Singapore Telecommunications Limited (Z74.SI)

Analysis: Growth Rates Industry: Telecommunications Services Sector: Communication Services Live Price: $4.49

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Stock Price
Avg YoY	21.70%	11.20%	0.36%	2.17%	3.09%
Slope	19.28%	7.84%	-3.57%	-2.09%	-0.70%
CAGR	20.30%	9.90%	-0.78%	1.18%	1.57%
LSR	20.30%	7.43%	-3.41%	-2.17%	-0.75%
Market Capitalization
Avg YoY	21.92%	11.26%	0.38%	2.19%	3.11%
Slope	19.44%	7.88%	-3.58%	-2.09%	-0.68%
CAGR	20.48%	9.95%	-0.77%	1.19%	1.59%
LSR	20.48%	7.46%	-3.41%	-2.17%	-0.74%
(-) Cash & Equivalents
Avg YoY	68.15%	73.51%	41.48%	16.50%	14.82%
Slope	18.32%	27.20%	23.91%	7.47%	1.86%
CAGR	28.93%	38.09%	21.54%	-0.18%	0.06%
LSR	28.93%	39.83%	27.71%	6.21%	0.21%
(+) Total Debt
Avg YoY	-0.99%	-2.60%	2.05%	3.79%	3.11%
Slope	-1.00%	-2.96%	1.34%	3.34%	3.50%
CAGR	-1.00%	-2.65%	1.38%	3.15%	2.48%
LSR	-1.00%	-2.90%	1.43%	3.57%	3.66%
Enterprise Value
Avg YoY	17.31%	7.89%	0.06%	2.34%	3.01%
Slope	15.18%	4.62%	-3.29%	-1.37%	-0.06%
CAGR	15.51%	6.58%	-0.82%	1.56%	1.81%
LSR	15.51%	4.19%	-3.19%	-1.41%	-0.06%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Revenue
Avg YoY	-1.63%	-2.47%	-1.96%	-1.68%	0.53%
Slope	-1.67%	-2.85%	-2.43%	-1.82%	-0.04%
CAGR	-1.65%	-2.48%	-2.00%	-1.73%	0.39%
LSR	-1.65%	-2.80%	-2.44%	-1.84%	0.00%
Cost of Revenue
Avg YoY	-54.47%	-29.11%	-11.12%	15.97%	13.98%
Slope	-78.51%	-28.51%	-5.86%	3.67%	0.58%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Gross Profit
Avg YoY	168.37%	83.52%	29.65%	30.78%	23.45%
Slope	83.29%	44.10%	4.74%	-7.75%	-0.83%
CAGR	123.40%	48.46%	9.80%	7.73%	6.40%
LSR	123.40%	39.69%	-0.30%	-8.09%	-1.47%
Gross Margin
Avg YoY	170.20%	86.14%	31.50%	31.69%	22.41%
Slope	84.33%	46.65%	8.01%	-5.63%	-0.41%
CAGR	127.14%	52.24%	12.04%	9.63%	5.98%
LSR	127.14%	43.71%	2.19%	-6.37%	-1.47%
SG&A Expenses
Avg YoY	-2.39%	-2.40%	-6.45%	-7.05%	-7.05%
Slope	-2.41%	-2.21%	-6.85%	-4.60%	4.94%
CAGR	-2.39%	-2.40%	-6.62%	—	—
LSR	-2.39%	-2.19%	-6.31%	—	—
Operating Expenses
Avg YoY	159.78%	78.69%	29.59%	12.44%	48.14%
Slope	86.07%	49.85%	13.12%	-11.36%	-0.78%
CAGR	147.84%	55.52%	14.86%	-1.73%	10.19%
LSR	147.84%	50.97%	6.45%	-11.21%	0.59%
Operating Income (EBIT)
Avg YoY	77.65%	39.35%	7.69%	3.80%	2.40%
Slope	51.57%	24.84%	-9.32%	-7.63%	-4.74%
CAGR	60.66%	27.40%	-1.51%	-2.15%	-2.24%
LSR	60.66%	21.99%	-9.67%	-8.58%	-5.78%
Operating Margin
Avg YoY	79.27%	41.91%	9.33%	5.35%	1.87%
Slope	52.99%	27.71%	-6.68%	-5.96%	-5.14%
CAGR	63.36%	30.65%	0.50%	-0.42%	-2.62%
LSR	63.36%	25.50%	-7.42%	-6.87%	-5.78%
Interest Income
Avg YoY	35.34%	428.41%	168.76%	111.76%	83.25%
Slope	21.00%	53.72%	17.48%	4.24%	-5.28%
CAGR	27.31%	132.12%	7.71%	7.96%	-1.71%
LSR	27.31%	176.99%	10.64%	-3.33%	—
Interest Expense
Avg YoY	-1.40%	0.63%	1.95%	0.85%	-0.11%
Slope	-1.42%	0.45%	1.81%	1.53%	0.39%
CAGR	-1.41%	0.61%	1.74%	0.31%	-0.71%
LSR	-1.41%	0.46%	1.88%	1.61%	0.44%
Net Interest Income
Avg YoY	-6.34%	-5.23%	1.00%	-0.09%	2.24%
Slope	7.37%	7.52%	-0.12%	-1.21%	-1.32%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Income / Expense
Avg YoY	-385.36%	-203.21%	-118.57%	-82.62%	-55.02%
Slope	255.37%	495.50%	33.23%	-55.80%	-22.23%
CAGR	—	—	—	5.77%	7.20%
LSR	—	—	—	—	—
Unusual Items
Avg YoY	-385.36%	-203.21%	-118.57%	-82.62%	-55.02%
Slope	-255.37%	-495.50%	-33.23%	55.80%	22.23%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
EBT excl. Unusual
Avg YoY	432.22%	175.64%	73.06%	43.08%	32.31%
Slope	111.58%	137.49%	0.25%	-11.17%	-7.91%
CAGR	212.20%	—	13.09%	1.44%	1.38%
LSR	212.20%	—	—	—	—
Pre-Tax Income
Avg YoY	188.00%	13.94%	-32.32%	-23.73%	-17.43%
Slope	82.96%	71.04%	-4.26%	-8.91%	-6.19%
CAGR	116.54%	—	6.59%	0.23%	0.11%
LSR	116.54%	—	—	—	—
Pre-Tax Margin
Avg YoY	189.41%	14.70%	-33.58%	-24.08%	-19.40%
Slope	84.09%	71.61%	-0.71%	-6.96%	-6.52%
CAGR	120.17%	—	8.76%	2.00%	-0.28%
LSR	120.17%	—	—	—	—
Income Tax Expense
Avg YoY	100.71%	99.39%	33.87%	26.00%	22.84%
Slope	27.59%	6.11%	-8.27%	-3.07%	-0.30%
CAGR	24.42%	30.61%	-2.70%	-0.70%	2.74%
LSR	24.42%	7.27%	-9.68%	-4.30%	-1.11%
Net Income
Avg YoY	170.53%	151.79%	54.62%	35.27%	25.66%
Slope	38.20%	30.26%	-9.07%	-5.52%	-3.62%
CAGR	34.37%	64.12%	0.41%	0.35%	-0.19%
LSR	34.37%	35.89%	-9.93%	-7.78%	-5.52%
Net Margin
Avg YoY	170.83%	155.08%	56.22%	36.77%	25.08%
Slope	40.16%	32.56%	-6.25%	-3.78%	-3.93%
CAGR	36.62%	68.30%	2.46%	2.12%	-0.58%
LSR	36.62%	39.80%	-7.69%	-6.05%	-5.52%
Depreciation & Amortization
Avg YoY	-3.21%	-2.62%	1.42%	1.58%	1.20%
Slope	-3.30%	-3.22%	1.72%	1.97%	1.99%
CAGR	-3.23%	-2.66%	1.25%	1.46%	1.05%
LSR	-3.23%	-3.18%	1.78%	2.00%	2.01%
EBITDA
Avg YoY	19.09%	8.91%	0.79%	0.08%	-0.22%
Slope	16.56%	5.72%	-2.95%	-2.74%	-1.52%
CAGR	16.98%	7.45%	-0.21%	-0.57%	-0.85%
LSR	16.98%	5.22%	-3.00%	-2.81%	-1.60%
EBITDA Margin
Avg YoY	20.70%	11.40%	2.70%	1.81%	-0.61%
Slope	18.21%	8.63%	-0.38%	-0.89%	-1.67%
CAGR	18.94%	10.19%	1.82%	1.18%	-1.24%
LSR	18.94%	8.24%	-0.58%	-0.99%	-1.60%
NOPAT
Avg YoY	77.65%	39.35%	7.69%	3.80%	2.40%
Slope	51.57%	24.84%	-9.32%	-7.63%	-4.74%
CAGR	60.66%	27.40%	-1.51%	-2.15%	-2.24%
LSR	60.66%	21.99%	-9.67%	-8.58%	-5.78%
NOPAT Margin
Avg YoY	79.27%	41.91%	9.33%	5.35%	1.87%
Slope	52.99%	27.71%	-6.68%	-5.96%	-5.14%
CAGR	63.36%	30.65%	0.50%	-0.42%	-2.62%
LSR	63.36%	25.50%	-7.42%	-6.87%	-5.78%
Owner's Earnings
Avg YoY	41.27%	66.73%	17.37%	12.22%	8.37%
Slope	-9.35%	8.32%	-11.49%	-6.18%	-4.42%
CAGR	-7.15%	27.95%	-6.36%	-3.80%	-3.61%
LSR	-7.15%	11.21%	-11.12%	-7.43%	-5.56%
Owner's Earnings Margin
Avg YoY	41.72%	69.70%	18.99%	13.82%	7.86%
Slope	-7.24%	10.63%	-9.06%	-4.59%	-4.86%
CAGR	-5.59%	31.21%	-4.45%	-2.10%	-3.98%
LSR	-5.59%	14.41%	-8.90%	-5.69%	-5.56%
EPS (Basic)
Avg YoY	169.74%	150.62%	53.75%	34.71%	25.49%
Slope	38.00%	30.11%	-9.51%	-5.84%	-3.73%
CAGR	34.16%	63.63%	-0.01%	0.07%	-0.15%
LSR	34.16%	35.57%	-10.27%	-8.09%	-5.66%
EPS (Diluted)
Avg YoY	170.50%	150.89%	53.87%	34.79%	25.56%
Slope	38.19%	30.17%	-9.51%	-5.83%	-3.71%
CAGR	34.36%	63.69%	0.00%	0.08%	-0.13%
LSR	34.36%	35.61%	-10.28%	-8.09%	-5.65%
Shares (Basic)
Avg YoY	0.16%	0.30%	0.43%	0.28%	-0.03%
Slope	0.16%	0.24%	0.37%	0.34%	0.15%
CAGR	0.16%	0.30%	0.43%	0.28%	-0.03%
LSR	0.16%	0.24%	0.38%	0.34%	0.15%
Shares (Diluted)
Avg YoY	0.01%	0.26%	0.42%	0.27%	-0.05%
Slope	0.01%	0.21%	0.38%	0.34%	0.14%
CAGR	0.01%	0.26%	0.42%	0.27%	-0.06%
LSR	0.01%	0.21%	0.38%	0.34%	0.14%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Cash & Cash Equivalents
Avg YoY	68.15%	73.51%	41.48%	16.50%	14.82%
Slope	18.32%	27.20%	23.91%	7.47%	1.86%
CAGR	28.93%	38.09%	21.54%	-0.18%	0.06%
LSR	28.93%	39.83%	27.71%	6.21%	0.21%
Short-Term Investments
Avg YoY	-100.00%	-100.00%	102.39%	102.39%	7.06%
Slope	0.00%	50.00%	-31.58%	-0.56%	-23.77%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Cash & Short-Term Investments
Avg YoY	68.67%	73.77%	41.79%	16.92%	13.91%
Slope	18.28%	27.24%	23.36%	7.42%	0.73%
CAGR	28.93%	38.09%	21.03%	-0.18%	-1.35%
LSR	28.93%	39.90%	26.49%	6.12%	-0.43%
Net Receivables
Avg YoY	13.54%	4.12%	5.39%	3.21%	-2.11%
Slope	12.69%	3.81%	2.13%	5.68%	6.90%
CAGR	13.53%	3.70%	4.86%	—	—
LSR	13.53%	3.67%	2.30%	—	—
Inventory
Avg YoY	-7.76%	2.78%	0.04%	2.37%	7.70%
Slope	-8.37%	2.36%	-2.80%	1.52%	3.25%
CAGR	-7.90%	1.71%	-1.35%	-0.40%	2.48%
LSR	-7.90%	2.49%	-2.70%	1.85%	4.22%
Other Current Assets
Avg YoY	-54.49%	-19.64%	-9.56%	3.76%	-2.26%
Slope	-71.04%	-29.07%	-8.73%	0.43%	-3.71%
CAGR	-66.58%	-41.82%	-23.80%	—	-16.74%
LSR	-66.58%	-40.00%	-15.38%	—	—
Total Current Assets
Avg YoY	16.86%	11.50%	7.64%	9.75%	4.92%
Slope	10.19%	8.84%	5.56%	5.35%	3.72%
CAGR	12.04%	8.17%	5.91%	7.06%	1.74%
LSR	12.04%	9.37%	5.62%	5.63%	3.67%
Property, Plant & Equipment
Avg YoY	-1.50%	-1.32%	1.47%	1.00%	1.96%
Slope	-1.55%	-2.15%	1.75%	1.20%	1.65%
CAGR	-1.53%	-1.40%	1.28%	0.85%	1.73%
LSR	-1.53%	-2.12%	1.78%	1.19%	1.69%
Goodwill
Avg YoY	-14.56%	-11.73%	-5.82%	-2.72%	-2.35%
Slope	-18.02%	-14.41%	-6.09%	-1.85%	3.61%
CAGR	-15.78%	-12.42%	-6.31%	-3.16%	—
LSR	-15.78%	-13.68%	-6.57%	-2.25%	—
Intangible Assets
Avg YoY	-4.67%	-6.82%	-3.16%	53.52%	156.09%
Slope	-73.54%	-36.85%	-10.82%	7.18%	2.35%
CAGR	-46.36%	-30.13%	-14.87%	12.84%	-5.88%
LSR	-46.36%	-37.84%	-16.05%	18.08%	5.37%
Long-Term Investments
Avg YoY	7.14%	1.24%	1.02%	3.24%	-0.41%
Slope	6.91%	0.42%	-1.66%	6.45%	6.04%
CAGR	7.10%	1.02%	0.60%	—	5.11%
LSR	7.10%	0.38%	-1.63%	—	—
Tax Assets
Avg YoY	55.26%	27.65%	5.48%	3.16%	0.91%
Slope	35.75%	23.79%	-1.28%	-6.99%	-5.96%
CAGR	49.69%	22.36%	-0.54%	-1.05%	-2.46%
LSR	49.69%	25.57%	-0.91%	-6.93%	-6.47%
Other Non-Current Assets
Avg YoY	-60.32%	-34.76%	-16.38%	-46.93%	50.85%
Slope	195.63%	60.24%	15.51%	-28.14%	-38.94%
CAGR	—	—	—	-17.98%	-2.80%
LSR	—	—	—	—	—
Total Non-Current Assets
Avg YoY	1.05%	-1.87%	-0.22%	1.03%	2.50%
Slope	0.85%	-3.02%	-1.37%	0.66%	1.43%
CAGR	0.84%	-2.04%	-0.36%	0.91%	1.83%
LSR	0.84%	-2.95%	-1.39%	0.69%	1.57%
Total Assets
Avg YoY	2.56%	-0.47%	0.60%	1.79%	2.49%
Slope	2.52%	-1.09%	-0.37%	1.28%	1.73%
CAGR	2.56%	-0.58%	0.50%	1.66%	1.81%
LSR	2.56%	-1.07%	-0.37%	1.35%	1.86%
Accounts Payable
Avg YoY	13.94%	2.79%	4.72%	4.72%	4.04%
Slope	12.87%	0.94%	2.39%	3.41%	2.09%
CAGR	13.27%	1.88%	4.23%	4.19%	2.65%
LSR	13.27%	0.74%	2.44%	3.54%	2.12%
Short-Term Debt
Avg YoY	89.35%	22.11%	50.80%	69.28%	95.51%
Slope	59.62%	-7.90%	-8.27%	1.11%	0.79%
CAGR	76.55%	-2.56%	8.93%	-4.44%	-0.03%
LSR	76.55%	-8.05%	-8.34%	6.55%	2.17%
Tax Payables
Avg YoY	12.20%	50.93%	20.65%	13.75%	10.89%
Slope	10.85%	19.67%	14.79%	6.93%	4.60%
CAGR	11.83%	35.58%	10.30%	5.96%	5.09%
LSR	11.83%	29.40%	14.67%	5.30%	3.23%
Deferred Revenue
Avg YoY	-100.00%	-35.38%	108.03%	67.62%	67.62%
Slope	-150.00%	-51.04%	-7.80%	18.84%	18.09%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Liabilities
Avg YoY	-9.34%	37.00%	25.68%	10.66%	84.37%
Slope	-22.42%	13.11%	1.07%	-4.60%	4.06%
CAGR	-25.52%	13.84%	-1.74%	-7.61%	12.27%
LSR	-25.52%	17.56%	2.97%	-4.92%	12.60%
Total Current Liabilities
Avg YoY	5.28%	1.03%	8.12%	3.04%	6.34%
Slope	5.13%	-0.19%	0.02%	2.53%	2.88%
CAGR	5.19%	0.81%	4.43%	-0.16%	2.68%
LSR	5.19%	-0.21%	0.52%	2.98%	3.16%
Long-Term Debt
Avg YoY	11.95%	3.27%	1.32%	7.73%	4.72%
Slope	11.33%	2.97%	0.52%	1.88%	2.56%
CAGR	11.84%	2.80%	0.90%	5.66%	2.98%
LSR	11.84%	2.84%	0.47%	2.22%	2.76%
Capital Lease Obligations
Avg YoY	-36.32%	-3.14%	385.96%	262.70%	262.70%
Slope	-54.27%	-11.63%	20.43%	19.16%	18.27%
CAGR	-58.68%	-28.44%	10.20%	14.44%	—
LSR	-58.68%	-23.35%	44.22%	24.28%	—
Deferred Tax Liabilities
Avg YoY	-3.05%	0.41%	-1.82%	4.79%	2.60%
Slope	-3.10%	1.00%	-1.50%	3.04%	3.28%
CAGR	-3.08%	0.27%	-1.93%	3.70%	1.68%
LSR	-3.08%	1.01%	-1.44%	3.87%	3.59%
Other Non-Current Liabilities
Avg YoY	-8.70%	15.05%	5.42%	-0.03%	3.62%
Slope	-9.31%	9.44%	3.35%	-5.49%	-5.61%
CAGR	-8.78%	12.48%	-0.86%	-4.37%	-1.37%
LSR	-8.78%	11.58%	3.48%	-4.86%	-5.56%
Total Non-Current Liabilities
Avg YoY	-1.51%	0.30%	1.20%	5.62%	3.76%
Slope	-1.79%	0.67%	2.96%	2.91%	2.88%
CAGR	-1.82%	0.11%	0.87%	4.33%	2.66%
LSR	-1.82%	0.65%	3.03%	3.11%	2.97%
Total Liabilities
Avg YoY	0.94%	0.46%	2.63%	2.60%	3.15%
Slope	0.87%	0.33%	1.73%	2.75%	2.88%
CAGR	0.89%	0.39%	2.19%	2.12%	2.67%
LSR	0.89%	0.33%	1.81%	2.87%	2.99%
Preferred Stock
Avg YoY	-100.00%	-100.00%	-100.00%	-42.40%	-42.40%
Slope	0.00%	50.00%	42.42%	-8.89%	2.53%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock
Avg YoY	-0.01%	-0.26%	7.02%	4.54%	4.27%
Slope	-0.01%	-0.21%	3.21%	4.69%	8.92%
CAGR	-0.01%	-0.26%	5.88%	3.77%	—
LSR	-0.01%	-0.21%	3.69%	5.05%	—
Retained Earnings
Avg YoY	0.37%	0.55%	-1.73%	-0.04%	-0.04%
Slope	0.27%	-0.13%	-2.52%	-0.69%	7.13%
CAGR	0.26%	0.49%	-1.84%	-0.14%	—
LSR	0.26%	-0.14%	-2.45%	-0.70%	—
Accumulated OCI
Avg YoY	-100.00%	-5.96%	-69.54%	-46.50%	-46.50%
Slope	150.00%	38.86%	-27.37%	7.72%	-3.18%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Minority Interest
Avg YoY	102.02%	41.45%	67.43%	47.45%	75.25%
Slope	61.92%	30.70%	16.49%	3.16%	5.24%
CAGR	100.29%	25.90%	6.44%	7.76%	18.53%
LSR	100.29%	30.26%	—	—	—
Total Shareholders’ Equity
Avg YoY	10.60%	3.68%	5.71%	3.20%	65.65%
Slope	7.80%	3.97%	-1.66%	-0.05%	7.35%
CAGR	8.70%	2.50%	1.46%	0.34%	—
LSR	8.70%	3.94%	-1.16%	-0.08%	—
Total Equity
Avg YoY	10.68%	3.71%	5.71%	3.21%	663.13%
Slope	7.88%	4.00%	-1.65%	-0.04%	7.35%
CAGR	8.79%	2.53%	1.47%	0.35%	63.59%
LSR	8.79%	3.98%	-1.15%	-0.08%	55.99%
Total Liabilities & Equity
Avg YoY	6.15%	2.14%	3.47%	2.17%	11.50%
Slope	4.99%	2.46%	-0.33%	1.00%	5.45%
CAGR	5.35%	1.63%	1.76%	1.01%	7.63%
LSR	5.35%	2.45%	-0.11%	1.03%	7.89%
Tangible Assets
Avg YoY	26.20%	14.16%	8.60%	4.15%	3.89%
Slope	19.31%	12.53%	6.19%	0.78%	0.95%
CAGR	23.35%	11.90%	7.28%	2.45%	2.51%
LSR	23.35%	13.10%	5.94%	0.57%	0.81%
Tangible Equity
Avg YoY	185.52%	117.11%	135.26%	80.68%	52.98%
Slope	45.43%	46.61%	13.71%	-3.07%	18.56%
CAGR	99.88%	65.65%	39.37%	0.93%	—
LSR	99.88%	73.97%	21.65%	-4.60%	—
Tangible Book Value
Avg YoY	185.52%	117.11%	135.26%	80.68%	52.98%
Slope	45.43%	46.61%	13.71%	-3.07%	18.56%
CAGR	99.88%	65.65%	39.37%	0.93%	—
LSR	99.88%	73.97%	21.65%	-4.60%	—
Total Investments
Avg YoY	7.14%	1.24%	1.02%	2.55%	4.84%
Slope	6.91%	0.42%	-1.70%	2.01%	3.25%
CAGR	7.10%	1.02%	0.59%	2.14%	4.34%
LSR	7.10%	0.38%	-1.66%	2.21%	3.67%
Net Debt
Avg YoY	28.56%	6.47%	3.53%	8.56%	6.72%
Slope	14.16%	-6.21%	-5.03%	0.79%	2.39%
CAGR	13.08%	-2.88%	-0.85%	4.75%	3.56%
LSR	13.08%	-6.36%	-5.58%	0.81%	2.51%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Working Capital
Avg YoY	374.26%	138.25%	80.12%	14.82%	-8.34%
Slope	-25.19%	568.34%	32.67%	8.73%	0.41%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Capital
Avg YoY	0.90%	-1.34%	0.52%	1.06%	1.62%
Slope	0.90%	-1.97%	-0.58%	1.21%	1.86%
CAGR	0.90%	-1.41%	0.40%	0.97%	1.52%
LSR	0.90%	-1.94%	-0.57%	1.26%	1.94%
Capital Employed
Avg YoY	0.22%	-0.52%	0.03%	1.43%	1.74%
Slope	0.22%	-0.84%	-0.37%	0.95%	1.73%
CAGR	0.22%	-0.56%	-0.01%	1.33%	1.64%
LSR	0.22%	-0.83%	-0.37%	1.00%	1.83%
Invested Capital
Avg YoY	-0.28%	-2.61%	-0.12%	1.22%	1.79%
Slope	-0.64%	-3.92%	-1.56%	0.96%	1.86%
CAGR	-0.63%	-2.81%	-0.30%	1.07%	1.66%
LSR	-0.63%	-3.82%	-1.59%	1.01%	1.96%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Net Income
Avg YoY	160.50%	145.90%	51.65%	32.30%	24.11%
Slope	45.65%	34.40%	-7.89%	-6.43%	-4.12%
CAGR	43.66%	69.27%	1.50%	-0.04%	0.16%
LSR	43.66%	41.96%	-8.89%	-8.56%	-6.07%
Depreciation & Amortization
Avg YoY	-3.22%	-2.88%	1.00%	1.31%	1.24%
Slope	-3.31%	-3.44%	1.35%	1.64%	1.84%
CAGR	-3.24%	-2.91%	0.83%	1.19%	1.11%
LSR	-3.24%	-3.39%	1.39%	1.66%	1.87%
Deferred Income Tax
Avg YoY	100.00%	30.77%	29.90%	-21.21%	-21.21%
Slope	150.00%	48.77%	13.19%	-5.44%	-10.57%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Stock-Based Compensation
Avg YoY	-100.00%	-37.62%	-24.57%	-18.57%	-18.57%
Slope	-150.00%	-52.25%	-11.61%	-1.89%	6.46%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Change in Working Capital
Avg YoY	4.17%	-43.00%	45.61%	-104.69%	-82.86%
Slope	-45.07%	-99.73%	125.88%	36.45%	15.95%
CAGR	15.89%	—	-23.73%	36.25%	-4.56%
LSR	—	—	—	—	—
Accounts Receivable
Avg YoY	-787.57%	-445.84%	-175.65%	-174.04%	-174.04%
Slope	-148.92%	-905.54%	32.16%	3.63%	-5.48%
CAGR	458.70%	—	-2.33%	—	—
LSR	—	—	—	—	—
Inventory
Avg YoY	17.13%	-2,564.97%	-1,106.39%	-700.57%	-505.77%
Slope	230.15%	-79.16%	56.89%	-140.75%	5.34%
CAGR	-92.96%	—	-36.55%	—	-18.32%
LSR	—	—	—	—	—
Accounts Payable
Avg YoY	-79.30%	496.15%	264.20%	264.20%	264.20%
Slope	-106.08%	-35.58%	37.38%	29.91%	24.31%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Working Capital
Avg YoY	100.00%	66.68%	-25.07%	-16.59%	-36.49%
Slope	150.14%	100.16%	58.70%	37.41%	76.63%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-181.08%	-96.20%	48.66%	22.43%	20.13%
Slope	-282.26%	-69.08%	4.38%	22.19%	38.07%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	2.39%	-3.15%	0.55%	-1.63%	0.79%
Slope	2.22%	-3.22%	-1.15%	-2.00%	-0.56%
CAGR	2.28%	-3.37%	0.15%	-2.18%	0.20%
LSR	2.28%	-3.08%	-1.14%	-1.97%	-0.55%
Capital Expenditures (PPE)
Avg YoY	-4.03%	-0.29%	-3.60%	-3.47%	-3.62%
Slope	-3.62%	1.52%	1.38%	0.34%	-1.25%
CAGR	3.57%	-0.07%	1.28%	0.97%	1.76%
LSR	3.57%	-1.54%	-1.14%	-0.29%	1.35%
Acquisitions (Net)
Avg YoY	130.71%	263.38%	56.51%	28.52%	-70.59%
Slope	145.37%	-1.35%	91.74%	94.10%	33.22%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Purchases of Investments
Avg YoY	0.00%	-293.61%	-216.01%	-226.85%	-681.38%
Slope	6.67%	-36.64%	6.48%	-9.33%	-12.73%
CAGR	-7.48%	125.54%	10.42%	27.79%	34.00%
LSR	-7.48%	119.01%	-1.38%	23.43%	47.61%
Sales / Maturities of Investments
Avg YoY	-39.47%	555.46%	399.37%	12,370.05%	9,176.45%
Slope	-55.47%	28.47%	11.76%	16.58%	12.62%
CAGR	-57.56%	130.15%	-3.38%	57.07%	6.35%
LSR	-57.56%	153.20%	14.95%	48.06%	17.52%
Other Investing Activities
Avg YoY	-47.37%	-1,818.32%	-801.87%	-451.68%	-365.61%
Slope	137.14%	-4.03%	-26.62%	-11.40%	-19.62%
CAGR	-71.08%	71.98%	18.81%	9.03%	—
LSR	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-481.38%	-283.93%	-131.62%	-85.20%	-76.77%
Slope	-1.77%	9.67%	11.72%	5.27%	1.00%
CAGR	1.12%	-2.91%	-2.11%	-1.23%	1.08%
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	164.88%	96.65%	38.11%	43.68%	69.81%
Slope	61.50%	89.09%	-258.00%	-79.64%	-67.87%
CAGR	—	-68.80%	—	—	—
LSR	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	158.24%	81.82%	67.09%	62.04%	84.08%
Slope	65.51%	87.35%	-478.59%	-49.39%	-15.35%
CAGR	—	-66.44%	—	—	—
LSR	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-100.00%	0.00%	23.49%	-1.21%	-1,287.83%
Slope	-150.00%	101.95%	1.12%	-14.47%	-10.36%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Stock Issuance
Avg YoY	-18.64%	-35.19%	381.60%	231.24%	16.80%
Slope	-15.05%	-23.65%	-52.51%	-7.58%	52.83%
CAGR	15.02%	32.09%	—	—	—
LSR	15.02%	29.19%	—	—	—
Common Stock Issuance
Avg YoY	—	—	-100.00%	-59.11%	-48.16%
Slope	-150.00%	-100.00%	-45.35%	-6.96%	0.16%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock Repurchased
Avg YoY	55.21%	1.73%	10.55%	2.19%	-594.13%
Slope	79.12%	10.34%	7.97%	5.35%	20.70%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Dividends Paid
Avg YoY	-19.25%	-24.87%	-5.15%	-6.61%	-8.54%
Slope	-17.64%	-21.39%	5.07%	3.37%	-0.02%
CAGR	18.83%	21.19%	-0.47%	0.90%	2.56%
LSR	18.83%	24.24%	-5.20%	-3.69%	-0.05%
Common Dividends Paid
Avg YoY	-34.25%	-24.04%	-4.79%	-6.37%	-8.49%
Slope	-29.12%	-21.06%	6.41%	4.02%	1.07%
CAGR	32.30%	21.19%	-0.47%	0.90%	2.56%
LSR	32.30%	21.84%	-6.59%	-4.46%	-1.33%
Preferred Dividends Paid
Avg YoY	49.98%	49.98%	49.98%	49.98%	49.98%
Slope	74.98%	-25.01%	-36.37%	-29.46%	-24.06%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Financing Activities
Avg YoY	-99.59%	-28.84%	2,718.73%	1,751.61%	1,286.96%
Slope	-65.82%	-163.72%	-89.66%	10.04%	6.28%
CAGR	93.19%	—	—	4.87%	5.52%
LSR	93.19%	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-40.60%	-17.59%	-543.79%	-350.85%	-259.13%
Slope	-26.50%	-5.47%	-7.23%	0.60%	1.81%
CAGR	26.45%	9.25%	9.55%	4.34%	1.56%
LSR	26.45%	3.60%	19.30%	0.54%	-2.21%
Effect of FX on Cash
Avg YoY	62.47%	237.03%	180.77%	122.13%	130.38%
Slope	80.50%	-52.69%	-107.52%	-0.52%	29.72%
CAGR	-68.55%	14.91%	—	—	16.66%
LSR	-68.55%	—	—	—	—
Net Change in Cash
Avg YoY	288.22%	274.73%	562.15%	353.43%	196.53%
Slope	-310.82%	-44.41%	15.71%	59.05%	170.88%
CAGR	—	—	—	—	6.77%
LSR	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	78.31%	78.38%	44.36%	24.60%	16.26%
Slope	44.17%	39.76%	25.31%	4.55%	-1.31%
CAGR	46.86%	46.04%	25.76%	7.47%	1.81%
LSR	46.86%	46.35%	24.25%	2.25%	-2.62%
Cash at End of Period
Avg YoY	67.84%	73.35%	41.41%	16.45%	14.79%
Slope	18.23%	27.14%	23.88%	7.45%	1.84%
CAGR	28.76%	38.00%	21.50%	-0.20%	0.05%
LSR	28.76%	39.73%	27.68%	6.19%	0.20%
Operating Cash Flow
Avg YoY	2.39%	-3.15%	0.55%	-1.63%	0.79%
Slope	2.22%	-3.22%	-1.15%	-2.00%	-0.56%
CAGR	2.28%	-3.37%	0.15%	-2.18%	0.20%
LSR	2.28%	-3.08%	-1.14%	-1.97%	-0.55%
Capital Expenditure
Avg YoY	-41.87%	-19.21%	-12.00%	-8.87%	-7.60%
Slope	-33.29%	-12.54%	-2.77%	-1.58%	-2.37%
CAGR	36.60%	14.76%	7.70%	5.04%	4.77%
LSR	36.60%	11.04%	2.30%	1.31%	2.28%
Free Cash Flow
Avg YoY	-37.08%	-25.23%	-8.28%	-8.94%	-3.97%
Slope	-55.00%	-24.88%	-5.63%	-5.48%	-3.11%
CAGR	-59.26%	-40.60%	-19.06%	-16.13%	-10.13%
LSR	-59.26%	-34.23%	-10.60%	-7.70%	-4.64%

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
EBITDA
Avg YoY	143.15%	70.68%	27.95%	20.25%	15.72%
Slope	76.05%	38.35%	7.97%	-6.26%	-1.70%
CAGR	105.40%	42.02%	12.62%	5.22%	4.60%
LSR	105.40%	33.57%	3.43%	-6.73%	-2.73%
(-) Tax Adjustment
Avg YoY	66.40%	43.15%	9.08%	10.99%	12.70%
Slope	24.02%	30.40%	-0.65%	-3.03%	1.75%
CAGR	21.75%	—	2.81%	4.24%	7.35%
LSR	21.75%	—	—	—	—
Change In Working Capital
Avg YoY	4.17%	-43.00%	45.61%	-104.69%	-82.86%
Slope	-45.07%	-99.73%	125.88%	36.45%	15.95%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Capital Expenditure
Avg YoY	-41.87%	-19.21%	-12.00%	-8.87%	-7.60%
Slope	-33.29%	-12.54%	-2.77%	-1.58%	-2.37%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	1,137.73%	554.26%	295.78%	195.22%	143.68%
Slope	134.97%	89.71%	16.97%	-13.20%	-5.57%
CAGR	1,119.99%	97.39%	14.73%	5.62%	3.85%
LSR	1,119.99%	—	—	—	—
Net Interest After Taxes
Avg YoY	-8.16%	7.14%	-4.49%	-0.99%	-2.87%
Slope	-7.85%	9.13%	-0.75%	0.07%	-0.11%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	164.88%	96.65%	38.11%	43.68%	69.81%
Slope	61.50%	89.09%	-258.00%	-79.64%	-67.87%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	1,007.47%	469.73%	190.98%	126.59%	96.59%
Slope	122.71%	153.07%	6.95%	-14.14%	-5.54%
CAGR	831.30%	—	9.67%	3.91%	4.88%
LSR	831.30%	—	—	—	—