Monolithic Power Systems, Inc. (MPWR)

Analysis: Growth Rates Industry: Semiconductors Sector: Technology Live Price: $1,033.17

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Stock Price
Avg YoY	36.09%	19.64%	34.07%	33.78%	29.37%	25.57%
Slope	22.66%	12.08%	22.55%	21.29%	18.39%	16.03%
CAGR	29.36%	12.74%	28.10%	29.12%	21.34%	18.61%
LSR	29.36%	12.81%	31.46%	33.21%	25.76%	21.06%
Market Capitalization
Avg YoY	37.92%	20.85%	34.25%	34.02%	29.19%	24.80%
Slope	23.98%	13.14%	22.84%	21.42%	18.50%	16.09%
CAGR	31.28%	13.95%	28.53%	29.58%	21.94%	18.59%
LSR	31.28%	13.99%	31.72%	33.35%	26.05%	21.01%
(-) Cash & Equivalents
Avg YoY	56.12%	29.68%	33.37%	29.25%	26.90%	16.48%
Slope	39.72%	24.93%	20.21%	14.08%	11.29%	9.07%
CAGR	54.07%	18.75%	22.85%	18.81%	16.23%	19.77%
LSR	54.07%	26.90%	22.02%	13.68%	10.84%	—
(+) Total Debt
Avg YoY	207.51%	105.01%	85.75%	85.75%	85.75%	85.75%
Slope	91.86%	58.48%	40.06%	31.10%	24.98%	20.78%
CAGR	206.57%	48.83%	—	—	—	—
LSR	206.57%	—	—	—	—	—
Enterprise Value
Avg YoY	37.62%	20.95%	34.62%	35.31%	31.46%	28.25%
Slope	23.68%	12.94%	22.90%	21.59%	18.69%	16.28%
CAGR	30.87%	13.85%	28.71%	30.14%	22.18%	18.57%
LSR	30.87%	13.81%	31.97%	34.53%	27.05%	22.06%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
Revenue
Avg YoY	11.35%	28.57%	24.23%	18.90%	18.60%	31.73%
Slope	10.64%	21.20%	20.99%	17.77%	15.35%	14.37%
CAGR	10.91%	27.15%	23.38%	17.95%	17.74%	28.62%
LSR	10.91%	26.26%	25.14%	20.25%	17.39%	23.65%
Cost of Revenue
Avg YoY	15.29%	27.83%	23.58%	18.63%	19.72%	27.80%
Slope	14.26%	21.75%	20.67%	17.41%	15.45%	14.40%
CAGR	15.01%	27.05%	23.01%	17.98%	19.03%	25.99%
LSR	15.01%	26.38%	24.36%	19.57%	18.38%	22.76%
Gross Profit
Avg YoY	8.47%	29.26%	24.82%	19.20%	17.97%	38.67%
Slope	7.86%	20.77%	21.25%	18.07%	15.26%	14.34%
CAGR	7.90%	27.23%	23.69%	17.92%	16.87%	32.60%
LSR	7.90%	26.18%	25.76%	20.81%	16.74%	25.20%
Gross Margin
Avg YoY	-2.70%	0.11%	0.27%	0.01%	-0.70%	3.85%
Slope	-2.76%	-0.07%	0.50%	0.46%	-0.59%	0.86%
CAGR	-2.71%	0.06%	0.25%	-0.02%	-0.74%	3.09%
LSR	-2.71%	-0.07%	0.50%	0.47%	-0.55%	1.25%
R&D Expenses
Avg YoY	16.48%	24.37%	19.75%	15.69%	18.21%	27.28%
Slope	15.31%	19.33%	18.30%	15.08%	13.37%	13.02%
CAGR	16.28%	23.95%	19.41%	15.28%	17.64%	25.35%
LSR	16.28%	22.65%	20.69%	16.07%	15.05%	20.64%
SG&A Expenses
Avg YoY	13.65%	23.06%	19.96%	17.24%	17.81%	20.02%
Slope	12.33%	16.57%	17.48%	15.41%	13.50%	13.05%
CAGR	12.56%	21.88%	19.40%	16.68%	16.88%	27.23%
LSR	12.56%	19.17%	20.24%	17.55%	15.31%	—
Operating Expenses
Avg YoY	14.86%	22.71%	19.67%	15.90%	14.39%	28.12%
Slope	13.75%	17.49%	17.76%	15.22%	12.90%	12.59%
CAGR	14.29%	22.06%	19.31%	15.47%	13.99%	25.31%
LSR	14.29%	20.17%	20.38%	16.74%	13.53%	19.36%
Operating Income (EBIT)
Avg YoY	1.70%	42.33%	37.33%	29.36%	62.57%	47.79%
Slope	1.22%	24.89%	26.28%	22.54%	19.23%	17.34%
CAGR	1.19%	35.74%	33.13%	22.78%	26.22%	—
LSR	1.19%	35.69%	36.20%	30.87%	28.78%	—
Operating Margin
Avg YoY	-8.76%	8.27%	9.07%	6.88%	32.87%	16.84%
Slope	-9.20%	6.61%	8.20%	8.05%	7.44%	31.89%
CAGR	-8.77%	6.76%	7.90%	4.09%	7.20%	—
LSR	-8.77%	7.46%	8.84%	8.84%	9.70%	—
Interest Income
Avg YoY	39.28%	31.70%	39.78%	98.25%	82.19%	82.19%
Slope	29.44%	27.54%	24.41%	22.50%	18.61%	16.71%
CAGR	37.31%	30.55%	36.86%	25.27%	—	—
LSR	37.31%	32.71%	33.85%	37.35%	—	—
Net Interest Income
Avg YoY	39.28%	31.70%	39.78%	98.25%	82.19%	82.19%
Slope	29.44%	27.54%	24.41%	22.50%	18.61%	16.71%
CAGR	37.31%	30.55%	36.86%	25.27%	—	—
LSR	37.31%	32.71%	33.85%	37.35%	—	—
Other Income / Expense
Avg YoY	153.44%	68.41%	58.49%	110.61%	88.62%	631.48%
Slope	59.84%	33.28%	24.62%	22.69%	17.25%	14.39%
CAGR	120.08%	32.31%	39.51%	27.25%	21.12%	37.52%
LSR	120.08%	35.46%	31.38%	37.15%	19.39%	18.95%
Unusual Items
Avg YoY	153.44%	68.41%	58.49%	110.61%	88.62%	631.48%
Slope	-59.84%	-33.28%	-24.62%	-22.69%	-17.25%	-14.39%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
EBT excl. Unusual
Avg YoY	8.73%	38.94%	36.31%	28.91%	35.48%	-8.12%
Slope	8.36%	26.02%	26.10%	22.56%	18.93%	16.87%
CAGR	8.57%	35.29%	33.99%	23.37%	24.64%	—
LSR	8.57%	35.68%	35.81%	31.48%	25.10%	—
Pre-Tax Income
Avg YoY	4.81%	40.80%	36.76%	29.10%	40.11%	19.73%
Slope	4.49%	25.44%	26.22%	22.55%	19.08%	17.10%
CAGR	4.47%	35.62%	33.52%	23.04%	25.16%	—
LSR	4.47%	35.76%	36.04%	31.12%	26.29%	—
Pre-Tax Margin
Avg YoY	-5.81%	7.65%	9.00%	6.91%	15.43%	1.06%
Slope	-5.97%	6.79%	8.03%	8.14%	6.71%	13.77%
CAGR	-5.81%	6.66%	8.21%	4.32%	6.30%	—
LSR	-5.81%	7.52%	8.71%	9.05%	7.58%	—
Income Tax Expense
Avg YoY	-828.48%	-240.01%	-87.18%	13.51%	23.19%	27.41%
Slope	-186.21%	-117.94%	-63.21%	-41.79%	-31.93%	-25.31%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Net Income
Avg YoY	157.86%	110.95%	70.36%	49.72%	16.20%	10.29%
Slope	76.31%	56.08%	36.65%	27.76%	22.45%	19.33%
CAGR	102.05%	81.57%	54.72%	34.04%	36.11%	—
LSR	102.05%	70.58%	45.99%	34.57%	—	—
Net Margin
Avg YoY	120.57%	66.46%	37.23%	24.23%	-3.05%	-11.95%
Slope	65.86%	37.55%	19.15%	13.56%	11.24%	31.40%
CAGR	82.17%	42.80%	25.40%	13.64%	15.60%	—
LSR	82.17%	35.10%	16.66%	11.91%	—	—
Depreciation & Amortization
Avg YoY	0.48%	-0.03%	11.67%	11.75%	13.36%	36.27%
Slope	0.00%	-0.36%	12.00%	10.56%	10.37%	8.66%
CAGR	0.00%	-0.46%	9.50%	10.22%	12.06%	17.19%
LSR	0.00%	-0.37%	14.67%	11.50%	11.98%	10.81%
EBITDA
Avg YoY	1.49%	35.88%	32.28%	24.61%	29.72%	78.15%
Slope	1.14%	22.67%	24.76%	21.07%	18.08%	16.11%
CAGR	1.11%	30.92%	29.26%	21.02%	23.37%	—
LSR	1.11%	31.00%	33.04%	26.66%	23.73%	—
EBITDA Margin
Avg YoY	-8.84%	3.89%	5.42%	3.55%	7.76%	32.96%
Slope	-9.24%	3.48%	5.98%	5.19%	4.89%	2.08%
CAGR	-8.84%	2.97%	4.76%	2.60%	4.78%	—
LSR	-8.84%	3.75%	6.31%	5.33%	5.40%	—
NOPAT
Avg YoY	1.70%	42.33%	37.33%	29.36%	62.57%	47.79%
Slope	1.22%	24.89%	26.28%	22.54%	19.23%	17.34%
CAGR	1.19%	35.74%	33.13%	22.78%	26.22%	—
LSR	1.19%	35.69%	36.20%	30.87%	28.78%	—
NOPAT Margin
Avg YoY	-8.76%	8.27%	9.07%	6.88%	32.87%	16.84%
Slope	-9.20%	6.61%	8.20%	8.05%	7.44%	31.89%
CAGR	-8.77%	6.76%	7.90%	4.09%	7.20%	—
LSR	-8.77%	7.46%	8.84%	8.84%	9.70%	—
Owner's Earnings
Avg YoY	166.24%	108.99%	-45.49%	-42.61%	-49.16%	-72.52%
Slope	85.64%	60.35%	42.52%	30.69%	24.44%	20.34%
CAGR	135.77%	89.08%	—	39.17%	41.07%	—
LSR	135.77%	79.12%	—	—	—	—
Owner's Earnings Margin
Avg YoY	131.09%	67.64%	-59.80%	-52.80%	-58.42%	-77.43%
Slope	76.24%	42.73%	33.84%	19.35%	15.92%	12.86%
CAGR	112.57%	48.71%	—	17.99%	19.82%	—
LSR	112.57%	41.86%	—	—	—	—
EPS (Basic)
Avg YoY	152.70%	106.71%	66.22%	45.82%	13.48%	7.70%
Slope	74.58%	54.56%	35.46%	26.74%	21.62%	19.89%
CAGR	98.12%	77.96%	51.18%	31.15%	32.22%	—
LSR	98.12%	67.23%	42.71%	31.18%	—	—
EPS (Diluted)
Avg YoY	157.17%	109.49%	67.62%	46.80%	15.93%	9.78%
Slope	75.93%	55.51%	35.79%	26.92%	21.78%	20.02%
CAGR	101.06%	79.86%	51.69%	31.62%	32.86%	—
LSR	101.06%	68.98%	42.99%	31.32%	—	—
Shares (Basic)
Avg YoY	1.98%	2.03%	2.37%	2.25%	2.99%	14.06%
Slope	1.96%	1.99%	2.25%	2.53%	2.66%	5.53%
CAGR	1.98%	2.03%	2.34%	2.20%	2.95%	10.08%
LSR	1.98%	2.01%	2.30%	2.58%	2.75%	8.90%
Shares (Diluted)
Avg YoY	0.49%	0.96%	2.00%	1.88%	2.55%	15.02%
Slope	0.49%	0.94%	2.05%	2.41%	2.44%	5.43%
CAGR	0.49%	0.95%	2.00%	1.84%	2.44%	10.10%
LSR	0.49%	0.95%	2.10%	2.47%	2.52%	8.96%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
DC To DC Products
Avg YoY	23.44%	29.93%	24.97%	24.97%	24.97%
Slope	17.95%	25.27%	21.19%	21.19%	21.19%
CAGR	21.28%	28.60%	23.67%	23.67%	23.67%
LSR	21.28%	31.46%	25.26%	25.26%	25.26%
Lighting Control Products
Avg YoY	31.95%	27.68%	15.08%	15.08%	15.08%
Slope	23.36%	25.24%	12.67%	12.67%	12.67%
CAGR	28.98%	25.89%	13.13%	13.13%	13.13%
LSR	28.98%	29.83%	12.28%	12.28%	12.28%

Geographic Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
CHINA
Avg YoY	12.30%	22.62%	24.56%	22.78%	22.78%
Slope	11.27%	17.44%	18.69%	18.46%	18.46%
CAGR	11.48%	21.74%	23.31%	21.55%	21.55%
LSR	11.48%	20.24%	22.51%	22.33%	22.33%
Europe
Avg YoY	-22.12%	18.37%	23.00%	19.60%	19.60%
Slope	-24.59%	10.03%	16.46%	16.54%	16.54%
CAGR	-23.12%	10.39%	18.12%	14.82%	14.82%
LSR	-23.12%	12.92%	20.76%	20.66%	20.66%
JAPAN
Avg YoY	-16.17%	22.28%	28.42%	23.84%	23.84%
Slope	-18.36%	10.33%	19.46%	19.33%	19.33%
CAGR	-18.09%	13.76%	23.14%	18.32%	18.32%
LSR	-18.09%	14.11%	26.48%	25.71%	25.71%
KOREA, REPUBLIC OF
Avg YoY	-6.20%	32.95%	41.08%	36.91%	36.91%
Slope	-6.64%	20.11%	23.07%	22.96%	22.96%
CAGR	-6.33%	26.02%	33.30%	29.45%	29.45%
LSR	-6.33%	27.56%	31.78%	32.37%	32.37%
Other Region
Avg YoY	-19.00%	5.75%	3.76%	-1.20%	-1.20%
Slope	-22.52%	4.57%	-0.64%	-3.55%	-3.55%
CAGR	-22.34%	0.46%	-2.92%	-8.43%	-8.43%
LSR	-22.34%	4.39%	-0.67%	-3.11%	-3.11%
South East Asia
Avg YoY	-9.72%	20.15%	15.86%	13.71%	13.71%
Slope	-10.31%	13.73%	15.26%	13.96%	13.96%
CAGR	-9.74%	15.64%	12.40%	10.45%	10.45%
LSR	-9.74%	17.22%	17.04%	14.85%	14.85%
TAIWAN, PROVINCE OF CHINA
Avg YoY	59.27%	51.74%	37.06%	35.06%	35.06%
Slope	45.84%	37.82%	26.24%	25.07%	25.07%
CAGR	56.71%	50.22%	33.36%	31.63%	31.63%
LSR	56.71%	46.74%	29.65%	28.53%	28.53%
UNITED STATES
Avg YoY	-23.32%	51.10%	33.04%	32.10%	32.10%
Slope	-26.96%	20.86%	24.15%	23.44%	23.44%
CAGR	-25.97%	27.54%	21.58%	21.79%	21.79%
LSR	-25.97%	34.02%	30.75%	29.37%	29.37%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Cash & Cash Equivalents
Avg YoY	56.12%	29.68%	33.37%	29.25%	26.90%
Slope	39.72%	24.93%	20.21%	14.08%	11.29%
CAGR	54.07%	18.75%	22.85%	18.81%	16.23%
LSR	54.07%	26.90%	22.02%	13.68%	10.84%
Short-Term Investments
Avg YoY	-21.21%	10.70%	10.94%	8.49%	26.05%
Slope	-35.14%	-4.03%	9.22%	9.52%	10.15%
CAGR	-38.58%	-10.79%	-0.07%	0.15%	5.54%
LSR	-38.58%	-8.16%	8.73%	9.50%	12.62%
Cash & Short-Term Investments
Avg YoY	13.35%	11.77%	14.86%	11.36%	13.56%
Slope	6.50%	10.55%	14.36%	11.64%	10.69%
CAGR	7.61%	8.70%	13.29%	9.92%	11.95%
LSR	7.61%	11.33%	16.33%	12.11%	11.64%
Net Receivables
Avg YoY	9.30%	31.45%	24.65%	19.41%	17.77%
Slope	7.34%	23.32%	22.10%	18.12%	15.49%
CAGR	8.06%	28.83%	22.72%	17.72%	15.48%
LSR	8.06%	30.86%	26.51%	20.17%	17.07%
Inventory
Avg YoY	-2.86%	31.79%	24.03%	22.97%	25.73%
Slope	-3.83%	18.79%	19.70%	18.12%	16.21%
CAGR	-3.62%	26.64%	20.99%	19.84%	21.90%
LSR	-3.62%	25.39%	23.66%	22.64%	21.32%
Other Current Assets
Avg YoY	53.59%	105.03%	70.78%	46.61%	265.34%
Slope	-6.59%	36.69%	33.47%	27.65%	11.08%
CAGR	-10.64%	39.50%	34.66%	32.74%	1.50%
LSR	-10.64%	65.75%	51.22%	—	—
Total Current Assets
Avg YoY	6.07%	16.81%	17.14%	13.55%	14.48%
Slope	3.66%	14.64%	16.78%	13.98%	12.42%
CAGR	4.01%	15.16%	16.26%	12.70%	13.56%
LSR	4.01%	17.17%	19.45%	15.01%	13.57%
Property, Plant & Equipment
Avg YoY	22.83%	17.42%	25.57%	20.46%	26.57%
Slope	20.07%	12.30%	17.25%	15.56%	15.14%
CAGR	21.12%	15.98%	23.69%	18.68%	23.32%
LSR	21.12%	12.57%	22.16%	18.46%	21.69%
Goodwill
Avg YoY	146.73%	72.67%	30.76%	27.42%	27.42%
Slope	73.96%	36.17%	10.13%	15.07%	15.98%
CAGR	97.73%	39.63%	14.20%	—	—
LSR	97.73%	30.37%	5.56%	—	—
Intangible Assets
Avg YoY	—	—	-75.05%	-65.59%	-65.59%
Slope	150.00%	100.00%	1.44%	5.36%	10.53%
CAGR	—	—	5.69%	—	—
LSR	—	—	—	—	—
Long-Term Investments
Avg YoY	—	-100.00%	-9.90%	-15.51%	-17.22%
Slope	—	-100.00%	-26.24%	-20.61%	-9.97%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Tax Assets
Avg YoY	2,301.15%	1,169.38%	777.32%	557.43%	496.24%
Slope	139.29%	91.50%	49.79%	35.27%	27.27%
CAGR	510.50%	188.04%	127.81%	106.91%	—
LSR	510.50%	138.50%	79.20%	69.45%	—
Other Non-Current Assets
Avg YoY	-20.12%	60.56%	40.66%	67.85%	49.40%
Slope	-22.03%	23.31%	24.48%	23.47%	18.85%
CAGR	-20.23%	30.25%	26.34%	44.05%	15.26%
LSR	-20.23%	37.82%	30.71%	51.10%	28.60%
Other Assets
Avg YoY	—	—	—	-100.00%	-100.00%
Slope	—	—	—	-26.79%	-7.52%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Assets
Avg YoY	113.68%	72.52%	47.46%	34.14%	35.18%
Slope	63.09%	41.79%	27.35%	21.26%	18.02%
CAGR	77.05%	52.37%	37.25%	26.80%	27.38%
LSR	77.05%	43.89%	29.86%	22.55%	21.06%
Total Assets
Avg YoY	32.57%	30.60%	24.46%	18.41%	18.35%
Slope	28.17%	25.02%	20.56%	16.47%	14.27%
CAGR	31.59%	30.10%	24.10%	17.82%	17.89%
LSR	31.59%	28.52%	23.41%	17.50%	15.60%
Accounts Payable
Avg YoY	32.10%	37.77%	28.17%	20.61%	16.83%
Slope	26.66%	14.79%	18.78%	15.73%	13.28%
CAGR	28.52%	26.81%	22.83%	16.85%	12.79%
LSR	28.52%	17.41%	22.15%	17.08%	13.72%
Short-Term Debt
Avg YoY	—	—	—	—	—
Slope	150.00%	100.00%	54.55%	37.50%	28.57%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Tax Payables
Avg YoY	329.38%	434.36%	238.10%	162.37%	142.88%
Slope	83.32%	28.99%	31.46%	20.71%	13.89%
CAGR	103.46%	102.20%	69.80%	17.93%	14.96%
LSR	103.46%	46.77%	51.77%	—	—
Deferred Revenue
Avg YoY	—	-70.84%	-6.58%	0.15%	-5.43%
Slope	—	-81.58%	-21.27%	-4.06%	3.34%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Liabilities
Avg YoY	-14.18%	8.19%	20.22%	19.50%	10.97%
Slope	-20.35%	1.30%	16.30%	14.76%	15.88%
CAGR	-17.21%	3.92%	17.28%	—	—
LSR	-17.21%	1.61%	21.29%	—	—
Total Current Liabilities
Avg YoY	29.03%	34.13%	28.11%	28.44%	23.05%
Slope	18.45%	10.86%	18.24%	15.22%	13.93%
CAGR	17.79%	22.32%	22.43%	19.99%	15.49%
LSR	17.79%	12.15%	22.01%	17.16%	16.24%
Capital Lease Obligations
Avg YoY	182.22%	79.60%	69.27%	69.27%	69.27%
Slope	83.75%	40.61%	36.18%	29.38%	24.01%
CAGR	177.86%	41.69%	—	—	—
LSR	177.86%	39.12%	—	—	—
Deferred Tax Liabilities
Avg YoY	—	—	—	-65.70%	-49.42%
Slope	—	—	—	-24.59%	-10.92%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	13.81%	14.13%	28.01%	105.18%	272.14%
Slope	12.90%	12.40%	15.67%	18.99%	17.67%
CAGR	13.81%	14.04%	24.20%	44.64%	38.62%
LSR	13.81%	13.39%	21.55%	40.41%	46.21%
Total Non-Current Liabilities
Avg YoY	17.45%	15.41%	28.99%	30.14%	59.08%
Slope	16.05%	13.51%	16.28%	18.41%	16.93%
CAGR	17.45%	15.28%	25.26%	25.43%	35.66%
LSR	17.45%	14.50%	22.37%	30.26%	28.94%
Total Liabilities
Avg YoY	20.65%	22.87%	26.12%	25.97%	22.83%
Slope	17.34%	12.05%	17.32%	16.64%	15.24%
CAGR	17.64%	19.02%	23.58%	21.92%	18.77%
LSR	17.64%	13.18%	22.03%	21.35%	19.75%
Common Stock
Avg YoY	-11.33%	4.37%	11.15%	9.65%	9.36%
Slope	-14.78%	4.16%	11.85%	11.19%	9.81%
CAGR	-15.29%	0.85%	9.30%	8.34%	8.29%
LSR	-15.29%	3.99%	13.55%	12.26%	10.29%
Retained Earnings
Avg YoY	96.69%	75.00%	44.96%	32.28%	16.79%
Slope	63.62%	49.66%	31.97%	23.21%	20.60%
CAGR	85.42%	68.26%	39.92%	27.16%	—
LSR	85.42%	63.99%	35.83%	22.87%	—
Accumulated OCI
Avg YoY	47.65%	-23.72%	-144.36%	-106.87%	-108.29%
Slope	-38.23%	-111.78%	-46.31%	-54.70%	-30.47%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	37.53%	33.56%	24.89%	18.45%	19.12%
Slope	31.83%	27.67%	21.14%	16.38%	14.23%
CAGR	36.63%	33.04%	24.42%	17.77%	18.57%
LSR	36.63%	31.85%	23.49%	16.82%	15.47%
Total Equity
Avg YoY	37.53%	33.56%	24.89%	18.45%	19.12%
Slope	31.83%	27.67%	21.14%	16.38%	14.23%
CAGR	36.63%	33.04%	24.42%	17.77%	18.57%
LSR	36.63%	31.85%	23.49%	16.82%	15.47%
Total Liabilities & Equity
Avg YoY	35.11%	31.61%	24.75%	18.83%	19.15%
Slope	30.02%	25.46%	20.58%	16.42%	14.37%
CAGR	33.97%	30.98%	24.32%	18.15%	18.59%
LSR	33.97%	28.91%	23.31%	17.37%	16.00%
Tangible Assets
Avg YoY	32.06%	30.41%	24.67%	18.34%	18.30%
Slope	27.79%	24.90%	20.65%	16.49%	14.27%
CAGR	31.14%	29.95%	24.34%	17.73%	17.83%
LSR	31.14%	28.42%	23.66%	17.51%	15.54%
Tangible Equity
Avg YoY	36.95%	33.36%	25.13%	18.37%	19.06%
Slope	31.42%	27.54%	21.25%	16.41%	14.23%
CAGR	36.12%	32.89%	24.70%	17.67%	18.50%
LSR	36.12%	31.76%	23.78%	16.82%	15.41%
Tangible Book Value
Avg YoY	36.95%	33.36%	25.13%	18.37%	19.06%
Slope	31.42%	27.54%	21.25%	16.41%	14.23%
CAGR	36.12%	32.89%	24.70%	17.67%	18.50%
LSR	36.12%	31.76%	23.78%	16.82%	15.41%
Total Investments
Avg YoY	-21.21%	9.51%	10.21%	7.11%	15.80%
Slope	-35.14%	-4.34%	8.87%	8.68%	9.29%
CAGR	-38.58%	-11.32%	-0.47%	-0.83%	5.54%
LSR	-38.58%	-8.60%	8.25%	8.32%	11.18%
Net Debt
Avg YoY	55.85%	29.55%	33.31%	29.21%	26.87%
Slope	-39.52%	-24.82%	-20.17%	-14.06%	-11.28%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Working Capital
Avg YoY	8.51%	17.59%	16.78%	13.22%	15.28%
Slope	4.18%	15.64%	16.47%	13.61%	12.30%
CAGR	4.72%	15.18%	15.59%	12.24%	14.11%
LSR	4.72%	18.29%	18.74%	14.42%	13.70%
Total Capital
Avg YoY	37.82%	33.63%	24.96%	18.48%	19.14%
Slope	32.03%	27.76%	21.18%	16.39%	14.25%
CAGR	36.91%	33.10%	24.49%	17.81%	18.60%
LSR	36.91%	31.94%	23.54%	16.81%	15.49%
Capital Employed
Avg YoY	36.16%	32.21%	24.84%	18.62%	19.37%
Slope	30.85%	26.75%	20.78%	16.50%	14.40%
CAGR	35.37%	31.75%	24.46%	18.03%	18.88%
LSR	35.37%	30.59%	23.35%	17.35%	15.97%
Invested Capital
Avg YoY	35.54%	40.99%	26.73%	19.57%	22.49%
Slope	29.88%	28.58%	21.47%	17.11%	15.23%
CAGR	33.04%	39.12%	24.99%	17.55%	19.48%
LSR	33.04%	34.90%	23.96%	17.98%	18.04%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Net Income
Avg YoY	157.17%	109.49%	67.62%	46.80%	55.17%
Slope	75.93%	55.51%	35.79%	26.92%	21.78%
CAGR	101.06%	79.86%	51.69%	31.62%	32.86%
LSR	101.06%	68.98%	42.99%	31.32%	—
Depreciation & Amortization
Avg YoY	-1.06%	18.20%	11.13%	10.74%	13.11%
Slope	-1.38%	13.46%	12.16%	9.27%	7.07%
CAGR	-1.41%	16.28%	9.22%	9.41%	6.39%
LSR	-1.41%	16.47%	12.44%	9.09%	7.20%
Deferred Income Tax
Avg YoY	-11,070.96%	-5,645.37%	-35,085.51%	-22,383.72%	-16,489.60%
Slope	-147.62%	-98.63%	-53.06%	-36.95%	-28.42%
CAGR	887.89%	426.93%	—	101.37%	38.73%
LSR	—	—	—	—	—
Stock-Based Compensation
Avg YoY	14.69%	25.05%	18.13%	19.07%	21.34%
Slope	12.47%	17.57%	16.18%	15.43%	13.75%
CAGR	12.47%	23.34%	17.10%	17.42%	18.19%
LSR	12.47%	20.35%	17.92%	18.53%	16.26%
Change in Working Capital
Avg YoY	155.49%	-641.49%	-238.57%	-184.50%	-152.10%
Slope	269.90%	41.58%	-15.98%	-16.32%	-14.95%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Accounts Receivable
Avg YoY	128.66%	-2.45%	-97.86%	-70.91%	-81.04%
Slope	188.43%	35.13%	-10.92%	-15.01%	-12.47%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Inventory
Avg YoY	-10.90%	-86.07%	-92.55%	-186.13%	-244.32%
Slope	143.72%	26.79%	-9.05%	-14.60%	-13.99%
CAGR	-56.94%	3.54%	3.19%	11.18%	19.40%
LSR	—	—	—	—	—
Accounts Payable
Avg YoY	262.34%	150.34%	499.26%	319.91%	208.94%
Slope	311.52%	-3.33%	18.31%	18.75%	15.16%
CAGR	—	20.99%	72.02%	21.65%	8.43%
LSR	—	—	—	—	—
Other Working Capital
Avg YoY	199.56%	-2.04%	210.48%	144.23%	112.57%
Slope	565.93%	107.45%	-16.99%	6.14%	7.53%
CAGR	—	26.65%	20.95%	—	10.98%
LSR	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-164.97%	1,159.87%	543.87%	-299.65%	-218.90%
Slope	-181.77%	-95.34%	-26.05%	-35.73%	-10.46%
CAGR	—	80.37%	13.07%	—	8.34%
LSR	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	89.95%	43.39%	35.17%	29.11%	28.29%
Slope	48.25%	29.22%	22.03%	18.41%	15.89%
CAGR	77.90%	29.75%	28.36%	19.83%	19.38%
LSR	77.90%	31.73%	24.81%	20.96%	18.39%
Capital Expenditures (PPE)
Avg YoY	-75.23%	-44.92%	-64.91%	-40.96%	-55.24%
Slope	-49.41%	-16.41%	-11.94%	-11.64%	-12.15%
CAGR	56.81%	26.10%	25.33%	12.13%	22.76%
LSR	56.81%	14.27%	14.79%	12.49%	15.85%
Acquisitions (Net)
Avg YoY	—	-1,299.94%	-579.92%	-1,686.36%	-866.74%
Slope	-150.00%	-96.73%	-80.54%	-24.81%	-21.13%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Purchases of Investments
Avg YoY	-431.86%	-198.70%	-98.68%	-68.05%	-54.39%
Slope	-87.99%	-33.04%	-17.29%	-11.14%	-7.86%
CAGR	303.70%	32.49%	16.86%	10.45%	6.86%
LSR	303.70%	29.97%	11.46%	7.09%	5.36%
Sales / Maturities of Investments
Avg YoY	241.33%	106.47%	65.47%	43.68%	40.11%
Slope	98.12%	50.63%	23.68%	12.83%	9.50%
CAGR	240.76%	41.97%	23.45%	13.53%	9.42%
LSR	240.76%	52.20%	15.65%	6.15%	5.79%
Other Investing Activities
Avg YoY	-88.05%	-243.40%	-96.63%	-318.32%	-234.71%
Slope	-20.41%	-44.48%	-13.00%	-16.13%	-21.26%
CAGR	17.47%	69.25%	10.17%	63.03%	8.86%
LSR	17.47%	74.32%	7.00%	—	—
Net Cash from Investing Activities
Avg YoY	-545.97%	-461.16%	-312.17%	-233.37%	-191.49%
Slope	1,123.96%	92.88%	10.68%	-5.02%	-5.25%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	—	—	—	—	-100.00%
Slope	—	—	—	—	-25.56%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	—	—	—	—	-100.00%
Slope	—	—	—	—	-25.56%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Stock Issuance
Avg YoY	-8,392.54%	-4,209.72%	-1,814.96%	-1,186.47%	-867.64%
Slope	-154.58%	-115.68%	-56.40%	-27.29%	-25.64%
CAGR	—	—	36.33%	28.02%	—
LSR	—	—	—	—	—
Common Stock Issuance
Avg YoY	-100.00%	-64.69%	28.15%	24.71%	33.43%
Slope	-150.00%	-69.39%	-0.43%	-2.32%	-3.57%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-8,524.08%	-5,674.51%	-3,404.71%	-1,891.67%	-1,692.51%
Slope	-151.92%	-101.78%	-48.94%	-22.33%	-18.51%
CAGR	—	—	36.54%	21.70%	—
LSR	—	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	—	—	-49.40%	-49.40%
Slope	150.00%	100.00%	54.55%	11.51%	13.98%
CAGR	—	—	—	9.55%	—
LSR	—	—	—	—	—
Net Dividends Paid
Avg YoY	-31.43%	-27.18%	-24.26%	-24.42%	-24.42%
Slope	-26.84%	-24.12%	-21.58%	-20.17%	-18.84%
CAGR	31.42%	27.09%	23.58%	—	—
LSR	31.42%	27.51%	25.29%	—	—
Common Dividends Paid
Avg YoY	-31.43%	-27.18%	-24.26%	-24.42%	-24.42%
Slope	-26.84%	-24.12%	-21.58%	-20.17%	-18.84%
CAGR	31.42%	27.09%	23.58%	—	—
LSR	31.42%	27.51%	25.29%	—	—
Other Financing Activities
Avg YoY	106.55%	72.34%	-85.45%	447.33%	1,443.52%
Slope	-1,024.37%	66.94%	-124.18%	-23.10%	-7.50%
CAGR	40.33%	-7.42%	—	—	—
LSR	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-207.79%	-120.18%	-59.43%	-54.74%	-28.45%
Slope	-93.85%	-62.39%	-35.11%	-25.13%	-23.02%
CAGR	158.97%	85.08%	35.74%	31.87%	—
LSR	158.97%	75.39%	32.48%	—	—
Effect of FX on Cash
Avg YoY	-54.95%	-104.51%	18.87%	5.87%	71.63%
Slope	-19.89%	-182.57%	-34.48%	-39.16%	-28.95%
CAGR	17.85%	—	20.81%	—	17.16%
LSR	17.85%	—	—	—	—
Net Change in Cash
Avg YoY	59.94%	24.78%	6,815.46%	4,649.36%	2,199.00%
Slope	9.06%	33.07%	35.87%	20.82%	17.04%
CAGR	14.17%	-6.11%	—	36.55%	—
LSR	14.17%	—	—	—	—
Cash at Beginning of Period
Avg YoY	72.63%	47.83%	28.15%	27.43%	23.59%
Slope	53.28%	22.72%	16.50%	12.62%	10.13%
CAGR	71.29%	32.92%	15.71%	17.27%	13.49%
LSR	71.29%	23.49%	16.28%	12.44%	9.93%
Cash at End of Period
Avg YoY	57.93%	30.58%	33.77%	29.51%	27.09%
Slope	38.86%	25.32%	20.47%	14.26%	11.42%
CAGR	54.05%	18.74%	22.85%	18.81%	16.23%
LSR	54.05%	27.66%	22.34%	13.84%	10.93%
Operating Cash Flow
Avg YoY	89.95%	43.39%	35.17%	29.11%	28.29%
Slope	48.25%	29.22%	22.03%	18.41%	15.89%
CAGR	77.90%	29.75%	28.36%	19.83%	19.38%
LSR	77.90%	31.73%	24.81%	20.96%	18.39%
Capital Expenditure
Avg YoY	-75.23%	-44.92%	-64.91%	-40.96%	-55.24%
Slope	-49.41%	-16.41%	-11.94%	-11.64%	-12.15%
CAGR	56.81%	26.10%	25.33%	12.13%	22.76%
LSR	56.81%	14.27%	14.79%	12.49%	15.85%
Free Cash Flow
Avg YoY	108.49%	50.94%	40.68%	92.30%	80.55%
Slope	48.03%	32.10%	24.96%	20.54%	17.07%
CAGR	84.01%	30.66%	29.17%	23.57%	18.82%
LSR	84.01%	35.94%	28.37%	26.90%	20.42%

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y
EBITDA
Avg YoY	0.97%	36.88%	30.46%	22.33%	17.22%	65.72%
Slope	0.57%	22.97%	23.82%	20.08%	15.71%	14.14%
CAGR	0.55%	31.41%	27.05%	18.00%	12.79%	—
LSR	0.55%	31.66%	30.22%	24.01%	15.46%	—
(-) Tax Adjustment
Avg YoY	-57.18%	138.65%	75.92%	115.47%	92.54%	87.87%
Slope	-80.81%	8.59%	18.31%	19.48%	11.17%	10.24%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Change In Working Capital
Avg YoY	155.49%	-641.49%	-238.57%	-184.50%	-152.10%	-359.41%
Slope	269.90%	41.58%	-15.98%	-16.32%	-14.95%	-10.97%
CAGR	—	133.08%	—	—	13.47%	14.25%
LSR	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-75.23%	-44.92%	-64.91%	-40.96%	-55.24%	-50.12%
Slope	-49.41%	-16.41%	-11.94%	-11.64%	-12.15%	-11.02%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-30.32%	66.26%	1,939.42%	1,306.62%	964.68%	807.97%
Slope	-46.94%	14.38%	27.08%	22.55%	17.52%	15.26%
CAGR	-35.29%	27.82%	23.31%	17.55%	14.29%	—
LSR	-35.29%	26.51%	—	—	—	—
Net Interest After Taxes
Avg YoY	50.22%	31.83%	38.84%	94.89%	78.82%	78.82%
Slope	38.15%	28.25%	23.95%	21.79%	17.69%	16.45%
CAGR	49.65%	30.28%	37.03%	23.54%	—	—
LSR	49.65%	31.57%	32.22%	33.70%	—	—
Net Debt Issuance
Avg YoY	—	—	—	—	-100.00%	-100.00%
Slope	—	—	—	—	-25.56%	-21.87%
CAGR	—	—	—	—	—	—
LSR	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-32.47%	69.29%	335.46%	264.50%	196.31%	206.57%
Slope	-50.43%	13.76%	27.24%	22.59%	17.50%	13.25%
CAGR	-37.47%	27.61%	22.60%	17.19%	13.79%	—
LSR	-37.47%	26.18%	—	—	—	—