Hydratec Industries N.V. (HYDRA.AS)

Analysis: Growth Rates Industry: Agricultural - Machinery Sector: Industrials Live Price: $174.00

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Stock Price
Avg YoY	50.53%	34.25%	22.41%	20.50%	14.64%
Slope	40.40%	25.19%	13.42%	13.49%	11.75%
CAGR	48.05%	31.20%	19.58%	18.42%	12.70%
LSR	48.05%	26.64%	13.66%	15.63%	12.64%
Market Capitalization
Avg YoY	50.62%	34.26%	22.41%	20.50%	14.64%
Slope	40.46%	25.18%	13.42%	13.49%	11.75%
CAGR	48.12%	31.18%	19.57%	18.42%	12.70%
LSR	48.12%	26.60%	13.65%	15.62%	12.63%
(-) Cash & Equivalents
Avg YoY	-36.89%	80.39%	55.86%	72.15%	93.77%
Slope	-53.05%	13.43%	12.40%	5.41%	3.34%
CAGR	-39.81%	18.36%	0.48%	2.52%	10.66%
LSR	-39.81%	23.43%	13.04%	5.02%	5.40%
(+) Total Debt
Avg YoY	-16.49%	-24.73%	12.45%	27.78%	303.56%
Slope	-19.72%	-27.69%	1.31%	6.76%	11.24%
CAGR	-19.77%	-26.80%	-2.20%	8.25%	21.79%
LSR	-19.77%	-24.03%	1.94%	8.46%	—
Enterprise Value
Avg YoY	52.41%	21.28%	21.53%	24.06%	34.80%
Slope	41.63%	14.78%	10.39%	12.37%	12.56%
CAGR	51.97%	16.21%	17.27%	19.36%	13.14%
LSR	51.97%	13.40%	11.53%	15.40%	17.72%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Revenue
Avg YoY	-2.31%	5.94%	10.96%	13.76%	19.05%
Slope	-2.34%	4.99%	8.24%	9.60%	11.06%
CAGR	-2.33%	5.57%	10.12%	12.02%	11.74%
LSR	-2.33%	5.42%	9.44%	11.41%	15.30%
Cost of Revenue
Avg YoY	-8.35%	4.68%	9.85%	14.71%	20.40%
Slope	-8.67%	3.58%	7.60%	8.85%	10.95%
CAGR	-8.38%	3.84%	8.69%	11.72%	12.43%
LSR	-8.38%	3.95%	8.74%	10.65%	16.17%
Gross Profit
Avg YoY	4.58%	7.46%	12.41%	13.17%	18.18%
Slope	4.43%	6.50%	8.94%	10.45%	11.18%
CAGR	4.56%	7.32%	11.66%	12.31%	11.17%
LSR	4.56%	6.91%	10.19%	12.35%	14.54%
Gross Margin
Avg YoY	7.06%	1.81%	1.52%	0.58%	-0.23%
Slope	6.82%	1.46%	0.70%	0.81%	-0.73%
CAGR	7.06%	1.66%	1.39%	0.26%	-0.51%
LSR	7.06%	1.42%	0.68%	0.85%	-0.66%
R&D Expenses
Avg YoY	19.09%	119.53%	62.55%	53.93%	53.93%
Slope	17.47%	33.35%	14.89%	17.79%	17.51%
CAGR	19.06%	29.68%	17.81%	—	—
LSR	19.06%	49.75%	13.16%	—	—
SG&A Expenses
Avg YoY	7.45%	8.06%	9.35%	9.39%	9.39%
Slope	7.14%	7.25%	1.85%	8.67%	12.38%
CAGR	7.27%	7.96%	7.03%	—	—
LSR	7.27%	7.49%	2.47%	—	—
Operating Expenses
Avg YoY	4.24%	3.68%	11.52%	12.61%	15.03%
Slope	4.01%	4.16%	7.64%	10.05%	10.93%
CAGR	4.15%	3.63%	10.58%	11.67%	10.67%
LSR	4.15%	4.24%	8.81%	12.11%	14.24%
Operating Income (EBIT)
Avg YoY	7.88%	143.44%	59.40%	46.86%	10.27%
Slope	7.53%	23.20%	15.54%	12.37%	12.14%
CAGR	7.66%	65.80%	13.90%	16.24%	14.26%
LSR	7.66%	49.85%	15.58%	12.12%	—
Operating Margin
Avg YoY	10.63%	117.10%	40.88%	27.98%	6.23%
Slope	10.00%	21.26%	6.48%	1.79%	0.06%
CAGR	10.23%	57.05%	3.43%	3.76%	2.25%
LSR	10.23%	42.15%	5.60%	0.64%	—
Interest Income
Avg YoY	44.52%	17.78%	17.78%	-8.28%	87.17%
Slope	10.53%	-58.38%	16.15%	11.30%	6.91%
CAGR	15.15%	-43.04%	—	2.90%	18.62%
LSR	15.15%	-26.57%	—	—	—
Interest Expense
Avg YoY	5.91%	-8.22%	85.22%	57.97%	201.47%
Slope	4.75%	-10.43%	5.64%	9.36%	12.07%
CAGR	5.09%	-9.79%	25.89%	10.91%	10.33%
LSR	5.09%	-9.32%	12.83%	13.04%	27.05%
Net Interest Income
Avg YoY	3.55%	448.81%	274.38%	195.77%	229.56%
Slope	-3.49%	-16.04%	-2.93%	-8.84%	-13.94%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Income / Expense
Avg YoY	3.55%	448.81%	274.38%	195.75%	229.55%
Slope	-3.49%	-16.04%	-2.93%	-8.74%	-13.87%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unusual Items
Avg YoY	3.55%	448.81%	274.38%	195.75%	229.55%
Slope	3.49%	16.04%	2.93%	8.74%	13.87%
CAGR	3.54%	92.19%	23.59%	14.17%	9.60%
LSR	3.54%	62.27%	7.81%	12.21%	—
EBT excl. Unusual
Avg YoY	8.52%	123.56%	49.06%	41.85%	-39.78%
Slope	8.11%	24.35%	18.73%	13.28%	11.78%
CAGR	8.25%	63.41%	13.04%	16.56%	15.32%
LSR	8.25%	49.20%	19.61%	12.21%	—
Pre-Tax Income
Avg YoY	8.07%	137.04%	55.71%	44.91%	7.10%
Slope	7.71%	23.55%	16.45%	12.63%	12.04%
CAGR	7.84%	65.05%	13.63%	16.34%	14.56%
LSR	7.84%	49.63%	16.60%	12.16%	—
Pre-Tax Margin
Avg YoY	10.84%	111.74%	38.15%	26.58%	6.82%
Slope	10.18%	21.59%	7.29%	1.85%	-0.80%
CAGR	10.42%	56.34%	3.18%	3.85%	2.52%
LSR	10.42%	41.94%	6.54%	0.67%	—
Income Tax Expense
Avg YoY	9.41%	-540.37%	-363.74%	-230.57%	191.70%
Slope	9.02%	28.65%	27.01%	16.05%	13.77%
CAGR	9.31%	—	21.54%	15.79%	38.85%
LSR	9.31%	—	—	—	—
Net Income
Avg YoY	7.31%	270.50%	108.30%	85.14%	20.30%
Slope	6.90%	25.97%	11.18%	10.92%	9.48%
CAGR	6.95%	93.44%	6.00%	16.51%	12.89%
LSR	6.95%	70.16%	9.98%	10.76%	—
Net Margin
Avg YoY	10.09%	224.60%	82.61%	62.22%	45.66%
Slope	9.37%	24.53%	-0.17%	0.54%	-6.21%
CAGR	9.50%	83.24%	-3.75%	4.01%	1.03%
LSR	9.50%	61.41%	0.49%	-0.59%	—
Depreciation & Amortization
Avg YoY	-4.14%	-4.72%	14.70%	14.69%	17.21%
Slope	-4.26%	-4.55%	10.02%	12.07%	12.25%
CAGR	-4.24%	-4.78%	12.39%	12.43%	10.55%
LSR	-4.24%	-4.47%	12.69%	15.10%	16.00%
EBITDA
Avg YoY	3.91%	30.67%	18.03%	18.77%	-46.34%
Slope	3.82%	12.95%	13.43%	12.26%	12.18%
CAGR	3.86%	22.88%	13.45%	14.96%	12.94%
LSR	3.86%	17.66%	14.82%	13.68%	—
EBITDA Margin
Avg YoY	6.48%	21.32%	6.41%	4.90%	-21.72%
Slope	6.25%	9.25%	5.04%	2.31%	0.27%
CAGR	6.34%	16.40%	3.02%	2.62%	1.07%
LSR	6.34%	11.61%	4.91%	2.04%	—
NOPAT
Avg YoY	7.88%	143.44%	59.40%	46.86%	10.27%
Slope	7.53%	23.20%	15.54%	12.37%	12.14%
CAGR	7.66%	65.80%	13.90%	16.24%	14.26%
LSR	7.66%	49.85%	15.58%	12.12%	—
NOPAT Margin
Avg YoY	10.63%	117.10%	40.88%	27.98%	6.23%
Slope	10.00%	21.26%	6.48%	1.79%	0.06%
CAGR	10.23%	57.05%	3.43%	3.76%	2.25%
LSR	10.23%	42.15%	5.60%	0.64%	—
Owner's Earnings
Avg YoY	18.26%	40.59%	46.47%	51.24%	409.15%
Slope	15.48%	13.27%	17.42%	14.88%	11.54%
CAGR	15.67%	27.28%	8.07%	18.38%	14.05%
LSR	15.67%	17.79%	22.11%	15.50%	14.48%
Owner's Earnings Margin
Avg YoY	21.66%	30.96%	38.40%	40.78%	165.74%
Slope	18.07%	9.60%	6.35%	4.21%	-5.43%
CAGR	18.43%	20.57%	-1.86%	5.68%	2.06%
LSR	18.43%	11.73%	11.57%	3.67%	-0.71%
EPS (Basic)
Avg YoY	7.15%	269.86%	107.48%	84.38%	20.79%
Slope	6.74%	25.86%	10.58%	10.33%	8.93%
CAGR	6.79%	93.14%	5.29%	15.76%	12.35%
LSR	6.79%	69.89%	9.38%	9.97%	—
EPS (Diluted)
Avg YoY	7.21%	269.85%	107.48%	84.37%	20.79%
Slope	6.80%	25.85%	10.57%	10.32%	8.92%
CAGR	6.84%	93.11%	5.29%	15.75%	12.34%
LSR	6.84%	69.85%	9.38%	9.96%	—
Shares (Basic)
Avg YoY	0.15%	0.16%	0.67%	0.66%	0.49%
Slope	0.15%	0.16%	0.55%	0.70%	0.64%
CAGR	0.15%	0.16%	0.67%	0.65%	0.49%
LSR	0.15%	0.16%	0.55%	0.71%	0.65%
Shares (Diluted)
Avg YoY	0.10%	0.17%	0.68%	0.66%	0.50%
Slope	0.10%	0.19%	0.55%	0.71%	0.65%
CAGR	0.10%	0.17%	0.68%	0.66%	0.49%
LSR	0.10%	0.19%	0.56%	0.72%	0.65%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Cash & Cash Equivalents
Avg YoY	-36.89%	80.39%	55.86%	72.15%	93.77%
Slope	-53.05%	13.43%	12.40%	5.41%	3.34%
CAGR	-39.81%	18.36%	0.48%	2.52%	10.66%
LSR	-39.81%	23.43%	13.04%	5.02%	5.40%
Cash & Short-Term Investments
Avg YoY	-36.89%	80.39%	55.86%	72.15%	93.77%
Slope	-53.05%	13.43%	12.40%	5.41%	3.34%
CAGR	-39.81%	18.36%	0.48%	2.52%	10.66%
LSR	-39.81%	23.43%	13.04%	5.02%	5.40%
Net Receivables
Avg YoY	-2.88%	2.49%	10.29%	23.39%	22.60%
Slope	-4.39%	-0.84%	8.15%	10.96%	12.53%
CAGR	-4.09%	1.55%	9.43%	16.21%	12.95%
LSR	-4.09%	-0.83%	9.53%	14.27%	—
Inventory
Avg YoY	-21.01%	2.61%	5.10%	13.17%	18.64%
Slope	-23.24%	1.11%	5.26%	7.57%	9.95%
CAGR	-21.91%	-0.72%	2.72%	7.69%	10.37%
LSR	-21.91%	0.88%	5.64%	8.74%	14.05%
Other Current Assets
Avg YoY	1,464.33%	949.64%	360.27%	282.66%	254.82%
Slope	25.72%	46.61%	-1.88%	-5.82%	2.60%
CAGR	179.95%	—	-2.88%	-6.31%	—
LSR	179.95%	—	—	—	—
Total Current Assets
Avg YoY	-14.14%	4.49%	7.30%	12.64%	23.39%
Slope	-15.17%	2.70%	7.11%	8.20%	9.90%
CAGR	-14.14%	2.81%	5.72%	8.78%	12.09%
LSR	-14.14%	3.04%	7.88%	9.25%	13.79%
Property, Plant & Equipment
Avg YoY	0.60%	-0.93%	7.19%	16.00%	21.67%
Slope	0.57%	-0.58%	5.71%	10.00%	11.74%
CAGR	0.58%	-0.96%	5.73%	12.89%	12.85%
LSR	0.58%	-0.57%	6.61%	12.94%	17.74%
Goodwill
Avg YoY	-0.10%	-0.17%	2.95%	1.60%	1.60%
Slope	-0.10%	-0.19%	3.12%	6.98%	11.44%
CAGR	-0.10%	-0.17%	2.56%	—	—
LSR	-0.10%	-0.19%	3.34%	—	—
Intangible Assets
Avg YoY	-17.68%	-10.27%	12.66%	35.97%	61.56%
Slope	-19.61%	-11.91%	8.64%	-0.46%	6.69%
CAGR	-17.73%	-10.76%	5.66%	2.79%	20.41%
LSR	-17.73%	-11.82%	11.00%	2.70%	19.59%
Long-Term Investments
Avg YoY	2,846.21%	1,688.11%	1,042.29%	1,068.87%	1,068.87%
Slope	141.27%	94.52%	35.94%	29.18%	23.90%
CAGR	579.96%	199.30%	43.06%	—	—
LSR	579.96%	202.34%	7.81%	—	—
Tax Assets
Avg YoY	19.58%	0.55%	51.28%	159.23%	159.23%
Slope	16.83%	-2.12%	12.68%	18.41%	17.85%
CAGR	19.07%	-1.77%	9.12%	—	—
LSR	19.07%	-1.93%	21.94%	—	—
Other Non-Current Assets
Avg YoY	—	—	—	-47.76%	1.89%
Slope	—	—	—	-32.44%	-20.01%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Assets
Avg YoY	6.50%	1.84%	7.87%	19.15%	24.53%
Slope	6.28%	1.30%	6.23%	9.16%	11.62%
CAGR	6.38%	1.67%	6.55%	14.74%	14.72%
LSR	6.38%	1.24%	7.06%	11.67%	19.26%
Total Assets
Avg YoY	-4.60%	2.45%	6.87%	14.77%	17.94%
Slope	-4.78%	2.00%	6.66%	8.68%	10.74%
CAGR	-4.63%	2.18%	6.16%	11.43%	13.36%
LSR	-4.63%	2.10%	7.48%	10.34%	15.74%
Accounts Payable
Avg YoY	-4.45%	1.68%	1.78%	45.71%	33.97%
Slope	-4.61%	-0.01%	-0.36%	7.86%	10.13%
CAGR	-4.47%	1.25%	-0.27%	18.17%	9.50%
LSR	-4.47%	0.08%	-0.26%	12.80%	15.79%
Short-Term Debt
Avg YoY	42.10%	-8.27%	66.97%	55.61%	39.87%
Slope	-19.70%	-43.24%	1.30%	2.81%	9.05%
CAGR	-32.34%	-47.58%	-10.72%	-5.49%	15.33%
LSR	-32.34%	-38.70%	0.71%	0.18%	—
Tax Payables
Avg YoY	-24.30%	-6.34%	41.81%	24.30%	19.23%
Slope	-69.64%	-26.17%	11.29%	13.86%	13.18%
CAGR	-45.82%	-22.24%	18.82%	—	10.76%
LSR	-45.82%	-28.67%	17.92%	—	—
Deferred Revenue
Avg YoY	-99.95%	-64.09%	-19.73%	-10.21%	-10.21%
Slope	-149.84%	-60.74%	-10.81%	1.29%	8.24%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Liabilities
Avg YoY	-1.70%	277.66%	71.59%	111.77%	82.63%
Slope	-1.71%	34.70%	20.52%	12.40%	13.48%
CAGR	-1.70%	120.12%	10.11%	28.13%	19.41%
LSR	-1.70%	103.49%	—	—	—
Total Current Liabilities
Avg YoY	-16.76%	-2.58%	1.53%	53.82%	44.49%
Slope	-19.09%	-3.76%	3.32%	6.68%	10.56%
CAGR	-17.05%	-3.93%	0.46%	19.43%	15.28%
LSR	-17.05%	-3.98%	3.44%	10.74%	21.20%
Long-Term Debt
Avg YoY	-24.84%	-24.89%	-0.48%	37.76%	99.93%
Slope	-28.83%	-28.06%	-2.37%	5.29%	10.37%
CAGR	-24.95%	-25.10%	-4.92%	11.36%	18.52%
LSR	-24.95%	-24.85%	-3.33%	7.87%	—
Capital Lease Obligations
Avg YoY	-9.33%	-9.84%	24.26%	120.97%	120.97%
Slope	-9.98%	-12.58%	7.83%	16.30%	16.67%
CAGR	-9.40%	-10.32%	6.59%	—	—
LSR	-9.40%	-11.93%	10.29%	—	—
Deferred Tax Liabilities
Avg YoY	456.06%	203.12%	84.40%	71.70%	70.65%
Slope	71.64%	2.65%	-13.55%	-5.69%	3.42%
CAGR	244.95%	2.38%	-11.95%	2.52%	9.70%
LSR	244.95%	2.07%	-13.08%	-7.65%	9.00%
Other Non-Current Liabilities
Avg YoY	34.36%	4.99%	437.58%	413.75%	342.21%
Slope	20.09%	-0.73%	13.60%	14.95%	14.73%
CAGR	26.05%	-2.83%	21.07%	12.47%	11.12%
LSR	26.05%	-0.65%	44.55%	25.50%	21.46%
Total Non-Current Liabilities
Avg YoY	-5.93%	-13.96%	7.70%	29.37%	51.94%
Slope	-6.15%	-16.04%	2.56%	8.54%	11.96%
CAGR	-6.08%	-14.45%	0.57%	13.32%	15.68%
LSR	-6.08%	-14.38%	3.57%	11.79%	27.23%
Total Liabilities
Avg YoY	-15.11%	-5.81%	1.78%	44.29%	40.60%
Slope	-16.81%	-6.30%	3.16%	7.06%	10.84%
CAGR	-15.27%	-6.44%	0.48%	17.85%	15.36%
LSR	-15.27%	-6.42%	3.45%	10.84%	22.03%
Common Stock
Avg YoY	0.07%	0.04%	0.04%	0.04%	-5.98%
Slope	0.07%	0.02%	-0.05%	-0.06%	2.31%
CAGR	0.07%	0.04%	0.03%	0.03%	0.02%
LSR	0.07%	0.02%	-0.05%	-0.05%	—
Retained Earnings
Avg YoY	7.21%	269.85%	107.48%	86.35%	20.70%
Slope	6.80%	25.85%	10.57%	10.66%	12.24%
CAGR	6.84%	93.11%	5.29%	17.37%	12.34%
LSR	6.84%	69.85%	9.38%	10.82%	—
Accumulated OCI
Avg YoY	11.88%	9.52%	-14.16%	2.60%	24.52%
Slope	11.24%	9.72%	1,092.17%	88.88%	41.20%
CAGR	11.87%	9.29%	—	—	—
LSR	11.87%	10.06%	—	—	—
Minority Interest
Avg YoY	55.74%	19.40%	1.95%	-2.77%	24.18%
Slope	30.91%	7.03%	17.95%	-21.81%	-5.92%
CAGR	44.11%	6.17%	—	-14.59%	-1.36%
LSR	44.11%	6.70%	—	—	—
Total Shareholders’ Equity
Avg YoY	10.84%	14.44%	-14.98%	3.17%	16.31%
Slope	10.33%	12.39%	182.26%	421.82%	214.98%
CAGR	10.80%	14.32%	—	—	21.08%
LSR	10.80%	13.58%	—	—	—
Total Equity
Avg YoY	10.88%	14.42%	-15.13%	4.94%	17.51%
Slope	10.37%	12.38%	180.60%	619.64%	319.14%
CAGR	10.84%	14.30%	—	—	20.47%
LSR	10.84%	13.56%	—	—	—
Total Liabilities & Equity
Avg YoY	-5.29%	1.24%	87.84%	33.95%	30.01%
Slope	-5.68%	0.66%	21.00%	18.73%	17.26%
CAGR	-5.43%	0.92%	29.50%	—	17.25%
LSR	-5.43%	0.69%	49.54%	—	—
Tangible Assets
Avg YoY	-4.63%	3.25%	7.40%	14.15%	17.09%
Slope	-4.83%	2.71%	7.01%	9.27%	10.83%
CAGR	-4.67%	2.91%	6.64%	11.02%	12.68%
LSR	-4.67%	2.87%	7.90%	11.01%	15.05%
Tangible Equity
Avg YoY	17.97%	25.69%	-3.51%	8.89%	238.66%
Slope	16.56%	20.37%	223.94%	43.88%	16.95%
CAGR	17.93%	25.30%	—	—	18.94%
LSR	17.93%	24.14%	—	—	—
Tangible Book Value
Avg YoY	17.97%	25.69%	-3.51%	8.89%	238.66%
Slope	16.56%	20.37%	223.94%	43.88%	16.95%
CAGR	17.93%	25.30%	—	—	18.94%
LSR	17.93%	24.14%	—	—	—
Total Investments
Avg YoY	2,846.21%	1,688.11%	1,042.29%	813.50%	599.09%
Slope	141.27%	94.52%	35.94%	25.55%	17.91%
CAGR	579.96%	199.30%	43.06%	27.92%	14.19%
LSR	579.96%	202.34%	7.81%	—	—
Net Debt
Avg YoY	-139.07%	-126.91%	-10.41%	-95.95%	-29.65%
Slope	220.97%	-94.00%	-8.63%	3.34%	17.55%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Working Capital
Avg YoY	67.55%	-263.92%	-138.41%	-138.76%	-93.43%
Slope	17.87%	262.00%	4.56%	-7.99%	-11.19%
CAGR	28.18%	—	7.68%	-4.51%	0.80%
LSR	28.18%	—	—	—	—
Total Capital
Avg YoY	4.65%	1.07%	8.91%	12.66%	14.33%
Slope	4.43%	1.67%	6.79%	8.89%	10.15%
CAGR	4.58%	0.94%	7.26%	10.89%	12.55%
LSR	4.58%	1.67%	7.84%	10.51%	13.40%
Capital Employed
Avg YoY	7.20%	5.71%	7.10%	12.07%	13.43%
Slope	6.94%	5.30%	6.19%	8.60%	9.88%
CAGR	7.20%	5.68%	6.60%	11.01%	12.22%
LSR	7.20%	5.42%	6.70%	10.13%	12.92%
Invested Capital
Avg YoY	15.31%	1.35%	10.67%	16.29%	20.05%
Slope	13.11%	0.41%	6.30%	9.26%	11.07%
CAGR	14.63%	-0.03%	8.08%	12.34%	12.74%
LSR	14.63%	0.40%	7.40%	11.33%	15.87%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Net Income
Avg YoY	14.82%	140.05%	56.46%	44.46%	45.11%
Slope	8.28%	21.74%	14.84%	11.28%	11.17%
CAGR	7.74%	64.76%	12.87%	15.15%	13.46%
LSR	7.74%	45.02%	14.51%	10.51%	—
Depreciation & Amortization
Avg YoY	-4.24%	-4.89%	13.86%	13.87%	16.38%
Slope	-4.36%	-4.74%	9.65%	11.61%	11.85%
CAGR	-4.33%	-4.94%	11.64%	11.70%	10.01%
LSR	-4.33%	-4.64%	12.07%	14.28%	15.25%
Deferred Income Tax
Avg YoY	100.00%	53.15%	68.76%	68.76%	68.76%
Slope	150.00%	25.81%	-20.39%	-22.41%	-20.10%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Stock-Based Compensation
Avg YoY	—	-100.00%	-100.00%	-100.00%	-100.00%
Slope	—	-50.00%	13.07%	19.17%	18.28%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Change in Working Capital
Avg YoY	-42.16%	66.94%	21.17%	-27.16%	-15.45%
Slope	-172.60%	-54.43%	53.89%	37.64%	16.08%
CAGR	-20.06%	16.88%	28.49%	—	9.94%
LSR	—	—	—	—	—
Accounts Receivable
Avg YoY	243.95%	148.01%	248.86%	227.82%	227.82%
Slope	61.48%	287.85%	111.08%	67.16%	30.19%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Inventory
Avg YoY	1,648.88%	734.95%	316.72%	274.23%	191.21%
Slope	921.26%	7,242.77%	124.43%	290.40%	8.76%
CAGR	—	45.08%	—	—	17.27%
LSR	—	—	—	—	—
Accounts Payable
Avg YoY	-68.92%	-20.14%	-163.47%	-154.60%	-154.60%
Slope	-412.08%	-195.61%	-32.92%	0.89%	8.02%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Working Capital
Avg YoY	-100.00%	-14.24%	-1,181.85%	-739.61%	-484.49%
Slope	-185.89%	-48.87%	13.67%	24.85%	20.42%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-83.23%	-186.40%	-1,383.14%	-931.66%	-700.81%
Slope	-17.86%	-47.28%	-5.61%	-11.32%	-11.95%
CAGR	9.41%	—	6.67%	18.63%	21.62%
LSR	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	301.62%	169.59%	105.88%	100.10%	81.33%
Slope	-10.51%	-0.09%	15.87%	12.46%	11.58%
CAGR	-7.16%	12.89%	18.70%	21.99%	10.46%
LSR	-7.16%	-9.48%	14.80%	12.09%	12.08%
Capital Expenditures (PPE)
Avg YoY	20.28%	-11.86%	-18.41%	-18.02%	-31.90%
Slope	24.93%	-7.93%	-1.79%	-6.83%	-9.03%
CAGR	-24.97%	3.59%	5.16%	7.35%	6.98%
LSR	-24.97%	8.57%	2.81%	8.76%	12.58%
Acquisitions (Net)
Avg YoY	-100.00%	824.71%	56.75%	34.35%	-33.30%
Slope	-209.84%	-102.37%	0.94%	3.46%	-5.26%
CAGR	—	89.65%	2.99%	5.01%	—
LSR	—	—	—	—	—
Purchases of Investments
Avg YoY	100.00%	77.22%	60.94%	67.45%	72.10%
Slope	-117.80%	10.88%	-0.33%	-6.74%	17.99%
CAGR	188.39%	-3.25%	—	—	-15.62%
LSR	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	100.00%	-823.63%	-47.57%	-50.59%	-54.71%
Slope	150.00%	-265.42%	-94.09%	-27.95%	-18.45%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Investing Activities
Avg YoY	-215.81%	492.81%	96.34%	7,362.22%	5,943.17%
Slope	-242.82%	-39.29%	-39.00%	-10.38%	-0.49%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-53.33%	-45.47%	-45.60%	-28.00%	-23.41%
Slope	-42.31%	-34.45%	-5.89%	-5.43%	-10.48%
CAGR	51.51%	44.28%	20.19%	6.16%	7.41%
LSR	51.51%	41.27%	8.13%	—	—
Net Debt Issuance
Avg YoY	-153.26%	-78.40%	-68.10%	-20.80%	-60.95%
Slope	-33.82%	30.16%	-23.99%	-27.00%	-20.95%
CAGR	20.84%	-4.89%	5.31%	24.27%	11.50%
LSR	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	49.28%	-2.57%	9.21%	29.25%	-19.52%
Slope	64.83%	13.76%	-31.42%	-34.98%	-22.85%
CAGR	-49.44%	-13.58%	-11.85%	10.62%	2.34%
LSR	-49.44%	-16.79%	—	—	—
Short-Term Debt Issuance
Avg YoY	227.64%	123.95%	119.16%	82.63%	85.11%
Slope	-1,755.68%	46.49%	-18.51%	-21.57%	-19.54%
CAGR	—	-1.97%	53.34%	—	—
LSR	—	—	—	—	—
Net Dividends Paid
Avg YoY	-15.36%	-43.70%	-13.49%	-11.20%	-24.10%
Slope	-12.82%	-41.61%	-18.23%	-12.97%	-10.48%
CAGR	14.39%	—	17.62%	13.53%	18.36%
LSR	14.39%	—	—	—	—
Common Dividends Paid
Avg YoY	-15.36%	-43.70%	-13.49%	-11.20%	-24.10%
Slope	-12.82%	-41.61%	-18.23%	-12.97%	-10.48%
CAGR	14.39%	—	17.62%	13.53%	18.36%
LSR	14.39%	—	—	—	—
Preferred Dividends Paid
Avg YoY	—	—	—	-1,027,685.41%	-1,027,685.41%
Slope	—	—	—	32.14%	10.53%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Financing Activities
Avg YoY	5.00%	17.16%	-3.39%	-71.27%	-46.80%
Slope	6.17%	20.75%	-9.10%	-14.05%	-15.04%
CAGR	-6.34%	-18.79%	-1.72%	14.45%	101.45%
LSR	-6.34%	-18.12%	—	—	—
Net Cash from Financing Activities
Avg YoY	-54.39%	-32.23%	17.24%	-20.38%	-20.09%
Slope	-16.47%	7.94%	-18.37%	-17.64%	-14.79%
CAGR	14.42%	4.33%	7.22%	17.30%	14.29%
LSR	14.42%	-9.00%	—	—	—
Effect of FX on Cash
Avg YoY	-128.30%	-95.56%	-136.84%	199.32%	86.58%
Slope	-47.38%	8.50%	-11.01%	-17.66%	-14.89%
CAGR	47.39%	-10.09%	—	20.89%	—
LSR	47.39%	—	—	—	—
Net Change in Cash
Avg YoY	-42.17%	811.94%	310.08%	221.46%	1,154.17%
Slope	-829.88%	-176.09%	14.94%	2.68%	-22.51%
CAGR	—	—	-11.38%	-9.78%	3.89%
LSR	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	164.07%	99.25%	67.90%	-628.38%	-420.81%
Slope	21.40%	37.52%	12.82%	10.94%	6.44%
CAGR	46.22%	39.21%	0.51%	-2.04%	8.66%
LSR	46.22%	54.29%	11.29%	—	—
Cash at End of Period
Avg YoY	-36.89%	80.39%	-23.41%	-681.58%	-461.62%
Slope	-53.05%	13.43%	31.76%	18.93%	3.03%
CAGR	-39.81%	18.36%	7.58%	2.52%	10.66%
LSR	-39.81%	23.43%	—	—	—
Operating Cash Flow
Avg YoY	301.62%	167.19%	107.30%	101.02%	82.01%
Slope	-10.51%	-1.21%	15.79%	12.48%	11.61%
CAGR	-7.16%	11.00%	18.70%	21.99%	10.46%
LSR	-7.16%	-10.70%	14.85%	12.17%	12.14%
Capital Expenditure
Avg YoY	17.03%	-13.49%	-19.13%	-18.49%	-32.24%
Slope	20.56%	-9.60%	-2.25%	-7.05%	-9.15%
CAGR	-20.65%	6.53%	6.48%	8.22%	7.62%
LSR	-20.65%	11.08%	3.47%	9.08%	12.77%
Free Cash Flow
Avg YoY	212.28%	121.19%	103.95%	1,203.20%	878.34%
Slope	-5.30%	-5.55%	27.60%	17.41%	13.79%
CAGR	-3.10%	12.13%	24.93%	56.25%	11.35%
LSR	—	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
EBITDA
Avg YoY	3.09%	5.75%	12.65%	12.02%	16.86%
Slope	2.95%	4.87%	9.98%	10.32%	10.52%
CAGR	3.03%	5.55%	11.87%	10.25%	9.61%
LSR	3.03%	5.16%	11.42%	11.55%	12.57%
(-) Tax Adjustment
Avg YoY	4.60%	0.16%	-31.61%	-20.20%	256.75%
Slope	4.25%	25.53%	21.89%	13.03%	11.66%
CAGR	4.43%	—	19.66%	9.74%	32.84%
LSR	4.43%	—	—	—	—
Change In Working Capital
Avg YoY	-42.16%	66.94%	21.17%	-27.16%	-15.45%
Slope	-172.60%	-54.43%	53.89%	37.64%	16.08%
CAGR	-20.06%	16.88%	28.49%	—	9.94%
LSR	—	—	—	—	—
Capital Expenditure
Avg YoY	17.03%	-13.49%	-19.13%	-18.49%	-32.24%
Slope	20.56%	-9.60%	-2.25%	-7.05%	-9.15%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	26.04%	3.87%	16.69%	17.26%	25.88%
Slope	9.67%	0.63%	7.54%	9.78%	10.33%
CAGR	12.42%	-4.19%	9.07%	8.63%	7.78%
LSR	12.42%	0.21%	8.34%	11.29%	12.97%
Net Interest After Taxes
Avg YoY	-3.00%	-320.48%	-212.03%	-157.22%	-7.45%
Slope	-2.96%	-15.73%	0.12%	-7.58%	-12.85%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	-153.26%	-78.40%	-68.10%	-20.80%	-60.95%
Slope	-33.82%	30.16%	-23.99%	-27.00%	-20.95%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	34.09%	8.98%	20.45%	19.57%	28.74%
Slope	8.24%	4.52%	6.44%	8.90%	9.85%
CAGR	11.25%	-3.85%	9.82%	7.79%	7.41%
LSR	11.25%	3.80%	7.25%	10.22%	12.50%