ACNB Corporation (ACNB)

Analysis: Growth Rates Industry: Banks - Regional Sector: Financial Services Live Price: $49.40

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	0.71%	13.45%	10.04%	8.96%	6.21%	6.02%	4.88%
Slope	0.02%	11.94%	4.92%	7.26%	6.22%	4.27%	3.27%
CAGR	0.03%	12.35%	7.20%	6.88%	4.25%	4.16%	2.84%
LSR	0.03%	13.77%	5.31%	8.20%	6.45%	4.04%	2.92%
Market Capitalization
Avg YoY	0.49%	13.34%	9.99%	8.93%	6.18%	6.00%	4.87%
Slope	-0.17%	11.83%	4.88%	7.24%	6.21%	4.26%	3.26%
CAGR	-0.17%	12.24%	7.15%	6.85%	4.23%	4.14%	2.82%
LSR	-0.17%	13.64%	5.28%	8.18%	6.44%	4.04%	2.91%
(-) Cash & Equivalents
Avg YoY	-44.61%	-22.18%	39.39%	29.47%	23.72%	20.34%	17.27%
Slope	-64.58%	-48.26%	11.97%	13.84%	12.62%	10.48%	8.51%
CAGR	-47.05%	-41.17%	6.61%	2.21%	3.17%	2.58%	1.19%
LSR	-47.05%	-48.32%	17.85%	13.54%	10.74%	7.56%	5.20%
(+) Total Debt
Avg YoY	145.96%	65.12%	23.94%	15.86%	10.34%	15.56%	17.72%
Slope	52.34%	35.65%	3.91%	-0.91%	-3.05%	-0.64%	2.74%
CAGR	103.28%	30.58%	6.29%	3.31%	0.47%	6.01%	—
LSR	103.28%	40.53%	0.83%	-2.42%	-3.77%	-0.54%	—
Enterprise Value
Avg YoY	69.53%	-1.17%	-13.93%	-6.80%	-6.37%	-0.92%	1.09%
Slope	35.82%	120.13%	0.08%	-0.38%	-1.63%	-0.49%	1.45%
CAGR	54.27%	—	6.77%	5.34%	2.13%	5.14%	5.57%
LSR	54.27%	—	—	—	—	—	—

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	10.51%	6.06%	11.32%	6.66%	5.53%	5.21%	9.02%
Slope	10.03%	6.00%	9.72%	7.60%	5.03%	4.47%	5.04%
CAGR	10.41%	5.83%	10.95%	6.22%	5.12%	4.83%	7.54%
LSR	10.41%	5.99%	10.95%	7.68%	4.64%	4.16%	5.69%
Cost of Revenue
Avg YoY	141.51%	41.91%	43.52%	19.83%	14.61%	11.99%	10.55%
Slope	77.34%	1.33%	11.91%	2.04%	-4.98%	-3.15%	-2.23%
CAGR	141.24%	-0.32%	20.77%	1.98%	0.87%	0.86%	1.32%
LSR	141.24%	2.52%	12.27%	1.25%	-5.04%	-4.01%	-3.22%
Gross Profit
Avg YoY	2.98%	7.34%	9.97%	7.60%	6.76%	6.54%	39.14%
Slope	2.94%	6.59%	9.46%	8.39%	7.18%	6.36%	7.21%
CAGR	2.96%	7.24%	9.77%	7.42%	6.55%	6.33%	15.68%
LSR	2.96%	6.99%	10.54%	8.78%	7.23%	6.30%	11.90%
Gross Margin
Avg YoY	-6.73%	1.78%	-0.81%	1.37%	1.65%	1.69%	15.34%
Slope	-6.94%	0.85%	-0.35%	0.96%	2.28%	1.99%	3.67%
CAGR	-6.75%	1.33%	-1.07%	1.13%	1.36%	1.43%	7.57%
LSR	-6.75%	0.94%	-0.37%	1.02%	2.48%	2.05%	5.88%
SG&A Expenses
Avg YoY	9.43%	4.67%	7.93%	6.06%	6.88%	7.89%	7.63%
Slope	8.78%	4.66%	7.51%	6.55%	6.26%	6.56%	6.52%
CAGR	9.33%	4.50%	7.73%	5.88%	6.72%	7.63%	7.39%
LSR	9.33%	4.68%	8.02%	6.70%	6.53%	7.33%	7.42%
Operating Expenses
Avg YoY	8.67%	3.76%	9.24%	6.62%	6.09%	7.66%	-1.71%
Slope	8.27%	4.03%	8.03%	6.96%	6.01%	6.13%	8.25%
CAGR	8.67%	3.62%	8.75%	6.24%	5.74%	7.24%	—
LSR	8.67%	4.01%	8.78%	7.16%	6.03%	6.56%	—
Operating Income (EBIT)
Avg YoY	-4.96%	18.17%	14.87%	12.13%	10.15%	6.91%	6.59%
Slope	-5.43%	11.00%	12.09%	11.19%	9.63%	6.80%	5.41%
CAGR	-5.17%	15.51%	11.83%	10.12%	8.36%	5.10%	5.08%
LSR	-5.17%	13.69%	14.02%	12.19%	9.87%	6.06%	4.51%
Operating Margin
Avg YoY	-14.09%	13.09%	4.21%	5.97%	4.99%	2.19%	0.07%
Slope	-15.29%	5.55%	2.82%	4.02%	4.71%	1.83%	-1.85%
CAGR	-14.12%	9.15%	0.79%	3.68%	3.08%	0.26%	-2.28%
LSR	-14.12%	7.26%	2.77%	4.19%	5.00%	1.83%	-1.12%
Interest Income
Avg YoY	10.67%	6.15%	12.29%	7.01%	5.53%	4.66%	4.62%
Slope	10.12%	6.78%	10.41%	8.05%	5.00%	4.12%	3.54%
CAGR	10.67%	5.80%	11.76%	6.41%	4.98%	4.18%	4.21%
LSR	10.67%	6.86%	11.87%	8.14%	4.52%	3.67%	3.15%
Interest Expense
Avg YoY	158.14%	56.32%	39.90%	20.07%	12.80%	10.49%	9.26%
Slope	84.77%	22.45%	14.30%	6.71%	-4.50%	-3.50%	-2.77%
CAGR	156.56%	18.20%	22.44%	6.70%	1.68%	1.44%	1.75%
LSR	156.56%	16.44%	12.61%	4.68%	-4.11%	-4.10%	-3.62%
Net Interest Income
Avg YoY	-0.24%	3.61%	10.51%	6.83%	6.93%	5.86%	5.76%
Slope	-0.40%	4.62%	9.89%	8.25%	7.19%	6.22%	5.54%
CAGR	-0.41%	3.24%	9.91%	6.33%	6.52%	5.49%	5.44%
LSR	-0.41%	4.80%	11.31%	8.51%	7.24%	6.06%	5.33%
Other Income / Expense
Avg YoY	-0.24%	3.61%	10.51%	6.83%	6.93%	5.86%	5.76%
Slope	-0.40%	4.62%	9.89%	8.25%	7.19%	6.22%	5.54%
CAGR	-0.41%	3.24%	9.91%	6.33%	6.52%	5.49%	5.44%
LSR	-0.41%	4.80%	11.31%	8.51%	7.24%	6.06%	5.33%
Unusual Items
Avg YoY	-0.24%	3.61%	10.51%	6.83%	6.93%	5.86%	5.76%
Slope	0.40%	-4.62%	-9.89%	-8.25%	-7.19%	-6.22%	-5.54%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EBT excl. Unusual
Avg YoY	-2.04%	6.99%	11.09%	7.84%	7.43%	5.71%	5.62%
Slope	-2.06%	6.63%	10.57%	9.13%	7.90%	6.39%	5.50%
CAGR	-2.05%	6.56%	10.50%	7.37%	7.06%	5.36%	5.32%
LSR	-2.05%	7.20%	12.14%	9.56%	7.98%	6.04%	5.07%
Pre-Tax Income
Avg YoY	-4.96%	18.17%	14.87%	12.13%	10.15%	6.91%	6.59%
Slope	-5.43%	11.00%	12.09%	11.19%	9.63%	6.80%	5.41%
CAGR	-5.17%	15.51%	11.83%	10.12%	8.36%	5.10%	5.08%
LSR	-5.17%	13.69%	14.02%	12.19%	9.87%	6.06%	4.51%
Pre-Tax Margin
Avg YoY	-14.09%	13.09%	4.21%	5.97%	4.99%	2.19%	0.07%
Slope	-15.29%	5.55%	2.82%	4.02%	4.71%	1.83%	-1.85%
CAGR	-14.12%	9.15%	0.79%	3.68%	3.08%	0.26%	-2.28%
LSR	-14.12%	7.26%	2.77%	4.19%	5.00%	1.83%	-1.12%
Income Tax Expense
Avg YoY	-3.12%	22.14%	14.40%	13.92%	13.94%	7.22%	6.99%
Slope	-3.62%	12.70%	8.98%	10.33%	9.92%	6.00%	3.83%
CAGR	-3.46%	18.77%	9.59%	10.73%	9.97%	3.06%	3.53%
LSR	-3.46%	16.23%	9.71%	11.76%	11.21%	5.65%	3.07%
Net Income
Avg YoY	-5.43%	17.22%	18.49%	13.88%	11.09%	8.63%	7.94%
Slope	-5.90%	10.57%	12.95%	11.43%	9.55%	7.03%	5.89%
CAGR	-5.62%	14.71%	12.52%	9.97%	8.00%	5.87%	5.66%
LSR	-5.62%	13.06%	15.66%	12.31%	9.52%	6.22%	5.02%
Net Margin
Avg YoY	-14.50%	12.13%	7.12%	7.26%	5.65%	3.66%	1.21%
Slope	-15.73%	5.13%	4.00%	4.22%	4.54%	2.09%	-1.09%
CAGR	-14.52%	8.39%	1.41%	3.53%	2.74%	1.00%	-1.75%
LSR	-14.52%	6.67%	4.25%	4.30%	4.67%	1.98%	-0.63%
Depreciation & Amortization
Avg YoY	-10.61%	-4.16%	7.52%	2.90%	0.93%	20.54%	16.51%
Slope	-11.23%	-3.80%	6.91%	4.63%	2.30%	2.52%	4.02%
CAGR	-10.61%	-4.53%	6.27%	1.86%	-0.22%	7.84%	5.82%
LSR	-10.61%	-3.86%	7.99%	4.61%	2.16%	4.32%	6.08%
EBITDA
Avg YoY	-5.40%	15.47%	13.76%	10.73%	8.49%	6.83%	6.45%
Slope	-5.87%	9.73%	11.61%	10.52%	8.77%	6.29%	5.25%
CAGR	-5.59%	13.32%	11.33%	9.11%	7.03%	5.24%	5.13%
LSR	-5.59%	11.81%	13.46%	11.28%	8.76%	5.63%	4.54%
EBITDA Margin
Avg YoY	-14.47%	10.35%	3.06%	4.54%	3.38%	2.07%	-0.09%
Slope	-15.70%	4.28%	2.33%	3.26%	3.78%	1.40%	-1.70%
CAGR	-14.49%	7.07%	0.34%	2.72%	1.82%	0.39%	-2.24%
LSR	-14.49%	5.50%	2.27%	3.34%	3.94%	1.41%	-1.09%
NOPAT
Avg YoY	-4.96%	18.17%	14.87%	12.13%	10.15%	6.91%	6.59%
Slope	-5.43%	11.00%	12.09%	11.19%	9.63%	6.80%	5.41%
CAGR	-5.17%	15.51%	11.83%	10.12%	8.36%	5.10%	5.08%
LSR	-5.17%	13.69%	14.02%	12.19%	9.87%	6.06%	4.51%
NOPAT Margin
Avg YoY	-14.09%	13.09%	4.21%	5.97%	4.99%	2.19%	0.07%
Slope	-15.29%	5.55%	2.82%	4.02%	4.71%	1.83%	-1.85%
CAGR	-14.12%	9.15%	0.79%	3.68%	3.08%	0.26%	-2.28%
LSR	-14.12%	7.26%	2.77%	4.19%	5.00%	1.83%	-1.12%
Owner's Earnings
Avg YoY	-5.05%	14.60%	18.53%	13.01%	12.26%	10.47%	9.11%
Slope	-5.43%	9.61%	13.48%	11.86%	9.74%	7.37%	6.02%
CAGR	-5.19%	12.74%	13.29%	9.38%	9.13%	6.23%	5.57%
LSR	-5.19%	11.53%	16.73%	12.81%	9.66%	6.66%	5.10%
Owner's Earnings Margin
Avg YoY	-14.13%	9.42%	6.81%	6.07%	6.36%	4.82%	1.90%
Slope	-15.24%	4.15%	4.81%	4.72%	4.73%	2.48%	-1.14%
CAGR	-14.14%	6.53%	2.10%	2.97%	3.82%	1.34%	-1.83%
LSR	-14.14%	5.22%	5.21%	4.76%	4.80%	2.40%	-0.56%
EPS (Basic)
Avg YoY	-5.37%	17.68%	14.55%	11.22%	9.46%	7.32%	6.66%
Slope	-5.83%	11.07%	9.20%	8.25%	7.17%	5.10%	4.34%
CAGR	-5.55%	15.16%	8.29%	7.17%	6.31%	4.49%	4.29%
LSR	-5.55%	13.69%	10.43%	8.55%	7.14%	4.62%	3.85%
EPS (Diluted)
Avg YoY	-5.55%	17.59%	14.51%	11.19%	9.44%	7.31%	6.64%
Slope	-6.03%	10.97%	9.16%	8.23%	7.16%	5.09%	4.34%
CAGR	-5.74%	15.05%	8.25%	7.14%	6.29%	4.47%	4.28%
LSR	-5.74%	13.56%	10.39%	8.53%	7.13%	4.61%	3.85%
Shares (Basic)
Avg YoY	-0.07%	-0.39%	4.14%	2.78%	1.73%	1.45%	1.42%
Slope	-0.07%	-0.56%	4.49%	3.47%	2.31%	1.64%	1.22%
CAGR	-0.07%	-0.40%	3.90%	2.61%	1.59%	1.33%	1.31%
LSR	-0.07%	-0.56%	4.74%	3.47%	2.22%	1.53%	1.13%
Shares (Diluted)
Avg YoY	0.13%	-0.29%	4.18%	2.80%	1.75%	1.46%	1.44%
Slope	0.13%	-0.45%	4.52%	3.48%	2.33%	1.64%	1.22%
CAGR	0.13%	-0.30%	3.95%	2.64%	1.61%	1.34%	1.32%
LSR	0.13%	-0.44%	4.78%	3.48%	2.23%	1.54%	1.13%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
ATM Service Charges and Debit Card Transactions
Avg YoY	-0.41%	3.38%	3.38%	3.38%	3.38%
Slope	-0.41%	2.51%	2.51%	2.51%	2.51%
CAGR	-0.41%	3.21%	3.21%	3.21%	3.21%
LSR	-0.41%	2.65%	2.65%	2.65%	2.65%
Deposit Account
Avg YoY	0.90%	6.02%	1.73%	1.73%	1.73%
Slope	0.83%	5.75%	-0.47%	-0.47%	-0.47%
CAGR	0.83%	5.74%	0.32%	0.32%	0.32%
LSR	0.83%	6.05%	-0.31%	-0.31%	-0.31%
Fiduciary and Trust
Avg YoY	15.50%	12.65%	7.19%	7.19%	7.19%
Slope	14.38%	11.06%	6.54%	6.54%	6.54%
CAGR	15.50%	12.48%	6.67%	6.67%	6.67%
LSR	15.50%	11.64%	6.43%	6.43%	6.43%
Mortgage Banking
Avg YoY	174.46%	76.97%	76.97%	76.97%	76.97%
Slope	-33.23%	-56.18%	-56.18%	-56.18%	-56.18%
CAGR	-21.48%	-39.88%	-39.88%	-39.88%	-39.88%
LSR	-21.48%	-55.75%	-55.75%	-55.75%	-55.75%
Financial Service, Other
Avg YoY	2.52%	2.52%	2.52%	2.52%	2.52%
Slope	2.49%	2.49%	2.49%	2.49%	2.49%
CAGR	2.52%	2.52%	2.52%	2.52%	2.52%
LSR	—	—	—	—	—

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	-44.61%	-22.18%	39.39%	29.47%	23.72%	20.34%	17.27%
Slope	-64.58%	-48.26%	11.97%	13.84%	12.62%	10.48%	8.51%
CAGR	-47.05%	-41.17%	6.61%	2.21%	3.17%	2.58%	1.19%
LSR	-47.05%	-48.32%	17.85%	13.54%	10.74%	7.56%	5.20%
Short-Term Investments
Avg YoY	-57.35%	-14.20%	1.79%	-2.33%	-2.33%	-2.33%	-2.33%
Slope	-78.69%	-17.04%	6.15%	6.07%	10.92%	11.79%	11.52%
CAGR	-82.20%	-52.08%	-22.68%	—	—	—	—
LSR	-82.20%	-44.19%	-4.48%	—	—	—	—
Cash & Short-Term Investments
Avg YoY	-57.96%	-24.31%	7.75%	63.29%	48.64%	40.07%	33.59%
Slope	-75.65%	-30.60%	8.31%	8.66%	11.52%	11.31%	10.36%
CAGR	-70.06%	-45.37%	-11.99%	4.54%	4.91%	3.95%	2.30%
LSR	-70.06%	-42.95%	3.63%	8.59%	17.71%	15.60%	12.30%
Total Current Assets
Avg YoY	-57.96%	-24.31%	7.75%	63.29%	48.64%	40.07%	33.59%
Slope	-75.65%	-30.60%	8.31%	8.66%	11.52%	11.31%	10.36%
CAGR	-70.06%	-45.37%	-11.99%	4.54%	4.91%	3.95%	2.30%
LSR	-70.06%	-42.95%	3.63%	8.59%	17.71%	15.60%	12.30%
Property, Plant & Equipment
Avg YoY	-3.65%	-5.78%	1.84%	2.87%	2.25%	7.47%	4.98%
Slope	-3.74%	-6.35%	0.54%	3.13%	3.00%	4.47%	4.93%
CAGR	-3.66%	-5.82%	1.06%	2.34%	1.84%	6.32%	3.83%
LSR	-3.66%	-6.09%	0.69%	3.40%	3.08%	5.56%	6.03%
Goodwill
Avg YoY	-0.13%	1.57%	29.04%	18.95%	16.65%	16.65%	16.65%
Slope	-0.13%	1.88%	14.41%	13.85%	13.74%	13.60%	12.77%
CAGR	-0.13%	1.51%	19.43%	12.40%	—	—	—
LSR	-0.13%	1.91%	20.36%	16.40%	—	—	—
Intangible Assets
Avg YoY	-13.01%	7.64%	37.33%	16.01%	12.38%	12.38%	12.38%
Slope	-13.86%	5.47%	16.28%	8.81%	7.82%	9.81%	10.15%
CAGR	-13.01%	2.22%	20.50%	2.82%	—	—	—
LSR	-13.01%	6.12%	25.16%	9.14%	—	—	—
Long-Term Investments
Avg YoY	15.42%	7.63%	6.20%	4.54%	3.70%	5.02%	5.96%
Slope	14.29%	7.19%	3.35%	3.89%	2.63%	2.72%	3.64%
CAGR	14.94%	6.76%	5.55%	3.89%	3.19%	4.52%	5.32%
LSR	14.94%	7.03%	3.32%	3.99%	2.55%	2.78%	4.25%
Other Non-Current Assets
Avg YoY	5.54%	13.09%	5.95%	3.92%	4.31%	9.66%	8.13%
Slope	4.99%	13.07%	5.73%	3.95%	3.04%	4.35%	0.26%
CAGR	5.25%	12.11%	5.29%	3.24%	3.49%	8.43%	-0.43%
LSR	5.25%	14.57%	5.47%	3.74%	2.85%	5.31%	1.90%
Total Non-Current Assets
Avg YoY	13.84%	7.42%	6.22%	4.50%	3.77%	5.26%	4.97%
Slope	12.95%	7.21%	3.68%	4.05%	2.81%	2.97%	3.52%
CAGR	13.51%	6.71%	5.64%	3.92%	3.32%	4.80%	4.57%
LSR	13.51%	7.13%	3.68%	4.14%	2.73%	3.07%	3.87%
Total Assets
Avg YoY	-2.73%	-1.15%	4.88%	4.25%	3.61%	5.08%	4.74%
Slope	-2.80%	-2.27%	4.61%	4.92%	4.18%	4.15%	4.44%
CAGR	-2.75%	-1.32%	4.39%	3.94%	3.35%	4.78%	4.48%
LSR	-2.75%	-2.24%	5.00%	5.13%	4.19%	4.32%	4.83%
Short-Term Debt
Avg YoY	-18.47%	-6.06%	-5.57%	0.63%	3.98%	4.34%	6.93%
Slope	-34.29%	-5.86%	-4.45%	-7.36%	-5.23%	-3.96%	0.25%
CAGR	-38.66%	-19.67%	-11.97%	-8.66%	-8.19%	-5.86%	—
LSR	-38.66%	-11.77%	-6.23%	-7.33%	-5.59%	-4.51%	—
Other Current Liabilities
Avg YoY	-9.64%	-4.12%	4.51%	4.28%	3.99%	4.88%	4.34%
Slope	-10.55%	-6.01%	4.42%	5.26%	4.90%	4.66%	4.64%
CAGR	-9.83%	-4.55%	3.69%	3.72%	3.57%	4.49%	4.01%
LSR	-9.83%	-5.98%	4.83%	5.53%	5.02%	4.79%	4.86%
Total Current Liabilities
Avg YoY	-10.18%	-4.37%	4.14%	3.95%	3.60%	4.50%	4.39%
Slope	-11.01%	-6.01%	4.22%	4.84%	4.49%	4.24%	4.44%
CAGR	-10.28%	-4.76%	3.36%	3.41%	3.17%	4.09%	4.04%
LSR	-10.28%	-6.00%	4.59%	5.05%	4.57%	4.34%	4.74%
Long-Term Debt
Avg YoY	373.73%	169.69%	69.47%	44.67%	31.38%	30.40%	30.40%
Slope	73.05%	49.20%	7.10%	2.29%	-1.97%	1.34%	4.27%
CAGR	226.41%	46.38%	10.12%	5.79%	2.21%	—	—
LSR	226.41%	60.32%	0.43%	-1.48%	-3.79%	—	—
Capital Lease Obligations
Avg YoY	-5.91%	-2.39%	-7.26%	-7.26%	-7.26%	-7.26%	-7.26%
Slope	-7.13%	-4.25%	21.44%	22.87%	20.36%	17.82%	15.71%
CAGR	-6.62%	-2.83%	—	—	—	—	—
LSR	-6.62%	-4.24%	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	31.10%	14.22%	9.90%	-43.35%	-28.98%	-20.85%	-17.12%
Slope	22.32%	14.18%	6.79%	21.94%	6.90%	5.14%	-0.53%
CAGR	27.69%	11.39%	8.48%	5.92%	5.54%	5.73%	0.32%
LSR	27.69%	14.63%	6.59%	—	—	—	—
Total Non-Current Liabilities
Avg YoY	226.65%	100.95%	40.61%	31.02%	21.53%	85.02%	70.49%
Slope	65.83%	43.10%	7.27%	4.23%	-1.06%	1.77%	3.75%
CAGR	158.47%	39.45%	10.08%	5.88%	2.49%	17.01%	9.10%
LSR	158.47%	50.13%	2.34%	2.09%	-2.11%	5.66%	7.48%
Total Liabilities
Avg YoY	-4.34%	-1.84%	4.60%	4.05%	3.36%	5.03%	4.73%
Slope	-4.48%	-3.02%	4.42%	4.80%	4.03%	4.04%	4.39%
CAGR	-4.36%	-2.03%	4.06%	3.70%	3.07%	4.68%	4.43%
LSR	-4.36%	-3.00%	4.79%	5.01%	4.03%	4.22%	4.81%
Common Stock
Avg YoY	0.48%	0.80%	0.43%	0.29%	1.08%	0.79%	0.53%
Slope	0.48%	0.96%	0.17%	0.19%	0.46%	0.66%	0.62%
CAGR	0.48%	0.80%	0.38%	0.26%	1.03%	0.74%	0.49%
LSR	0.48%	0.96%	0.18%	0.19%	0.47%	0.68%	0.63%
Retained Earnings
Avg YoY	9.87%	12.53%	6.81%	6.51%	5.45%	5.76%	5.70%
Slope	9.40%	11.84%	6.17%	5.54%	5.10%	4.72%	4.77%
CAGR	9.87%	12.47%	6.43%	6.27%	5.25%	5.58%	5.52%
LSR	9.87%	12.81%	6.10%	5.58%	5.13%	4.78%	5.03%
Accumulated OCI
Avg YoY	-15.00%	139.96%	62.06%	-168.10%	-31.88%	-18.41%	-23.26%
Slope	17.09%	-33.74%	-24.17%	-24.05%	-17.50%	-16.76%	-15.09%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	16.67%	7.87%	4.69%	4.38%	4.35%	4.27%	4.22%
Slope	15.14%	6.65%	3.25%	3.21%	3.47%	3.32%	3.49%
CAGR	16.61%	7.25%	4.19%	4.06%	4.11%	4.04%	4.01%
LSR	16.61%	6.62%	3.19%	3.22%	3.57%	3.41%	3.68%
Total Equity
Avg YoY	16.67%	7.87%	4.69%	4.38%	4.35%	4.27%	4.22%
Slope	15.14%	6.65%	3.25%	3.21%	3.47%	3.32%	3.49%
CAGR	16.61%	7.25%	4.19%	4.06%	4.11%	4.04%	4.01%
LSR	16.61%	6.62%	3.19%	3.22%	3.57%	3.41%	3.68%
Total Liabilities & Equity
Avg YoY	-2.85%	-1.15%	4.50%	4.01%	3.39%	4.91%	4.63%
Slope	-2.92%	-2.30%	4.33%	4.67%	3.98%	3.98%	4.31%
CAGR	-2.86%	-1.32%	4.07%	3.73%	3.16%	4.62%	4.38%
LSR	-2.86%	-2.28%	4.66%	4.86%	4.00%	4.15%	4.71%
Tangible Assets
Avg YoY	-2.74%	-1.20%	4.68%	4.15%	3.48%	4.98%	4.66%
Slope	-2.81%	-2.37%	4.45%	4.80%	4.07%	4.05%	4.36%
CAGR	-2.75%	-1.38%	4.21%	3.85%	3.23%	4.68%	4.40%
LSR	-2.75%	-2.34%	4.80%	5.00%	4.08%	4.22%	4.74%
Tangible Equity
Avg YoY	25.68%	11.23%	3.60%	4.03%	3.54%	3.63%	3.69%
Slope	22.10%	8.31%	0.14%	1.07%	1.77%	1.84%	2.28%
CAGR	25.49%	9.42%	1.85%	2.90%	2.60%	2.85%	3.02%
LSR	25.49%	8.18%	-0.04%	1.00%	1.78%	1.86%	2.41%
Tangible Book Value
Avg YoY	25.68%	11.23%	3.60%	4.03%	3.54%	3.63%	3.69%
Slope	22.10%	8.31%	0.14%	1.07%	1.77%	1.84%	2.28%
CAGR	25.49%	9.42%	1.85%	2.90%	2.60%	2.85%	3.02%
LSR	25.49%	8.18%	-0.04%	1.00%	1.78%	1.86%	2.41%
Total Investments
Avg YoY	-0.58%	2.39%	4.49%	4.18%	3.44%	4.82%	5.79%
Slope	-0.58%	2.96%	3.77%	4.21%	3.61%	3.64%	4.39%
CAGR	-0.58%	2.10%	4.15%	3.95%	3.24%	4.56%	5.35%
LSR	-0.58%	3.04%	3.95%	4.38%	3.63%	3.81%	5.13%
Net Debt
Avg YoY	-132.28%	-60.12%	212.45%	141.44%	102.53%	91.22%	40.99%
Slope	157.55%	152.74%	-96.11%	-47.17%	-21.56%	-11.17%	-3.57%
CAGR	—	—	6.22%	3.56%	0.05%	7.30%	—
LSR	—	—	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	8.21%	5.59%	5.68%	4.06%	3.65%	4.59%	4.56%
Slope	-7.08%	-4.46%	-2.92%	-3.73%	-2.84%	-2.79%	-3.31%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Capital
Avg YoY	39.53%	17.04%	8.67%	6.23%	4.15%	7.53%	9.03%
Slope	27.99%	15.42%	5.44%	2.94%	1.24%	2.16%	3.82%
CAGR	36.02%	13.39%	6.75%	4.57%	2.65%	5.76%	7.28%
LSR	36.02%	15.71%	4.84%	2.55%	0.98%	2.45%	5.39%
Capital Employed
Avg YoY	46.29%	19.86%	10.63%	8.05%	5.79%	11.14%	9.12%
Slope	32.93%	17.33%	6.66%	5.29%	2.70%	3.69%	4.40%
CAGR	43.38%	15.69%	8.44%	5.88%	3.98%	8.13%	6.36%
LSR	43.38%	17.54%	5.94%	5.01%	2.34%	4.37%	5.28%
Invested Capital
Avg YoY	119.46%	196.12%	70.93%	47.30%	34.26%	31.93%	31.35%
Slope	50.88%	134.01%	0.46%	-2.62%	-3.03%	-0.66%	2.17%
CAGR	92.26%	—	6.76%	4.83%	2.61%	6.20%	9.16%
LSR	92.26%	—	—	—	—	—	—

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	-5.55%	17.59%	14.51%	11.19%	9.44%	7.31%	6.64%
Slope	-6.03%	10.97%	9.16%	8.23%	7.16%	5.09%	4.34%
CAGR	-5.74%	15.05%	8.25%	7.14%	6.29%	4.47%	4.28%
LSR	-5.74%	13.56%	10.39%	8.53%	7.13%	4.61%	3.85%
Depreciation & Amortization
Avg YoY	-10.72%	-3.78%	2.82%	-0.23%	-1.08%	18.90%	14.94%
Slope	-11.36%	-3.37%	2.82%	1.09%	-0.14%	0.81%	2.78%
CAGR	-10.73%	-4.25%	2.23%	-0.76%	-1.80%	6.41%	4.44%
LSR	-10.73%	-3.44%	3.07%	1.09%	-0.06%	2.74%	4.89%
Deferred Income Tax
Avg YoY	—	100.00%	-14.43%	-20.28%	-13.94%	-19.19%	-37.87%
Slope	—	100.00%	-45.17%	-9.48%	3.47%	22.31%	22.95%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	31.58%	38.28%	46.60%	46.60%	46.60%	46.60%	46.60%
Slope	26.62%	30.85%	27.41%	25.51%	21.84%	18.77%	16.37%
CAGR	31.46%	31.46%	—	—	—	—	—
LSR	31.46%	38.11%	—	—	—	—	—
Change in Working Capital
Avg YoY	2,101.26%	1,041.21%	535.28%	367.79%	176.85%	128.00%	32.35%
Slope	520.44%	184.85%	-10.46%	49.06%	290.84%	29.63%	16.94%
CAGR	—	—	7.30%	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	53.67%	23.70%	-115.75%	-91.58%	-85.43%	-85.43%	4.58%
Slope	72.38%	7.40%	-6.44%	-27.88%	-69.79%	-49.44%	-124.17%
CAGR	-72.08%	-48.95%	1.72%	—	—	—	—
LSR	-72.08%	—	—	—	—	—	—
Accounts Payable
Avg YoY	689.88%	370.04%	336.03%	219.27%	196.75%	196.75%	151.61%
Slope	84.80%	257.41%	6.83%	95.21%	23.93%	10.50%	-4.07%
CAGR	—	—	32.66%	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Working Capital
Avg YoY	544.04%	214.02%	388.83%	282.60%	57.73%	33.69%	1.28%
Slope	300.55%	47.88%	-7.90%	35.52%	158.55%	37.42%	21.29%
CAGR	—	36.60%	6.02%	—	9.34%	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-60.19%	-31.20%	2.46%	31.05%	30.99%	-865.36%	-699.02%
Slope	-229.20%	-59.38%	52.04%	-8.79%	-2.92%	3.44%	4.73%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	0.64%	15.12%	11.49%	17.35%	17.16%	22.24%	20.90%
Slope	0.60%	7.67%	8.43%	7.09%	6.59%	6.72%	5.71%
CAGR	0.61%	12.13%	7.72%	8.42%	5.11%	4.43%	4.97%
LSR	0.61%	9.41%	9.62%	7.76%	7.13%	—	—
Capital Expenditures (PPE)
Avg YoY	26.74%	-3.30%	5.48%	-2.73%	0.69%	-34.19%	-38.09%
Slope	32.54%	4.04%	10.95%	6.28%	4.13%	2.62%	-1.42%
CAGR	-27.29%	-1.88%	-9.94%	-3.44%	-8.81%	0.31%	—
LSR	-27.29%	-4.21%	-10.54%	-6.72%	-4.10%	-1.86%	—
Acquisitions (Net)
Avg YoY	98.82%	32.55%	667.20%	388.79%	243.79%	243.79%	243.79%
Slope	146.55%	-128.64%	-6.56%	11.36%	29.38%	23.59%	19.71%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	92.06%	35.18%	-17.42%	-14.67%	-114.62%	-106.01%	-88.26%
Slope	129.44%	37.90%	-7.28%	-4.44%	-2.60%	4.67%	1.66%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	38.42%	10.46%	26.14%	12.87%	43.74%	57.36%	43.56%
Slope	-3.61%	-3.64%	7.76%	0.96%	-3.18%	-5.20%	-2.09%
CAGR	-5.30%	-12.97%	1.76%	-4.05%	-2.23%	4.75%	-1.78%
LSR	-5.30%	-6.86%	6.94%	0.07%	-2.02%	-2.71%	-0.93%
Other Investing Activities
Avg YoY	13.05%	111.26%	42.73%	12.18%	-2.97%	-37.94%	273.41%
Slope	16.81%	-148.00%	11.79%	4.07%	4.12%	0.58%	-3.03%
CAGR	-17.32%	12.28%	-3.29%	3.29%	-1.84%	4.45%	16.38%
LSR	-17.32%	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	10.18%	-122.09%	-179.22%	-162.68%	-110.02%	-90.96%	-102.15%
Slope	159.67%	25.48%	4.19%	-2.48%	-6.70%	0.84%	-2.57%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	1,368.41%	693.66%	371.48%	233.44%	167.45%	161.24%	148.14%
Slope	19.25%	86.72%	76.93%	59.55%	274.16%	-0.85%	1.73%
CAGR	—	—	—	—	—	-1.37%	—
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	654.26%	337.27%	211.46%	70.27%	67.19%	159.85%	129.80%
Slope	49.98%	98.72%	63.95%	42.64%	74.27%	4.80%	2.85%
CAGR	—	—	—	28.80%	—	12.07%	3.58%
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-127.23%	-26.73%	81.37%	22.95%	-201.05%	-184.15%	51.17%
Slope	-370.60%	-210.22%	-17.80%	-4.24%	-2.30%	-169.60%	-10.58%
CAGR	—	—	11.95%	4.12%	9.24%	—	-0.20%
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	95.79%	-100.75%	-40.86%	-22.08%	-10.15%	2.72%	-21.26%
Slope	129.84%	-7.49%	-92.31%	-134.44%	-47.12%	6.90%	4.73%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	-20.16%	245.78%	113.16%	84.55%	84.55%	84.55%	84.55%
Slope	-23.46%	-2.16%	-4.25%	3.54%	9.50%	10.88%	10.89%
CAGR	-22.98%	-15.05%	-5.52%	—	—	—	—
LSR	-22.98%	12.77%	-7.05%	—	—	—	—
Common Stock Repurchased
Avg YoY	78.73%	-64.45%	-64.45%	-64.45%	-11.73%	-11.73%	-24.32%
Slope	107.80%	-4.97%	-31.51%	-27.32%	-19.12%	-17.04%	-11.38%
CAGR	-80.72%	—	—	—	—	—	0.78%
LSR	-80.72%	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	-8.28%	-5.74%	-5.22%	-3.72%	-2.58%	-2.21%	-5.71%
Slope	-7.98%	-5.52%	-5.12%	-3.75%	-2.54%	-1.46%	-0.81%
CAGR	8.26%	5.70%	5.13%	3.65%	2.50%	1.96%	2.57%
LSR	8.26%	5.58%	5.24%	3.70%	2.41%	1.35%	0.89%
Common Dividends Paid
Avg YoY	-8.28%	-5.74%	-5.22%	-3.72%	-2.58%	-2.21%	-5.71%
Slope	-7.98%	-5.52%	-5.12%	-3.75%	-2.54%	-1.46%	-0.81%
CAGR	8.26%	5.70%	5.13%	3.65%	2.50%	1.96%	2.57%
LSR	8.26%	5.58%	5.24%	3.70%	2.41%	1.35%	0.89%
Other Financing Activities
Avg YoY	15.78%	-51.32%	22.06%	32.90%	133.35%	574.57%	530.24%
Slope	37.51%	-18,451.04%	-83.92%	-24.95%	-9.07%	-6.50%	-1.40%
CAGR	-44.86%	—	—	—	—	—	—
LSR	-44.86%	—	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	49.12%	-42.33%	53.59%	198.60%	103.97%	102.26%	101.76%
Slope	60.47%	-585.11%	-54.24%	-14.00%	-0.35%	-6.49%	-0.96%
CAGR	-50.65%	—	—	—	—	—	—
LSR	-50.65%	—	—	—	—	—	—
Net Change in Cash
Avg YoY	81.45%	-26.87%	1,038.09%	464.35%	352.59%	301.05%	270.13%
Slope	118.48%	-644.00%	-420.44%	-208.40%	-101.11%	-100.76%	-35.92%
CAGR	-81.45%	—	—	—	—	—	—
LSR	-81.45%	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-68.58%	47.75%	43.93%	32.73%	25.24%	19.49%	20.77%
Slope	-102.42%	-10.93%	22.00%	17.67%	14.58%	11.20%	9.19%
CAGR	-69.56%	-12.59%	10.05%	4.68%	4.10%	1.27%	4.38%
LSR	-69.56%	-17.48%	31.39%	16.23%	11.49%	7.08%	5.36%
Cash at End of Period
Avg YoY	-44.61%	-22.18%	39.39%	29.47%	23.72%	19.04%	16.49%
Slope	-64.58%	-48.26%	11.97%	13.84%	12.62%	10.36%	8.37%
CAGR	-47.05%	-41.17%	6.61%	2.21%	3.17%	1.55%	1.18%
LSR	-47.05%	-48.32%	17.85%	13.54%	10.74%	7.28%	4.97%
Operating Cash Flow
Avg YoY	0.64%	15.12%	11.49%	17.35%	17.16%	22.24%	20.90%
Slope	0.60%	7.67%	8.43%	7.09%	6.59%	6.72%	5.71%
CAGR	0.61%	12.13%	7.72%	8.42%	5.11%	4.43%	4.97%
LSR	0.61%	9.41%	9.62%	7.76%	7.13%	—	—
Capital Expenditure
Avg YoY	26.74%	-3.30%	5.48%	-2.73%	0.69%	-34.19%	-38.09%
Slope	32.54%	4.04%	10.95%	6.28%	4.13%	2.62%	-1.42%
CAGR	-27.29%	-1.88%	-9.94%	-3.44%	-8.81%	0.31%	—
LSR	-27.29%	-4.21%	-10.54%	-6.72%	-4.10%	-1.86%	—
Free Cash Flow
Avg YoY	1.82%	15.65%	13.63%	21.68%	23.43%	38.88%	34.47%
Slope	1.73%	8.10%	9.65%	8.29%	7.77%	7.99%	6.23%
CAGR	1.77%	12.62%	8.98%	9.24%	7.46%	4.61%	4.88%
LSR	1.77%	9.90%	11.38%	9.25%	8.55%	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	-1.16%	9.39%	7.69%	5.97%	4.83%	4.96%	21.14%
Slope	-1.37%	7.64%	6.58%	6.09%	5.04%	4.06%	6.17%
CAGR	-1.33%	8.76%	6.87%	5.40%	4.20%	4.32%	—
LSR	-1.33%	8.42%	7.10%	6.29%	4.98%	3.91%	—
(-) Tax Adjustment
Avg YoY	0.74%	12.63%	8.43%	8.42%	8.91%	5.16%	21.39%
Slope	0.46%	9.61%	3.24%	5.41%	5.71%	3.57%	5.85%
CAGR	0.45%	11.83%	4.73%	5.99%	5.75%	2.29%	—
LSR	0.45%	10.84%	3.50%	5.88%	6.21%	3.45%	—
Change In Working Capital
Avg YoY	2,101.26%	1,041.21%	535.28%	367.79%	176.85%	128.00%	32.35%
Slope	520.44%	184.85%	-10.46%	49.06%	290.84%	29.63%	16.94%
CAGR	—	—	7.30%	—	9.91%	5.06%	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	26.74%	-3.30%	5.48%	-2.73%	0.69%	-34.19%	-38.09%
Slope	32.54%	4.04%	10.95%	6.28%	4.13%	2.62%	-1.42%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-10.70%	5.59%	11.95%	5.61%	7.44%	11.10%	25.74%
Slope	-11.39%	4.58%	9.29%	6.27%	4.62%	3.32%	5.55%
CAGR	-10.72%	3.83%	8.57%	2.86%	4.59%	5.28%	—
LSR	-10.72%	5.03%	10.88%	6.24%	4.38%	3.21%	—
Net Interest After Taxes
Avg YoY	-0.81%	3.36%	7.28%	4.10%	5.06%	5.36%	5.06%
Slope	-0.99%	4.51%	6.79%	4.99%	4.57%	4.52%	4.49%
CAGR	-1.00%	2.82%	6.39%	3.45%	4.48%	4.86%	4.63%
LSR	-1.00%	4.69%	7.48%	4.97%	4.61%	4.65%	4.69%
Net Debt Issuance
Avg YoY	1,368.41%	693.66%	371.48%	233.44%	167.45%	161.24%	148.14%
Slope	19.25%	86.72%	76.93%	59.55%	274.16%	-0.85%	1.73%
CAGR	—	—	—	—	—	-1.37%	—
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	601.41%	315.37%	83.53%	45.28%	15.05%	16.34%	0.57%
Slope	14.44%	154.84%	356.08%	61.05%	22.80%	-97.12%	-3.21%
CAGR	—	—	—	—	—	-11.71%	—
LSR	—	—	—	—	—	—	—