Hang Lung Group Limited (0010.HK)

Analysis: Growth Rates Industry: Real Estate - Diversified Sector: Real Estate Live Price: $16.24

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	-13.75%	-13.75%	-8.37%	-9.65%	0.58%	4.69%	3.70%
Slope	-16.42%	-16.57%	-10.41%	-10.25%	-5.04%	0.08%	2.12%
CAGR	-14.59%	-14.18%	-9.31%	-10.48%	-2.46%	1.34%	0.62%
LSR	-14.59%	-15.39%	-10.58%	-10.43%	-5.74%	1.24%	3.33%
Market Capitalization
Avg YoY	-13.75%	-13.75%	-8.35%	-9.60%	0.60%	4.67%	3.68%
Slope	-16.42%	-16.57%	-10.40%	-10.19%	-4.98%	0.11%	2.14%
CAGR	-14.59%	-14.18%	-9.29%	-10.43%	-2.43%	1.35%	0.62%
LSR	-14.59%	-15.39%	-10.57%	-10.38%	-5.68%	1.27%	3.34%
(-) Cash & Equivalents
Avg YoY	40.87%	72.25%	13.69%	9.76%	16.89%	16.89%	16.89%
Slope	33.54%	35.25%	-17.90%	-14.68%	-2.73%	3.06%	5.46%
CAGR	37.71%	61.48%	-9.71%	-6.66%	—	—	—
LSR	37.71%	52.07%	-11.27%	-16.42%	—	—	—
(+) Total Debt
Avg YoY	12.06%	10.60%	6.11%	8.85%	11.30%	16.56%	16.56%
Slope	11.41%	8.87%	7.43%	4.13%	7.08%	7.20%	8.33%
CAGR	12.04%	10.39%	4.99%	7.53%	8.66%	10.58%	—
LSR	12.04%	9.29%	7.50%	4.23%	9.19%	8.95%	—
Enterprise Value
Avg YoY	1.21%	-0.82%	4.29%	0.87%	4.37%	7.49%	8.18%
Slope	1.17%	-1.60%	3.44%	0.87%	1.27%	3.33%	4.65%
CAGR	1.17%	-0.90%	3.63%	0.27%	3.06%	5.90%	5.82%
LSR	1.17%	-1.58%	3.71%	0.88%	1.38%	4.29%	6.50%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	3.75%	5.48%	3.20%	13.12%	19.68%	16.19%	14.47%
Slope	3.67%	4.14%	-0.22%	2.65%	3.18%	3.83%	3.51%
CAGR	3.70%	5.33%	2.06%	5.29%	5.46%	2.97%	1.84%
LSR	3.70%	4.31%	-0.06%	4.29%	4.33%	4.66%	3.93%
Cost of Revenue
Avg YoY	27.29%	19.22%	11.18%	6.31%	12.95%	12.95%	12.95%
Slope	22.29%	13.36%	2.38%	7.16%	6.44%	8.93%	9.53%
CAGR	23.06%	16.86%	7.50%	11.05%	—	—	—
LSR	23.06%	13.18%	2.22%	—	—	—	—
Gross Profit
Avg YoY	-5.32%	0.17%	0.27%	10.38%	13.10%	10.99%	10.16%
Slope	-5.69%	-0.09%	-1.33%	1.04%	2.07%	2.36%	2.01%
CAGR	-5.71%	-0.31%	-0.61%	2.90%	2.48%	0.66%	-0.06%
LSR	-5.71%	-0.12%	-1.23%	2.53%	2.81%	2.79%	2.23%
Gross Margin
Avg YoY	-8.42%	-4.94%	-2.37%	-1.61%	-1.72%	-1.36%	-1.12%
Slope	-9.11%	-4.09%	-1.09%	-1.70%	-1.53%	-1.84%	-1.63%
CAGR	-9.07%	-5.35%	-2.62%	-2.27%	-2.82%	-2.24%	-1.86%
LSR	-9.07%	-4.24%	-1.17%	-1.68%	-1.46%	-1.79%	-1.64%
SG&A Expenses
Avg YoY	-0.07%	4.83%	-0.57%	6.60%	8.94%	10.04%	9.98%
Slope	-0.07%	4.50%	-0.63%	1.42%	3.10%	5.11%	6.65%
CAGR	-0.07%	4.71%	-0.89%	2.28%	5.30%	6.50%	—
LSR	-0.07%	4.75%	-0.61%	1.99%	3.80%	6.97%	—
Operating Expenses
Avg YoY	0.24%	4.56%	1.79%	14.43%	-14.02%	-11.09%	-2.51%
Slope	0.22%	4.73%	-23.28%	8.10%	67.91%	-1.45%	216.56%
CAGR	0.23%	4.44%	-14.40%	—	-5.41%	-6.86%	—
LSR	0.23%	4.95%	-15.07%	—	—	—	—
Operating Income (EBIT)
Avg YoY	-5.89%	-0.21%	420.51%	282.35%	227.84%	184.56%	150.84%
Slope	-6.32%	-0.53%	-1.05%	-2.27%	-1.89%	2.21%	3.00%
CAGR	-6.32%	-0.76%	-0.56%	-1.71%	4.53%	5.57%	1.88%
LSR	-6.32%	-0.57%	0.85%	-3.34%	-1.61%	3.68%	3.41%
Operating Margin
Avg YoY	-8.95%	-5.33%	412.37%	262.12%	201.91%	163.96%	134.52%
Slope	-9.72%	-4.51%	-0.67%	-6.66%	-4.70%	-0.42%	0.35%
CAGR	-9.67%	-5.77%	-2.58%	-6.65%	-0.88%	2.52%	0.04%
LSR	-9.67%	-4.68%	0.91%	-7.31%	-5.70%	-0.94%	-0.50%
Interest Income
Avg YoY	-0.73%	1.18%	15.09%	9.80%	1.96%	1.96%	1.96%
Slope	-8.30%	0.00%	-17.02%	-8.51%	2.74%	6.56%	7.89%
CAGR	-9.34%	-3.78%	-7.15%	—	—	—	—
LSR	-9.34%	-0.90%	-16.84%	—	—	—	—
Interest Expense
Avg YoY	37.27%	26.32%	-9.70%	15.92%	6.74%	3.59%	0.44%
Slope	31.05%	40.14%	-11.75%	2.22%	5.59%	3.72%	-1.40%
CAGR	37.27%	—	-2.12%	13.77%	—	—	-0.04%
LSR	37.27%	—	—	—	—	—	—
Net Interest Income
Avg YoY	44.71%	-124.92%	-72.21%	-89.51%	-74.76%	-66.11%	-55.74%
Slope	-36.54%	-48.06%	9.62%	-10.76%	-7.47%	-2.32%	4.10%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Income / Expense
Avg YoY	70.27%	77.47%	136.46%	364.37%	262.76%	114.36%	95.75%
Slope	-50.22%	32.68%	-49.47%	-13.10%	-14.29%	-5.38%	3.28%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unusual Items
Avg YoY	70.27%	77.47%	136.46%	364.37%	262.76%	114.36%	95.75%
Slope	50.22%	-32.68%	49.47%	13.10%	14.29%	5.38%	-3.28%
CAGR	60.59%	-21.80%	34.67%	—	—	—	4.39%
LSR	60.59%	-5.28%	—	—	—	—	—
EBT excl. Unusual
Avg YoY	-34.80%	-69.94%	-16.51%	-1.54%	16.31%	54.95%	33.59%
Slope	-45.92%	79.91%	-11.20%	-3.95%	-5.26%	-0.07%	2.68%
CAGR	-45.83%	—	-15.41%	-11.04%	-9.15%	-0.53%	-2.12%
LSR	-45.83%	—	—	—	—	—	—
Pre-Tax Income
Avg YoY	-15.91%	-233.11%	-102.99%	-55.90%	-23.69%	-4.34%	-5.60%
Slope	-18.34%	20.49%	-6.98%	-2.93%	-3.72%	0.87%	2.60%
CAGR	-18.18%	—	-5.69%	-4.41%	-1.93%	3.83%	0.50%
LSR	-18.18%	—	—	—	—	—	—
Pre-Tax Margin
Avg YoY	-18.32%	-209.51%	-90.83%	-61.90%	-43.81%	-23.65%	-20.73%
Slope	-21.37%	20.10%	-6.82%	-6.45%	-6.85%	-1.70%	0.24%
CAGR	-21.11%	—	-7.60%	-9.21%	-7.00%	0.84%	-1.31%
LSR	-21.11%	—	—	—	—	—	—
Income Tax Expense
Avg YoY	-4.05%	9.18%	29.98%	26.83%	35.70%	46.34%	38.57%
Slope	-4.57%	-1.37%	0.64%	3.48%	-0.78%	2.76%	4.41%
CAGR	-4.64%	2.94%	1.71%	1.71%	1.10%	6.57%	3.94%
LSR	-4.64%	-0.46%	1.55%	3.98%	0.11%	6.44%	7.72%
Net Income
Avg YoY	-19.60%	-75.56%	-37.52%	-12.58%	13.08%	39.32%	32.74%
Slope	-23.21%	39.87%	-9.34%	-4.24%	-5.07%	-0.63%	1.41%
CAGR	-22.96%	—	-7.36%	-5.44%	-2.92%	0.54%	-1.18%
LSR	-22.96%	—	—	—	—	—	—
Net Margin
Avg YoY	-21.78%	-71.36%	-33.94%	-25.00%	-11.65%	9.67%	8.31%
Slope	-26.07%	42.94%	-9.16%	-7.80%	-8.81%	-3.41%	-1.00%
CAGR	-25.72%	—	-9.24%	-10.19%	-7.95%	-2.36%	-2.96%
LSR	-25.72%	—	—	—	—	—	—
Depreciation & Amortization
Avg YoY	22.89%	25.19%	10.09%	16.33%	18.69%	18.69%	18.69%
Slope	20.67%	20.87%	9.31%	8.63%	10.99%	11.83%	11.55%
CAGR	22.47%	24.95%	8.75%	11.04%	—	—	—
LSR	22.47%	23.77%	8.56%	9.42%	—	—	—
EBITDA
Avg YoY	-5.55%	0.05%	318.20%	216.56%	179.34%	146.17%	119.07%
Slope	-5.95%	-0.28%	-0.95%	-2.19%	-1.82%	2.26%	3.04%
CAGR	-5.96%	-0.48%	-0.45%	-1.60%	4.63%	5.65%	1.94%
LSR	-5.96%	-0.31%	0.79%	-3.08%	-1.37%	3.89%	3.57%
EBITDA Margin
Avg YoY	-8.63%	-5.08%	311.22%	197.11%	154.03%	126.06%	103.15%
Slope	-9.36%	-4.27%	-0.58%	-6.58%	-4.64%	-0.37%	0.39%
CAGR	-9.32%	-5.51%	-2.46%	-6.55%	-0.79%	2.60%	0.10%
LSR	-9.32%	-4.43%	0.85%	-7.06%	-5.46%	-0.74%	-0.34%
NOPAT
Avg YoY	-5.89%	-0.21%	420.51%	282.35%	227.84%	184.56%	150.84%
Slope	-6.32%	-0.53%	-1.05%	-2.27%	-1.89%	2.21%	3.00%
CAGR	-6.32%	-0.76%	-0.56%	-1.71%	4.53%	5.57%	1.88%
LSR	-6.32%	-0.57%	0.85%	-3.34%	-1.61%	3.68%	3.41%
NOPAT Margin
Avg YoY	-8.95%	-5.33%	412.37%	262.12%	201.91%	163.96%	134.52%
Slope	-9.72%	-4.51%	-0.67%	-6.66%	-4.70%	-0.42%	0.35%
CAGR	-9.67%	-5.77%	-2.58%	-6.65%	-0.88%	2.52%	0.04%
LSR	-9.67%	-4.68%	0.91%	-7.31%	-5.70%	-0.94%	-0.50%
Owner's Earnings
Avg YoY	1,783.87%	834.91%	262.86%	762.63%	681.07%	592.21%	470.40%
Slope	50.23%	1,768.55%	29.76%	13.84%	-119.02%	-104.39%	-52.71%
CAGR	354.90%	—	—	—	0.66%	9.20%	2.01%
LSR	354.90%	—	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	1,769.78%	827.71%	247.66%	617.11%	492.21%	430.05%	332.94%
Slope	47.91%	669.81%	26.78%	18.75%	-43.21%	-9,933.26%	-279.60%
CAGR	338.65%	—	—	—	-4.55%	6.05%	0.17%
LSR	338.65%	—	—	—	—	—	—
EPS (Basic)
Avg YoY	-19.60%	-75.56%	-37.59%	-12.66%	12.93%	39.16%	32.67%
Slope	-23.21%	39.87%	-9.37%	-4.31%	-5.21%	-0.74%	1.33%
CAGR	-22.96%	—	-7.41%	-5.52%	-3.04%	0.42%	-1.21%
LSR	-22.96%	—	—	—	—	—	—
EPS (Diluted)
Avg YoY	-19.60%	-75.56%	-37.57%	-12.63%	12.87%	38.95%	32.49%
Slope	-23.21%	39.87%	-9.36%	-4.26%	-5.13%	-0.70%	1.35%
CAGR	-22.96%	—	-7.40%	-5.46%	-3.00%	0.43%	-1.21%
LSR	-22.96%	—	—	—	—	—	—
Shares (Basic)
Avg YoY	0.00%	0.00%	0.05%	0.08%	0.12%	0.12%	0.03%
Slope	0.00%	0.00%	0.04%	0.08%	0.14%	0.14%	0.10%
CAGR	0.00%	0.00%	0.05%	0.08%	0.12%	0.12%	0.03%
LSR	0.00%	0.00%	0.04%	0.08%	0.14%	0.15%	0.10%
Shares (Diluted)
Avg YoY	0.00%	0.00%	0.04%	0.02%	0.08%	0.11%	0.03%
Slope	0.00%	0.00%	0.03%	0.03%	0.07%	0.12%	0.09%
CAGR	0.00%	0.00%	0.04%	0.02%	0.08%	0.11%	0.03%
LSR	0.00%	0.00%	0.03%	0.03%	0.07%	0.12%	0.09%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	40.87%	72.25%	13.69%	9.76%	16.89%	16.89%	16.89%
Slope	33.54%	35.25%	-17.90%	-14.68%	-2.73%	3.06%	5.46%
CAGR	37.71%	61.48%	-9.71%	-6.66%	—	—	—
LSR	37.71%	52.07%	-11.27%	-16.42%	—	—	—
Short-Term Investments
Avg YoY	-100.00%	-69.26%	-69.26%	-69.26%	-58.72%	-19.25%	-18.54%
Slope	-150.00%	-75.63%	11.97%	18.68%	-7.81%	-8.36%	-3.84%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Cash & Short-Term Investments
Avg YoY	40.09%	19.51%	23.72%	16.21%	23.27%	22.63%	21.27%
Slope	32.90%	6.75%	-15.05%	-13.48%	-3.10%	1.72%	4.24%
CAGR	36.74%	12.33%	-9.71%	-6.66%	2.90%	3.41%	—
LSR	36.74%	5.81%	-9.26%	-14.20%	-3.95%	3.07%	—
Net Receivables
Avg YoY	-5.40%	-2.29%	-2.29%	-21.83%	-21.83%	-21.83%	-21.83%
Slope	-5.54%	-2.18%	29.78%	24.02%	21.00%	18.24%	16.00%
CAGR	-5.41%	-2.35%	—	—	—	—	—
LSR	-5.41%	-2.20%	—	—	—	—	—
Inventory
Avg YoY	8.35%	14.95%	23.57%	8.40%	-1.61%	-0.42%	0.56%
Slope	6.93%	12.39%	20.20%	10.38%	4.73%	-0.36%	2.40%
CAGR	7.51%	13.96%	14.92%	5.95%	1.40%	1.70%	—
LSR	7.51%	14.13%	26.21%	—	—	—	—
Other Current Assets
Avg YoY	-100.00%	-27.01%	11.37%	-16.65%	23.99%	52.24%	33.25%
Slope	150.00%	47.03%	-15.98%	-22.94%	-51.57%	-47.36%	-89.34%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Current Assets
Avg YoY	167.93%	90.70%	47.48%	30.56%	27.26%	22.79%	16.40%
Slope	57.19%	41.14%	-2.27%	-9.74%	-3.14%	-0.38%	1.27%
CAGR	119.72%	49.53%	-1.30%	-1.82%	2.19%	2.83%	2.49%
LSR	119.72%	52.18%	-1.50%	-11.21%	-5.49%	-2.33%	—
Property, Plant & Equipment
Avg YoY	384.36%	198.49%	79.88%	4,147.29%	3,061.11%	2,424.78%	2,006.64%
Slope	108.57%	64.92%	-28.40%	-9.60%	-2.72%	1.02%	2.24%
CAGR	199.21%	83.56%	-35.88%	-23.29%	-13.81%	-9.96%	-8.48%
LSR	199.21%	64.80%	-56.17%	-31.09%	-21.55%	-13.36%	-9.07%
Goodwill
Avg YoY	0.00%	0.00%	-0.04%	-0.02%	-0.02%	-0.02%	-0.02%
Slope	0.00%	0.00%	-0.03%	5.33%	10.51%	11.53%	11.34%
CAGR	0.00%	0.00%	-0.04%	—	—	—	—
LSR	0.00%	0.00%	-0.03%	—	—	—	—
Intangible Assets
Avg YoY	-100.00%	-33.33%	-33.33%	-33.33%	-33.33%	-33.33%	-33.33%
Slope	-150.00%	-50.00%	18.18%	21.43%	19.55%	17.31%	15.35%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Long-Term Investments
Avg YoY	-46.26%	-16.17%	-9.98%	-8.97%	-14.18%	-5.89%	-6.23%
Slope	-72.29%	-17.52%	-45.01%	-10.80%	2.34%	6.91%	8.33%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Tax Assets
Avg YoY	-0.34%	15.76%	249.58%	159.31%	115.09%	115.09%	115.09%
Slope	-0.35%	13.59%	27.82%	16.28%	5.87%	8.56%	9.28%
CAGR	-0.35%	11.96%	25.09%	8.58%	3.21%	—	—
LSR	-0.35%	15.60%	49.02%	—	—	—	—
Other Non-Current Assets
Avg YoY	2.47%	0.95%	-622.98%	-267.08%	-196.60%	-151.43%	-185.86%
Slope	2.42%	0.54%	47.84%	32.69%	24.58%	19.73%	18.02%
CAGR	2.46%	0.88%	—	32.10%	20.08%	16.85%	17.29%
LSR	2.46%	0.55%	—	—	—	—	—
Other Assets
Avg YoY	-41.46%	-16.20%	1.32%	4.73%	4.73%	4.73%	-4.79%
Slope	-69.10%	-18.17%	-1.23%	11.15%	13.78%	13.62%	6.26%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Non-Current Assets
Avg YoY	-2.80%	-1.18%	2.55%	4.22%	8.34%	7.86%	6.57%
Slope	-3.05%	-0.97%	3.27%	4.29%	6.18%	7.18%	6.87%
CAGR	-3.08%	-1.37%	2.29%	3.97%	7.85%	7.38%	5.93%
LSR	-3.08%	-1.01%	3.46%	4.61%	7.61%	9.34%	8.24%
Total Assets
Avg YoY	2.36%	1.45%	1.99%	3.17%	7.19%	6.91%	5.74%
Slope	1.76%	1.59%	2.90%	2.71%	5.02%	6.16%	6.09%
CAGR	1.84%	1.12%	1.79%	2.97%	6.78%	6.52%	5.30%
LSR	1.84%	1.60%	2.94%	2.80%	6.14%	7.82%	7.26%
Accounts Payable
Avg YoY	-0.97%	-5.90%	1.42%	6.80%	8.75%	7.16%	8.62%
Slope	-1.22%	-6.38%	2.52%	3.29%	5.50%	5.50%	6.18%
CAGR	-1.24%	-6.24%	-1.99%	3.66%	6.06%	4.57%	—
LSR	-1.24%	-6.09%	3.02%	3.51%	6.65%	6.19%	—
Short-Term Debt
Avg YoY	52.20%	16.42%	14.52%	32.32%	46.31%	34.48%	32.37%
Slope	37.38%	-1.00%	9.85%	3.37%	6.91%	7.00%	6.83%
CAGR	40.54%	4.40%	3.82%	1.55%	—	2.48%	—
LSR	40.54%	-2.52%	—	—	—	—	—
Tax Payables
Avg YoY	-14.82%	-15.77%	-0.42%	-17.92%	-19.84%	-13.76%	-15.38%
Slope	-17.16%	-15.49%	-6.58%	-3.74%	-0.14%	1.02%	3.21%
CAGR	-17.11%	-16.92%	-6.57%	-9.32%	-1.13%	-0.47%	—
LSR	-17.11%	-14.98%	-6.74%	—	—	—	—
Deferred Revenue
Avg YoY	-100.00%	83.07%	52.81%	52.81%	52.81%	27.34%	27.34%
Slope	-150.00%	-21.73%	19.81%	22.15%	19.95%	5.73%	7.31%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Current Liabilities
Avg YoY	2.91%	2.44%	-15.52%	-4,275.17%	-3,954.01%	-3,678.72%	-2,722.93%
Slope	1.79%	2.49%	103.35%	24.20%	5.96%	-1.25%	-17.49%
CAGR	1.90%	1.81%	—	—	—	—	-1.37%
LSR	1.90%	2.52%	—	—	—	—	—
Total Current Liabilities
Avg YoY	13.11%	0.79%	5,348.54%	3,379.88%	2,336.52%	1,777.07%	1,442.04%
Slope	12.13%	-3.10%	24.99%	11.58%	8.94%	6.87%	4.85%
CAGR	12.46%	-0.69%	—	2.99%	11.45%	3.63%	5.04%
LSR	12.46%	-3.06%	—	—	—	—	—
Long-Term Debt
Avg YoY	8.48%	12.08%	5.73%	12.15%	11.08%	10.45%	10.45%
Slope	7.98%	10.64%	6.72%	4.07%	7.04%	7.20%	8.33%
CAGR	8.42%	11.90%	5.17%	9.59%	7.64%	—	—
LSR	8.42%	11.64%	6.60%	4.72%	9.34%	—	—
Capital Lease Obligations
Avg YoY	-0.44%	-3.17%	-2.55%	-14.73%	-24.13%	-24.13%	-24.13%
Slope	-0.56%	-3.71%	10.64%	17.27%	7.22%	9.43%	9.88%
CAGR	-0.57%	-3.40%	—	15.47%	—	—	—
LSR	-0.57%	-3.63%	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	-0.62%	0.02%	4.95%	-4.15%	3.38%	22.18%	22.18%
Slope	-0.63%	-0.77%	5.72%	5.65%	4.78%	7.45%	8.51%
CAGR	-0.63%	-0.12%	4.18%	3.31%	7.07%	—	—
LSR	-0.63%	-0.75%	6.18%	—	—	—	—
Other Non-Current Liabilities
Avg YoY	-199.78%	-99.62%	-39.12%	-35.74%	-39.37%	-26.80%	-13.37%
Slope	150.67%	235.89%	28.03%	1.25%	-8.85%	-31.51%	-779.95%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Non-Current Liabilities
Avg YoY	45.86%	30.77%	14.04%	12.52%	10.72%	8.23%	12.84%
Slope	16.96%	22.45%	12.48%	5.32%	6.14%	5.77%	5.91%
CAGR	24.05%	19.69%	8.36%	7.58%	6.82%	4.08%	7.34%
LSR	24.05%	26.17%	11.37%	4.33%	6.03%	5.73%	6.65%
Total Liabilities
Avg YoY	33.68%	19.81%	15.79%	9.95%	10.59%	7.52%	11.65%
Slope	16.00%	16.10%	14.96%	6.45%	6.65%	5.97%	5.70%
CAGR	21.08%	13.10%	11.54%	6.23%	7.59%	3.97%	6.67%
LSR	21.08%	17.46%	15.70%	5.39%	6.41%	5.80%	5.91%
Common Stock
Avg YoY	0.00%	0.00%	0.45%	13.75%	12.05%	12.05%	12.05%
Slope	0.00%	0.00%	0.20%	6.50%	9.67%	10.99%	10.97%
CAGR	0.00%	0.00%	0.44%	8.18%	—	—	—
LSR	0.00%	0.00%	0.21%	9.10%	—	—	—
Retained Earnings
Avg YoY	1.34%	1.62%	2.83%	-5.13%	-9.68%	-9.68%	-9.68%
Slope	1.33%	1.68%	2.59%	7.81%	9.91%	11.14%	11.07%
CAGR	1.34%	1.62%	2.78%	—	—	—	—
LSR	1.34%	1.70%	2.70%	—	—	—	—
Accumulated OCI
Avg YoY	7.93%	-0.74%	19.85%	12.23%	12.23%	12.23%	12.23%
Slope	7.20%	-13.54%	5.16%	7.85%	11.93%	12.43%	11.97%
CAGR	7.18%	-6.81%	2.28%	—	—	—	—
LSR	7.18%	-12.23%	6.31%	—	—	—	—
Minority Interest
Avg YoY	-4.48%	-3.99%	-1.36%	-0.44%	5.94%	6.99%	1.93%
Slope	-4.57%	-4.55%	-0.89%	-0.18%	3.05%	5.41%	5.76%
CAGR	-4.49%	-4.08%	-1.47%	-0.54%	5.22%	—	4.27%
LSR	-4.49%	-4.48%	-0.93%	-0.20%	3.99%	—	—
Total Shareholders’ Equity
Avg YoY	1.58%	1.02%	2.70%	619.22%	477.76%	477.76%	477.76%
Slope	1.57%	0.62%	2.62%	7.75%	10.01%	11.21%	11.12%
CAGR	1.58%	0.98%	2.64%	35.57%	—	—	—
LSR	1.58%	0.63%	2.74%	22.54%	—	—	—
Total Equity
Avg YoY	-0.81%	-1.01%	0.98%	11.17%	18.26%	17.17%	10.60%
Slope	-0.82%	-1.45%	1.15%	4.02%	6.55%	8.24%	8.30%
CAGR	-0.82%	-1.06%	0.91%	6.55%	10.83%	—	7.88%
LSR	-0.82%	-1.44%	1.19%	5.05%	8.93%	—	—
Total Liabilities & Equity
Avg YoY	6.81%	3.68%	3.95%	8.30%	12.21%	10.87%	9.39%
Slope	5.01%	3.98%	4.59%	4.65%	6.57%	7.60%	7.54%
CAGR	5.44%	2.89%	3.56%	6.44%	9.47%	8.62%	7.41%
LSR	5.44%	4.02%	4.67%	5.07%	8.14%	10.08%	9.57%
Tangible Assets
Avg YoY	2.67%	1.61%	2.01%	3.13%	7.17%	6.89%	5.72%
Slope	2.02%	1.76%	2.89%	2.67%	4.99%	6.12%	6.06%
CAGR	2.12%	1.26%	1.80%	2.94%	6.75%	6.49%	5.28%
LSR	2.12%	1.76%	2.93%	2.76%	6.09%	7.78%	7.22%
Tangible Equity
Avg YoY	-0.44%	-0.83%	0.99%	11.24%	18.31%	17.21%	10.64%
Slope	-0.44%	-1.24%	1.12%	3.98%	6.50%	8.20%	8.27%
CAGR	-0.44%	-0.88%	0.91%	6.49%	10.78%	—	7.85%
LSR	-0.44%	-1.23%	1.15%	5.00%	8.85%	—	—
Tangible Book Value
Avg YoY	-0.44%	-0.83%	0.99%	11.24%	18.31%	17.21%	10.64%
Slope	-0.44%	-1.24%	1.12%	3.98%	6.50%	8.20%	8.27%
CAGR	-0.44%	-0.88%	0.91%	6.49%	10.78%	—	7.85%
LSR	-0.44%	-1.23%	1.15%	5.00%	8.85%	—	—
Total Investments
Avg YoY	-47.29%	-36.70%	-2.91%	-8.43%	-10.75%	-10.05%	10.94%
Slope	-73.02%	-40.65%	-42.18%	-10.37%	1.30%	5.02%	6.41%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt
Avg YoY	8.06%	6.18%	28.69%	-641.69%	-470.20%	-364.63%	-350.43%
Slope	7.67%	5.35%	14.99%	20.76%	16.25%	10.53%	10.27%
CAGR	8.04%	6.02%	18.31%	—	7.46%	9.61%	—
LSR	8.04%	5.50%	21.14%	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	-100.07%	-59.17%	-12.19%	-8.83%	-2.77%	3.39%	-10.69%
Slope	319.52%	202.52%	-116.09%	-30.53%	-14.05%	-7.13%	-2.92%
CAGR	—	—	-3.97%	-6.76%	-3.12%	1.54%	-0.12%
LSR	—	—	—	—	—	—	—
Total Capital
Avg YoY	5.18%	4.13%	3.57%	4.93%	8.09%	8.46%	7.43%
Slope	5.05%	3.41%	4.14%	3.67%	5.94%	6.70%	6.79%
CAGR	5.18%	4.06%	3.47%	4.76%	7.73%	7.97%	6.78%
LSR	5.18%	3.47%	4.22%	3.83%	7.29%	8.36%	8.34%
Capital Employed
Avg YoY	1.06%	1.35%	1.99%	3.13%	6.88%	7.25%	5.77%
Slope	1.05%	0.90%	2.43%	2.31%	4.73%	6.00%	6.04%
CAGR	1.05%	1.28%	1.94%	2.97%	6.51%	6.90%	5.32%
LSR	1.05%	0.92%	2.48%	2.42%	5.80%	7.73%	7.33%
Invested Capital
Avg YoY	3.56%	2.55%	6.05%	7.82%	7.65%	8.11%	7.14%
Slope	3.49%	2.06%	5.90%	6.94%	7.46%	7.29%	7.00%
CAGR	3.56%	2.49%	5.80%	7.52%	7.32%	7.64%	6.51%
LSR	3.56%	2.09%	6.42%	7.66%	8.46%	8.19%	7.80%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	27.34%	81.92%	32.42%	27.61%	38.29%	44.82%	35.05%
Slope	23.53%	54.52%	-4.57%	-7.60%	-8.27%	-2.07%	0.36%
CAGR	25.08%	—	3.13%	-4.43%	-0.93%	4.57%	0.93%
LSR	25.08%	—	—	—	—	—	—
Depreciation & Amortization
Avg YoY	22.89%	25.19%	10.06%	16.30%	18.61%	18.61%	18.61%
Slope	20.67%	20.87%	9.28%	8.60%	10.96%	11.82%	11.54%
CAGR	22.47%	24.95%	8.71%	11.02%	—	—	—
LSR	22.47%	23.77%	8.53%	9.38%	—	—	—
Deferred Income Tax
Avg YoY	100.00%	9.69%	-227.53%	-159.62%	-159.62%	-159.62%	-159.62%
Slope	150.00%	49.12%	-1.11%	12.93%	-0.26%	-4.97%	-6.79%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	-8.26%	9.20%	-5.73%	1.69%	0.48%	0.48%	0.48%
Slope	-8.57%	7.51%	-5.85%	-6.80%	0.58%	5.18%	6.93%
CAGR	-8.30%	7.70%	-7.59%	-3.00%	—	—	—
LSR	-8.30%	8.57%	-4.58%	-6.28%	—	—	—
Change in Working Capital
Avg YoY	25.12%	-4.72%	-102.70%	-43.39%	-24.49%	-24.49%	-24.49%
Slope	59.57%	23.21%	-57.39%	-204.38%	-304.22%	-189.72%	-128.35%
CAGR	-91.58%	-70.81%	—	—	—	—	—
LSR	-91.58%	-64.05%	—	—	—	—	—
Accounts Receivable
Avg YoY	204.75%	123.35%	-184.65%	-137.66%	-137.66%	-137.66%	-137.66%
Slope	2,150.00%	110.60%	7.64%	3.35%	-5.64%	-8.41%	-9.18%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Inventory
Avg YoY	-23.41%	-237.09%	-90.09%	113.16%	113.16%	113.16%	113.16%
Slope	51.41%	12.50%	-70.27%	-98.38%	-62.75%	-44.93%	-34.52%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	1,554.71%	789.90%	430.03%	430.03%	430.03%	430.03%	430.03%
Slope	-364.55%	-65.23%	-2.27%	12.39%	14.47%	14.06%	13.10%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Working Capital
Avg YoY	1,931.67%	990.02%	420.52%	349.49%	349.49%	349.49%	349.49%
Slope	-252.27%	-57.89%	-0.12%	-6.00%	4.15%	7.46%	8.51%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-53.01%	-39.19%	51.74%	71.12%	31.31%	20.14%	-60.35%
Slope	-66.45%	-39.38%	5.43%	9.77%	169.17%	57.61%	36.66%
CAGR	-57.67%	-43.86%	-7.92%	—	—	—	—
LSR	-57.67%	-41.58%	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	10.09%	11.78%	2.00%	33.17%	39.09%	121.06%	99.97%
Slope	8.46%	9.49%	-6.88%	-1.82%	0.19%	4.10%	3.63%
CAGR	8.34%	8.51%	-1.58%	0.41%	5.05%	—	-0.71%
LSR	8.34%	9.78%	-6.54%	0.36%	1.40%	—	—
Capital Expenditures (PPE)
Avg YoY	100.00%	37.79%	-1.78%	-4.33%	-16.24%	-23.08%	-26.77%
Slope	131.58%	49.27%	15.39%	7.28%	-0.25%	-4.04%	-4.84%
CAGR	-74.42%	-51.15%	-32.61%	-22.53%	-10.57%	-7.84%	-6.91%
LSR	—	—	—	—	—	—	—
Acquisitions (Net)
Avg YoY	100.00%	-69.01%	-435.61%	-398.32%	-325.90%	-255.21%	-154.34%
Slope	150.00%	22.24%	7.60%	-11.88%	-15.97%	-36.21%	-44.22%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	100.00%	0.00%	117,600.14%	79,872.68%	72,620.62%	53,229.55%	43,427.28%
Slope	142.03%	-171.03%	102.44%	33.72%	11.47%	3.64%	-0.73%
CAGR	-83.48%	—	-43.93%	-34.15%	-4.22%	-8.20%	-2.94%
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	-100.00%	-44.09%	1,883.00%	1,346.15%	1,018.00%	1,291.73%	1,102.09%
Slope	-150.00%	-67.46%	-18.37%	-1.66%	5.47%	7.79%	8.23%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Investing Activities
Avg YoY	-167.13%	-16.38%	-33.16%	124.60%	95.39%	61.47%	55.34%
Slope	-136.42%	-46.21%	-47.74%	-77.15%	-33.82%	-17.58%	-9.77%
CAGR	—	11.65%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	1.60%	-21.11%	-93.24%	-137.99%	-132.23%	-604.92%	-590.26%
Slope	2.15%	-12.27%	11.97%	5.42%	-1.55%	-5.23%	-5.90%
CAGR	-2.07%	8.61%	-11.44%	-10.43%	5.70%	7.56%	22.73%
LSR	-2.07%	14.36%	—	—	—	—	—
Net Debt Issuance
Avg YoY	189.19%	73.10%	125.64%	71.82%	130.41%	102.31%	154.27%
Slope	69.97%	-1.38%	64.90%	-3.05%	3.81%	6.37%	6.93%
CAGR	154.51%	1.85%	—	-2.24%	1.60%	3.65%	5.91%
LSR	154.51%	-1.65%	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	189.19%	73.10%	125.64%	70.75%	129.60%	102.85%	154.71%
Slope	69.97%	-1.38%	64.90%	-5.99%	2.35%	5.51%	6.44%
CAGR	154.51%	1.85%	—	-2.24%	1.60%	3.65%	5.91%
LSR	154.51%	-1.65%	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	—	—	—	100.00%	62.16%	71.62%	71.62%
Slope	—	—	—	32.14%	10.86%	2.30%	-1.74%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	—	—	-100.00%	358.30%	4,319.33%	3,897.39%	1,887.67%
Slope	—	—	-42.42%	-37.00%	-13.26%	-3.64%	1.20%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	—	—	-100.00%	358.30%	1,867.44%	1,867.44%	1,394.06%
Slope	—	—	-42.42%	-37.00%	-13.30%	-3.70%	0.77%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	—	—	—	-9,027.27%	-9,027.27%	-5,984.85%	-2,987.82%
Slope	—	—	—	32.17%	10.54%	2.11%	0.16%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	—	—	—	100.00%	100.00%	100.00%
Slope	—	—	—	—	16.54%	5.77%	0.67%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	0.00%	4.95%	-1.56%	-2.20%	-0.94%	-2.00%	-3.98%
Slope	0.00%	4.66%	-1.13%	-2.24%	2.03%	0.94%	0.81%
CAGR	0.00%	-5.53%	0.68%	0.95%	-1.57%	-0.19%	-0.99%
LSR	0.00%	-4.22%	1.14%	2.41%	-1.45%	-0.77%	-0.54%
Common Dividends Paid
Avg YoY	0.00%	4.95%	-1.56%	-2.21%	-0.69%	-1.80%	-8.89%
Slope	0.00%	4.66%	-1.13%	-1.71%	1.15%	0.65%	0.60%
CAGR	0.00%	-5.53%	0.68%	0.95%	-1.57%	-0.19%	-0.99%
LSR	0.00%	-4.22%	1.14%	1.78%	-0.76%	-0.52%	-0.07%
Preferred Dividends Paid
Avg YoY	—	—	—	—	47.98%	47.98%	47.98%
Slope	—	—	—	—	18.02%	6.71%	1.32%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Financing Activities
Avg YoY	4.65%	-4.01%	1.14%	-31.38%	-72.97%	-47.65%	-26.78%
Slope	4.83%	-4.07%	0.75%	-4.64%	-10.84%	-13.96%	-22.11%
CAGR	-4.81%	3.56%	-2.53%	3.00%	2.58%	—	—
LSR	-4.81%	4.34%	-0.62%	—	—	—	—
Net Cash from Financing Activities
Avg YoY	304.03%	65.64%	46.86%	-41.32%	-62.25%	-87.35%	-46.25%
Slope	409.40%	-60.02%	38.65%	-50.07%	-16.38%	-14.61%	-25.30%
CAGR	—	3.68%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Effect of FX on Cash
Avg YoY	17.64%	-115.86%	-0.90%	-14.29%	-20.00%	-9.81%	-7.13%
Slope	77.60%	-170.22%	42.79%	-54.82%	-39.71%	11.12%	13.47%
CAGR	-49.18%	—	-29.91%	—	—	-13.34%	-12.93%
LSR	-49.18%	—	—	—	—	—	—
Net Change in Cash
Avg YoY	407.17%	153.18%	39.76%	62.65%	102.62%	93.40%	70.70%
Slope	686.50%	-8.97%	53.89%	-456.35%	-63.74%	-40.75%	-22.65%
CAGR	—	4.16%	—	—	3.09%	—	0.70%
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	19.24%	40.13%	-1.76%	9.82%	16.28%	12.25%	23.75%
Slope	16.74%	21.52%	-26.84%	-10.91%	-1.28%	2.65%	3.72%
CAGR	18.87%	14.37%	-18.70%	-4.48%	3.80%	0.70%	6.65%
LSR	18.87%	26.50%	-22.73%	-14.33%	-2.53%	3.08%	4.07%
Cash at End of Period
Avg YoY	40.42%	72.03%	12.74%	11.39%	17.14%	17.07%	14.13%
Slope	33.12%	34.97%	-18.48%	-12.96%	-2.95%	1.84%	2.93%
CAGR	37.04%	61.08%	-9.80%	-4.65%	3.50%	3.88%	2.95%
LSR	37.04%	51.58%	-12.91%	-15.03%	-4.79%	2.49%	2.60%
Operating Cash Flow
Avg YoY	29.72%	26.21%	6.11%	35.81%	41.04%	122.60%	101.24%
Slope	25.73%	22.66%	-8.82%	-2.91%	-0.50%	3.65%	3.28%
CAGR	29.72%	19.25%	-1.58%	0.41%	5.05%	—	-0.71%
LSR	29.72%	25.16%	-8.69%	-1.47%	0.13%	—	—
Capital Expenditure
Avg YoY	20.50%	13.59%	-8.14%	-8.24%	-18.49%	-24.58%	-27.88%
Slope	126.56%	48.00%	15.25%	7.23%	-0.28%	-4.06%	-4.85%
CAGR	-74.42%	-51.15%	-32.61%	-22.53%	-10.57%	-7.84%	-6.91%
LSR	-74.42%	-59.14%	-31.39%	-18.32%	-5.80%	3.38%	4.03%
Free Cash Flow
Avg YoY	481.26%	246.99%	359.58%	77.02%	541.49%	477.78%	292.94%
Slope	74.97%	106.06%	97.81%	469.95%	-5.43%	1.17%	-3.49%
CAGR	265.04%	—	—	—	12.27%	—	0.04%
LSR	265.04%	—	—	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	-5.47%	0.02%	-3.80%	0.34%	25.51%	19.74%	16.14%
Slope	-5.88%	-0.28%	4.12%	6.90%	0.74%	0.88%	-0.37%
CAGR	-5.90%	-0.50%	—	3.03%	2.66%	-0.04%	-1.72%
LSR	-5.90%	-0.32%	—	—	—	—	—
(-) Tax Adjustment
Avg YoY	9.73%	-0.38%	-3.62%	-2.13%	27.92%	26.56%	25.35%
Slope	9.32%	24.43%	12.03%	12.30%	3.27%	2.58%	2.12%
CAGR	9.68%	—	—	9.63%	5.83%	2.59%	1.63%
LSR	9.68%	—	—	—	—	—	—
Change In Working Capital
Avg YoY	25.12%	-4.72%	-102.70%	-43.39%	-24.49%	-24.49%	-24.49%
Slope	59.57%	23.21%	-57.39%	-204.38%	-304.22%	-189.72%	-128.35%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	20.50%	13.59%	-8.14%	-8.24%	-18.49%	-24.58%	-27.88%
Slope	126.56%	48.00%	15.25%	7.23%	-0.28%	-4.06%	-4.85%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	20.84%	7.54%	-672.80%	-477.18%	419.71%	330.62%	277.38%
Slope	1.17%	2.62%	138.13%	71.17%	710.60%	-12.91%	-12.82%
CAGR	1.51%	-2.89%	—	—	4.93%	0.08%	-2.21%
LSR	1.51%	1.45%	—	—	—	—	—
Net Interest After Taxes
Avg YoY	-35.91%	-134.01%	-47.81%	-67.63%	-47.76%	-37.68%	-27.91%
Slope	-30.11%	-48.68%	12.82%	-9.48%	-6.60%	-1.50%	4.91%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	189.19%	73.10%	125.64%	71.82%	130.41%	102.31%	154.27%
Slope	69.97%	-1.38%	64.90%	-3.05%	3.81%	6.37%	6.93%
CAGR	154.51%	1.85%	—	-2.24%	1.60%	3.65%	5.91%
LSR	154.51%	-1.65%	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	65.24%	20.06%	-1.64%	-4,680.02%	-3,410.10%	-2,650.40%	-2,186.45%
Slope	33.28%	1.78%	72.67%	30.89%	7.20%	1.53%	-2.22%
CAGR	49.69%	1.33%	—	4.91%	2.79%	2.20%	0.67%
LSR	49.69%	1.61%	—	—	—	—	—