First Commonwealth Financial Corporation (FCF)

Analysis: Growth Rates Industry: Banks - Regional Sector: Financial Services Live Price: $17.47

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	10.06%	13.51%	10.14%	9.10%	6.14%	6.15%	6.67%
Slope	9.53%	7.78%	3.83%	6.42%	2.94%	1.20%	0.66%
CAGR	10.05%	11.52%	7.17%	6.42%	1.43%	2.22%	2.30%
LSR	10.05%	8.75%	4.15%	7.36%	3.20%	1.17%	0.59%
Market Capitalization
Avg YoY	10.07%	13.81%	10.20%	9.08%	6.12%	6.12%	6.64%
Slope	9.53%	8.18%	3.80%	6.47%	2.93%	1.20%	0.64%
CAGR	10.06%	11.91%	7.19%	6.40%	1.41%	2.21%	2.29%
LSR	10.06%	9.21%	4.12%	7.42%	3.18%	1.16%	0.57%
(-) Cash & Equivalents
Avg YoY	-10.85%	-17.20%	21.43%	14.50%	8.54%	5.87%	5.41%
Slope	-11.53%	-30.28%	6.99%	8.35%	4.40%	1.89%	0.24%
CAGR	-10.86%	-22.66%	5.93%	4.04%	0.36%	-0.80%	-0.94%
LSR	-10.86%	-26.69%	8.04%	8.22%	3.28%	0.89%	-0.44%
(+) Total Debt
Avg YoY	-12.91%	10.95%	-8.73%	6.59%	0.30%	1.74%	9.39%
Slope	-22.48%	8.16%	-14.75%	-3.38%	-6.49%	-6.09%	-2.87%
CAGR	-24.57%	-1.64%	-16.93%	-1.60%	-9.21%	-6.33%	0.55%
LSR	-24.57%	7.28%	-12.55%	-3.48%	-6.46%	-6.58%	-2.94%
Enterprise Value
Avg YoY	3.32%	17.04%	-0.92%	7.00%	0.99%	2.33%	6.27%
Slope	1.88%	13.70%	-3.59%	2.14%	-1.82%	-2.78%	-1.19%
CAGR	2.01%	15.33%	-3.50%	4.27%	-2.84%	-1.08%	2.26%
LSR	2.01%	16.31%	-3.34%	2.84%	-1.32%	-2.52%	-0.95%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	28.92%	16.52%	12.11%	6.55%	4.18%	3.59%	5.34%
Slope	23.17%	16.35%	9.84%	6.40%	2.79%	1.96%	1.96%
CAGR	27.76%	15.32%	11.37%	5.80%	3.52%	2.98%	4.67%
LSR	27.76%	17.20%	9.99%	5.97%	2.29%	1.56%	1.75%
Cost of Revenue
Avg YoY	183.65%	115.46%	68.07%	35.71%	25.96%	19.93%	19.41%
Slope	70.84%	42.31%	22.06%	6.60%	-3.36%	-3.41%	-2.43%
CAGR	154.09%	29.32%	26.35%	5.21%	2.84%	1.28%	3.74%
LSR	154.09%	56.73%	17.96%	2.75%	-4.96%	-5.11%	-4.06%
Gross Profit
Avg YoY	7.98%	10.78%	8.12%	6.73%	4.80%	5.07%	6.10%
Slope	6.79%	9.17%	7.10%	6.35%	4.97%	4.21%	4.04%
CAGR	7.32%	10.05%	7.47%	6.16%	3.95%	4.37%	5.33%
LSR	7.32%	10.03%	7.52%	6.55%	4.86%	4.05%	4.01%
Gross Margin
Avg YoY	-15.98%	-3.23%	-2.86%	1.00%	1.31%	2.12%	1.32%
Slope	-17.48%	-5.98%	-2.06%	0.51%	2.29%	2.32%	2.18%
CAGR	-16.00%	-4.56%	-3.51%	0.34%	0.41%	1.34%	0.63%
LSR	-16.00%	-6.12%	-2.25%	0.54%	2.52%	2.45%	2.22%
SG&A Expenses
Avg YoY	9.73%	5.70%	5.07%	3.34%	4.43%	4.97%	5.89%
Slope	8.96%	6.36%	4.44%	3.16%	3.34%	3.92%	4.24%
CAGR	9.57%	5.51%	4.86%	3.16%	4.20%	4.77%	5.61%
LSR	9.57%	6.47%	4.52%	3.10%	3.46%	4.27%	4.75%
Operating Expenses
Avg YoY	8.92%	6.08%	6.10%	3.63%	3.86%	5.08%	6.07%
Slope	8.00%	6.91%	5.52%	3.50%	2.80%	3.09%	3.52%
CAGR	8.58%	5.83%	5.74%	3.33%	3.38%	4.26%	5.21%
LSR	8.58%	7.10%	5.71%	3.41%	2.77%	3.24%	3.89%
Operating Income (EBIT)
Avg YoY	6.77%	24.45%	15.01%	28.81%	1.42%	3.00%	4.96%
Slope	5.04%	12.56%	9.68%	11.91%	9.75%	6.67%	5.12%
CAGR	5.48%	18.56%	10.77%	15.67%	4.96%	4.53%	5.52%
LSR	5.48%	16.13%	10.69%	16.27%	—	—	—
Operating Margin
Avg YoY	-17.42%	10.25%	3.54%	22.85%	-3.97%	-1.53%	-1.16%
Slope	-18.91%	-1.95%	0.84%	6.45%	6.89%	4.43%	2.80%
CAGR	-17.44%	2.81%	-0.54%	9.33%	1.38%	1.50%	0.81%
LSR	-17.44%	-0.91%	0.64%	9.72%	—	—	—
Interest Income
Avg YoY	36.85%	20.87%	14.17%	7.13%	4.52%	3.70%	5.25%
Slope	27.78%	20.25%	11.16%	6.73%	2.36%	1.43%	1.37%
CAGR	34.85%	18.79%	12.91%	5.90%	3.49%	2.75%	4.32%
LSR	34.85%	21.69%	11.13%	6.05%	1.76%	0.96%	1.06%
Interest Expense
Avg YoY	383.72%	182.45%	94.20%	52.10%	35.09%	27.22%	25.38%
Slope	79.70%	58.62%	27.20%	12.69%	-3.50%	-4.51%	-3.50%
CAGR	253.49%	61.05%	34.29%	9.57%	2.50%	1.00%	3.47%
LSR	253.49%	83.25%	22.74%	6.41%	-5.14%	-6.42%	-5.57%
Net Interest Income
Avg YoY	10.69%	9.32%	8.48%	4.69%	4.47%	4.59%	5.32%
Slope	9.17%	10.00%	7.76%	5.51%	4.22%	3.81%	3.61%
CAGR	10.02%	8.94%	8.22%	4.38%	4.17%	4.30%	4.93%
LSR	10.02%	10.56%	8.13%	5.38%	4.01%	3.66%	3.57%
Other Income / Expense
Avg YoY	10.69%	9.32%	8.48%	4.69%	4.47%	4.59%	5.32%
Slope	9.17%	10.00%	7.76%	5.51%	4.22%	3.81%	3.61%
CAGR	10.02%	8.94%	8.22%	4.38%	4.17%	4.30%	4.93%
LSR	10.02%	10.56%	8.13%	5.38%	4.01%	3.66%	3.57%
Unusual Items
Avg YoY	10.69%	9.32%	8.48%	4.69%	4.47%	4.59%	5.32%
Slope	-9.17%	-10.00%	-7.76%	-5.51%	-4.22%	-3.81%	-3.61%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EBT excl. Unusual
Avg YoY	9.36%	12.33%	9.62%	7.13%	5.71%	5.44%	6.22%
Slope	7.80%	10.84%	8.38%	7.39%	5.73%	4.59%	4.03%
CAGR	8.50%	11.60%	8.98%	6.50%	4.41%	4.37%	5.11%
LSR	8.50%	11.97%	8.94%	7.60%	5.56%	4.27%	3.77%
Pre-Tax Income
Avg YoY	6.77%	24.45%	15.01%	28.81%	1.42%	3.00%	4.96%
Slope	5.04%	12.56%	9.68%	11.91%	9.75%	6.67%	5.12%
CAGR	5.48%	18.56%	10.77%	15.67%	4.96%	4.53%	5.52%
LSR	5.48%	16.13%	10.69%	16.27%	—	—	—
Pre-Tax Margin
Avg YoY	-17.42%	10.25%	3.54%	22.85%	-3.97%	-1.53%	-1.16%
Slope	-18.91%	-1.95%	0.84%	6.45%	6.89%	4.43%	2.80%
CAGR	-17.44%	2.81%	-0.54%	9.33%	1.38%	1.50%	0.81%
LSR	-17.44%	-0.91%	0.64%	9.72%	—	—	—
Income Tax Expense
Avg YoY	7.26%	28.35%	16.06%	-288.15%	-246.26%	-186.64%	-152.88%
Slope	5.04%	13.70%	3.44%	10.07%	11.61%	7.95%	4.89%
CAGR	5.52%	20.76%	6.14%	42.97%	5.34%	3.88%	3.82%
LSR	5.52%	18.15%	3.99%	—	—	—	—
Net Income
Avg YoY	6.65%	23.56%	18.69%	23.45%	-3.20%	-0.97%	2.11%
Slope	5.05%	12.28%	11.56%	12.46%	9.25%	6.34%	5.19%
CAGR	5.46%	18.04%	12.31%	13.93%	4.86%	4.71%	6.11%
LSR	5.46%	15.65%	13.43%	15.66%	—	—	—
Net Margin
Avg YoY	-17.44%	9.42%	6.77%	17.08%	-9.00%	-5.76%	-4.28%
Slope	-18.97%	-2.27%	3.02%	6.96%	6.35%	4.03%	2.90%
CAGR	-17.45%	2.36%	0.84%	7.68%	1.29%	1.68%	1.38%
LSR	-17.45%	-1.32%	3.13%	9.14%	—	—	—
Depreciation & Amortization
Avg YoY	-11.26%	-8.02%	2.02%	0.69%	2.62%	4.00%	4.77%
Slope	-35.86%	-22.18%	-1.37%	-1.94%	-0.75%	0.18%	0.82%
CAGR	-26.58%	-16.41%	-3.23%	-4.42%	-3.55%	-1.13%	0.38%
LSR	-26.58%	-21.81%	-2.71%	-2.59%	-1.06%	-0.08%	0.69%
EBITDA
Avg YoY	4.65%	20.72%	13.30%	20.04%	-5.35%	-2.55%	0.17%
Slope	3.55%	10.77%	9.01%	10.77%	8.74%	6.02%	4.69%
CAGR	3.78%	15.92%	9.90%	12.83%	4.32%	4.17%	5.17%
LSR	3.78%	13.56%	9.96%	13.70%	—	—	—
EBITDA Margin
Avg YoY	-18.77%	6.94%	2.08%	14.19%	-10.73%	-7.06%	-5.91%
Slope	-20.67%	-3.74%	0.24%	5.25%	5.92%	3.86%	2.46%
CAGR	-18.77%	0.52%	-1.32%	6.64%	0.76%	1.15%	0.48%
LSR	-18.77%	-3.11%	-0.03%	7.30%	—	—	—
NOPAT
Avg YoY	6.77%	24.45%	15.01%	28.81%	1.42%	3.00%	4.96%
Slope	5.04%	12.56%	9.68%	11.91%	9.75%	6.67%	5.12%
CAGR	5.48%	18.56%	10.77%	15.67%	4.96%	4.53%	5.52%
LSR	5.48%	16.13%	10.69%	16.27%	—	—	—
NOPAT Margin
Avg YoY	-17.42%	10.25%	3.54%	22.85%	-3.97%	-1.53%	-1.16%
Slope	-18.91%	-1.95%	0.84%	6.45%	6.89%	4.43%	2.80%
CAGR	-17.44%	2.81%	-0.54%	9.33%	1.38%	1.50%	0.81%
LSR	-17.44%	-0.91%	0.64%	9.72%	—	—	—
Owner's Earnings
Avg YoY	2.24%	18.92%	16.61%	20.25%	-8.09%	-4.87%	-1.35%
Slope	1.95%	8.97%	10.65%	11.64%	9.05%	6.12%	5.00%
CAGR	2.01%	14.40%	10.76%	11.53%	4.77%	4.42%	5.71%
LSR	2.01%	11.37%	12.39%	14.34%	—	—	—
Owner's Earnings Margin
Avg YoY	-19.97%	5.76%	5.22%	14.16%	-13.94%	-9.66%	-7.66%
Slope	-22.80%	-5.49%	2.22%	6.19%	6.22%	3.89%	2.76%
CAGR	-20.15%	-0.79%	-0.55%	5.41%	1.20%	1.40%	0.99%
LSR	-20.15%	-4.98%	2.18%	7.90%	—	—	—
EPS (Basic)
Avg YoY	1.70%	22.19%	17.10%	23.77%	-2.42%	-1.14%	1.40%
Slope	1.03%	10.31%	10.68%	12.09%	7.47%	3.50%	2.05%
CAGR	1.08%	16.33%	10.63%	13.20%	2.79%	2.25%	3.09%
LSR	1.08%	13.46%	12.21%	15.44%	—	—	—
EPS (Diluted)
Avg YoY	1.71%	22.52%	17.11%	23.22%	-2.84%	-1.42%	1.16%
Slope	1.04%	10.68%	10.67%	12.15%	7.47%	3.49%	2.03%
CAGR	1.08%	16.73%	10.65%	13.18%	2.77%	2.24%	3.08%
LSR	1.08%	13.94%	12.17%	15.51%	—	—	—
Shares (Basic)
Avg YoY	4.42%	1.55%	1.60%	0.77%	2.17%	2.55%	3.26%
Slope	4.19%	1.94%	1.07%	0.19%	1.49%	2.25%	2.61%
CAGR	4.34%	1.47%	1.52%	0.64%	2.02%	2.41%	2.94%
LSR	4.34%	1.94%	1.09%	0.19%	1.62%	2.46%	2.89%
Shares (Diluted)
Avg YoY	4.41%	1.21%	1.59%	0.80%	2.19%	2.56%	3.28%
Slope	4.19%	1.51%	1.10%	0.12%	1.50%	2.26%	2.63%
CAGR	4.34%	1.12%	1.50%	0.66%	2.04%	2.42%	2.95%
LSR	4.34%	1.51%	1.12%	0.13%	1.63%	2.48%	2.91%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	-10.85%	-17.20%	21.43%	14.50%	8.54%	5.87%	5.41%
Slope	-11.53%	-30.28%	6.99%	8.35%	4.40%	1.89%	0.24%
CAGR	-10.86%	-22.66%	5.93%	4.04%	0.36%	-0.80%	-0.94%
LSR	-10.86%	-26.69%	8.04%	8.22%	3.28%	0.89%	-0.44%
Short-Term Investments
Avg YoY	17.71%	9.49%	2.97%	1.89%	1.89%	1.89%	1.89%
Slope	15.86%	4.73%	1.84%	1.08%	8.12%	10.00%	10.28%
CAGR	17.57%	7.20%	1.38%	—	—	—	—
LSR	17.57%	4.87%	1.78%	—	—	—	—
Cash & Short-Term Investments
Avg YoY	13.36%	3.81%	3.56%	106.14%	76.06%	59.32%	49.65%
Slope	12.29%	-2.26%	2.66%	2.03%	7.52%	8.40%	7.89%
CAGR	13.29%	0.78%	1.77%	22.29%	13.04%	9.01%	7.10%
LSR	13.29%	-2.03%	2.65%	6.63%	15.27%	13.25%	10.15%
Total Current Assets
Avg YoY	13.36%	3.81%	3.56%	106.14%	76.06%	59.32%	49.65%
Slope	12.29%	-2.26%	2.66%	2.03%	7.52%	8.40%	7.89%
CAGR	13.29%	0.78%	1.77%	22.29%	13.04%	9.01%	7.10%
LSR	13.29%	-2.03%	2.65%	6.63%	15.27%	13.25%	10.15%
Property, Plant & Equipment
Avg YoY	-3.74%	-3.01%	7.35%	4.70%	2.59%	2.56%	2.97%
Slope	-3.80%	-3.01%	5.74%	5.52%	2.40%	1.84%	1.62%
CAGR	-3.74%	-3.01%	5.36%	3.32%	1.39%	1.60%	1.85%
LSR	-3.74%	-2.99%	6.60%	5.73%	2.23%	1.64%	1.46%
Goodwill
Avg YoY	5.09%	3.57%	7.87%	5.64%	4.27%	27.64%	27.64%
Slope	4.75%	3.97%	6.29%	6.76%	4.01%	6.20%	7.64%
CAGR	4.95%	3.49%	7.60%	5.35%	3.77%	—	—
LSR	4.95%	4.03%	6.98%	7.24%	3.86%	—	—
Intangible Assets
Avg YoY	57.16%	20.72%	107.96%	61.86%	39.80%	551.11%	551.11%
Slope	27.44%	14.02%	8.32%	12.41%	0.58%	2.72%	5.22%
CAGR	39.99%	8.62%	34.02%	8.97%	-0.68%	—	—
LSR	39.99%	14.04%	15.99%	17.97%	1.87%	—	—
Long-Term Investments
Avg YoY	3.46%	6.17%	5.48%	4.31%	1.47%	1.67%	2.91%
Slope	3.29%	6.45%	6.06%	5.80%	1.27%	0.06%	0.30%
CAGR	3.39%	6.07%	5.42%	3.65%	0.76%	1.06%	2.08%
LSR	3.39%	6.78%	6.18%	6.00%	1.25%	-0.02%	0.22%
Tax Assets
Avg YoY	—	-100.00%	-100.00%	-100.00%	-100.00%	-100.00%	-100.00%
Slope	—	-50.00%	18.18%	21.43%	19.55%	17.31%	15.35%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Assets
Avg YoY	-0.86%	4.39%	3.71%	1.63%	2.22%	2.84%	7.22%
Slope	-0.99%	4.38%	4.72%	2.01%	1.00%	1.66%	2.75%
CAGR	-0.97%	3.87%	3.25%	1.22%	1.83%	2.43%	5.48%
LSR	-0.97%	4.56%	4.75%	1.88%	0.92%	1.71%	3.41%
Total Non-Current Assets
Avg YoY	3.25%	5.83%	5.46%	4.15%	1.51%	1.83%	3.09%
Slope	3.11%	6.11%	6.01%	5.65%	1.36%	0.32%	0.59%
CAGR	3.19%	5.75%	5.40%	3.58%	0.89%	1.28%	2.31%
LSR	3.19%	6.40%	6.15%	5.82%	1.32%	0.22%	0.52%
Total Assets
Avg YoY	4.24%	5.18%	4.98%	4.50%	1.75%	1.99%	3.20%
Slope	4.05%	5.13%	5.60%	5.16%	2.01%	1.03%	1.17%
CAGR	4.18%	5.14%	4.93%	4.36%	1.43%	1.69%	2.61%
LSR	4.18%	5.33%	5.74%	5.27%	1.89%	0.90%	1.11%
Short-Term Debt
Avg YoY	-19.37%	39.13%	-2.73%	18.07%	15.92%	16.70%	20.20%
Slope	-44.97%	13.55%	-22.21%	-4.69%	-4.89%	-3.41%	-0.78%
CAGR	-55.56%	-10.10%	-28.91%	-6.52%	-12.33%	-7.21%	-4.23%
LSR	-55.56%	5.67%	-21.33%	-6.63%	-7.05%	-5.51%	-2.12%
Other Current Liabilities
Avg YoY	5.38%	5.65%	8.24%	5.01%	2.96%	2.67%	3.20%
Slope	5.23%	5.14%	7.55%	6.14%	3.10%	2.12%	1.72%
CAGR	5.38%	5.62%	8.11%	4.74%	2.67%	2.43%	2.63%
LSR	5.38%	5.32%	8.09%	6.20%	2.84%	1.85%	1.52%
Total Current Liabilities
Avg YoY	3.52%	5.50%	4.65%	4.68%	2.29%	2.46%	3.15%
Slope	3.33%	5.39%	5.38%	5.26%	2.33%	1.54%	1.47%
CAGR	3.44%	5.42%	4.57%	4.50%	1.89%	2.11%	2.45%
LSR	3.44%	5.64%	5.46%	5.41%	2.20%	1.40%	1.38%
Long-Term Debt
Avg YoY	18.42%	4.50%	17.20%	6.74%	-2.11%	-1.36%	39.73%
Slope	15.80%	1.70%	9.23%	0.15%	-10.07%	-10.09%	-5.71%
CAGR	16.08%	2.11%	11.97%	1.00%	-7.66%	-6.09%	11.06%
LSR	16.08%	1.38%	11.55%	0.40%	-7.16%	-9.38%	-3.99%
Capital Lease Obligations
Avg YoY	-14.37%	-10.15%	-8.24%	-8.24%	-8.24%	-8.24%	-8.24%
Slope	-15.64%	-10.84%	7.12%	16.54%	16.80%	15.55%	14.13%
CAGR	-14.40%	-10.27%	—	—	—	—	—
LSR	-14.40%	-10.58%	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	—	—	-2.14%	-2.14%	-2.14%	-2.14%	-2.14%
Slope	—	—	-27.30%	1.33%	8.26%	10.09%	10.34%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	-13.10%	-3.09%	23.36%	16.22%	12.67%	9.90%	9.77%
Slope	-14.69%	-5.26%	13.92%	10.79%	6.64%	5.09%	3.85%
CAGR	-13.38%	-7.83%	9.93%	7.46%	4.93%	2.90%	3.79%
LSR	-13.38%	-4.63%	18.74%	10.97%	5.61%	4.01%	2.82%
Total Non-Current Liabilities
Avg YoY	2.67%	-0.10%	15.50%	6.90%	-1.40%	-0.86%	16.34%
Slope	1.53%	-1.64%	11.05%	4.03%	-6.06%	-7.70%	-4.27%
CAGR	1.47%	-2.39%	11.28%	2.89%	-5.52%	-4.42%	6.59%
LSR	1.47%	-1.33%	14.14%	3.87%	-4.05%	-6.74%	-3.08%
Total Liabilities
Avg YoY	3.41%	5.08%	4.84%	4.58%	1.59%	1.82%	3.18%
Slope	3.26%	5.10%	5.59%	5.21%	1.86%	0.82%	1.00%
CAGR	3.35%	5.03%	4.78%	4.42%	1.23%	1.47%	2.55%
LSR	3.35%	5.31%	5.71%	5.33%	1.76%	0.70%	0.95%
Preferred Stock
Avg YoY	—	—	—	—	—	—	-100.00%
Slope	—	—	—	—	—	—	-14.02%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock
Avg YoY	-0.16%	0.94%	0.27%	0.55%	1.00%	0.59%	0.77%
Slope	-0.16%	0.95%	0.42%	0.99%	0.87%	0.62%	3.13%
CAGR	-0.16%	0.93%	0.26%	0.47%	0.83%	0.45%	—
LSR	-0.16%	0.96%	0.41%	1.01%	0.88%	0.61%	—
Retained Earnings
Avg YoY	7.32%	11.81%	9.59%	8.52%	4.43%	3.42%	4.16%
Slope	7.09%	10.37%	9.54%	8.77%	5.12%	2.74%	2.17%
CAGR	7.30%	11.70%	9.40%	8.26%	3.93%	2.95%	3.42%
LSR	7.30%	11.27%	10.02%	9.21%	4.71%	2.25%	1.75%
Accumulated OCI
Avg YoY	-16.89%	329.35%	181.67%	-39.06%	-33.71%	-49.18%	-114.17%
Slope	19.49%	-48.31%	-37.17%	-26.54%	-12.36%	-16.06%	-11.02%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	10.16%	7.05%	6.94%	6.33%	3.59%	2.68%	4.28%
Slope	9.67%	5.90%	6.62%	6.59%	4.00%	1.94%	1.99%
CAGR	10.16%	6.86%	6.77%	6.11%	3.27%	2.33%	3.49%
LSR	10.16%	6.02%	6.89%	6.89%	3.80%	1.69%	1.85%
Total Equity
Avg YoY	10.16%	7.05%	6.94%	6.33%	3.59%	2.68%	4.28%
Slope	9.67%	5.90%	6.62%	6.59%	4.00%	1.94%	1.99%
CAGR	10.16%	6.86%	6.77%	6.11%	3.27%	2.33%	3.49%
LSR	10.16%	6.02%	6.89%	6.89%	3.80%	1.69%	1.85%
Total Liabilities & Equity
Avg YoY	3.95%	5.23%	5.00%	4.71%	1.73%	1.87%	3.24%
Slope	3.79%	5.17%	5.68%	5.32%	2.02%	0.90%	1.08%
CAGR	3.91%	5.19%	4.94%	4.56%	1.38%	1.54%	2.62%
LSR	3.91%	5.37%	5.81%	5.45%	1.91%	0.77%	1.02%
Tangible Assets
Avg YoY	4.17%	5.23%	4.90%	4.47%	1.70%	1.85%	3.08%
Slope	3.98%	5.16%	5.57%	5.10%	1.95%	0.90%	1.03%
CAGR	4.11%	5.19%	4.84%	4.32%	1.38%	1.54%	2.49%
LSR	4.11%	5.36%	5.70%	5.20%	1.83%	0.77%	0.97%
Tangible Equity
Avg YoY	13.12%	9.69%	6.82%	7.19%	3.94%	1.41%	3.23%
Slope	12.36%	6.95%	6.80%	6.31%	4.12%	-0.29%	-0.47%
CAGR	12.93%	9.11%	5.98%	6.52%	3.17%	0.27%	1.76%
LSR	12.93%	7.10%	6.92%	6.46%	3.89%	-0.02%	-0.42%
Tangible Book Value
Avg YoY	13.12%	9.69%	6.82%	7.19%	3.94%	1.41%	3.23%
Slope	12.36%	6.95%	6.80%	6.31%	4.12%	-0.29%	-0.47%
CAGR	12.93%	9.11%	5.98%	6.52%	3.17%	0.27%	1.76%
LSR	12.93%	7.10%	6.92%	6.46%	3.89%	-0.02%	-0.42%
Total Investments
Avg YoY	4.76%	6.24%	4.95%	4.66%	1.72%	1.87%	3.08%
Slope	4.53%	6.27%	5.57%	5.18%	1.94%	0.83%	0.96%
CAGR	4.69%	6.19%	4.89%	4.51%	1.37%	1.55%	2.49%
LSR	4.69%	6.56%	5.66%	5.28%	1.82%	0.71%	0.90%
Net Debt
Avg YoY	-9.97%	-10.27%	-29.07%	-4.93%	-8.17%	-4.73%	9.16%
Slope	-26.57%	49.48%	-21.79%	-6.34%	-8.40%	-7.21%	-3.36%
CAGR	-30.96%	—	-21.18%	-3.83%	-11.36%	-7.93%	1.93%
LSR	-30.96%	—	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	2.25%	6.38%	5.17%	4.37%	2.08%	2.35%	3.07%
Slope	-2.11%	-6.62%	-5.83%	-5.88%	-1.59%	-0.72%	-0.78%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Capital
Avg YoY	1.74%	5.23%	-3.26%	3.86%	-0.24%	1.17%	4.88%
Slope	0.00%	6.45%	-2.74%	1.19%	-1.82%	-2.35%	-0.59%
CAGR	0.00%	4.19%	-4.49%	2.41%	-2.65%	-1.03%	2.40%
LSR	0.00%	6.73%	-2.39%	1.52%	-1.50%	-2.18%	-0.26%
Capital Employed
Avg YoY	8.42%	3.81%	7.33%	3.94%	0.00%	0.47%	4.82%
Slope	8.09%	3.98%	6.82%	4.58%	0.30%	-1.36%	-0.22%
CAGR	8.42%	3.68%	7.12%	3.66%	-0.48%	-0.02%	3.62%
LSR	8.42%	3.95%	7.37%	4.52%	0.41%	-1.24%	0.04%
Invested Capital
Avg YoY	3.20%	12.24%	-2.52%	4.65%	0.36%	1.81%	6.01%
Slope	1.00%	12.65%	-3.79%	0.53%	-2.31%	-2.66%	-0.65%
CAGR	1.09%	9.80%	-5.01%	2.29%	-2.83%	-1.05%	2.91%
LSR	1.09%	14.14%	-3.35%	0.71%	-2.07%	-2.57%	-0.29%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	1.71%	22.52%	17.11%	23.22%	18.63%	15.58%	15.16%
Slope	1.04%	10.68%	10.67%	12.15%	7.47%	3.49%	2.02%
CAGR	1.08%	16.73%	10.65%	13.18%	2.77%	2.24%	3.08%
LSR	1.08%	13.94%	12.17%	15.51%	—	—	—
Depreciation & Amortization
Avg YoY	-13.03%	-7.94%	0.91%	0.62%	1.06%	1.84%	2.10%
Slope	-40.85%	-23.07%	-2.15%	-2.00%	-2.36%	-2.18%	-1.87%
CAGR	-29.63%	-17.34%	-4.66%	-5.05%	-5.47%	-3.47%	-2.50%
LSR	-29.63%	-22.97%	-3.79%	-2.72%	-2.65%	-2.49%	-2.16%
Deferred Income Tax
Avg YoY	181.73%	59.47%	-18.05%	55.34%	-113.85%	-101.18%	-67.65%
Slope	103.84%	1,424.84%	-28.52%	-2.64%	110.29%	177.58%	61.31%
CAGR	—	—	-14.83%	—	17.60%	0.95%	1.71%
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	—	—	14.74%	26.20%	26.20%	26.20%	26.20%
Slope	—	—	-46.10%	-11.93%	0.82%	5.33%	7.04%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Change in Working Capital
Avg YoY	83.66%	58.56%	-176.20%	105.16%	-3.90%	25.95%	25.22%
Slope	139.50%	33.11%	-6.79%	-80.87%	-29.08%	-0.82%	3.16%
CAGR	—	—	—	-3.08%	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	58.99%	13.79%	-444.35%	-297.83%	-258.75%	-258.75%	-258.75%
Slope	123.51%	38.55%	-11.65%	-59.45%	-158.77%	-106.33%	-77.14%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	108.83%	165.06%	34.71%	30.72%	35.30%	35.30%	35.30%
Slope	-1.21%	79.05%	48.43%	406.95%	37.95%	19.46%	10.17%
CAGR	-2.41%	—	—	—	—	—	—
LSR	-2.41%	—	—	—	—	—	—
Other Working Capital
Avg YoY	44.57%	317.95%	142.62%	413.64%	246.61%	224.27%	189.35%
Slope	59.76%	-22,248.11%	-1,505.06%	-27.80%	-16.02%	36.08%	17.52%
CAGR	-59.41%	—	8.13%	—	—	—	—
LSR	-59.41%	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-162.76%	203.52%	194.19%	108.16%	131.20%	118.64%	126.17%
Slope	-1,047.15%	-217.92%	-32.18%	-23.82%	-11.44%	-2.98%	-0.10%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	-11.32%	7.57%	8.13%	3.13%	4.06%	4.83%	5.41%
Slope	-11.90%	0.90%	5.91%	4.37%	2.92%	2.13%	1.50%
CAGR	-11.37%	4.04%	5.03%	0.45%	0.74%	0.41%	1.42%
LSR	-11.37%	1.67%	6.43%	4.40%	2.76%	1.98%	1.33%
Capital Expenditures (PPE)
Avg YoY	-25.79%	-25.40%	-22.77%	-17.59%	-7.61%	-9.42%	-10.04%
Slope	-10.07%	-18.75%	-8.78%	-5.86%	0.12%	0.29%	0.36%
CAGR	12.88%	18.21%	12.04%	7.91%	-1.59%	0.52%	1.70%
LSR	12.88%	22.21%	9.81%	5.93%	0.14%	-0.35%	-0.51%
Acquisitions (Net)
Avg YoY	-100.00%	-100.00%	10,143.06%	8,691.05%	7,592.17%	6,759.70%	6,759.70%
Slope	0.00%	50.00%	-27.17%	1.45%	5.37%	11.15%	11.07%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	-78,023.38%	-39,015.00%	-17,363.66%	-11,164.92%	-8,227.51%	-6,527.93%	-5,410.05%
Slope	-88.70%	16.70%	-3.93%	2.11%	1.14%	5.39%	3.66%
CAGR	4,656.73%	-1.32%	0.69%	1.07%	-1.85%	1.57%	3.30%
LSR	4,656.73%	-12.08%	-14.90%	-13.62%	-8.77%	-9.09%	-6.52%
Sales / Maturities of Investments
Avg YoY	43.48%	6.04%	13.23%	8.12%	4.12%	14.29%	12.56%
Slope	24.76%	-22.44%	-2.52%	-4.22%	-5.08%	-6.10%	-3.43%
CAGR	23.94%	-11.65%	-3.89%	-3.80%	-5.39%	0.28%	-0.24%
LSR	23.94%	-19.85%	-3.20%	-4.77%	-5.24%	-5.71%	-3.61%
Other Investing Activities
Avg YoY	78.13%	-201.76%	-109.70%	-98.29%	-101.21%	-130.75%	-118.97%
Slope	104.57%	22.78%	-7.53%	-19.57%	-6.26%	-5.84%	-1.14%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	44.47%	15.82%	-56.00%	-55.08%	-22.98%	-89.72%	-110.77%
Slope	58.16%	16.21%	-31.06%	-27.62%	-23.44%	-9.08%	1.30%
CAGR	-56.42%	-29.94%	-3.19%	—	—	6.81%	3.54%
LSR	-56.42%	-25.11%	—	—	—	—	—
Net Debt Issuance
Avg YoY	-520.48%	-22.25%	-86.49%	-28.67%	-31.31%	-18.12%	-7.86%
Slope	-762.59%	-120.21%	1.50%	-3.13%	7.75%	-4.68%	-628.40%
CAGR	—	49.09%	—	-4.30%	-0.43%	2.64%	—
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	3,016.89%	360.11%	1,113.07%	805.81%	528.31%	354.41%	381.41%
Slope	158.02%	594.85%	125.51%	90.38%	24.53%	12.14%	-400.38%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-581.76%	1.06%	-1,710.77%	-1,066.00%	-781.79%	-608.23%	-490.70%
Slope	-552.17%	-150.12%	-3.75%	-9.96%	-5.75%	-66.45%	-252.13%
CAGR	—	55.60%	—	-2.56%	1.12%	2.74%	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	13.75%	5.95%	-232.08%	-1,386.87%	-71.06%	-28.81%	-1,786.80%
Slope	14.64%	18.63%	-2.34%	-22.21%	-524.12%	-200.67%	-17.62%
CAGR	-13.77%	-12.93%	-8.92%	—	—	—	5.00%
LSR	-13.77%	-17.44%	18.53%	—	—	—	—
Common Stock Issuance
Avg YoY	-12.42%	-2.55%	-0.33%	15.22%	967.40%	819.00%	819.00%
Slope	-13.13%	-1.98%	0.17%	-36.13%	-17.21%	-7.25%	-1.70%
CAGR	-12.54%	-3.17%	-0.82%	-35.60%	-17.23%	—	—
LSR	-12.54%	-2.18%	0.12%	-15.68%	—	—	—
Common Stock Repurchased
Avg YoY	13.73%	5.96%	-194.82%	-29,104.80%	-25,457.04%	-25,457.04%	-25,457.04%
Slope	14.62%	18.43%	-2.30%	-0.44%	-6.27%	-8.82%	-9.46%
CAGR	-13.76%	-12.81%	-8.83%	66.70%	—	—	—
LSR	-13.76%	-17.26%	16.66%	37.81%	—	—	—
Net Dividends Paid
Avg YoY	-4.12%	-4.02%	-7.07%	-19.59%	-7.55%	-6.66%	-7.78%
Slope	-4.02%	-4.07%	-7.27%	-9.49%	0.99%	2.21%	1.21%
CAGR	4.11%	4.02%	6.97%	17.03%	-1.32%	-0.39%	1.60%
LSR	4.11%	4.16%	7.85%	12.83%	0.79%	-1.71%	-1.25%
Common Dividends Paid
Avg YoY	-4.12%	-4.02%	-7.07%	-19.59%	-7.55%	-6.66%	-7.78%
Slope	-4.02%	-4.07%	-7.27%	-9.49%	0.99%	2.21%	1.21%
CAGR	4.11%	4.02%	6.97%	17.03%	-1.32%	-0.39%	1.60%
LSR	4.11%	4.16%	7.85%	12.83%	0.79%	-1.71%	-1.25%
Other Financing Activities
Avg YoY	819.18%	378.89%	213.66%	48.44%	43.88%	49.14%	55.40%
Slope	73.28%	-16.57%	20.15%	27.79%	13.53%	10.39%	4.49%
CAGR	340.39%	-11.62%	—	—	3.53%	3.69%	3.31%
LSR	340.39%	-12.03%	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-4.76%	-22.68%	-20.29%	176.65%	42.78%	39.61%	75.47%
Slope	-57.76%	-39.95%	50.21%	73.42%	118.02%	28.77%	-4.09%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Effect of FX on Cash
Avg YoY	—	—	—	—	—	—	0.00%
Slope	—	—	—	—	—	—	19.38%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Change in Cash
Avg YoY	5.29%	-201.77%	155.75%	108.65%	-31.21%	-57.72%	-44.84%
Slope	131.77%	-8,298.14%	-147.57%	-64.28%	-29.60%	140.75%	18.71%
CAGR	-77.25%	—	—	—	—	—	-8.02%
LSR	-77.25%	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-34.54%	35.65%	21.82%	14.16%	9.73%	6.01%	6.32%
Slope	-58.06%	-7.51%	12.06%	9.62%	5.06%	1.85%	-0.14%
CAGR	-41.56%	3.64%	6.24%	2.92%	1.22%	-0.84%	-0.15%
LSR	-41.56%	-5.94%	12.76%	8.66%	3.52%	0.67%	-0.84%
Cash at End of Period
Avg YoY	-10.85%	-17.20%	21.43%	14.50%	8.44%	5.32%	15.29%
Slope	-11.53%	-30.28%	6.99%	8.35%	4.42%	1.91%	-1.00%
CAGR	-10.86%	-22.66%	5.93%	4.04%	0.29%	-1.26%	0.53%
LSR	-10.86%	-26.69%	8.04%	8.22%	3.31%	0.91%	-0.89%
Operating Cash Flow
Avg YoY	-11.32%	7.57%	8.13%	3.13%	4.06%	4.83%	5.41%
Slope	-11.90%	0.90%	5.91%	4.37%	2.92%	2.13%	1.50%
CAGR	-11.37%	4.04%	5.03%	0.45%	0.74%	0.41%	1.42%
LSR	-11.37%	1.67%	6.43%	4.40%	2.76%	1.98%	1.33%
Capital Expenditure
Avg YoY	-25.79%	-25.40%	-22.77%	-17.59%	-7.61%	-9.42%	-10.04%
Slope	-10.07%	-18.75%	-8.78%	-5.86%	0.12%	0.29%	0.36%
CAGR	12.88%	18.21%	12.04%	7.91%	-1.59%	0.52%	1.70%
LSR	12.88%	22.21%	9.81%	5.93%	0.14%	-0.35%	-0.51%
Free Cash Flow
Avg YoY	-13.59%	6.52%	8.38%	3.28%	5.35%	6.88%	7.10%
Slope	-14.67%	-0.96%	5.58%	4.20%	3.31%	2.45%	1.76%
CAGR	-13.61%	2.66%	4.35%	-0.14%	1.16%	0.40%	1.39%
LSR	-13.61%	-0.32%	6.04%	4.26%	3.16%	2.37%	1.59%

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	1.02%	12.38%	8.36%	8.44%	4.52%	3.95%	4.44%
Slope	0.63%	8.06%	7.36%	7.72%	3.94%	1.50%	0.75%
CAGR	0.65%	10.59%	7.18%	7.21%	1.44%	1.50%	1.98%
LSR	0.65%	9.42%	7.84%	8.43%	3.97%	1.31%	0.53%
(-) Tax Adjustment
Avg YoY	1.31%	15.32%	6.36%	-0.70%	-7.36%	-3.50%	-2.64%
Slope	0.67%	9.39%	2.13%	7.91%	5.61%	2.71%	0.08%
CAGR	0.70%	12.64%	2.71%	32.52%	1.81%	0.87%	0.34%
LSR	0.70%	11.32%	2.21%	—	—	—	—
Change In Working Capital
Avg YoY	83.66%	58.56%	-176.20%	105.16%	-3.90%	25.95%	25.22%
Slope	139.50%	33.11%	-6.79%	-80.87%	-29.08%	-0.82%	3.16%
CAGR	—	—	—	-3.08%	-4.72%	-4.91%	1.97%
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-25.79%	-25.40%	-22.77%	-17.59%	-7.61%	-9.42%	-10.04%
Slope	-10.07%	-18.75%	-8.78%	-5.86%	0.12%	0.29%	0.36%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-3.12%	7.64%	9.27%	6.80%	3.64%	3.84%	4.54%
Slope	-3.32%	6.54%	8.85%	8.32%	3.92%	1.32%	1.02%
CAGR	-3.34%	6.93%	8.21%	5.75%	1.86%	2.07%	2.63%
LSR	-3.34%	7.27%	9.85%	8.81%	3.65%	1.05%	0.75%
Net Interest After Taxes
Avg YoY	5.66%	7.45%	8.57%	3.03%	3.23%	3.14%	3.73%
Slope	5.17%	8.03%	8.29%	4.81%	2.15%	1.08%	0.97%
CAGR	5.43%	7.26%	8.10%	2.13%	2.00%	2.01%	2.50%
LSR	5.43%	8.47%	8.92%	4.74%	1.90%	0.86%	0.80%
Net Debt Issuance
Avg YoY	-520.48%	-22.25%	-86.49%	-28.67%	-31.31%	-18.12%	-7.86%
Slope	-762.59%	-120.21%	1.50%	-3.13%	7.75%	-4.68%	-628.40%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-1,770.76%	-766.22%	-498.45%	-270.95%	-207.94%	-177.49%	-138.78%
Slope	-338.06%	-63.83%	-0.87%	-0.03%	5.47%	-2.61%	-21.39%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—