The Cross-Harbour (Holdings) Limited (0032.HK)

Analysis: Growth Rates Industry: Education & Training Services Sector: Consumer Defensive Live Price: $8.12

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Stock Price
Avg YoY	-21.04%	-16.15%	-3.54%	1.27%	2.36%
Slope	-24.73%	-17.78%	-3.72%	2.73%	2.87%
CAGR	-21.47%	-16.80%	-4.71%	-0.13%	0.82%
LSR	-21.47%	-16.70%	-4.34%	2.96%	2.90%
Market Capitalization
Avg YoY	-21.04%	-16.15%	-3.54%	1.50%	2.30%
Slope	-24.73%	-17.78%	-3.72%	2.81%	3.00%
CAGR	-21.47%	-16.80%	-4.71%	0.12%	0.82%
LSR	-21.47%	-16.70%	-4.34%	3.07%	3.03%
(-) Cash & Equivalents
Avg YoY	12.41%	5.71%	8.61%	12.24%	20.03%
Slope	10.77%	3.72%	0.94%	6.45%	7.08%
CAGR	11.82%	4.48%	3.36%	7.12%	8.40%
LSR	11.82%	3.78%	1.41%	8.21%	8.76%
(+) Total Debt
Avg YoY	577.13%	265.91%	112.12%	71.57%	65.20%
Slope	60.16%	34.00%	-2.78%	-1.69%	3.60%
CAGR	229.18%	25.47%	1.84%	-1.57%	—
LSR	229.18%	36.18%	-7.11%	-4.16%	—
Enterprise Value
Avg YoY	-63.35%	-38.59%	-10.83%	-4.15%	-2.01%
Slope	-87.62%	-43.06%	-8.68%	-1.18%	-0.30%
CAGR	-63.40%	-45.86%	-20.73%	-12.76%	-8.82%
LSR	-63.40%	-43.99%	-14.99%	-4.72%	-2.54%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Revenue
Avg YoY	32.33%	14.25%	53.60%	39.91%	29.06%
Slope	28.00%	12.96%	9.71%	10.55%	8.62%
CAGR	32.10%	12.66%	11.93%	12.79%	8.73%
LSR	32.10%	12.50%	12.57%	11.75%	8.38%
Cost of Revenue
Avg YoY	19.75%	13.95%	9.79%	9.91%	0.57%
Slope	17.44%	13.51%	8.57%	11.84%	9.20%
CAGR	19.57%	13.71%	9.56%	—	—
LSR	19.57%	14.26%	8.68%	—	—
Gross Profit
Avg YoY	39.24%	15.25%	228.05%	149.98%	112.01%
Slope	33.05%	12.71%	10.25%	9.96%	8.34%
CAGR	38.37%	12.26%	13.04%	10.11%	6.82%
LSR	38.37%	11.71%	18.99%	10.35%	7.26%
Gross Margin
Avg YoY	4.90%	-0.15%	35.15%	20.47%	16.86%
Slope	4.72%	-0.71%	3.66%	-1.68%	-1.00%
CAGR	4.75%	-0.36%	0.99%	-2.38%	-1.76%
LSR	4.75%	-0.71%	5.70%	-1.25%	-1.03%
SG&A Expenses
Avg YoY	21.91%	10.16%	10.03%	6.38%	11.42%
Slope	19.15%	9.20%	6.51%	6.83%	6.57%
CAGR	21.71%	9.31%	9.16%	3.25%	6.68%
LSR	21.71%	9.18%	6.95%	7.66%	6.93%
Operating Expenses
Avg YoY	21.82%	21.15%	2.41%	25.23%	-34.94%
Slope	13.27%	6.32%	-7.79%	1.20%	5.95%
CAGR	12.57%	14.00%	-2.93%	5.18%	6.66%
LSR	12.57%	6.32%	-7.51%	2.76%	—
Operating Income (EBIT)
Avg YoY	63.14%	22.47%	-135.23%	-102.27%	-128.86%
Slope	45.42%	16.99%	13.89%	16.53%	11.50%
CAGR	62.49%	11.40%	15.79%	15.19%	10.69%
LSR	62.49%	16.70%	—	—	—
Operating Margin
Avg YoY	24.35%	4.12%	-84.82%	-74.72%	-116.13%
Slope	19.54%	2.98%	21.79%	11.75%	1.08%
CAGR	23.00%	-1.12%	3.45%	2.12%	1.80%
LSR	23.00%	3.73%	—	—	—
Interest Income
Avg YoY	-100.00%	-48.72%	-17.77%	-23.68%	-26.21%
Slope	-150.00%	-59.09%	-14.29%	-24.52%	-18.54%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Interest Expense
Avg YoY	491.04%	228.79%	105.64%	44.80%	95.54%
Slope	71.30%	51.59%	37.93%	13.19%	8.77%
CAGR	253.02%	52.21%	108.86%	4.87%	9.01%
LSR	253.02%	67.18%	—	—	—
Net Interest Income
Avg YoY	496.00%	231.23%	-2,102.70%	-1,336.46%	-989.46%
Slope	-71.39%	-51.76%	-38.15%	-14.47%	-14.31%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Income / Expense
Avg YoY	-72.50%	63.34%	-61.47%	-35.03%	-19.48%
Slope	131.07%	-64.56%	-71.98%	-22.30%	-7.87%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unusual Items
Avg YoY	-72.50%	63.34%	-61.47%	-35.03%	-19.48%
Slope	-131.07%	64.56%	71.98%	22.30%	7.87%
CAGR	-81.53%	—	—	—	—
LSR	-81.53%	—	—	—	—
EBT excl. Unusual
Avg YoY	-12.25%	405.27%	319.10%	210.11%	160.14%
Slope	416.22%	-129.52%	-32.77%	-11.18%	-2.51%
CAGR	—	-19.55%	-8.71%	-1.72%	3.02%
LSR	—	—	—	—	—
Pre-Tax Income
Avg YoY	-42.27%	-363.95%	-115.11%	-67.92%	-43.87%
Slope	806.01%	-10.78%	-18.06%	-5.01%	0.53%
CAGR	—	-9.08%	-2.10%	2.77%	5.75%
LSR	—	—	—	—	—
Pre-Tax Margin
Avg YoY	-60.99%	-372.12%	-129.72%	-82.74%	-54.21%
Slope	1,924.71%	-44.64%	-28.02%	-12.53%	-4.58%
CAGR	—	-19.30%	-12.54%	-8.89%	-2.75%
LSR	—	—	—	—	—
Income Tax Expense
Avg YoY	5.18%	7.44%	3.99%	12.64%	8.32%
Slope	4.89%	5.72%	6.34%	8.12%	7.58%
CAGR	4.89%	7.21%	10.59%	12.11%	6.28%
LSR	4.89%	5.96%	—	—	—
Net Income
Avg YoY	-116.61%	116.04%	68.68%	50.10%	44.42%
Slope	259.14%	-0.52%	-13.95%	-2.46%	2.30%
CAGR	—	-12.02%	-3.87%	1.38%	5.33%
LSR	—	—	—	—	—
Net Margin
Avg YoY	-117.01%	114.89%	51.21%	33.44%	32.80%
Slope	471.36%	-22.27%	-23.34%	-10.43%	-3.23%
CAGR	—	-21.91%	-14.11%	-10.12%	-3.13%
LSR	—	—	—	—	—
Depreciation & Amortization
Avg YoY	24.21%	6.17%	23.80%	17.76%	14.03%
Slope	21.53%	4.28%	12.62%	13.48%	10.74%
CAGR	24.21%	4.54%	17.24%	13.06%	10.10%
LSR	24.21%	3.92%	16.26%	16.29%	10.96%
EBITDA
Avg YoY	53.99%	17.78%	-208.09%	-156.26%	-92.75%
Slope	40.82%	14.32%	13.62%	15.84%	11.33%
CAGR	53.66%	10.10%	16.02%	14.79%	10.59%
LSR	53.66%	13.74%	—	—	—
EBITDA Margin
Avg YoY	17.21%	0.62%	-97.02%	-88.26%	-40.64%
Slope	14.44%	0.61%	14.85%	9.04%	1.54%
CAGR	16.32%	-2.27%	3.66%	1.77%	1.70%
LSR	16.32%	1.11%	—	—	—
NOPAT
Avg YoY	63.14%	22.47%	-135.23%	-102.27%	-128.86%
Slope	45.42%	16.99%	13.89%	16.53%	11.50%
CAGR	62.49%	11.40%	15.79%	15.19%	10.69%
LSR	62.49%	16.70%	—	—	—
NOPAT Margin
Avg YoY	24.35%	4.12%	-84.82%	-74.72%	-116.13%
Slope	19.54%	2.98%	21.79%	11.75%	1.08%
CAGR	23.00%	-1.12%	3.45%	2.12%	1.80%
LSR	23.00%	3.73%	—	—	—
Owner's Earnings
Avg YoY	-131.47%	-804.81%	-338.08%	-210.31%	-149.16%
Slope	185.87%	1.10%	-10.26%	0.07%	3.52%
CAGR	—	-9.72%	-1.22%	5.12%	6.96%
LSR	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	-129.25%	-801.21%	-355.07%	-226.34%	-160.32%
Slope	261.21%	-18.00%	-20.56%	-8.33%	-2.52%
CAGR	—	-19.87%	-11.74%	-6.81%	-1.64%
LSR	—	—	—	—	—
EPS (Basic)
Avg YoY	-116.61%	116.04%	68.68%	49.72%	43.79%
Slope	259.14%	-0.52%	-13.95%	-2.58%	2.03%
CAGR	—	-12.02%	-3.87%	1.00%	4.70%
LSR	—	—	—	—	—
EPS (Diluted)
Avg YoY	-116.61%	116.04%	68.68%	49.96%	43.71%
Slope	259.14%	-0.52%	-13.95%	-2.50%	2.13%
CAGR	—	-12.02%	-3.87%	1.24%	4.70%
LSR	—	—	—	—	—
Shares (Basic)
Avg YoY	0.00%	0.00%	0.00%	0.38%	0.61%
Slope	0.00%	0.00%	0.00%	0.17%	0.43%
CAGR	0.00%	0.00%	0.00%	0.38%	0.60%
LSR	0.00%	0.00%	0.00%	0.17%	0.44%
Shares (Diluted)
Avg YoY	0.00%	0.00%	0.00%	0.14%	0.61%
Slope	0.00%	0.00%	0.00%	0.06%	0.30%
CAGR	0.00%	0.00%	0.00%	0.14%	0.60%
LSR	0.00%	0.00%	0.00%	0.06%	0.31%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Cash & Cash Equivalents
Avg YoY	12.41%	5.71%	8.61%	12.24%	20.03%
Slope	10.77%	3.72%	0.94%	6.45%	7.08%
CAGR	11.82%	4.48%	3.36%	7.12%	8.40%
LSR	11.82%	3.78%	1.41%	8.21%	8.76%
Short-Term Investments
Avg YoY	-0.70%	-9.16%	22.25%	42.54%	34.51%
Slope	-2.46%	-12.63%	4.98%	13.06%	13.83%
CAGR	-2.29%	-10.55%	11.53%	24.96%	—
LSR	-2.29%	-11.20%	9.79%	24.09%	—
Cash & Short-Term Investments
Avg YoY	5.92%	-2.13%	7.17%	12.33%	19.38%
Slope	5.75%	-3.11%	2.61%	8.96%	9.48%
CAGR	5.92%	-2.50%	5.71%	10.20%	11.07%
LSR	5.92%	-2.95%	3.20%	12.31%	12.43%
Net Receivables
Avg YoY	137.40%	73.13%	45.59%	73.80%	24.80%
Slope	-77.83%	-33.59%	-0.87%	11.01%	13.60%
CAGR	-45.67%	-26.62%	-3.35%	—	7.42%
LSR	-45.67%	-38.18%	-7.18%	—	—
Inventory
Avg YoY	-1.26%	7.19%	5.69%	3.48%	5.11%
Slope	-1.40%	5.51%	6.46%	1.60%	1.98%
CAGR	-1.37%	6.78%	3.37%	1.78%	3.45%
LSR	-1.37%	6.00%	6.66%	1.40%	1.92%
Other Current Assets
Avg YoY	5.27%	-213.96%	-100.64%	-50.88%	-54.97%
Slope	-63.25%	-29.54%	-4.94%	5.60%	8.25%
CAGR	-40.64%	-28.10%	-5.66%	-1.12%	—
LSR	-40.64%	—	—	—	—
Total Current Assets
Avg YoY	2.74%	-3.58%	6.49%	12.15%	19.04%
Slope	2.61%	-4.46%	2.37%	8.95%	9.56%
CAGR	2.60%	-3.87%	5.27%	9.99%	11.05%
LSR	2.60%	-4.20%	2.92%	12.44%	12.62%
Property, Plant & Equipment
Avg YoY	55.53%	19.48%	20.63%	14.32%	13.28%
Slope	28.85%	12.05%	11.49%	9.13%	8.10%
CAGR	41.44%	8.26%	11.55%	8.26%	6.74%
LSR	41.44%	11.84%	12.61%	8.93%	7.96%
Intangible Assets
Avg YoY	—	—	4.90%	11.07%	11.07%
Slope	—	—	-23.86%	1.24%	8.21%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Long-Term Investments
Avg YoY	2.55%	-5.14%	7.54%	6.71%	7.19%
Slope	2.31%	-4.68%	5.20%	5.11%	6.24%
CAGR	2.38%	-6.28%	4.03%	4.01%	—
LSR	2.38%	-4.04%	5.82%	5.32%	—
Tax Assets
Avg YoY	-73.76%	-52.13%	-10.06%	-8.93%	19.89%
Slope	-98.37%	-50.24%	-5.28%	-3.16%	3.09%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Current Assets
Avg YoY	0.39%	13.59%	-1.98%	-54.00%	-43.25%
Slope	0.39%	-2.86%	29.13%	0.81%	-12.45%
CAGR	0.38%	4.46%	—	-2.54%	-17.82%
LSR	0.38%	-1.46%	—	—	—
Other Assets
Avg YoY	—	—	55.82%	42.08%	42.08%
Slope	—	—	-32.55%	-2.51%	6.11%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Assets
Avg YoY	5.42%	-3.93%	264.73%	167.15%	124.79%
Slope	4.73%	-3.29%	28.01%	8.49%	4.33%
CAGR	5.00%	-5.10%	55.22%	4.23%	4.23%
LSR	5.00%	-2.81%	77.43%	10.08%	-0.58%
Total Assets
Avg YoY	3.86%	-4.01%	18.55%	11.61%	10.50%
Slope	3.73%	-3.85%	11.89%	8.76%	7.12%
CAGR	3.83%	-4.52%	13.85%	6.43%	6.49%
LSR	3.83%	-3.49%	14.67%	8.93%	6.75%
Accounts Payable
Avg YoY	-5.99%	-11.77%	13.60%	7.84%	356.90%
Slope	-6.23%	-12.83%	9.45%	-8.61%	-11.03%
CAGR	-6.01%	-12.47%	7.90%	-13.35%	4.81%
LSR	-6.01%	-11.31%	11.50%	3.84%	-2.78%
Short-Term Debt
Avg YoY	218.88%	96.37%	57.09%	22.79%	15.68%
Slope	66.01%	15.47%	8.86%	-2.24%	3.23%
CAGR	156.29%	16.09%	—	-5.11%	8.42%
LSR	156.29%	13.94%	—	—	—
Tax Payables
Avg YoY	10.45%	-0.37%	29.30%	15.90%	14.08%
Slope	-14.80%	-17.45%	0.18%	0.43%	1.11%
CAGR	-11.64%	-11.93%	9.67%	-1.08%	0.93%
LSR	-11.64%	-16.56%	3.31%	-0.45%	-0.01%
Deferred Revenue
Avg YoY	-54.06%	-20.23%	-4.48%	-4.48%	-4.48%
Slope	-78.18%	-21.57%	16.83%	20.83%	19.21%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Liabilities
Avg YoY	288.76%	152.71%	69.07%	50.22%	37.54%
Slope	93.67%	41.08%	-4.98%	0.30%	1.98%
CAGR	138.42%	32.89%	6.60%	9.95%	7.39%
LSR	138.42%	32.30%	-9.35%	-3.25%	-0.46%
Total Current Liabilities
Avg YoY	-9.67%	-4.04%	13.18%	7.10%	12.54%
Slope	-10.24%	-3.06%	7.75%	8.20%	7.79%
CAGR	-10.04%	-4.43%	8.80%	3.05%	7.33%
LSR	-10.04%	-3.23%	9.68%	9.20%	8.53%
Long-Term Debt
Avg YoY	—	—	-30.62%	-22.63%	-22.63%
Slope	—	—	-42.12%	-14.65%	-0.71%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Capital Lease Obligations
Avg YoY	1,397.01%	670.13%	527.12%	527.12%	527.12%
Slope	65.10%	52.61%	36.45%	29.50%	24.08%
CAGR	398.39%	46.81%	—	—	—
LSR	398.39%	75.47%	—	—	—
Deferred Tax Liabilities
Avg YoY	36.08%	12.34%	109.42%	118.63%	79.91%
Slope	17.37%	9.56%	-21.89%	2.96%	7.14%
CAGR	23.13%	4.44%	-3.70%	21.08%	0.54%
LSR	23.13%	9.43%	-14.83%	19.05%	11.89%
Other Non-Current Liabilities
Avg YoY	—	—	—	—	-100.00%
Slope	—	—	—	—	-16.54%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Liabilities
Avg YoY	1,206.57%	576.18%	503.24%	2,777.78%	5,467.73%
Slope	64.48%	51.85%	-2.53%	1.05%	4.90%
CAGR	364.41%	45.77%	1.77%	4.64%	28.21%
LSR	364.41%	73.33%	-4.90%	4.90%	22.14%
Total Liabilities
Avg YoY	12.52%	5.39%	7.60%	5.91%	19.78%
Slope	7.51%	6.51%	5.39%	6.36%	7.05%
CAGR	8.63%	3.26%	5.96%	3.53%	9.49%
LSR	8.63%	6.54%	5.49%	6.89%	8.94%
Common Stock
Avg YoY	0.00%	0.00%	0.00%	24.33%	18.71%
Slope	0.00%	0.00%	0.00%	7.65%	9.52%
CAGR	0.00%	0.00%	0.00%	11.38%	—
LSR	0.00%	0.00%	0.00%	12.37%	—
Retained Earnings
Avg YoY	5.99%	-0.03%	8.66%	10.55%	2.88%
Slope	5.79%	-0.64%	6.29%	13.26%	13.79%
CAGR	5.99%	-0.27%	8.03%	—	—
LSR	5.99%	-0.63%	7.34%	—	—
Accumulated OCI
Avg YoY	-10.04%	-64.88%	21.79%	21.91%	19.48%
Slope	-13.18%	-95.67%	-10.45%	23.06%	29.55%
CAGR	-11.70%	-64.71%	-22.97%	—	—
LSR	-11.70%	—	—	—	—
Minority Interest
Avg YoY	1.86%	1.01%	5.36%	7.77%	6.35%
Slope	1.63%	0.36%	5.38%	6.79%	6.76%
CAGR	1.68%	0.70%	5.11%	7.45%	6.05%
LSR	1.68%	0.38%	5.78%	7.60%	7.37%
Total Shareholders’ Equity
Avg YoY	4.52%	-4.24%	5.98%	121.29%	100.38%
Slope	4.41%	-4.42%	3.98%	12.13%	13.05%
CAGR	4.52%	-4.77%	5.07%	33.84%	—
LSR	4.52%	-4.00%	4.53%	33.22%	—
Total Equity
Avg YoY	4.45%	-4.15%	5.95%	74.96%	91.61%
Slope	4.34%	-4.30%	4.01%	11.98%	12.86%
CAGR	4.45%	-4.66%	5.07%	29.96%	28.87%
LSR	4.45%	-3.90%	4.56%	29.38%	25.77%
Total Liabilities & Equity
Avg YoY	4.95%	-3.43%	5.98%	33.41%	38.02%
Slope	4.70%	-3.21%	4.15%	11.34%	12.14%
CAGR	4.87%	-3.95%	5.16%	18.89%	21.09%
LSR	4.87%	-2.91%	4.67%	21.31%	20.47%
Tangible Assets
Avg YoY	3.86%	-4.01%	19.54%	12.12%	10.88%
Slope	3.73%	-3.85%	12.25%	8.82%	7.11%
CAGR	3.83%	-4.52%	14.24%	6.43%	6.49%
LSR	3.83%	-3.49%	15.16%	8.94%	6.68%
Tangible Equity
Avg YoY	4.45%	-4.15%	6.22%	74.93%	91.59%
Slope	4.34%	-4.30%	4.26%	12.08%	12.90%
CAGR	4.45%	-4.66%	5.27%	29.96%	28.87%
LSR	4.45%	-3.90%	4.83%	29.39%	25.72%
Tangible Book Value
Avg YoY	4.45%	-4.15%	6.22%	74.93%	91.59%
Slope	4.34%	-4.30%	4.26%	12.08%	12.90%
CAGR	4.45%	-4.66%	5.27%	29.96%	28.87%
LSR	4.45%	-3.90%	4.83%	29.39%	25.72%
Total Investments
Avg YoY	13.69%	-0.33%	12.22%	9.90%	9.00%
Slope	12.57%	-2.21%	8.84%	8.23%	7.48%
CAGR	12.90%	-2.27%	9.51%	7.88%	6.93%
LSR	12.90%	-1.88%	10.66%	8.77%	7.70%
Net Debt
Avg YoY	10.46%	5.12%	12.43%	18.02%	21.80%
Slope	-9.18%	-3.38%	-2.38%	-8.15%	-7.67%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Working Capital
Avg YoY	6.79%	-2.46%	7.04%	14.54%	22.54%
Slope	6.53%	-4.01%	1.42%	8.93%	9.63%
CAGR	6.62%	-2.99%	4.83%	11.66%	11.94%
LSR	6.62%	-3.78%	1.88%	13.12%	13.17%
Total Capital
Avg YoY	6.42%	-3.50%	5.76%	6.80%	7.14%
Slope	6.10%	-3.54%	3.84%	6.56%	6.81%
CAGR	6.37%	-4.16%	4.92%	6.15%	6.46%
LSR	6.37%	-3.17%	4.30%	7.47%	7.56%
Capital Employed
Avg YoY	5.74%	-3.62%	5.60%	7.23%	7.02%
Slope	5.47%	-3.60%	3.80%	6.65%	6.83%
CAGR	5.69%	-4.22%	4.77%	6.56%	6.37%
LSR	5.69%	-3.24%	4.24%	7.65%	7.58%
Invested Capital
Avg YoY	4.02%	-6.06%	9.05%	8.07%	7.99%
Slope	3.94%	-6.62%	5.16%	6.61%	6.68%
CAGR	4.02%	-7.24%	5.76%	5.73%	5.73%
LSR	4.02%	-5.69%	6.57%	7.28%	7.18%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Net Income
Avg YoY	151.59%	-151.94%	-50.43%	-27.13%	-13.36%
Slope	439.38%	-2.15%	-15.68%	-3.93%	1.09%
CAGR	—	-5.98%	-0.99%	2.68%	6.17%
LSR	—	—	—	—	—
Depreciation & Amortization
Avg YoY	24.21%	6.17%	23.80%	17.64%	13.37%
Slope	21.53%	4.28%	12.62%	13.45%	10.54%
CAGR	24.21%	4.54%	17.24%	12.91%	9.44%
LSR	24.21%	3.92%	16.26%	16.22%	10.62%
Change in Working Capital
Avg YoY	757.90%	357.56%	37.18%	15.35%	184.14%
Slope	-694.28%	-113.28%	7.30%	1.41%	7.91%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Accounts Receivable
Avg YoY	-88.97%	-20.04%	-481.95%	-389.59%	-389.59%
Slope	-15.92%	-78.35%	-4.85%	-14.00%	-15.38%
CAGR	8.47%	38.58%	—	—	—
LSR	—	—	—	—	—
Inventory
Avg YoY	-0.56%	14.32%	9.83%	-115.16%	-159.60%
Slope	142.17%	65.23%	-96.53%	-5.40%	-0.32%
CAGR	-46.81%	-38.87%	—	-10.83%	—
LSR	—	—	—	—	—
Accounts Payable
Avg YoY	139.15%	-189.71%	-68.69%	-71.82%	-71.82%
Slope	148.31%	92.18%	-99.95%	-81.64%	-53.35%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Working Capital
Avg YoY	12.84%	-13.95%	233.44%	159.73%	302.78%
Slope	-491.47%	-85.98%	14.15%	7.24%	11.25%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-139.82%	91.49%	36.78%	19.26%	5.56%
Slope	-217.85%	-38.19%	43,694.70%	55.12%	22.80%
CAGR	—	—	—	1.16%	6.22%
LSR	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	-42.42%	-27.23%	190.17%	130.83%	96.61%
Slope	-64.18%	-26.93%	13.01%	16.56%	15.42%
CAGR	-72.26%	-50.62%	-4.74%	4.23%	0.74%
LSR	-72.26%	-43.21%	19.89%	21.57%	18.02%
Capital Expenditures (PPE)
Avg YoY	-61.56%	-23.26%	-12.28%	-84.95%	-400.12%
Slope	-19.25%	3.27%	11.55%	8.01%	0.02%
CAGR	29.41%	-4.14%	-11.96%	-12.93%	-3.91%
LSR	29.41%	-3.42%	-13.56%	-5.01%	2.71%
Acquisitions (Net)
Avg YoY	-81.47%	27.96%	207.06%	1,223.30%	856.93%
Slope	-109.44%	-11.32%	-28.21%	-24.66%	119.20%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Purchases of Investments
Avg YoY	29.14%	16.48%	-61.85%	-59.93%	-43.54%
Slope	33.34%	25.63%	-5.90%	-12.42%	-11.19%
CAGR	-30.66%	-23.24%	1.71%	7.58%	—
LSR	-30.66%	-25.50%	12.37%	18.54%	—
Sales / Maturities of Investments
Avg YoY	43.79%	17.23%	181.11%	740.01%	560.04%
Slope	-8.63%	-35.95%	13.81%	15.60%	9.61%
CAGR	-13.37%	-34.66%	7.54%	13.05%	7.93%
LSR	-13.37%	-35.48%	26.47%	26.33%	9.55%
Other Investing Activities
Avg YoY	788.59%	222.97%	85.06%	163.90%	166.46%
Slope	134.83%	-17.51%	-10.27%	2.60%	5.02%
CAGR	—	-3.48%	0.20%	5.37%	12.83%
LSR	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	186.44%	13.30%	-0.80%	194.75%	150.41%
Slope	243.65%	-950.38%	-73.99%	-58.77%	-25.21%
CAGR	—	-4.74%	—	14.41%	6.79%
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	-130.77%	-62.28%	-62.28%	-29.43%	-12.99%
Slope	-74.62%	-37.62%	-39.42%	13.72%	-39.65%
CAGR	105.58%	36.65%	—	-1.28%	32.68%
LSR	105.58%	33.47%	—	—	—
Long-Term Debt Issuance
Avg YoY	-130.77%	-62.28%	-62.28%	-38.11%	-16.95%
Slope	-74.62%	-37.62%	-39.42%	9.62%	-244.25%
CAGR	105.58%	36.65%	—	-1.28%	32.68%
LSR	105.58%	33.47%	—	—	—
Short-Term Debt Issuance
Avg YoY	—	—	—	-1,289.62%	-1,289.62%
Slope	—	—	—	26.97%	7.62%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Stock Issuance
Avg YoY	—	—	—	-100.00%	-100.00%
Slope	—	—	—	-32.14%	-22.67%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock Issuance
Avg YoY	—	—	—	-100.00%	-100.00%
Slope	—	—	—	-32.14%	-22.67%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Dividends Paid
Avg YoY	-9.14%	-4.67%	-4.72%	-2.94%	-3.48%
Slope	-6.79%	-1.35%	-2.91%	-2.86%	-2.50%
CAGR	6.55%	3.33%	4.08%	2.41%	2.89%
LSR	6.55%	1.06%	2.93%	2.87%	2.47%
Common Dividends Paid
Avg YoY	-9.14%	-4.67%	-4.72%	-2.94%	-4.19%
Slope	-6.79%	-1.35%	-2.91%	-2.86%	-2.92%
CAGR	6.55%	3.33%	4.08%	2.41%	3.54%
LSR	6.55%	1.06%	2.93%	2.87%	2.97%
Preferred Dividends Paid
Avg YoY	—	—	—	—	34.58%
Slope	—	—	—	—	26.87%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Financing Activities
Avg YoY	-13.83%	-33.96%	-29.60%	-24.48%	-98.52%
Slope	-8.86%	-21.84%	-12.98%	-11.87%	-11.87%
CAGR	8.41%	27.94%	15.73%	12.41%	—
LSR	8.41%	26.51%	14.44%	13.28%	—
Net Cash from Financing Activities
Avg YoY	-24.53%	-17.73%	-12.86%	-5.80%	2.80%
Slope	-18.66%	-12.35%	-8.82%	-1.98%	-8.95%
CAGR	18.62%	14.49%	10.79%	2.75%	7.03%
LSR	18.62%	11.95%	8.92%	1.96%	—
Net Change in Cash
Avg YoY	58.41%	-33.76%	-44.19%	-2.72%	64.73%
Slope	908.43%	-39.03%	-11.44%	0.86%	-0.46%
CAGR	—	-51.48%	-21.75%	—	-3.81%
LSR	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	3.15%	11.70%	9.93%	12.25%	21.91%
Slope	1.11%	7.00%	1.44%	7.35%	7.98%
CAGR	1.05%	10.19%	4.64%	6.63%	8.89%
LSR	1.05%	7.55%	1.80%	9.27%	9.80%
Cash at End of Period
Avg YoY	12.41%	5.71%	8.61%	13.55%	19.59%
Slope	10.77%	3.72%	0.94%	6.98%	7.39%
CAGR	11.82%	4.48%	3.36%	8.17%	8.40%
LSR	11.82%	3.78%	1.41%	9.37%	9.16%
Operating Cash Flow
Avg YoY	-42.42%	-27.23%	190.17%	130.83%	96.61%
Slope	-64.18%	-26.93%	13.01%	16.56%	15.42%
CAGR	-72.26%	-50.62%	-4.74%	4.23%	0.74%
LSR	-72.26%	-43.21%	19.89%	21.57%	18.02%
Capital Expenditure
Avg YoY	-61.56%	-23.26%	-12.28%	-84.95%	-400.12%
Slope	-19.25%	3.27%	11.55%	8.01%	0.02%
CAGR	29.41%	-4.14%	-11.96%	-12.93%	-3.91%
LSR	29.41%	-3.42%	-13.56%	-5.01%	2.71%
Free Cash Flow
Avg YoY	-44.19%	-27.94%	729.80%	475.28%	335.88%
Slope	-66.70%	-27.57%	15.01%	19.97%	17.77%
CAGR	-76.02%	-54.02%	0.21%	—	4.65%
LSR	-76.02%	-46.35%	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
EBITDA
Avg YoY	47.33%	17.30%	176.20%	133.89%	93.69%
Slope	38.29%	12.84%	13.21%	12.93%	9.88%
CAGR	44.87%	12.10%	16.00%	19.55%	6.67%
LSR	44.87%	11.27%	—	—	—
(-) Tax Adjustment
Avg YoY	18.67%	155.56%	253.76%	184.88%	121.66%
Slope	81.40%	0.76%	15.68%	17.74%	14.01%
CAGR	—	32.18%	31.04%	30.41%	7.21%
LSR	—	—	—	—	—
Change In Working Capital
Avg YoY	757.90%	357.56%	37.18%	15.35%	184.14%
Slope	-694.28%	-113.28%	7.30%	1.41%	7.91%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Capital Expenditure
Avg YoY	-61.56%	-23.26%	-12.28%	-84.95%	-400.12%
Slope	-19.25%	3.27%	11.55%	8.01%	0.02%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	196.17%	107.62%	143.42%	121.70%	72.26%
Slope	56.94%	29.50%	17.59%	19.53%	12.18%
CAGR	58.25%	31.40%	22.64%	—	8.97%
LSR	58.25%	21.11%	—	—	—
Net Interest After Taxes
Avg YoY	-434.50%	-201.75%	-1,950.15%	-1,187.67%	-846.43%
Slope	-71.89%	-53.02%	-38.64%	-13.38%	-13.33%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	-130.77%	-62.28%	-62.28%	-29.43%	-12.99%
Slope	-74.62%	-37.62%	-39.42%	13.72%	-39.65%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	195.65%	108.58%	141.45%	98.26%	91.75%
Slope	55.00%	29.03%	16.02%	31.93%	10.19%
CAGR	55.34%	31.08%	21.16%	—	8.22%
LSR	55.34%	20.77%	—	—	—