$18.63

+0.02 (+0.11%)

Weekly Expected Move ±3.9%

$17 $18 $19 $20 $20

NASDAQ · Financial Services · Insurance - Property & Casualty · Alpha Radar Buy · Power 61 · $2.1B mcap · 68M float · 3.08% daily turnover · Short 43% of daily vol

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

54.3 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: -715.1%

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. SLDE shows a Weak competitive edge (54.3/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. Negative ROIC of -715.1% indicates the company is currently destroying value, though this may reflect a growth investment phase.

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

$31

Low

$31

Avg Target

$31

High

Based on 1 analyst since Apr 28, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 0Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$31.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-29	Barclays	—	Initiated	$31	—	+64.3%	$18.87
2025-11-17	Morgan Stanley	—	$18	$21	+3	+26.2%	$16.65
2025-09-02	Piper Sandler	—	$25	$18	-7	+33.5%	$13.48
2025-08-18	Morgan Stanley	Bob Jian Huang	Initiated	$18	—	+21.3%	$14.84
2025-07-14	Piper Sandler	Paul Newsome	Initiated	$25	—	+28.6%	$19.44
2025-07-14	JMP Securities	Matthew Carletti	Initiated	$25	—	+30.8%	$19.12

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.

May 22, 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. SLDE receives an overall rating of A. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5), P/E (4/5). Areas of concern: P/B (2/5).

Rating Change History

Date	From	To
2026-04-30	A-	A
2026-04-28	C+	A-
2026-02-26	A	C+
2026-01-30	A+	A
2026-01-03	A-	A+
2025-12-30	A	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.

★ ★ ★ ★ ★ 69 Grade A+

Profitability

100

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. SLDE scores highest in Safety (100/100) and lowest in Earnings Quality (35/100). An overall grade of A+ places SLDE 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-I Score

13.76

Safe Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

—

Ohlson O-Score

—

Credit Rating

AA+

Score: 93.6/100

Earnings Quality

75/100

OCF/NI: 2.02x

Accruals: -25.8%

The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. SLDE scores 13.76, placing it in the Safe Zone (safe > 3.0, distress < 1.5). 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. SLDE scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. 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. SLDE receives an estimated rating of AA+ (score: 93.6/100). 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). SLDE'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

4.68x

PEG

0.04x

P/S

1.69x

P/B

2.06x

P/FCF

2.49x

P/OCF

2.48x

EV/EBITDA

3.02x

EV/Revenue

1.55x

EV/EBIT

2.99x

EV/FCF

1.98x

Earnings Yield

19.97%

FCF Yield

40.15%

Shareholder Yield

5.58%

Graham Number

$16.02

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 4.7x earnings, SLDE trades at a deep value multiple. An earnings yield of 20.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $16.02 per share, 16% 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

0.754

NI / EBT

Interest Burden

0.996

EBT / EBIT

EBIT Margin

0.517

EBIT / Rev

Asset Turnover

0.654

Rev / Assets

Equity Multiplier

4.460

Assets / Equity

ROE

113.3%

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. SLDE's ROE of 113.3% is driven by financial leverage (equity multiplier: 4.46x). 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.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$30.55

Price/Value

0.59x

Margin of Safety

41.09%

Premium

-41.09%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SLDE's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $30.55, SLDE appears undervalued with a 41% margin of safety. The adjusted fair P/E of 8.5x compares to the current market P/E of 4.7x.

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 234 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$18.63

Median 1Y

$15.07

5th Pctile

$6.57

95th Pctile

$34.52

Ann. Volatility

49.6%

Analyst Target

$31.00

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

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Bruce Lucas Chairman and Chief Executive Officer	$952,813	$—	$3,989,502
Shannon Lucas Operating and Chief Operating Officer	$714,610	$—	$2,343,271
Jesse Schalk Financial ief Financial Officer	$617,400	$—	$664,485
Andy Omiridis Financial ancial Officer	$37,500	$—	$387,500

CEO Pay Ratio

15:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,989,502

Avg Employee Cost (SGA/emp): $266,613

Employees: 504

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

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

Employees

504

Revenue / Employee

$2,293,454

Rev: $1,155,901,000

Profit / Employee

$880,869

NI: $443,958,000

SGA / Employee

$266,613

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	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	16.2%	41.8%	81.1%	1.1%	1.13%
ROA	3.6%	9.4%	18.2%	25.4%	25.41%
ROIC	-1.0%	-2.6%	-5.1%	-7.2%	-7.15%
ROCE	5.0%	12.7%	24.2%	33.8%	33.84%
Gross Margin	52.8%	73.8%	1.2%	71.5%	71.47%
Operating Margin	36.8%	55.3%	64.0%	47.7%	47.70%
Net Margin	26.8%	41.8%	49.1%	35.8%	35.84%
EBITDA Margin	38.3%	56.9%	60.7%	47.7%	47.70%
FCF Margin	96.6%	52.6%	79.9%	78.1%	78.12%
OCF Margin	96.9%	52.9%	80.1%	78.4%	78.36%
ROIC Economic	snapshot only				1.08%
Cash ROA	snapshot only				51.25%
NOPAT Margin	snapshot only				38.86%
Pretax Margin	snapshot only				51.52%
R&D / Revenue	snapshot only				0.00%
SGA / Revenue	snapshot only				11.01%
SBC / Revenue	snapshot only				0.01%

Valuation

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	38.94	12.22	7.66	5.01	4.680
P/S Ratio	10.43	4.20	3.08	1.95	1.689
P/B Ratio	6.30	5.11	6.22	5.68	2.063
P/FCF	10.80	7.98	3.86	2.49	2.491
P/OCF	10.76	7.93	3.84	2.48	2.483
EV/EBITDA	22.22	6.81	4.74	3.02	3.021
EV/Revenue	8.51	3.24	2.51	1.55	1.549
EV/EBIT	22.91	6.98	4.68	2.99	2.993
EV/FCF	8.81	6.17	3.14	1.98	1.982
Earnings Yield	2.6%	8.2%	13.1%	20.0%	19.97%
FCF Yield	9.3%	12.5%	25.9%	40.2%	40.15%
PEG Ratio	snapshot only				0.044
Price/Tangible Book	snapshot only				5.814
EV/OCF	snapshot only				1.976
EV/Gross Profit	snapshot only				1.901
Acquirers Multiple	snapshot only				3.006
Shareholder Yield	snapshot only				5.58%
Graham Number	snapshot only				$16.02

Leverage & Solvency

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	—	—	—	—	—
Quick Ratio	—	—	—	—	—
Debt/Equity	0.11	0.11	0.11	0.11	0.111
Net Debt/Equity	-1.16	-1.16	-1.16	-1.16	-1.159
Debt/Assets	0.02	0.02	0.02	0.02	0.025
Debt/EBITDA	0.48	0.19	0.10	0.07	0.075
Net Debt/EBITDA	-5.01	-2.00	-1.09	-0.77	-0.775
Interest Coverage	108.59	135.87	173.60	184.25	184.246
Equity Multiplier	4.46	4.46	4.46	4.46	4.460
Debt Service Coverage	snapshot only				182.532
Cash to Debt	snapshot only				11.400
FCF to Debt	snapshot only				20.458
Defensive Interval	snapshot only				920.9 days

Efficiency & Turnover

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.14	0.27	0.45	0.65	0.654
Inventory Turnover	—	—	—	—	—
Receivables Turnover	0.66	1.32	2.19	3.17	3.167
Payables Turnover	1.33	2.09	1.33	2.53	2.530
DSO	557	276	167	115	115.2 days
DIO	0	0	0	0	0.0 days
DPO	274	175	274	144	144.3 days
Cash Conversion Cycle	283	101	-108	-29	-29.0 days
Fixed Asset Turnover	snapshot only				57.520
Cash Velocity	snapshot only				2.297
Capital Intensity	snapshot only				1.529

Growth Quality

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	—	—	—	—	—
Earnings Stability	—	—	—	—	—
Margin Stability	—	—	—	—	—
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0
Earnings Persistence	—	—	—	—	—
Earnings Smoothness	—	—	—	—	—
ROE Trend	—	—	—	—	—
Gross Margin Trend	—	—	—	—	—
FCF Margin Trend	—	—	—	—	—
Sustainable Growth Rate	16.2%	41.8%	81.1%	1.1%	1.13%
Internal Growth Rate	3.8%	10.3%	22.2%	34.1%	34.07%

Cash Flow Quality

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	3.62	1.54	1.99	2.02	2.017
FCF/OCF	1.00	0.99	1.00	1.00	0.997
FCF/Net Income	snapshot only				2.011
OCF/EBITDA	snapshot only				1.529
CapEx/Revenue	0.3%	0.3%	0.3%	0.2%	0.23%
Accruals Ratio	-0.10	-0.05	-0.18	-0.26	-0.258
Sloan Accruals	snapshot only				-0.282
Cash Flow Adequacy	snapshot only				335.858
Earnings Quality Score	snapshot only				0.750

Dividends & Buybacks

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	0.0%	11.0%	0.0%	27.9%	27.93%
Div. Increase Streak	—	—	—	—	—
Chowder Number	—	—	—	—	—
Buyback Yield	0.0%	0.9%	0.0%	5.6%	5.58%
Net Buyback Yield	-9.7%	-11.0%	-0.0%	5.6%	5.55%
Total Shareholder Return	-9.7%	-11.0%	-0.0%	5.6%	5.55%

DuPont Factors

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.73	0.74	0.76	0.75	0.754
Interest Burden (EBT/EBIT)	0.99	0.99	0.99	1.00	0.996
EBIT Margin	0.37	0.46	0.54	0.52	0.517
Asset Turnover	0.14	0.27	0.45	0.65	0.654
Equity Multiplier	4.46	4.46	4.46	4.46	4.460

Per Share

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$0.56	$1.29	$2.54	$3.59	$3.59
Book Value/Share	$3.44	$3.09	$3.13	$3.17	$9.03
Tangible Book/Share	$3.36	$3.02	$3.06	$3.10	$3.10
Revenue/Share	$2.08	$3.76	$6.32	$9.25	$10.24
FCF/Share	$2.01	$1.98	$5.05	$7.23	$8.00
OCF/Share	$2.01	$1.99	$5.07	$7.25	$8.03
Cash/Share	$4.37	$3.93	$3.98	$4.03	$10.27
EBITDA/Share	$0.80	$1.79	$3.34	$4.74	$4.74
Debt/Share	$0.38	$0.34	$0.35	$0.35	$0.35
Net Debt/Share	$-3.98	$-3.58	$-3.63	$-3.67	$-3.67

Academic Models

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-I Score	—	—	—	—	13.759
Altman Z-Prime	snapshot only				4.518
Piotroski F-Score	4	4	4	4	4
Beneish M-Score	—	—	—	—	—
ROIC (Greenblatt)	snapshot only				29.76%
Net-Net WC	snapshot only				$-10.97

Credit

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only				AA+
Credit Score	94.74	94.62	93.92	93.62	93.621
Credit Grade	snapshot only				2
Implied Spread (bps)	snapshot only				65.000
Industry Credit Rank	snapshot only				77
Sector Credit Rank	snapshot only				96

SLDE NASDAQ

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

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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