Masco Corporation (0JZ1.L)

Analysis: Growth Rates Industry: Construction Materials Sector: Basic Materials Live Price: $71.32

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	25.93%	11.54%	15.78%	18.49%	10.39%	9.37%	9.77%
Slope	20.86%	5.15%	9.72%	11.97%	8.84%	6.00%	4.81%
CAGR	24.70%	7.21%	11.03%	14.33%	5.44%	4.98%	5.89%
LSR	24.70%	5.23%	10.71%	15.17%	9.37%	5.37%	4.03%
Market Capitalization
Avg YoY	25.92%	12.05%	16.23%	18.68%	10.60%	9.60%	9.90%
Slope	20.85%	5.51%	9.98%	12.04%	8.87%	6.10%	4.85%
CAGR	24.68%	7.68%	11.08%	14.30%	5.52%	5.06%	5.88%
LSR	24.68%	5.64%	11.02%	15.15%	9.35%	5.47%	4.04%
(-) Cash & Equivalents
Avg YoY	23.59%	-6.64%	6.36%	3.42%	4.40%	20.27%	36.84%
Slope	18.57%	-15.71%	-2.85%	-3.69%	-2.08%	1.56%	3.29%
CAGR	21.90%	-12.87%	-4.31%	-3.71%	-2.37%	8.89%	9.85%
LSR	21.90%	-12.85%	-2.67%	-3.85%	-2.21%	3.64%	6.05%
(+) Total Debt
Avg YoY	-0.55%	7.06%	4.65%	1.89%	1.81%	3.41%	4.58%
Slope	-0.59%	6.27%	5.96%	2.44%	0.97%	1.81%	2.96%
CAGR	-0.59%	6.75%	4.36%	1.61%	1.51%	3.04%	3.76%
LSR	-0.59%	6.75%	6.05%	2.27%	0.83%	1.87%	3.57%
Enterprise Value
Avg YoY	19.59%	11.43%	13.79%	14.05%	7.74%	6.97%	7.50%
Slope	16.68%	6.62%	9.87%	10.86%	7.62%	5.28%	4.46%
CAGR	18.96%	8.78%	10.67%	11.66%	5.12%	4.55%	5.33%
LSR	18.96%	6.92%	10.82%	12.60%	7.56%	4.65%	3.85%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	-4.98%	2.55%	1.35%	0.56%	-2.04%	0.85%	4.23%
Slope	-5.22%	1.09%	1.71%	0.21%	-2.31%	-1.54%	0.68%
CAGR	-5.03%	2.16%	1.02%	0.22%	-2.49%	0.32%	3.45%
LSR	-5.03%	1.21%	1.70%	0.19%	-2.00%	-1.41%	1.40%
Cost of Revenue
Avg YoY	-8.31%	2.86%	0.76%	-0.50%	-2.53%	0.91%	4.61%
Slope	-9.04%	0.78%	1.37%	-1.06%	-3.18%	-1.89%	0.64%
CAGR	-8.49%	2.09%	0.24%	-1.00%	-3.07%	0.23%	3.67%
LSR	-8.49%	0.94%	1.33%	-1.06%	-2.87%	-1.78%	1.55%
Gross Profit
Avg YoY	2.18%	2.45%	2.78%	3.37%	-0.73%	1.03%	3.87%
Slope	2.11%	1.67%	2.36%	3.00%	-0.26%	-0.73%	0.76%
CAGR	2.15%	2.28%	2.57%	3.13%	-1.27%	0.49%	3.09%
LSR	2.15%	1.72%	2.40%	3.16%	0.02%	-0.60%	1.16%
Gross Margin
Avg YoY	7.74%	0.47%	1.71%	3.08%	1.45%	0.38%	-0.15%
Slope	7.15%	0.51%	0.69%	2.77%	2.04%	0.85%	-0.28%
CAGR	7.57%	0.12%	1.53%	2.90%	1.25%	0.17%	-0.35%
LSR	7.57%	0.50%	0.69%	2.96%	2.06%	0.83%	-0.24%
SG&A Expenses
Avg YoY	2.82%	4.98%	2.26%	0.25%	-0.79%	1.50%	3.63%
Slope	2.70%	-0.59%	1.84%	-0.09%	-1.79%	-0.85%	0.68%
CAGR	2.77%	2.56%	1.03%	-0.60%	-1.46%	0.77%	2.70%
LSR	2.77%	-0.22%	1.82%	-0.12%	-1.69%	-0.79%	1.05%
Operating Expenses
Avg YoY	1.87%	3.43%	1.28%	-2.70%	-0.97%	0.60%	3.04%
Slope	1.78%	2.68%	1.60%	-2.40%	-3.13%	-1.56%	0.12%
CAGR	1.82%	3.24%	1.03%	-3.14%	-1.56%	0.02%	2.26%
LSR	1.82%	2.80%	1.60%	-1.99%	-2.92%	-1.54%	0.40%
Operating Income (EBIT)
Avg YoY	2.52%	1.46%	4.91%	-7.33%	-63.69%	-48.58%	-36.40%
Slope	2.47%	0.59%	4.28%	13.48%	5.59%	0.88%	1.40%
CAGR	2.51%	1.29%	4.54%	—	-0.81%	1.07%	4.30%
LSR	2.51%	0.61%	4.48%	—	—	—	—
Operating Margin
Avg YoY	8.07%	-0.42%	4.05%	-6.82%	-63.25%	-50.62%	-41.41%
Slope	7.52%	-0.63%	2.60%	13.13%	8.45%	2.83%	0.17%
CAGR	7.95%	-0.85%	3.48%	—	1.73%	0.74%	0.82%
LSR	7.95%	-0.60%	2.74%	—	—	—	—
Interest Income
Avg YoY	125.00%	70.83%	35.37%	71.21%	71.21%	71.21%	71.21%
Slope	-27.27%	6.67%	-1.65%	2.26%	8.79%	10.43%	10.57%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Interest Expense
Avg YoY	-4.23%	5.86%	-0.53%	-1.09%	-0.98%	-0.98%	-0.98%
Slope	-4.31%	-17.82%	-8.48%	-5.28%	-0.09%	4.75%	6.63%
CAGR	-4.26%	-8.94%	-8.72%	-6.43%	—	—	—
LSR	-4.26%	-15.75%	-9.17%	-6.15%	—	—	—
Net Interest Income
Avg YoY	-3.21%	7.07%	0.05%	-0.79%	-0.76%	-0.76%	-0.76%
Slope	3.48%	18.33%	8.61%	5.40%	0.20%	-4.68%	-6.59%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Income / Expense
Avg YoY	21.99%	47.75%	17.51%	9.95%	16.92%	29.29%	75.28%
Slope	-19.01%	19.71%	3.46%	2.86%	0.31%	-0.94%	-3.53%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unusual Items
Avg YoY	21.99%	47.75%	17.51%	9.95%	16.92%	29.29%	75.28%
Slope	19.01%	-19.71%	-3.46%	-2.86%	-0.31%	0.94%	3.53%
CAGR	19.72%	-0.33%	-4.30%	-4.39%	2.80%	2.58%	6.34%
LSR	19.72%	-14.75%	-5.66%	-4.29%	-0.67%	1.67%	—
EBT excl. Unusual
Avg YoY	-5.85%	-142.50%	-47.27%	14.25%	-11.96%	-25.51%	-17.09%
Slope	-6.42%	20.70%	11.32%	63.36%	25.25%	2.59%	-0.87%
CAGR	-6.47%	1.01%	15.13%	—	-1.88%	0.68%	3.68%
LSR	-6.47%	—	—	—	—	—	—
Pre-Tax Income
Avg YoY	-1.22%	7.95%	9.54%	65.96%	59.55%	55.99%	50.01%
Slope	-1.34%	5.64%	5.16%	18.61%	7.85%	1.65%	1.29%
CAGR	-1.35%	0.66%	5.97%	—	-1.02%	1.10%	4.20%
LSR	-1.35%	6.61%	5.20%	—	—	—	—
Pre-Tax Margin
Avg YoY	4.25%	7.01%	8.97%	63.09%	59.04%	52.45%	43.73%
Slope	3.70%	4.05%	3.47%	18.23%	11.26%	3.99%	-0.25%
CAGR	3.88%	-1.47%	4.89%	—	1.50%	0.77%	0.73%
LSR	3.88%	5.33%	3.45%	—	—	—	—
Income Tax Expense
Avg YoY	-0.12%	3.74%	1.39%	-66.64%	-90.99%	-62.79%	-49.24%
Slope	-0.18%	3.90%	-0.59%	10.70%	0.50%	-2.01%	-1.19%
CAGR	-0.17%	1.63%	-0.23%	1.75%	-3.06%	-0.21%	2.22%
LSR	-0.17%	4.19%	-0.55%	—	—	—	—
Net Income
Avg YoY	-1.07%	9.64%	21.69%	-8.01%	1.80%	9.07%	4.43%
Slope	-1.40%	-3.61%	7.14%	24.52%	12.94%	4.02%	3.94%
CAGR	-1.43%	-9.47%	9.78%	—	-0.70%	1.38%	—
LSR	-1.43%	0.04%	8.19%	—	—	—	—
Net Margin
Avg YoY	4.54%	9.44%	21.57%	-7.53%	2.64%	6.73%	-0.24%
Slope	3.58%	-6.10%	5.52%	24.42%	16.47%	6.56%	4.32%
CAGR	3.80%	-11.38%	8.67%	—	1.83%	1.05%	—
LSR	3.80%	-1.16%	6.38%	—	—	—	—
Depreciation & Amortization
Avg YoY	1.71%	3.25%	1.88%	-3.65%	-1.88%	-1.30%	2.68%
Slope	1.69%	2.20%	1.29%	-4.42%	-3.91%	-2.93%	-0.65%
CAGR	1.71%	3.05%	1.35%	-4.34%	-2.46%	-1.91%	1.77%
LSR	1.71%	2.30%	1.35%	-3.75%	-3.76%	-3.01%	-0.40%
EBITDA
Avg YoY	2.44%	1.63%	4.46%	69.49%	36.99%	30.81%	29.25%
Slope	2.39%	0.75%	3.96%	10.52%	3.84%	0.20%	1.04%
CAGR	2.43%	1.46%	4.18%	—	-1.00%	0.65%	3.95%
LSR	2.43%	0.77%	4.13%	—	—	—	—
EBITDA Margin
Avg YoY	7.98%	-0.27%	3.66%	66.91%	36.85%	28.33%	23.87%
Slope	7.44%	-0.46%	2.27%	10.20%	6.54%	2.02%	-0.16%
CAGR	7.86%	-0.68%	3.12%	—	1.53%	0.33%	0.48%
LSR	7.86%	-0.44%	2.39%	—	—	—	—
NOPAT
Avg YoY	2.52%	1.46%	4.91%	-7.33%	-63.69%	-48.58%	-36.40%
Slope	2.47%	0.59%	4.28%	13.48%	5.59%	0.88%	1.40%
CAGR	2.51%	1.29%	4.54%	—	-0.81%	1.07%	4.30%
LSR	2.51%	0.61%	4.48%	—	—	—	—
NOPAT Margin
Avg YoY	8.07%	-0.42%	4.05%	-6.82%	-63.25%	-50.62%	-41.41%
Slope	7.52%	-0.63%	2.60%	13.13%	8.45%	2.83%	0.17%
CAGR	7.95%	-0.85%	3.48%	—	1.73%	0.74%	0.82%
LSR	7.95%	-0.60%	2.74%	—	—	—	—
Owner's Earnings
Avg YoY	2.45%	4.38%	20.40%	-121.56%	-24.16%	-11.69%	-36.52%
Slope	2.33%	-6.10%	7.35%	21.29%	11.82%	4.31%	7.71%
CAGR	2.38%	-10.32%	10.40%	—	-0.59%	2.52%	—
LSR	2.38%	-2.33%	8.71%	—	—	—	—
Owner's Earnings Margin
Avg YoY	8.08%	4.40%	20.35%	-115.28%	-17.64%	-9.52%	-31.11%
Slope	7.34%	-8.67%	5.76%	21.27%	14.86%	6.73%	11.80%
CAGR	7.81%	-12.21%	9.28%	—	1.95%	2.19%	—
LSR	7.81%	-3.50%	6.90%	—	—	—	—
EPS (Basic)
Avg YoY	1.81%	15.43%	28.86%	-2.98%	5.95%	13.23%	6.63%
Slope	1.42%	1.28%	11.53%	24.43%	15.92%	8.74%	7.62%
CAGR	1.47%	-5.56%	15.26%	—	2.81%	4.40%	—
LSR	1.47%	4.54%	13.88%	—	—	—	—
EPS (Diluted)
Avg YoY	1.80%	15.75%	28.42%	-3.44%	5.56%	13.11%	6.44%
Slope	1.40%	1.77%	11.81%	24.68%	16.08%	8.89%	7.71%
CAGR	1.45%	-5.14%	15.31%	—	2.89%	4.48%	—
LSR	1.45%	4.94%	14.19%	—	—	—	—
Shares (Basic)
Avg YoY	-2.85%	-4.13%	-4.72%	-3.25%	-3.37%	-2.72%	-0.98%
Slope	-2.89%	-4.42%	-5.09%	-3.62%	-2.93%	-3.25%	-2.07%
CAGR	-2.85%	-4.14%	-4.76%	-3.30%	-3.42%	-2.90%	-1.30%
LSR	-2.85%	-4.30%	-4.99%	-3.70%	-3.02%	-3.24%	-2.15%
Shares (Diluted)
Avg YoY	-2.84%	-4.54%	-4.78%	-3.23%	-3.45%	-2.74%	-0.92%
Slope	-2.88%	-4.82%	-5.34%	-3.58%	-2.91%	-3.36%	-2.09%
CAGR	-2.84%	-4.56%	-4.80%	-3.27%	-3.49%	-2.97%	-1.29%
LSR	-2.84%	-4.67%	-5.25%	-3.69%	-3.00%	-3.32%	-2.17%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	23.59%	-6.64%	6.36%	3.42%	4.40%	20.27%	36.84%
Slope	18.57%	-15.71%	-2.85%	-3.69%	-2.08%	1.56%	3.29%
CAGR	21.90%	-12.87%	-4.31%	-3.71%	-2.37%	8.89%	9.85%
LSR	21.90%	-12.85%	-2.67%	-3.85%	-2.21%	3.64%	6.05%
Short-Term Investments
Avg YoY	—	—	-53.50%	-36.30%	-36.30%	-36.30%	-36.30%
Slope	—	—	-45.23%	-12.89%	0.28%	4.99%	6.80%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Cash & Short-Term Investments
Avg YoY	23.59%	-6.64%	4.84%	3.52%	4.48%	20.33%	36.89%
Slope	18.57%	-15.71%	-4.98%	-4.26%	-1.97%	1.71%	3.43%
CAGR	21.90%	-12.87%	-5.96%	-3.71%	-2.37%	8.89%	9.85%
LSR	21.90%	-12.85%	-4.50%	-4.54%	-2.20%	3.83%	6.26%
Net Receivables
Avg YoY	-2.31%	2.44%	7.73%	5.02%	1.56%	3.62%	5.27%
Slope	-2.34%	2.11%	7.42%	5.73%	2.20%	1.92%	2.78%
CAGR	-2.31%	2.33%	7.32%	4.52%	0.89%	2.80%	4.34%
LSR	-2.31%	2.20%	8.11%	5.76%	2.05%	1.83%	3.09%
Inventory
Avg YoY	-10.20%	8.89%	10.39%	6.50%	3.89%	4.41%	5.59%
Slope	-11.09%	3.60%	9.98%	7.06%	3.61%	3.35%	3.70%
CAGR	-10.34%	6.59%	8.74%	5.23%	2.62%	3.18%	4.40%
LSR	-10.34%	4.52%	11.08%	6.91%	3.16%	3.06%	3.73%
Other Current Assets
Avg YoY	-47.26%	-47.26%	-60.15%	48.66%	48.66%	32.14%	22.91%
Slope	-71.56%	26.15%	4.29%	2.80%	9.09%	8.50%	3.89%
CAGR	-86.06%	—	—	—	—	-13.30%	-10.48%
LSR	-86.06%	—	—	—	—	—	—
Total Current Assets
Avg YoY	-3.10%	-1.42%	3.40%	2.25%	1.07%	4.78%	6.16%
Slope	-3.16%	-1.62%	4.38%	2.49%	1.24%	2.38%	3.29%
CAGR	-3.14%	-1.49%	2.49%	1.59%	0.34%	3.59%	4.84%
LSR	-3.14%	-1.62%	4.55%	2.41%	1.18%	2.73%	3.97%
Property, Plant & Equipment
Avg YoY	7.49%	11.25%	8.60%	2.13%	1.63%	2.20%	3.68%
Slope	6.81%	11.53%	8.26%	2.68%	-0.80%	-0.08%	1.06%
CAGR	7.23%	10.89%	8.26%	1.52%	1.04%	1.58%	2.90%
LSR	7.23%	12.54%	8.44%	2.44%	-0.81%	-0.16%	1.18%
Goodwill
Avg YoY	8.72%	6.46%	2.77%	-3.65%	-4.67%	-4.67%	-4.67%
Slope	8.00%	6.58%	0.04%	-8.52%	-7.41%	0.07%	3.39%
CAGR	8.52%	6.33%	1.15%	-6.35%	—	—	—
LSR	8.52%	6.78%	0.04%	-7.46%	—	—	—
Intangible Assets
Avg YoY	-14.60%	-4.32%	16.83%	7.88%	1.03%	4.39%	9.83%
Slope	-18.08%	-4.05%	10.61%	9.05%	-7.28%	-10.89%	-5.81%
CAGR	-18.40%	-7.16%	8.83%	1.91%	-11.58%	-6.35%	-0.24%
LSR	-18.40%	-5.05%	13.82%	9.61%	-0.02%	-7.72%	-5.25%
Long-Term Investments
Avg YoY	-100.00%	-62.68%	147.00%	93.49%	93.49%	93.49%	93.49%
Slope	-150.00%	-81.67%	-3.52%	-6.37%	3.95%	7.33%	8.43%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Tax Assets
Avg YoY	-100.00%	-43.70%	-7.02%	-10.15%	-10.15%	-10.15%	-10.15%
Slope	-150.00%	-58.58%	-14.37%	0.83%	7.99%	9.91%	10.22%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Assets
Avg YoY	172.78%	92.64%	112.61%	-2.77%	-5.90%	-5.95%	-6.09%
Slope	48.98%	45.11%	6.23%	34.25%	-10.31%	-11.66%	-10.01%
CAGR	104.18%	51.39%	8.13%	-2.74%	-6.06%	-6.73%	-7.33%
LSR	104.18%	62.85%	5.78%	—	—	—	—
Total Non-Current Assets
Avg YoY	4.47%	5.13%	5.10%	-0.08%	-1.26%	0.69%	2.00%
Slope	3.75%	6.25%	5.38%	-0.64%	-4.47%	-3.08%	-0.91%
CAGR	3.95%	4.76%	4.71%	-1.77%	-2.62%	-0.59%	0.58%
LSR	3.95%	6.49%	5.53%	-0.37%	-3.88%	-3.01%	-0.76%
Total Assets
Avg YoY	0.16%	1.29%	3.87%	0.57%	-0.65%	1.85%	2.99%
Slope	-0.01%	1.80%	4.82%	1.03%	-1.74%	-0.65%	0.92%
CAGR	-0.01%	1.19%	3.47%	-0.19%	-1.27%	1.11%	2.21%
LSR	-0.01%	1.82%	4.99%	1.02%	-1.56%	-0.55%	1.27%
Accounts Payable
Avg YoY	-2.37%	2.28%	6.63%	6.47%	4.32%	9.87%	9.57%
Slope	-2.40%	-0.02%	6.70%	5.24%	4.48%	5.22%	6.05%
CAGR	-2.38%	1.59%	5.65%	5.40%	3.29%	8.11%	7.94%
LSR	-2.38%	0.13%	7.10%	5.30%	4.42%	6.24%	8.02%
Short-Term Debt
Avg YoY	-47.65%	568.30%	887.74%	1,240.02%	929.02%	778.89%	676.72%
Slope	-143.30%	-1.14%	-33.31%	-14.26%	-11.31%	-4.39%	-0.55%
CAGR	-87.55%	4.78%	-44.94%	-17.10%	-22.94%	-13.67%	-5.93%
LSR	-87.55%	-7.00%	-19.92%	-21.86%	-20.86%	-14.03%	-6.96%
Tax Payables
Avg YoY	-29.19%	15.80%	17.31%	17.76%	17.76%	17.76%	17.76%
Slope	-40.71%	1.72%	11.72%	8.56%	12.32%	12.69%	12.14%
CAGR	-31.92%	1.34%	6.37%	—	—	—	—
LSR	-31.92%	2.14%	12.34%	—	—	—	—
Deferred Revenue
Avg YoY	-10.54%	-2.23%	13.68%	13.68%	13.68%	13.68%	13.68%
Slope	-12.91%	-5.41%	18.03%	21.36%	19.51%	17.28%	15.33%
CAGR	-11.60%	-3.28%	—	—	—	—	—
LSR	-11.60%	-5.45%	—	—	—	—	—
Other Current Liabilities
Avg YoY	18.95%	-7.84%	59.93%	80.77%	80.77%	56.67%	44.80%
Slope	14.80%	-14.95%	2.37%	5.03%	10.34%	4.80%	-3.20%
CAGR	17.13%	-14.95%	11.02%	—	—	-5.39%	-3.20%
LSR	17.13%	-10.44%	8.30%	—	—	—	—
Total Current Liabilities
Avg YoY	-10.84%	0.06%	1.17%	13.62%	9.51%	13.81%	13.71%
Slope	-12.19%	-1.53%	2.70%	2.81%	2.05%	3.48%	3.71%
CAGR	-11.19%	-0.73%	-2.38%	5.97%	0.55%	2.49%	3.96%
LSR	-11.19%	-1.57%	3.28%	3.41%	2.57%	4.42%	4.30%
Long-Term Debt
Avg YoY	2.91%	6.25%	7.74%	1.79%	2.73%	3.56%	4.82%
Slope	2.87%	5.71%	6.23%	2.46%	1.30%	1.84%	2.95%
CAGR	2.91%	6.19%	7.44%	1.09%	2.07%	2.96%	3.51%
LSR	2.91%	6.02%	6.61%	2.38%	1.20%	1.87%	3.53%
Capital Lease Obligations
Avg YoY	5.13%	23.02%	83.96%	83.96%	83.96%	83.96%	83.96%
Slope	5.01%	18.67%	33.71%	28.29%	23.40%	19.77%	17.06%
CAGR	5.12%	21.12%	—	—	—	—	—
LSR	5.12%	22.67%	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	—	—	—	-46.81%	-19.65%	1.87%	3.98%
Slope	—	—	—	-30.46%	-16.56%	-7.83%	-3.08%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	3.25%	-3.50%	-4.23%	1,366.21%	1,366.21%	1,253.43%	993.45%
Slope	3.15%	-4.50%	-5.79%	5.51%	10.61%	11.48%	11.31%
CAGR	3.23%	-3.85%	-4.45%	—	—	—	—
LSR	3.23%	-4.28%	-5.71%	—	—	—	—
Total Non-Current Liabilities
Avg YoY	3.10%	5.80%	6.44%	1.32%	2.48%	4.01%	5.03%
Slope	3.05%	5.42%	5.47%	1.74%	0.97%	2.00%	3.22%
CAGR	3.10%	5.76%	6.26%	0.79%	1.97%	3.46%	3.96%
LSR	3.10%	5.67%	5.69%	1.68%	0.91%	2.19%	4.03%
Total Liabilities
Avg YoY	-0.44%	4.34%	3.93%	1.77%	1.81%	3.73%	4.69%
Slope	-0.47%	3.75%	4.80%	1.99%	1.22%	2.32%	3.33%
CAGR	-0.47%	4.22%	3.74%	1.60%	1.64%	3.24%	3.96%
LSR	-0.47%	3.93%	4.89%	1.88%	1.12%	2.58%	4.03%
Preferred Stock
Avg YoY	—	—	—	—	—	-51.46%	-51.46%
Slope	—	—	—	—	—	-20.21%	-10.69%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock
Avg YoY	-0.09%	-0.23%	0.01%	-0.23%	-0.03%	0.05%	0.00%
Slope	-0.09%	-0.01%	0.06%	-0.24%	-0.10%	0.23%	2.80%
CAGR	-0.09%	-0.24%	0.00%	-0.23%	-0.03%	-0.07%	—
LSR	-0.09%	-0.01%	0.06%	-0.24%	-0.10%	0.25%	—
Retained Earnings
Avg YoY	-7.70%	-231.58%	-112.88%	-73.33%	-60.27%	-44.70%	-35.94%
Slope	13.92%	-28.60%	-17.71%	-36.10%	-50.29%	-22.65%	-13.61%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accumulated OCI
Avg YoY	-1.80%	-67.51%	-17.22%	-21.39%	-1.44%	-11.85%	5.70%
Slope	-2.82%	45.69%	226.52%	30.30%	-8.85%	-1.12%	2.94%
CAGR	-2.93%	—	—	1.15%	5.49%	—	—
LSR	-2.93%	—	—	—	—	—	—
Minority Interest
Avg YoY	0.59%	5.24%	8.19%	5.34%	6.17%	6.17%	6.17%
Slope	0.51%	4.07%	7.88%	5.07%	8.06%	9.96%	10.25%
CAGR	0.52%	4.90%	6.95%	4.40%	—	—	—
LSR	0.52%	4.37%	8.34%	4.87%	—	—	—
Total Shareholders’ Equity
Avg YoY	27.70%	14.66%	17.48%	6.35%	0.16%	3.38%	4.37%
Slope	32.44%	-49.12%	-13.68%	-114.12%	-25.55%	-14.36%	-8.70%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Equity
Avg YoY	-146.65%	-207.92%	-285.24%	-189.11%	-143.38%	-110.25%	-89.68%
Slope	155.22%	-163.01%	-17.14%	-24.20%	-19.22%	-11.39%	-6.82%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Liabilities & Equity
Avg YoY	1.77%	1.69%	3.91%	0.37%	-0.88%	1.90%	3.11%
Slope	1.67%	1.95%	4.60%	0.55%	-2.10%	-0.50%	1.01%
CAGR	1.71%	1.66%	3.48%	-0.20%	-1.37%	1.06%	2.15%
LSR	1.71%	1.97%	4.74%	0.53%	-1.91%	-0.34%	1.40%
Tangible Assets
Avg YoY	0.33%	1.14%	4.02%	2.34%	0.95%	2.71%	2.84%
Slope	0.23%	1.62%	5.15%	2.76%	0.39%	0.97%	1.60%
CAGR	0.23%	1.09%	3.62%	1.39%	0.16%	1.74%	1.90%
LSR	0.23%	1.64%	5.36%	2.73%	0.37%	1.02%	1.72%
Tangible Equity
Avg YoY	-9.31%	26.88%	10.69%	6.62%	5.81%	24.69%	17.97%
Slope	11.34%	-12.39%	-4.21%	-0.55%	-6.59%	-7.05%	-15.07%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Tangible Book Value
Avg YoY	-9.31%	26.88%	10.69%	6.62%	5.81%	24.69%	17.97%
Slope	11.34%	-12.39%	-4.21%	-0.55%	-6.59%	-7.05%	-15.07%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Investments
Avg YoY	-100.00%	-62.68%	138.84%	118.01%	118.01%	118.01%	118.01%
Slope	-150.00%	-81.67%	-28.68%	-10.38%	1.69%	5.89%	7.42%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt
Avg YoY	-4.40%	20.10%	9.59%	4.89%	4.05%	3.08%	5.65%
Slope	-4.94%	13.17%	7.72%	4.04%	1.57%	1.34%	2.47%
CAGR	-4.70%	17.39%	7.13%	3.17%	2.61%	1.87%	2.73%
LSR	-4.70%	16.39%	7.81%	3.65%	1.27%	1.11%	2.91%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	8.38%	-1.46%	13.58%	5.41%	4.71%	7.00%	8.34%
Slope	7.85%	-3.48%	4.97%	1.88%	0.40%	1.38%	2.24%
CAGR	8.29%	-2.41%	9.25%	-0.42%	0.16%	2.85%	4.19%
LSR	8.29%	-3.30%	6.00%	2.10%	0.36%	1.52%	2.59%
Total Capital
Avg YoY	2.54%	2.83%	4.39%	-0.28%	-1.91%	0.38%	1.80%
Slope	2.31%	3.62%	5.52%	-0.06%	-4.00%	-2.73%	-0.79%
CAGR	2.39%	2.71%	3.78%	-1.13%	-2.65%	-0.40%	0.94%
LSR	2.39%	3.70%	5.68%	0.02%	-3.46%	-2.65%	-0.67%
Capital Employed
Avg YoY	5.70%	2.26%	6.41%	-0.17%	-0.93%	1.21%	2.42%
Slope	5.08%	2.78%	5.23%	-0.10%	-3.09%	-1.87%	-0.06%
CAGR	5.36%	2.04%	6.04%	-1.34%	-1.84%	0.28%	1.43%
LSR	5.36%	2.79%	5.55%	0.04%	-2.76%	-1.80%	0.17%
Invested Capital
Avg YoY	-1.48%	11.50%	8.76%	1.50%	-1.18%	0.07%	1.64%
Slope	-1.53%	10.27%	8.89%	1.51%	-4.66%	-3.90%	-1.80%
CAGR	-1.53%	10.61%	7.92%	-0.20%	-2.72%	-1.29%	0.16%
LSR	-1.53%	11.63%	9.42%	1.43%	-3.85%	-3.79%	-1.85%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	2.70%	8.85%	14.56%	83.89%	19.77%	24.36%	27.23%
Slope	1.60%	0.50%	5.47%	19.27%	14.20%	8.89%	7.98%
CAGR	1.70%	-6.13%	6.87%	—	2.89%	4.48%	—
LSR	1.70%	3.01%	5.75%	—	—	—	—
Depreciation & Amortization
Avg YoY	4.69%	8.17%	6.92%	-0.28%	1.75%	1.96%	4.10%
Slope	4.57%	6.83%	6.58%	-0.32%	-0.80%	0.30%	1.52%
CAGR	4.68%	7.98%	6.46%	-1.10%	1.06%	1.09%	3.10%
LSR	4.68%	7.31%	6.97%	-0.07%	-0.79%	0.32%	1.81%
Deferred Income Tax
Avg YoY	571.32%	214.66%	95.42%	-6.65%	-16.85%	-23.81%	-13.58%
Slope	578.40%	184.17%	-48.22%	-11.08%	16.97%	-7.30%	-6.55%
CAGR	—	—	-16.12%	-9.04%	-1.62%	5.70%	2.82%
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	-100.00%	-52.47%	-12.04%	-10.24%	-9.93%	-9.93%	-9.93%
Slope	0.00%	-40.57%	-4.57%	-5.28%	0.57%	5.17%	6.93%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Change in Working Capital
Avg YoY	19.95%	-79.89%	-15.32%	100.68%	64.07%	71.34%	50.29%
Slope	134.67%	2.33%	-6.11%	-27.75%	-250.57%	-20,975.46%	-16.82%
CAGR	-29.73%	—	50.07%	—	—	—	6.56%
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	95.80%	79.63%	4.64%	-4.55%	-4.55%	-4.55%	-4.55%
Slope	-299.03%	68.14%	17.09%	-0.19%	-7.62%	-9.68%	-10.06%
CAGR	65.96%	-24.01%	-5.80%	—	—	—	—
LSR	—	—	—	—	—	—	—
Inventory
Avg YoY	279.01%	82.77%	41.28%	-178.83%	-128.69%	-102.53%	-135.21%
Slope	35.35%	180.73%	20.50%	4.38%	-30.99%	-10.64%	-3.25%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	-51.93%	-51.93%	-24.89%	-24.89%	-24.89%	-24.89%	-24.89%
Slope	51.74%	-32.75%	-186.60%	-95.86%	-61.34%	-44.03%	-33.90%
CAGR	-33.12%	—	—	—	—	—	—
LSR	-33.12%	—	—	—	—	—	—
Other Working Capital
Avg YoY	-100.00%	-76.71%	133.10%	67.20%	61.23%	251.40%	137.16%
Slope	-68.36%	-76.05%	21.86%	6.77%	2.10%	6.30%	10.54%
CAGR	-38.85%	-61.58%	—	-16.17%	-8.67%	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	206.78%	132.15%	44.42%	-483.10%	-324.87%	-244.45%	-1,355.21%
Slope	30.26%	174.26%	74.11%	-125.08%	-25.22%	-13.57%	-5.76%
CAGR	25.43%	—	—	-6.75%	6.95%	4.44%	31.64%
LSR	25.43%	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	25.60%	12.89%	13.27%	16.35%	8.31%	9.76%	10.06%
Slope	13.07%	11.64%	10.77%	11.48%	4.61%	3.22%	3.99%
CAGR	16.44%	7.99%	10.19%	9.76%	2.29%	4.71%	5.60%
LSR	16.44%	12.05%	11.41%	13.75%	4.50%	2.79%	4.05%
Capital Expenditures (PPE)
Avg YoY	8.65%	-22.53%	-10.48%	-8.39%	-4.85%	-3.42%	-8.57%
Slope	10.60%	-16.48%	-7.19%	-6.81%	-1.76%	-0.67%	1.90%
CAGR	-10.86%	15.45%	5.76%	4.90%	0.83%	-0.47%	1.36%
LSR	-10.86%	20.87%	6.82%	6.61%	1.64%	0.48%	-1.32%
Acquisitions (Net)
Avg YoY	-6,939.94%	-3,471.57%	-1,636.77%	-1,282.09%	-948.37%	-728.86%	-728.86%
Slope	667.20%	-101.17%	2.74%	14.43%	12.76%	313.83%	214.50%
CAGR	—	-33.08%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	—	—	73.65%	-16.44%	-66.71%	-47.33%	-47.33%
Slope	—	—	65.38%	14.10%	13.29%	9.18%	3.03%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	2.65%	1,450.29%	652.90%	490.89%	397.18%	330.99%	330.99%
Slope	-49.13%	-49.25%	-27.77%	-9.65%	-8.92%	-5.28%	-0.33%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Investing Activities
Avg YoY	27.11%	-87.46%	-137.32%	-161.13%	-285.86%	3,826.24%	3,242.62%
Slope	30.68%	-22.91%	26.60%	10.48%	-3.71%	-23.25%	-36.63%
CAGR	-27.22%	48.19%	-14.31%	-5.46%	—	-12.41%	—
LSR	-27.22%	48.36%	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	5.77%	-516.12%	-483.96%	-325.97%	-293.09%	-219.05%	-176.01%
Slope	34.93%	-307.23%	-15.01%	-4.36%	-0.54%	9.76%	5.62%
CAGR	-45.28%	—	-6.70%	-0.36%	—	-8.65%	-1.40%
LSR	-45.28%	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	-56.13%	263.19%	58.31%	733.73%	572.77%	596.93%	482.60%
Slope	-1,226.76%	-148.15%	25.26%	12.10%	4.38%	-26.05%	-87.25%
CAGR	—	—	—	—	—	—	-8.20%
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	-56.13%	1,678.87%	729.97%	-207.66%	156.09%	267.06%	209.60%
Slope	-1,226.76%	-791.20%	8.77%	2.59%	-95.31%	-32.77%	-16.83%
CAGR	—	—	—	6.42%	—	—	—
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	—	-100.00%	-225.46%	-218.68%	-269.86%	-269.86%	-269.86%
Slope	—	-50.00%	555.33%	29.44%	19.36%	7.57%	1.92%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	-18.07%	-20.21%	-21.39%	-70.84%	-59.37%	-43.77%	-46.77%
Slope	15.18%	6.15%	-8.65%	-15.99%	-7.59%	-7.24%	-8.03%
CAGR	-11.70%	2.74%	8.75%	25.41%	1.73%	11.42%	—
LSR	-11.70%	-7.18%	9.89%	36.67%	13.45%	—	—
Common Stock Issuance
Avg YoY	-100.00%	-100.00%	-82.78%	-35.47%	-17.27%	-25.93%	-25.93%
Slope	146.46%	98.82%	51.77%	35.88%	4.11%	-11.45%	-4.61%
CAGR	814.82%	—	58.04%	—	8.49%	0.18%	—
LSR	—	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-29.60%	-26.00%	-24.68%	-71.33%	-59.87%	-65.50%	-71.44%
Slope	8.57%	3.72%	-9.79%	-16.49%	-7.55%	-6.13%	-7.29%
CAGR	-6.70%	5.64%	11.03%	26.41%	2.14%	7.73%	—
LSR	-6.70%	-5.10%	11.37%	37.17%	13.42%	7.60%	—
Preferred Stock Issuance
Avg YoY	—	—	-3.83%	-3.83%	-3.83%	-3.83%	-3.83%
Slope	—	—	55.35%	11.07%	-1.30%	-5.64%	-7.25%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	-2.12%	-22.40%	-14.57%	-9.86%	-4.22%	-5.64%	-5.88%
Slope	-2.10%	-15.81%	-15.07%	-10.93%	-1.89%	-1.74%	-2.33%
CAGR	2.12%	20.55%	13.55%	8.88%	2.05%	3.71%	4.07%
LSR	2.12%	19.69%	16.31%	10.51%	1.54%	1.19%	1.96%
Common Dividends Paid
Avg YoY	-2.12%	-22.40%	-14.57%	-10.71%	-4.45%	-5.83%	-6.04%
Slope	-2.10%	-15.81%	-15.07%	-11.44%	-2.06%	-1.79%	-2.35%
CAGR	2.12%	20.55%	13.55%	9.90%	2.05%	3.71%	4.07%
LSR	2.12%	19.69%	16.31%	11.24%	1.79%	1.25%	1.95%
Preferred Dividends Paid
Avg YoY	—	—	—	—	100.00%	100.00%	100.00%
Slope	—	—	—	—	16.54%	5.77%	0.67%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Financing Activities
Avg YoY	-20.13%	-178.30%	-163.69%	-111.18%	-131.21%	-128.09%	-6,935.14%
Slope	5.68%	5.87%	-8.52%	-11.74%	-12.59%	-13.86%	-8.83%
CAGR	-4.62%	34.36%	—	18.35%	—	—	—
LSR	-4.62%	8.01%	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-1.66%	-11.57%	-28.89%	-61.24%	-40.97%	-27.01%	-12.17%
Slope	0.23%	-2.44%	-9.05%	-12.85%	-5.71%	-6.84%	-7.39%
CAGR	-0.21%	8.06%	16.01%	30.13%	4.29%	—	8.01%
LSR	-0.21%	3.11%	12.16%	21.60%	7.96%	—	—
Effect of FX on Cash
Avg YoY	-51.69%	-67.15%	20.80%	-78.53%	-38.34%	-40.03%	-33.25%
Slope	70.33%	-202.39%	-78.31%	23.27%	-0.72%	-37.79%	17.94%
CAGR	-31.38%	—	—	-0.67%	6.21%	—	-9.01%
LSR	—	—	—	—	—	—	—
Net Change in Cash
Avg YoY	19.71%	-38.92%	-66.06%	-73.42%	-1,010.02%	-762.32%	-641.90%
Slope	247.59%	-263.59%	8.03%	-26.45%	-27.95%	-231.58%	0.15%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-2.57%	17.63%	6.78%	5.40%	7.68%	22.89%	36.63%
Slope	-18.51%	-8.25%	-3.24%	-2.70%	-1.40%	2.48%	4.13%
CAGR	-14.84%	2.33%	-3.68%	-2.37%	-0.20%	7.49%	11.78%
LSR	-14.84%	-7.57%	-3.67%	-3.07%	-1.57%	5.43%	8.26%
Cash at End of Period
Avg YoY	23.59%	-6.64%	6.36%	3.42%	4.40%	20.27%	12.16%
Slope	18.57%	-15.71%	-2.85%	-3.69%	-2.08%	1.56%	4.27%
CAGR	21.90%	-12.87%	-4.31%	-3.71%	-2.37%	8.89%	—
LSR	21.90%	-12.85%	-2.67%	-3.85%	-2.21%	3.64%	—
Operating Cash Flow
Avg YoY	25.60%	12.89%	13.27%	16.35%	8.31%	9.76%	10.06%
Slope	13.07%	11.64%	10.77%	11.48%	4.61%	3.22%	3.99%
CAGR	16.44%	7.99%	10.19%	9.76%	2.29%	4.71%	5.60%
LSR	16.44%	12.05%	11.41%	13.75%	4.50%	2.79%	4.05%
Capital Expenditure
Avg YoY	8.65%	-22.53%	-10.48%	-8.39%	-4.85%	-3.42%	-8.57%
Slope	10.60%	-16.48%	-7.19%	-6.81%	-1.76%	-0.67%	1.90%
CAGR	-10.86%	15.45%	5.76%	4.90%	0.83%	-0.47%	1.36%
LSR	-10.86%	20.87%	6.82%	6.61%	1.64%	0.48%	-1.32%
Free Cash Flow
Avg YoY	37.49%	14.65%	15.87%	27.15%	16.36%	19.01%	-10.58%
Slope	18.62%	10.65%	11.60%	12.68%	5.37%	3.94%	6.40%
CAGR	24.89%	6.84%	11.25%	11.18%	2.61%	7.29%	7.61%
LSR	24.89%	10.65%	12.47%	17.07%	5.56%	3.68%	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	4.50%	8.26%	10.80%	13.64%	5.30%	5.74%	7.62%
Slope	4.37%	8.85%	8.19%	9.38%	4.87%	3.09%	3.36%
CAGR	4.49%	6.97%	9.43%	11.56%	2.35%	3.00%	4.69%
LSR	4.49%	9.41%	8.69%	11.26%	5.13%	2.84%	3.26%
(-) Tax Adjustment
Avg YoY	6.01%	8.19%	7.47%	26.11%	6.41%	6.85%	8.58%
Slope	5.71%	6.63%	3.77%	10.90%	4.05%	1.46%	1.84%
CAGR	5.74%	8.01%	5.28%	—	0.50%	1.67%	3.45%
LSR	5.74%	6.93%	3.92%	—	—	—	—
Change In Working Capital
Avg YoY	19.95%	-79.89%	-15.32%	100.68%	64.07%	71.34%	50.29%
Slope	134.67%	2.33%	-6.11%	-27.75%	-250.57%	-20,975.46%	-16.82%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	8.65%	-22.53%	-10.48%	-8.39%	-4.85%	-3.42%	-8.57%
Slope	10.60%	-16.48%	-7.19%	-6.81%	-1.76%	-0.67%	1.90%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	12.64%	18.97%	19.17%	24.95%	61.40%	50.42%	58.26%
Slope	0.22%	7.59%	10.19%	10.06%	7.56%	5.21%	6.34%
CAGR	0.19%	11.77%	13.92%	14.29%	4.39%	4.45%	6.71%
LSR	0.19%	7.43%	11.21%	12.88%	9.75%	5.21%	—
Net Interest After Taxes
Avg YoY	0.86%	-7.96%	-4.39%	-0.27%	-4.70%	-4.70%	-4.70%
Slope	0.93%	12.93%	1.97%	3.50%	-1.23%	-5.60%	-7.22%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	-56.13%	263.19%	58.31%	733.73%	572.77%	596.93%	482.60%
Slope	-1,226.76%	-148.15%	25.26%	12.10%	4.38%	-26.05%	-87.25%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	27.84%	28.81%	35.50%	244.28%	201.06%	167.61%	145.68%
Slope	-8.82%	1.79%	9.83%	9.14%	7.36%	4.58%	5.60%
CAGR	-6.91%	9.84%	8.54%	7.88%	2.79%	2.00%	7.85%
LSR	-6.91%	0.47%	11.22%	15.00%	—	—	—