Bunge Limited (0U6R.L)

Analysis: Growth Rates Industry: Agricultural Farm Products Sector: Consumer Defensive Live Price: $106.62

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Stock Price
Avg YoY	-10.89%	6.86%	3.04%	2.90%	5.24%	10.74%
Slope	-11.86%	3.65%	4.63%	1.96%	1.03%	3.26%
CAGR	-11.72%	4.35%	1.46%	1.23%	1.68%	6.81%
LSR	-11.72%	4.28%	4.52%	1.83%	1.10%	4.56%
Market Capitalization
Avg YoY	-10.21%	7.97%	3.48%	3.47%	5.65%	10.69%
Slope	-11.23%	5.09%	4.87%	1.98%	1.20%	3.37%
CAGR	-11.17%	5.53%	2.00%	1.84%	1.95%	6.73%
LSR	-11.17%	5.90%	4.75%	1.88%	1.30%	4.62%
(-) Cash & Equivalents
Avg YoY	87.24%	87.00%	44.38%	22.54%	28.73%	21.61%
Slope	50.57%	47.51%	23.37%	9.72%	6.06%	4.39%
CAGR	79.84%	77.45%	27.05%	6.52%	11.48%	5.42%
LSR	79.84%	76.09%	20.98%	5.75%	3.24%	2.16%
(+) Total Debt
Avg YoY	17.65%	0.00%	6.69%	6.30%	5.93%	3.70%
Slope	16.09%	-3.26%	3.90%	0.20%	1.96%	1.70%
CAGR	16.85%	-1.90%	5.35%	3.44%	3.45%	1.03%
LSR	16.85%	-3.08%	4.06%	0.50%	2.19%	1.75%
Enterprise Value
Avg YoY	-9.48%	-1.90%	1.65%	2.91%	4.35%	5.61%
Slope	-9.90%	-2.12%	3.20%	0.81%	1.19%	2.65%
CAGR	-9.61%	-2.32%	1.21%	1.77%	1.60%	3.19%
LSR	-9.61%	-2.23%	3.25%	0.97%	1.39%	3.17%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Revenue
Avg YoY	-11.12%	8.57%	3.36%	2.60%	5.88%	9.23%
Slope	-11.78%	4.24%	4.28%	0.40%	2.17%	4.27%
CAGR	-11.12%	6.42%	2.25%	1.36%	4.18%	7.36%
LSR	-11.12%	5.17%	4.23%	0.36%	2.58%	5.95%
Cost of Revenue
Avg YoY	-11.52%	8.83%	3.41%	2.61%	5.86%	9.34%
Slope	-12.36%	4.02%	4.04%	0.24%	2.14%	4.30%
CAGR	-11.55%	6.52%	2.23%	1.27%	4.19%	7.41%
LSR	-11.55%	4.97%	3.99%	0.23%	2.58%	6.06%
Gross Profit
Avg YoY	0.81%	7.96%	40.08%	26.94%	27.35%	25.65%
Slope	-3.64%	7.47%	8.40%	3.28%	2.71%	3.85%
CAGR	-4.00%	5.06%	2.60%	2.77%	4.14%	6.60%
LSR	-4.00%	7.90%	8.50%	2.11%	2.28%	4.04%
Gross Margin
Avg YoY	13.55%	1.99%	37.00%	25.41%	20.84%	16.50%
Slope	6.84%	2.74%	3.89%	2.46%	0.06%	-1.63%
CAGR	8.01%	-1.28%	0.34%	1.40%	-0.05%	-0.71%
LSR	8.01%	2.59%	4.10%	1.74%	-0.29%	-1.80%
SG&A Expenses
Avg YoY	14.42%	7.66%	2.95%	1.94%	4.14%	7.50%
Slope	12.56%	8.84%	2.19%	0.15%	1.10%	3.25%
CAGR	13.90%	6.94%	2.40%	1.43%	3.31%	6.55%
LSR	13.90%	9.04%	2.01%	0.07%	1.22%	4.38%
Operating Expenses
Avg YoY	14.42%	7.66%	2.95%	1.94%	4.14%	5.70%
Slope	12.56%	8.84%	2.19%	0.15%	1.10%	2.60%
CAGR	13.90%	6.94%	2.40%	1.43%	3.31%	4.04%
LSR	13.90%	9.04%	2.01%	0.07%	1.22%	3.11%
Operating Income (EBIT)
Avg YoY	-6.51%	11.21%	-39.10%	-21.19%	-48.59%	-12.95%
Slope	-14.79%	6.50%	15.09%	7.00%	4.68%	5.41%
CAGR	-16.39%	3.17%	2.83%	4.63%	5.22%	16.09%
LSR	-16.39%	6.56%	—	—	—	—
Operating Margin
Avg YoY	5.36%	2.68%	-43.96%	-23.55%	-55.48%	-26.23%
Slope	-5.05%	2.27%	10.70%	5.77%	1.83%	0.65%
CAGR	-5.92%	-3.05%	0.56%	3.23%	0.99%	8.14%
LSR	-5.92%	1.32%	—	—	—	—
Interest Income
Avg YoY	59.29%	71.17%	25.59%	16.87%	10.41%	10.41%
Slope	36.13%	42.26%	18.44%	3.78%	-0.04%	4.78%
CAGR	51.52%	64.98%	15.96%	6.56%	—	—
LSR	51.52%	67.05%	15.34%	1.14%	—	—
Interest Expense
Avg YoY	9.66%	19.22%	9.67%	5.75%	3.82%	3.82%
Slope	7.34%	18.05%	7.69%	2.88%	4.27%	7.54%
CAGR	8.11%	15.46%	6.92%	3.42%	—	—
LSR	8.11%	20.96%	7.44%	2.43%	—	—
Net Interest Income
Avg YoY	-2.73%	11.26%	7.65%	5.00%	5.83%	5.83%
Slope	3.57%	-10.48%	-5.11%	-2.65%	-5.77%	-8.50%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Other Income / Expense
Avg YoY	-16.54%	-141.78%	-59.64%	-41.10%	40.86%	59.55%
Slope	18.71%	-33.82%	1.91%	-16.93%	-8.09%	-7.88%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Unusual Items
Avg YoY	-16.54%	-141.78%	-59.64%	-41.10%	40.86%	59.55%
Slope	-18.71%	33.82%	-1.91%	16.93%	8.09%	7.88%
CAGR	-16.78%	11.76%	-0.57%	—	4.72%	16.16%
LSR	-16.78%	—	—	—	—	—
EBT excl. Unusual
Avg YoY	9.12%	28.49%	78.24%	22.17%	80.42%	88.80%
Slope	-10.47%	-1.46%	27.92%	0.06%	2.81%	4.61%
CAGR	-13.10%	-0.72%	6.65%	-10.13%	7.56%	17.59%
LSR	-13.10%	-1.32%	—	—	—	—
Pre-Tax Income
Avg YoY	-1.19%	14.93%	-56.19%	-31.97%	47.82%	63.15%
Slope	-12.24%	3.33%	18.34%	3.85%	4.08%	5.38%
CAGR	-14.11%	1.91%	4.22%	-4.83%	6.66%	17.17%
LSR	-14.11%	3.30%	—	—	—	—
Pre-Tax Margin
Avg YoY	11.38%	5.17%	-63.68%	-34.03%	36.88%	46.48%
Slope	-2.76%	-0.79%	14.46%	1.36%	1.04%	0.98%
CAGR	-3.36%	-4.24%	1.92%	-6.11%	2.37%	9.14%
LSR	-3.36%	-1.78%	—	—	—	—
Income Tax Expense
Avg YoY	15.54%	22.26%	38.32%	-1,077.03%	-894.58%	-686.19%
Slope	-5.42%	11.80%	13.07%	0.99%	6.26%	5.79%
CAGR	-6.94%	7.89%	1.42%	-5.10%	—	14.89%
LSR	-6.94%	12.66%	14.62%	—	—	—
Net Income
Avg YoY	-5.00%	12.24%	-81.93%	-27.89%	9.47%	57.30%
Slope	-14.22%	0.91%	19.56%	4.66%	3.66%	5.36%
CAGR	-15.96%	-0.18%	4.11%	-5.07%	4.10%	20.88%
LSR	-15.96%	0.63%	—	—	—	—
Net Margin
Avg YoY	7.07%	2.34%	-92.18%	-31.00%	1.26%	39.67%
Slope	-4.58%	-3.41%	15.91%	1.77%	-0.13%	0.86%
CAGR	-5.45%	-6.20%	1.82%	-6.34%	-0.08%	12.60%
LSR	-5.45%	-4.32%	—	—	—	—
Depreciation & Amortization
Avg YoY	7.15%	2.00%	-1.19%	0.91%	3.32%	5.47%
Slope	6.78%	2.13%	-3.69%	-1.44%	1.17%	3.52%
CAGR	7.10%	1.84%	-1.68%	0.39%	2.78%	4.88%
LSR	7.10%	2.10%	-3.63%	-1.50%	1.43%	4.74%
EBITDA
Avg YoY	-5.09%	8.38%	-99.17%	-60.89%	-24.14%	-10.16%
Slope	-11.37%	5.76%	9.94%	4.51%	3.65%	4.86%
CAGR	-12.46%	2.87%	1.63%	3.43%	4.56%	10.40%
LSR	-12.46%	5.81%	—	—	—	—
EBITDA Margin
Avg YoY	6.94%	0.91%	-102.43%	-62.50%	-32.06%	-21.61%
Slope	-1.30%	1.22%	5.32%	3.52%	1.01%	0.12%
CAGR	-1.51%	-3.34%	-0.61%	2.04%	0.37%	2.84%
LSR	-1.51%	0.60%	—	—	—	—
NOPAT
Avg YoY	-6.51%	11.21%	-39.10%	-21.19%	-48.59%	-12.95%
Slope	-14.79%	6.50%	15.09%	7.00%	4.68%	5.41%
CAGR	-16.39%	3.17%	2.83%	4.63%	5.22%	16.09%
LSR	-16.39%	6.56%	—	—	—	—
NOPAT Margin
Avg YoY	5.36%	2.68%	-43.96%	-23.55%	-55.48%	-26.23%
Slope	-5.05%	2.27%	10.70%	5.77%	1.83%	0.65%
CAGR	-5.92%	-3.05%	0.56%	3.23%	0.99%	8.14%
LSR	-5.92%	1.32%	—	—	—	—
Owner's Earnings
Avg YoY	-38.99%	-8.83%	-53.79%	-70.56%	-138.55%	-116.32%
Slope	-56.71%	-19.01%	15.27%	8.82%	6.83%	7.36%
CAGR	-60.44%	-34.11%	-11.49%	-13.43%	-1.16%	—
LSR	-60.44%	-30.43%	—	—	—	—
Owner's Earnings Margin
Avg YoY	-31.17%	-19.99%	-62.59%	-71.19%	-140.19%	-120.72%
Slope	-49.88%	-25.23%	11.38%	4.99%	2.63%	2.70%
CAGR	-55.49%	-38.09%	-13.44%	-14.59%	-5.13%	—
LSR	-55.49%	-33.85%	—	—	—	—
EPS (Basic)
Avg YoY	-3.37%	11.95%	-81.81%	-27.87%	4.82%	46.09%
Slope	-11.82%	0.31%	19.20%	4.62%	2.59%	4.02%
CAGR	-13.27%	0.01%	4.35%	-4.99%	2.90%	17.04%
LSR	-13.27%	0.24%	—	—	—	—
EPS (Diluted)
Avg YoY	-2.34%	12.67%	-80.94%	-27.76%	2.43%	43.59%
Slope	-11.26%	1.79%	19.87%	5.04%	2.89%	4.18%
CAGR	-12.73%	1.15%	4.90%	-4.41%	3.16%	16.96%
LSR	-12.73%	1.80%	—	—	—	—
Shares (Basic)
Avg YoY	-3.05%	-0.10%	-0.18%	-0.01%	1.27%	3.56%
Slope	-3.12%	0.39%	0.33%	-0.19%	0.93%	2.10%
CAGR	-3.10%	-0.19%	-0.22%	-0.08%	1.16%	3.28%
LSR	-3.10%	0.39%	0.33%	-0.19%	1.00%	2.45%
Shares (Diluted)
Avg YoY	-3.68%	-1.27%	-0.70%	-0.63%	1.09%	3.71%
Slope	-3.75%	-1.13%	0.11%	-0.24%	0.75%	2.01%
CAGR	-3.70%	-1.31%	-0.75%	-0.68%	0.91%	3.35%
LSR	-3.70%	-1.15%	0.11%	-0.24%	0.80%	2.38%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Cash & Cash Equivalents
Avg YoY	87.24%	87.00%	44.38%	22.54%	28.73%	21.61%
Slope	50.57%	47.51%	23.37%	9.72%	6.06%	4.39%
CAGR	79.84%	77.45%	27.05%	6.52%	11.48%	5.42%
LSR	79.84%	76.09%	20.98%	5.75%	3.24%	2.16%
Short-Term Investments
Avg YoY	189.54%	87.38%	46.88%	389.72%	389.72%	295.08%
Slope	80.85%	-2.46%	-0.68%	-16.10%	-1.52%	3.50%
CAGR	109.43%	10.20%	-0.84%	20.53%	—	5.48%
LSR	109.43%	-7.81%	-2.32%	-10.07%	—	—
Cash & Short-Term Investments
Avg YoY	86.83%	64.84%	26.96%	21.01%	27.91%	20.67%
Slope	53.37%	39.56%	18.12%	-2.97%	2.75%	4.04%
CAGR	82.93%	54.73%	17.25%	7.37%	12.28%	5.43%
LSR	82.93%	51.38%	15.17%	-3.01%	3.63%	4.29%
Net Receivables
Avg YoY	-5.36%	8.95%	5.27%	-0.04%	2.74%	2.58%
Slope	-5.54%	7.49%	4.29%	-0.11%	-0.21%	0.81%
CAGR	-5.37%	7.89%	4.50%	-0.86%	1.61%	1.48%
LSR	-5.37%	8.40%	4.32%	-0.08%	-0.18%	0.89%
Inventory
Avg YoY	-8.58%	-0.61%	6.06%	1.75%	5.26%	4.92%
Slope	-9.34%	-2.51%	5.70%	2.15%	1.96%	2.95%
CAGR	-8.76%	-1.17%	5.03%	0.53%	3.65%	3.43%
LSR	-8.76%	-2.52%	6.20%	2.07%	2.05%	3.27%
Other Current Assets
Avg YoY	-5.74%	-16.17%	14.03%	7.20%	9.38%	8.52%
Slope	-6.54%	-20.66%	3.76%	-0.43%	-1.85%	0.45%
CAGR	-6.16%	-17.99%	-0.40%	-2.67%	0.61%	1.36%
LSR	-6.16%	-16.95%	4.16%	-0.74%	-1.90%	0.50%
Total Current Assets
Avg YoY	2.54%	1.29%	6.80%	2.16%	5.46%	4.60%
Slope	2.45%	0.91%	6.42%	0.45%	0.78%	2.08%
CAGR	2.44%	1.23%	5.69%	0.70%	3.63%	2.99%
LSR	2.44%	0.90%	6.73%	0.46%	0.88%	2.34%
Property, Plant & Equipment
Avg YoY	19.89%	9.45%	5.44%	2.37%	4.13%	2.72%
Slope	18.06%	9.52%	2.89%	0.26%	0.72%	1.61%
CAGR	19.89%	8.86%	4.96%	1.79%	3.13%	1.73%
LSR	19.89%	9.47%	2.71%	0.16%	0.75%	1.76%
Goodwill
Avg YoY	2.02%	-4.55%	3.75%	-0.87%	7.50%	7.50%
Slope	1.91%	-4.17%	-0.02%	-1.85%	2.15%	6.18%
CAGR	1.95%	-4.99%	1.66%	-4.39%	—	—
LSR	1.95%	-3.81%	0.43%	-0.97%	—	—
Intangible Assets
Avg YoY	-1.04%	-9.73%	5.81%	8.92%	6.37%	5.41%
Slope	-1.87%	-10.05%	-0.60%	4.39%	5.01%	1.46%
CAGR	-1.94%	-10.57%	0.59%	4.69%	-0.68%	-1.32%
LSR	-1.94%	-9.18%	-0.08%	5.21%	6.02%	1.73%
Long-Term Investments
Avg YoY	-2.96%	9.70%	21.30%	11.33%	7.60%	7.60%
Slope	-6.06%	8.95%	7.75%	5.83%	5.77%	8.50%
CAGR	-6.48%	6.98%	11.66%	3.96%	—	—
LSR	-6.48%	9.89%	9.27%	5.82%	—	—
Tax Assets
Avg YoY	-0.57%	21.76%	8.54%	0.20%	4.50%	7.61%
Slope	-1.12%	15.03%	5.41%	-4.82%	-3.44%	0.38%
CAGR	-1.16%	19.01%	5.76%	-3.68%	0.86%	2.31%
LSR	-1.16%	19.04%	5.19%	-3.75%	-3.30%	1.16%
Other Non-Current Assets
Avg YoY	-5.25%	-9.50%	-7.52%	-7.66%	-1.97%	5.75%
Slope	-5.63%	-9.32%	-15.85%	-10.63%	-5.80%	-1.50%
CAGR	-5.65%	-9.80%	-11.06%	-10.35%	-6.73%	-0.57%
LSR	-5.65%	-8.75%	-15.42%	-11.98%	-7.42%	-1.92%
Total Non-Current Assets
Avg YoY	11.19%	6.22%	3.99%	0.29%	3.33%	3.14%
Slope	10.25%	6.91%	1.16%	-1.10%	0.03%	1.75%
CAGR	11.03%	5.97%	3.54%	-0.25%	2.31%	2.16%
LSR	11.03%	7.02%	1.17%	-1.07%	0.13%	2.12%
Total Assets
Avg YoY	5.37%	2.90%	5.11%	0.98%	4.07%	3.55%
Slope	5.24%	2.98%	4.37%	-0.15%	0.49%	1.95%
CAGR	5.37%	2.85%	4.85%	0.34%	3.10%	2.67%
LSR	5.37%	2.98%	4.49%	-0.10%	0.61%	2.28%
Accounts Payable
Avg YoY	-17.34%	6.60%	3.78%	0.72%	3.81%	3.87%
Slope	-18.80%	0.13%	1.42%	0.58%	0.07%	1.76%
CAGR	-17.37%	2.66%	1.18%	-1.24%	1.38%	1.71%
LSR	-17.37%	0.72%	1.40%	0.46%	0.20%	2.14%
Short-Term Debt
Avg YoY	31.47%	5.35%	17.66%	15.12%	54.48%	38.04%
Slope	10.58%	-17.85%	-1.49%	-8.85%	0.01%	-0.64%
CAGR	9.37%	-12.96%	-1.20%	-2.23%	4.26%	-3.18%
LSR	9.37%	-13.79%	-1.43%	-7.96%	2.21%	-0.16%
Tax Payables
Avg YoY	-4.68%	43.15%	14.52%	14.52%	14.52%	14.52%
Slope	-21.61%	9.05%	25.68%	24.74%	21.41%	18.50%
CAGR	-25.63%	10.29%	4.03%	—	—	—
LSR	-25.63%	12.10%	—	—	—	—
Deferred Revenue
Avg YoY	-3.43%	8.93%	5.25%	5.48%	5.40%	5.40%
Slope	-5.65%	5.70%	3.60%	4.48%	8.78%	10.42%
CAGR	-5.19%	6.80%	4.18%	3.89%	—	—
LSR	-5.19%	6.12%	3.58%	4.79%	—	—
Other Current Liabilities
Avg YoY	-10.45%	-20.63%	13.64%	7.40%	105.68%	87.59%
Slope	-15.27%	-29.09%	0.83%	-0.34%	-0.85%	1.66%
CAGR	-13.23%	-23.33%	-2.47%	-3.67%	-0.52%	1.84%
LSR	-13.23%	-23.68%	0.39%	-0.96%	0.56%	2.45%
Total Current Liabilities
Avg YoY	-9.86%	-9.19%	2.63%	1.25%	7.20%	4.47%
Slope	-11.88%	-10.90%	1.07%	-1.93%	0.30%	1.47%
CAGR	-10.76%	-9.91%	-0.09%	-1.73%	1.97%	0.11%
LSR	-10.76%	-10.23%	1.02%	-1.81%	0.59%	1.71%
Long-Term Debt
Avg YoY	24.65%	5.67%	8.33%	6.96%	4.70%	5.96%
Slope	21.70%	0.80%	3.09%	3.33%	1.57%	1.96%
CAGR	24.63%	2.68%	6.19%	5.17%	2.32%	3.18%
LSR	24.63%	0.62%	3.33%	3.44%	1.52%	2.09%
Capital Lease Obligations
Avg YoY	-0.82%	3.60%	3.31%	3.31%	3.31%	3.31%
Slope	-1.17%	2.86%	25.31%	24.58%	21.32%	18.44%
CAGR	-1.13%	3.29%	—	—	—	—
LSR	-1.13%	2.94%	—	—	—	—
Deferred Tax Liabilities
Avg YoY	5.95%	2.90%	9.10%	16.98%	10.94%	7.33%
Slope	5.56%	3.90%	6.18%	9.22%	5.91%	1.77%
CAGR	5.82%	2.64%	7.65%	12.13%	4.24%	0.83%
LSR	5.82%	3.95%	7.01%	11.69%	6.14%	1.71%
Other Non-Current Liabilities
Avg YoY	3.86%	8.62%	2.51%	2.21%	4.91%	4.44%
Slope	3.72%	8.37%	-0.69%	-0.14%	-2.38%	0.00%
CAGR	3.72%	7.97%	1.58%	1.03%	1.13%	1.29%
LSR	3.72%	8.86%	-0.69%	-0.17%	-1.84%	0.37%
Total Non-Current Liabilities
Avg YoY	16.06%	4.38%	7.95%	6.50%	4.53%	5.11%
Slope	14.87%	2.19%	4.76%	4.51%	2.07%	2.31%
CAGR	16.06%	3.35%	7.11%	5.70%	2.98%	3.27%
LSR	16.06%	2.04%	5.22%	4.71%	2.03%	2.39%
Total Liabilities
Avg YoY	1.01%	-3.81%	3.92%	2.40%	4.19%	3.07%
Slope	0.64%	-5.08%	2.70%	0.61%	1.01%	1.81%
CAGR	0.63%	-4.11%	3.05%	1.17%	2.47%	1.46%
LSR	0.63%	-4.83%	2.84%	0.67%	1.15%	1.98%
Preferred Stock
Avg YoY	—	-50.88%	-14.27%	-8.08%	-3.02%	-3.02%
Slope	—	-75.22%	-18.23%	-7.76%	-6.79%	0.46%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Common Stock
Avg YoY	3.87%	1.37%	0.81%	0.74%	-0.73%	-6.65%
Slope	3.80%	1.18%	-0.11%	0.24%	-0.85%	-22.90%
CAGR	3.85%	1.33%	0.76%	0.69%	-0.90%	-28.51%
LSR	3.85%	1.17%	-0.11%	0.24%	-0.80%	-8.66%
Retained Earnings
Avg YoY	16.43%	17.01%	7.33%	6.61%	10.12%	13.74%
Slope	14.96%	15.28%	5.82%	4.57%	6.19%	7.69%
CAGR	16.38%	16.94%	6.61%	6.12%	9.56%	13.01%
LSR	16.38%	16.87%	5.42%	4.34%	7.20%	11.10%
Accumulated OCI
Avg YoY	7.03%	3.45%	1.89%	10.52%	-69.99%	-59.16%
Slope	-6.51%	-2.02%	-0.39%	-9.82%	-12.90%	-10.41%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Minority Interest
Avg YoY	23.57%	19.81%	29.93%	17.07%	9.17%	3.49%
Slope	20.19%	19.65%	16.35%	9.94%	3.46%	-0.95%
CAGR	23.21%	18.65%	20.25%	9.17%	5.34%	-0.60%
LSR	23.21%	21.70%	20.72%	9.43%	—	—
Total Shareholders’ Equity
Avg YoY	33.50%	43.44%	19.32%	5.08%	12.73%	7.56%
Slope	25.01%	29.50%	12.81%	-3.26%	-1.72%	2.90%
CAGR	31.08%	40.06%	13.78%	-0.68%	6.38%	3.79%
LSR	31.08%	39.64%	11.56%	-3.23%	-1.92%	—
Total Equity
Avg YoY	31.84%	37.58%	17.91%	4.44%	11.81%	-108.68%
Slope	24.31%	27.98%	13.33%	-1.85%	-1.17%	2.36%
CAGR	29.85%	35.67%	14.52%	0.12%	6.22%	2.79%
LSR	29.85%	36.03%	12.37%	-1.98%	-1.33%	—
Total Liabilities & Equity
Avg YoY	8.63%	3.73%	6.45%	1.78%	4.98%	3.71%
Slope	8.29%	3.53%	5.13%	-0.04%	0.42%	1.96%
CAGR	8.63%	3.62%	5.90%	0.78%	3.52%	1.88%
LSR	8.63%	3.49%	5.28%	0.01%	0.55%	2.35%
Tangible Assets
Avg YoY	5.55%	3.34%	5.30%	1.15%	4.10%	3.60%
Slope	5.42%	3.37%	4.59%	-0.19%	0.38%	1.87%
CAGR	5.55%	3.31%	4.99%	0.43%	3.08%	2.68%
LSR	5.55%	3.38%	4.70%	-0.14%	0.49%	2.19%
Tangible Equity
Avg YoY	38.12%	64.23%	30.06%	11.48%	17.52%	387.48%
Slope	27.97%	35.71%	17.92%	-2.50%	-2.09%	2.02%
CAGR	35.51%	56.76%	18.18%	0.42%	6.56%	2.84%
LSR	35.51%	54.93%	16.53%	-3.29%	-3.04%	—
Tangible Book Value
Avg YoY	38.12%	64.23%	30.06%	11.48%	17.52%	387.48%
Slope	27.97%	35.71%	17.92%	-2.50%	-2.09%	2.02%
CAGR	35.51%	56.76%	18.18%	0.42%	6.56%	2.84%
LSR	35.51%	54.93%	16.53%	-3.29%	-3.04%	—
Total Investments
Avg YoY	9.89%	9.35%	10.04%	26.50%	20.39%	9.62%
Slope	8.73%	6.31%	5.58%	-6.20%	2.10%	5.96%
CAGR	9.43%	8.01%	5.66%	6.58%	—	10.37%
LSR	9.43%	6.80%	5.85%	-3.22%	—	—
Net Debt
Avg YoY	0.80%	-14.24%	0.06%	4.98%	3.98%	2.27%
Slope	-6.49%	-25.12%	-3.62%	-3.48%	0.02%	0.39%
CAGR	-5.66%	-18.33%	-3.60%	-0.34%	-0.65%	-1.90%
LSR	-5.66%	-21.39%	-4.64%	-3.54%	-0.10%	0.16%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Working Capital
Avg YoY	13.69%	15.53%	12.21%	4.91%	6.46%	9.12%
Slope	12.13%	12.46%	11.66%	3.62%	1.85%	3.39%
CAGR	13.32%	14.67%	10.97%	3.48%	4.80%	7.50%
LSR	13.32%	13.88%	12.21%	3.06%	1.50%	3.90%
Total Capital
Avg YoY	11.25%	6.22%	5.72%	1.48%	4.67%	4.22%
Slope	10.54%	6.34%	4.87%	-0.88%	0.73%	2.32%
CAGR	11.23%	6.09%	5.55%	0.66%	3.57%	3.16%
LSR	11.23%	6.39%	4.88%	-0.75%	0.88%	2.75%
Capital Employed
Avg YoY	12.38%	9.99%	6.83%	1.87%	4.34%	4.83%
Slope	11.16%	9.54%	5.43%	0.74%	0.74%	2.38%
CAGR	12.13%	9.79%	6.54%	1.32%	3.38%	3.97%
LSR	12.13%	10.04%	5.46%	0.66%	0.77%	2.81%
Invested Capital
Avg YoY	3.76%	1.19%	3.61%	0.55%	3.82%	3.80%
Slope	3.70%	1.33%	3.24%	-1.64%	0.36%	2.17%
CAGR	3.76%	1.14%	3.48%	-0.23%	2.66%	2.75%
LSR	3.76%	1.33%	3.33%	-1.41%	0.56%	2.67%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Net Income
Avg YoY	-2.29%	13.80%	-35.80%	13.66%	36.76%	70.77%
Slope	-11.16%	2.15%	20.05%	5.74%	2.98%	4.29%
CAGR	-12.62%	1.82%	5.43%	-4.21%	3.40%	17.18%
LSR	-12.62%	2.33%	—	—	—	—
Depreciation & Amortization
Avg YoY	11.23%	3.49%	-0.14%	1.87%	2.64%	2.37%
Slope	10.58%	3.37%	-3.78%	-1.20%	0.58%	2.01%
CAGR	11.22%	3.20%	-0.93%	1.08%	1.86%	1.48%
LSR	11.22%	3.29%	-3.74%	-1.27%	0.63%	2.30%
Deferred Income Tax
Avg YoY	-431.37%	-320.66%	-76.58%	50.61%	36.38%	0.29%
Slope	124.10%	15.91%	-62.59%	-157.14%	16.72%	7.65%
CAGR	-69.90%	—	—	—	-16.13%	-5.36%
LSR	-69.90%	—	—	—	—	—
Stock-Based Compensation
Avg YoY	3.92%	-0.43%	8.96%	4.37%	19.06%	19.06%
Slope	3.73%	0.54%	6.77%	2.59%	3.69%	7.17%
CAGR	3.85%	-0.88%	4.71%	1.26%	—	—
LSR	3.85%	0.63%	7.26%	2.39%	—	—
Change in Working Capital
Avg YoY	11.98%	-6.03%	-43.95%	-43.69%	-84.90%	-85.36%
Slope	169.48%	47.84%	-3.04%	-10.52%	-9.79%	-7.46%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Accounts Receivable
Avg YoY	36.87%	-318.00%	-164.18%	-120.13%	-139.70%	-107.54%
Slope	163.97%	11.20%	-24.31%	-14.82%	-11.93%	-7.40%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Inventory
Avg YoY	289.91%	175.90%	-63.25%	-44.13%	-368.58%	-286.63%
Slope	40.61%	169.96%	13.88%	12.14%	6.67%	4.61%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Accounts Payable
Avg YoY	—	707.21%	478.36%	282.82%	221.72%	221.72%
Slope	—	-52.92%	-0.27%	-8.02%	-3.33%	2.68%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Other Working Capital
Avg YoY	-171.91%	-81.42%	-60.76%	-24.57%	-74.26%	-66.22%
Slope	2.84%	48.35%	4.00%	-11.52%	-11.98%	-13.07%
CAGR	-7.01%	-48.96%	-14.20%	-11.69%	-5.89%	-0.41%
LSR	-7.01%	-49.52%	-13.71%	—	—	—
Other Non-Cash Items
Avg YoY	-221.37%	-92.63%	52.96%	61.72%	787.40%	632.99%
Slope	107.77%	58.14%	-12.36%	1,769.95%	209.91%	7.26%
CAGR	—	—	—	—	—	-1.87%
LSR	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	60.77%	12.59%	-86.76%	-14.49%	-14.62%	64.81%
Slope	8,110.07%	132.01%	5.34%	-25.13%	-40.84%	-34.08%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Capital Expenditures (PPE)
Avg YoY	-67.77%	-45.33%	-15.59%	-7.08%	-7.94%	-8.47%
Slope	-43.84%	-37.44%	-7.02%	1.88%	0.58%	-1.56%
CAGR	63.51%	41.19%	9.53%	2.50%	4.29%	5.22%
LSR	63.51%	46.29%	4.47%	-2.90%	-1.32%	1.40%
Acquisitions (Net)
Avg YoY	957.89%	529.70%	179.24%	132.68%	88.50%	-122.25%
Slope	33.93%	12.93%	181.73%	124.12%	282.19%	32.08%
CAGR	26.76%	41.00%	—	—	—	—
LSR	26.76%	-1.12%	—	—	—	—
Purchases of Investments
Avg YoY	-427.79%	-221.99%	-115.81%	-99.20%	-78.66%	-78.66%
Slope	-70.55%	-35.14%	-1.45%	-11.84%	-12.76%	-12.97%
CAGR	74.33%	41.59%	21.69%	—	—	—
LSR	74.33%	20.30%	-1.52%	—	—	—
Sales / Maturities of Investments
Avg YoY	945.68%	481.61%	220.61%	164.49%	143.59%	129.27%
Slope	75.29%	30.29%	-5.13%	7.48%	11.49%	12.03%
CAGR	78.02%	28.53%	8.36%	24.33%	—	—
LSR	78.02%	7.99%	-11.79%	9.52%	—	—
Other Investing Activities
Avg YoY	-126.78%	-16.93%	1,719.76%	1,105.70%	959.51%	1,008.64%
Slope	-150.44%	-32.86%	4.53%	7.29%	10.97%	10.32%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-66.50%	17.63%	48.16%	20.18%	27.72%	-48.29%
Slope	-270.32%	-54.48%	28.93%	28.12%	68.10%	211.60%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	343.44%	143.50%	218.50%	148.04%	129.36%	101.21%
Slope	317.17%	-2.61%	-1.16%	20.05%	8.32%	0.80%
CAGR	—	-9.26%	6.20%	8.78%	12.47%	0.62%
LSR	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	496.62%	265.44%	172.87%	167.84%	149.83%	149.83%
Slope	644.82%	28.69%	5.72%	9.20%	1.97%	6.07%
CAGR	—	47.59%	7.95%	—	—	—
LSR	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	758.61%	352.74%	1,607.87%	1,001.13%	794.40%	794.40%
Slope	29.29%	-137.11%	-17.63%	1,452.37%	33.38%	16.54%
CAGR	136.05%	-48.89%	-3.74%	—	—	—
LSR	136.05%	—	—	—	—	—
Net Stock Issuance
Avg YoY	-149.67%	-99.15%	-44.16%	-58.28%	995.41%	859.61%
Slope	-74.13%	-60.88%	-27.26%	-15.35%	-242.64%	-90.18%
CAGR	143.54%	84.53%	16.41%	9.31%	—	—
LSR	143.54%	95.49%	—	—	—	—
Common Stock Issuance
Avg YoY	—	—	-100.00%	47.19%	1,526.83%	1,324.71%
Slope	—	—	-54.55%	-20.34%	-19.37%	-13.42%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-149.67%	-99.15%	-44.16%	-10.64%	-10.64%	0.42%
Slope	-74.13%	-60.88%	-27.26%	-13.50%	-15.10%	-12.63%
CAGR	143.54%	84.53%	16.41%	9.18%	—	—
LSR	143.54%	95.49%	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	—	—	—	-100.00%	-100.00%
Slope	—	—	—	—	-22.56%	-9.62%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	-8.13%	-6.04%	-5.72%	-5.21%	-6.90%	-12.42%
Slope	-7.68%	-6.50%	-3.99%	-5.35%	-5.52%	-6.06%
CAGR	8.08%	5.97%	5.54%	4.97%	5.27%	9.84%
LSR	8.08%	6.66%	4.14%	5.73%	6.20%	7.41%
Common Dividends Paid
Avg YoY	-8.13%	-9.27%	-7.99%	-9.22%	-9.19%	-11.49%
Slope	-7.68%	-9.77%	-6.57%	-7.69%	-8.00%	-7.77%
CAGR	8.08%	9.03%	7.73%	9.03%	8.90%	9.84%
LSR	8.08%	10.33%	6.85%	8.54%	9.08%	8.93%
Preferred Dividends Paid
Avg YoY	—	50.88%	14.27%	12.81%	8.87%	8.87%
Slope	—	75.22%	18.23%	10.52%	7.28%	-0.15%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Other Financing Activities
Avg YoY	-25.22%	25.51%	-69.59%	-36.08%	-7.10%	9.23%
Slope	-220.67%	-1.25%	81.50%	71.03%	96.99%	-6.58%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	37.89%	-15.51%	33.72%	-214.14%	56.00%	63.22%
Slope	58.08%	-96.38%	-40.85%	-2.48%	-61.90%	-110.55%
CAGR	-64.47%	—	—	8.91%	—	—
LSR	-64.47%	—	—	—	—	—
Effect of FX on Cash
Avg YoY	-61.39%	-86.08%	18.21%	-22.62%	74.41%	58.05%
Slope	-81.08%	59.98%	1,494.47%	38.79%	15.67%	10.84%
CAGR	-61.65%	-15.94%	—	—	—	—
LSR	-61.65%	—	—	—	—	—
Net Change in Cash
Avg YoY	227.85%	293.79%	253.82%	211.92%	315.21%	218.31%
Slope	30.78%	38.33%	37.27%	32.45%	22.85%	18.87%
CAGR	75.44%	88.39%	35.50%	27.81%	—	7.22%
LSR	75.44%	84.22%	—	—	—	—
Cash at Beginning of Period
Avg YoY	85.53%	80.91%	42.84%	27.83%	25.10%	21.31%
Slope	58.84%	51.51%	18.51%	8.14%	4.18%	2.62%
CAGR	76.79%	71.18%	25.56%	12.53%	8.97%	5.07%
LSR	76.79%	71.90%	15.03%	4.58%	2.17%	1.19%
Cash at End of Period
Avg YoY	82.98%	81.49%	42.85%	27.94%	25.51%	19.06%
Slope	49.37%	46.83%	23.42%	12.78%	7.13%	4.82%
CAGR	76.51%	74.20%	27.12%	14.10%	11.51%	5.44%
LSR	76.51%	73.58%	21.25%	8.52%	4.06%	2.42%
Operating Cash Flow
Avg YoY	60.77%	12.59%	-30.50%	21.83%	12.14%	86.04%
Slope	8,110.07%	132.01%	-20.70%	-97.10%	-568.89%	-138.52%
CAGR	—	—	—	—	7.83%	—
LSR	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-67.77%	-45.33%	-15.59%	-7.08%	-7.94%	-8.47%
Slope	-43.84%	-37.44%	-7.02%	1.88%	0.58%	-1.56%
CAGR	63.51%	41.19%	9.53%	2.50%	4.29%	5.22%
LSR	63.51%	46.29%	4.47%	-2.90%	-1.32%	1.40%
Free Cash Flow
Avg YoY	30.91%	-1.39%	-181.34%	-120.20%	-117.10%	-105.82%
Slope	301.42%	68.94%	0.15%	-7.37%	-8.18%	-7.30%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
EBITDA
Avg YoY	-2.26%	9.06%	78.06%	53.19%	54.66%	43.98%
Slope	-8.24%	6.72%	9.89%	4.64%	2.94%	2.39%
CAGR	-9.10%	4.23%	2.40%	4.14%	3.63%	2.74%
LSR	-9.10%	7.04%	—	—	—	—
(-) Tax Adjustment
Avg YoY	12.40%	18.06%	4.46%	-12.83%	-17.66%	-15.54%
Slope	-1.23%	14.97%	6.12%	5.58%	6.18%	1.76%
CAGR	-1.51%	10.35%	-0.35%	3.85%	—	0.78%
LSR	-1.51%	16.74%	—	—	—	—
Change In Working Capital
Avg YoY	11.98%	-6.03%	-43.95%	-43.69%	-84.90%	-85.36%
Slope	169.48%	47.84%	-3.04%	-10.52%	-9.79%	-7.46%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-67.77%	-45.33%	-15.59%	-7.08%	-7.94%	-8.47%
Slope	-43.84%	-37.44%	-7.02%	1.88%	0.58%	-1.56%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-86.17%	-32.44%	35.75%	76.31%	130.13%	101.63%
Slope	-131.33%	-38.79%	5.61%	11.19%	8.86%	6.52%
CAGR	-86.61%	-59.86%	-20.06%	-18.82%	-7.45%	-9.97%
LSR	-86.61%	-60.38%	-7.48%	—	—	—
Net Interest After Taxes
Avg YoY	1.69%	-10.06%	-10.33%	-6.65%	-6.28%	-6.28%
Slope	1.97%	-9.64%	-5.58%	-2.85%	-5.31%	-8.21%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	343.44%	143.50%	218.50%	148.04%	129.36%	101.21%
Slope	317.17%	-2.61%	-1.16%	20.05%	8.32%	0.80%
CAGR	—	-9.26%	6.20%	8.78%	12.47%	0.62%
LSR	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-25.78%	-8.64%	70.95%	86.94%	187.65%	285.63%
Slope	-84.20%	-33.71%	4.97%	11.17%	8.56%	6.10%
CAGR	-53.02%	-31.50%	-1.77%	-4.51%	4.23%	-2.27%
LSR	-53.02%	-35.61%	2.70%	—	—	—