$57.20

-0.38 (-0.66%)

Weekly Expected Move ±2.9%

$54 $56 $57 $59 $61

NASDAQ · Financial Services · Insurance - Property & Casualty · Tech Score Strong Buy · Power 72 · $1.5B mcap · 22M float · 0.675% daily turnover · Short 57% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

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

45.1 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 14.3% · 5Y Avg: 6.2%

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. UFCS shows a Weak competitive edge (45.1/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 14.3% suggests modest returns relative to capital deployed.

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

$60

Low

$60

Avg Target

$60

High

Based on 1 analyst since Aug 3, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$60.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-05	Piper Sandler	Paul Newsome	$57	$60	+3	+11.8%	$53.66
2026-05-07	Piper Sandler	—	$45	$57	+12	+32.5%	$43.01
2026-05-06	Piper Sandler	Paul Newsome	$41	$45	+4	+12.9%	$39.85
2026-02-12	Piper Sandler	—	$37	$41	+4	+2.6%	$39.97
2025-12-22	Piper Sandler	Paul Newsome	$26	$37	+11	+0.4%	$36.87
2024-11-18	Piper Sandler	Paul Newsome	$31	$26	-5	+37.3%	$18.93
2022-10-27	Piper Sandler	Paul Newsome	Initiated	$31	—	-2.4%	$31.75

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.

Oct 27, 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. UFCS receives an overall rating of A. Strongest factors: DCF (5/5), ROE (4/5), ROA (5/5), D/E (4/5). Areas of concern: P/B (2/5).

Rating Change History

Date	From	To
2026-10-20	A+	A
2026-10-12	A-	A+
2026-09-04	B+	A-
2026-08-10	A-	B+
2026-08-06	B	A-
2026-08-05	B-	B
2026-08-04	A-	B-
2026-05-14	A	A-
2026-05-11	A-	A
2026-05-06	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.

★ ★ ★ ★ ★ 60 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. UFCS scores highest in Safety (100/100) and lowest in Profitability (50/100). An overall grade of A places UFCS 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

6.22

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-2.87

Unlikely Manipulator

Ohlson O-Score

-6.38

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

AA+

Score: 90.3/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.93x

Accruals: -3.4%

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. UFCS scores 6.22, 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. UFCS 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. UFCS's score of -2.87 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. UFCS'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. UFCS receives an estimated rating of AA+ (score: 90.3/100), with a stable 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). UFCS's score of 100/100 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

10.46x

PEG

0.20x

P/S

1.00x

P/B

1.50x

P/FCF

5.04x

P/OCF

4.98x

EV/EBITDA

6.77x

EV/Revenue

0.92x

EV/EBIT

7.18x

EV/FCF

5.07x

Earnings Yield

10.42%

FCF Yield

19.84%

Shareholder Yield

1.43%

Graham Number

$67.99

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 10.5x earnings, UFCS trades at a reasonable valuation. An earnings yield of 10.4% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $67.99 per share, suggesting a potential 19% 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

0.797

NI / EBT

Interest Burden

0.933

EBT / EBIT

EBIT Margin

0.129

EBIT / Rev

Asset Turnover

0.384

Rev / Assets

Equity Multiplier

4.210

Assets / Equity

ROE

15.5%

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. UFCS's ROE of 15.5% is driven by financial leverage (equity multiplier: 4.21x). 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.

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

$209.57

Price/Value

0.25x

Margin of Safety

75.07%

Premium

-75.07%

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 UFCS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. At an intrinsic value of $209.57, UFCS appears undervalued with a 75% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 10.5x.

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

$57.20

Median 1Y

$55.42

5th Pctile

$27.54

95th Pctile

$111.31

Ann. Volatility

43.0%

Analyst Target

$60.00

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
Kevin J. Leidwinger President/Chief Executive Officer	$821,000	$1,656,008	$3,896,774
Julie A. Stephenson EVP/Chief Operating Officer	$610,747	$677,552	$2,270,090
Eric J. Martin EVP/Chief Financial Officer	$514,090	$518,468	$1,612,822
Sarah E. Madsen SVP/Chief Legal Officer	$397,311	$301,564	$1,108,132
Steven D. Hernandez SVP/Chief Human Resources Officer	$395,106	$239,062	$936,478
Corey L Ruehle SVP/Chief Claim Officer	$250,700	$207,376	$922,168

CEO Pay Ratio

Insufficient data for pay ratio.

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

962

+11.5% YoY

Revenue / Employee

$1,441,177

Rev: $1,386,412,000

Profit / Employee

$122,860

NI: $118,191,000

SGA / Employee

—

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	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	1.7%	9.5%	10.9%	8.2%	6.9%	1.9%	-1.6%	-8.0%	-4.3%	-4.0%	-2.3%	5.2%	7.0%	8.2%	8.5%	11.7%	13.2%	13.7%	14.8%	15.5%	15.46%
ROA	0.5%	2.7%	3.0%	2.2%	1.8%	0.5%	-0.4%	-2.0%	-1.0%	-1.0%	-0.5%	1.1%	1.5%	1.9%	2.0%	2.6%	3.0%	3.2%	3.5%	3.7%	3.67%
ROIC	1.9%	10.1%	11.6%	8.9%	7.5%	2.2%	-2.4%	6.9%	-5.2%	-4.6%	-11.4%	1.1%	-60.6%	-27.0%	8.8%	12.1%	-57.4%	12.4%	-54.3%	14.3%	14.32%
ROCE	0.9%	3.3%	3.9%	5.7%	4.7%	1.1%	-0.7%	-2.6%	-2.6%	-1.2%	-0.6%	1.4%	1.9%	2.4%	2.6%	3.4%	4.0%	12.7%	14.1%	4.7%	4.72%
Gross Margin	8.8%	34.9%	26.2%	7.1%	0.0%	20.2%	12.2%	-16.0%	14.0%	19.2%	17.1%	10.8%	19.9%	23.6%	19.3%	20.3%	23.8%	47.3%	43.7%	1.0%	1.00%
Operating Margin	-5.8%	27.5%	14.2%	-6.4%	-13.3%	7.9%	-0.0%	-27.0%	3.1%	8.3%	5.5%	-1.3%	7.7%	11.9%	6.6%	8.7%	13.7%	13.2%	10.3%	10.9%	10.93%
Net Margin	-3.9%	22.0%	11.6%	-4.8%	-9.8%	7.0%	0.3%	-21.1%	2.3%	6.8%	4.6%	-0.9%	6.1%	9.5%	5.3%	6.8%	11.1%	10.5%	8.1%	8.7%	8.70%
EBITDA Margin	-4.8%	28.5%	15.2%	-5.2%	-10.9%	8.0%	1.3%	-25.8%	4.3%	9.5%	6.7%	0.3%	9.3%	13.4%	8.1%	10.2%	15.4%	14.9%	11.9%	12.5%	12.46%
FCF Margin	5.2%	1.5%	-0.1%	-2.8%	-2.5%	-0.3%	-1.2%	4.2%	15.6%	14.6%	18.1%	21.5%	16.1%	26.2%	25.5%	22.1%	22.0%	19.0%	20.1%	18.2%	18.22%
OCF Margin	6.5%	2.8%	1.2%	-2.1%	-1.9%	-0.1%	-1.0%	5.0%	16.2%	15.6%	19.0%	22.5%	17.0%	27.2%	26.4%	22.8%	22.6%	19.4%	20.4%	18.4%	18.44%
ROE 3Y Avg	snapshot only																				10.11%
ROE 5Y Avg	snapshot only																				6.03%
ROA 3Y Avg	snapshot only																				2.37%
ROIC 3Y Avg	snapshot only																				9.27%
ROIC Economic	snapshot only																				12.88%
Cash ROA	snapshot only																				6.76%
Cash ROIC	snapshot only																				27.59%
CROIC	snapshot only																				27.27%
NOPAT Margin	snapshot only																				9.57%
Pretax Margin	snapshot only																				12.01%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				0.00%
SBC / Revenue	snapshot only																				0.72%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	36.84	6.50	7.83	11.78	12.48	42.31	-49.23	-9.04	-16.14	-16.21	-31.52	14.11	10.40	11.53	11.35	8.06	7.09	8.03	7.35	9.60	10.457
P/S Ratio	0.46	0.50	0.71	0.80	0.68	0.64	0.62	0.50	0.43	0.44	0.47	0.45	0.43	0.57	0.58	0.56	0.58	0.68	0.67	0.92	0.998
P/B Ratio	0.63	0.60	0.85	1.00	0.94	0.86	0.83	0.78	0.73	0.66	0.72	0.71	0.66	0.91	0.92	0.88	0.88	1.01	1.01	1.38	1.503
P/FCF	8.84	32.88	-1111.67	-28.62	-27.63	-187.71	-52.34	11.83	2.76	2.99	2.61	2.07	2.68	2.17	2.29	2.54	2.65	3.60	3.35	5.04	5.040
P/OCF	7.10	17.52	58.91	—	—	—	—	10.08	2.65	2.80	2.48	1.98	2.53	2.10	2.21	2.45	2.57	3.52	3.30	4.98	4.983
EV/EBITDA	21.64	4.14	5.42	8.31	8.76	25.68	-57.14	15.68	-14.78	-16.55	4.39	-2.92	-4.44	-3.12	6.69	4.83	-1.90	5.64	-1.24	6.77	6.770
EV/Revenue	0.39	0.42	0.65	0.75	0.68	0.60	0.61	-1.01	0.41	0.39	-0.04	-0.15	-0.29	-0.24	0.53	0.50	-0.22	0.69	-0.16	0.92	0.923
EV/EBIT	32.18	4.42	5.74	9.00	10.07	38.59	-31.75	13.77	-11.89	-11.78	2.09	-3.59	-5.16	-3.52	7.47	5.22	-2.03	6.02	-1.31	7.18	7.176
EV/FCF	7.42	27.71	-1017.65	-27.07	-27.49	-173.85	-52.04	-23.90	2.65	2.67	-0.21	-0.70	-1.79	-0.90	2.08	2.25	-1.02	3.64	-0.81	5.07	5.066
Earnings Yield	2.7%	15.4%	12.8%	8.5%	8.0%	2.4%	-2.0%	-11.1%	-6.2%	-6.2%	-3.2%	7.1%	9.6%	8.7%	8.8%	12.4%	14.1%	12.5%	13.6%	10.4%	10.42%
FCF Yield	11.3%	3.0%	-0.1%	-3.5%	-3.6%	-0.5%	-1.9%	8.5%	36.2%	33.4%	38.3%	48.2%	37.3%	46.0%	43.7%	39.4%	37.7%	27.8%	29.8%	19.8%	19.84%
PEG Ratio	snapshot only																				0.205
Price/Tangible Book	snapshot only																				1.389
EV/OCF	snapshot only																				5.008
EV/Gross Profit	snapshot only																				1.695
Acquirers Multiple	snapshot only																				7.690
Shareholder Yield	snapshot only																				1.43%
Graham Number	snapshot only																				$67.99

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.30	—	—	0.32	0.30	0.32	—	—	0.34	3.97	—	—	—	—	—	—	—	0.06	0.81	—	—
Quick Ratio	0.30	—	—	0.32	0.30	0.32	—	—	0.34	3.97	—	—	—	—	—	—	—	0.06	0.81	—	—
Debt/Equity	0.06	0.06	0.06	0.06	0.07	0.07	0.07	0.07	0.08	0.07	0.07	0.16	0.15	0.15	0.14	0.14	0.16	0.18	0.15	0.15	0.150
Net Debt/Equity	-0.10	-0.09	-0.07	-0.05	-0.00	-0.06	-0.00	-2.36	-0.03	-0.07	-0.78	-0.96	-1.11	-1.29	-0.08	-0.10	-1.22	0.01	-1.25	0.01	0.007
Debt/Assets	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.036
Debt/EBITDA	2.51	0.47	0.42	0.56	0.67	2.18	-4.62	-0.73	-1.63	-1.93	-5.22	1.94	1.49	1.23	1.15	0.86	0.91	0.98	0.78	0.73	0.729
Net Debt/EBITDA	-4.16	-0.77	-0.50	-0.48	-0.04	-2.05	0.32	23.44	0.63	2.01	59.97	-11.54	-11.10	-10.62	-0.66	-0.63	-6.82	0.06	-6.36	0.03	0.034
Interest Coverage	5.61	31.39	28.33	25.64	20.37	4.79	-6.10	-24.35	-11.93	-11.18	-6.05	12.30	11.87	11.58	10.28	12.64	14.18	14.13	14.71	14.96	14.958
Equity Multiplier	3.70	3.43	3.51	3.69	4.02	3.89	3.86	4.46	4.73	4.29	4.40	4.69	4.51	4.46	4.32	4.33	4.18	4.08	4.11	4.11	4.107
Debt Service Coverage	snapshot only																				15.856
Cash to Debt	snapshot only																				0.953
FCF to Debt	snapshot only																				1.834
Defensive Interval	snapshot only																				431.3 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.37	0.35	0.33	0.33	0.33	0.34	0.35	0.36	0.37	0.36	0.37	0.36	0.37	0.38	0.38	0.37	0.37	0.38	0.38	0.38	0.384
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	3.29	2.29	2.51	2.76	2.75	2.44	1.96	2.05	2.58	2.64	1.71	1.56	1.81	2.18	2.13	1.97	1.68	2.35	2.32	2.65	2.648
Payables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	111	159	146	132	133	150	186	178	142	138	214	234	201	167	172	185	217	155	157	138	137.8 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—
Cash Conversion Cycle	111	159	146	132	133	150	186	178	142	138	214	234	201	167	172	185	217	155	157	138	—
Fixed Asset Turnover	snapshot only																				11.502
Cash Velocity	snapshot only																				10.563
Capital Intensity	snapshot only																				2.725

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	6.1%	-2.0%	-16.7%	-15.0%	-13.6%	-6.5%	1.0%	8.4%	13.8%	11.1%	11.6%	9.8%	10.4%	14.0%	14.2%	13.9%	11.8%	10.8%	10.8%	11.4%	11.39%
Net Income	1.1%	1.7%	5.2%	5.8%	2.8%	-81.3%	-1.1%	-1.9%	-1.6%	-3.0%	-33.8%	1.6%	2.7%	3.1%	4.9%	1.5%	1.2%	90.8%	97.3%	53.5%	53.49%
EPS	1.1%	1.7%	5.2%	5.9%	2.8%	-81.5%	-1.1%	-1.9%	-1.5%	-3.0%	-32.1%	1.6%	2.7%	3.0%	4.9%	1.4%	1.2%	87.4%	98.4%	56.4%	56.43%
FCF	11.7%	-29.4%	-1.0%	-1.5%	-1.4%	-1.2%	-17.7%	2.6%	8.2%	48.5%	18.2%	4.6%	14.0%	1.0%	61.0%	16.5%	53.1%	-19.8%	-12.7%	-7.9%	-7.95%
EBITDA	1.1%	1.7%	4.4%	5.1%	2.7%	-78.5%	-1.1%	-1.8%	-1.4%	-2.1%	11.4%	1.9%	3.6%	4.7%	11.7%	1.3%	1.0%	78.5%	83.2%	48.2%	48.18%
Op. Income	1.1%	1.6%	3.6%	3.6%	4.6%	-87.5%	-1.2%	-2.0%	-1.7%	-4.3%	-3.5%	1.6%	2.5%	2.9%	4.5%	1.6%	1.3%	92.0%	98.7%	53.0%	53.00%
OCF Growth	snapshot only																				-10.04%
Asset Growth	snapshot only																				9.65%
Equity Growth	snapshot only																				15.57%
Debt Growth	snapshot only																				24.92%
Shares Change	snapshot only																				-1.88%
Dividend Growth	snapshot only																				15.48%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	0.6%	-0.7%	-4.1%	-5.7%	-6.3%	-6.3%	-2.0%	-0.3%	1.4%	0.6%	-2.1%	0.4%	2.8%	5.8%	8.7%	10.7%	12.0%	12.0%	12.2%	11.7%	11.67%
Revenue 5Y	0.7%	-0.7%	-1.5%	-1.6%	-2.1%	-1.3%	-0.9%	-0.3%	0.0%	0.3%	-0.1%	-0.0%	0.7%	0.8%	3.7%	4.4%	5.2%	5.2%	3.5%	5.1%	5.12%
EPS 3Y	-48.3%	42.4%	51.2%	44.2%	82.6%	-0.1%	—	—	—	—	—	—	51.5%	-9.2%	-10.9%	9.8%	26.4%	96.4%	—	—	—
EPS 5Y	-26.9%	10.5%	14.2%	7.3%	25.1%	-21.7%	—	—	—	—	—	10.7%	41.3%	32.1%	—	—	—	—	—	—	—
Net Income 3Y	-48.6%	42.8%	50.6%	44.1%	82.6%	0.5%	—	—	—	—	—	—	53.1%	-8.4%	-9.8%	11.6%	28.3%	98.9%	—	—	—
Net Income 5Y	-27.3%	10.1%	13.7%	6.9%	25.3%	-21.7%	—	—	—	—	—	10.8%	42.1%	33.1%	—	—	—	—	—	—	—
EBITDA 3Y	-33.2%	—	60.1%	49.2%	99.1%	-6.5%	—	—	—	—	—	—	57.7%	-3.7%	-5.1%	15.3%	29.0%	95.0%	—	—	—
EBITDA 5Y	-26.1%	10.9%	15.8%	11.3%	73.2%	2.5%	—	—	—	—	—	17.7%	52.6%	27.7%	—	—	—	—	—	—	—
Gross Profit 3Y	-13.0%	12.1%	8.6%	4.6%	3.6%	-3.5%	3.8%	56.7%	—	—	-0.3%	17.9%	14.7%	4.0%	2.2%	12.5%	19.9%	41.4%	66.1%	1.6%	1.56%
Gross Profit 5Y	-5.6%	7.4%	12.4%	11.3%	17.3%	4.1%	-3.9%	-20.5%	-15.8%	-10.0%	-10.3%	0.9%	5.7%	8.1%	2.0%	85.6%	—	—	36.5%	49.3%	49.32%
Op. Income 3Y	-43.7%	—	65.6%	54.7%	1.5%	-10.6%	—	—	—	—	—	—	77.5%	-7.3%	-8.8%	13.7%	31.2%	1.3%	—	—	—
Op. Income 5Y	-33.8%	11.0%	16.0%	11.0%	2.4%	-5.1%	—	—	—	—	—	16.3%	72.2%	35.5%	—	—	—	—	—	—	—
FCF 3Y	-14.7%	-40.9%	—	—	—	—	—	5.4%	2.3%	92.4%	62.1%	63.2%	49.5%	1.7%	—	—	—	—	—	81.7%	81.72%
FCF 5Y	-21.0%	-40.1%	—	—	—	—	—	-14.4%	12.7%	15.9%	29.5%	44.5%	26.5%	39.9%	44.0%	50.2%	1.3%	63.4%	43.0%	36.0%	36.04%
OCF 3Y	-16.2%	-35.2%	-50.2%	—	—	—	—	-5.3%	93.1%	60.6%	50.1%	53.7%	41.7%	1.2%	2.0%	—	—	—	—	73.0%	72.96%
OCF 5Y	-17.8%	-32.6%	-44.0%	—	—	—	—	-15.7%	7.7%	9.3%	17.2%	26.5%	16.3%	29.4%	33.4%	37.4%	65.4%	45.5%	35.6%	30.4%	30.40%
Assets 3Y	2.1%	2.3%	0.3%	-1.3%	-2.2%	-1.5%	-0.6%	-0.2%	0.0%	0.8%	1.9%	3.7%	5.6%	5.0%	6.4%	8.3%	10.0%	10.0%	10.5%	10.0%	9.98%
Assets 5Y	-6.0%	-5.8%	-6.5%	-7.2%	-7.6%	-7.2%	0.4%	0.8%	1.5%	2.2%	2.2%	2.6%	3.3%	3.0%	3.6%	3.8%	4.3%	4.6%	5.0%	5.6%	5.59%
Equity 3Y	-2.7%	-0.3%	-4.4%	-6.9%	-10.1%	-6.7%	-3.4%	-7.7%	-7.7%	-3.8%	-3.6%	-4.7%	-1.2%	-3.8%	-0.7%	2.7%	8.6%	8.3%	8.1%	13.1%	13.05%
Book Value 3Y	-2.0%	-0.6%	-4.0%	-6.8%	-10.1%	-7.2%	-4.0%	-7.7%	-8.4%	-4.4%	-4.2%	-4.6%	-2.2%	-4.7%	-1.9%	1.1%	7.0%	7.0%	7.3%	12.1%	12.11%
Dividend 3Y	-22.5%	-19.4%	-14.1%	-7.7%	1.2%	1.2%	1.7%	1.8%	0.5%	0.1%	-0.5%	0.2%	-1.0%	-0.8%	-1.1%	-1.5%	-1.4%	-1.1%	1.5%	3.4%	3.38%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.03	0.02	0.01	0.07	0.20	0.19	0.06	0.07	0.06	0.05	0.14	0.06	0.00	0.01	0.42	0.54	0.65	0.63	0.37	0.62	0.621
Earnings Stability	0.30	0.08	0.02	0.06	0.02	0.01	0.02	0.13	0.07	0.01	0.02	0.05	0.19	0.10	0.34	0.49	0.62	0.45	0.32	0.49	0.490
Margin Stability	0.30	0.39	0.29	0.38	0.21	0.37	0.26	0.24	0.21	0.32	0.56	0.54	0.71	0.68	0.28	0.27	0.22	0.21	0.33	0.06	0.056
Rev. Growth Consistency	0.50	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	1.00	1.00	1.00	1.00	1.00	1.00	1.000
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	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.20	0.20	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.00	—	—	—	—	—	—	—	—	—	0.14	0.24	0.38	0.35	0.58	0.578
ROE Trend	0.09	0.15	0.18	0.15	0.14	0.04	-0.06	-0.12	-0.09	-0.10	-0.07	0.05	0.05	0.09	0.10	0.13	0.11	0.11	0.11	0.06	0.065
Gross Margin Trend	0.07	0.13	0.18	0.15	0.13	0.05	-0.05	-0.10	-0.07	-0.09	-0.07	0.03	0.04	0.07	0.09	0.11	0.09	0.15	0.20	0.36	0.364
FCF Margin Trend	0.02	-0.02	-0.05	-0.07	-0.05	-0.02	-0.03	0.03	0.14	0.14	0.19	0.21	0.10	0.19	0.17	0.09	0.06	-0.01	-0.02	-0.04	-0.036
Sustainable Growth Rate	-0.1%	7.7%	9.1%	6.3%	4.9%	-0.1%	—	—	—	—	—	2.9%	4.7%	6.0%	6.4%	9.6%	11.3%	11.8%	12.8%	13.4%	13.44%
Internal Growth Rate	—	2.2%	2.6%	1.7%	1.3%	—	—	—	—	—	—	0.6%	1.0%	1.4%	1.5%	2.2%	2.7%	2.9%	3.1%	3.3%	3.30%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	5.19	0.37	0.13	-0.31	-0.34	-0.08	0.76	-0.90	-6.10	-5.78	-12.71	7.11	4.11	5.49	5.14	3.29	2.75	2.28	2.23	1.93	1.926
FCF/OCF	0.80	0.53	-0.05	1.31	1.32	2.71	1.23	0.85	0.96	0.94	0.95	0.96	0.94	0.97	0.97	0.97	0.97	0.98	0.99	0.99	0.989
FCF/Net Income	snapshot only																				1.904
OCF/EBITDA	snapshot only																				1.352
CapEx/Revenue	1.3%	1.3%	1.3%	0.7%	0.6%	0.2%	0.2%	0.7%	0.7%	1.0%	1.0%	1.0%	1.0%	0.9%	0.9%	0.8%	0.6%	0.5%	0.3%	0.2%	0.21%
CapEx/Depreciation	snapshot only																				0.274
Accruals Ratio	-0.02	0.02	0.03	0.03	0.02	0.01	-0.00	-0.04	-0.07	-0.07	-0.08	-0.07	-0.05	-0.08	-0.08	-0.06	-0.05	-0.04	-0.04	-0.03	-0.034
Sloan Accruals	snapshot only																				0.003
Cash Flow Adequacy	snapshot only																				12.612
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	2.9%	2.9%	2.1%	2.0%	2.4%	2.5%	2.6%	3.1%	3.4%	3.4%	3.0%	3.1%	3.1%	2.3%	2.2%	2.2%	2.1%	1.7%	1.8%	1.4%	1.33%
Dividend/Share	$0.60	$0.60	$0.59	$0.61	$0.62	$0.62	$0.63	$0.64	$0.63	$0.63	$0.63	$0.64	$0.63	$0.62	$0.62	$0.62	$0.62	$0.62	$0.67	$0.71	$0.76
Payout Ratio	1.1%	18.7%	16.7%	23.2%	29.6%	1.1%	—	—	—	—	—	44.0%	32.3%	26.2%	24.5%	17.7%	14.6%	13.8%	13.3%	13.1%	13.07%
FCF Payout Ratio	25.9%	94.5%	—	—	—	—	—	36.1%	9.5%	10.0%	7.9%	6.5%	8.3%	4.9%	4.9%	5.6%	5.5%	6.2%	6.1%	6.9%	6.86%
Total Payout Ratio	1.2%	21.1%	18.8%	24.7%	29.6%	1.1%	—	—	—	—	—	45.2%	33.3%	26.2%	25.2%	18.6%	14.8%	15.6%	16.3%	13.8%	13.75%
Div. Increase Streak	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	-0.52	-0.44	-0.35	-0.20	0.06	0.08	0.10	0.08	0.07	0.05	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.09	0.15	0.147
Buyback Yield	0.3%	0.4%	0.3%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.0%	0.1%	0.1%	0.0%	0.2%	0.4%	0.1%	0.07%
Net Buyback Yield	0.2%	0.3%	0.2%	-0.0%	-0.1%	-0.1%	-0.2%	-0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	-0.0%	0.0%	0.1%	-0.0%	0.1%	0.3%	-0.0%	-0.01%
Total Shareholder Return	3.1%	3.2%	2.4%	2.0%	2.2%	2.4%	2.4%	3.0%	3.4%	3.4%	3.1%	3.2%	3.2%	2.2%	2.2%	2.3%	2.0%	1.8%	2.1%	1.4%	1.36%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.27	0.83	0.83	0.84	0.85	1.24	0.56	0.72	0.71	0.75	0.72	0.82	0.81	0.80	0.80	0.79	0.80	0.80	0.80	0.80	0.797
Interest Burden (EBT/EBIT)	0.82	0.97	0.96	0.96	0.95	0.79	1.16	1.04	1.08	1.09	1.17	0.92	0.92	0.91	0.90	0.92	0.93	0.93	0.93	0.93	0.933
EBIT Margin	0.01	0.09	0.11	0.08	0.07	0.02	-0.02	-0.07	-0.03	-0.03	-0.02	0.04	0.06	0.07	0.07	0.09	0.11	0.11	0.12	0.13	0.129
Asset Turnover	0.37	0.35	0.33	0.33	0.33	0.34	0.35	0.36	0.37	0.36	0.37	0.36	0.37	0.38	0.38	0.37	0.37	0.38	0.38	0.38	0.384
Equity Multiplier	3.71	3.57	3.61	3.67	3.85	3.64	3.67	4.05	4.36	4.09	4.13	4.58	4.61	4.38	4.36	4.50	4.33	4.25	4.21	4.21	4.210

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.56	$3.19	$3.56	$2.63	$2.09	$0.59	$-0.50	$-2.32	$-1.14	$-1.17	$-0.65	$1.45	$1.93	$2.38	$2.52	$3.48	$4.22	$4.47	$5.00	$5.44	$5.44
Book Value/Share	$32.46	$34.77	$33.00	$31.05	$27.82	$29.06	$29.48	$26.79	$25.21	$28.81	$28.52	$28.70	$30.33	$30.08	$31.16	$32.04	$34.05	$35.58	$36.42	$37.74	$38.06
Tangible Book/Share	$32.21	$34.53	$32.77	$30.83	$27.60	$28.85	$29.28	$26.59	$25.03	$28.63	$28.35	$28.53	$30.17	$29.93	$31.02	$31.91	$33.93	$35.46	$30.07	$37.62	$37.62
Revenue/Share	$44.40	$41.78	$39.52	$38.81	$38.23	$38.80	$39.62	$41.90	$42.86	$43.13	$43.63	$45.87	$46.71	$48.18	$49.05	$50.11	$51.29	$52.46	$54.63	$56.88	$57.37
FCF/Share	$2.32	$0.63	$-0.03	$-1.08	$-0.94	$-0.13	$-0.47	$1.77	$6.67	$6.32	$7.89	$9.89	$7.50	$12.64	$12.50	$11.05	$11.27	$9.95	$10.97	$10.37	$10.45
OCF/Share	$2.89	$1.18	$0.47	$-0.83	$-0.72	$-0.05	$-0.38	$2.08	$6.96	$6.74	$8.31	$10.32	$7.96	$13.10	$12.95	$11.44	$11.61	$10.20	$11.14	$10.49	$10.58
Cash/Share	$5.30	$5.24	$4.34	$3.67	$2.12	$3.81	$2.10	$65.28	$2.70	$4.01	$24.17	$32.05	$38.04	$43.41	$7.02	$7.67	$46.94	$5.91	$51.23	$5.38	$53.34
EBITDA/Share	$0.80	$4.22	$4.72	$3.52	$2.96	$0.90	$-0.42	$-2.70	$-1.20	$-1.02	$-0.37	$2.38	$3.02	$3.66	$3.90	$5.14	$6.07	$6.43	$7.18	$7.76	$7.76
Debt/Share	$1.99	$1.98	$1.97	$1.99	$1.98	$1.96	$1.96	$1.98	$1.95	$1.96	$1.94	$4.62	$4.52	$4.50	$4.46	$4.44	$5.54	$6.31	$5.60	$5.65	$5.65
Net Debt/Share	$-3.31	$-3.26	$-2.36	$-1.68	$-0.13	$-1.84	$-0.14	$-63.30	$-0.75	$-2.05	$-22.24	$-27.43	$-33.52	$-38.90	$-2.56	$-3.23	$-41.41	$0.40	$-45.63	$0.27	$0.27

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-I Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6.220
Altman Z-Prime	snapshot only																				2.623
Piotroski F-Score	6	4	5	4	3	1	2	4	6	6	5	6	6	6	6	7	6	6	7	7	7
Beneish M-Score	-3.27	-2.91	-1.98	-1.35	195.90	-2.34	-1.70	-2.62	-3.08	-2.49	-2.67	-3.88	-2.02	-2.41	-3.28	-3.37	-2.90	-3.15	-2.50	-2.87	-2.867
Ohlson O-Score	snapshot only																				-6.378
ROIC (Greenblatt)	snapshot only																				21.85%
Net-Net WC	snapshot only																				$-88.74
EVA	snapshot only																				$42536800.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	77.26	87.22	76.08	69.33	70.05	54.09	49.27	64.13	63.27	61.77	61.57	85.84	85.34	86.46	87.14	90.76	89.23	90.61	90.25	90.33	90.330
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				-0.435
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				71
Sector Credit Rank	snapshot only																				93

UFCS 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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