Also trades as: SKLUY (OTC) · $vol 0M

NZ$7.82 ($4.37)

-0.03 (-0.38%)

Weekly Expected Move ±5.0%

NZ$7 NZ$7 NZ$8 NZ$8 NZ$9

NZE · Industrials · Industrial - Machinery · Tech Score Buy · Power 61 · NZ$1.5B mcap · 187M float · 0.115% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

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 05, 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. SKL.NZ receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-08-21	A	A-
2026-06-10	A-	A
2026-06-08	A	A-
2026-06-02	A-	A
2026-03-04	A	A-
2026-02-03	C+	A
2026-02-03	C	C+
2026-01-08	C+	C
2026-01-07	C	C+

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.

★ ★ ★ ★ ★ 81 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

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. SKL.NZ scores highest in Safety (100/100) and lowest in Growth (71/100). An overall grade of A+ places SKL.NZ among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score

11.62

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓

Beneish M-Score

-2.66

Unlikely Manipulator

Ohlson O-Score

-11.33

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 95.5/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 1.23x

Accruals: -7.9%

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. SKL.NZ scores 11.62, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. 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. SKL.NZ 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. SKL.NZ's score of -2.66 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. SKL.NZ'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. SKL.NZ receives an estimated rating of AAA (score: 95.5/100), 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). SKL.NZ'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

22.34x

PEG

0.75x

P/S

3.93x

P/B

5.84x

P/FCF

10.26x

P/OCF

8.71x

EV/EBITDA

6.74x

EV/Revenue

1.80x

EV/EBIT

8.11x

EV/FCF

10.49x

Earnings Yield

9.35%

FCF Yield

9.74%

Shareholder Yield

7.65%

Graham Number

$4.29

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 22.3x earnings, SKL.NZ commands a growth premium. An earnings yield of 9.4% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $4.29 per share, 83% 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

0.739

NI / EBT

Interest Burden

1.004

EBT / EBIT

EBIT Margin

0.222

EBIT / Rev

Asset Turnover

2.100

Rev / Assets

Equity Multiplier

1.439

Assets / Equity

ROE

49.7%

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. SKL.NZ's ROE of 49.7% is driven by Asset Turnover (2.100), 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

$23.76

Price/Value

0.28x

Margin of Safety

72.23%

Premium

-72.23%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SKL.NZ's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. SKL.NZ actually compounded EPS at 28.0% 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. SKL.NZ trades at a -72% premium to its adjusted intrinsic value of $23.76, 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 22.3x.

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

$7.85

Median 1Y

$9.22

5th Pctile

$5.55

95th Pctile

$15.37

Ann. Volatility

31.5%

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	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	Q4'26	Current
ROE	27.8%	26.7%	28.0%	30.1%	33.0%	33.4%	33.4%	32.6%	35.6%	37.0%	42.8%	44.5%	46.3%	46.8%	46.5%	44.4%	45.4%	43.6%	47.4%	49.7%	49.67%
ROA	20.3%	19.0%	19.5%	20.6%	22.6%	22.8%	21.9%	21.7%	24.2%	25.6%	27.7%	28.4%	29.5%	31.5%	30.6%	29.1%	28.9%	29.3%	31.5%	34.5%	34.51%
ROIC	21.7%	21.4%	22.1%	23.7%	26.3%	26.7%	25.2%	25.2%	29.4%	31.0%	32.4%	33.1%	32.9%	35.8%	37.2%	19.1%	19.0%	15.4%	16.3%	37.4%	37.39%
ROCE	29.1%	28.9%	29.2%	31.2%	34.7%	35.0%	33.1%	34.1%	38.5%	41.4%	43.3%	43.9%	43.5%	46.2%	46.7%	49.4%	48.7%	50.3%	51.1%	52.5%	52.51%
Gross Margin	36.6%	37.9%	35.8%	38.2%	37.7%	37.9%	37.4%	39.1%	40.7%	40.6%	40.4%	39.5%	40.4%	43.0%	42.6%	44.0%	43.2%	43.6%	44.0%	44.7%	44.71%
Operating Margin	11.5%	16.2%	14.4%	17.2%	16.2%	17.5%	14.3%	17.4%	19.4%	19.4%	20.9%	19.7%	20.4%	22.7%	20.1%	-18.3%	20.8%	14.1%	22.2%	22.0%	22.04%
Net Margin	9.2%	11.7%	10.0%	12.6%	11.2%	12.5%	9.8%	13.2%	14.2%	14.5%	15.4%	14.8%	13.9%	16.6%	13.7%	14.6%	14.6%	16.1%	15.8%	18.8%	18.76%
EBITDA Margin	15.2%	19.1%	17.6%	20.0%	19.2%	20.6%	19.6%	24.3%	24.7%	24.4%	25.9%	25.0%	24.8%	27.3%	25.0%	25.8%	26.2%	26.7%	27.0%	26.7%	26.65%
FCF Margin	-1.7%	0.0%	4.4%	7.1%	8.8%	9.7%	10.6%	13.7%	17.4%	17.9%	16.9%	14.2%	10.8%	12.1%	14.3%	16.2%	18.0%	17.5%	16.7%	17.1%	17.13%
OCF Margin	12.6%	12.4%	12.4%	11.0%	11.2%	11.8%	13.5%	15.5%	19.3%	20.1%	18.3%	17.1%	13.9%	15.0%	17.4%	18.8%	20.6%	20.1%	19.7%	20.2%	20.18%
ROE 3Y Avg	snapshot only																				43.61%
ROE 5Y Avg	snapshot only																				38.20%
ROA 3Y Avg	snapshot only																				29.36%
ROIC 3Y Avg	snapshot only																				30.90%
ROIC Economic	snapshot only																				36.74%
Cash ROA	snapshot only																				40.21%
Cash ROIC	snapshot only																				51.55%
CROIC	snapshot only																				43.75%
NOPAT Margin	snapshot only																				14.64%
Pretax Margin	snapshot only																				22.23%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				21.82%
SBC / Revenue	snapshot only																				0.04%

Valuation

Metric	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	Q4'26	Current
P/E Ratio	4.50	5.12	5.49	5.44	5.24	6.21	6.32	5.67	8.95	11.55	12.84	9.93	9.84	8.03	9.21	6.89	9.73	8.84	9.54	10.69	22.343
P/S Ratio	0.45	0.52	0.57	0.60	0.60	0.72	0.73	0.66	1.12	1.51	1.85	1.46	1.44	1.22	1.36	1.02	1.45	1.31	1.46	1.76	3.931
P/B Ratio	1.23	1.37	1.50	1.56	1.62	1.96	2.03	1.79	3.08	4.08	5.18	4.13	4.31	3.52	4.09	2.94	4.24	3.73	4.32	4.98	5.837
P/FCF	-25.97	3521.54	13.03	8.41	6.80	7.39	6.87	4.85	6.43	8.43	10.94	10.34	13.29	10.03	9.49	6.28	8.07	7.48	8.75	10.26	10.262
P/OCF	3.60	4.19	4.61	5.42	5.34	6.11	5.38	4.29	5.80	7.49	10.08	8.55	10.33	8.14	7.83	5.40	7.03	6.53	7.43	8.71	8.709
EV/EBITDA	3.16	3.50	3.72	3.67	3.50	4.10	4.22	3.65	5.29	6.67	7.78	6.22	6.22	5.10	5.67	4.21	5.86	5.29	5.88	6.74	6.736
EV/Revenue	0.54	0.60	0.65	0.66	0.66	0.80	0.84	0.77	1.18	1.56	1.93	1.56	1.56	1.31	1.45	1.08	1.53	1.37	1.56	1.80	1.796
EV/EBIT	3.87	4.29	4.53	4.43	4.15	4.84	5.09	4.51	6.58	8.37	9.53	7.53	7.55	6.16	6.92	5.00	6.97	6.24	6.92	8.11	8.108
EV/FCF	-30.90	4098.24	14.88	9.37	7.58	8.16	7.92	5.60	6.81	8.72	11.44	10.98	14.37	10.80	10.10	6.69	8.48	7.84	9.31	10.49	10.485
Earnings Yield	22.2%	19.5%	18.2%	18.4%	19.1%	16.1%	15.8%	17.6%	11.2%	8.7%	7.8%	10.1%	10.2%	12.5%	10.9%	14.5%	10.3%	11.3%	10.5%	9.4%	9.35%
FCF Yield	-3.9%	0.0%	7.7%	11.9%	14.7%	13.5%	14.6%	20.6%	15.6%	11.9%	9.1%	9.7%	7.5%	10.0%	10.5%	15.9%	12.4%	13.4%	11.4%	9.7%	9.74%
PEG Ratio	snapshot only																				0.754
Price/Tangible Book	snapshot only																				6.751
EV/OCF	snapshot only																				8.899
EV/Gross Profit	snapshot only																				4.091
Acquirers Multiple	snapshot only																				9.070
Shareholder Yield	snapshot only																				7.65%
Graham Number	snapshot only																				$4.29

Leverage & Solvency

Metric	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	Q4'26	Current
Current Ratio	2.94	2.83	3.17	3.05	3.48	3.82	3.51	3.08	2.77	2.56	2.93	2.66	3.40	3.47	3.91	3.36	3.28	3.18	3.45	3.05	3.048
Quick Ratio	1.52	1.59	1.69	1.73	1.69	2.15	1.82	1.65	1.58	1.48	1.54	1.42	1.53	1.74	1.87	1.73	1.48	1.62	1.73	1.68	1.681
Debt/Equity	0.28	0.26	0.28	0.23	0.23	0.26	0.39	0.35	0.29	0.22	0.32	0.33	0.43	0.34	0.35	0.27	0.30	0.24	0.38	0.18	0.184
Net Debt/Equity	0.23	0.22	0.21	0.18	0.19	0.21	0.31	0.28	0.18	0.14	0.24	0.26	0.35	0.27	0.26	0.19	0.22	0.18	0.28	0.11	0.108
Debt/Assets	0.19	0.18	0.19	0.16	0.16	0.18	0.25	0.23	0.19	0.15	0.21	0.21	0.26	0.23	0.23	0.18	0.20	0.17	0.25	0.13	0.130
Debt/EBITDA	0.61	0.58	0.60	0.49	0.45	0.49	0.70	0.62	0.47	0.35	0.46	0.46	0.57	0.46	0.46	0.36	0.40	0.33	0.49	0.24	0.244
Net Debt/EBITDA	0.50	0.49	0.46	0.38	0.36	0.39	0.56	0.49	0.30	0.22	0.34	0.36	0.47	0.36	0.34	0.26	0.29	0.24	0.36	0.14	0.143
Interest Coverage	—	—	—	—	—	—	—	—	—	—	—	—	65.55	30.13	19.65	15.09	15.42	17.28	20.45	24.29	24.288
Equity Multiplier	1.48	1.49	1.49	1.46	1.43	1.44	1.56	1.54	1.51	1.45	1.53	1.59	1.62	1.52	1.51	1.46	1.52	1.45	1.50	1.42	1.421
Cash Ratio	snapshot only																				0.337
Debt Service Coverage	snapshot only																				29.232
Cash to Debt	snapshot only																				0.414
FCF to Debt	snapshot only																				2.629
Defensive Interval	snapshot only																				205.6 days

Efficiency & Turnover

Metric	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	Q4'26	Current
Asset Turnover	2.01	1.88	1.88	1.88	1.99	1.96	1.90	1.86	1.94	1.96	1.92	1.92	2.01	2.07	2.07	1.98	1.94	1.98	2.05	2.10	2.100
Inventory Turnover	6.38	6.34	6.08	6.62	6.18	6.78	6.37	6.21	6.01	6.51	5.99	5.86	5.75	6.15	5.77	5.41	4.54	5.07	5.14	5.46	5.456
Receivables Turnover	12.11	10.08	11.30	11.01	12.67	10.96	12.06	11.33	12.01	11.53	12.27	12.21	13.39	13.68	13.78	12.40	13.34	13.25	14.94	12.98	12.978
Payables Turnover	13.02	23.19	11.91	20.87	14.11	23.60	13.62	20.90	12.20	23.35	13.53	22.67	13.21	29.73	15.19	24.48	12.93	28.89	15.09	25.34	25.342
DSO	30	36	32	33	29	33	30	32	30	32	30	30	27	27	26	29	27	28	24	28	28.1 days
DIO	57	58	60	55	59	54	57	59	61	56	61	62	63	59	63	67	80	72	71	67	66.9 days
DPO	28	16	31	17	26	15	27	17	30	16	27	16	28	12	24	15	28	13	24	14	14.4 days
Cash Conversion Cycle	59	78	62	71	62	72	61	74	61	72	64	76	63	74	66	82	80	87	71	81	80.6 days
Fixed Asset Turnover	snapshot only																				6.287
Operating Cycle	snapshot only																				95.0 days
Cash Velocity	snapshot only																				37.123
Capital Intensity	snapshot only																				0.502

Growth (YoY)

Metric	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	Q4'26	Current
Revenue	6.0%	5.5%	5.1%	8.8%	14.7%	15.3%	14.3%	10.3%	8.4%	9.2%	13.4%	19.9%	21.7%	22.5%	17.8%	11.4%	6.2%	5.2%	7.9%	12.0%	11.96%
Net Income	-31.0%	-32.4%	-27.8%	16.3%	29.3%	32.1%	27.0%	17.7%	19.1%	22.9%	41.7%	51.4%	42.6%	42.6%	20.9%	11.2%	8.2%	2.7%	11.9%	24.9%	24.93%
EPS	-30.9%	-33.7%	-28.5%	15.2%	28.1%	31.4%	27.0%	16.0%	17.9%	23.4%	40.1%	51.7%	43.0%	41.8%	20.3%	11.8%	8.0%	3.3%	12.1%	23.7%	23.67%
FCF	-1.2%	-99.8%	-13.5%	4.6%	6.7%	763.0%	1.8%	1.1%	1.2%	1.0%	80.9%	24.2%	-24.2%	-16.8%	-0.1%	27.2%	76.3%	51.6%	25.8%	18.6%	18.56%
EBITDA	4.0%	1.6%	6.6%	13.2%	27.3%	29.9%	29.9%	27.6%	27.8%	31.4%	41.8%	43.2%	36.2%	35.0%	21.0%	14.5%	10.5%	6.1%	11.8%	16.0%	15.99%
Op. Income	5.0%	1.3%	7.6%	14.1%	31.5%	34.3%	29.7%	20.6%	16.6%	18.4%	34.3%	45.3%	42.1%	44.6%	26.6%	-39.0%	-42.1%	-55.2%	-48.7%	1.0%	1.04%
OCF Growth	snapshot only																				20.12%
Asset Growth	snapshot only																				11.35%
Equity Growth	snapshot only																				14.46%
Debt Growth	snapshot only																				-20.67%
Shares Change	snapshot only																				1.02%
Dividend Growth	snapshot only																				16.19%

Growth (CAGR)

Metric	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	Q4'26	Current
Revenue 3Y	4.0%	4.1%	3.6%	4.0%	5.9%	7.0%	8.1%	8.8%	9.6%	9.9%	10.9%	12.9%	14.8%	15.5%	15.1%	13.8%	11.9%	12.1%	13.0%	14.4%	14.36%
Revenue 5Y	5.6%	3.7%	3.6%	4.0%	5.4%	6.3%	6.5%	6.6%	6.9%	7.3%	7.6%	8.3%	9.4%	10.4%	11.0%	11.5%	11.2%	11.3%	11.6%	12.4%	12.40%
EPS 3Y	16.0%	9.0%	4.7%	2.9%	6.4%	7.9%	10.0%	-1.9%	1.4%	2.4%	8.3%	26.6%	29.2%	32.0%	28.9%	25.3%	22.1%	21.8%	23.6%	28.0%	28.00%
EPS 5Y	4.6%	12.3%	13.9%	15.2%	15.5%	11.7%	17.9%	19.6%	18.7%	16.0%	15.4%	13.9%	15.2%	17.1%	17.5%	9.9%	10.0%	9.5%	11.4%	22.9%	22.89%
Net Income 3Y	16.1%	9.9%	5.1%	3.3%	6.8%	8.8%	10.4%	-1.1%	2.1%	3.2%	9.1%	27.5%	30.0%	32.3%	29.6%	25.6%	22.5%	21.7%	24.2%	28.1%	28.11%
Net Income 5Y	15.9%	25.0%	25.0%	26.4%	22.4%	18.7%	20.3%	22.4%	19.2%	16.6%	15.9%	14.4%	15.6%	17.7%	18.2%	10.2%	10.4%	10.0%	11.9%	23.5%	23.55%
EBITDA 3Y	5.0%	2.5%	0.3%	-0.1%	4.4%	7.6%	10.4%	15.2%	19.2%	20.2%	25.2%	27.4%	30.4%	32.1%	30.6%	27.9%	24.4%	23.5%	24.2%	23.9%	23.88%
EBITDA 5Y	7.5%	11.6%	12.8%	15.1%	13.2%	10.9%	12.1%	13.9%	13.5%	13.0%	13.2%	12.7%	14.6%	17.2%	18.2%	20.2%	20.6%	20.0%	21.6%	22.4%	22.41%
Gross Profit 3Y	3.9%	2.7%	1.3%	1.3%	3.4%	4.4%	5.6%	6.4%	8.2%	9.1%	11.4%	14.1%	16.5%	18.6%	19.2%	19.0%	17.4%	17.7%	18.6%	19.9%	19.95%
Gross Profit 5Y	-12.8%	-14.7%	-12.2%	-8.5%	-2.3%	6.0%	6.4%	6.7%	7.0%	7.4%	7.8%	8.3%	9.4%	10.7%	11.5%	12.5%	12.8%	12.9%	13.8%	15.1%	15.11%
Op. Income 3Y	16.3%	14.2%	6.8%	2.9%	6.7%	7.9%	10.5%	13.8%	17.2%	17.2%	23.3%	26.0%	29.7%	32.0%	30.1%	2.2%	-1.4%	-8.4%	-4.5%	21.8%	21.83%
Op. Income 5Y	8.5%	15.2%	17.0%	19.9%	16.6%	13.0%	15.9%	19.4%	19.3%	18.9%	16.3%	13.8%	15.0%	16.6%	18.0%	5.5%	5.8%	0.9%	4.0%	20.0%	19.99%
FCF 3Y	—	—	—	—	—	66.3%	31.3%	6.8%	24.6%	36.0%	63.0%	—	—	9.8%	71.0%	49.8%	42.3%	36.2%	31.5%	23.3%	23.28%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	50.3%	32.5%	14.0%	20.9%	26.0%	40.4%	—	—
OCF 3Y	—	—	—	—	53.5%	30.0%	19.5%	-0.1%	12.9%	15.8%	13.8%	28.0%	18.7%	23.2%	29.0%	36.1%	37.3%	33.8%	28.0%	24.9%	24.95%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	42.9%	30.2%	24.0%	10.1%	14.8%	14.8%	15.0%	25.2%	25.22%
Assets 3Y	9.5%	11.0%	11.7%	13.0%	13.0%	11.8%	16.1%	15.2%	15.2%	10.4%	12.3%	13.9%	14.4%	13.0%	10.8%	10.0%	11.6%	10.8%	9.4%	9.6%	9.58%
Assets 5Y	3.8%	3.2%	3.6%	5.4%	5.1%	7.7%	9.1%	10.4%	10.3%	10.4%	11.9%	14.0%	14.5%	13.2%	13.5%	12.6%	13.5%	10.5%	10.8%	10.4%	10.36%
Equity 3Y	14.8%	13.0%	13.9%	12.4%	13.0%	12.7%	12.6%	8.5%	8.2%	7.1%	8.5%	10.7%	11.0%	12.3%	10.3%	10.0%	9.4%	10.4%	10.8%	12.5%	12.49%
Book Value 3Y	14.7%	12.2%	13.5%	12.0%	12.7%	11.7%	12.2%	7.6%	7.5%	6.3%	7.8%	9.8%	10.4%	12.0%	9.7%	9.8%	9.0%	10.6%	10.3%	12.4%	12.39%
Dividend 3Y	2.9%	1.2%	1.5%	2.4%	4.2%	7.0%	9.0%	9.8%	7.8%	5.7%	7.1%	7.1%	12.4%	12.9%	11.8%	10.7%	6.8%	6.7%	4.8%	5.4%	5.40%

Growth Quality

Metric	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	Q4'26	Current
Revenue Stability	0.90	0.97	0.96	0.78	0.78	0.86	0.90	0.93	0.89	0.89	0.85	0.80	0.83	0.86	0.91	0.94	0.96	0.96	0.97	0.98	0.977
Earnings Stability	0.68	0.72	0.75	0.60	0.64	0.61	0.64	0.47	0.58	0.60	0.65	0.48	0.59	0.63	0.74	0.66	0.72	0.72	0.80	0.96	0.959
Margin Stability	0.47	0.47	0.58	0.69	0.83	0.96	0.96	0.97	0.97	0.97	0.97	0.97	0.97	0.96	0.95	0.95	0.95	0.95	0.95	0.94	0.940
Rev. Growth Consistency	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	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	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	1.00	1.000
FCF Positive Streak	0	1	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.88	0.87	0.89	0.93	0.88	0.87	0.89	0.93	0.92	0.91	0.83	0.50	0.83	0.83	0.92	0.96	0.97	0.99	0.95	0.90	0.900
Earnings Smoothness	0.63	0.61	0.68	0.85	0.74	0.72	0.76	0.84	0.83	0.79	0.65	0.59	0.65	0.65	0.81	0.89	0.92	0.97	0.89	0.78	0.778
ROE Trend	-0.12	-0.10	-0.10	-0.06	-0.03	-0.02	-0.01	0.04	0.05	0.06	0.11	0.12	0.11	0.10	0.08	0.06	0.04	0.03	0.03	0.04	0.044
Gross Margin Trend	-0.02	-0.03	-0.03	-0.03	-0.02	-0.02	-0.01	-0.00	0.01	0.02	0.03	0.03	0.02	0.02	0.02	0.03	0.04	0.03	0.03	0.03	0.025
FCF Margin Trend	-0.07	-0.06	-0.01	0.01	0.04	0.05	0.06	0.11	0.14	0.13	0.09	0.04	-0.02	-0.02	0.01	0.02	0.04	0.02	0.01	0.02	0.020
Sustainable Growth Rate	4.6%	5.0%	5.7%	7.8%	8.7%	7.5%	5.9%	4.7%	7.5%	8.9%	11.6%	12.9%	9.2%	10.7%	6.7%	5.7%	4.1%	4.0%	5.1%	9.0%	9.03%
Internal Growth Rate	3.5%	3.7%	4.1%	5.6%	6.4%	5.4%	4.0%	3.3%	5.4%	6.5%	8.1%	9.0%	6.3%	7.7%	4.6%	3.9%	2.7%	2.8%	3.5%	6.7%	6.70%

Cash Flow Quality

Metric	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	Q4'26	Current
OCF/Net Income	1.25	1.22	1.19	1.00	0.98	1.02	1.17	1.32	1.54	1.54	1.27	1.16	0.95	0.99	1.18	1.28	1.38	1.35	1.28	1.23	1.228
FCF/OCF	-0.14	0.00	0.35	0.64	0.78	0.83	0.78	0.88	0.90	0.89	0.92	0.83	0.78	0.81	0.83	0.86	0.87	0.87	0.85	0.85	0.849
FCF/Net Income	snapshot only																				1.042
OCF/EBITDA	snapshot only																				0.757
CapEx/Revenue	14.4%	12.4%	8.0%	3.9%	2.4%	2.0%	2.9%	1.8%	1.9%	2.2%	1.4%	3.0%	3.1%	2.8%	3.0%	2.6%	2.6%	2.6%	3.0%	3.1%	3.05%
CapEx/Depreciation	snapshot only																				0.644
Accruals Ratio	-0.05	-0.04	-0.04	-0.00	0.00	-0.00	-0.04	-0.07	-0.13	-0.14	-0.08	-0.05	0.01	0.00	-0.05	-0.08	-0.11	-0.10	-0.09	-0.08	-0.079
Sloan Accruals	snapshot only																				-0.048
Cash Flow Adequacy	snapshot only																				1.223
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	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	Q4'26	Current
Dividend Yield	18.5%	15.9%	14.5%	13.6%	14.1%	12.5%	13.0%	15.1%	8.8%	6.6%	5.7%	7.2%	8.1%	9.6%	9.3%	12.6%	9.4%	10.3%	9.4%	7.7%	4.11%
Dividend/Share	$0.18	$0.18	$0.18	$0.19	$0.20	$0.22	$0.24	$0.25	$0.26	$0.27	$0.30	$0.32	$0.37	$0.38	$0.42	$0.43	$0.46	$0.47	$0.49	$0.50	$0.32
Payout Ratio	83.3%	81.4%	79.8%	74.2%	73.6%	77.4%	82.3%	85.4%	78.9%	76.0%	72.8%	71.0%	80.0%	77.2%	85.6%	87.1%	91.1%	90.8%	89.2%	81.8%	81.81%
FCF Payout Ratio	—	559.8%	1.9%	1.1%	95.6%	92.1%	89.5%	73.1%	56.7%	55.4%	62.0%	73.9%	1.1%	96.5%	88.2%	79.3%	75.5%	76.9%	81.8%	78.5%	78.52%
Total Payout Ratio	83.3%	81.4%	79.8%	74.2%	73.6%	77.4%	82.3%	85.4%	78.9%	76.0%	72.8%	71.0%	80.0%	77.2%	85.6%	87.1%	91.1%	90.8%	89.2%	81.8%	81.81%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.28	0.22	0.20	0.22	0.28	0.38	0.44	0.51	0.36	0.27	0.31	0.33	0.53	0.54	0.51	0.49	0.33	0.31	0.26	0.25	0.250
Buyback Yield	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%
Net Buyback Yield	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%
Total Shareholder Return	18.5%	15.9%	14.5%	13.6%	14.1%	12.5%	13.0%	15.1%	8.8%	6.5%	5.6%	7.1%	8.1%	9.6%	9.3%	12.6%	9.4%	10.3%	9.4%	7.7%	7.65%

DuPont Factors

Metric	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	Q4'26	Current
Tax Burden (NI/EBT)	0.71	0.71	0.71	0.71	0.72	0.72	0.73	0.73	0.73	0.74	0.74	0.74	0.74	0.75	0.75	0.73	0.73	0.71	0.72	0.74	0.739
Interest Burden (EBT/EBIT)	1.02	1.02	1.02	1.03	0.99	0.98	0.96	0.95	0.95	0.95	0.96	0.96	0.96	0.95	0.94	0.94	0.94	0.94	0.95	1.00	1.004
EBIT Margin	0.14	0.14	0.14	0.15	0.16	0.16	0.16	0.17	0.18	0.19	0.20	0.21	0.21	0.21	0.21	0.22	0.22	0.22	0.23	0.22	0.222
Asset Turnover	2.01	1.88	1.88	1.88	1.99	1.96	1.90	1.86	1.94	1.96	1.92	1.92	2.01	2.07	2.07	1.98	1.94	1.98	2.05	2.10	2.100
Equity Multiplier	1.37	1.41	1.44	1.46	1.46	1.47	1.52	1.50	1.47	1.45	1.55	1.57	1.57	1.49	1.52	1.52	1.57	1.49	1.51	1.44	1.439

Per Share

Metric	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	Q4'26	Current
EPS (Diluted TTM)	$0.22	$0.22	$0.23	$0.25	$0.28	$0.28	$0.29	$0.29	$0.33	$0.35	$0.41	$0.45	$0.47	$0.50	$0.49	$0.50	$0.50	$0.51	$0.55	$0.62	$0.62
Book Value/Share	$0.79	$0.81	$0.84	$0.88	$0.89	$0.90	$0.91	$0.93	$0.95	$1.00	$1.01	$1.07	$1.07	$1.14	$1.11	$1.17	$1.16	$1.22	$1.22	$1.33	$1.34
Tangible Book/Share	$0.56	$0.58	$0.60	$0.65	$0.66	$0.65	$0.62	$0.65	$0.66	$0.70	$0.69	$0.74	$0.73	$0.80	$0.77	$0.83	$0.81	$0.88	$0.87	$0.98	$0.98
Revenue/Share	$2.14	$2.14	$2.21	$2.31	$2.43	$2.46	$2.53	$2.52	$2.61	$2.69	$2.83	$3.03	$3.19	$3.28	$3.32	$3.39	$3.38	$3.47	$3.59	$3.75	$1.99
FCF/Share	$-0.04	$0.00	$0.10	$0.16	$0.21	$0.24	$0.27	$0.34	$0.45	$0.48	$0.48	$0.43	$0.35	$0.40	$0.48	$0.55	$0.61	$0.61	$0.60	$0.64	$0.35
OCF/Share	$0.27	$0.27	$0.27	$0.25	$0.27	$0.29	$0.34	$0.39	$0.50	$0.54	$0.52	$0.52	$0.44	$0.49	$0.58	$0.64	$0.70	$0.70	$0.71	$0.76	$0.43
Cash/Share	$0.04	$0.03	$0.05	$0.05	$0.04	$0.05	$0.07	$0.07	$0.10	$0.08	$0.08	$0.08	$0.08	$0.09	$0.10	$0.08	$0.09	$0.08	$0.12	$0.10	$0.10
EBITDA/Share	$0.37	$0.37	$0.39	$0.42	$0.46	$0.48	$0.50	$0.53	$0.58	$0.63	$0.70	$0.76	$0.80	$0.84	$0.85	$0.87	$0.88	$0.90	$0.95	$1.00	$1.00
Debt/Share	$0.22	$0.21	$0.23	$0.21	$0.21	$0.23	$0.35	$0.33	$0.27	$0.22	$0.32	$0.35	$0.46	$0.39	$0.39	$0.31	$0.35	$0.30	$0.46	$0.24	$0.24
Net Debt/Share	$0.18	$0.18	$0.18	$0.16	$0.17	$0.18	$0.28	$0.26	$0.17	$0.14	$0.24	$0.28	$0.37	$0.31	$0.29	$0.23	$0.25	$0.22	$0.34	$0.14	$0.14

Academic Models

Metric	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	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.620
Altman Z-Prime	snapshot only																				19.117
Piotroski F-Score	5	4	4	6	7	6	8	7	6	8	7	8	6	6	7	9	7	8	7	7	7
Beneish M-Score	-2.66	-2.61	-2.44	-2.23	-2.26	-2.35	-2.65	-2.79	-3.00	-3.06	-2.56	-2.31	-2.26	-2.36	-2.84	-2.99	-3.00	-2.98	-2.78	-2.66	-2.658
Ohlson O-Score	snapshot only																				-11.330
ROIC (Greenblatt)	snapshot only																				68.58%
Net-Net WC	snapshot only																				$0.36
EVA	snapshot only																				$79736873.82

Credit

Metric	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	Q4'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	86.07	86.78	92.27	91.32	91.63	91.54	91.06	91.59	91.14	91.06	91.20	91.68	95.22	94.82	93.41	93.52	93.39	93.17	94.35	95.47	95.468
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				1.948
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				88
Sector Credit Rank	snapshot only																				92

SKL.NZ NZE

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

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