Also trades as: SAY (NYSE) · $vol 0M

$13.65

+0.33 (+2.48%)

Weekly Expected Move ±4.8%

$12 $13 $14 $14 $15

NYSE · Financial Services · Asset Management · Tech Score Strong Sell · Power 26 · $207.3M mcap · 13M float · 1.20% daily turnover · Short 35% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
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.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

47.1 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 3.7% · 5Y Avg: 3.5%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SAR shows a Weak competitive edge (47.1/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 3.7% suggests modest returns relative to capital deployed.

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

$18

Low

$19

Avg Target

$20

High

Based on 2 analysts since Oct 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 9Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$19.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-08	Compass Point	Casey Alexander	Initiated	$18	—	+19.4%	$15.08
2026-10-08	B.Riley Financial	Sean-Paul Adams	Initiated	$20	—	+34.1%	$14.91
2026-07-09	Oppenheimer	—	Initiated	$21	—	+17.3%	$17.90

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.

C+

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

Rating Change History

Date	From	To
2026-10-14	B-	C+
2026-10-08	B+	B-
2026-10-01	B-	B+
2026-07-25	B	B-
2026-07-08	B+	B
2026-05-26	B	B+
2026-05-20	C+	B
2026-05-05	B+	C+
2026-04-14	A-	B+
2026-04-08	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.

★ ★ ★ ★ ★ 18 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SAR scores highest in Value (49/100) and lowest in Safety (15/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.42

Distress Zone

Piotroski F-Score

2/9

✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓

Beneish M-Score

-1.96

Unlikely Manipulator

Ohlson O-Score

-4.76

Bankruptcy prob: 0.8%

Low Risk

Credit Rating

B-

Score: 23.1/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: 37.05x

Accruals: 12.2%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. SAR scores 0.42, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. 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. SAR scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. 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. SAR's score of -1.96 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. SAR's implied 0.8% 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. SAR receives an estimated rating of B- (score: 23.1/100), with a deteriorating trend.

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

-54.58x

PEG

0.49x

P/S

2.04x

P/B

0.63x

P/FCF

-1.91x

P/OCF

—

EV/EBITDA

20.16x

EV/Revenue

10.42x

EV/EBIT

20.16x

EV/FCF

-7.01x

Earnings Yield

-1.42%

FCF Yield

-52.49%

Shareholder Yield

18.72%

Graham Number

—

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. SAR currently has negative earnings — the P/E ratio is not meaningful.

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

1.785

NI / EBT

Interest Burden

-0.043

EBT / EBIT

EBIT Margin

0.517

EBIT / Rev

Asset Turnover

0.085

Rev / Assets

Equity Multiplier

3.227

Assets / Equity

ROE

-1.1%

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. SAR's ROE of -1.1% is driven by financial leverage (equity multiplier: 3.23x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.79 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

—

Price/Value

—

Margin of Safety

—

Premium

—

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

$13.67

Median 1Y

$12.59

5th Pctile

$6.47

95th Pctile

$24.50

Ann. Volatility

41.9%

Analyst Target

$19.00

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

—

Revenue / Employee

—

Rev: $99,220,563

Profit / Employee

—

NI: $36,604,298

SGA / Employee

—

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	Q3'22	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	Q1'27	Q2'27	Current
ROE	14.5%	13.9%	7.0%	4.9%	4.1%	7.0%	7.6%	9.4%	6.6%	2.5%	4.5%	5.8%	9.3%	7.4%	9.3%	9.0%	9.8%	9.3%	4.1%	-1.1%	-1.09%
ROA	6.7%	6.2%	2.7%	1.9%	1.5%	2.5%	2.4%	3.1%	2.1%	0.8%	1.3%	1.8%	2.8%	2.4%	2.9%	2.9%	3.2%	3.1%	1.3%	-0.3%	-0.34%
ROIC	7.0%	5.7%	2.6%	1.7%	1.4%	2.5%	2.3%	2.9%	2.0%	0.8%	1.4%	1.9%	3.2%	2.7%	3.4%	3.6%	3.8%	3.3%	3.7%	3.7%	3.72%
ROCE	6.2%	5.6%	2.6%	1.8%	1.5%	2.5%	2.4%	3.0%	2.2%	1.0%	1.6%	2.0%	3.1%	2.7%	3.3%	3.2%	3.5%	3.4%	3.8%	4.3%	4.33%
Gross Margin	67.8%	66.8%	9.7%	33.1%	48.9%	69.7%	14.9%	44.7%	-9.5%	42.8%	43.3%	54.7%	47.6%	26.0%	57.5%	55.4%	56.3%	15.7%	77.7%	77.9%	77.88%
Operating Margin	55.0%	55.4%	-17.0%	9.1%	36.4%	61.9%	-1.9%	35.1%	-29.9%	34.2%	30.7%	46.9%	36.2%	13.5%	47.9%	46.3%	43.8%	-5.0%	69.0%	68.7%	68.70%
Net Margin	55.5%	50.6%	-19.5%	8.0%	36.3%	56.7%	-1.6%	35.2%	-35.5%	24.2%	28.9%	46.0%	35.5%	-3.9%	47.6%	47.9%	44.0%	-17.5%	-22.4%	-21.4%	-21.37%
EBITDA Margin	55.0%	55.4%	-17.0%	9.1%	36.4%	61.9%	-1.9%	35.1%	-29.9%	34.2%	30.7%	46.9%	36.2%	13.5%	47.9%	46.3%	43.8%	-5.0%	69.0%	68.7%	68.70%
FCF Margin	-67.6%	-2.6%	-3.2%	-5.3%	-5.9%	-1.9%	-2.1%	-1.2%	-1.3%	-1.8%	48.4%	1.4%	2.3%	2.1%	1.8%	87.8%	-15.3%	-88.7%	-1.5%	-1.5%	-1.49%
OCF Margin	-67.6%	-2.6%	-3.2%	-5.3%	-5.9%	-1.9%	-2.1%	-1.2%	-1.3%	-1.8%	48.4%	1.4%	2.3%	2.1%	1.8%	87.8%	-15.3%	-88.7%	-1.5%	-1.5%	-1.49%
ROE 3Y Avg	snapshot only																				4.38%
ROE 5Y Avg	snapshot only																				5.40%
ROA 3Y Avg	snapshot only																				1.45%
ROIC 3Y Avg	snapshot only																				2.92%
ROIC Economic	snapshot only																				3.44%
Cash ROA	snapshot only																				-12.32%
Cash ROIC	snapshot only																				-13.54%
CROIC	snapshot only																				-13.54%
NOPAT Margin	snapshot only																				40.85%
Pretax Margin	snapshot only																				-2.25%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				10.78%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	Q1'27	Q2'27	Current
P/E Ratio	4.39	4.55	8.89	11.72	15.08	9.08	9.04	6.90	11.12	27.43	16.20	12.38	8.70	11.83	9.88	10.80	9.50	9.92	22.94	-70.58	-54.580
P/S Ratio	2.64	2.69	3.58	3.72	3.98	3.21	3.09	2.62	3.11	3.52	3.25	3.08	3.00	3.53	3.48	3.84	3.60	3.66	3.59	2.83	2.039
P/B Ratio	0.60	0.58	0.60	0.56	0.62	0.65	0.69	0.63	0.71	0.66	0.69	0.70	0.79	0.85	0.88	0.93	0.89	0.92	0.96	0.84	0.625
P/FCF	-3.91	-1.02	-1.14	-0.70	-0.68	-1.72	-1.46	-2.10	-2.44	-1.96	6.71	2.25	1.29	1.68	1.97	4.38	-23.58	-4.13	-2.47	-1.91	-1.905
P/OCF	—	—	—	—	—	—	—	—	—	—	6.71	2.25	1.29	1.68	1.97	4.38	—	—	—	—	—
EV/EBITDA	10.68	13.60	28.90	46.79	59.23	32.50	36.07	28.46	40.81	88.89	54.68	40.50	26.20	30.22	25.61	25.05	23.34	28.02	24.38	20.16	20.156
EV/Revenue	6.87	8.52	13.01	15.79	16.89	12.45	13.19	11.37	12.59	14.95	13.19	11.74	9.86	10.26	9.93	9.64	9.45	10.75	10.96	10.42	10.422
EV/EBIT	10.68	13.60	28.90	46.79	59.23	32.50	36.07	28.46	40.81	88.89	54.68	40.50	26.20	30.22	25.61	25.05	23.34	28.02	24.38	20.16	20.156
EV/FCF	-10.16	-3.25	-4.12	-2.97	-2.88	-6.67	-6.22	-9.12	-9.87	-8.32	27.27	8.60	4.25	4.89	5.62	10.98	-61.90	-12.12	-7.54	-7.01	-7.012
Earnings Yield	22.8%	22.0%	11.2%	8.5%	6.6%	11.0%	11.1%	14.5%	9.0%	3.6%	6.2%	8.1%	11.5%	8.5%	10.1%	9.3%	10.5%	10.1%	4.4%	-1.4%	-1.42%
FCF Yield	-25.6%	-97.6%	-88.0%	-1.4%	-1.5%	-58.2%	-68.7%	-47.6%	-41.0%	-51.0%	14.9%	44.4%	77.3%	59.4%	50.8%	22.8%	-4.2%	-24.2%	-40.4%	-52.5%	-52.49%
PEG Ratio	snapshot only																				0.493
Price/Tangible Book	snapshot only																				0.836
EV/Gross Profit	snapshot only																				16.471
Acquirers Multiple	snapshot only																				20.156
Shareholder Yield	snapshot only																				18.72%

Leverage & Solvency

Metric	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	Q1'27	Q2'27	Current
Current Ratio	24.88	14.67	16.38	1.99	2.39	14.51	4.73	5.33	4.63	3.93	6.94	17.28	18.55	27.93	10.84	29.81	26.86	2.34	5.83	7.61	7.609
Quick Ratio	24.88	14.67	16.38	1.99	2.39	14.51	4.73	5.33	4.63	3.93	6.94	17.28	18.55	27.93	10.84	29.81	26.86	2.34	5.83	7.61	7.609
Debt/Equity	1.31	1.40	1.85	1.84	2.04	2.05	2.34	2.15	2.21	2.17	2.21	2.21	2.20	1.99	1.97	1.89	1.85	1.83	2.12	2.51	2.513
Net Debt/Equity	0.95	1.27	1.57	1.83	2.02	1.86	2.27	2.09	2.15	2.15	2.13	1.98	1.80	1.61	1.64	1.40	1.44	1.78	1.96	2.24	2.241
Debt/Assets	0.55	0.57	0.64	0.64	0.66	0.66	0.69	0.67	0.68	0.67	0.68	0.68	0.68	0.66	0.65	0.64	0.64	0.64	0.67	0.71	0.705
Debt/EBITDA	9.00	10.28	24.60	35.96	45.66	26.58	28.42	22.46	31.57	68.69	42.92	33.31	22.20	24.46	20.02	20.31	18.56	19.05	17.73	16.46	16.461
Net Debt/EBITDA	6.57	9.31	20.94	35.78	45.28	24.12	27.63	21.90	30.72	67.95	41.23	29.88	18.22	19.82	16.64	15.06	14.45	18.48	16.39	14.68	14.680
Interest Coverage	2.69	2.44	1.16	0.69	0.52	0.80	0.73	0.81	0.54	0.24	0.38	0.48	0.72	0.61	0.76	0.75	0.83	0.77	0.90	1.03	1.032
Equity Multiplier	2.37	2.46	2.90	2.89	3.09	3.11	3.40	3.19	3.26	3.22	3.27	3.26	3.25	3.03	3.03	2.94	2.90	2.88	3.16	3.56	3.563
Cash Ratio	snapshot only																				6.878
Debt Service Coverage	snapshot only																				1.032
Cash to Debt	snapshot only																				0.108
FCF to Debt	snapshot only																				-0.175
Defensive Interval	snapshot only																				3189.0 days

Efficiency & Turnover

Metric	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	Q1'27	Q2'27	Current
Asset Turnover	0.11	0.11	0.07	0.06	0.06	0.07	0.07	0.08	0.07	0.06	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.09	0.08	0.08	0.085
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	16.44	12.37	7.25	9.39	7.46	9.93	10.86	12.55	8.68	7.26	8.10	9.05	11.34	10.22	10.31	10.29	12.00	12.92	11.46	11.41	11.411
Payables Turnover	4.93	4.97	4.53	5.30	5.10	7.68	6.11	9.05	7.26	9.80	7.98	9.57	6.86	9.91	5.38	8.08	6.57	13.40	6.14	9.64	9.643
DSO	22	30	50	39	49	37	34	29	42	50	45	40	32	36	35	35	30	28	32	32	32.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	74	73	81	69	72	47	60	40	50	37	46	38	53	37	68	45	56	27	59	38	37.9 days
Cash Conversion Cycle	-52	-44	-30	-30	-23	-11	-26	-11	-8	13	-1	2	-21	-1	-32	-10	-25	1	-28	-6	-5.9 days
Cash Velocity	snapshot only																				1.086
Capital Intensity	snapshot only																				12.066

Growth (YoY)

Metric	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	Q1'27	Q2'27	Current
Revenue	-18.3%	-15.8%	-33.4%	-34.5%	-32.0%	-9.8%	32.0%	69.4%	54.8%	-0.4%	3.5%	-1.6%	21.1%	35.4%	27.9%	16.7%	3.2%	5.4%	0.1%	4.7%	4.74%
Net Income	-32.2%	-28.8%	-60.3%	-63.7%	-70.2%	-46.0%	11.9%	1.0%	64.5%	-63.8%	-39.3%	-35.6%	49.2%	2.1%	1.2%	67.0%	13.1%	30.3%	-55.5%	-1.1%	-1.12%
EPS	-33.8%	-34.0%	-63.4%	-66.1%	-71.3%	-45.3%	14.2%	99.7%	49.8%	-68.4%	-47.4%	-43.0%	41.3%	1.9%	1.0%	45.3%	-3.2%	20.3%	-58.0%	-1.1%	-1.12%
FCF	-4.0%	-29.4%	-38.7%	-1.7%	-4.9%	35.8%	11.3%	60.2%	66.4%	4.1%	1.2%	2.1%	3.2%	2.6%	3.7%	-25.0%	-1.1%	-1.4%	-1.8%	-2.8%	-2.77%
EBITDA	-32.1%	-30.6%	-59.6%	-66.8%	-69.8%	-44.9%	7.2%	1.0%	67.5%	-56.3%	-31.7%	-28.6%	47.6%	1.7%	1.1%	54.9%	11.0%	19.1%	16.1%	40.8%	40.75%
Op. Income	-32.1%	-30.6%	-59.6%	-66.8%	-69.8%	-44.9%	7.2%	1.0%	67.5%	-56.3%	-31.7%	-28.6%	47.6%	1.7%	1.1%	54.9%	11.0%	19.1%	16.1%	40.8%	40.75%
OCF Growth	snapshot only																				-2.77%
Asset Growth	snapshot only																				4.15%
Equity Growth	snapshot only																				-14.11%
Debt Growth	snapshot only																				14.08%
Shares Change	snapshot only																				2.41%
Dividend Growth	snapshot only																				-8.30%

Growth (CAGR)

Metric	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	Q1'27	Q2'27	Current
Revenue 3Y	31.7%	30.8%	14.9%	6.8%	2.9%	6.1%	-1.0%	-2.1%	-4.9%	-8.9%	-3.1%	3.0%	8.4%	6.7%	20.5%	24.8%	24.6%	12.4%	9.8%	6.3%	6.34%
Revenue 5Y	25.2%	27.0%	16.3%	15.4%	14.0%	18.0%	17.4%	17.8%	19.2%	15.0%	15.7%	15.2%	15.3%	10.0%	5.1%	1.5%	1.4%	1.5%	3.1%	6.0%	5.95%
EPS 3Y	18.8%	20.6%	-8.0%	-22.2%	-28.6%	-17.3%	-24.0%	-24.3%	-34.2%	-51.5%	-39.6%	-27.2%	-15.3%	-20.3%	6.4%	18.3%	27.0%	3.6%	-23.7%	—	—
EPS 5Y	15.1%	17.5%	-0.3%	-2.7%	-8.3%	-1.3%	-4.9%	-3.7%	-6.3%	-21.2%	-14.1%	-11.7%	-5.1%	-12.1%	-14.3%	-18.5%	-17.2%	-16.7%	-28.6%	—	—
Net Income 3Y	40.5%	41.4%	7.8%	-10.1%	-19.6%	-12.5%	-22.5%	-22.2%	-30.7%	-48.2%	-35.4%	-22.0%	-9.9%	-15.0%	15.1%	29.7%	40.6%	14.0%	-15.3%	—	—
Net Income 5Y	32.1%	36.3%	15.3%	12.2%	5.3%	13.0%	8.0%	9.9%	6.3%	-11.2%	-3.2%	-1.0%	5.0%	-5.3%	-8.7%	-12.7%	-10.9%	-10.6%	-23.1%	—	—
EBITDA 3Y	43.2%	42.8%	10.4%	-8.4%	-18.4%	-10.6%	-21.0%	-21.2%	-30.0%	-44.9%	-33.4%	-22.0%	-9.3%	-13.0%	14.6%	30.4%	40.0%	12.5%	17.7%	15.9%	15.89%
EBITDA 5Y	33.6%	37.6%	17.8%	13.5%	6.9%	14.8%	9.5%	10.3%	8.2%	-6.8%	-0.3%	2.0%	6.1%	-3.1%	-7.1%	-11.5%	-10.9%	-11.4%	-6.7%	0.7%	0.70%
Gross Profit 3Y	32.1%	31.3%	12.3%	-2.2%	-10.3%	-5.4%	-16.0%	-17.5%	-24.7%	-36.1%	-26.5%	-17.6%	-7.3%	-9.9%	11.8%	23.3%	29.7%	11.1%	14.8%	14.6%	14.60%
Gross Profit 5Y	29.6%	32.5%	15.4%	11.7%	7.4%	13.2%	7.8%	8.1%	6.2%	-4.3%	2.6%	4.2%	7.3%	-0.4%	-5.1%	-9.0%	-8.4%	-8.5%	-4.3%	1.6%	1.64%
Op. Income 3Y	41.8%	41.5%	10.4%	-8.4%	-18.4%	-10.6%	-21.0%	-21.2%	-30.0%	-44.9%	-33.4%	-22.0%	-9.3%	-13.0%	14.6%	30.4%	40.0%	12.5%	17.7%	15.9%	15.89%
Op. Income 5Y	23.2%	25.3%	17.8%	13.5%	6.9%	14.8%	8.9%	9.8%	7.6%	-7.4%	-0.3%	2.0%	6.1%	-3.1%	-7.1%	-11.5%	-10.9%	-11.4%	-6.7%	0.7%	0.70%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	22.5%	24.5%	28.6%	26.9%	26.2%	23.3%	29.2%	25.9%	26.0%	26.2%	19.3%	17.7%	14.5%	10.8%	6.3%	7.4%	4.8%	1.9%	1.5%	2.8%	2.80%
Assets 5Y	22.0%	23.5%	25.8%	21.9%	23.9%	25.1%	26.0%	26.1%	21.6%	21.3%	20.6%	20.6%	18.7%	15.7%	17.8%	15.8%	15.4%	14.0%	11.1%	11.0%	10.99%
Equity 3Y	25.7%	27.1%	24.0%	21.8%	14.4%	7.1%	3.5%	6.7%	6.2%	6.8%	4.7%	4.7%	3.0%	3.3%	4.7%	6.8%	7.2%	4.5%	3.9%	-0.9%	-0.88%
Book Value 3Y	6.2%	8.5%	5.9%	5.3%	1.6%	1.3%	1.5%	3.8%	0.9%	-0.1%	-2.1%	-2.2%	-3.1%	-3.2%	-3.2%	-2.6%	-3.1%	-5.1%	-6.5%	-9.8%	-9.84%
Dividend 3Y	-16.7%	-12.1%	-7.0%	-4.6%	-3.7%	1.8%	5.6%	5.9%	6.5%	5.0%	4.2%	2.5%	-0.1%	1.5%	4.1%	2.2%	2.0%	-1.2%	-11.2%	-10.9%	-10.93%

Growth Quality

Metric	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	Q1'27	Q2'27	Current
Revenue Stability	0.75	0.82	0.51	0.33	0.31	0.56	0.35	0.23	0.22	0.25	0.45	0.59	0.63	0.60	0.31	0.07	0.11	0.08	0.37	0.88	0.879
Earnings Stability	0.69	0.76	0.32	0.13	0.12	0.23	0.03	0.00	0.01	0.06	0.15	0.15	0.13	0.42	0.47	0.40	0.25	0.34	0.38	0.38	0.375
Margin Stability	0.89	0.88	0.86	0.80	0.77	0.82	0.80	0.76	0.70	0.65	0.70	0.74	0.73	0.65	0.69	0.69	0.68	0.61	0.69	0.74	0.737
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	1.00	0.00	1.00	0.50	1.00	0.50	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	0	0	0	0	0
Earnings Persistence	0.87	0.88	0.50	0.50	0.50	0.82	0.95	0.50	0.50	0.50	0.84	0.86	0.80	0.50	0.50	0.50	0.95	0.88	0.50	0.20	0.200
Earnings Smoothness	0.62	0.66	0.14	0.07	0.00	0.40	0.89	0.32	0.51	0.06	0.51	0.57	0.60	0.00	0.23	0.50	0.88	0.74	0.23	—	—
ROE Trend	-0.04	-0.04	-0.12	-0.14	-0.14	-0.10	-0.05	-0.00	-0.03	-0.08	-0.03	-0.01	0.04	0.02	0.03	0.01	0.02	0.04	-0.02	-0.08	-0.083
Gross Margin Trend	-0.01	-0.05	-0.21	-0.30	-0.35	-0.27	-0.22	-0.14	-0.18	-0.34	-0.19	-0.11	0.04	0.04	0.06	0.04	0.06	0.13	0.14	0.19	0.189
FCF Margin Trend	-0.12	-2.65	-2.30	-4.58	-5.63	-0.59	0.22	2.05	2.00	0.45	3.12	4.64	5.90	3.93	2.58	0.82	-0.68	-1.04	-2.58	-2.61	-2.608
Sustainable Growth Rate	9.3%	8.4%	1.1%	-1.4%	-2.2%	0.6%	0.4%	1.7%	-2.0%	-6.4%	-5.1%	-3.9%	-0.5%	-3.3%	-3.4%	-3.7%	-3.3%	-4.0%	-7.9%	—	—
Internal Growth Rate	4.5%	3.9%	0.4%	—	—	0.2%	0.1%	0.6%	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	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	Q1'27	Q2'27	Current
OCF/Net Income	-1.12	-4.44	-7.83	-16.75	-22.27	-5.28	-6.21	-3.28	-4.56	-13.99	2.41	5.49	6.72	7.03	5.02	2.47	-0.40	-2.40	-9.28	37.05	37.045
FCF/OCF	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
FCF/Net Income	snapshot only																				37.045
OCF/EBITDA	snapshot only																				-2.875
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Accruals Ratio	0.14	0.34	0.24	0.33	0.35	0.16	0.17	0.13	0.11	0.12	-0.02	-0.08	-0.16	-0.14	-0.12	-0.04	0.04	0.11	0.14	0.12	0.122
Sloan Accruals	snapshot only																				-0.091
Cash Flow Adequacy	snapshot only																				-3.308

Dividends & Buybacks

Metric	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	Q1'27	Q2'27	Current
Dividend Yield	8.1%	8.7%	9.5%	10.9%	10.1%	10.1%	10.4%	11.8%	11.8%	13.1%	13.3%	13.5%	12.1%	12.3%	13.8%	13.0%	14.1%	14.4%	12.8%	15.9%	23.82%
Dividend/Share	$1.45	$1.51	$1.62	$1.74	$1.78	$1.91	$2.06	$2.20	$2.29	$2.35	$2.48	$2.58	$2.61	$2.79	$3.16	$3.16	$3.21	$3.30	$2.86	$2.90	$3.25
Payout Ratio	35.7%	39.7%	84.5%	1.3%	1.5%	91.9%	94.3%	81.5%	1.3%	3.6%	2.2%	1.7%	1.1%	1.5%	1.4%	1.4%	1.3%	1.4%	2.9%	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	89.1%	30.5%	15.7%	20.6%	27.3%	57.1%	—	—	—	—	—
Total Payout Ratio	40.8%	45.3%	1.1%	1.8%	2.3%	1.4%	1.3%	98.4%	1.5%	3.8%	2.2%	1.7%	1.1%	1.5%	1.4%	1.4%	1.3%	1.4%	2.9%	—	—
Div. Increase Streak	0	1	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0
Chowder Number	0.04	0.18	0.39	0.45	0.38	0.35	0.35	0.41	0.53	0.55	0.52	0.46	0.32	0.39	0.57	0.54	0.58	0.43	0.09	0.10	0.098
Buyback Yield	1.2%	1.2%	2.6%	4.6%	5.2%	4.8%	3.9%	2.5%	1.3%	0.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.8%	2.85%
Net Buyback Yield	-6.3%	-11.6%	-10.4%	-9.4%	-0.3%	4.8%	3.9%	-8.4%	-11.9%	-18.7%	-24.8%	-21.4%	-16.9%	-20.5%	-16.9%	-13.9%	-14.1%	-5.3%	-3.5%	2.4%	2.36%
Total Shareholder Return	1.9%	-2.9%	-0.9%	1.6%	9.8%	14.9%	14.4%	3.4%	-0.1%	-5.6%	-11.5%	-7.9%	-4.8%	-8.2%	-3.0%	-0.9%	-0.0%	9.1%	9.3%	18.2%	18.23%

DuPont Factors

Metric	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	Q1'27	Q2'27	Current
Tax Burden (NI/EBT)	0.94	0.94	0.90	0.94	0.92	0.92	0.93	0.95	0.91	0.76	0.83	0.86	0.92	0.88	0.91	0.92	0.94	0.96	0.92	1.79	1.785
Interest Burden (EBT/EBIT)	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	0.38	-0.04	-0.043
EBIT Margin	0.64	0.63	0.45	0.34	0.29	0.38	0.37	0.40	0.31	0.17	0.24	0.29	0.38	0.34	0.39	0.38	0.40	0.38	0.45	0.52	0.517
Asset Turnover	0.11	0.11	0.07	0.06	0.06	0.07	0.07	0.08	0.07	0.06	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.09	0.08	0.08	0.085
Equity Multiplier	2.18	2.22	2.57	2.60	2.73	2.78	3.15	3.04	3.18	3.16	3.33	3.23	3.26	3.12	3.15	3.09	3.07	2.95	3.10	3.23	3.227

Per Share

Metric	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	Q1'27	Q2'27	Current
EPS (Diluted TTM)	$4.07	$3.80	$1.92	$1.35	$1.17	$2.08	$2.19	$2.71	$1.75	$0.66	$1.15	$1.54	$2.47	$1.92	$2.31	$2.24	$2.39	$2.31	$0.97	$-0.26	$-0.26
Book Value/Share	$29.92	$29.55	$28.50	$28.19	$28.23	$29.20	$28.45	$29.78	$27.55	$27.18	$26.88	$27.11	$27.18	$26.84	$25.83	$26.02	$25.65	$24.99	$23.29	$21.82	$21.82
Tangible Book/Share	$29.92	$29.55	$28.50	$28.19	$28.23	$29.20	$28.45	$29.78	$27.55	$27.18	$26.88	$27.11	$27.18	$26.84	$25.83	$26.02	$25.65	$24.99	$23.29	$21.82	$21.82
Revenue/Share	$6.75	$6.43	$4.75	$4.27	$4.42	$5.88	$6.40	$7.12	$6.24	$5.11	$5.75	$6.21	$7.15	$6.44	$6.56	$6.30	$6.32	$6.26	$6.20	$6.44	$6.44
FCF/Share	$-4.57	$-16.87	$-14.99	$-22.68	$-25.99	$-10.97	$-13.58	$-8.87	$-7.97	$-9.18	$2.78	$8.47	$16.61	$13.50	$11.58	$5.53	$-0.96	$-5.55	$-9.00	$-9.58	$-9.58
OCF/Share	$-4.57	$-16.87	$-14.99	$-22.68	$-25.99	$-10.97	$-13.58	$-8.87	$-7.97	$-9.18	$2.78	$8.47	$16.61	$13.50	$11.58	$5.53	$-0.96	$-5.55	$-9.00	$-9.58	$-9.58
Cash/Share	$10.56	$3.93	$7.84	$0.26	$0.48	$5.53	$1.85	$1.59	$1.64	$0.64	$2.36	$6.16	$10.70	$10.13	$8.57	$12.73	$10.53	$1.37	$3.74	$5.93	$5.93
EBITDA/Share	$4.35	$4.03	$2.14	$1.44	$1.26	$2.25	$2.34	$2.84	$1.93	$0.86	$1.39	$1.80	$2.69	$2.19	$2.54	$2.42	$2.56	$2.40	$2.79	$3.33	$3.33
Debt/Share	$39.11	$41.44	$52.64	$51.83	$57.61	$59.85	$66.56	$63.88	$60.80	$59.00	$59.53	$59.93	$59.74	$53.45	$50.87	$49.24	$47.47	$45.78	$49.39	$54.85	$54.85
Net Debt/Share	$28.55	$37.51	$44.80	$51.57	$57.13	$54.31	$64.71	$62.29	$59.16	$58.36	$57.18	$53.76	$49.03	$43.31	$42.30	$36.51	$36.94	$44.41	$45.65	$48.92	$48.92

Academic Models

Metric	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	Q1'27	Q2'27	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.418
Altman Z-Prime	snapshot only																				0.902
Piotroski F-Score	2	2	2	1	1	3	5	5	4	1	7	5	8	7	8	8	6	4	3	2	2
Beneish M-Score	-1.65	-1.17	2.43	-0.27	-0.06	-1.01	-1.24	-1.31	-5.10	-1.07	-2.43	-2.70	-3.34	-3.10	-3.29	-2.90	-2.22	-1.77	-1.84	-1.96	-1.964
Ohlson O-Score	snapshot only																				-4.762
ROIC (Greenblatt)	snapshot only																				58.43%
Net-Net WC	snapshot only																				$-49.37
EVA	snapshot only																				$-71755694.15

Credit

Metric	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	Q1'27	Q2'27	Current
Credit Rating	snapshot only																				B-
Credit Score	30.31	31.16	24.99	20.22	20.42	22.40	22.25	22.17	21.71	22.32	23.38	26.05	27.54	30.54	29.11	27.83	23.92	22.73	21.69	23.11	23.114
Credit Grade	snapshot only																				16
Credit Trend	snapshot only																				-4.713
Implied Spread (bps)	snapshot only																				900.000
Industry Credit Rank	snapshot only																				8
Sector Credit Rank	snapshot only																				4

SAR NYSE

Edge Score

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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