Federal Agricultural Mortgage Corporation (AGM-PC)

Analysis: Growth Rates Industry: Financial - Credit Services Sector: Financial Services Live Price: $348.71

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	36.33%	32.63%	28.10%	24.40%	25.04%	21.58%	40.65%
Slope	25.23%	22.37%	16.68%	15.50%	13.10%	9.63%	8.86%
CAGR	32.19%	27.62%	22.56%	19.47%	10.42%	8.95%	17.88%
LSR	32.19%	26.93%	19.05%	18.55%	15.55%	8.94%	9.40%
Market Capitalization
Avg YoY	36.24%	32.46%	28.40%	24.60%	24.72%	21.30%	40.29%
Slope	25.20%	22.29%	16.81%	15.69%	13.21%	9.73%	8.93%
CAGR	32.14%	27.50%	22.88%	19.71%	10.44%	9.00%	17.84%
LSR	32.14%	26.81%	19.33%	18.93%	15.65%	9.02%	9.39%
(-) Cash & Equivalents
Avg YoY	8.77%	-0.16%	9.99%	11.19%	26.04%	20.93%	47.46%
Slope	8.39%	-0.88%	6.17%	0.75%	2.81%	2.71%	4.05%
CAGR	8.60%	-0.67%	-1.51%	2.20%	4.57%	2.86%	16.25%
LSR	8.60%	-0.84%	9.58%	0.89%	4.06%	2.92%	6.68%
(+) Total Debt
Avg YoY	6.43%	5.61%	8.34%	8.84%	11.80%	10.70%	14.52%
Slope	6.21%	5.84%	8.02%	7.98%	9.24%	9.19%	9.20%
CAGR	6.43%	5.58%	8.25%	8.71%	11.34%	10.16%	13.37%
LSR	6.43%	5.99%	8.63%	8.60%	11.42%	11.37%	12.97%
Enterprise Value
Avg YoY	7.73%	6.87%	9.52%	9.69%	12.35%	11.38%	15.11%
Slope	7.35%	7.02%	8.52%	8.65%	9.73%	9.56%	9.47%
CAGR	7.70%	6.85%	9.43%	9.52%	11.73%	10.75%	13.49%
LSR	7.70%	7.27%	9.24%	9.43%	12.07%	11.86%	13.26%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	51.15%	39.27%	25.59%	17.77%	15.94%	13.15%	18.56%
Slope	34.37%	33.36%	18.01%	13.85%	10.48%	8.71%	8.42%
CAGR	46.70%	32.96%	21.34%	14.51%	10.95%	8.95%	13.86%
LSR	46.70%	40.93%	18.40%	13.38%	9.36%	7.55%	8.99%
Cost of Revenue
Avg YoY	78.46%	60.28%	39.35%	25.31%	21.09%	16.25%	20.97%
Slope	44.04%	41.62%	21.54%	16.14%	11.08%	8.74%	8.16%
CAGR	68.02%	40.79%	27.74%	16.73%	12.19%	8.39%	13.19%
LSR	68.02%	55.28%	22.42%	15.04%	8.85%	6.58%	7.48%
Gross Profit
Avg YoY	8.72%	16.62%	10.97%	12.23%	-42.11%	-27.24%	-12.60%
Slope	8.13%	14.79%	10.85%	9.54%	9.30%	8.66%	8.95%
CAGR	8.61%	16.29%	10.69%	9.73%	8.03%	11.80%	17.99%
LSR	8.61%	16.90%	11.18%	10.13%	—	—	—
Gross Margin
Avg YoY	-24.46%	-7.75%	-5.65%	-0.74%	-44.10%	-28.76%	-21.72%
Slope	-31.47%	-17.09%	-5.55%	-2.38%	1.56%	1.98%	3.24%
CAGR	-25.96%	-12.54%	-8.77%	-4.18%	-2.63%	2.61%	3.63%
LSR	-25.96%	-17.05%	-6.10%	-2.86%	—	—	—
SG&A Expenses
Avg YoY	14.20%	15.09%	12.75%	10.53%	22.49%	20.77%	22.46%
Slope	12.93%	13.75%	12.52%	10.30%	9.55%	9.62%	9.36%
CAGR	14.08%	14.98%	12.59%	10.33%	13.52%	11.05%	13.98%
LSR	14.08%	15.09%	13.35%	10.52%	10.90%	12.14%	12.54%
Operating Expenses
Avg YoY	13.13%	14.59%	12.27%	9.02%	30.72%	26.80%	27.02%
Slope	12.07%	13.33%	12.15%	9.63%	5.39%	6.41%	7.08%
CAGR	13.04%	14.51%	12.14%	8.75%	12.37%	10.88%	13.06%
LSR	13.04%	14.61%	12.92%	9.62%	7.11%	8.14%	9.90%
Operating Income (EBIT)
Avg YoY	7.06%	17.62%	10.62%	15.31%	-223.76%	-169.67%	-145.11%
Slope	6.60%	15.38%	10.35%	9.50%	11.15%	9.71%	9.85%
CAGR	6.94%	17.06%	10.16%	10.17%	6.92%	12.23%	—
LSR	6.94%	17.87%	10.54%	10.54%	—	—	—
Operating Margin
Avg YoY	-25.66%	-7.01%	-6.22%	1.50%	-428.31%	-331.63%	-293.40%
Slope	-33.01%	-16.23%	-6.16%	-2.22%	6.57%	4.02%	5.37%
CAGR	-27.10%	-11.96%	-9.22%	-3.79%	-3.63%	3.01%	—
LSR	-27.10%	-16.36%	-6.64%	-2.51%	—	—	—
Interest Income
Avg YoY	54.70%	40.57%	26.77%	18.08%	15.38%	12.20%	17.72%
Slope	35.82%	34.10%	18.42%	13.94%	10.53%	8.87%	8.54%
CAGR	49.56%	33.59%	22.15%	14.57%	11.80%	9.17%	13.94%
LSR	49.56%	41.92%	18.93%	13.23%	9.23%	7.68%	9.09%
Interest Expense
Avg YoY	78.07%	59.98%	39.01%	25.26%	21.06%	16.33%	20.91%
Slope	43.68%	41.71%	21.54%	16.10%	11.11%	8.80%	8.20%
CAGR	67.41%	41.36%	27.63%	16.77%	12.13%	8.47%	13.15%
LSR	67.41%	55.60%	22.42%	15.00%	8.91%	6.67%	7.52%
Net Interest Income
Avg YoY	14.46%	16.86%	12.37%	12.22%	14.26%	17.55%	25.98%
Slope	13.06%	15.83%	11.60%	9.54%	9.31%	9.01%	9.30%
CAGR	14.28%	16.73%	12.18%	9.76%	10.77%	13.29%	20.21%
LSR	14.28%	17.67%	12.05%	9.63%	10.41%	10.73%	15.14%
Other Income / Expense
Avg YoY	14.46%	16.86%	12.37%	12.22%	14.26%	17.55%	25.98%
Slope	13.06%	15.83%	11.60%	9.54%	9.31%	9.01%	9.30%
CAGR	14.28%	16.73%	12.18%	9.76%	10.77%	13.29%	20.21%
LSR	14.28%	17.67%	12.05%	9.63%	10.41%	10.73%	15.14%
Unusual Items
Avg YoY	14.46%	16.86%	12.37%	12.22%	14.26%	17.55%	25.98%
Slope	-13.06%	-15.83%	-11.60%	-9.54%	-9.31%	-9.01%	-9.30%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EBT excl. Unusual
Avg YoY	11.16%	17.12%	11.54%	12.14%	-31.07%	-17.83%	3.36%
Slope	10.24%	15.64%	11.05%	9.52%	10.09%	9.31%	9.54%
CAGR	11.01%	16.87%	11.28%	9.93%	8.81%	12.81%	22.50%
LSR	11.01%	17.75%	11.38%	9.82%	—	—	—
Pre-Tax Income
Avg YoY	7.06%	17.62%	10.62%	15.31%	-223.76%	-169.67%	-145.11%
Slope	6.60%	15.38%	10.35%	9.50%	11.15%	9.71%	9.85%
CAGR	6.94%	17.06%	10.16%	10.17%	6.92%	12.23%	—
LSR	6.94%	17.87%	10.54%	10.54%	—	—	—
Pre-Tax Margin
Avg YoY	-25.66%	-7.01%	-6.22%	1.50%	-428.31%	-331.63%	-293.40%
Slope	-33.01%	-16.23%	-6.16%	-2.22%	6.57%	4.02%	5.37%
CAGR	-27.10%	-11.96%	-9.22%	-3.79%	-3.63%	3.01%	—
LSR	-27.10%	-16.36%	-6.64%	-2.51%	—	—	—
Income Tax Expense
Avg YoY	3.79%	16.16%	6.78%	97.03%	1,487.17%	1,184.25%	1,093.98%
Slope	3.34%	14.07%	3.95%	8.29%	8.10%	7.34%	8.26%
CAGR	3.49%	15.32%	4.51%	9.77%	4.25%	9.51%	—
LSR	3.49%	16.40%	3.77%	12.42%	—	—	—
Net Income
Avg YoY	7.93%	18.01%	13.59%	23.06%	-125.41%	-91.52%	-64.09%
Slope	7.44%	15.72%	12.60%	12.60%	13.53%	11.21%	10.84%
CAGR	7.85%	17.51%	13.05%	14.28%	7.85%	13.26%	—
LSR	7.85%	18.25%	13.57%	15.67%	—	—	—
Net Margin
Avg YoY	-24.93%	-6.70%	-3.95%	7.82%	-246.36%	-187.29%	-157.08%
Slope	-32.23%	-16.00%	-3.31%	1.52%	11.09%	5.92%	6.38%
CAGR	-26.48%	-11.62%	-6.83%	-0.21%	-2.79%	3.95%	—
LSR	-26.48%	-16.09%	-4.08%	2.02%	—	—	—
Depreciation & Amortization
Avg YoY	-1,282.29%	-716.06%	1,426.68%	916.06%	682.52%	540.14%	459.38%
Slope	-6.62%	619.11%	14.71%	-35.26%	-40.28%	-20.77%	-12.30%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EBITDA
Avg YoY	6.80%	-151.90%	-66.57%	-36.39%	-52.51%	-40.80%	-20.14%
Slope	6.60%	25.43%	13.50%	8.21%	4.76%	3.23%	3.87%
CAGR	6.77%	—	9.83%	8.88%	3.20%	2.46%	10.44%
LSR	6.77%	—	—	—	—	—	—
EBITDA Margin
Avg YoY	-24.56%	-192.76%	-84.49%	-50.69%	-63.27%	-50.03%	-38.60%
Slope	-33.82%	-2.82%	-4.08%	-3.96%	-2.91%	-3.85%	-3.43%
CAGR	-27.22%	—	-9.48%	-4.92%	-6.99%	-5.96%	-3.00%
LSR	-27.22%	—	—	—	—	—	—
NOPAT
Avg YoY	7.06%	17.62%	10.62%	15.31%	-223.76%	-169.67%	-145.11%
Slope	6.60%	15.38%	10.35%	9.50%	11.15%	9.71%	9.85%
CAGR	6.94%	17.06%	10.16%	10.17%	6.92%	12.23%	—
LSR	6.94%	17.87%	10.54%	10.54%	—	—	—
NOPAT Margin
Avg YoY	-25.66%	-7.01%	-6.22%	1.50%	-428.31%	-331.63%	-293.40%
Slope	-33.01%	-16.23%	-6.16%	-2.22%	6.57%	4.02%	5.37%
CAGR	-27.10%	-11.96%	-9.22%	-3.79%	-3.63%	3.01%	—
LSR	-27.10%	-16.36%	-6.64%	-2.51%	—	—	—
Owner's Earnings
Avg YoY	6.33%	-114.59%	-56.91%	-27.74%	-43.44%	-34.01%	-15.08%
Slope	6.13%	27.99%	17.11%	10.89%	4.42%	2.25%	2.82%
CAGR	6.25%	—	12.21%	11.51%	2.83%	1.59%	9.67%
LSR	6.25%	—	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	-24.64%	-148.15%	-73.17%	-41.40%	-53.55%	-42.83%	-32.79%
Slope	-34.45%	0.45%	-0.20%	-1.28%	-3.78%	-5.19%	-4.89%
CAGR	-27.57%	—	-7.52%	-2.62%	-7.32%	-6.76%	-3.68%
LSR	-27.57%	—	—	—	—	—	—
EPS (Basic)
Avg YoY	7.52%	17.61%	13.68%	22.38%	-129.97%	-95.31%	-72.33%
Slope	7.07%	15.41%	12.38%	12.43%	13.64%	11.43%	11.03%
CAGR	7.43%	17.12%	13.13%	13.78%	8.10%	13.36%	—
LSR	7.43%	17.85%	13.37%	15.36%	—	—	—
EPS (Diluted)
Avg YoY	7.48%	17.49%	13.98%	22.64%	-132.46%	-97.25%	-74.05%
Slope	7.03%	15.33%	12.54%	12.65%	13.80%	11.55%	11.11%
CAGR	7.39%	17.00%	13.42%	14.00%	8.12%	13.42%	—
LSR	7.39%	17.74%	13.63%	15.72%	—	—	—
Shares (Basic)
Avg YoY	0.38%	0.34%	-0.06%	0.45%	-0.21%	-0.06%	2.03%
Slope	0.38%	0.34%	0.18%	0.26%	0.13%	-0.24%	-0.01%
CAGR	0.38%	0.34%	-0.07%	0.44%	-0.23%	-0.09%	1.53%
LSR	0.38%	0.34%	0.18%	0.27%	0.14%	-0.23%	0.09%
Shares (Diluted)
Avg YoY	0.42%	0.44%	-0.32%	0.25%	-0.21%	-0.10%	2.05%
Slope	0.42%	0.43%	-0.05%	-0.05%	0.05%	-0.32%	-0.01%
CAGR	0.42%	0.44%	-0.33%	0.24%	-0.25%	-0.14%	1.56%
LSR	0.42%	0.43%	-0.05%	-0.05%	0.06%	-0.30%	0.09%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	7.89%	-0.60%	9.79%	11.07%	25.94%	20.86%	47.40%
Slope	7.58%	-1.28%	6.04%	0.69%	2.77%	2.69%	4.03%
CAGR	7.74%	-1.07%	-1.69%	2.09%	4.48%	2.79%	16.18%
LSR	7.74%	-1.22%	9.46%	0.84%	4.03%	2.90%	6.66%
Short-Term Investments
Avg YoY	-2.66%	1.94%	4.04%	-1.76%	-4.51%	-4.51%	-4.51%
Slope	-3.60%	1.04%	4.68%	11.56%	12.75%	12.96%	12.33%
CAGR	-3.40%	1.07%	3.31%	14.04%	11.12%	—	—
LSR	-3.40%	1.05%	4.91%	—	—	—	—
Cash & Short-Term Investments
Avg YoY	-1.94%	1.65%	3.73%	73.75%	119.01%	111.17%	122.14%
Slope	-2.77%	0.86%	4.78%	10.49%	11.63%	11.62%	11.20%
CAGR	-2.63%	0.89%	2.80%	11.92%	10.16%	14.15%	26.71%
LSR	-2.63%	0.86%	5.04%	17.59%	19.50%	18.35%	20.35%
Net Receivables
Avg YoY	14.09%	13.12%	10.98%	8.11%	8.70%	8.55%	10.90%
Slope	12.66%	13.80%	8.79%	7.29%	5.93%	6.42%	6.97%
CAGR	13.86%	12.25%	10.38%	7.61%	7.87%	7.83%	8.59%
LSR	13.86%	14.84%	9.19%	7.32%	5.91%	7.08%	9.00%
Other Current Assets
Avg YoY	—	—	—	-100.00%	-100.00%	-100.00%	-100.00%
Slope	—	—	—	-32.14%	-8.84%	-0.85%	2.75%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Current Assets
Avg YoY	-1.62%	1.87%	3.85%	66.47%	-972.46%	-755.35%	-611.47%
Slope	-2.37%	1.16%	4.87%	9.67%	11.17%	11.29%	10.95%
CAGR	-2.26%	1.13%	2.95%	11.76%	10.08%	13.78%	21.42%
LSR	-2.26%	1.16%	5.13%	15.61%	—	—	—
Property, Plant & Equipment
Avg YoY	—	—	-29.76%	-29.76%	-41.84%	-41.84%	-50.15%
Slope	—	—	30.07%	-0.10%	-10.31%	-11.40%	-11.37%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Goodwill
Avg YoY	—	—	-29.76%	-29.76%	-29.76%	-29.76%	-29.76%
Slope	—	—	-30.07%	0.10%	7.58%	9.65%	10.04%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Long-Term Investments
Avg YoY	15.81%	10.69%	7.54%	0.46%	6.29%	6.78%	11.26%
Slope	13.52%	10.21%	11.20%	9.14%	8.90%	8.21%	8.30%
CAGR	15.12%	10.14%	—	8.07%	8.98%	8.78%	11.62%
LSR	15.12%	10.69%	—	—	—	—	—
Tax Assets
Avg YoY	-67.51%	-33.95%	10.32%	98.73%	107.43%	107.43%	107.43%
Slope	-88.36%	-33.19%	-11.85%	-3.93%	-5.02%	1.60%	4.44%
CAGR	-70.84%	-46.35%	-30.66%	-15.00%	-2.05%	—	—
LSR	-70.84%	-42.98%	-10.74%	—	—	—	—
Other Non-Current Assets
Avg YoY	1,456.25%	720.56%	320.52%	203.33%	159.48%	159.48%	159.48%
Slope	72.95%	68.54%	-29.54%	9.53%	71.86%	41.14%	25.22%
CAGR	460.13%	115.09%	-21.18%	—	—	—	—
LSR	460.13%	160.48%	-42.49%	—	—	—	—
Other Assets
Avg YoY	—	—	—	-117.16%	-11.22%	-22.31%	431.97%
Slope	—	—	—	-40.30%	-19.75%	-7.85%	-2.27%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Non-Current Assets
Avg YoY	16.22%	10.88%	106.60%	63.81%	52.79%	42.46%	40.37%
Slope	13.81%	10.40%	8.05%	7.77%	8.73%	8.25%	8.35%
CAGR	15.49%	10.31%	34.50%	7.04%	10.33%	8.73%	11.65%
LSR	15.49%	10.90%	16.68%	10.04%	10.29%	8.90%	10.34%
Total Assets
Avg YoY	7.13%	6.08%	14.57%	10.53%	13.77%	13.31%	16.60%
Slope	6.84%	6.28%	6.62%	8.59%	9.75%	9.48%	9.39%
CAGR	7.12%	6.06%	12.15%	8.62%	10.22%	10.18%	13.46%
LSR	7.12%	6.46%	7.92%	9.82%	12.46%	11.70%	13.03%
Accounts Payable
Avg YoY	47.44%	36.04%	23.38%	36.08%	31.51%	26.53%	25.72%
Slope	38.46%	31.26%	18.94%	9.01%	9.59%	9.48%	9.32%
CAGR	47.12%	34.72%	20.79%	14.79%	15.16%	13.34%	12.56%
LSR	47.12%	35.77%	19.66%	8.92%	10.49%	10.83%	11.81%
Short-Term Debt
Avg YoY	14.39%	14.46%	-14.16%	-16.89%	-3.89%	-1.66%	10.15%
Slope	13.14%	32.50%	27.91%	9.48%	5.04%	4.52%	5.48%
CAGR	13.50%	—	—	5.93%	7.88%	6.85%	12.71%
LSR	13.50%	—	—	—	—	—	—
Other Current Liabilities
Avg YoY	—	—	-27.57%	-17.41%	-17.41%	-1.26%	4.59%
Slope	—	—	36.90%	5.23%	-4.58%	-7.88%	-8.81%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Current Liabilities
Avg YoY	15.26%	1,441.42%	602.84%	-435.57%	-317.17%	-250.28%	-198.63%
Slope	13.93%	32.46%	216.89%	36.63%	5.77%	2.12%	3.24%
CAGR	14.38%	205.97%	—	6.12%	8.03%	6.98%	12.69%
LSR	14.38%	148.37%	—	—	—	—	—
Long-Term Debt
Avg YoY	3.31%	-4.15%	19.04%	13.94%	32.13%	28.94%	27.92%
Slope	2.92%	-3.45%	11.33%	11.93%	12.15%	11.85%	11.24%
CAGR	3.04%	-5.43%	14.64%	10.95%	14.92%	14.43%	13.79%
LSR	3.04%	-2.91%	15.55%	14.07%	16.46%	16.72%	16.68%
Capital Lease Obligations
Avg YoY	—	—	-33.34%	-40.35%	-40.35%	-40.35%	-40.35%
Slope	—	—	-30.30%	-3.15%	5.75%	8.49%	9.23%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	—	—	—	-100.00%	-100.00%	-100.00%	-100.00%
Slope	—	—	—	-32.14%	-10.53%	-1.92%	2.00%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	-24.82%	35.39%	-1,835.76%	-1,281.85%	-1,235.71%	-5,432.65%	-4,460.04%
Slope	-28.28%	14.83%	7.74%	-12.33%	-4.41%	-7.93%	-8.86%
CAGR	-24.83%	16.16%	1.19%	-0.05%	3.30%	—	16.79%
LSR	-24.83%	20.98%	—	—	—	—	—
Total Non-Current Liabilities
Avg YoY	3.00%	-4.07%	19.36%	14.04%	19.83%	19.21%	19.86%
Slope	2.64%	-3.32%	12.38%	11.85%	12.64%	12.09%	11.38%
CAGR	2.74%	-5.34%	14.47%	10.72%	14.66%	14.46%	13.80%
LSR	2.74%	-2.80%	15.63%	13.33%	17.53%	16.79%	16.54%
Total Liabilities
Avg YoY	6.55%	5.88%	78.79%	50.51%	42.39%	34.99%	34.56%
Slope	6.32%	6.10%	27.93%	14.77%	11.35%	9.83%	9.44%
CAGR	6.55%	5.84%	—	8.70%	11.29%	10.21%	13.36%
LSR	6.55%	6.27%	—	—	—	—	—
Preferred Stock
Avg YoY	-7.97%	4.10%	10.19%	23.90%	41.01%	35.63%	29.73%
Slope	-8.39%	1.76%	11.44%	13.63%	13.50%	12.70%	12.14%
CAGR	-8.27%	2.70%	8.41%	14.80%	14.12%	—	—
LSR	-8.27%	2.07%	12.71%	18.59%	19.18%	—	—
Common Stock
Avg YoY	-0.01%	-0.08%	0.55%	0.18%	0.18%	0.07%	1.04%
Slope	-0.01%	-0.08%	0.34%	0.29%	0.18%	0.08%	2.18%
CAGR	-0.01%	-0.08%	0.54%	0.17%	0.15%	0.04%	—
LSR	-0.01%	-0.08%	0.34%	0.29%	0.19%	0.08%	—
Retained Earnings
Avg YoY	15.73%	16.15%	17.36%	24.79%	5.93%	14.07%	-282.50%
Slope	14.48%	15.06%	14.67%	15.73%	14.43%	12.72%	12.30%
CAGR	15.72%	16.14%	17.29%	22.90%	12.72%	18.31%	—
LSR	15.72%	16.47%	16.76%	22.31%	—	—	—
Accumulated OCI
Avg YoY	-45.64%	-408.47%	-248.34%	-173.39%	-32.71%	-97.14%	-178.32%
Slope	56.59%	-17.61%	-230.86%	-80.94%	-52.77%	-26.55%	-15.15%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Minority Interest
Avg YoY	—	—	-42.47%	-27.70%	-27.70%	-27.70%	-27.70%
Slope	—	—	-48.06%	-27.01%	-7.65%	-0.08%	3.28%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	8.39%	11.47%	14.13%	20.23%	-3.96%	2.22%	-0.49%
Slope	7.94%	9.69%	12.53%	13.88%	13.46%	12.09%	11.76%
CAGR	8.35%	11.20%	13.79%	17.49%	12.06%	14.03%	—
LSR	8.35%	10.55%	14.05%	18.20%	—	—	—
Total Equity
Avg YoY	8.39%	11.47%	14.13%	10.91%	1.57%	6.59%	3.13%
Slope	7.94%	9.69%	12.53%	9.43%	11.26%	10.87%	10.90%
CAGR	8.35%	11.20%	13.79%	9.26%	12.06%	14.03%	—
LSR	8.35%	10.55%	14.05%	9.69%	—	—	—
Total Liabilities & Equity
Avg YoY	6.63%	6.07%	48.09%	45.08%	38.47%	31.97%	32.24%
Slope	6.39%	6.25%	27.10%	14.47%	11.35%	9.88%	9.51%
CAGR	6.62%	6.05%	—	8.72%	11.32%	10.33%	13.61%
LSR	6.62%	6.44%	—	—	—	—	—
Tangible Assets
Avg YoY	7.13%	6.08%	14.56%	10.53%	13.77%	13.30%	16.60%
Slope	6.84%	6.28%	6.63%	8.59%	9.75%	9.48%	9.39%
CAGR	7.12%	6.06%	12.15%	8.62%	10.22%	10.18%	13.46%
LSR	7.12%	6.46%	7.92%	9.82%	12.46%	11.70%	13.03%
Tangible Equity
Avg YoY	8.39%	11.47%	14.08%	10.88%	1.55%	6.58%	3.12%
Slope	7.94%	9.69%	12.73%	9.46%	11.27%	10.87%	10.91%
CAGR	8.35%	11.20%	13.79%	9.26%	12.06%	14.03%	—
LSR	8.35%	10.55%	14.30%	9.69%	—	—	—
Tangible Book Value
Avg YoY	8.39%	11.47%	14.08%	10.88%	1.55%	6.58%	3.12%
Slope	7.94%	9.69%	12.73%	9.46%	11.27%	10.87%	10.91%
CAGR	8.35%	11.20%	13.79%	9.26%	12.06%	14.03%	—
LSR	8.35%	10.55%	14.30%	9.69%	—	—	—
Total Investments
Avg YoY	6.82%	6.20%	5.20%	11.25%	15.44%	13.99%	16.91%
Slope	6.56%	6.35%	5.46%	8.50%	10.22%	9.95%	9.79%
CAGR	6.81%	6.18%	5.11%	9.84%	11.80%	11.00%	13.50%
LSR	6.81%	6.54%	5.56%	10.26%	14.10%	12.90%	13.99%
Net Debt
Avg YoY	6.39%	5.89%	33.99%	19.61%	23.25%	20.07%	22.07%
Slope	6.16%	6.11%	15.47%	11.86%	10.44%	9.91%	9.68%
CAGR	6.38%	5.86%	23.16%	9.15%	11.84%	10.92%	13.30%
LSR	6.38%	6.29%	23.38%	13.07%	10.91%	10.69%	12.26%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	-39.34%	-29.17%	127.18%	71.76%	66.69%	50.45%	50.66%
Slope	-47.78%	-39.16%	1.99%	20.06%	27.25%	40.00%	39.18%
CAGR	-39.35%	-36.40%	-7.40%	—	—	—	—
LSR	-39.35%	-32.06%	1.08%	—	—	—	—
Total Capital
Avg YoY	6.50%	5.80%	10.51%	10.31%	12.69%	11.47%	15.14%
Slope	6.26%	5.99%	7.55%	8.24%	9.46%	9.36%	9.33%
CAGR	6.49%	5.78%	8.40%	8.89%	11.27%	10.19%	13.47%
LSR	6.49%	6.15%	8.54%	9.10%	11.77%	11.60%	13.13%
Capital Employed
Avg YoY	3.31%	-3.42%	9.12%	20.81%	23.51%	21.83%	21.94%
Slope	2.96%	-2.56%	3.36%	8.08%	10.83%	11.05%	10.72%
CAGR	3.08%	-4.54%	3.45%	11.18%	14.19%	14.06%	13.96%
LSR	3.08%	-2.15%	3.51%	11.81%	18.03%	17.59%	17.40%
Invested Capital
Avg YoY	6.46%	6.08%	11.22%	10.81%	13.33%	12.27%	15.57%
Slope	6.22%	6.25%	7.59%	8.56%	9.78%	9.71%	9.62%
CAGR	6.45%	6.06%	8.99%	9.29%	11.75%	10.91%	13.40%
LSR	6.45%	6.44%	8.67%	9.56%	12.34%	12.33%	13.75%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	7.48%	17.56%	13.10%	12.86%	-118.90%	-89.14%	-41.38%
Slope	7.03%	15.64%	12.27%	9.89%	12.81%	11.21%	10.89%
CAGR	7.39%	17.00%	12.52%	10.01%	11.07%	13.42%	—
LSR	7.39%	18.08%	13.13%	10.49%	—	—	—
Depreciation & Amortization
Avg YoY	-1,176.45%	-563.29%	-2,035.46%	-1,310.17%	-957.63%	-758.01%	-618.96%
Slope	-6.66%	588.11%	14.59%	-33.89%	-40.54%	-20.89%	-12.40%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Deferred Income Tax
Avg YoY	-73.17%	150.86%	10.76%	-205.72%	-202.49%	-118.83%	-118.83%
Slope	-97.62%	45.94%	2.40%	142.43%	97.45%	55.86%	35.43%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	32.43%	18.90%	14.38%	10.32%	9.84%	9.84%	9.84%
Slope	26.24%	18.19%	12.16%	7.46%	5.91%	8.59%	9.30%
CAGR	31.70%	17.80%	10.96%	7.69%	—	—	—
LSR	31.70%	19.22%	11.60%	6.44%	—	—	—
Change in Working Capital
Avg YoY	181.76%	2,011.62%	383.61%	228.94%	-306.80%	-254.13%	-220.36%
Slope	730.05%	153.61%	49.81%	108.78%	672.63%	113.61%	33.05%
CAGR	—	—	74.34%	16.90%	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	23.81%	-382.58%	-182.04%	-147.13%	-147.13%	-147.13%	-147.13%
Slope	29.34%	-54.03%	-16.63%	-19.76%	-18.61%	-16.71%	-14.93%
CAGR	-29.11%	—	19.57%	—	—	—	—
LSR	-29.11%	—	—	—	—	—	—
Inventory
Avg YoY	—	—	-24.15%	-8.52%	-8.52%	-8.52%	-8.52%
Slope	—	—	-36.35%	-9.35%	2.27%	6.26%	7.68%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	-35.62%	9.58%	156.07%	51.55%	51.55%	51.55%	51.55%
Slope	-50.55%	48.90%	21.18%	18.91%	18.13%	16.40%	14.72%
CAGR	-52.72%	—	—	-2.22%	—	—	—
LSR	-52.72%	—	—	—	—	—	—
Other Working Capital
Avg YoY	197.13%	300.00%	176.29%	-777.20%	-1,049.30%	-841.95%	-706.83%
Slope	539.60%	139.85%	36.88%	9.56%	-2.10%	-6.14%	-7.54%
CAGR	—	182.46%	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	1.90%	449.94%	187.67%	309.74%	302.13%	219.73%	199.18%
Slope	-65.49%	23.69%	17.98%	39.71%	35.75%	27.29%	22.09%
CAGR	-41.95%	102.56%	11.30%	—	—	18.18%	—
LSR	-41.95%	96.90%	11.88%	—	—	—	—
Net Cash from Operating Activities
Avg YoY	4.33%	163.13%	20.05%	78.78%	77.02%	56.96%	63.62%
Slope	-16.90%	31.45%	18.52%	24.19%	17.84%	11.84%	10.30%
CAGR	-13.36%	—	14.65%	—	—	6.68%	13.80%
LSR	-13.36%	—	—	—	—	—	—
Capital Expenditures (PPE)
Avg YoY	—	—	—	—	—	-0.22%	24.83%
Slope	-150.00%	-100.00%	-54.55%	-37.50%	-28.57%	-20.62%	-17.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Acquisitions (Net)
Avg YoY	—	—	—	—	—	0.22%	-24.83%
Slope	—	—	—	—	—	-18.94%	-11.26%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	27.95%	1.51%	-3.99%	-3.57%	-6.87%	-20.81%	-43.63%
Slope	31.68%	4.03%	-4.81%	-4.97%	-4.02%	-6.25%	-6.94%
CAGR	-28.15%	-5.28%	1.66%	1.69%	2.91%	7.60%	12.77%
LSR	-28.15%	-4.88%	4.83%	4.93%	4.10%	9.19%	11.89%
Sales / Maturities of Investments
Avg YoY	-12.64%	0.76%	9.79%	13.62%	11.11%	15.92%	43.59%
Slope	-14.03%	-3.08%	5.38%	7.87%	5.03%	6.65%	7.43%
CAGR	-12.85%	-0.83%	5.63%	9.78%	4.89%	8.28%	16.65%
LSR	-12.85%	-3.01%	6.09%	9.85%	5.51%	8.77%	13.85%
Other Investing Activities
Avg YoY	-69.34%	-36.26%	-51.68%	-40.74%	570.31%	490.54%	-16,468.06%
Slope	-32.90%	-10.67%	-11.59%	-17.30%	-17.81%	-12.98%	-11.24%
CAGR	31.88%	10.60%	17.29%	—	—	9.06%	11.91%
LSR	31.88%	7.69%	12.43%	—	—	—	—
Net Cash from Investing Activities
Avg YoY	25.16%	-22.28%	-50.11%	-122.50%	-152.13%	-122.86%	-164.91%
Slope	30.97%	-3.57%	-7.61%	-3.77%	-7.30%	-8.23%	-7.50%
CAGR	-25.95%	-1.21%	3.69%	-0.27%	8.30%	7.52%	8.55%
LSR	-25.95%	4.84%	9.57%	5.46%	—	—	—
Net Debt Issuance
Avg YoY	-22.29%	62.41%	97.18%	65.55%	727.44%	489.96%	437.60%
Slope	-25.40%	-3.00%	8.30%	1.27%	5.95%	7.69%	7.06%
CAGR	-22.36%	-11.31%	1.92%	-3.50%	6.37%	5.75%	12.99%
LSR	-22.36%	3.00%	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	-22.29%	62.41%	97.85%	74.24%	69.75%	139.49%	147.56%
Slope	-25.40%	-3.00%	8.32%	6.89%	7.90%	7.88%	7.08%
CAGR	-22.36%	-11.31%	1.92%	4.88%	6.37%	5.75%	12.99%
LSR	-22.36%	3.00%	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	—	—	—	-36.68%	152.96%	145.40%	145.40%
Slope	—	—	—	-32.35%	-9.37%	2.45%	5.04%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	-16,016.94%	-8,035.73%	30,835.51%	21,086.61%	15,557.16%	12,322.33%	10,559.88%
Slope	-151.25%	-147.54%	243.34%	-6.09%	10.30%	4.74%	0.83%
CAGR	—	—	-12.37%	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	21.75%	-23.46%	48,769.06%	32,305.99%	23,834.93%	22,642.89%	22,642.89%
Slope	19.61%	-80.46%	10.34%	17.28%	14.82%	14.18%	13.18%
CAGR	21.75%	-80.45%	-17.60%	3.48%	-7.13%	—	—
LSR	21.75%	-85.52%	9.30%	10.99%	-2.93%	—	—
Common Stock Repurchased
Avg YoY	—	100.00%	98.72%	98.72%	60.05%	29.15%	29.15%
Slope	—	100.00%	42.49%	5.39%	0.73%	-4.06%	-6.15%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	—	32.66%	2,997.84%	2,295.62%	2,029.44%	2,029.44%
Slope	-150.00%	-100.00%	30.20%	-105.05%	-122.38%	-1,815.80%	-1,263.69%
CAGR	—	—	-11.99%	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	-11.91%	-13.75%	-18.09%	-17.86%	-24.16%	-30.59%	-30.59%
Slope	-11.29%	-11.95%	-14.88%	-14.63%	-12.82%	-12.69%	-12.15%
CAGR	11.88%	13.67%	17.87%	8.42%	14.61%	—	—
LSR	11.88%	12.93%	17.80%	19.52%	15.47%	—	—
Common Dividends Paid
Avg YoY	-11.91%	-13.75%	-18.09%	-22.18%	-21.93%	-28.66%	-28.66%
Slope	-11.29%	-11.95%	-14.88%	-16.69%	-13.78%	-13.29%	-12.56%
CAGR	11.88%	13.67%	17.87%	20.41%	14.61%	—	—
LSR	11.88%	12.93%	17.80%	23.99%	16.63%	—	—
Preferred Dividends Paid
Avg YoY	—	—	—	100.00%	100.00%	100.00%	100.00%
Slope	—	—	—	37.50%	13.53%	3.85%	-0.67%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Financing Activities
Avg YoY	-70.18%	-78.06%	-198.45%	-120.77%	1,347.39%	1,347.39%	1,088.82%
Slope	-51.35%	-46.49%	31.48%	14.82%	-68.38%	-48.53%	-37.18%
CAGR	70.05%	75.06%	1.05%	-10.81%	—	—	—
LSR	70.05%	70.03%	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-26.06%	44.72%	81.03%	48.69%	83.74%	-4.38%	17.49%
Slope	-29.84%	-7.11%	9.36%	0.95%	5.65%	7.43%	6.80%
CAGR	-26.06%	-14.92%	3.48%	-4.59%	5.93%	5.16%	12.48%
LSR	-26.06%	-1.98%	—	—	—	—	—
Effect of FX on Cash
Avg YoY	—	—	—	—	—	—	-100.00%
Slope	—	—	—	—	—	—	-15.35%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Change in Cash
Avg YoY	272.18%	119.33%	50.45%	140.48%	171.21%	140.66%	131.22%
Slope	239.51%	-52.79%	151.61%	13.36%	2.71%	0.77%	-0.02%
CAGR	—	-25.41%	—	4.04%	8.84%	-1.51%	—
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-1.43%	13.71%	7.44%	11.26%	25.05%	22.21%	43.85%
Slope	-1.56%	4.22%	-0.68%	0.37%	2.81%	2.79%	4.25%
CAGR	-1.53%	9.64%	-4.33%	1.96%	4.14%	4.28%	7.32%
LSR	-1.53%	5.60%	2.48%	0.19%	3.77%	2.93%	7.34%
Cash at End of Period
Avg YoY	8.77%	-0.16%	9.99%	11.19%	26.04%	20.93%	47.46%
Slope	8.39%	-0.88%	6.17%	0.75%	2.81%	2.71%	4.05%
CAGR	8.60%	-0.67%	-1.51%	2.20%	4.57%	2.86%	16.25%
LSR	8.60%	-0.84%	9.58%	0.89%	4.06%	2.92%	6.68%
Operating Cash Flow
Avg YoY	4.33%	163.13%	20.05%	78.78%	77.02%	56.31%	63.08%
Slope	-16.90%	31.45%	18.52%	24.19%	17.84%	12.21%	10.53%
CAGR	-13.36%	—	14.65%	—	—	6.68%	13.80%
LSR	-13.36%	—	—	—	—	—	—
Capital Expenditure
Avg YoY	—	—	—	—	—	-0.22%	24.83%
Slope	-150.00%	-100.00%	-54.55%	-37.50%	-28.57%	-20.62%	-17.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Free Cash Flow
Avg YoY	3.64%	162.78%	19.90%	78.68%	76.95%	56.27%	63.07%
Slope	-17.39%	31.28%	18.46%	24.17%	17.82%	12.20%	10.52%
CAGR	-13.73%	—	14.54%	—	—	6.64%	13.77%
LSR	-13.73%	—	—	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	6.33%	16.87%	10.85%	13.85%	44.07%	35.54%	37.86%
Slope	5.95%	14.79%	10.22%	9.32%	4.37%	3.45%	4.15%
CAGR	6.23%	16.32%	10.40%	9.25%	3.47%	2.64%	8.61%
LSR	6.23%	17.11%	10.49%	10.16%	5.14%	3.39%	4.92%
(-) Tax Adjustment
Avg YoY	3.07%	15.41%	6.98%	94.05%	184.79%	145.04%	167.78%
Slope	2.69%	13.48%	3.93%	8.17%	3.70%	1.67%	3.51%
CAGR	2.80%	14.59%	4.74%	8.85%	0.89%	0.21%	—
LSR	2.80%	15.65%	3.80%	12.04%	—	—	—
Change In Working Capital
Avg YoY	181.76%	2,011.62%	383.61%	228.94%	-306.80%	-254.13%	-220.36%
Slope	730.05%	153.61%	49.81%	108.78%	672.63%	113.61%	33.05%
CAGR	—	—	74.34%	16.90%	—	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	—	—	—	—	—	-0.22%	24.83%
Slope	-150.00%	-100.00%	-54.55%	-37.50%	-28.57%	-20.62%	-17.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-55.82%	22.37%	19.04%	24.07%	17.65%	15.83%	19.13%
Slope	-71.47%	-3.20%	8.63%	6.64%	2.28%	2.57%	2.89%
CAGR	-56.30%	-14.69%	-2.05%	2.27%	-3.56%	-2.08%	2.28%
LSR	-56.30%	-7.79%	7.76%	6.10%	1.91%	2.01%	2.65%
Net Interest After Taxes
Avg YoY	14.90%	16.77%	14.99%	10.95%	15.31%	18.36%	21.16%
Slope	13.51%	15.78%	13.40%	9.78%	9.32%	9.36%	9.53%
CAGR	14.76%	16.67%	14.58%	9.60%	12.01%	14.45%	17.47%
LSR	14.76%	17.54%	14.69%	9.63%	10.34%	11.65%	14.79%
Net Debt Issuance
Avg YoY	-22.29%	62.41%	97.18%	65.55%	727.44%	489.96%	437.60%
Slope	-25.40%	-3.00%	8.30%	1.27%	5.95%	7.69%	7.06%
CAGR	-22.36%	-11.31%	1.92%	-3.50%	6.37%	5.75%	12.99%
LSR	-22.36%	3.00%	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-30.43%	85.98%	104.04%	68.52%	177.87%	118.23%	120.10%
Slope	-35.99%	-5.68%	7.70%	0.82%	5.23%	6.95%	6.34%
CAGR	-30.48%	-14.80%	0.02%	-4.62%	4.35%	4.01%	10.22%
LSR	-30.48%	0.88%	—	—	—	—	—