Fortive Corporation (0IRE.L)

Analysis: Growth Rates Industry: Industrial - Capital Goods Sector: Industrials Live Price: $55.04

Enterprise Value

Metric / Stat	3Y	5Y	10Y
Stock Price
Avg YoY	8.05%	2.72%	3.01%
Slope	7.42%	1.35%	2.41%
CAGR	7.87%	2.08%	2.51%
LSR	7.87%	1.36%	2.49%
Market Capitalization
Avg YoY	8.18%	4.21%	3.04%
Slope	7.51%	2.35%	2.34%
CAGR	7.98%	3.41%	2.39%
LSR	7.98%	2.42%	2.40%
(-) Cash & Equivalents
Avg YoY	56.81%	10.97%	16.74%
Slope	5.32%	-7.56%	7.62%
CAGR	8.30%	-17.94%	—
LSR	8.30%	-7.28%	—
(+) Total Debt
Avg YoY	8.27%	-2.14%	7.02%
Slope	7.73%	-3.43%	5.53%
CAGR	8.17%	-2.89%	—
LSR	8.17%	-3.23%	—
Enterprise Value
Avg YoY	8.00%	4.33%	5.18%
Slope	7.66%	1.85%	2.65%
CAGR	8.00%	3.54%	4.04%
LSR	8.00%	1.92%	2.85%

Income Statement

Metric / Stat	3Y	5Y	10Y
Revenue
Avg YoY	3.43%	7.78%	0.97%
Slope	3.36%	7.15%	-0.40%
CAGR	3.43%	7.68%	0.09%
LSR	3.43%	7.64%	-0.39%
Cost of Revenue
Avg YoY	0.78%	5.63%	-1.56%
Slope	0.78%	5.10%	-3.62%
CAGR	0.78%	5.51%	-2.61%
LSR	0.78%	5.39%	-3.36%
Gross Profit
Avg YoY	5.33%	9.36%	3.15%
Slope	5.16%	8.62%	2.29%
CAGR	5.32%	9.27%	2.43%
LSR	5.32%	9.27%	2.18%
Gross Margin
Avg YoY	1.84%	1.48%	2.35%
Slope	1.81%	1.51%	2.53%
CAGR	1.83%	1.48%	2.33%
LSR	1.83%	1.52%	2.58%
R&D Expenses
Avg YoY	1.58%	6.74%	1.60%
Slope	1.55%	6.08%	0.65%
CAGR	1.54%	6.59%	1.02%
LSR	1.54%	6.45%	0.62%
SG&A Expenses
Avg YoY	4.59%	6.82%	5.66%
Slope	4.47%	6.39%	5.35%
CAGR	4.59%	6.79%	5.39%
LSR	4.59%	6.72%	5.55%
Operating Expenses
Avg YoY	4.08%	6.79%	4.67%
Slope	3.99%	6.33%	4.43%
CAGR	4.08%	6.76%	4.38%
LSR	4.08%	6.66%	4.51%
Operating Income (EBIT)
Avg YoY	8.28%	16.34%	2.72%
Slope	7.75%	14.12%	-2.20%
CAGR	8.19%	15.99%	-1.05%
LSR	8.19%	16.14%	-1.93%
Operating Margin
Avg YoY	4.67%	7.79%	0.29%
Slope	4.45%	7.42%	-1.73%
CAGR	4.60%	7.71%	-1.14%
LSR	4.60%	7.90%	-1.55%
Interest Income
Avg YoY	-100.00%	-45.08%	4.54%
Slope	-150.00%	-57.17%	-1.66%
CAGR	—	—	—
LSR	—	—	—
Interest Expense
Avg YoY	24.68%	3.53%	3.65%
Slope	21.82%	2.31%	24.01%
CAGR	24.68%	0.72%	—
LSR	24.68%	2.39%	—
Net Interest Income
Avg YoY	23.72%	23.72%	0.48%
Slope	-82.95%	-77.65%	-306.78%
CAGR	—	—	—
LSR	—	—	—
Other Income / Expense
Avg YoY	68.61%	1.21%	-494.71%
Slope	-45.13%	-2,332.60%	-87.51%
CAGR	—	—	—
LSR	—	—	—
Unusual Items
Avg YoY	68.61%	1.21%	-494.71%
Slope	45.13%	2,332.60%	87.51%
CAGR	65.25%	—	34.92%
LSR	65.25%	—	—
EBT excl. Unusual
Avg YoY	-9.08%	-13.59%	153.79%
Slope	-9.54%	-33.34%	-6.20%
CAGR	-9.33%	-28.75%	-7.63%
LSR	-9.33%	-21.23%	-6.41%
Pre-Tax Income
Avg YoY	5.64%	-3.71%	27.62%
Slope	5.09%	-7.60%	-3.15%
CAGR	5.36%	-10.45%	-2.95%
LSR	5.36%	-4.90%	-2.79%
Pre-Tax Margin
Avg YoY	2.10%	-9.97%	25.05%
Slope	1.81%	-16.52%	-2.42%
CAGR	1.87%	-16.84%	-3.04%
LSR	1.87%	-11.65%	-2.41%
Income Tax Expense
Avg YoY	7.51%	28.99%	-4.16%
Slope	7.26%	22.46%	-16.48%
CAGR	7.50%	25.28%	-11.39%
LSR	7.50%	28.19%	-12.39%
Net Income
Avg YoY	5.42%	-6.83%	24.01%
Slope	4.75%	-13.94%	-4.26%
CAGR	5.02%	-15.23%	-0.40%
LSR	5.02%	-9.24%	-3.52%
Net Margin
Avg YoY	1.87%	-12.76%	19.82%
Slope	1.49%	-23.10%	-3.48%
CAGR	1.54%	-21.28%	-0.50%
LSR	1.54%	-15.68%	-3.15%
Depreciation & Amortization
Avg YoY	8.59%	9.47%	15.05%
Slope	8.01%	8.48%	13.08%
CAGR	8.08%	9.09%	13.29%
LSR	8.08%	8.77%	15.33%
EBITDA
Avg YoY	8.16%	13.71%	3.66%
Slope	7.83%	12.33%	1.57%
CAGR	8.16%	13.57%	1.76%
LSR	8.16%	13.63%	1.41%
EBITDA Margin
Avg YoY	4.57%	5.48%	2.00%
Slope	4.48%	5.40%	1.87%
CAGR	4.57%	5.47%	1.66%
LSR	4.57%	5.57%	1.80%
NOPAT
Avg YoY	8.28%	16.34%	2.72%
Slope	7.75%	14.12%	-2.20%
CAGR	8.19%	15.99%	-1.05%
LSR	8.19%	16.14%	-1.93%
NOPAT Margin
Avg YoY	4.67%	7.79%	0.29%
Slope	4.45%	7.42%	-1.73%
CAGR	4.60%	7.71%	-1.14%
LSR	4.60%	7.90%	-1.55%
Owner's Earnings
Avg YoY	5.70%	-5.25%	22.44%
Slope	5.48%	-8.26%	-0.07%
CAGR	5.68%	-10.08%	3.52%
LSR	5.68%	-5.90%	1.25%
Owner's Earnings Margin
Avg YoY	2.19%	-11.37%	18.54%
Slope	2.14%	-17.10%	0.45%
CAGR	2.18%	-16.50%	3.42%
LSR	2.18%	-12.57%	1.65%
EPS (Basic)
Avg YoY	6.51%	-7.24%	23.90%
Slope	5.74%	-15.13%	-4.42%
CAGR	6.10%	-15.96%	-0.52%
LSR	6.10%	-9.95%	-3.75%
EPS (Diluted)
Avg YoY	6.64%	-6.77%	22.74%
Slope	5.83%	-13.57%	-4.53%
CAGR	6.20%	-14.86%	-0.64%
LSR	6.20%	-9.01%	-3.84%
Shares (Basic)
Avg YoY	-1.02%	0.88%	0.13%
Slope	-1.02%	0.78%	0.24%
CAGR	-1.02%	0.86%	0.12%
LSR	-1.02%	0.79%	0.24%
Shares (Diluted)
Avg YoY	-1.11%	-0.42%	0.27%
Slope	-1.12%	-0.26%	0.33%
CAGR	-1.11%	-0.43%	0.24%
LSR	-1.11%	-0.25%	0.33%

Balance Sheet

Metric / Stat	3Y	5Y	10Y
Cash & Cash Equivalents
Avg YoY	56.81%	10.97%	16.74%
Slope	5.32%	-7.56%	7.62%
CAGR	8.30%	-17.94%	—
LSR	8.30%	-7.28%	—
Short-Term Investments
Avg YoY	—	-100.00%	-100.00%
Slope	—	-100.00%	6.06%
CAGR	—	—	—
LSR	—	—	—
Cash & Short-Term Investments
Avg YoY	56.81%	6.63%	25.56%
Slope	5.32%	-21.89%	7.46%
CAGR	8.30%	-27.19%	—
LSR	8.30%	-15.74%	—
Net Receivables
Avg YoY	4.34%	7.67%	1.53%
Slope	4.11%	6.86%	0.07%
CAGR	4.26%	7.50%	0.68%
LSR	4.26%	7.34%	0.07%
Inventory
Avg YoY	1.89%	5.17%	0.91%
Slope	1.87%	4.17%	-0.16%
CAGR	1.89%	5.03%	0.21%
LSR	1.89%	4.39%	-0.14%
Other Current Assets
Avg YoY	-100.00%	-100.00%	479.96%
Slope	-740.03%	-889.81%	-12.44%
CAGR	—	—	—
LSR	—	—	—
Total Current Assets
Avg YoY	11.61%	-5.93%	10.08%
Slope	2.36%	-8.30%	2.56%
CAGR	2.80%	-13.23%	4.91%
LSR	2.80%	-6.85%	3.12%
Property, Plant & Equipment
Avg YoY	2.27%	-0.08%	1.52%
Slope	2.23%	0.21%	0.67%
CAGR	2.26%	-0.13%	1.42%
LSR	2.26%	0.21%	0.71%
Goodwill
Avg YoY	7.25%	9.44%	11.56%
Slope	6.99%	6.45%	10.30%
CAGR	7.14%	8.86%	10.80%
LSR	7.14%	6.89%	11.80%
Intangible Assets
Avg YoY	-0.76%	1.62%	22.68%
Slope	-1.06%	-1.61%	12.64%
CAGR	-1.03%	0.81%	17.61%
LSR	-1.03%	-1.51%	19.40%
Long-Term Investments
Avg YoY	24.46%	-17.03%	-15.61%
Slope	19.29%	5.04%	-14.15%
CAGR	22.82%	-6.03%	—
LSR	22.82%	—	—
Tax Assets
Avg YoY	—	-100.00%	-55.53%
Slope	—	100.00%	0.36%
CAGR	—	—	—
LSR	—	—	—
Other Non-Current Assets
Avg YoY	15.65%	1.17%	96.07%
Slope	14.01%	-1.55%	-5.43%
CAGR	15.44%	-0.56%	-2.16%
LSR	15.44%	-1.47%	-4.31%
Total Non-Current Assets
Avg YoY	5.20%	6.70%	12.60%
Slope	5.03%	4.03%	9.29%
CAGR	5.08%	6.16%	10.83%
LSR	5.08%	4.25%	11.29%
Total Assets
Avg YoY	4.80%	2.11%	10.84%
Slope	4.59%	1.81%	7.94%
CAGR	4.75%	1.99%	9.78%
LSR	4.75%	1.81%	9.62%
Accounts Payable
Avg YoY	5.65%	9.65%	1.36%
Slope	5.41%	7.79%	-1.01%
CAGR	5.45%	9.42%	0.10%
LSR	5.45%	8.31%	-0.96%
Short-Term Debt
Avg YoY	455.47%	226.96%	189.80%
Slope	-59.31%	-41.31%	11.93%
CAGR	-35.00%	-26.59%	—
LSR	-35.00%	-47.95%	—
Tax Payables
Avg YoY	-50.30%	6.49%	11.14%
Slope	-75.23%	-7.06%	2.19%
CAGR	—	—	—
LSR	—	—	—
Deferred Revenue
Avg YoY	-100.00%	-22.46%	-0.37%
Slope	7.83%	-2.44%	11.40%
CAGR	5.36%	10.59%	—
LSR	—	—	—
Other Current Liabilities
Avg YoY	54.03%	34.23%	15.82%
Slope	-14.30%	14.10%	-6.72%
CAGR	-24.16%	-7.10%	-10.95%
LSR	-24.16%	7.30%	-9.89%
Total Current Liabilities
Avg YoY	-11.32%	-3.71%	10.03%
Slope	-17.60%	-14.06%	3.51%
CAGR	-14.96%	-8.23%	5.30%
LSR	-14.96%	-13.61%	4.45%
Long-Term Debt
Avg YoY	28.19%	10.78%	7.33%
Slope	18.51%	10.58%	3.40%
CAGR	23.00%	4.61%	—
LSR	23.00%	11.11%	—
Capital Lease Obligations
Avg YoY	15.62%	3.77%	-12.62%
Slope	13.53%	3.89%	25.22%
CAGR	15.07%	2.84%	—
LSR	15.07%	3.80%	—
Deferred Tax Liabilities
Avg YoY	-51.09%	-36.92%	-52.69%
Slope	-75.83%	-1.88%	20.48%
CAGR	—	—	—
LSR	—	—	—
Other Non-Current Liabilities
Avg YoY	1.65%	-2.02%	8.28%
Slope	1.39%	-4.77%	7.26%
CAGR	1.37%	-2.63%	—
LSR	1.37%	-4.60%	—
Total Non-Current Liabilities
Avg YoY	16.63%	4.73%	6.34%
Slope	12.43%	5.95%	5.05%
CAGR	14.33%	2.62%	—
LSR	14.33%	6.01%	—
Total Liabilities
Avg YoY	3.23%	-0.85%	48.04%
Slope	3.03%	-1.42%	4.50%
CAGR	3.12%	-1.12%	21.12%
LSR	3.12%	-1.39%	9.92%
Common Stock
Avg YoY	2.53%	2.65%	-10.59%
Slope	2.50%	1.93%	-54.18%
CAGR	2.52%	2.58%	-55.41%
LSR	2.52%	1.97%	-32.67%
Retained Earnings
Avg YoY	11.72%	10.85%	60.63%
Slope	11.01%	10.32%	22.09%
CAGR	11.71%	10.84%	—
LSR	11.71%	10.89%	—
Accumulated OCI
Avg YoY	22.72%	37.74%	234.72%
Slope	-19.90%	-27.66%	-25.02%
CAGR	—	—	—
LSR	—	—	—
Minority Interest
Avg YoY	17.56%	-0.39%	45.21%
Slope	15.58%	-1.84%	-3.47%
CAGR	17.33%	-4.32%	9.61%
LSR	17.33%	-0.75%	1.02%
Total Shareholders’ Equity
Avg YoY	11.25%	9.96%	62.16%
Slope	10.54%	9.55%	13.31%
CAGR	11.22%	9.94%	4.35%
LSR	11.22%	10.02%	24.36%
Total Equity
Avg YoY	11.25%	9.94%	61.96%
Slope	10.55%	9.54%	13.28%
CAGR	11.23%	9.92%	4.35%
LSR	11.23%	10.01%	24.25%
Total Liabilities & Equity
Avg YoY	7.40%	4.34%	10.84%
Slope	7.01%	4.07%	8.27%
CAGR	7.35%	4.22%	9.15%
LSR	7.35%	4.11%	9.87%
Tangible Assets
Avg YoY	9.30%	-5.44%	8.45%
Slope	3.53%	-5.93%	0.70%
CAGR	4.04%	-10.00%	3.47%
LSR	4.04%	-5.00%	1.17%
Tangible Equity
Avg YoY	-1.08%	5.23%	-110.09%
Slope	2.26%	1.70%	-8.70%
CAGR	—	—	—
LSR	—	—	—
Tangible Book Value
Avg YoY	-1.08%	5.23%	-110.09%
Slope	2.26%	1.70%	-8.70%
CAGR	—	—	—
LSR	—	—	—
Total Investments
Avg YoY	24.46%	-17.03%	169.06%
Slope	19.29%	-81.81%	-3.78%
CAGR	22.82%	-52.67%	—
LSR	22.82%	—	—
Net Debt
Avg YoY	18.11%	11.43%	14.76%
Slope	9.28%	-1.26%	4.05%
CAGR	8.58%	5.01%	—
LSR	8.58%	-1.76%	—

Capital Structure

Metric / Stat	3Y	5Y	10Y
Working Capital
Avg YoY	-473.50%	-300.94%	-47.19%
Slope	42.24%	11.87%	-7.09%
CAGR	—	-34.05%	0.72%
LSR	—	—	—
Total Capital
Avg YoY	5.00%	1.80%	12.68%
Slope	4.72%	1.57%	9.17%
CAGR	4.91%	1.65%	11.50%
LSR	4.91%	1.57%	11.44%
Capital Employed
Avg YoY	7.53%	3.59%	11.47%
Slope	6.70%	4.29%	8.42%
CAGR	7.15%	3.33%	10.50%
LSR	7.15%	4.32%	10.07%
Invested Capital
Avg YoY	4.81%	4.13%	12.25%
Slope	4.67%	2.45%	9.32%
CAGR	4.71%	3.87%	10.77%
LSR	4.71%	2.50%	11.42%

Cash Flow

Metric / Stat	3Y	5Y	10Y
Net Income
Avg YoY	6.64%	-3.63%	3.21%
Slope	5.83%	-5.59%	-1.33%
CAGR	6.20%	-8.62%	-0.64%
LSR	6.20%	-3.71%	-1.47%
Depreciation & Amortization
Avg YoY	9.78%	9.87%	14.91%
Slope	9.15%	8.77%	12.79%
CAGR	9.30%	9.57%	13.02%
LSR	9.30%	9.04%	14.95%
Deferred Income Tax
Avg YoY	100.00%	36.43%	-200.33%
Slope	-5.10%	19.58%	-24.13%
CAGR	3.46%	-9.27%	—
LSR	—	—	—
Stock-Based Compensation
Avg YoY	-38.72%	-8.28%	3.05%
Slope	-67.40%	-12.84%	5.72%
CAGR	—	—	—
LSR	—	—	—
Change in Working Capital
Avg YoY	230.71%	102.26%	77.13%
Slope	152.45%	-39.58%	39.07%
CAGR	—	-23.02%	—
LSR	—	—	—
Accounts Receivable
Avg YoY	-13.60%	-47.92%	-46.42%
Slope	152.37%	-78.64%	9.54%
CAGR	-70.28%	—	-23.96%
LSR	—	—	—
Inventory
Avg YoY	358.74%	23.96%	-16.09%
Slope	223.92%	45.06%	10.92%
CAGR	—	—	—
LSR	—	—	—
Accounts Payable
Avg YoY	212.40%	186.55%	123.01%
Slope	-5.69%	5.00%	10.64%
CAGR	-3.32%	42.96%	—
LSR	—	—	—
Other Working Capital
Avg YoY	279.54%	101.61%	90.57%
Slope	82.44%	-58.38%	5.94%
CAGR	—	-40.67%	—
LSR	—	—	—
Other Non-Cash Items
Avg YoY	-39.71%	229.69%	59.95%
Slope	101.97%	129.14%	-34.29%
CAGR	26.24%	—	4.43%
LSR	—	—	—
Net Cash from Operating Activities
Avg YoY	9.54%	4.91%	5.89%
Slope	9.14%	4.68%	2.50%
CAGR	9.46%	1.98%	4.46%
LSR	9.46%	5.02%	2.47%
Capital Expenditures (PPE)
Avg YoY	-13.37%	-20.28%	-4.35%
Slope	-12.49%	-16.71%	2.86%
CAGR	13.37%	12.79%	-0.21%
LSR	13.37%	18.79%	-2.96%
Acquisitions (Net)
Avg YoY	-2,299.71%	-2,961.99%	-1,442.47%
Slope	-141.43%	-9.21%	-0.71%
CAGR	2,213.39%	163.96%	52.33%
LSR	2,213.39%	56.33%	-4.11%
Other Investing Activities
Avg YoY	112.71%	108.47%	529.46%
Slope	97.86%	120.40%	-18.71%
CAGR	—	-59.44%	—
LSR	—	—	—
Net Cash from Investing Activities
Avg YoY	-459.93%	-629.93%	-340.10%
Slope	-121.70%	-9.01%	-1.71%
CAGR	323.31%	87.33%	29.29%
LSR	323.31%	27.36%	0.49%
Net Debt Issuance
Avg YoY	83.73%	27.43%	259.60%
Slope	124.49%	69.15%	-53.57%
CAGR	—	—	—
LSR	—	—	—
Long-Term Debt Issuance
Avg YoY	150.43%	34.40%	263.09%
Slope	512.94%	113.31%	-43.63%
CAGR	—	—	—
LSR	—	—	—
Short-Term Debt Issuance
Avg YoY	—	-100.00%	-100.00%
Slope	-150.00%	-337.20%	-112.05%
CAGR	—	—	—
LSR	—	—	—
Net Stock Issuance
Avg YoY	-95.54%	-95.54%	-95.54%
Slope	-42.98%	-64.33%	-45.90%
CAGR	43.32%	—	—
LSR	43.32%	—	—
Common Stock Issuance
Avg YoY	—	—	-100.00%
Slope	—	—	-18.18%
CAGR	—	—	—
LSR	—	—	—
Common Stock Repurchased
Avg YoY	-95.54%	-95.54%	-95.54%
Slope	-42.98%	-64.33%	-45.90%
CAGR	43.32%	—	—
LSR	43.32%	—	—
Net Dividends Paid
Avg YoY	-6.95%	7.54%	8.53%
Slope	-6.74%	10.78%	29.54%
CAGR	6.91%	-8.78%	—
LSR	6.91%	-9.55%	—
Common Dividends Paid
Avg YoY	-6.95%	6.43%	7.98%
Slope	-6.74%	8.40%	29.95%
CAGR	6.91%	-8.78%	—
LSR	6.91%	-6.77%	—
Preferred Dividends Paid
Avg YoY	—	100.00%	100.00%
Slope	—	50.00%	-18.18%
CAGR	—	—	—
LSR	—	—	—
Other Financing Activities
Avg YoY	6,500.04%	3,195.16%	1,485.95%
Slope	12.72%	-43.28%	19.10%
CAGR	—	-53.87%	—
LSR	—	—	—
Net Cash from Financing Activities
Avg YoY	-1,235.54%	-641.57%	1,459.03%
Slope	33.81%	-20.58%	-51.36%
CAGR	-20.20%	3.75%	—
LSR	—	—	—
Effect of FX on Cash
Avg YoY	22.49%	-299.12%	-87.13%
Slope	57.10%	-118.63%	-42.95%
CAGR	-39.34%	—	—
LSR	-39.34%	—	—
Net Change in Cash
Avg YoY	497.58%	204.77%	347.23%
Slope	-11,300.44%	-145.00%	-87.04%
CAGR	216.07%	—	—
LSR	—	—	—
Cash at Beginning of Period
Avg YoY	78.13%	38.60%	28.29%
Slope	48.08%	2.23%	15.77%
CAGR	53.55%	12.38%	—
LSR	53.55%	-0.21%	—
Cash at End of Period
Avg YoY	56.81%	10.97%	16.74%
Slope	5.32%	-7.56%	7.62%
CAGR	8.30%	-17.94%	—
LSR	8.30%	-7.28%	—
Operating Cash Flow
Avg YoY	9.54%	4.91%	5.89%
Slope	9.14%	4.68%	2.50%
CAGR	9.46%	1.98%	4.46%
LSR	9.46%	5.02%	2.47%
Capital Expenditure
Avg YoY	-13.37%	-20.28%	-4.35%
Slope	-12.49%	-16.71%	2.86%
CAGR	13.37%	12.79%	-0.21%
LSR	13.37%	18.79%	-2.96%
Free Cash Flow
Avg YoY	9.24%	4.02%	6.34%
Slope	8.86%	3.80%	2.97%
CAGR	9.14%	1.26%	4.98%
LSR	9.14%	4.12%	3.03%

Free Cash Flow

Metric / Stat	3Y	5Y	10Y
EBITDA
Avg YoY	9.37%	14.18%	3.23%
Slope	8.95%	12.57%	1.22%
CAGR	9.37%	14.07%	1.51%
LSR	9.37%	13.90%	1.07%
(-) Tax Adjustment
Avg YoY	12.04%	75.16%	15.58%
Slope	11.27%	31.35%	-11.01%
CAGR	11.59%	59.57%	-7.31%
LSR	11.59%	53.53%	-8.91%
Change In Working Capital
Avg YoY	230.71%	102.26%	77.13%
Slope	152.45%	-39.58%	39.07%
CAGR	—	-23.02%	—
LSR	—	—	—
Capital Expenditure
Avg YoY	-13.37%	-20.28%	-4.35%
Slope	-12.49%	-16.71%	2.86%
CAGR	—	—	—
LSR	—	—	—
Unlevered Free Cash Flow
Avg YoY	3.53%	24.14%	7.66%
Slope	3.44%	12.84%	3.21%
CAGR	3.52%	19.80%	2.06%
LSR	3.52%	16.49%	3.04%
Net Interest After Taxes
Avg YoY	-22.59%	-22.59%	-4.83%
Slope	-82.61%	-77.54%	-256.04%
CAGR	—	—	—
LSR	—	—	—
Net Debt Issuance
Avg YoY	83.73%	27.43%	259.60%
Slope	124.49%	69.15%	-53.57%
CAGR	—	—	—
LSR	—	—	—
Levered Free Cash Flow
Avg YoY	81.81%	78.82%	67.85%
Slope	55.29%	76.50%	-10.60%
CAGR	81.48%	—	4.28%
LSR	81.48%	—	—