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Also trades as: SMOP.OL (OSL) · $vol 1M

SMOPF OTC

Smartoptics Group AS
1W: -0.4% 1M: +17.2% 3M: +4.1% YTD: -19.5%
$5.05
-0.35 (-6.48%)
 
OTC · Technology · Communication Equipment · Tech Score Neutral · Power 64 · $495.1M mcap · 39M float · 0.045% daily turnover · Short 83% 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.

B
Oct 01, 2026
DCF
3
ROE
5
ROA
5
D/E
2
P/E
1
P/B
1
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. SMOPF receives an overall rating of B. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-10-01 B+ B
2026-09-09 None ADDED
2026-09-09 EXISTED None
2026-08-18 B B+
2026-07-14 None ADDED
2026-07-14 EXISTED None
2026-07-01 A- B+
2026-06-30 B+ A-
2026-06-30 A- B+
2026-06-24 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.

★ ★ ★ ★ ★ 72 Grade A
Profitability
48
Balance Sheet
72
Earnings Quality
64
Growth
78
Value
19
Momentum
100
Safety
100
Cash Flow
77
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. SMOPF scores highest in Safety (100/100) and lowest in Value (19/100). An overall grade of A places SMOPF 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
10.18
Safe Zone
Piotroski F-Score
6/9
✓ ✓ ✓ ✓ ✗ ✗ ✓ ✗ ✓
Beneish M-Score
-1.25
Possible Manipulator
Ohlson O-Score
-6.48
Bankruptcy prob: 0.2%
Low Risk
Credit Rating
AA+
Score: 91.7/100
Trend: Deteriorating
Earnings Quality
75/100
OCF/NI: 1.52x
Accruals: -5.3%
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. SMOPF scores 10.18, 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. SMOPF 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. SMOPF's score of -1.25 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. SMOPF's implied 0.2% 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. SMOPF receives an estimated rating of AA+ (score: 91.7/100), with a deteriorating 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). SMOPF'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
70.91x
PEG
0.61x
P/S
5.40x
P/B
18.23x
P/FCF
65.99x
P/OCF
52.52x
EV/EBITDA
42.01x
EV/Revenue
5.33x
EV/EBIT
50.00x
EV/FCF
66.53x
Earnings Yield
1.26%
FCF Yield
1.52%
Shareholder Yield
2.40%
Graham Number
$0.63
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 70.9x earnings, SMOPF is priced for high growth expectations. Graham's intrinsic value formula yields $0.63 per share, 698% 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
0.762
NI / EBT
×
Interest Burden
0.817
EBT / EBIT
×
EBIT Margin
0.107
EBIT / Rev
×
Asset Turnover
1.547
Rev / Assets
×
Equity Multiplier
2.041
Assets / Equity
=
ROE
20.9%
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. SMOPF's ROE of 20.9% is driven by Asset Turnover (1.547), 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
13.52%
Fair P/E
35.53x
Intrinsic Value
$2.22
Price/Value
2.24x
Margin of Safety
-124.12%
Premium
124.12%
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 SMOPF's realized 13.5% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. SMOPF trades at a 124% premium to its adjusted intrinsic value of $2.22, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 35.5x compares to the current market P/E of 70.9x.

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

Current Price
$5.05
Median 1Y
$7.52
5th Pctile
$0.30
95th Pctile
$190.99
Ann. Volatility
205.3%
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 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
ROE 6.3% 14.2% 25.4% 28.1% 25.2% 19.7% 14.0% 11.2% 13.5% 9.5% 12.1% 19.0% 11.8% 20.9% 20.95%
ROA 3.9% 9.3% 15.1% 17.4% 15.6% 12.7% 8.4% 6.8% 8.1% 5.8% 6.8% 10.7% 6.7% 10.3% 10.27%
ROIC 8.8% 17.9% 23.2% 34.3% 28.0% 24.9% 15.0% 11.2% 10.8% 11.1% 14.2% 22.5% 22.0% 23.5% 23.53%
ROCE 9.9% 15.7% 25.9% 29.5% 23.2% 18.2% 13.3% 10.8% 13.9% 13.5% 19.4% 22.5% 18.1% 24.8% 24.82%
Gross Margin 39.8% 22.8% 23.6% 23.0% 19.1% 12.7% 47.3% 14.4% 20.3% 47.3% 48.6% 18.3% 16.1% 20.8% 20.76%
Operating Margin 17.3% 15.5% 16.0% 16.3% 11.1% 4.0% 3.6% 3.8% 10.9% 4.1% 9.8% 11.8% 7.9% 12.5% 12.53%
Net Margin 9.2% 17.6% 14.0% 8.6% 9.1% 8.9% 0.9% 4.1% 13.5% 0.4% 2.4% 12.1% 1.0% 9.6% 9.64%
EBITDA Margin 19.5% 18.8% 18.8% 15.1% 15.4% 6.4% 5.9% 10.1% 21.3% 6.3% 11.9% 15.3% 10.8% 12.5% 12.53%
FCF Margin 3.3% 18.1% 7.1% 13.7% 15.8% 10.0% 11.0% 10.5% 7.9% 8.4% 9.9% 11.1% 12.0% 8.0% 8.01%
OCF Margin 4.1% 19.7% 10.1% 16.4% 20.1% 14.7% 15.0% 15.6% 11.2% 11.4% 12.5% 12.6% 14.1% 10.1% 10.06%
ROE 3Y Avg snapshot only 16.92%
ROA 3Y Avg snapshot only 8.99%
ROIC 3Y Avg snapshot only 14.65%
ROIC Economic snapshot only 23.32%
Cash ROA snapshot only 13.98%
Cash ROIC snapshot only 29.16%
CROIC snapshot only 23.21%
NOPAT Margin snapshot only 8.12%
Pretax Margin snapshot only 8.71%
R&D / Revenue snapshot only 0.23%
SGA / Revenue snapshot only 11.27%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
P/E Ratio 107.90 61.75 38.15 26.77 20.75 29.58 46.61 55.80 43.73 59.07 53.26 31.35 48.66 79.64 70.910
P/S Ratio 9.96 7.89 5.03 3.27 2.57 3.07 3.23 3.25 3.16 3.04 2.77 2.38 2.18 5.28 5.400
P/B Ratio 6.75 8.77 9.67 7.51 5.04 5.69 6.33 6.20 6.08 5.63 6.54 5.70 5.43 17.52 18.228
P/FCF 300.08 43.60 70.71 23.92 16.25 30.80 29.49 30.89 40.01 36.37 27.86 21.37 18.08 65.99 65.991
P/OCF 243.86 40.02 49.96 19.98 12.80 20.81 21.58 20.86 28.12 26.66 22.06 18.90 15.39 52.52 52.517
EV/EBITDA 50.42 39.88 26.43 17.53 14.44 20.23 29.08 32.25 26.33 25.47 21.56 16.37 17.94 42.01 42.014
EV/Revenue 9.85 7.67 5.04 3.19 2.47 2.91 3.18 3.12 3.05 2.89 2.73 2.29 2.08 5.33 5.327
EV/EBIT 57.03 46.03 30.60 20.72 17.60 25.39 39.33 46.13 35.25 34.07 27.62 20.48 23.53 50.00 50.002
EV/FCF 296.68 42.41 70.86 23.37 15.62 29.21 29.00 29.65 38.64 34.58 27.55 20.58 17.25 66.53 66.534
Earnings Yield 0.9% 1.6% 2.6% 3.7% 4.8% 3.4% 2.1% 1.8% 2.3% 1.7% 1.9% 3.2% 2.1% 1.3% 1.26%
FCF Yield 0.3% 2.3% 1.4% 4.2% 6.2% 3.2% 3.4% 3.2% 2.5% 2.7% 3.6% 4.7% 5.5% 1.5% 1.52%
PEG Ratio snapshot only 0.608
Price/Tangible Book snapshot only 19.664
EV/OCF snapshot only 52.949
EV/Gross Profit snapshot only 21.641
Acquirers Multiple snapshot only 50.002
Shareholder Yield snapshot only 2.40%
Graham Number snapshot only $0.63
Leverage & Solvency
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Current Ratio 3.27 3.74 3.08 3.35 3.13 3.32 3.03 2.86 2.85 2.58 2.27 2.35 2.61 1.92 1.917
Quick Ratio 1.94 2.24 1.89 2.19 2.07 2.24 1.86 1.81 1.99 1.72 1.34 1.42 1.60 1.12 1.124
Debt/Equity 0.13 0.12 0.13 0.11 0.11 0.08 0.08 0.07 0.07 0.05 0.04 0.03 0.01 0.22 0.221
Net Debt/Equity -0.08 -0.24 0.02 -0.17 -0.20 -0.29 -0.11 -0.25 -0.21 -0.28 -0.07 -0.21 -0.25 0.14 0.144
Debt/Assets 0.08 0.08 0.08 0.07 0.07 0.05 0.05 0.04 0.04 0.03 0.02 0.02 0.01 0.09 0.092
Debt/EBITDA 0.97 0.54 0.36 0.27 0.34 0.30 0.38 0.39 0.32 0.22 0.14 0.10 0.05 0.52 0.525
Net Debt/EBITDA -0.58 -1.12 0.06 -0.41 -0.58 -1.10 -0.50 -1.35 -0.93 -1.32 -0.24 -0.63 -0.87 0.34 0.342
Interest Coverage 4.41 6.97 9.82 10.82 33.84 21.98 13.60 11.06 15.48 18.92 7.59 10.08 9.28 7.79 7.794
Equity Multiplier 1.61 1.53 1.68 1.61 1.63 1.57 1.65 1.69 1.72 1.73 1.89 1.85 1.79 2.39 2.386
Cash Ratio snapshot only 0.080
Debt Service Coverage snapshot only 9.276
Cash to Debt snapshot only 0.348
FCF to Debt snapshot only 1.204
Defensive Interval snapshot only 806.0 days
Efficiency & Turnover
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.42 0.73 1.14 1.43 1.26 1.23 1.21 1.17 1.12 1.12 1.32 1.41 1.50 1.55 1.547
Inventory Turnover 0.73 1.43 2.48 3.50 3.08 3.17 2.77 2.97 3.13 2.71 2.63 2.96 3.57 3.85 3.852
Receivables Turnover 1.17 2.83 2.77 4.05 3.57 4.24 3.03 3.52 2.98 3.35 3.37 4.34 4.07 4.13 4.132
Payables Turnover 1.94 4.24 8.03 13.52 8.87 9.84 10.76 10.87 8.79 7.02 7.70 10.05 10.30 7.14 7.144
DSO 311 129 132 90 102 86 120 104 123 109 108 84 90 88 88.3 days
DIO 500 256 147 104 118 115 132 123 117 134 139 123 102 95 94.8 days
DPO 188 86 45 27 41 37 34 34 42 52 47 36 35 51 51.1 days
Cash Conversion Cycle 623 298 234 167 179 164 218 193 198 192 200 171 157 132 132.0 days
Fixed Asset Turnover snapshot only 9.151
Operating Cycle snapshot only 183.1 days
Cash Velocity snapshot only 43.251
Capital Intensity snapshot only 0.720
Growth (YoY)
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Revenue — — — — 2.1% 75.9% 7.7% -15.5% -6.9% -0.9% 17.1% 36.6% 45.0% 62.9% 62.89%
Net Income — — — — 3.2% 42.9% -43.4% -59.7% -45.8% -50.8% -12.3% 78.0% -10.1% 1.1% 1.10%
EPS — — — — 3.2% 42.3% -43.7% -60.0% -46.5% -51.0% -12.5% 78.0% -10.1% 1.1% 1.10%
FCF — — — — 13.9% -3.1% 65.7% -34.9% -53.6% -16.8% 6.1% 44.6% 1.2% 55.9% 55.94%
EBITDA — — — — 1.7% 31.6% -38.3% -55.1% -37.0% -21.8% 35.9% 97.7% 45.0% 81.9% 81.91%
Op. Income — — — — 1.7% 30.4% -41.3% -69.8% -62.7% -52.5% -1.4% 1.2% 1.2% 2.0% 1.96%
OCF Growth snapshot only 43.66%
Asset Growth snapshot only 25.60%
Equity Growth snapshot only -9.09%
Debt Growth snapshot only 3.42%
Shares Change snapshot only 0.00%
Dividend Growth snapshot only 1.60%
Growth (CAGR)
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Revenue 3Y — — — — — — — — — — — — 61.6% 41.6% 41.60%
Revenue 5Y — — — — — — — — — — — — — — —
EPS 3Y — — — — — — — — — — — — 26.2% 13.5% 13.52%
EPS 5Y — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — 26.9% 13.8% 13.82%
Net Income 5Y — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — 35.7% 23.2% 23.23%
EBITDA 5Y — — — — — — — — — — — — — — —
Gross Profit 3Y — — — — — — — — — — — — 47.1% 28.9% 28.89%
Gross Profit 5Y — — — — — — — — — — — — — — —
Op. Income 3Y — — — — — — — — — — — — 29.2% 22.3% 22.35%
Op. Income 5Y — — — — — — — — — — — — — — —
FCF 3Y — — — — — — — — — — — — 1.5% 7.9% 7.91%
FCF 5Y — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — — 1.4% 13.2% 13.17%
OCF 5Y — — — — — — — — — — — — — — —
Assets 3Y — — — — — — — — — — — — 8.6% 14.0% 14.01%
Assets 5Y — — — — — — — — — — — — — — —
Equity 3Y — — — — — — — — — — — — 4.7% -1.6% -1.63%
Book Value 3Y — — — — — — — — — — — — 4.1% -1.9% -1.90%
Dividend 3Y — — — — — — — — — — — — 7.0% 37.2% 37.19%
Growth Quality
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Revenue Stability — — — — — — — — 0.67 0.73 0.95 0.25 0.83 0.88 0.880
Earnings Stability — — — — — — — — 0.16 0.17 0.85 0.22 0.01 0.06 0.060
Margin Stability — — — — — — — — 0.66 0.75 0.86 0.84 0.72 0.78 0.777
Rev. Growth Consistency 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 0.500
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.50 0.500
FCF Positive Streak 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — — — — — — — 0.82 0.50 0.95 0.50 0.96 0.50 0.500
Earnings Smoothness — — — — 0.00 0.65 0.45 0.15 0.41 0.32 0.87 0.44 0.89 0.29 0.291
ROE Trend — — — — — — — — -0.01 -0.07 -0.07 -0.01 -0.08 0.08 0.076
Gross Margin Trend — — — — — — — — -0.07 0.06 0.06 0.07 0.07 -0.01 -0.013
FCF Margin Trend — — — — — — — — -0.02 -0.06 0.01 -0.01 0.00 -0.01 -0.012
Sustainable Growth Rate 6.3% 14.2% 8.3% 11.9% 9.9% 5.1% -2.9% -4.9% -1.9% -5.1% -9.2% -0.5% -6.8% -19.0% -19.02%
Internal Growth Rate 4.0% 10.2% 5.2% 8.0% 6.5% 3.4% — — — — — — — — —
Cash Flow Quality
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 0.44 1.54 0.76 1.34 1.62 1.42 2.16 2.67 1.56 2.22 2.41 1.66 3.16 1.52 1.516
FCF/OCF 0.81 0.92 0.71 0.84 0.79 0.68 0.73 0.68 0.70 0.73 0.79 0.88 0.85 0.80 0.796
FCF/Net Income snapshot only 1.207
OCF/EBITDA snapshot only 0.793
CapEx/Revenue 0.8% 1.6% 3.0% 2.7% 4.3% 4.8% 4.0% 5.1% 3.4% 3.1% 2.6% 1.5% 2.1% 2.1% 2.05%
CapEx/Depreciation snapshot only 1.014
Accruals Ratio 0.02 -0.05 0.04 -0.06 -0.10 -0.05 -0.10 -0.11 -0.04 -0.07 -0.10 -0.07 -0.14 -0.05 -0.053
Sloan Accruals snapshot only -0.074
Cash Flow Adequacy snapshot only 0.684
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Dividend Yield 0.0% 0.0% 1.8% 2.2% 2.9% 2.5% 2.6% 2.6% 2.6% 2.6% 3.3% 3.3% 3.2% 2.4% 1.20%
Dividend/Share $0.00 $0.00 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.06 $0.06 $0.06 $0.12 $0.06
Payout Ratio 0.0% 0.0% 67.3% 57.6% 60.7% 74.3% 1.2% 1.4% 1.1% 1.5% 1.8% 1.0% 1.6% 1.9% 1.91%
FCF Payout Ratio 0.0% 0.0% 1.2% 51.4% 47.5% 77.4% 76.7% 79.7% 1.0% 94.7% 92.1% 69.9% 58.7% 1.6% 1.58%
Total Payout Ratio 0.0% 0.0% 67.3% 57.6% 60.7% 74.3% 1.2% 1.4% 1.1% 1.5% 1.8% 1.0% 1.6% 1.9% 1.91%
Div. Increase Streak — — 0 0 0 0 1 1 1 1 1 1 1 1 1
Chowder Number — — — — — — 0.04 0.03 0.04 0.04 0.31 0.30 0.28 1.63 1.627
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% 0.00%
Net Buyback Yield 0.0% 0.0% 0.0% 0.0% -0.1% -0.7% -0.7% -0.7% -0.8% -0.0% -0.0% -0.0% 0.0% 0.0% 0.00%
Total Shareholder Return 0.0% 0.0% 1.8% 2.2% 2.8% 1.8% 1.9% 1.9% 1.8% 2.6% 3.3% 3.3% 3.2% 2.4% 2.40%
DuPont Factors
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.69 0.74 0.75 0.76 0.78 0.78 0.77 0.75 0.75 0.74 0.74 0.77 0.75 0.76 0.762
Interest Burden (EBT/EBIT) 0.77 1.04 1.06 1.04 1.13 1.16 1.12 1.14 1.11 0.82 0.71 0.88 0.68 0.82 0.817
EBIT Margin 0.17 0.17 0.16 0.15 0.14 0.11 0.08 0.07 0.09 0.08 0.10 0.11 0.09 0.11 0.107
Asset Turnover 0.42 0.73 1.14 1.43 1.26 1.23 1.21 1.17 1.12 1.12 1.32 1.41 1.50 1.55 1.547
Equity Multiplier 1.61 1.53 1.68 1.61 1.62 1.55 1.66 1.65 1.67 1.65 1.77 1.78 1.76 2.04 2.041
Per Share
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $0.02 $0.04 $0.07 $0.08 $0.08 $0.06 $0.04 $0.03 $0.04 $0.03 $0.03 $0.06 $0.04 $0.06 $0.06
Book Value/Share $0.29 $0.30 $0.26 $0.28 $0.31 $0.32 $0.28 $0.28 $0.29 $0.31 $0.27 $0.31 $0.32 $0.28 $0.28
Tangible Book/Share $0.28 $0.29 $0.26 $0.27 $0.30 $0.30 $0.26 $0.27 $0.27 $0.29 $0.26 $0.28 $0.29 $0.25 $0.25
Revenue/Share $0.19 $0.33 $0.51 $0.65 $0.61 $0.59 $0.54 $0.54 $0.56 $0.58 $0.64 $0.74 $0.81 $0.94 $0.96
FCF/Share $0.01 $0.06 $0.04 $0.09 $0.10 $0.06 $0.06 $0.06 $0.04 $0.05 $0.06 $0.08 $0.10 $0.08 $0.07
OCF/Share $0.01 $0.07 $0.05 $0.11 $0.12 $0.09 $0.08 $0.08 $0.06 $0.07 $0.08 $0.09 $0.11 $0.09 $0.10
Cash/Share $0.06 $0.11 $0.03 $0.08 $0.10 $0.12 $0.05 $0.09 $0.08 $0.10 $0.03 $0.07 $0.09 $0.02 $0.02
EBITDA/Share $0.04 $0.06 $0.10 $0.12 $0.10 $0.08 $0.06 $0.05 $0.06 $0.07 $0.08 $0.10 $0.09 $0.12 $0.12
Debt/Share $0.04 $0.03 $0.04 $0.03 $0.04 $0.03 $0.02 $0.02 $0.02 $0.01 $0.01 $0.01 $0.00 $0.06 $0.06
Net Debt/Share $-0.02 $-0.07 $0.01 $-0.05 $-0.06 $-0.09 $-0.03 $-0.07 $-0.06 $-0.09 $-0.02 $-0.06 $-0.08 $0.04 $0.04
Academic Models
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — 10.176
Altman Z-Prime snapshot only 17.322
Piotroski F-Score 3 4 3 4 6 6 6 4 5 5 6 8 6 6 6
Beneish M-Score — — — — -2.09 -1.92 -3.64 -2.75 -2.53 -3.26 -2.44 -2.14 -2.61 -1.25 -1.245
Ohlson O-Score snapshot only -6.482
ROIC (Greenblatt) snapshot only 28.37%
Net-Net WC snapshot only $0.13
EVA snapshot only $4313738.93
Credit
Metric Trend Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only AA+
Credit Score 83.65 90.25 92.75 95.25 97.75 97.75 95.25 95.25 96.50 96.50 92.75 95.25 92.75 91.75 91.750
Credit Grade snapshot only 2
Credit Trend snapshot only -4.750
Implied Spread (bps) snapshot only 65.000

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