.2% -12.5% -22.3% 1.2% 0.4% 4.2% 5.7% 4.2% -1.6% -3.3% 3.3% 1.0% 7.8% 1.7% 8.7% 8.68%
EBITDA Margin 2.4% 0.3% -2.6% 2.3% 0.2% -36.3% -3.3% -12.7% 8.1% 9.5% 6.2% 10.1% 4.5% 6.7% 4.1% 9.3% 5.3% 12.1% 10.4% 16.5% 16.50%
FCF Margin 4.6% 0.5% -0.4% -1.9% -4.0% -0.3% -2.4% -0.1% -2.8% -3.9% -1.5% -2.2% -0.5% 0.3% 1.4% 3.0% 5.0% 6.2% 7.4% 10.2% 10.18%
OCF Margin 8.1% 4.2% 2.5% 1.0% -1.5% 2.4% 1.6% 4.1% 1.6% -0.0% 1.0% -0.1% 1.3% 1.8% 2.7% 4.3% 6.1% 7.2% 8.4% 11.1% 11.11%
ROE 3Y Avg snapshot only 13.02%
ROE 5Y Avg snapshot only -58.88%
ROA 3Y Avg snapshot only 6.56%
ROIC 3Y Avg snapshot only 10.28%
ROIC Economic snapshot only 18.33%
Cash ROA snapshot only 26.67%
Cash ROIC snapshot only 45.19%
CROIC snapshot only 41.43%
NOPAT Margin snapshot only 4.83%
Pretax Margin snapshot only 6.60%
R&D / Revenue snapshot only 0.70%
SGA / Revenue snapshot only 44.52%
SBC / Revenue snapshot only 0.10%
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 — — — — — — — — — — — — — — — — — — — — 14.307
P/S Ratio — — — — — — — — — — — — — — — — — — — — 0.742
P/B Ratio — — — — — — — — — — — — — — — — — — — — 1.578
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
PEG Ratio snapshot only 0.787
Graham Number snapshot only $2.40
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 1.67 1.56 1.44 1.07 1.35 1.79 1.78 0.97 1.59 1.62 1.81 1.84 1.91 1.90 1.89 1.89 1.84 1.86 1.71 1.78 1.779
Quick Ratio 1.00 0.91 0.82 0.66 0.86 1.09 0.99 0.56 0.98 1.05 1.05 1.09 1.08 1.14 1.10 1.18 1.08 1.23 1.06 1.23 1.231
Debt/Equity 0.18 0.24 0.39 0.54 0.33 0.36 0.41 1.84 2.17 1.85 0.59 0.46 0.47 0.44 0.42 0.35 0.31 0.29 0.18 0.17 0.166
Net Debt/Equity 0.06 0.14 0.25 0.32 0.05 0.10 0.22 1.16 1.55 1.41 0.29 0.26 0.28 0.26 0.22 0.25 0.20 0.11 0.04 0.01 0.011
Debt/Assets 0.10 0.13 0.18 0.24 0.18 0.15 0.17 0.30 0.34 0.32 0.21 0.18 0.20 0.19 0.18 0.17 0.15 0.14 0.09 0.10 0.097
Debt/EBITDA 1.65 3.55 3.32 20.45 567.55 -0.79 -0.76 -1.26 -1.54 11.00 2.74 1.08 1.21 1.20 1.15 1.10 1.00 0.72 0.37 0.36 0.358
Net Debt/EBITDA 0.51 2.09 2.10 12.32 88.39 -0.22 -0.41 -0.80 -1.10 8.37 1.34 0.62 0.72 0.71 0.60 0.78 0.64 0.27 0.09 0.02 0.024
Interest Coverage 2.03 -5.09 — -13.70 -7.75 -30.45 -32.93 -76.23 — — — — — 6.33 4.95 4.78 3.51 12.16 7.88 6.42 6.419
Equity Multiplier 1.75 1.82 2.18 2.25 1.84 2.34 2.42 6.06 6.38 5.82 2.87 2.50 2.34 2.32 2.26 2.10 2.04 2.00 1.93 1.71 1.714
Cash Ratio snapshot only 0.276
Debt Service Coverage snapshot only 9.301
Cash to Debt snapshot only 0.932
FCF to Debt snapshot only 2.522
Defensive Interval snapshot only 105.5 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 1.62 1.54 1.66 1.50 1.43 1.58 1.86 1.58 1.63 1.86 1.98 2.00 2.18 2.25 2.34 2.22 2.24 2.34 2.45 2.34 2.342
Inventory Turnover 4.50 4.25 4.12 3.98 3.81 3.92 3.88 3.95 4.39 4.60 3.96 4.07 4.19 4.53 4.14 4.08 3.75 4.20 3.92 4.39 4.386
Receivables Turnover 10.05 9.32 10.63 9.84 9.23 8.70 9.87 10.23 9.63 8.25 9.68 10.14 10.58 9.31 11.16 8.59 9.48 8.96 10.15 8.61 8.605
Payables Turnover 9.68 9.44 9.29 9.98 9.01 8.75 9.56 10.94 11.91 10.18 9.44 10.90 11.09 11.12 9.57 10.46 6.82 7.34 6.64 6.78 6.775
DSO 36 39 34 37 40 42 37 36 38 44 38 36 34 39 33 43 39 41 36 42 42.4 days
DIO 81 86 89 92 96 93 94 92 83 79 92 90 87 81 88 89 97 87 93 83 83.2 days
DPO 38 39 39 37 41 42 38 33 31 36 39 33 33 33 38 35 54 50 55 54 53.9 days
Cash Conversion Cycle 80 86 84 92 95 93 93 95 90 88 91 92 89 87 83 97 82 78 74 72 71.8 days
Fixed Asset Turnover snapshot only 18.539
Operating Cycle snapshot only 125.6 days
Cash Velocity snapshot only 26.581
Capital Intensity snapshot only 0.417
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 10.1% 1.2% -6.9% -16.0% -23.1% -21.2% -19.2% -18.2% -11.7% -8.5% -5.4% 15.4% 19.0% 20.3% 20.1% 3.9% -1.4% -3.9% -6.0% -5.2% -5.18%
Net Income -4.6% -6.0% -28.1% -15.0% -45.9% -1.5% 10.7% 2.7% -36.8% 77.2% 86.3% 1.1% 1.2% 1.5% 1.6% -75.7% -1.0% -25.1% 1.4% 5.8% 5.81%
EPS -7.4% -5.9% -27.7% -7.6% 40.4% 5.4% 66.6% 63.1% 31.4% 74.9% 89.9% 1.1% 1.1% 1.4% 1.6% -75.7% -1.0% -25.4% 1.1% 5.6% 5.64%
FCF 4.8% -80.6% -1.2% -1.7% -1.7% -1.5% -3.7% 93.5% 38.0% -10.7% 42.1% -16.1% 80.6% 1.1% 2.1% 2.4% 11.8% 20.8% 3.9% 2.2% 2.23%
EBITDA -57.7% -73.5% -54.7% -89.0% -99.6% -4.4% -3.9% -18.1% -543.0% 1.1% 1.4% 1.7% 1.8% 4.4% 94.5% -24.7% -17.4% 8.9% 35.5% 71.5% 71.52%
Op. Income -38.4% -74.1% -1.1% -1.3% -1.4% -1.2% 65.7% -61.0% -1.1% -6.0% -9.7% 1.9% 2.0% 2.3% 2.9% -4.1% -24.5% -1.3% 32.7% 1.1% 1.11%
OCF Growth snapshot only 1.47%
Asset Growth snapshot only -4.81%
Equity Growth snapshot only 16.64%
Debt Growth snapshot only -44.38%
Shares Change snapshot only 2.56%
Dividend Growth snapshot only -68.14%
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 71.8% 29.7% 12.6% -1.7% -5.1% -5.9% -7.0% -9.1% -9.2% -10.0% -10.7% -7.4% -6.9% -4.6% -2.8% -0.6% 1.2% 1.9% 2.2% 4.4% 4.38%
Revenue 5Y — — — — — — — — 28.0% 9.5% 1.8% -2.2% -2.1% -1.7% -1.8% -2.1% -2.6% -3.3% -4.3% -4.8% -4.81%
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — -23.6% -19.8% -17.8% -28.2% -39.9% — -21.1% — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — -0.7% 4.7% 6.7% -6.9% -21.8% — 2.4% — — —
EBITDA 3Y 30.3% -49.8% -48.8% -70.4% -91.1% — — — — -48.9% -20.2% 10.7% 18.1% 39.4% 29.8% 1.1% 6.0% — — — —
EBITDA 5Y — — — — — — — — — -42.3% -31.5% -20.5% -21.6% -7.5% -8.7% -9.9% -10.5% -4.8% 6.1% 11.8% 11.83%
Gross Profit 3Y 68.8% 26.2% 9.7% -6.0% -7.7% -7.8% -8.8% -11.8% -14.2% -14.1% -13.5% -8.9% -7.1% -4.8% -2.6% 1.9% 5.4% 7.6% 10.2% 15.4% 15.37%
Gross Profit 5Y — — — — — — — — 21.9% 3.9% -2.6% -5.0% -2.5% -1.2% -0.5% 0.0% -1.2% -1.2% -1.2% -2.0% -1.98%
Op. Income 3Y 58.6% -24.1% — — — — — — — — — -19.7% -5.8% 29.9% — — — — — — —
Op. Income 5Y — — — — — — — — — — — -17.3% -13.6% -10.9% -14.6% -16.8% -17.2% -10.9% -7.7% 0.9% 0.93%
FCF 3Y 91.1% -37.9% — — — — — — — — — — — -19.6% — — — — — — —
FCF 5Y — — — — — — — — — — — — — -39.3% -18.8% 4.3% 38.4% 17.1% 21.5% 29.2% 29.24%
OCF 3Y 79.7% 10.6% -14.0% -46.2% — -28.0% -41.9% -16.1% -34.0% — -49.6% — -49.4% -28.0% -0.6% 62.1% — 46.2% 78.3% 45.5% 45.46%
OCF 5Y — — — — — — — — -4.8% — -27.5% — -28.0% -21.2% -17.5% -6.0% 5.3% 1.0% 3.2% 8.7% 8.71%
Assets 3Y 0.9% 0.6% -8.2% -8.5% -7.3% -14.6% -17.3% -13.7% -17.0% -17.2% -16.2% -14.7% -14.3% -14.7% -9.7% -10.4% -10.9% -4.7% -2.9% -6.2% -6.19%
Assets 5Y — — — — — — — — -9.3% -8.2% -9.0% -8.4% -8.4% -9.3% -10.2% -11.0% -12.0% -13.5% -13.8% -12.7% -12.72%
Equity 3Y 4.9% 2.8% -12.8% -15.8% -9.0% -23.4% -26.0% -43.1% -47.2% -46.4% -31.1% -26.3% -22.3% -21.3% -10.7% -8.4% -13.9% 0.5% 4.7% 42.9% 42.93%
Book Value 3Y 20.8% -0.9% -16.0% -16.7% -18.6% -45.2% -46.9% -59.3% -62.1% -60.3% -55.3% -60.8% -58.7% -48.7% -41.9% -40.2% -38.2% -9.2% -9.6% 27.8% 27.84%
Dividend 3Y — — — — — — — — — — — — — -40.0% -40.0% -39.9% — — -40.5% -38.4% -38.40%
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 0.70 0.68 0.57 0.01 0.17 0.37 0.56 0.67 0.31 0.15 0.00 0.37 0.36 0.35 0.37 0.27 0.22 0.24 0.29 0.30 0.302
Earnings Stability 0.43 0.59 0.69 0.74 0.70 0.76 0.78 0.83 0.83 0.43 0.29 0.16 0.13 0.03 0.00 0.00 0.01 0.09 0.28 0.29 0.292
Margin Stability 0.97 0.94 0.94 0.93 0.96 0.96 0.95 0.94 0.91 0.90 0.91 0.91 0.92 0.93 0.93 0.93 0.91 0.91 0.90 0.89 0.889
Rev. Growth Consistency 1.00 1.00 0.00 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 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.00 0.50 1.00 1.00 0.50 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.500
FCF Positive Streak 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0
Earnings Persistence 0.20 0.20 0.50 0.50 0.50 0.50 0.96 0.99 0.85 0.50 0.50 0.20 0.20 0.20 0.20 0.50 0.20 0.50 0.50 0.50 0.500
Earnings Smoothness — — — — — — — — — — — — — — — 0.00 — 0.71 0.17 0.00 0.000
ROE Trend -0.29 -0.31 -0.76 -0.81 -0.36 -1.25 -0.65 -2.12 -2.38 0.05 0.74 1.82 1.76 1.23 0.67 1.23 1.26 0.42 0.22 0.11 0.114
Gross Margin Trend 0.00 0.02 0.03 -0.00 -0.03 -0.04 -0.05 -0.07 -0.07 -0.06 -0.04 0.02 0.06 0.06 0.07 0.07 0.08 0.09 0.10 0.08 0.084
FCF Margin Trend 0.02 -0.02 -0.03 -0.04 -0.07 -0.02 -0.03 -0.00 -0.03 -0.04 -0.00 -0.01 0.03 0.02 0.03 0.04 0.07 0.08 0.07 0.10 0.098
Sustainable Growth Rate — — — — — — — — — — — 20.7% 26.6% 22.9% 8.1% 3.4% — 12.2% 18.4% 22.2% 22.17%
Internal Growth Rate — — — — — — — — — — — 6.2% 8.5% 7.4% 3.3% 1.5% — 6.0% 9.7% 13.3% 13.27%
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 -1.05 -0.47 -0.15 -0.05 0.10 -0.09 -0.08 -0.17 -0.07 0.00 -0.38 -0.04 0.35 0.58 1.93 6.10 -52.67 2.97 2.32 2.21 2.214
FCF/OCF 0.57 0.11 -0.17 -1.90 2.75 -0.13 -1.54 -0.04 -1.76 191.93 -1.43 18.01 -0.35 0.15 0.52 0.70 0.81 0.86 0.88 0.92 0.917
FCF/Net Income snapshot only 2.029
OCF/EBITDA snapshot only 0.985
CapEx/Revenue 3.5% 3.7% 3.0% 2.8% 2.5% 2.7% 4.0% 4.3% 4.4% 3.9% 2.5% 2.1% 1.8% 1.5% 1.3% 1.3% 1.1% 1.0% 1.0% 0.9% 0.92%
CapEx/Depreciation snapshot only 0.265
Accruals Ratio -0.26 -0.20 -0.33 -0.32 -0.19 -0.49 -0.38 -0.44 -0.40 -0.13 -0.08 0.06 0.05 0.03 -0.03 -0.08 -0.14 -0.11 -0.12 -0.14 -0.143
Sloan Accruals snapshot only -0.130
Cash Flow Adequacy snapshot only 11.826
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 — — — — — — — — — — — — — — — — — — — — 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 — — — — — — — — — — — 1.9% 2.6% 1.4% 3.0% 6.1% — 0.0% 0.4% 0.3% 0.29%
FCF Payout Ratio 0.0% 0.0% — — — — — — — — — — — 15.4% 3.0% 1.4% 0.0% 0.0% 0.2% 0.1% 0.14%
Total Payout Ratio — — — — — — — — — — — 1.9% 9.7% 9.6% 21.1% 43.2% — 25.2% 42.1% 32.6% 32.56%
Div. Increase Streak — — — — — — — — — 0 0 0 0 0 0 0 — — 0 0 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) 1.31 1.26 1.14 1.12 1.24 1.21 1.23 1.14 1.07 0.93 0.98 0.79 0.76 0.72 0.66 0.57 -0.19 0.77 0.72 0.76 0.760
Interest Burden (EBT/EBIT) -9.01 8.81 36.52 6.57 3.34 1.66 0.98 1.03 1.09 1.42 1.31 1.02 1.28 1.41 0.90 0.53 0.25 0.69 0.81 0.85 0.849
EBIT Margin 0.01 -0.01 -0.00 -0.03 -0.04 -0.14 -0.16 -0.21 -0.19 -0.05 -0.02 0.04 0.04 0.03 0.02 0.02 0.02 0.05 0.06 0.08 0.078
Asset Turnover 1.62 1.54 1.66 1.50 1.43 1.58 1.86 1.58 1.63 1.86 1.98 2.00 2.18 2.25 2.34 2.22 2.24 2.34 2.45 2.34 2.342
Equity Multiplier 1.69 1.68 1.80 1.83 1.79 1.99 2.27 3.14 2.66 3.35 2.64 3.53 3.39 3.33 2.54 2.30 2.19 2.16 2.09 1.89 1.892
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) $-3.11 $-1.86 $-3.45 $-3.65 $-1.85 $-1.76 $-1.15 $-1.35 $-1.27 $-0.44 $-0.12 $0.14 $0.18 $0.16 $0.07 $0.03 $-0.01 $0.12 $0.15 $0.23 $0.23
Book Value/Share $13.93 $7.07 $4.67 $4.56 $4.22 $1.29 $1.12 $0.53 $0.47 $0.58 $0.79 $0.96 $0.98 $0.95 $0.92 $0.98 $0.99 $0.97 $0.83 $1.11 $1.15
Tangible Book/Share $5.75 $2.78 $2.17 $2.10 $2.36 $1.11 $0.96 $-0.11 $-0.12 $-0.06 $0.37 $0.53 $0.58 $0.57 $0.57 $0.56 $0.58 $0.60 $0.52 $0.77 $0.77
Revenue/Share $40.41 $21.04 $20.03 $18.11 $12.69 $6.20 $6.05 $5.62 $5.62 $6.24 $4.23 $4.75 $4.90 $5.04 $5.08 $4.95 $4.85 $4.83 $4.16 $4.58 $2.30
FCF/Share $1.84 $0.10 $-0.08 $-0.34 $-0.51 $-0.02 $-0.15 $-0.01 $-0.16 $-0.25 $-0.06 $-0.10 $-0.02 $0.01 $0.07 $0.15 $0.24 $0.30 $0.31 $0.47 $0.29
OCF/Share $3.25 $0.88 $0.51 $0.18 $-0.18 $0.15 $0.10 $0.23 $0.09 $-0.00 $0.04 $-0.01 $0.06 $0.09 $0.14 $0.21 $0.30 $0.35 $0.35 $0.51 $0.31
Cash/Share $1.74 $0.68 $0.67 $0.97 $1.16 $0.34 $0.21 $0.36 $0.29 $0.26 $0.24 $0.19 $0.19 $0.17 $0.18 $0.10 $0.11 $0.17 $0.11 $0.17 $0.18
EBITDA/Share $1.53 $0.47 $0.55 $0.12 $0.00 $-0.59 $-0.60 $-0.77 $-0.66 $0.10 $0.17 $0.41 $0.38 $0.35 $0.33 $0.31 $0.31 $0.38 $0.39 $0.52 $0.52
Debt/Share $2.51 $1.67 $1.82 $2.45 $1.38 $0.47 $0.45 $0.98 $1.02 $1.07 $0.47 $0.44 $0.46 $0.42 $0.38 $0.34 $0.31 $0.28 $0.15 $0.18 $0.18
Net Debt/Share $0.77 $0.99 $1.15 $1.47 $0.21 $0.13 $0.24 $0.62 $0.73 $0.82 $0.23 $0.25 $0.27 $0.25 $0.20 $0.24 $0.20 $0.10 $0.04 $0.01 $0.01
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 6 4 3 2 1 3 4 2 3 4 5 6 7 7 8 8 6 6 6 6 6
Beneish M-Score -4.08 -3.91 -4.68 -4.37 -3.82 -5.84 -5.09 -4.93 -4.75 -2.77 -2.68 -1.89 -2.24 -2.45 -2.44 -3.08 -3.23 -3.19 -3.13 -3.15 -3.151
Ohlson O-Score snapshot only -9.325
ROIC (Greenblatt) snapshot only 48.58%
Net-Net WC snapshot only $0.32
EVA snapshot only $46350170.88
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 A+
Credit Score 66.25 44.90 51.15 30.80 34.25 48.20 46.40 37.15 49.70 42.80 51.90 66.80 68.00 64.50 63.15 66.15 70.50 79.25 77.75 75.25 75.250
Credit Grade snapshot only 5
Credit Trend snapshot only 9.100
Implied Spread (bps) snapshot only 125.000

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