— Know what they know.
Not Investment Advice
Also trades as: TBS.JO (JNB) · $vol 6M · TBLMY (OTC) · $vol 0M

TBLMF OTC

Tiger Brands Limited
1W: -0.8% 1M: +3.7% 3M: +2.5% YTD: -14.2% 1Y: -5.6% 3Y: +131.3% 5Y: +73.1%
$17.00
+0.00 (+0.00%)
 
OTC · Consumer Defensive · Packaged Foods · Tech Score Sell · Power 52 · $2.5B mcap · 130M float · 0.0000% daily turnover · Short 90% 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.

A-
Oct 02, 2026
DCF
4
ROE
5
ROA
5
D/E
2
P/E
3
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. TBLMF 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
DateFromTo
2026-10-03 None ADDED
2026-09-30 EXISTED None
2026-09-22 None ADDED
2026-09-22 EXISTED None
2026-09-15 None ADDED
2026-09-13 EXISTED None
2026-09-09 None ADDED
2026-09-06 EXISTED None
2026-09-02 None ADDED
2026-08-30 EXISTED None

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 A+
Profitability
67
Balance Sheet
74
Earnings Quality
65
Growth
58
Value
—
Momentum
83
Safety
—
Cash Flow
81

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
8/9
✓ ✓ ✓ ✓ ✓ ✗ ✓ ✓ ✓
Beneish M-Score
-3.60
Unlikely Manipulator
Ohlson O-Score
-10.67
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA-
Score: 82.8/100
Trend: Improving
Earnings Quality
75/100
OCF/NI: 1.50x
Accruals: -14.1%
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. TBLMF scores 8/9, 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. TBLMF's score of -3.60 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. TBLMF'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. TBLMF receives an estimated rating of AA- (score: 82.8/100), 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). TBLMF'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
11.08x
PEG
-0.85x
P/S
1.06x
P/B
3.26x
P/FCF
—
P/OCF
—
EV/EBITDA
—
EV/Revenue
—
EV/EBIT
—
EV/FCF
—
Earnings Yield
—
FCF Yield
—
Shareholder Yield
—
Graham Number
$279.69
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 11.1x earnings, TBLMF trades at a reasonable valuation. Graham's intrinsic value formula yields $279.69 per share, suggesting a potential 1545% margin of safety at 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
0.701
NI / EBT
×
Interest Burden
0.928
EBT / EBIT
×
EBIT Margin
0.153
EBIT / Rev
×
Asset Turnover
2.857
Rev / Assets
×
Equity Multiplier
1.758
Assets / Equity
=
ROE
50.0%
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. TBLMF's ROE of 50.0% is driven by Asset Turnover (2.857), 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
13.12%
Fair P/E
34.74x
Intrinsic Value
$1635.59
Price/Value
—
Margin of Safety
—
Premium
—
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TBLMF's realized 13.1% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TBLMF trades at a premium to its adjusted intrinsic value of $1635.59, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 34.7x compares to the current market P/E of 11.1x.

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
$17.00
Median 1Y
$15.02
5th Pctile
$5.40
95th Pctile
$42.61
Ann. Volatility
59.6%
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 35.0% 38.9% 41.9% 38.6% 33.6% 32.6% 39.1% 34.8% 29.7% 29.2% 18.9% 25.0% 30.2% 28.1% 33.9% 31.1% 30.0% 28.0% 36.1% 50.0% 49.97%
ROA 20.4% 23.1% 26.3% 24.8% 22.8% 22.5% 27.1% 23.6% 21.1% 20.9% 12.9% 16.9% 20.3% 18.6% 22.7% 20.3% 19.9% 18.1% 23.3% 28.4% 28.42%
ROIC 34.0% 39.4% 44.8% 42.2% 39.4% 35.3% 40.2% 38.9% 39.2% 42.2% 38.2% 37.4% 39.3% 32.2% 37.3% 35.3% 37.6% 42.1% 45.6% 48.5% 48.55%
ROCE 50.4% 50.1% 51.3% 49.3% 43.0% 58.4% 53.8% 43.4% 32.4% 2.3% 1.5% 2.0% 2.1% 1.8% 2.0% 4.9% 13.7% 17.5% 47.1% 88.2% 88.16%
Gross Margin 32.2% 33.4% 33.4% 32.5% 32.5% 31.3% 29.1% 29.4% 30.8% 30.6% 26.0% 29.2% 31.4% 27.0% 28.3% 28.0% 28.7% 29.6% 32.0% 32.1% 32.06%
Operating Margin 16.2% 16.1% 16.1% 14.2% 14.2% 8.6% 12.5% 12.6% 15.2% 15.1% 9.8% 13.2% 16.4% 11.8% 13.6% 12.2% 9.8% 9.5% 11.7% 16.8% 16.78%
Net Margin 10.4% 10.0% 10.0% 8.4% 8.4% 9.4% 17.6% 2.2% 4.7% 8.4% 3.5% 7.2% 9.6% 6.0% 8.5% 3.6% 8.9% 11.3% 11.0% 8.8% 8.85%
EBITDA Margin 14.7% 16.3% 16.3% 14.3% 14.3% 5.5% 21.5% 6.2% 18.1% 12.2% 6.3% 11.7% 19.0% 14.2% 16.3% 4.8% 10.9% 12.2% 22.9% 19.2% 19.17%
FCF Margin 0.8% 2.7% 4.6% 4.3% 3.9% -0.8% -0.8% 0.1% 1.6% 5.7% 6.1% 4.9% 5.1% 2.7% 2.4% 2.0% 5.8% 9.6% 9.7% 12.0% 11.99%
OCF Margin 3.6% 5.6% 7.6% 7.1% 6.6% 1.7% 2.4% 3.4% 5.0% 9.1% 9.3% 7.9% 8.1% 5.7% 5.5% 5.1% 8.7% 12.7% 12.4% 14.9% 14.89%
ROE 3Y Avg snapshot only 39.28%
ROE 5Y Avg snapshot only 38.18%
ROA 3Y Avg snapshot only 22.39%
ROIC 3Y Avg snapshot only 27.07%
ROIC Economic snapshot only 48.55%
Cash ROA snapshot only 47.77%
Cash ROIC snapshot only 83.31%
CROIC snapshot only 67.08%
NOPAT Margin snapshot only 8.68%
Pretax Margin snapshot only 14.19%
R&D / Revenue snapshot only 0.09%
SGA / Revenue snapshot only 14.97%
SBC / Revenue snapshot only 0.09%
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 — — — — — — — — — — — — — — — — — — — — 11.078
P/S Ratio — — — — — — — — — — — — — — — — — — — — 1.060
P/B Ratio — — — — — — — — — — — — — — — — — — — — 3.259
P/FCF — — — — — — — — — — — — — — — — — — — — —
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA — — — — — — — — — — — — — — — — — — — — —
EV/Revenue — — — — — — — — — — — — — — — — — — — — —
EV/EBIT — — — — — — — — — — — — — — — — — — — — —
EV/FCF — — — — — — — — — — — — — — — — — — — — —
Earnings Yield — — — — — — — — — — — — — — — — — — — — —
FCF Yield — — — — — — — — — — — — — — — — — — — — —
Graham Number snapshot only $279.69
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 1.71 1.83 1.85 1.80 1.99 2.63 1.95 1.89 2.09 2.01 1.90 1.93 1.67 1.78 1.91 1.71 1.82 2.10 1.90 1.05 1.055
Quick Ratio 0.82 1.02 1.05 0.99 1.06 1.53 0.99 0.99 1.12 0.93 0.91 0.76 0.68 0.76 0.80 0.72 0.81 1.41 1.23 0.58 0.579
Debt/Equity 0.18 0.14 0.05 0.08 0.06 0.01 0.03 0.05 0.02 0.03 0.04 0.05 0.10 0.20 0.12 0.24 0.07 0.04 0.02 0.24 0.235
Net Debt/Equity 0.13 0.07 -0.03 0.01 -0.03 -0.04 -0.08 -0.04 -0.09 -0.04 -0.10 0.01 0.02 0.16 0.08 0.18 -0.02 -0.31 -0.26 0.15 0.146
Debt/Assets 0.11 0.09 0.03 0.05 0.04 0.00 0.02 0.03 0.02 0.02 0.02 0.04 0.06 0.13 0.08 0.15 0.05 0.02 0.01 0.12 0.118
Debt/EBITDA 0.29 0.23 0.08 0.13 0.11 0.01 0.07 0.11 0.05 0.06 0.09 0.11 0.19 0.37 0.19 0.42 0.14 0.10 0.04 0.21 0.211
Net Debt/EBITDA 0.22 0.12 -0.04 0.02 -0.06 -0.10 -0.15 -0.09 -0.20 -0.08 -0.25 0.03 0.05 0.29 0.12 0.32 -0.04 -0.82 -0.46 0.13 0.130
Interest Coverage 12.87 15.45 19.24 22.39 27.65 45.20 57.72 39.58 35.36 2.72 1.52 2.51 2.46 1.44 1.07 2.70 8.63 17.67 124.75 78.93 78.926
Equity Multiplier 1.58 1.55 1.43 1.45 1.38 1.35 1.45 1.50 1.43 1.45 1.47 1.46 1.54 1.57 1.51 1.60 1.47 1.52 1.59 2.00 1.998
Cash Ratio snapshot only 0.101
Debt Service Coverage snapshot only 89.934
Cash to Debt snapshot only 0.381
FCF to Debt snapshot only 3.266
Defensive Interval snapshot only 156.9 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 2.56 2.55 2.58 2.55 2.47 2.48 2.50 2.60 2.57 2.62 2.71 2.76 2.78 2.79 2.92 2.97 2.97 2.39 2.73 2.86 2.857
Inventory Turnover 8.23 8.20 8.08 7.65 7.40 7.70 7.68 8.08 8.00 7.44 7.58 7.33 7.19 7.09 7.53 7.15 7.32 6.80 7.46 7.63 7.634
Receivables Turnover 16.98 13.06 17.61 12.67 15.22 13.19 17.03 12.53 16.91 14.19 19.32 15.10 20.64 15.15 21.15 17.18 21.30 12.39 19.69 14.73 14.732
Payables Turnover 21.48 9.57 18.74 9.31 13.13 9.40 15.98 8.92 13.51 9.24 15.91 8.84 16.03 9.30 17.97 10.59 16.14 7.50 13.72 9.55 9.550
DSO 21 28 21 29 24 28 21 29 22 26 19 24 18 24 17 21 17 29 19 25 24.8 days
DIO 44 45 45 48 49 47 48 45 46 49 48 50 51 51 48 51 50 54 49 48 47.8 days
DPO 17 38 19 39 28 39 23 41 27 40 23 41 23 39 20 34 23 49 27 38 38.2 days
Cash Conversion Cycle 49 34 46 37 46 36 46 33 40 35 44 33 46 36 45 38 44 34 41 34 34.4 days
Fixed Asset Turnover snapshot only 11.418
Operating Cycle snapshot only 72.6 days
Cash Velocity snapshot only 71.509
Capital Intensity snapshot only 0.312
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 45.2% 6.4% 2.2% -1.7% -5.5% -5.5% -8.4% -2.8% -0.5% 1.1% 5.9% 3.0% 8.3% 11.9% 16.3% 19.7% 16.3% -3.9% 1.3% -3.9% -3.92%
Net Income 52.1% 37.3% 71.5% 36.1% 9.7% -5.5% -2.5% -9.2% -11.5% -11.2% -53.6% -30.8% -3.6% -6.4% 90.2% 33.9% 6.8% 9.0% 11.2% 40.0% 39.97%
EPS 50.4% 35.8% 69.6% 36.5% 10.0% -5.4% -2.4% -9.9% -12.3% -12.0% -54.0% -31.4% -0.9% -1.4% 1.0% 41.9% 10.1% 10.0% 14.7% 48.7% 48.66%
FCF -38.3% 1.4% 4.7% 4.3% 3.8% -1.3% -1.2% -97.3% -59.4% 7.8% 9.1% 40.6% 2.5% -46.7% -53.0% -50.3% 32.2% 2.4% 3.0% 4.7% 4.71%
EBITDA 51.6% 12.1% 8.8% 3.2% -2.2% -21.8% -19.3% -27.7% -20.0% 13.2% -18.2% 7.7% 9.8% 4.0% 68.2% 33.2% 6.8% -20.6% -9.5% 25.2% 25.23%
Op. Income 57.3% 20.7% 20.6% 7.9% -3.5% -19.4% -30.2% -26.0% -20.4% 6.0% 13.7% 15.3% 22.8% 3.7% 20.4% 20.2% -0.1% -14.0% -18.0% -12.6% -12.56%
OCF Growth snapshot only 1.78%
Asset Growth snapshot only -19.73%
Equity Growth snapshot only -35.56%
Debt Growth snapshot only -37.12%
Shares Change snapshot only -5.84%
Dividend Growth snapshot only 2.77%
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 — — — — — — 62.3% 27.9% 10.9% 0.5% -0.3% -0.5% 0.6% 2.2% 4.1% 6.2% 7.8% 2.8% 7.6% 5.8% 5.79%
Revenue 5Y — — — — — — — — — — — — — — 39.4% 20.8% 11.5% 1.8% 3.1% 2.5% 2.50%
EPS 3Y — — — — — — 68.6% 32.4% 13.2% 4.2% -8.7% -5.5% -1.5% -6.4% -3.3% -4.3% -1.5% -1.6% 2.0% 13.1% 13.12%
EPS 5Y — — — — — — — — — — — — — — 34.7% 17.7% 9.6% 4.1% 11.9% 12.2% 12.23%
Net Income 3Y — — — — — — 69.4% 33.1% 13.9% 4.8% -8.1% -5.1% -2.2% -7.7% -4.9% -5.6% -3.0% -3.2% -0.6% 9.0% 9.04%
Net Income 5Y — — — — — — — — — — — — — — 33.8% 16.9% 8.7% 3.3% 10.4% 9.9% 9.87%
EBITDA 3Y — — — — — — 60.2% 19.1% 5.9% -0.3% -10.5% -7.0% -4.9% -2.7% 3.5% 1.2% -2.1% -2.2% 7.6% 21.6% 21.59%
EBITDA 5Y — — — — — — — — — — — — — — 41.4% 19.4% 6.8% -3.9% 1.8% 6.0% 6.03%
Gross Profit 3Y — — — — — — 62.5% 26.6% 9.3% -1.2% -2.8% -3.3% -2.0% -2.0% -0.2% 1.4% 2.2% -1.5% 5.8% 6.1% 6.10%
Gross Profit 5Y — — — — — — — — — — — — — — 37.2% 18.6% 8.8% -0.3% 1.9% 1.9% 1.92%
Op. Income 3Y — — — — — — 57.8% 22.3% 6.5% 1.1% -1.5% -2.7% -1.9% -3.9% -1.5% 0.8% -0.8% -1.9% 3.9% 6.6% 6.60%
Op. Income 5Y — — — — — — — — — — — — — — 40.0% 20.4% 8.2% -1.6% -1.1% -0.7% -0.67%
FCF 3Y — — — — — — — -45.7% 6.6% 69.6% 93.9% 82.1% 90.0% 2.5% -15.8% -17.2% 23.3% — — 3.9% 3.91%
FCF 5Y — — — — — — — — — — — — — — 70.6% 27.0% 41.1% 54.8% 69.0% 76.6% 76.57%
OCF 3Y — — — — — — 23.4% 9.5% 8.2% 26.2% 33.6% 27.6% 31.5% 2.9% -6.5% -4.6% 18.2% 99.1% 86.9% 73.1% 73.08%
OCF 5Y — — — — — — — — — — — — — — 40.0% 19.6% 22.5% 24.6% 30.3% 35.1% 35.08%
Assets 3Y — — — — — — -4.2% -2.2% -3.5% -3.4% -2.8% -3.4% -0.7% 1.8% 2.5% 5.2% 3.4% 6.4% 6.7% -0.5% -0.50%
Assets 5Y — — — — — — — — — — — — — — 0.5% 2.8% 1.3% 2.6% 1.6% -2.2% -2.17%
Equity 3Y — — — — — — 5.8% 6.6% 5.9% 4.6% 4.0% 1.3% 0.0% 1.3% 0.6% 1.6% 1.3% 2.3% 3.7% -9.5% -9.52%
Book Value 3Y — — — — — — 5.3% 6.0% 5.2% 3.9% 3.4% 0.8% 0.7% 2.7% 2.2% 3.1% 2.9% 4.0% 6.4% -6.1% -6.14%
Dividend 3Y — — — — — — 5.3% 2.9% -6.7% -9.8% -16.7% -14.3% 0.7% 1.3% 8.1% 2.7% -2.8% -8.4% 14.6% 58.2% 58.21%
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 — — 0.77 0.73 0.59 0.01 0.53 0.53 0.42 0.00 0.16 0.27 0.03 0.25 0.76 0.84 0.94 0.61 0.56 0.50 0.500
Earnings Stability — — 1.00 0.99 0.91 0.57 0.88 0.76 0.50 0.09 0.17 0.19 0.26 0.00 0.23 0.20 0.25 0.00 0.05 0.16 0.159
Margin Stability — — 0.98 0.98 0.98 0.99 0.98 0.97 0.96 0.96 0.95 0.95 0.95 0.94 0.95 0.94 0.94 0.94 0.96 0.96 0.958
Rev. Growth Consistency 0.50 0.50 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.00 1.00 0.00 1.00 0.00 0.000
Earn. Growth Consistency 0.50 0.50 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 1.00 1.00 1.000
FCF Positive Streak 1 1 1 1 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1
Earnings Persistence — — 0.50 0.86 0.96 0.98 0.99 0.96 0.95 0.96 0.50 0.88 0.99 0.97 0.50 0.86 0.97 0.96 0.96 0.84 0.840
Earnings Smoothness 0.59 0.69 0.47 0.69 0.91 0.94 0.97 0.90 0.88 0.88 0.27 0.64 0.96 0.93 0.38 0.71 0.93 0.91 0.89 0.67 0.667
ROE Trend — — 0.20 0.12 0.03 -0.02 0.08 0.03 -0.01 -0.03 -0.21 -0.12 -0.01 -0.04 0.02 -0.01 -0.03 -0.03 0.11 0.37 0.367
Gross Margin Trend — — 0.01 0.01 0.01 0.00 -0.01 -0.02 -0.02 -0.02 -0.03 -0.03 -0.02 -0.03 -0.01 -0.01 -0.02 -0.01 0.01 0.02 0.019
FCF Margin Trend — — 0.04 0.03 0.03 -0.03 -0.04 -0.02 -0.01 0.05 0.04 0.03 0.02 0.00 -0.00 -0.00 0.02 0.05 0.05 0.09 0.086
Sustainable Growth Rate 12.0% 15.8% 19.1% 15.4% 11.2% 8.7% 13.3% 9.3% 11.2% 11.1% 3.0% 8.1% 10.7% 9.6% 15.9% 14.9% 14.1% 15.7% 12.1% -16.2% -16.15%
Internal Growth Rate 7.5% 10.4% 13.6% 11.0% 8.2% 6.4% 10.1% 6.7% 8.6% 8.7% 2.1% 5.8% 7.7% 6.8% 11.9% 10.7% 10.3% 11.3% 8.5% — —
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 0.46 0.62 0.74 0.73 0.72 0.19 0.22 0.37 0.61 1.14 1.95 1.30 1.11 0.86 0.71 0.75 1.30 1.67 1.45 1.50 1.497
FCF/OCF 0.21 0.48 0.61 0.60 0.59 -0.49 -0.34 0.04 0.31 0.62 0.65 0.61 0.63 0.47 0.45 0.39 0.67 0.76 0.79 0.81 0.805
FCF/Net Income snapshot only 1.205
OCF/EBITDA snapshot only 0.855
CapEx/Revenue 2.9% 2.9% 3.0% 2.9% 2.7% 2.6% 3.2% 3.3% 3.5% 3.4% 3.2% 3.1% 3.0% 3.0% 3.0% 3.1% 2.9% 3.0% 2.6% 2.9% 2.90%
CapEx/Depreciation snapshot only 1.360
Accruals Ratio 0.11 0.09 0.07 0.07 0.06 0.18 0.21 0.15 0.08 -0.03 -0.12 -0.05 -0.02 0.03 0.07 0.05 -0.06 -0.12 -0.10 -0.14 -0.141
Sloan Accruals snapshot only -0.275
Cash Flow Adequacy snapshot only 0.927
Earnings Quality Score snapshot only 0.750
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 — — — — — — — — — — — — — — — — — — — — 17.82%
Dividend/Share $19.91 $20.46 $21.03 $21.71 $22.29 $23.94 $24.92 $23.83 $18.25 $17.76 $14.58 $15.06 $18.74 $18.60 $18.54 $16.54 $16.91 $13.72 $26.57 $62.30 $43.69
Payout Ratio 65.7% 59.3% 54.4% 60.1% 66.8% 73.4% 66.1% 73.3% 62.4% 61.9% 84.0% 67.4% 64.7% 65.8% 53.1% 52.2% 53.0% 44.1% 66.3% 1.3% 1.32%
FCF Payout Ratio 6.9% 2.0% 1.2% 1.4% 1.6% — — 55.4% 3.2% 86.8% 65.9% 84.9% 92.6% 1.6% 1.7% 1.8% 61.3% 34.7% 58.2% 1.1% 1.10%
Total Payout Ratio 65.7% 59.3% 54.4% 60.2% 66.9% 73.4% 66.2% 73.4% 62.6% 62.6% 84.9% 85.9% 95.5% 98.5% 79.7% 69.3% 56.9% 52.3% 89.6% 1.8% 1.76%
Div. Increase Streak 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Net Buyback Yield — — — — — — — — — — — — — — — — — — — — —
Total Shareholder Return — — — — — — — — — — — — — — — — — — — — —
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) 0.76 0.74 0.73 0.73 0.73 0.72 0.78 0.79 0.74 0.79 0.74 0.77 0.87 0.87 0.88 0.90 0.87 0.77 0.69 0.70 0.701
Interest Burden (EBT/EBIT) 0.73 0.84 0.95 0.95 0.95 0.69 0.91 0.97 1.21 15.21 15.18 14.77 15.27 15.85 16.34 5.97 2.21 1.85 1.06 0.93 0.928
EBIT Margin 0.14 0.15 0.15 0.14 0.13 0.18 0.15 0.12 0.09 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.03 0.05 0.12 0.15 0.153
Asset Turnover 2.56 2.55 2.58 2.55 2.47 2.48 2.50 2.60 2.57 2.62 2.71 2.76 2.78 2.79 2.92 2.97 2.97 2.39 2.73 2.86 2.857
Equity Multiplier 1.72 1.68 1.59 1.56 1.48 1.45 1.44 1.47 1.40 1.40 1.46 1.48 1.49 1.51 1.49 1.54 1.51 1.55 1.55 1.76 1.758
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) $30.32 $34.48 $38.67 $36.10 $33.36 $32.61 $37.72 $32.53 $29.25 $28.69 $17.37 $22.32 $28.99 $28.29 $34.93 $31.67 $31.92 $31.11 $40.05 $47.08 $47.08
Book Value/Share $93.67 $95.38 $101.13 $98.59 $104.57 $104.75 $91.79 $89.29 $93.54 $92.73 $92.94 $90.30 $95.66 $103.37 $108.09 $107.90 $114.08 $117.92 $110.64 $73.84 $76.95
Tangible Book/Share $69.93 $71.89 $79.48 $77.05 $83.74 $84.67 $72.39 $71.60 $75.92 $75.35 $75.56 $73.05 $77.82 $85.12 $88.74 $88.65 $94.92 $98.99 $92.03 $54.87 $54.87
Revenue/Share $381.09 $379.89 $379.11 $371.00 $361.25 $359.26 $347.47 $358.06 $356.11 $359.80 $364.97 $365.75 $396.39 $423.62 $448.81 $463.85 $475.64 $410.81 $468.69 $473.30 $229.83
FCF/Share $2.89 $10.22 $17.55 $15.82 $14.01 $-3.05 $-2.76 $0.43 $5.63 $20.47 $22.12 $17.74 $20.23 $11.48 $10.99 $9.35 $27.58 $39.59 $45.64 $56.75 $21.69
OCF/Share $13.89 $21.32 $28.77 $26.40 $23.91 $6.27 $8.22 $12.17 $17.93 $32.79 $33.84 $28.94 $32.28 $24.22 $24.66 $23.89 $41.42 $52.04 $58.03 $70.48 $31.32
Cash/Share $4.44 $6.66 $7.35 $6.70 $9.56 $5.35 $10.38 $8.34 $10.71 $7.21 $12.92 $3.68 $6.86 $4.13 $4.90 $6.44 $9.82 $40.91 $31.60 $6.62 $6.74
EBITDA/Share $56.54 $57.65 $58.81 $57.27 $55.49 $45.12 $47.47 $41.08 $43.97 $50.59 $38.53 $43.90 $49.62 $55.39 $68.54 $62.00 $54.69 $44.35 $63.92 $82.46 $82.46
Debt/Share $16.66 $13.54 $4.76 $7.70 $5.99 $0.67 $3.13 $4.55 $2.02 $3.19 $3.39 $4.85 $9.19 $20.41 $13.24 $26.02 $7.88 $4.38 $2.33 $17.37 $17.37
Net Debt/Share $12.22 $6.88 $-2.59 $0.99 $-3.57 $-4.68 $-7.26 $-3.79 $-8.69 $-4.02 $-9.53 $1.17 $2.32 $16.28 $8.33 $19.58 $-1.94 $-36.53 $-29.27 $10.76 $10.76
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 7 7 7 8 7 5 6 4 5 4 4 5 6 4 7 5 8 8 7 8 8
Beneish M-Score -1.89 -2.19 -2.21 -2.15 -2.15 -1.71 -1.59 -1.90 -2.46 -2.72 -3.14 -2.88 -2.45 -2.02 -1.86 -1.80 -2.45 -2.50 -3.13 -3.60 -3.601
Ohlson O-Score snapshot only -10.668
ROIC (Greenblatt) snapshot only 1.61%
Net-Net WC snapshot only $-2.94
EVA snapshot only $4868297409.10
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 AA-
Credit Score 74.40 81.50 81.50 82.75 82.75 78.55 74.20 76.00 82.75 67.75 65.25 67.75 67.75 62.75 62.75 64.60 77.75 81.50 82.75 82.75 82.750
Credit Grade snapshot only 4
Credit Trend snapshot only 18.150
Implied Spread (bps) snapshot only 100.000

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