Franklin Financial Services Corporation (FRAF)

Analysis: Growth Rates Industry: Banks - Regional Sector: Financial Services Live Price: $53.15

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	-8.92%	3.42%	4.78%	5.83%	2.92%	5.67%	5.21%
Slope	-9.53%	1.33%	1.24%	5.61%	3.25%	2.41%	2.06%
CAGR	-8.99%	2.55%	2.71%	3.59%	0.89%	3.53%	2.64%
LSR	-8.99%	1.55%	1.51%	6.71%	3.39%	2.44%	2.03%
Market Capitalization
Avg YoY	-8.62%	3.47%	4.77%	5.82%	2.94%	5.74%	5.19%
Slope	-9.20%	1.42%	1.26%	5.61%	3.25%	2.43%	2.08%
CAGR	-8.69%	2.64%	2.74%	3.60%	0.93%	3.61%	2.64%
LSR	-8.69%	1.65%	1.52%	6.71%	3.39%	2.46%	2.05%
(-) Cash & Equivalents
Avg YoY	265.48%	158.65%	80.60%	60.61%	46.40%	39.18%	37.24%
Slope	60.76%	10.03%	13.45%	9.48%	9.05%	8.37%	7.58%
CAGR	61.83%	30.53%	19.69%	16.26%	11.24%	9.60%	10.95%
LSR	61.83%	3.06%	11.35%	8.10%	8.46%	7.95%	7.33%
(+) Total Debt
Avg YoY	276.08%	138.51%	139.93%	51.22%	36.16%	30.73%	39.30%
Slope	73.44%	58.17%	39.40%	4.35%	-5.91%	-4.45%	-0.88%
CAGR	195.85%	72.73%	—	3.55%	2.63%	4.38%	12.75%
LSR	195.85%	86.44%	—	—	—	—	—
Enterprise Value
Avg YoY	53.82%	200.42%	93.51%	58.71%	42.91%	37.48%	34.16%
Slope	13.00%	37.44%	9.13%	2.12%	-5.03%	-3.94%	-1.48%
CAGR	19.49%	19.69%	10.22%	-1.74%	-1.97%	1.19%	3.31%
LSR	19.49%	—	—	—	—	—	—

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	27.28%	17.79%	10.91%	6.19%	6.80%	5.37%	8.41%
Slope	23.80%	16.84%	9.32%	5.53%	3.48%	3.61%	4.30%
CAGR	27.27%	17.39%	10.48%	5.70%	6.14%	4.74%	7.26%
LSR	27.27%	17.68%	9.15%	5.02%	3.09%	3.46%	4.88%
Cost of Revenue
Avg YoY	223.26%	235.81%	141.95%	83.11%	63.57%	49.10%	42.41%
Slope	78.43%	57.49%	24.64%	7.19%	-0.11%	-0.30%	-0.08%
CAGR	188.61%	52.00%	32.47%	7.98%	7.04%	3.82%	4.89%
LSR	188.61%	97.83%	17.99%	0.71%	-4.21%	-3.51%	-2.66%
Gross Profit
Avg YoY	2.44%	7.62%	6.10%	5.07%	6.18%	5.96%	16.17%
Slope	2.40%	5.54%	5.90%	5.13%	4.56%	4.95%	6.03%
CAGR	2.40%	7.25%	5.27%	4.50%	5.60%	5.49%	10.88%
LSR	2.40%	5.98%	6.14%	5.19%	4.66%	5.32%	8.87%
Gross Margin
Avg YoY	-19.48%	-7.59%	-3.71%	-0.31%	0.23%	1.37%	5.22%
Slope	-21.84%	-9.73%	-2.47%	0.26%	1.49%	1.75%	3.00%
CAGR	-19.54%	-8.64%	-4.71%	-1.14%	-0.50%	0.72%	3.37%
LSR	-19.54%	-9.94%	-2.76%	0.17%	1.52%	1.80%	3.81%
SG&A Expenses
Avg YoY	8.89%	10.34%	7.59%	6.10%	7.38%	7.05%	6.61%
Slope	8.51%	9.36%	7.36%	5.34%	5.38%	5.85%	5.83%
CAGR	8.74%	10.25%	7.50%	5.98%	7.19%	6.88%	6.35%
LSR	8.74%	9.86%	7.54%	5.26%	5.67%	6.54%	6.53%
Operating Expenses
Avg YoY	7.57%	9.44%	7.37%	5.83%	6.70%	6.57%	-23.24%
Slope	7.30%	9.00%	5.54%	4.73%	4.83%	5.33%	6.94%
CAGR	7.48%	9.29%	6.76%	5.40%	6.31%	6.26%	—
LSR	7.48%	9.47%	5.66%	4.76%	5.07%	5.92%	—
Operating Income (EBIT)
Avg YoY	-12.72%	6.71%	17.17%	13.65%	13.02%	11.02%	9.43%
Slope	-13.47%	-4.08%	7.00%	6.36%	3.79%	3.85%	3.70%
CAGR	-12.76%	0.49%	0.73%	1.68%	3.40%	3.30%	3.01%
LSR	-12.76%	-3.34%	8.50%	6.45%	3.34%	3.50%	3.41%
Operating Margin
Avg YoY	-31.44%	-7.14%	5.96%	7.30%	6.02%	5.55%	2.24%
Slope	-36.65%	-17.32%	-0.46%	1.79%	0.78%	0.50%	-1.37%
CAGR	-31.46%	-14.40%	-8.82%	-3.81%	-2.58%	-1.37%	-3.96%
LSR	-31.46%	-17.87%	-0.60%	1.37%	0.24%	0.04%	-1.40%
Interest Income
Avg YoY	33.65%	22.38%	13.32%	7.01%	7.56%	5.75%	5.70%
Slope	28.43%	21.20%	10.94%	6.01%	3.52%	3.58%	3.37%
CAGR	33.63%	21.71%	12.63%	6.23%	6.64%	4.83%	4.93%
LSR	33.63%	22.75%	10.58%	5.23%	2.96%	3.31%	3.15%
Interest Expense
Avg YoY	232.76%	126.51%	67.29%	33.23%	25.90%	19.46%	17.84%
Slope	81.49%	63.54%	32.72%	12.14%	-0.18%	-0.83%	-0.72%
CAGR	200.58%	82.30%	38.32%	9.43%	6.99%	3.81%	4.82%
LSR	200.58%	98.96%	30.75%	5.32%	-3.79%	-3.90%	-3.34%
Net Interest Income
Avg YoY	4.98%	7.97%	6.60%	4.57%	6.61%	6.05%	5.19%
Slope	4.87%	7.78%	6.08%	4.64%	4.65%	5.16%	5.00%
CAGR	4.97%	7.88%	6.52%	4.47%	6.38%	5.85%	5.01%
LSR	4.97%	8.21%	6.28%	4.59%	4.89%	5.69%	5.39%
Other Income / Expense
Avg YoY	4.98%	7.97%	6.60%	4.57%	6.61%	6.05%	5.19%
Slope	4.87%	7.78%	6.08%	4.64%	4.65%	5.16%	5.00%
CAGR	4.97%	7.88%	6.52%	4.47%	6.38%	5.85%	5.01%
LSR	4.97%	8.21%	6.28%	4.59%	4.89%	5.69%	5.39%
Unusual Items
Avg YoY	4.98%	7.97%	6.60%	4.57%	6.61%	6.05%	5.19%
Slope	-4.87%	-7.78%	-6.08%	-4.64%	-4.65%	-5.16%	-5.00%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EBT excl. Unusual
Avg YoY	0.78%	6.66%	5.82%	4.34%	6.28%	5.74%	4.97%
Slope	0.77%	4.82%	6.30%	5.03%	4.45%	4.84%	4.68%
CAGR	0.78%	6.26%	5.15%	3.85%	5.67%	5.23%	4.53%
LSR	0.78%	5.24%	6.64%	5.03%	4.53%	5.18%	4.93%
Pre-Tax Income
Avg YoY	-12.72%	6.71%	17.17%	13.65%	13.02%	11.02%	9.43%
Slope	-13.47%	-4.08%	7.00%	6.36%	3.79%	3.85%	3.70%
CAGR	-12.76%	0.49%	0.73%	1.68%	3.40%	3.30%	3.01%
LSR	-12.76%	-3.34%	8.50%	6.45%	3.34%	3.50%	3.41%
Pre-Tax Margin
Avg YoY	-31.44%	-7.14%	5.96%	7.30%	6.02%	5.55%	2.24%
Slope	-36.65%	-17.32%	-0.46%	1.79%	0.78%	0.50%	-1.37%
CAGR	-31.46%	-14.40%	-8.82%	-3.81%	-2.58%	-1.37%	-3.96%
LSR	-31.46%	-17.87%	-0.60%	1.37%	0.24%	0.04%	-1.40%
Income Tax Expense
Avg YoY	-6.45%	294.85%	-81.17%	-40.78%	-20.08%	-16.30%	-14.32%
Slope	-7.38%	12.63%	2.52%	3.60%	0.40%	1.83%	1.76%
CAGR	-6.91%	71.19%	-0.27%	-1.99%	4.63%	2.94%	1.47%
LSR	-6.91%	46.90%	—	—	—	—	—
Net Income
Avg YoY	-13.67%	0.51%	25.80%	19.47%	15.99%	13.61%	11.91%
Slope	-14.53%	-6.54%	7.80%	6.87%	4.49%	4.27%	4.12%
CAGR	-13.80%	-3.50%	0.94%	2.73%	3.19%	3.37%	3.43%
LSR	-13.80%	-6.31%	11.05%	6.87%	3.77%	3.67%	3.68%
Net Margin
Avg YoY	-32.21%	-12.88%	13.86%	12.61%	8.78%	7.95%	4.46%
Slope	-37.48%	-19.79%	0.58%	2.33%	1.42%	0.85%	-0.87%
CAGR	-32.27%	-17.80%	-8.63%	-2.81%	-2.78%	-1.30%	-3.58%
LSR	-32.27%	-20.39%	1.73%	1.77%	0.66%	0.20%	-1.14%
Depreciation & Amortization
Avg YoY	21.98%	13.47%	4.41%	1.51%	2.91%	5.44%	6.09%
Slope	17.67%	14.45%	3.65%	-1.57%	-1.02%	0.06%	1.69%
CAGR	20.60%	11.96%	3.43%	0.60%	1.32%	3.39%	4.24%
LSR	20.60%	15.27%	3.17%	-1.65%	-1.06%	0.22%	2.26%
EBITDA
Avg YoY	-9.72%	6.76%	13.60%	10.45%	10.23%	9.07%	7.93%
Slope	-10.15%	-2.43%	6.66%	5.38%	3.16%	3.32%	3.42%
CAGR	-9.79%	1.72%	1.05%	1.52%	3.07%	3.31%	3.16%
LSR	-9.79%	-1.71%	7.86%	5.30%	2.78%	3.08%	3.30%
EBITDA Margin
Avg YoY	-29.09%	-7.34%	2.72%	4.31%	3.57%	3.94%	0.98%
Slope	-33.44%	-16.04%	-1.01%	0.72%	0.15%	-0.03%	-1.50%
CAGR	-29.13%	-13.35%	-8.53%	-3.96%	-2.89%	-1.36%	-3.83%
LSR	-29.13%	-16.48%	-1.19%	0.27%	-0.30%	-0.36%	-1.51%
NOPAT
Avg YoY	-12.72%	6.71%	17.17%	13.65%	13.02%	11.02%	9.43%
Slope	-13.47%	-4.08%	7.00%	6.36%	3.79%	3.85%	3.70%
CAGR	-12.76%	0.49%	0.73%	1.68%	3.40%	3.30%	3.01%
LSR	-12.76%	-3.34%	8.50%	6.45%	3.34%	3.50%	3.41%
NOPAT Margin
Avg YoY	-31.44%	-7.14%	5.96%	7.30%	6.02%	5.55%	2.24%
Slope	-36.65%	-17.32%	-0.46%	1.79%	0.78%	0.50%	-1.37%
CAGR	-31.46%	-14.40%	-8.82%	-3.81%	-2.58%	-1.37%	-3.96%
LSR	-31.46%	-17.87%	-0.60%	1.37%	0.24%	0.04%	-1.40%
Owner's Earnings
Avg YoY	116.94%	39.13%	40.34%	30.23%	22.59%	21.78%	17.21%
Slope	32.44%	-2.65%	4.03%	3.77%	2.62%	3.25%	3.09%
CAGR	59.85%	-6.07%	-0.09%	2.60%	2.01%	4.77%	2.77%
LSR	59.85%	-2.68%	5.03%	3.11%	1.74%	2.92%	2.72%
Owner's Earnings Margin
Avg YoY	69.25%	13.12%	23.19%	20.11%	13.37%	14.85%	8.96%
Slope	16.03%	-19.67%	-4.30%	-0.97%	-0.46%	-0.04%	-2.01%
CAGR	25.60%	-19.99%	-9.56%	-2.93%	-3.89%	0.04%	-4.18%
LSR	25.60%	-17.30%	-3.78%	-1.81%	-1.31%	-0.52%	-2.06%
EPS (Basic)
Avg YoY	-13.60%	0.00%	25.20%	18.49%	14.31%	12.32%	11.08%
Slope	-14.45%	-6.66%	7.46%	6.15%	3.28%	2.93%	2.98%
CAGR	-13.78%	-3.84%	0.49%	1.85%	1.71%	2.24%	2.71%
LSR	-13.78%	-6.47%	10.64%	6.03%	2.53%	2.24%	2.49%
EPS (Diluted)
Avg YoY	-13.31%	0.03%	25.24%	18.53%	14.37%	12.42%	11.09%
Slope	-14.14%	-6.58%	7.47%	6.15%	3.28%	2.94%	3.00%
CAGR	-13.50%	-3.77%	0.51%	1.86%	1.75%	2.31%	2.71%
LSR	-13.50%	-6.39%	10.65%	6.04%	2.53%	2.26%	2.51%
Shares (Basic)
Avg YoY	-0.02%	0.36%	0.45%	0.87%	1.48%	1.13%	0.72%
Slope	-0.02%	0.18%	0.37%	0.78%	1.17%	1.36%	1.15%
CAGR	-0.02%	0.35%	0.45%	0.86%	1.46%	1.11%	0.70%
LSR	-0.02%	0.18%	0.37%	0.79%	1.21%	1.40%	1.16%
Shares (Diluted)
Avg YoY	-0.34%	0.28%	0.43%	0.86%	1.44%	1.05%	0.72%
Slope	-0.35%	0.08%	0.35%	0.77%	1.17%	1.33%	1.13%
CAGR	-0.35%	0.27%	0.42%	0.85%	1.42%	1.03%	0.69%
LSR	-0.35%	0.08%	0.35%	0.78%	1.21%	1.37%	1.14%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Asset Management Fees
Avg YoY	9.67%	8.34%	7.32%	7.32%	7.32%
Slope	9.26%	7.03%	6.59%	6.59%	6.59%
CAGR	9.65%	8.20%	7.21%	7.21%	7.21%
LSR	9.65%	7.27%	6.79%	6.79%	6.79%
Commision
Avg YoY	39.31%	14.41%	5.33%	5.33%	5.33%
Slope	19.95%	12.17%	1.60%	1.60%	1.60%
CAGR	26.84%	5.94%	-0.76%	-0.76%	-0.76%
LSR	26.84%	12.39%	1.08%	1.08%	1.08%
Estate Management Services Fees
Avg YoY	15.51%	42.68%	23.45%	23.45%	23.45%
Slope	1.55%	12.06%	7.04%	7.04%	7.04%
CAGR	1.35%	26.86%	8.31%	8.31%	8.31%
LSR	1.35%	16.02%	7.18%	7.18%	7.18%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	265.48%	158.65%	80.60%	60.61%	46.40%	39.18%	37.24%
Slope	60.76%	10.03%	13.45%	9.48%	9.05%	8.37%	7.58%
CAGR	61.83%	30.53%	19.69%	16.26%	11.24%	9.60%	10.95%
LSR	61.83%	3.06%	11.35%	8.10%	8.46%	7.95%	7.33%
Short-Term Investments
Avg YoY	-17.26%	-2.87%	13.70%	11.07%	11.07%	11.07%	11.07%
Slope	-19.29%	-4.88%	13.99%	12.05%	14.28%	13.94%	13.01%
CAGR	-18.77%	-5.58%	7.55%	—	—	—	—
LSR	-18.77%	-5.45%	16.81%	—	—	—	—
Cash & Short-Term Investments
Avg YoY	-3.17%	5.84%	14.77%	54.06%	41.57%	35.36%	34.07%
Slope	-3.55%	-1.83%	13.87%	11.45%	12.95%	12.44%	11.48%
CAGR	-3.41%	2.65%	10.91%	24.31%	16.87%	13.97%	14.60%
LSR	-3.41%	-1.31%	16.68%	15.29%	20.75%	18.83%	16.19%
Total Current Assets
Avg YoY	-3.17%	5.84%	14.77%	54.06%	41.57%	35.36%	34.07%
Slope	-3.55%	-1.83%	13.87%	11.45%	12.95%	12.44%	11.48%
CAGR	-3.41%	2.65%	10.91%	24.31%	16.87%	13.97%	14.60%
LSR	-3.41%	-1.31%	16.68%	15.29%	20.75%	18.83%	16.19%
Property, Plant & Equipment
Avg YoY	-3.72%	17.75%	10.79%	5.58%	6.96%	6.64%	6.75%
Slope	-3.87%	13.40%	11.88%	5.66%	3.99%	3.86%	4.27%
CAGR	-3.76%	15.57%	8.95%	4.18%	5.67%	5.46%	5.56%
LSR	-3.76%	16.16%	12.36%	4.91%	3.44%	3.57%	4.40%
Goodwill
Avg YoY	0.36%	-0.27%	-0.41%	-0.84%	-0.97%	-0.97%	-0.97%
Slope	0.35%	-0.09%	-0.36%	-0.79%	3.78%	7.23%	8.35%
CAGR	0.35%	-0.27%	-0.42%	-0.85%	—	—	—
LSR	0.35%	-0.08%	-0.35%	-0.78%	—	—	—
Intangible Assets
Avg YoY	—	—	—	-53.36%	-43.32%	-43.32%	-43.32%
Slope	—	—	—	-31.27%	-14.14%	-4.23%	0.40%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Long-Term Investments
Avg YoY	23.57%	12.23%	8.19%	4.05%	4.58%	4.94%	5.66%
Slope	21.11%	11.86%	5.78%	3.67%	2.20%	2.68%	3.24%
CAGR	23.55%	11.60%	7.77%	3.54%	4.10%	4.55%	5.30%
LSR	23.55%	11.86%	5.54%	3.43%	2.01%	2.68%	3.54%
Tax Assets
Avg YoY	-16.15%	93.63%	35.93%	22.54%	22.54%	22.54%	22.54%
Slope	-18.40%	28.89%	11.36%	7.72%	11.85%	12.39%	11.93%
CAGR	-16.46%	45.34%	9.11%	—	—	—	—
LSR	-16.46%	53.34%	9.12%	—	—	—	—
Other Non-Current Assets
Avg YoY	16.78%	7.93%	3.37%	0.10%	1.23%	3.46%	5.50%
Slope	15.57%	7.26%	2.22%	-1.19%	-1.57%	0.08%	2.22%
CAGR	16.57%	7.46%	2.92%	-0.33%	0.84%	2.99%	4.13%
LSR	16.57%	7.09%	2.03%	-1.14%	-1.56%	0.23%	3.42%
Total Non-Current Assets
Avg YoY	21.95%	12.08%	7.91%	3.85%	4.50%	4.92%	5.63%
Slope	19.83%	11.79%	5.77%	3.50%	2.13%	2.66%	3.28%
CAGR	21.92%	11.58%	7.56%	3.41%	4.06%	4.56%	5.31%
LSR	21.92%	11.87%	5.53%	3.25%	1.95%	2.68%	3.63%
Total Assets
Avg YoY	14.21%	9.44%	8.55%	5.54%	5.68%	5.84%	6.45%
Slope	13.34%	7.61%	7.84%	5.33%	4.20%	4.34%	4.61%
CAGR	14.12%	9.09%	8.27%	5.26%	5.38%	5.59%	6.21%
LSR	14.12%	7.72%	8.05%	5.13%	4.02%	4.40%	4.99%
Short-Term Debt
Avg YoY	-99.48%	-99.48%	-99.74%	-61.03%	-35.89%	-21.34%	-21.07%
Slope	0.78%	50.26%	28.98%	-5.22%	-10.20%	-6.65%	-1.85%
CAGR	—	—	—	-27.17%	-21.83%	-15.80%	—
LSR	—	—	—	—	—	—	—
Other Current Liabilities
Avg YoY	8.85%	7.63%	7.67%	6.00%	6.33%	6.18%	6.48%
Slope	8.39%	5.51%	7.25%	5.66%	5.11%	5.29%	5.30%
CAGR	8.54%	7.29%	7.41%	5.77%	6.03%	5.91%	6.23%
LSR	8.54%	5.62%	7.53%	5.63%	5.14%	5.58%	5.75%
Total Current Liabilities
Avg YoY	8.56%	7.49%	7.62%	5.47%	5.69%	5.78%	6.48%
Slope	8.19%	6.25%	7.51%	5.44%	4.57%	4.76%	5.00%
CAGR	8.56%	7.31%	7.41%	5.27%	5.38%	5.52%	6.23%
LSR	8.56%	6.49%	7.79%	5.34%	4.48%	4.93%	5.49%
Long-Term Debt
Avg YoY	402.27%	201.60%	238.39%	109.11%	74.47%	58.69%	57.15%
Slope	108.52%	61.48%	44.40%	11.31%	-2.21%	-2.49%	-0.07%
CAGR	195.85%	72.73%	—	7.65%	6.86%	7.70%	12.75%
LSR	195.85%	55.07%	—	—	—	—	—
Capital Lease Obligations
Avg YoY	-16.31%	-4.17%	-2.53%	-2.53%	-2.53%	-2.53%	-2.53%
Slope	-18.12%	-4.39%	23.26%	23.68%	20.81%	18.11%	15.91%
CAGR	-16.41%	-5.70%	—	—	—	—	—
LSR	-16.41%	-4.54%	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	29.70%	9.30%	30.18%	14.60%	17.79%	16.29%	13.21%
Slope	24.45%	9.35%	4.18%	0.02%	-0.13%	1.57%	-2.22%
CAGR	29.10%	6.47%	10.25%	-0.50%	4.76%	5.29%	-1.19%
LSR	29.10%	9.22%	6.25%	0.53%	0.04%	1.84%	-0.89%
Total Non-Current Liabilities
Avg YoY	246.03%	122.43%	104.61%	53.84%	42.85%	36.87%	33.39%
Slope	93.90%	50.59%	34.28%	9.32%	-1.21%	-1.42%	-0.22%
CAGR	146.46%	55.76%	51.90%	6.95%	6.82%	7.60%	7.99%
LSR	146.46%	44.03%	42.25%	6.40%	-4.02%	-4.55%	-2.92%
Total Liabilities
Avg YoY	14.22%	10.19%	9.11%	5.73%	5.87%	6.00%	6.67%
Slope	13.35%	8.37%	8.40%	5.58%	4.29%	4.41%	4.68%
CAGR	14.10%	9.90%	8.84%	5.45%	5.53%	5.72%	6.40%
LSR	14.10%	8.55%	8.65%	5.34%	4.06%	4.45%	5.06%
Common Stock
Avg YoY	0.36%	-0.27%	-0.29%	-0.22%	-0.26%	0.92%	2.67%
Slope	0.35%	-0.09%	-0.26%	-0.27%	-0.40%	0.37%	1.12%
CAGR	0.35%	-0.27%	-0.30%	-0.23%	-0.29%	0.79%	2.24%
LSR	0.35%	-0.08%	-0.25%	-0.27%	-0.40%	0.43%	1.33%
Retained Earnings
Avg YoY	5.65%	7.75%	6.25%	5.66%	5.56%	6.31%	7.39%
Slope	5.43%	7.33%	6.83%	5.85%	5.26%	5.25%	5.61%
CAGR	5.62%	7.70%	6.14%	5.57%	5.49%	6.23%	7.26%
LSR	5.62%	7.74%	6.98%	5.88%	5.30%	5.49%	6.40%
Accumulated OCI
Avg YoY	-16.46%	2,278.93%	1,001.54%	641.31%	408.86%	336.20%	285.09%
Slope	18.12%	-47.27%	-29.59%	-18.84%	-15.72%	-16.02%	-15.14%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	17.69%	2.13%	4.60%	4.86%	4.27%	5.23%	6.51%
Slope	15.69%	-2.66%	2.82%	3.73%	3.67%	3.85%	4.42%
CAGR	17.46%	-0.67%	3.11%	3.88%	3.50%	4.59%	5.87%
LSR	17.46%	-2.49%	2.80%	3.82%	3.72%	4.04%	5.06%
Total Equity
Avg YoY	17.69%	2.13%	4.60%	4.86%	4.27%	5.23%	6.51%
Slope	15.69%	-2.66%	2.82%	3.73%	3.67%	3.85%	4.42%
CAGR	17.46%	-0.67%	3.11%	3.88%	3.50%	4.59%	5.87%
LSR	17.46%	-2.49%	2.80%	3.82%	3.72%	4.04%	5.06%
Total Liabilities & Equity
Avg YoY	14.35%	9.57%	8.76%	5.64%	5.72%	5.92%	6.62%
Slope	13.47%	7.73%	8.04%	5.46%	4.25%	4.37%	4.66%
CAGR	14.26%	9.22%	8.47%	5.36%	5.41%	5.66%	6.37%
LSR	14.26%	7.84%	8.27%	5.25%	4.05%	4.43%	5.06%
Tangible Assets
Avg YoY	14.28%	9.49%	8.61%	5.59%	5.66%	5.82%	6.43%
Slope	13.40%	7.65%	7.89%	5.39%	4.22%	4.33%	4.59%
CAGR	14.19%	9.14%	8.32%	5.32%	5.36%	5.57%	6.19%
LSR	14.19%	7.76%	8.10%	5.18%	4.02%	4.38%	4.96%
Tangible Equity
Avg YoY	19.77%	2.68%	5.30%	6.04%	4.33%	5.28%	6.55%
Slope	17.29%	-2.90%	3.16%	4.47%	3.81%	3.58%	4.09%
CAGR	19.48%	-0.71%	3.49%	4.84%	3.03%	4.21%	5.56%
LSR	19.48%	-2.70%	3.14%	4.67%	3.83%	3.61%	4.52%
Tangible Book Value
Avg YoY	19.77%	2.68%	5.30%	6.04%	4.33%	5.28%	6.55%
Slope	17.29%	-2.90%	3.16%	4.47%	3.81%	3.58%	4.09%
CAGR	19.48%	-0.71%	3.49%	4.84%	3.03%	4.21%	5.56%
LSR	19.48%	-2.70%	3.14%	4.67%	3.83%	3.61%	4.52%
Total Investments
Avg YoY	11.81%	7.64%	8.00%	5.17%	5.40%	5.59%	6.20%
Slope	11.04%	7.28%	7.60%	5.34%	4.14%	4.26%	4.51%
CAGR	11.79%	7.53%	7.73%	4.92%	5.12%	5.36%	5.98%
LSR	11.79%	7.42%	7.81%	5.16%	3.95%	4.32%	4.86%
Net Debt
Avg YoY	-211.76%	-59.59%	7.35%	41.55%	31.87%	28.92%	42.81%
Slope	116.76%	184.39%	20.95%	-26.57%	-47.26%	-21.69%	-11.97%
CAGR	—	—	—	-11.76%	-8.68%	-4.38%	—
LSR	—	—	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	14.98%	9.88%	6.56%	3.32%	4.16%	4.59%	5.44%
Slope	-13.61%	-10.56%	-4.93%	-3.31%	-2.21%	-2.85%	-3.49%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Capital
Avg YoY	67.72%	29.35%	18.46%	7.37%	6.25%	7.04%	9.88%
Slope	43.26%	21.84%	12.36%	3.47%	-0.72%	-0.22%	1.66%
CAGR	62.87%	21.01%	13.75%	3.41%	3.02%	4.27%	7.16%
LSR	62.87%	22.09%	11.31%	2.50%	-1.17%	-0.63%	2.14%
Capital Employed
Avg YoY	70.41%	30.54%	18.59%	9.25%	8.61%	8.64%	8.72%
Slope	50.48%	17.79%	10.39%	4.53%	1.52%	1.63%	2.25%
CAGR	61.19%	20.31%	13.60%	5.22%	5.36%	5.88%	6.09%
LSR	61.19%	14.71%	9.10%	3.53%	0.93%	1.25%	2.18%
Invested Capital
Avg YoY	145.18%	-347.71%	-140.83%	-94.94%	-68.89%	-52.16%	-38.30%
Slope	31.93%	33.40%	11.35%	-0.80%	-5.22%	-3.46%	-0.51%
CAGR	64.20%	12.73%	9.05%	-1.62%	-0.57%	1.57%	5.02%
LSR	64.20%	—	—	—	—	—	—

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	-13.31%	0.03%	25.24%	18.53%	14.37%	12.42%	11.09%
Slope	-14.14%	-6.58%	7.47%	6.15%	3.28%	2.94%	3.00%
CAGR	-13.50%	-3.77%	0.51%	1.86%	1.75%	2.31%	2.71%
LSR	-13.50%	-6.39%	10.65%	6.04%	2.53%	2.26%	2.51%
Depreciation & Amortization
Avg YoY	22.62%	13.38%	4.09%	0.73%	1.64%	4.57%	5.55%
Slope	17.93%	14.39%	3.28%	-2.44%	-2.21%	-1.22%	0.69%
CAGR	21.02%	11.66%	2.99%	-0.25%	-0.10%	2.34%	3.52%
LSR	21.02%	15.17%	2.81%	-2.41%	-2.24%	-1.14%	1.11%
Deferred Income Tax
Avg YoY	-71.25%	290.70%	21,029.13%	13,547.12%	9,992.84%	9,992.84%	9,992.84%
Slope	-133.48%	4,554.26%	2,924.17%	49.68%	193.47%	118.90%	79.19%
CAGR	—	-30.03%	—	—	-0.41%	—	—
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	18.18%	41.10%	22.02%	22.02%	0.20%	0.20%	0.20%
Slope	16.64%	29.11%	23.10%	23.60%	18.35%	16.54%	14.82%
CAGR	17.56%	33.57%	26.42%	—	—	—	—
LSR	17.56%	37.59%	—	—	—	—	—
Change in Working Capital
Avg YoY	503.72%	256.58%	84.29%	317.55%	-128,313.37%	-101,575.45%	-84,147.88%
Slope	69.33%	615.80%	763.19%	0.92%	30.84%	15.03%	7.84%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	—	—	—	243.06%	148.88%	148.88%	91.62%
Slope	—	—	—	-27.47%	26.28%	12.00%	7.47%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	—	—	—	123.29%	64.63%	64.63%	41.11%
Slope	—	—	—	-25.43%	-0.15%	4.71%	5.17%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Working Capital
Avg YoY	503.72%	256.58%	84.29%	65.17%	-135,634.05%	-106,142.17%	-87,205.19%
Slope	69.33%	615.80%	763.19%	112.85%	27.68%	13.01%	6.38%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-4.94%	133.73%	67.07%	96.62%	102.62%	-11.62%	-5.82%
Slope	-5.69%	40.31%	1.31%	1.73%	-4.98%	1.87%	-2.44%
CAGR	-5.37%	—	11.40%	4.34%	-0.41%	13.41%	-3.05%
LSR	-5.37%	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	-5.97%	71.60%	33.32%	22.50%	19.22%	152.22%	123.74%
Slope	-6.75%	14.62%	7.85%	4.30%	3.22%	3.73%	1.67%
CAGR	-6.84%	35.23%	5.19%	3.24%	1.35%	5.11%	0.03%
LSR	-6.84%	27.58%	7.65%	3.45%	2.72%	5.17%	2.43%
Capital Expenditures (PPE)
Avg YoY	-157.36%	-510.65%	-229.24%	-163.37%	-137.52%	-104.36%	-110.40%
Slope	94.38%	8.38%	-18.00%	-12.07%	-6.44%	-3.27%	-5.31%
CAGR	-54.00%	51.34%	10.08%	0.51%	7.85%	-0.88%	—
LSR	-54.00%	4.68%	15.17%	7.03%	1.60%	-0.65%	—
Acquisitions (Net)
Avg YoY	—	—	—	—	100.00%	100.00%	100.00%
Slope	—	—	—	—	24.84%	11.08%	4.35%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	-63.80%	-14.02%	-149.88%	-97.14%	-68.97%	-58.40%	-51.95%
Slope	-27.24%	25.84%	-16.52%	-11.08%	-4.74%	-2.51%	-1.27%
CAGR	25.44%	-13.49%	22.14%	10.98%	3.42%	4.26%	4.31%
LSR	25.44%	-22.92%	45.43%	11.50%	1.74%	-0.52%	-1.20%
Sales / Maturities of Investments
Avg YoY	27.30%	26.90%	19.63%	9.25%	8.77%	8.49%	12.52%
Slope	24.16%	16.36%	14.46%	5.82%	-0.88%	-1.14%	-0.55%
CAGR	27.16%	23.25%	12.86%	3.27%	2.01%	2.09%	4.10%
LSR	27.16%	18.55%	15.56%	4.99%	-0.91%	-1.44%	-0.45%
Other Investing Activities
Avg YoY	-115.98%	-124.94%	-76.51%	-212.42%	-158.96%	-136.74%	-593.22%
Slope	-32.62%	-37.94%	-10.31%	-16.78%	-4.50%	-5.23%	-5.37%
CAGR	59.97%	16.06%	10.07%	17.98%	4.39%	7.10%	17.26%
LSR	59.97%	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-46.46%	-2.83%	-125.89%	-137.66%	-106.99%	-97.44%	-92.93%
Slope	-29.44%	8.35%	-13.61%	-17.73%	-8.43%	-7.37%	-5.68%
CAGR	39.76%	-9.95%	15.33%	—	5.31%	9.34%	10.15%
LSR	39.76%	-5.25%	17.18%	—	—	—	—
Net Debt Issuance
Avg YoY	-46.56%	-73.28%	-61.31%	-19,459.80%	-12,335.53%	-9,068.90%	-7,073.23%
Slope	52.24%	52.43%	41.54%	101.95%	33.16%	15.68%	3.93%
CAGR	—	37.20%	—	—	21.88%	—	17.65%
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	—	-100.00%	-100.00%	-29,158.05%	-15,900.72%	-10,337.03%	-7,872.25%
Slope	150.00%	82.02%	50.19%	93.14%	36.92%	20.77%	13.74%
CAGR	—	78.37%	—	—	—	—	12.66%
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-199.25%	-199.25%	-99.31%	-110.60%	-41.72%	0.97%	15.45%
Slope	-19,913.64%	-6,587.88%	-1,414.66%	1.87%	-28.40%	-91.82%	-26.16%
CAGR	—	—	—	25.71%	—	12.03%	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	116.56%	12.37%	-357.75%	-300.14%	-177.27%	-153.93%	-129.94%
Slope	208.92%	-513.03%	7.04%	-31.48%	-14.87%	1.89%	9.34%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	12.60%	3.08%	8.71%	266.05%	234.30%	199.95%	159.98%
Slope	11.38%	-6.99%	2.76%	5.78%	8.42%	9.51%	8.62%
CAGR	11.53%	-1.48%	3.40%	3.50%	—	—	7.06%
LSR	11.53%	-6.50%	2.88%	11.95%	—	—	—
Common Stock Repurchased
Avg YoY	46.43%	-21.62%	-599.36%	-599.36%	-445.42%	-445.42%	-323.39%
Slope	56.88%	-2.87%	-15.85%	-20.40%	-15.04%	-14.42%	-2.73%
CAGR	-50.02%	-8.58%	—	—	—	—	-4.04%
LSR	-50.02%	-0.08%	—	—	—	—	—
Net Dividends Paid
Avg YoY	-0.09%	-1.61%	-6.38%	-1.88%	-2.04%	-3.78%	-6.50%
Slope	-0.09%	-1.51%	-5.76%	-3.58%	-1.51%	-1.76%	-2.17%
CAGR	0.09%	1.60%	6.26%	1.26%	1.58%	3.10%	4.14%
LSR	0.09%	1.54%	6.36%	3.69%	1.40%	1.75%	2.48%
Common Dividends Paid
Avg YoY	-0.09%	-1.61%	-6.38%	-1.88%	-2.04%	-3.78%	-6.50%
Slope	-0.09%	-1.51%	-5.76%	-3.58%	-1.51%	-1.76%	-2.17%
CAGR	0.09%	1.60%	6.26%	1.26%	1.58%	3.10%	4.14%
LSR	0.09%	1.54%	6.36%	3.69%	1.40%	1.75%	2.48%
Other Financing Activities
Avg YoY	1,106.30%	524.24%	291.44%	296.07%	233.95%	414.14%	404.41%
Slope	201.02%	-10.84%	12.44%	13.27%	7.37%	7.79%	7.83%
CAGR	—	4.64%	27.71%	—	7.18%	9.63%	22.08%
LSR	—	—	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	292.78%	114.63%	134.41%	114.76%	101.47%	104.36%	130.18%
Slope	138.96%	4.46%	18.61%	22.16%	10.64%	9.31%	7.64%
CAGR	—	8.57%	32.38%	—	8.63%	12.95%	—
LSR	—	—	—	—	—	—	—
Net Change in Cash
Avg YoY	295.26%	233.02%	256.32%	177.54%	123.56%	85.16%	141.11%
Slope	1,504.00%	107.13%	42.70%	26.21%	15.72%	15.83%	12.98%
CAGR	—	—	—	—	12.58%	18.01%	11.53%
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-63.51%	11.54%	14.03%	16.93%	22.31%	16.56%	18.37%
Slope	-86.18%	-14.19%	6.03%	5.44%	6.65%	6.36%	5.97%
CAGR	-63.52%	-27.71%	-8.30%	-3.38%	2.94%	0.75%	2.73%
LSR	-63.52%	-21.77%	2.75%	4.16%	6.58%	6.09%	5.85%
Cash at End of Period
Avg YoY	354.76%	211.98%	101.64%	74.14%	55.74%	48.20%	42.63%
Slope	71.64%	13.46%	13.13%	8.86%	8.18%	7.79%	6.99%
CAGR	77.75%	37.01%	19.60%	16.20%	10.17%	9.56%	8.68%
LSR	77.75%	5.22%	9.35%	6.76%	6.88%	7.09%	6.37%
Operating Cash Flow
Avg YoY	-5.97%	71.60%	33.32%	22.50%	19.22%	152.22%	123.74%
Slope	-6.75%	14.62%	7.85%	4.30%	3.22%	3.73%	1.67%
CAGR	-6.84%	35.23%	5.19%	3.24%	1.35%	5.11%	0.03%
LSR	-6.84%	27.58%	7.65%	3.45%	2.72%	5.17%	2.43%
Capital Expenditure
Avg YoY	-157.36%	-510.65%	-229.24%	-163.37%	-137.52%	-104.36%	-110.40%
Slope	94.38%	8.38%	-18.00%	-12.07%	-6.44%	-3.27%	-5.31%
CAGR	-54.00%	51.34%	10.08%	0.51%	7.85%	-0.88%	—
LSR	-54.00%	4.68%	15.17%	7.03%	1.60%	-0.65%	—
Free Cash Flow
Avg YoY	38.05%	60.03%	28.98%	22.21%	20.83%	108.22%	85.62%
Slope	16.06%	21.48%	5.82%	2.98%	2.66%	3.82%	1.12%
CAGR	21.79%	33.64%	4.67%	3.71%	0.88%	7.47%	-0.40%
LSR	21.79%	31.38%	5.07%	2.27%	2.49%	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	-2.22%	5.32%	5.27%	3.88%	4.12%	4.49%	225.93%
Slope	-2.25%	2.52%	4.23%	3.79%	2.38%	2.64%	4.95%
CAGR	-2.23%	4.36%	2.75%	2.05%	2.53%	3.18%	—
LSR	-2.23%	2.89%	4.43%	3.83%	2.29%	2.66%	—
(-) Tax Adjustment
Avg YoY	4.98%	220.41%	108.55%	74.61%	61.62%	48.32%	225.19%
Slope	4.39%	21.77%	0.47%	1.59%	-0.76%	0.74%	3.72%
CAGR	4.33%	77.79%	1.74%	-1.63%	3.75%	2.82%	—
LSR	4.33%	56.37%	—	—	—	—	—
Change In Working Capital
Avg YoY	503.72%	256.58%	84.29%	317.55%	-128,313.37%	-101,575.45%	-84,147.88%
Slope	69.33%	615.80%	763.19%	0.92%	30.84%	15.03%	7.84%
CAGR	—	—	—	—	45.82%	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-157.36%	-510.65%	-229.24%	-163.37%	-137.52%	-104.36%	-110.40%
Slope	94.38%	8.38%	-18.00%	-12.07%	-6.44%	-3.27%	-5.31%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	17.88%	-3.10%	4.23%	5.56%	10.85%	11.64%	166.73%
Slope	12.10%	-4.60%	1.94%	3.33%	0.33%	1.92%	4.37%
CAGR	14.21%	-7.34%	1.20%	2.81%	1.62%	3.19%	—
LSR	14.21%	-3.63%	1.93%	3.42%	0.93%	2.51%	—
Net Interest After Taxes
Avg YoY	4.11%	3.70%	8.53%	6.54%	6.09%	5.98%	5.65%
Slope	3.97%	4.69%	6.19%	4.19%	4.20%	4.42%	4.41%
CAGR	4.08%	3.32%	6.30%	4.66%	4.68%	4.84%	4.70%
LSR	4.08%	4.81%	6.68%	4.18%	4.27%	4.62%	4.66%
Net Debt Issuance
Avg YoY	-46.56%	-73.28%	-61.31%	-19,459.80%	-12,335.53%	-9,068.90%	-7,073.23%
Slope	52.24%	52.43%	41.54%	101.95%	33.16%	15.68%	3.93%
CAGR	—	37.20%	—	—	21.88%	—	17.65%
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	239.03%	41.43%	53.88%	34.86%	504.95%	405.53%	341.72%
Slope	81.63%	79.42%	99.42%	88.36%	66.02%	62.22%	-0.90%
CAGR	—	45.15%	—	—	—	—	—
LSR	—	—	—	—	—	—	—