— Know what they know.
Not Investment Advice
Also trades as: STMRF (OTC) · $vol 0M

SMR.AX ASX

Stanmore Resources Limited
1W: -2.6% 1M: -11.9% 3M: +13.6% YTD: -11.6% 1Y: +39.2% 3Y: -4.1% 5Y: +637.1%
A$2.58 ($1.80)
-0.01 (-0.19%)
 
Weekly Expected Move ±3.7%
A$2 A$2 A$3 A$3 A$3
ASX · Energy · Coal · Tech Score Sell · Power 32 · A$2.3B mcap · 316M float · 0.503% daily turnover

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 02, 2026
DCF
5
ROE
1
ROA
1
D/E
1
P/E
1
P/B
3
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. SMR.AX receives an overall rating of C+. Strongest factors: DCF (5/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).
Rating Change History
DateFromTo
2026-08-25 B- C+
2026-08-11 C+ B-
2026-07-01 B- C+
2026-04-27 C+ B-
2026-04-01 B- C+
2026-02-20 C+ B-
2026-01-15 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.

★ ★ ★ ★ ★ — Grade D
Profitability
15
Balance Sheet
55
Earnings Quality
38
Growth
16
Value
—
Momentum
23
Safety
—
Cash Flow
43

Risk & Quality Signals

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

Altman Z-Score
—
—
Piotroski F-Score
3/9
✗ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗
Beneish M-Score
3.02
Possible Manipulator
Ohlson O-Score
-7.35
Bankruptcy prob: 0.1%
Low Risk
Credit Rating
BBB
Score: 55.0/100
Trend: Deteriorating
Earnings Quality
—
OCF/NI: -12.97x
Accruals: -26.1%
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. SMR.AX scores 3/9, 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. SMR.AX's score of 3.02 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. SMR.AX's implied 0.1% 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. SMR.AX receives an estimated rating of BBB (score: 55.0/100), 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
-40.13x
PEG
-0.80x
P/S
0.81x
P/B
1.01x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
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. SMR.AX 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
0.695
NI / EBT
×
Interest Burden
1.077
EBT / EBIT
×
EBIT Margin
-0.019
EBIT / Rev
×
Asset Turnover
1.310
Rev / Assets
×
Equity Multiplier
1.661
Assets / Equity
=
ROE
-3.1%
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. SMR.AX's ROE of -3.1% is driven by Asset Turnover (1.310), 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
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
$2.59
Median 1Y
$2.54
5th Pctile
$0.87
95th Pctile
$7.44
Ann. Volatility
68.1%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
ROE -49.2% -27.6% -12.5% 6.0% 34.8% 82.6% 98.0% 1.1% 53.5% -14.1% -13.4% 31.2% 91.1% 77.5% 83.4% 56.8% 42.0% 11.8% 4.5% -3.1% -3.10%
ROA -28.5% -13.8% -5.5% 2.0% 12.8% 35.3% 49.1% 39.1% 23.2% -6.5% -6.8% 7.4% 37.3% 38.6% 58.0% 24.2% 20.4% 6.1% 2.8% -1.9% -1.87%
ROIC -48.2% -4.6% 24.9% 1.0% 93.1% 2.1% 1.3% 95.7% 30.0% -26.4% -9.8% 13.0% 49.0% 45.8% 47.8% 45.1% 24.8% 6.6% -0.7% -10.5% -10.45%
ROCE -31.2% -9.6% -2.5% 25.3% 49.5% 69.7% 85.5% 66.7% 40.3% -11.3% -6.3% 14.0% 58.0% 55.1% 96.5% 88.2% 57.5% 24.5% 7.7% -3.1% -3.07%
Gross Margin -10.0% 20.8% 20.8% 24.5% 26.5% 40.7% 28.0% -18.3% -18.3% -26.5% 21.4% 65.4% 74.6% 78.3% 62.2% 83.6% 83.3% 51.0% 56.7% 50.8% 50.83%
Operating Margin -10.1% 20.7% 20.7% 24.4% 24.8% 42.3% 9.8% -19.8% -19.8% -27.4% 19.3% 35.8% 34.2% 34.7% 19.2% 18.3% -19.1% -4.7% 3.2% -4.2% -4.19%
Net Margin -0.9% 2.9% 2.9% -1.7% 14.3% 27.6% 13.4% -11.8% -11.8% -16.5% 8.9% 19.9% 28.0% 22.8% 10.1% 11.1% 4.7% -5.8% 0.3% -4.5% -4.52%
EBITDA Margin 4.2% 10.5% 10.5% 21.5% 27.6% 43.7% 24.7% -4.2% -4.2% -12.6% 23.9% 37.9% 43.3% 44.5% 33.7% 34.5% 23.6% 17.6% 24.5% 16.1% 16.06%
FCF Margin -1.1% -43.2% -22.3% -6.3% -0.3% 13.3% 9.8% 3.9% 6.1% -10.0% 5.6% 36.7% 37.7% 34.1% 29.9% 21.9% 14.9% 12.0% 12.2% 13.7% 13.65%
OCF Margin -84.8% -29.2% -13.7% 1.0% 11.5% 25.6% 23.7% 22.4% 15.9% 1.2% 17.0% 41.0% 43.6% 38.8% 35.7% 28.8% 22.3% 19.8% 18.2% 18.5% 18.46%
ROE 3Y Avg snapshot only 18.19%
ROE 5Y Avg snapshot only 29.51%
ROA 3Y Avg snapshot only 10.51%
ROIC 3Y Avg snapshot only 10.38%
ROIC Economic snapshot only -10.23%
Cash ROA snapshot only 25.25%
Cash ROIC snapshot only 37.48%
CROIC snapshot only 27.71%
NOPAT Margin snapshot only -5.15%
Pretax Margin snapshot only -2.05%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 44.76%
SBC / Revenue snapshot only 0.00%
Valuation
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
P/E Ratio -1.44 -1.81 -7.99 25.19 4.32 1.73 0.99 0.99 1.62 -4.34 -6.15 — — — — — — 6.75 — — -40.134
P/S Ratio 0.63 0.18 0.23 0.22 0.23 0.25 0.16 0.14 0.14 0.16 0.20 — — — — — — 0.33 — — 0.808
P/B Ratio 0.83 0.47 0.84 1.16 1.20 1.02 0.71 0.87 0.69 0.66 0.83 — — — — — — 0.98 — — 1.011
P/FCF -0.58 -0.41 -1.02 -3.44 -72.34 1.90 1.60 3.49 2.35 -1.59 3.68 — — — — — — 2.74 — — —
P/OCF — — — 20.80 1.97 0.99 0.67 0.61 0.91 13.33 1.20 — — — — — — 1.66 — — —
EV/EBITDA -1.48 -2.09 10.62 1.26 1.11 0.37 0.25 0.45 0.87 5.03 3.58 — — — — — — 1.50 — — —
EV/Revenue 0.48 0.11 0.17 0.16 0.21 0.11 0.08 0.12 0.18 0.23 0.25 — — — — — — 0.41 — — —
EV/EBIT -1.02 -1.38 -16.50 1.57 1.30 0.41 0.29 0.57 1.32 -5.72 -21.35 — — — — — — 3.19 — — —
EV/FCF -0.45 -0.26 -0.78 -2.63 -65.95 0.83 0.80 3.04 2.90 -2.34 4.51 — — — — — — 3.41 — — —
Earnings Yield -69.5% -55.2% -12.5% 4.0% 23.1% 57.8% 1.0% 1.0% 61.9% -23.1% -16.3% — — — — — — 14.8% — — —
FCF Yield -1.7% -2.4% -98.4% -29.1% -1.4% 52.6% 62.4% 28.7% 42.5% -63.1% 27.2% — — — — — — 36.6% — — —
Leverage & Solvency
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Current Ratio 1.13 1.66 1.90 1.69 1.01 1.62 1.64 1.64 1.48 0.93 0.55 1.42 1.41 1.28 1.01 1.01 1.14 1.04 1.26 0.96 0.964
Quick Ratio 0.95 1.04 0.78 1.15 0.73 1.29 1.12 1.03 0.53 0.27 0.49 1.30 1.30 1.02 0.82 0.82 0.87 0.76 0.94 0.67 0.670
Debt/Equity 0.15 0.23 0.03 0.00 0.25 0.00 0.08 0.08 0.19 0.43 0.47 1.22 0.65 0.33 0.30 0.30 0.37 0.35 0.42 0.49 0.486
Net Debt/Equity -0.19 -0.18 -0.19 -0.27 -0.11 -0.58 -0.36 -0.11 0.16 0.31 0.19 0.56 0.32 0.08 0.13 0.13 0.21 0.24 0.30 0.40 0.400
Debt/Assets 0.06 0.08 0.02 0.00 0.09 0.00 0.04 0.03 0.09 0.19 0.23 0.28 0.26 0.16 0.22 0.22 0.21 0.19 0.24 0.23 0.234
Debt/EBITDA -0.36 -1.68 0.56 0.00 0.25 0.00 0.06 0.05 0.20 2.22 1.65 3.23 0.74 0.45 0.35 0.35 0.37 0.43 0.92 0.84 0.840
Net Debt/EBITDA 0.45 1.28 -3.17 -0.39 -0.11 -0.48 -0.25 -0.07 0.16 1.62 0.66 1.47 0.37 0.11 0.15 0.15 0.21 0.30 0.65 0.69 0.690
Interest Coverage -8.51 -2.00 -0.29 4.00 6.90 15.69 25.83 22.44 18.08 -5.14 -0.63 16.69 13.93 15.50 13.35 11.16 9.19 3.81 2.18 -0.64 -0.636
Equity Multiplier 2.70 2.87 2.04 2.76 2.72 2.11 1.98 2.78 2.05 2.24 1.99 4.38 2.49 2.00 1.40 1.40 1.75 1.85 1.80 2.08 2.077
Cash Ratio snapshot only 0.273
Debt Service Coverage snapshot only 6.816
Cash to Debt snapshot only 0.178
FCF to Debt snapshot only 0.797
Defensive Interval snapshot only 38.9 days
Efficiency & Turnover
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Asset Turnover 0.65 1.40 1.93 2.34 2.45 2.42 3.07 2.83 2.60 1.77 2.04 0.57 1.69 1.67 2.81 1.29 1.61 1.25 1.16 1.31 1.310
Inventory Turnover 28.15 13.03 13.70 24.93 22.73 15.31 11.81 15.06 13.33 12.11 22.98 9.83 12.86 7.81 16.59 9.50 9.41 7.68 7.39 10.78 10.780
Receivables Turnover 12.80 26.12 22.25 30.24 25.28 48.73 64.80 90.32 31.21 57.83 28.95 6.50 20.38 25.63 45.02 16.26 25.86 21.06 20.06 23.62 23.617
Payables Turnover 226.03 224.32 115.49 61.41 286.99 17.09 24.02 46.10 28.90 17.27 13.45 3.02 15.53 27.73 21.01 4.49 13.73 21.76 15.27 18.74 18.745
DSO 29 14 16 12 14 7 6 4 12 6 13 56 18 14 8 22 14 17 18 15 15.5 days
DIO 13 28 27 15 16 24 31 24 27 30 16 37 28 47 22 38 39 48 49 34 33.9 days
DPO 2 2 3 6 1 21 15 8 13 21 27 121 24 13 17 81 27 17 24 19 19.5 days
Cash Conversion Cycle 40 40 40 21 29 10 21 20 26 15 1 -27 23 48 13 -20 26 48 44 30 29.8 days
Fixed Asset Turnover snapshot only 3.030
Operating Cycle snapshot only 49.3 days
Cash Velocity snapshot only 32.772
Capital Intensity snapshot only 0.731
Growth (YoY)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 38.3% 234.1% 797.1% 29.9% 5.7% 2.6% 1.6% 88.4% 51.1% -10.4% -10.1% 1.1% 3.2% 6.8% 7.4% 2.6% 70.7% 15.6% -13.1% -20.4% -20.36%
Net Income -1.0% 27.9% 70.9% 1.1% 1.8% 6.3% 15.7% 29.5% 1.6% -1.2% -1.2% 98.3% 9.4% 50.4% 53.2% 4.3% -1.9% -75.7% -89.9% -1.1% -1.06%
EPS -76.3% 35.6% 74.7% 1.1% 1.7% 5.7% 15.4% 26.3% 1.5% -1.2% -1.2% -13.2% 2.4% 17.2% 18.1% 2.9% -1.9% -75.7% -89.9% -1.1% -1.06%
FCF -3.7% -7.1% -2.7% 50.8% 98.1% 2.1% 2.1% 2.2% 30.7% -1.7% -49.1% 18.9% 24.9% 27.7% 44.2% 1.2% -32.4% -59.3% -64.6% -50.3% -50.32%
EBITDA -1.7% -11.9% 1.5% 2.9% 4.8% 21.4% 48.7% 2.8% 66.9% -86.1% -79.9% 1.3% 6.8% 68.3% 47.4% 4.0% 56.1% -23.3% -46.3% -58.8% -58.83%
Op. Income -2.7% 45.7% 5.7% 4.1% 5.1% 62.5% 9.2% 1.0% -33.5% -1.3% -1.1% 1.8% 12.1% 26.0% 72.8% 3.1% -19.9% -86.8% -1.0% -1.2% -1.19%
OCF Growth snapshot only -49.00%
Asset Growth snapshot only -8.07%
Equity Growth snapshot only -37.91%
Debt Growth snapshot only 0.06%
Shares Change snapshot only 0.00%
Dividend Growth snapshot only 61.76%
Growth (CAGR)
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue 3Y 30.5% 26.0% 25.2% 25.1% 10.0% 8.1% 7.4% 6.8% 6.4% 8.1% 11.3% 4.0% 2.5% 1.9% 1.7% 1.4% 1.2% 1.0% 87.4% 83.0% 82.98%
Revenue 5Y — — — — — — — — 11.6% 8.1% 7.4% 8.3% 5.1% 4.5% 4.4% 4.1% 3.9% 4.8% 5.7% 2.2% 2.24%
EPS 3Y — — — — — — — — — — — — — — — 3.5% 1.0% -4.6% -33.6% — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — 5.8% 2.0% 39.2% -0.3% — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — — — 6.8% 2.5% 1.7% 94.7% 73.5% 67.7% 67.71%
EBITDA 5Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 3Y — — 9.8% 13.6% 5.8% 5.1% 4.7% 3.8% 2.9% — — — — — 4.8% 3.0% 2.3% 1.6% 1.4% 1.5% 1.51%
Gross Profit 5Y — — — — — — — — 7.6% — — 6.9% 4.6% 4.2% 4.0% 3.9% 3.7% 4.4% — — —
Op. Income 3Y — — — — — — — — — — — — — — 3.5% 1.8% 91.3% 0.3% — — —
Op. Income 5Y — — — — — — — — — — — — — — — — — — — — —
FCF 3Y — — — — — — — — — — — — — — — — — 94.2% 1.0% 1.8% 1.77%
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — — — — — 6.4% 1.8% 84.4% 71.7% 71.7% 71.69%
OCF 5Y — — — — — — — — — — — — — — — — — — — — —
Assets 3Y 1.5% 71.3% 58.9% 40.1% 39.2% 59.2% 57.7% 66.3% 62.3% 73.0% 33.2% 2.4% 1.8% 2.0% 1.9% 1.6% 1.4% 1.1% 1.4% 1.2% 1.18%
Assets 5Y — — — — — — 97.7% 1.0% 1.0% 51.7% 53.2% 1.3% 1.1% 1.3% 1.1% 1.2% 1.1% 1.2% 1.0% 90.0% 90.03%
Equity 3Y 1.0% 25.0% 30.0% 4.3% 5.9% 31.9% 31.0% 18.6% 28.0% 32.6% 45.8% 2.1% 1.9% 2.4% 2.2% 2.3% 1.7% 1.2% 1.5% 1.4% 1.40%
Book Value 3Y 1.8% 73.0% 78.3% 42.5% -6.6% 74.7% 21.3% 7.0% 13.7% 21.5% 33.5% 1.2% 85.8% 1.2% 1.1% 1.2% 86.3% 52.3% 67.5% 65.2% 65.23%
Dividend 3Y — — — — — — — — 1.3% 86.4% 8.9% -46.1% — — -30.9% 17.0% — — 4.2% -19.1% -19.08%
Growth Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Revenue Stability 0.62 0.60 0.60 0.63 0.72 0.80 0.63 0.68 0.74 0.75 0.78 0.78 0.62 0.54 0.53 0.64 0.78 0.75 0.70 0.75 0.751
Earnings Stability 0.91 0.58 0.28 0.01 0.08 0.39 0.34 0.37 0.44 0.09 0.11 0.72 0.53 0.46 0.46 0.62 0.75 0.33 0.22 0.15 0.152
Margin Stability 0.00 0.32 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.33 0.36 0.25 0.00 0.00 0.000
Rev. Growth Consistency 1.00 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 1.00 1.00 0.50 0.50 1.00 1.00 1.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 0.00 0.00 1.00 1.00 0.50 0.50 1.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1
Earnings Persistence 0.50 0.89 0.50 0.20 0.20 0.20 0.20 0.50 0.50 0.20 0.20 0.50 0.50 0.20 0.20 0.50 0.99 0.50 0.50 0.20 0.200
Earnings Smoothness — — — — — — — 0.00 0.12 — — 0.34 0.00 — — 0.00 0.98 0.00 0.00 — —
ROE Trend -0.37 0.04 0.24 0.58 0.67 0.92 1.03 1.27 0.58 -0.32 -0.44 -0.29 0.16 0.19 0.15 -0.11 -0.10 0.02 -0.11 -0.33 -0.334
Gross Margin Trend -1.35 -1.02 0.06 0.40 -0.09 -0.18 0.77 0.88 0.21 -0.18 -0.21 0.24 0.44 0.56 0.56 0.40 0.37 0.36 0.34 0.01 0.011
FCF Margin Trend 69.73 32.96 39.71 11.18 5.03 6.62 24.28 2.04 0.60 0.05 0.12 0.38 0.35 0.32 0.22 0.02 -0.07 -0.00 -0.06 -0.16 -0.157
Sustainable Growth Rate — — — 6.0% 29.1% 75.3% 73.9% 52.6% -6.3% — — 27.5% 91.1% 77.5% 79.4% 49.8% 31.2% -0.8% -3.7% — —
Internal Growth Rate — — — 2.0% 12.0% 47.5% 58.7% 23.4% — — — 6.9% 59.5% 62.8% 1.2% 27.0% 17.9% — — — —
Cash Flow Quality
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
OCF/Net Income 1.94 2.97 4.82 1.21 2.20 1.75 1.48 1.62 1.78 -0.33 -5.12 3.17 1.97 1.68 1.73 1.54 1.76 4.06 7.59 -12.97 -12.965
FCF/OCF 1.27 1.48 1.63 -6.05 -0.03 0.52 0.41 0.18 0.39 -8.41 0.33 0.89 0.86 0.88 0.84 0.76 0.67 0.61 0.67 0.74 0.739
FCF/Net Income snapshot only -9.586
OCF/EBITDA snapshot only 0.906
CapEx/Revenue 23.2% 14.0% 8.6% 7.3% 11.8% 12.3% 13.9% 18.4% 9.8% 11.2% 11.5% 4.3% 5.9% 4.7% 5.8% 6.9% 7.4% 7.8% 6.1% 4.9% 4.90%
CapEx/Depreciation snapshot only 0.249
Accruals Ratio 0.27 0.27 0.21 -0.00 -0.15 -0.27 -0.24 -0.24 -0.18 -0.09 -0.41 -0.16 -0.36 -0.26 -0.42 -0.13 -0.15 -0.19 -0.18 -0.26 -0.261
Sloan Accruals snapshot only -0.266
Cash Flow Adequacy snapshot only 1.925
Dividends & Buybacks
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 3.8% 5.1% 24.9% 52.1% 69.2% 76.2% 35.9% — — — — — — 15.8% — — 4.85%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.01 $0.03 $0.11 $0.18 $0.25 $0.23 $0.16 $0.04 $0.00 $0.00 $0.06 $0.15 $0.19 $0.30 $0.23 $0.24 $0.09
Payout Ratio — — — 0.0% 16.4% 8.8% 24.6% 51.5% 1.1% — — 11.9% 0.0% 0.0% 4.8% 12.3% 25.6% 1.1% 1.8% — —
FCF Payout Ratio — — — — — 9.7% 40.0% 1.8% 1.6% — 1.3% 4.2% 0.0% 0.0% 3.3% 10.6% 21.8% 43.2% 36.0% 34.4% 34.36%
Total Payout Ratio — — — 0.0% 16.4% 8.9% 24.6% 51.5% 1.1% — — 12.3% 0.0% 0.0% 4.8% 12.3% 25.6% 1.1% 1.8% — —
Div. Increase Streak — — — — 0 0 0 0 1 1 1 0 — — 1 0 0 0 1 1 0
Chowder Number — — — — — — — — 17.27 8.17 1.04 — — — — — — — — — —
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.9% 0.9% 0.6% — — — — — — 0.0% — — —
Net Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.9% 0.9% 0.6% — — — — — — 0.0% — — —
Total Shareholder Return 0.0% 0.0% 0.0% 0.0% 3.8% 5.1% 25.0% 52.2% 70.0% 77.1% 36.5% — — — — — — 15.8% — — —
DuPont Factors
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Tax Burden (NI/EBT) 0.67 0.56 0.41 -0.33 0.68 0.71 0.72 0.72 0.72 0.69 0.78 0.65 0.85 0.79 0.77 0.79 0.69 0.69 0.73 0.70 0.695
Interest Burden (EBT/EBIT) 1.38 2.19 6.58 -0.24 0.48 0.77 0.81 0.92 0.92 1.29 3.65 0.54 0.58 0.60 0.58 0.58 0.63 0.55 0.52 1.08 1.077
EBIT Margin -0.48 -0.08 -0.01 0.10 0.16 0.27 0.27 0.21 0.13 -0.04 -0.01 0.37 0.45 0.49 0.46 0.41 0.29 0.13 0.06 -0.02 -0.019
Asset Turnover 0.65 1.40 1.93 2.34 2.45 2.42 3.07 2.83 2.60 1.77 2.04 0.57 1.69 1.67 2.81 1.29 1.61 1.25 1.16 1.31 1.310
Equity Multiplier 1.73 2.00 2.27 2.99 2.71 2.34 2.00 2.77 2.30 2.17 1.98 4.23 2.44 2.01 1.44 2.34 2.06 1.94 1.60 1.66 1.661
Per Share
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
EPS (Diluted TTM) $-0.13 $-0.07 $-0.03 $0.01 $0.09 $0.32 $0.44 $0.35 $0.22 $-0.07 $-0.07 $0.30 $0.75 $1.14 $1.26 $1.18 $0.74 $0.28 $0.13 $-0.07 $-0.07
Book Value/Share $0.23 $0.26 $0.29 $0.28 $0.31 $0.54 $0.61 $0.39 $0.52 $0.46 $0.55 $1.76 $1.48 $2.79 $2.85 $2.85 $2.03 $1.91 $2.86 $1.77 $1.77
Tangible Book/Share $0.21 $0.18 $0.27 $0.21 $0.30 $0.53 $0.60 $0.39 $0.51 $0.46 $0.54 $1.76 $1.48 $2.79 $2.85 $2.85 $2.03 $1.91 $2.86 $1.77 $1.77
Revenue/Share $0.30 $0.69 $1.07 $1.49 $1.67 $2.18 $2.73 $2.51 $2.47 $1.92 $2.22 $2.33 $3.40 $4.92 $6.12 $6.32 $5.80 $5.69 $5.32 $5.03 $2.22
FCF/Share $-0.33 $-0.30 $-0.24 $-0.09 $-0.01 $0.29 $0.27 $0.10 $0.15 $-0.19 $0.12 $0.85 $1.28 $1.68 $1.83 $1.38 $0.87 $0.68 $0.65 $0.69 $0.35
OCF/Share $-0.26 $-0.20 $-0.15 $0.02 $0.19 $0.56 $0.65 $0.56 $0.39 $0.02 $0.38 $0.95 $1.48 $1.91 $2.18 $1.82 $1.29 $1.13 $0.97 $0.93 $0.45
Cash/Share $0.08 $0.11 $0.07 $0.08 $0.11 $0.31 $0.27 $0.08 $0.02 $0.05 $0.15 $1.17 $0.48 $0.70 $0.50 $0.50 $0.32 $0.20 $0.35 $0.15 $0.15
EBITDA/Share $-0.10 $-0.04 $0.02 $0.19 $0.31 $0.65 $0.86 $0.66 $0.51 $0.09 $0.16 $0.67 $1.29 $2.03 $2.46 $2.49 $2.01 $1.55 $1.32 $1.03 $1.03
Debt/Share $0.04 $0.06 $0.01 $0.00 $0.08 $0.00 $0.05 $0.03 $0.10 $0.20 $0.26 $2.15 $0.96 $0.92 $0.86 $0.86 $0.75 $0.66 $1.21 $0.86 $0.86
Net Debt/Share $-0.04 $-0.05 $-0.06 $-0.08 $-0.03 $-0.31 $-0.22 $-0.04 $0.08 $0.14 $0.10 $0.98 $0.48 $0.22 $0.37 $0.37 $0.43 $0.46 $0.86 $0.71 $0.71
Academic Models
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — —
Piotroski F-Score 1 2 2 7 6 7 6 5 6 2 2 4 5 7 8 7 6 5 4 3 3
Beneish M-Score 81.65 — — 1.39 -4.63 -2.85 -0.59 -9.74 -4.63 -5.02 -0.49 17.44 3.75 8.51 -3.50 -3.64 -4.11 0.99 5.19 3.02 3.017
Ohlson O-Score snapshot only -7.353
ROIC (Greenblatt) snapshot only -5.83%
Net-Net WC snapshot only $-1.37
EVA snapshot only $-456776710.08
Credit
Metric Trend Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Q2'26 Current
Credit Rating snapshot only BBB
Credit Score 25.87 32.12 46.77 66.68 73.14 89.00 98.16 98.22 97.30 33.94 47.68 64.12 71.91 76.33 74.72 74.93 73.79 78.73 65.84 55.03 55.034
Credit Grade snapshot only 9
Credit Trend snapshot only -19.892
Implied Spread (bps) snapshot only 275.000
Industry Credit Rank snapshot only 50
Sector Credit Rank snapshot only 51

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