Equifax Inc. (EFX)

Analysis: Growth Rates Industry: Consulting Services Sector: Industrials Live Price: $219.57

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	15.15%	12.13%	13.50%	18.03%	13.34%	13.81%	13.01%
Slope	13.03%	3.32%	11.10%	12.47%	11.59%	10.63%	9.63%
CAGR	14.51%	7.22%	9.63%	15.10%	10.53%	11.39%	10.45%
LSR	14.51%	3.96%	12.12%	15.31%	13.44%	12.03%	10.52%
Market Capitalization
Avg YoY	15.06%	12.07%	13.55%	18.02%	13.36%	13.80%	13.03%
Slope	12.95%	3.42%	11.16%	12.53%	11.64%	10.66%	9.65%
CAGR	14.42%	7.27%	9.75%	15.13%	10.59%	11.41%	10.50%
LSR	14.42%	4.06%	12.20%	15.41%	13.51%	12.05%	10.55%
(-) Cash & Equivalents
Avg YoY	-23.31%	-26.53%	50.17%	33.21%	33.50%	25.10%	27.79%
Slope	-26.35%	-59.12%	3.57%	8.19%	9.85%	9.76%	8.66%
CAGR	-23.31%	-43.88%	6.50%	2.64%	8.60%	3.08%	7.44%
LSR	-23.31%	-37.25%	5.63%	7.41%	10.88%	10.98%	8.97%
(+) Total Debt
Avg YoY	-7.38%	3.74%	21.43%	16.97%	19.43%	13.31%	17.95%
Slope	-7.68%	2.88%	12.19%	12.28%	11.17%	9.72%	8.93%
CAGR	-7.55%	2.99%	16.84%	12.30%	12.60%	7.12%	10.71%
LSR	-7.55%	3.14%	15.50%	14.61%	13.17%	10.38%	9.92%
Enterprise Value
Avg YoY	11.26%	12.39%	13.67%	17.24%	13.03%	12.43%	12.39%
Slope	9.86%	4.30%	11.43%	12.56%	11.60%	10.52%	9.55%
CAGR	10.75%	8.18%	10.52%	14.82%	10.84%	10.60%	10.55%
LSR	10.75%	5.12%	12.61%	15.31%	13.34%	11.67%	10.37%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	5.35%	8.50%	8.99%	8.46%	7.73%	6.99%	6.39%
Slope	5.22%	6.86%	8.23%	8.25%	7.31%	6.93%	5.77%
CAGR	5.31%	8.31%	8.78%	8.30%	7.48%	6.73%	5.81%
LSR	5.31%	7.31%	8.72%	8.84%	7.59%	7.25%	5.67%
Cost of Revenue
Avg YoY	7.56%	9.76%	12.45%	9.18%	8.20%	7.26%	6.11%
Slope	7.29%	8.92%	10.71%	9.86%	7.99%	7.29%	5.40%
CAGR	7.56%	9.73%	12.29%	8.94%	7.90%	6.85%	5.15%
LSR	7.56%	9.50%	11.93%	10.53%	7.98%	7.32%	4.93%
Gross Profit
Avg YoY	3.71%	7.66%	7.07%	8.16%	7.55%	6.98%	6.92%
Slope	3.61%	5.33%	6.50%	7.17%	6.85%	6.68%	6.04%
CAGR	3.63%	7.25%	6.62%	7.84%	7.17%	6.64%	6.44%
LSR	3.63%	5.71%	6.71%	7.75%	7.31%	7.19%	6.28%
Gross Margin
Avg YoY	-1.59%	-0.94%	-1.92%	-0.36%	-0.23%	-0.03%	0.69%
Slope	-1.63%	-1.50%	-1.90%	-1.00%	-0.25%	-0.05%	0.54%
CAGR	-1.60%	-0.98%	-1.99%	-0.43%	-0.29%	-0.09%	0.60%
LSR	-1.60%	-1.49%	-1.85%	-1.00%	-0.26%	-0.06%	0.58%
SG&A Expenses
Avg YoY	4.71%	2.96%	8.35%	9.62%	9.31%	8.66%	7.73%
Slope	4.61%	2.55%	4.54%	7.22%	7.53%	7.67%	7.00%
CAGR	4.71%	2.92%	5.78%	7.87%	7.91%	7.45%	6.56%
LSR	4.71%	2.56%	5.30%	8.34%	8.53%	8.88%	7.62%
Operating Expenses
Avg YoY	5.95%	5.47%	9.37%	9.65%	9.72%	8.70%	8.12%
Slope	5.78%	5.28%	6.41%	8.08%	8.07%	7.82%	7.10%
CAGR	5.95%	5.47%	7.76%	8.58%	8.80%	7.58%	7.03%
LSR	5.95%	5.41%	7.27%	9.16%	9.08%	8.75%	7.57%
Operating Income (EBIT)
Avg YoY	0.02%	15.25%	-49.11%	-27.87%	-20.24%	-14.26%	-10.34%
Slope	-0.69%	5.43%	6.71%	5.25%	4.46%	4.55%	4.13%
CAGR	-0.66%	11.40%	4.62%	6.53%	4.87%	5.20%	5.48%
LSR	-0.66%	6.89%	—	—	—	—	—
Operating Margin
Avg YoY	-5.27%	4.91%	-52.95%	-33.08%	-25.56%	-19.24%	-14.99%
Slope	-6.01%	-0.77%	-3.21%	-3.84%	-3.22%	-2.48%	-1.38%
CAGR	-5.67%	2.85%	-3.82%	-1.64%	-2.42%	-1.44%	-0.31%
LSR	-5.67%	-0.40%	—	—	—	—	—
Interest Expense
Avg YoY	13.41%	13.83%	16.30%	11.63%	9.59%	9.59%	9.59%
Slope	10.58%	14.39%	13.55%	11.26%	10.55%	11.55%	11.36%
CAGR	11.89%	12.78%	15.26%	10.57%	—	—	—
LSR	11.89%	15.81%	14.89%	11.71%	—	—	—
Net Interest Income
Avg YoY	13.41%	13.83%	16.30%	11.63%	9.59%	9.59%	9.59%
Slope	-10.58%	-14.39%	-13.55%	-11.26%	-10.55%	-11.55%	-11.36%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Income / Expense
Avg YoY	24.29%	48.12%	24.38%	17.02%	36.46%	2.68%	148.71%
Slope	-18.51%	-22.96%	-14.22%	-10.77%	-9.60%	-9.53%	-9.37%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unusual Items
Avg YoY	24.29%	48.12%	24.38%	17.02%	36.46%	2.68%	148.71%
Slope	18.51%	22.96%	14.22%	10.77%	9.60%	9.53%	9.37%
CAGR	22.04%	36.42%	16.00%	10.71%	15.20%	8.93%	—
LSR	22.04%	32.28%	14.58%	10.36%	11.38%	—	—
EBT excl. Unusual
Avg YoY	-11.92%	-2.90%	-75.41%	-43.36%	-33.16%	-22.04%	-18.27%
Slope	-32.97%	-15.82%	-1.26%	0.59%	0.78%	1.59%	1.35%
CAGR	-24.91%	-10.79%	-4.22%	2.02%	-0.14%	2.57%	1.54%
LSR	-24.91%	-16.23%	—	—	—	—	—
Pre-Tax Income
Avg YoY	-4.94%	6.65%	-53.80%	-30.55%	-22.55%	-15.18%	-11.81%
Slope	-7.27%	0.24%	5.16%	4.40%	3.81%	4.10%	3.65%
CAGR	-6.63%	4.29%	2.72%	5.66%	3.92%	5.03%	4.55%
LSR	-6.63%	0.57%	—	—	—	—	—
Pre-Tax Margin
Avg YoY	-10.12%	-2.49%	-57.52%	-35.71%	-27.75%	-20.03%	-16.38%
Slope	-12.65%	-6.29%	-4.84%	-4.57%	-3.80%	-2.79%	-1.78%
CAGR	-11.34%	-3.72%	-5.57%	-2.45%	-3.31%	-1.59%	-1.19%
LSR	-11.34%	-6.29%	—	—	—	—	—
Income Tax Expense
Avg YoY	-2.66%	8.81%	-84.64%	-50.99%	-37.73%	-27.89%	-22.10%
Slope	-6.59%	2.81%	2.27%	0.29%	0.95%	1.62%	1.43%
CAGR	-5.90%	6.32%	0.08%	3.13%	1.82%	2.66%	2.83%
LSR	-5.90%	3.07%	—	—	—	—	—
Net Income
Avg YoY	-5.45%	6.44%	-49.60%	-27.98%	-20.07%	-14.26%	-10.21%
Slope	-7.49%	-0.50%	6.30%	5.84%	4.87%	4.89%	4.41%
CAGR	-6.85%	3.81%	3.87%	6.01%	4.83%	4.14%	4.98%
LSR	-6.85%	-0.12%	—	—	—	—	—
Net Margin
Avg YoY	-10.56%	-2.81%	-53.97%	-33.67%	-25.62%	-19.49%	-14.42%
Slope	-12.83%	-6.98%	-3.51%	-3.10%	-2.87%	-2.20%	-1.23%
CAGR	-11.55%	-4.16%	-4.51%	-2.11%	-2.46%	-2.43%	-0.78%
LSR	-11.55%	-6.92%	—	—	—	—	—
Depreciation & Amortization
Avg YoY	9.41%	14.39%	14.88%	10.93%	12.50%	9.11%	9.62%
Slope	8.99%	12.56%	12.72%	11.06%	9.96%	8.85%	7.77%
CAGR	9.41%	14.26%	14.58%	10.52%	11.77%	8.05%	8.51%
LSR	9.41%	13.91%	14.06%	11.70%	10.81%	9.22%	7.81%
EBITDA
Avg YoY	3.26%	14.40%	6,275.25%	4,037.18%	2,975.83%	2,356.85%	1,952.08%
Slope	3.00%	8.02%	8.90%	7.21%	6.21%	5.88%	5.22%
CAGR	2.97%	12.49%	7.56%	7.85%	6.68%	6.11%	6.39%
LSR	2.97%	9.36%	12.08%	3.02%	2.26%	2.86%	2.81%
EBITDA Margin
Avg YoY	-2.10%	4.64%	5,323.03%	3,422.33%	2,521.29%	1,996.21%	1,653.13%
Slope	-2.28%	1.65%	-0.36%	-1.76%	-1.46%	-1.30%	-0.49%
CAGR	-2.22%	3.85%	-1.12%	-0.42%	-0.74%	-0.58%	0.55%
LSR	-2.22%	1.91%	3.09%	-5.35%	-4.95%	-4.10%	-2.70%
NOPAT
Avg YoY	0.02%	15.25%	-49.11%	-27.87%	-20.24%	-14.26%	-10.34%
Slope	-0.69%	5.43%	6.71%	5.25%	4.46%	4.55%	4.13%
CAGR	-0.66%	11.40%	4.62%	6.53%	4.87%	5.20%	5.48%
LSR	-0.66%	6.89%	—	—	—	—	—
NOPAT Margin
Avg YoY	-5.27%	4.91%	-52.95%	-33.08%	-25.56%	-19.24%	-14.99%
Slope	-6.01%	-0.77%	-3.21%	-3.84%	-3.22%	-2.48%	-1.38%
CAGR	-5.67%	2.85%	-3.82%	-1.64%	-2.42%	-1.44%	-0.31%
LSR	-5.67%	-0.40%	—	—	—	—	—
Owner's Earnings
Avg YoY	12.60%	15.61%	-46.17%	-26.80%	-19.31%	-14.36%	-25.43%
Slope	10.08%	5.39%	5.84%	3.93%	3.78%	3.75%	4.48%
CAGR	9.89%	11.62%	5.37%	6.16%	4.90%	4.07%	5.16%
LSR	9.89%	5.91%	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	6.38%	5.49%	-51.32%	-32.85%	-24.91%	-19.62%	-27.86%
Slope	4.52%	-1.35%	-4.56%	-5.31%	-3.80%	-3.27%	-0.96%
CAGR	4.34%	3.05%	-3.14%	-1.98%	-2.40%	-2.50%	-0.61%
LSR	4.34%	-1.31%	—	—	—	—	—
EPS (Basic)
Avg YoY	-6.01%	5.94%	-49.86%	-27.78%	-19.70%	-13.74%	-9.33%
Slope	-8.08%	-0.93%	5.80%	5.71%	5.09%	5.25%	4.93%
CAGR	-7.38%	3.33%	3.39%	6.07%	5.09%	4.50%	5.69%
LSR	-7.38%	-0.57%	—	—	—	—	—
EPS (Diluted)
Avg YoY	-6.08%	5.95%	-49.71%	-27.72%	-19.62%	-13.73%	-9.29%
Slope	-8.16%	-0.83%	5.91%	5.79%	5.15%	5.27%	4.95%
CAGR	-7.45%	3.37%	3.50%	6.11%	5.14%	4.51%	5.73%
LSR	-7.45%	-0.48%	—	—	—	—	—
Shares (Basic)
Avg YoY	0.57%	0.47%	0.47%	-0.05%	-0.23%	-0.33%	-0.66%
Slope	0.57%	0.46%	0.44%	0.06%	-0.31%	-0.51%	-0.70%
CAGR	0.57%	0.47%	0.47%	-0.06%	-0.24%	-0.34%	-0.68%
LSR	0.57%	0.46%	0.44%	0.06%	-0.31%	-0.50%	-0.68%
Shares (Diluted)
Avg YoY	0.65%	0.43%	0.36%	-0.09%	-0.28%	-0.34%	-0.70%
Slope	0.64%	0.36%	0.36%	-0.02%	-0.38%	-0.52%	-0.73%
CAGR	0.65%	0.42%	0.36%	-0.09%	-0.30%	-0.35%	-0.72%
LSR	0.65%	0.36%	0.36%	-0.02%	-0.38%	-0.52%	-0.71%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
International
Avg YoY	8.34%	11.82%	10.63%	8.82%	8.82%
Slope	8.02%	9.42%	6.65%	7.63%	7.63%
CAGR	8.34%	11.48%	9.73%	8.00%	8.00%
LSR	8.34%	10.25%	7.23%	8.40%	8.40%
United States Consumer Information Solutions
Avg YoY	6.22%	6.29%	5.37%	5.37%	5.37%
Slope	6.04%	4.06%	5.26%	5.26%	5.26%
CAGR	6.18%	5.85%	5.10%	5.10%	5.10%
LSR	6.18%	4.23%	5.37%	5.37%	5.37%
Workforce
Avg YoY	1.68%	14.63%	17.89%	16.82%	16.82%
Slope	1.65%	10.43%	16.52%	15.97%	15.97%
CAGR	1.65%	13.58%	16.90%	15.93%	15.93%
LSR	1.65%	12.13%	19.49%	18.55%	18.55%

Geographic Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
AUSTRALIA
Avg YoY	-3.13%	2.23%	5.33%	5.33%	5.33%
Slope	-3.18%	0.73%	2.26%	2.26%	2.26%
CAGR	-3.13%	1.83%	4.28%	4.28%	4.28%
LSR	-3.13%	0.84%	2.59%	2.59%	2.59%
UNITED KINGDOM
Avg YoY	6.32%	1.51%	4.38%	8.82%	8.82%
Slope	6.05%	1.40%	2.05%	4.96%	4.96%
CAGR	6.11%	1.08%	3.64%	7.54%	7.54%
LSR	6.11%	1.38%	2.27%	6.03%	6.03%
UNITED STATES
Avg YoY	3.59%	7.42%	8.57%	8.42%	8.42%
Slope	3.52%	5.92%	8.57%	8.40%	8.40%
CAGR	3.56%	7.23%	8.31%	8.19%	8.19%
LSR	3.56%	6.30%	9.07%	8.89%	8.89%
Other Countries
Avg YoY	-1.32%	-1.32%	-1.32%	-1.32%	-1.32%
Slope	-1.33%	-1.33%	-1.33%	-1.33%	-1.33%
CAGR	-1.32%	-1.32%	-1.32%	-1.32%	-1.32%
LSR	—	—	—	—	—
CANADA
Avg YoY	-0.66%	-0.40%	-0.40%	-0.40%	-0.40%
Slope	-1.35%	-1.99%	-1.99%	-1.99%	-1.99%
CAGR	-1.29%	-0.82%	-0.82%	-0.82%	-0.82%
LSR	-1.29%	-1.98%	-1.98%	-1.98%	-1.98%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	-23.31%	-26.53%	50.17%	33.21%	33.50%	25.10%	27.79%
Slope	-26.35%	-59.12%	3.57%	8.19%	9.85%	9.76%	8.66%
CAGR	-23.31%	-43.88%	6.50%	2.64%	8.60%	3.08%	7.44%
LSR	-23.31%	-37.25%	5.63%	7.41%	10.88%	10.98%	8.97%
Cash & Short-Term Investments
Avg YoY	-23.31%	-26.53%	50.17%	33.21%	33.50%	25.10%	27.79%
Slope	-26.35%	-59.12%	3.57%	8.19%	9.85%	9.76%	8.66%
CAGR	-23.31%	-43.88%	6.50%	2.64%	8.60%	3.08%	7.44%
LSR	-23.31%	-37.25%	5.63%	7.41%	10.88%	10.98%	8.97%
Net Receivables
Avg YoY	4.99%	10.69%	11.65%	10.00%	8.79%	4.70%	6.55%
Slope	4.86%	9.87%	10.91%	9.71%	8.31%	6.61%	5.26%
CAGR	4.98%	10.54%	11.44%	9.78%	8.48%	3.57%	5.38%
LSR	4.98%	10.75%	11.81%	10.23%	8.43%	6.42%	4.80%
Other Current Assets
Avg YoY	2.21%	15.29%	17.90%	28.17%	27.51%	18.57%	15.11%
Slope	1.96%	13.03%	-0.23%	6.02%	8.83%	6.25%	3.22%
CAGR	1.93%	13.10%	2.05%	11.71%	13.74%	2.03%	1.34%
LSR	1.93%	14.70%	0.62%	9.67%	13.51%	7.25%	3.01%
Total Current Assets
Avg YoY	-1.06%	-9.34%	18.27%	14.23%	13.36%	7.99%	9.02%
Slope	-1.08%	-15.25%	7.44%	8.87%	8.85%	7.53%	6.04%
CAGR	-1.07%	-15.59%	9.54%	8.37%	8.77%	3.35%	5.00%
LSR	-1.07%	-11.11%	9.44%	10.00%	9.82%	7.74%	5.64%
Property, Plant & Equipment
Avg YoY	8.67%	13.24%	19.88%	14.77%	15.98%	18.76%	16.86%
Slope	7.97%	12.67%	16.53%	15.11%	12.96%	12.27%	10.95%
CAGR	8.48%	13.04%	19.56%	14.21%	15.16%	13.49%	11.97%
LSR	8.48%	13.99%	20.45%	17.46%	14.44%	15.82%	12.86%
Goodwill
Avg YoY	0.79%	10.53%	11.96%	10.26%	14.66%	8.63%	8.63%
Slope	0.61%	7.32%	8.60%	9.35%	9.80%	10.81%	10.84%
CAGR	0.62%	9.39%	10.55%	9.28%	—	—	—
LSR	0.62%	8.36%	9.52%	10.45%	—	—	—
Intangible Assets
Avg YoY	-8.17%	15.27%	9.80%	10.82%	11.11%	18.64%	19.62%
Slope	-8.76%	5.57%	5.95%	5.99%	5.52%	5.46%	5.36%
CAGR	-8.70%	9.81%	6.04%	6.37%	2.11%	3.81%	6.14%
LSR	-8.70%	7.53%	6.22%	6.52%	6.13%	5.96%	5.89%
Long-Term Investments
Avg YoY	-40.62%	-30.85%	-30.85%	-30.85%	-30.85%	-30.85%	-30.85%
Slope	-68.57%	-35.28%	21.75%	23.01%	20.43%	17.87%	15.74%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Current Assets
Avg YoY	27.82%	8.37%	22.07%	14.36%	8.53%	8.57%	14.48%
Slope	23.32%	4.36%	9.82%	6.91%	4.93%	-2.52%	-2.70%
CAGR	24.50%	4.99%	17.23%	9.17%	2.10%	-3.70%	1.89%
LSR	24.50%	3.57%	12.31%	7.12%	4.95%	-0.07%	-1.69%
Total Non-Current Assets
Avg YoY	0.62%	10.56%	12.29%	10.47%	13.28%	11.27%	14.32%
Slope	0.42%	7.42%	9.31%	9.40%	9.17%	9.17%	8.76%
CAGR	0.43%	9.42%	10.98%	9.37%	10.94%	8.12%	10.61%
LSR	0.43%	8.48%	10.34%	10.36%	10.63%	11.17%	10.71%
Total Assets
Avg YoY	0.42%	4.93%	11.68%	10.04%	12.38%	9.72%	12.01%
Slope	0.27%	4.54%	9.08%	9.34%	9.13%	8.96%	8.39%
CAGR	0.27%	4.71%	10.82%	9.26%	10.67%	7.28%	9.41%
LSR	0.27%	4.81%	10.27%	10.40%	10.56%	10.63%	9.73%
Accounts Payable
Avg YoY	-26.11%	-0.32%	20.38%	19.64%	31.57%	21.66%	19.61%
Slope	-29.38%	-3.20%	9.79%	14.50%	13.17%	12.09%	6.38%
CAGR	-26.25%	-3.87%	14.17%	13.22%	18.41%	9.57%	3.53%
LSR	-26.25%	-3.79%	13.85%	21.48%	17.61%	14.92%	6.46%
Short-Term Debt
Avg YoY	-15.03%	-9.52%	3,982.84%	2,602.16%	1,945.88%	1,551.28%	1,299.17%
Slope	-16.60%	-7.91%	11.49%	12.73%	10.86%	9.37%	9.29%
CAGR	-16.22%	-11.48%	33.54%	28.55%	11.48%	11.53%	13.71%
LSR	-16.22%	-7.90%	33.66%	17.77%	9.33%	6.48%	8.63%
Deferred Revenue
Avg YoY	-6.69%	1.93%	2.12%	5.75%	5.69%	5.69%	5.69%
Slope	-7.96%	-0.13%	1.60%	5.42%	4.88%	7.93%	8.84%
CAGR	-7.37%	1.19%	1.61%	5.05%	4.91%	—	—
LSR	-7.37%	-0.10%	1.60%	6.22%	5.20%	—	—
Other Current Liabilities
Avg YoY	15.90%	-4.52%	29.70%	21.57%	27.98%	18.76%	16.73%
Slope	14.80%	-16.18%	7.38%	10.82%	11.29%	7.74%	5.09%
CAGR	15.84%	-10.31%	10.02%	7.23%	11.67%	3.41%	3.81%
LSR	15.84%	-14.08%	10.80%	13.23%	13.86%	7.27%	3.88%
Total Current Liabilities
Avg YoY	-9.97%	-9.48%	35.17%	28.73%	27.61%	22.55%	20.25%
Slope	-10.50%	-9.08%	9.16%	11.64%	10.60%	9.00%	7.51%
CAGR	-10.24%	-9.62%	15.64%	12.63%	10.89%	7.34%	6.73%
LSR	-10.24%	-8.82%	13.27%	15.32%	12.39%	9.26%	7.02%
Long-Term Debt
Avg YoY	-5.83%	7.99%	19.32%	14.73%	35.62%	25.87%	28.27%
Slope	-6.00%	5.15%	12.34%	12.20%	11.23%	9.79%	8.86%
CAGR	-5.91%	6.71%	15.56%	11.29%	12.80%	6.70%	10.39%
LSR	-5.91%	5.95%	15.53%	14.14%	14.17%	10.89%	9.84%
Capital Lease Obligations
Avg YoY	10.69%	10.69%	10.69%	10.69%	-44.65%	-44.65%	-44.65%
Slope	78.81%	76.27%	48.79%	34.96%	23.36%	19.75%	17.04%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	-11.94%	3.01%	8.66%	4.83%	15.66%	21.43%	22.76%
Slope	-13.27%	3.61%	5.66%	4.81%	5.15%	6.81%	7.65%
CAGR	-13.16%	0.99%	5.77%	2.73%	5.86%	6.21%	—
LSR	-13.16%	3.65%	6.00%	4.78%	6.09%	9.82%	—
Other Non-Current Liabilities
Avg YoY	12.60%	3.89%	7.46%	8.78%	9.44%	6.81%	7.03%
Slope	10.80%	3.37%	4.30%	4.56%	4.90%	4.70%	4.29%
CAGR	11.90%	3.03%	5.96%	4.94%	5.87%	3.50%	3.82%
LSR	11.90%	3.33%	4.55%	4.89%	5.39%	4.98%	4.37%
Total Non-Current Liabilities
Avg YoY	-3.85%	7.77%	16.64%	12.25%	22.52%	16.16%	18.71%
Slope	-4.04%	5.74%	11.44%	10.99%	10.11%	9.07%	8.34%
CAGR	-4.04%	6.80%	13.97%	9.87%	11.31%	6.48%	9.58%
LSR	-4.04%	6.48%	13.85%	12.27%	12.05%	9.99%	9.23%
Total Liabilities
Avg YoY	-5.22%	2.64%	17.26%	13.13%	15.35%	10.38%	12.52%
Slope	-5.45%	2.07%	10.89%	11.14%	10.23%	9.06%	8.13%
CAGR	-5.42%	2.14%	14.29%	10.36%	11.22%	6.64%	8.78%
LSR	-5.42%	2.22%	13.46%	12.88%	11.76%	9.66%	8.56%
Preferred Stock
Avg YoY	—	—	—	—	—	-27.28%	36.98%
Slope	—	—	—	—	—	-21.94%	-12.17%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock
Avg YoY	-0.64%	-0.42%	-0.36%	0.10%	0.43%	0.67%	0.79%
Slope	-0.64%	-0.36%	-0.36%	0.02%	0.42%	0.73%	3.26%
CAGR	-0.64%	-0.42%	-0.36%	0.09%	0.41%	0.66%	—
LSR	-0.64%	-0.36%	-0.36%	0.02%	0.43%	0.75%	—
Retained Earnings
Avg YoY	6.32%	9.08%	5.02%	6.10%	8.01%	9.01%	12.87%
Slope	6.13%	8.40%	3.89%	5.02%	6.11%	7.11%	7.65%
CAGR	6.32%	9.04%	4.76%	5.92%	7.81%	8.61%	12.10%
LSR	6.32%	8.94%	3.87%	5.32%	7.01%	9.07%	11.05%
Accumulated OCI
Avg YoY	28.42%	47.21%	17.28%	14.56%	14.49%	11.20%	12.83%
Slope	-22.25%	-29.21%	0.02%	-2.39%	-3.82%	-2.92%	-3.91%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Minority Interest
Avg YoY	394.01%	182.02%	82.92%	61.02%	56.60%	56.60%	56.60%
Slope	53.85%	42.07%	10.31%	10.14%	12.25%	12.64%	12.11%
CAGR	168.51%	30.26%	13.01%	15.27%	—	—	—
LSR	168.51%	54.10%	3.96%	7.84%	—	—	—
Total Shareholders’ Equity
Avg YoY	4.36%	6.40%	4.88%	5.81%	7.52%	8.68%	17.14%
Slope	4.19%	6.23%	4.08%	5.01%	6.00%	7.05%	7.74%
CAGR	4.32%	6.36%	4.56%	5.59%	7.30%	8.02%	14.91%
LSR	4.32%	6.54%	4.13%	5.31%	6.79%	9.00%	12.17%
Total Equity
Avg YoY	5.39%	6.74%	5.02%	5.93%	7.65%	8.78%	17.22%
Slope	5.08%	6.73%	4.17%	5.08%	6.06%	7.11%	7.78%
CAGR	5.29%	6.68%	4.68%	5.70%	7.42%	8.12%	15.00%
LSR	5.29%	7.06%	4.20%	5.38%	6.88%	9.08%	12.25%
Total Liabilities & Equity
Avg YoY	-0.72%	4.37%	9.36%	8.32%	9.80%	7.98%	11.71%
Slope	-0.86%	4.06%	7.74%	8.14%	8.13%	8.08%	7.96%
CAGR	-0.88%	4.12%	8.79%	7.83%	9.13%	7.26%	10.54%
LSR	-0.88%	4.30%	8.55%	8.91%	9.17%	9.30%	9.82%
Tangible Assets
Avg YoY	4.73%	-1.51%	17.69%	13.14%	11.38%	6.87%	9.70%
Slope	4.56%	-1.14%	11.93%	11.53%	10.29%	7.98%	6.35%
CAGR	4.71%	-3.47%	14.78%	11.10%	9.58%	3.56%	6.43%
LSR	4.71%	-0.61%	15.03%	13.03%	11.04%	7.87%	5.69%
Tangible Equity
Avg YoY	-12.25%	34.83%	-117.72%	-99.98%	-90.36%	-55.84%	-41.44%
Slope	13.18%	-7.32%	-17.28%	-19.20%	-17.95%	-17.98%	-14.89%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Tangible Book Value
Avg YoY	-12.25%	34.83%	-117.72%	-99.98%	-90.36%	-55.84%	-41.44%
Slope	13.18%	-7.32%	-17.28%	-19.20%	-17.95%	-17.98%	-14.89%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Investments
Avg YoY	-40.62%	-30.85%	-30.85%	-30.85%	-30.85%	-30.85%	-30.85%
Slope	-68.57%	-35.28%	21.75%	23.01%	20.43%	17.87%	15.74%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt
Avg YoY	-6.61%	20.64%	24.71%	19.81%	22.07%	15.47%	20.03%
Slope	-6.89%	9.69%	13.14%	12.73%	11.31%	9.72%	8.96%
CAGR	-6.81%	15.29%	17.54%	13.05%	12.81%	7.36%	10.90%
LSR	-6.81%	12.93%	16.02%	14.88%	13.07%	10.12%	9.86%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	-15.11%	6,012.63%	2,760.67%	1,848.07%	1,407.71%	1,099.51%	918.35%
Slope	17.11%	-6.38%	-10.43%	-17.35%	-13.99%	-14.47%	-16.26%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Total Capital
Avg YoY	-0.20%	6.62%	12.76%	10.81%	13.35%	10.88%	13.00%
Slope	-0.31%	6.02%	9.78%	9.71%	9.46%	9.30%	8.85%
CAGR	-0.32%	6.32%	11.70%	9.78%	11.22%	8.73%	10.45%
LSR	-0.32%	6.51%	11.05%	10.79%	10.99%	11.12%	10.72%
Capital Employed
Avg YoY	1.65%	8.61%	11.13%	9.28%	13.55%	10.88%	13.12%
Slope	1.46%	7.49%	9.24%	9.01%	8.93%	8.92%	8.49%
CAGR	1.50%	8.23%	10.55%	8.75%	10.66%	7.76%	9.85%
LSR	1.50%	8.21%	10.22%	9.77%	10.45%	10.77%	10.18%
Invested Capital
Avg YoY	0.42%	14.27%	13.34%	11.33%	13.76%	11.33%	13.34%
Slope	0.29%	9.89%	10.12%	9.79%	9.44%	9.28%	8.86%
CAGR	0.29%	12.75%	11.82%	10.00%	11.28%	8.95%	10.53%
LSR	0.29%	11.69%	11.13%	10.71%	10.84%	11.02%	10.73%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	-6.20%	5.68%	3.01%	6.01%	5.39%	6.07%	7.09%
Slope	-8.17%	-0.89%	5.74%	5.62%	5.10%	5.28%	4.98%
CAGR	-7.47%	3.21%	3.41%	5.92%	5.17%	4.54%	5.75%
LSR	-7.47%	-0.55%	—	—	—	—	—
Depreciation & Amortization
Avg YoY	8.70%	13.91%	14.46%	10.97%	12.70%	9.37%	10.32%
Slope	8.34%	12.20%	12.37%	11.00%	10.13%	9.15%	8.20%
CAGR	8.70%	13.78%	14.16%	10.62%	12.10%	8.43%	9.29%
LSR	8.70%	13.50%	13.65%	11.73%	11.23%	9.79%	8.58%
Deferred Income Tax
Avg YoY	-86.92%	147.42%	-644.38%	-228.71%	-154.59%	-119.90%	-95.18%
Slope	-483.68%	-610.31%	4.78%	-3.50%	-17.26%	-55.99%	-199.49%
CAGR	—	—	9.46%	—	—	—	—
LSR	—	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	13.44%	10.22%	8.57%	10.20%	15.08%	15.08%	15.08%
Slope	12.55%	10.48%	8.69%	8.22%	8.65%	10.34%	10.51%
CAGR	13.44%	10.05%	8.34%	9.99%	13.19%	—	—
LSR	13.44%	10.87%	8.94%	8.82%	10.23%	—	—
Change in Working Capital
Avg YoY	122.18%	-548.37%	701.97%	500.76%	417.33%	321.43%	262.31%
Slope	150.22%	-5.71%	-359.42%	-69.39%	-34.37%	-3.07%	-1.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	-49.50%	-44.77%	-342.50%	-334.02%	-165.97%	-158.87%	-158.87%
Slope	48.29%	12.92%	-9.62%	-12.55%	-14.05%	-13.85%	-12.95%
CAGR	-31.28%	-8.67%	10.14%	23.24%	8.73%	—	—
LSR	-31.28%	-16.24%	17.71%	18.81%	—	—	—
Other Working Capital
Avg YoY	325.89%	-185.99%	1.12%	53.04%	31.62%	22.35%	10.07%
Slope	205.50%	-36.31%	-51.43%	-5.63%	5.79%	46.38%	121.36%
CAGR	—	—	-5.32%	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	81.34%	34.76%	17.20%	17.91%	-135.57%	-73.16%	-475.85%
Slope	109.24%	80.23%	4.41%	-11.57%	-25.31%	-212.71%	-10,415.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	32.22%	15.36%	21.87%	20.22%	15.52%	13.24%	14.47%
Slope	26.00%	4.53%	6.42%	7.29%	6.72%	6.64%	6.14%
CAGR	31.42%	8.31%	6.26%	10.01%	7.78%	7.00%	8.34%
LSR	31.42%	4.69%	6.17%	7.52%	6.74%	6.88%	6.34%
Capital Expenditures (PPE)
Avg YoY	9.90%	-6.07%	-16.07%	-15.15%	-28.62%	-22.17%	-65.50%
Slope	10.38%	-5.62%	-13.47%	-14.96%	-13.15%	-12.40%	-8.85%
CAGR	-10.08%	4.53%	14.52%	12.48%	19.91%	11.94%	10.86%
LSR	-10.08%	6.19%	17.13%	19.36%	16.73%	16.80%	11.20%
Acquisitions (Net)
Avg YoY	58.87%	-944.12%	-12,823.09%	-8,325.13%	-6,190.65%	-4,943.19%	-4,943.19%
Slope	82.30%	38.72%	1.79%	-4.55%	-7.60%	-7.19%	-8.33%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Purchases of Investments
Avg YoY	—	—	100.00%	100.00%	100.00%	100.00%	100.00%
Slope	—	—	42.42%	5.36%	-4.51%	-7.69%	-8.68%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	—	—	—	—	-100.00%	-91.41%	-91.41%
Slope	—	—	—	—	-28.57%	-15.10%	-7.15%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Investing Activities
Avg YoY	—	-100.00%	-78.28%	-78.28%	-33.71%	-59.53%	-22.36%
Slope	—	-50.00%	-14.45%	7.00%	12.20%	-4.12%	17.55%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	25.57%	-115.60%	-184.87%	-1,652.94%	-1,231.17%	-1,072.21%	-909.13%
Slope	29.16%	20.05%	-4.18%	-8.98%	-9.85%	-9.21%	-8.06%
CAGR	-27.46%	0.51%	14.38%	—	6.70%	2.08%	7.30%
LSR	-27.46%	-12.32%	9.93%	—	—	—	—
Net Debt Issuance
Avg YoY	-458.22%	-242.81%	44.00%	666.80%	554.92%	409.06%	448.63%
Slope	-633.00%	-133.96%	-13.60%	4.16%	7.57%	12.09%	7.99%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	-175.84%	-112.60%	-6.35%	90.00%	29.00%	29.00%	29.00%
Slope	-635.88%	-143.28%	-18.09%	3.64%	6.80%	9.16%	9.69%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-64.07%	11,461.97%	5,099.52%	3,337.39%	2,499.62%	2,382.84%	2,382.84%
Slope	-614.07%	-89.65%	39.61%	0.64%	-19.69%	-7.93%	-8.84%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	115.18%	22.02%	48.01%	-179.83%	-176.85%	-177.52%	-142.67%
Slope	71.65%	87.68%	101.99%	26.90%	16.04%	6.46%	4.22%
CAGR	113.73%	16.53%	—	—	—	—	—
LSR	113.73%	—	—	—	—	—	—
Common Stock Issuance
Avg YoY	115.18%	43.46%	43.46%	43.46%	-1.87%	15.38%	23.07%
Slope	71.65%	30.58%	37.72%	30.06%	4.07%	-0.98%	-0.12%
CAGR	113.73%	16.53%	—	—	1.46%	5.57%	6.25%
LSR	113.73%	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	—	100.00%	100.00%	-245.77%	-206.79%	-188.77%	-146.49%
Slope	—	50.00%	34.53%	17.80%	13.41%	5.55%	3.61%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Dividends Paid
Avg YoY	0.10%	-0.06%	-3.67%	-14.42%	-15.45%	-10.88%	-9.59%
Slope	0.10%	-0.12%	-2.20%	-6.87%	-9.95%	-9.74%	-7.96%
CAGR	-0.10%	0.06%	3.45%	11.95%	12.96%	5.96%	5.51%
LSR	-0.10%	0.12%	2.43%	9.13%	15.86%	14.12%	9.10%
Common Dividends Paid
Avg YoY	0.10%	-0.06%	-3.67%	-15.99%	-15.97%	-11.30%	-9.93%
Slope	0.10%	-0.12%	-2.20%	-7.06%	-10.10%	-9.82%	-8.00%
CAGR	-0.10%	0.06%	3.45%	13.04%	12.96%	5.97%	5.51%
LSR	-0.10%	0.12%	2.43%	9.66%	16.18%	14.20%	9.10%
Preferred Dividends Paid
Avg YoY	—	—	—	—	100.00%	100.00%	100.00%
Slope	—	—	—	—	16.54%	5.77%	0.67%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Financing Activities
Avg YoY	1.90%	-1.83%	-4,307.88%	-2,757.94%	-1,954.16%	-1,565.32%	-1,296.15%
Slope	18.52%	-0.17%	-26.88%	-284.38%	-421.84%	-266.00%	-73.44%
CAGR	-22.10%	-9.34%	—	—	—	—	—
LSR	-22.10%	-3.01%	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-192.77%	-116.36%	-0.18%	12.94%	-88.74%	-165.10%	-128.99%
Slope	-192.01%	-374.32%	-35.44%	20.64%	101.89%	31.26%	18.53%
CAGR	—	—	—	—	8.40%	—	7.37%
LSR	—	—	—	—	—	—	—
Effect of FX on Cash
Avg YoY	-740.68%	-407.96%	-139.40%	-829.51%	-661.25%	-501.15%	-471.75%
Slope	-15.21%	-128.53%	-194.20%	-10.83%	-10.47%	-4.52%	-2.98%
CAGR	11.08%	—	-3.07%	14.72%	15.02%	2.63%	—
LSR	11.08%	—	—	—	—	—	—
Net Change in Cash
Avg YoY	-90.26%	-72.35%	122.37%	99.54%	84.52%	84.28%	95.29%
Slope	-297.39%	-288.99%	-485.68%	-158.81%	-57.89%	-36.49%	-18.11%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	0.86%	58.04%	49.63%	35.96%	32.99%	24.32%	25.83%
Slope	-2.22%	-31.62%	10.93%	11.22%	11.71%	10.52%	9.35%
CAGR	-2.40%	-14.63%	5.62%	5.55%	8.12%	2.31%	4.27%
LSR	-2.40%	-26.24%	12.97%	10.15%	12.57%	10.94%	9.08%
Cash at End of Period
Avg YoY	-23.31%	-26.53%	50.17%	33.21%	33.50%	25.10%	27.78%
Slope	-26.35%	-59.12%	3.57%	8.19%	9.85%	9.76%	8.66%
CAGR	-23.31%	-43.88%	6.50%	2.64%	8.60%	3.08%	7.44%
LSR	-23.31%	-37.25%	5.63%	7.41%	10.88%	10.98%	8.97%
Operating Cash Flow
Avg YoY	32.22%	15.36%	21.87%	20.22%	15.52%	13.24%	14.47%
Slope	26.00%	4.53%	6.42%	7.29%	6.72%	6.64%	6.14%
CAGR	31.42%	8.31%	6.26%	10.01%	7.78%	7.00%	8.34%
LSR	31.42%	4.69%	6.17%	7.52%	6.74%	6.88%	6.34%
Capital Expenditure
Avg YoY	9.90%	-6.07%	-16.07%	-15.15%	-28.62%	-22.17%	-65.50%
Slope	10.38%	-5.62%	-13.47%	-14.96%	-13.15%	-12.40%	-8.85%
CAGR	-10.08%	4.53%	14.52%	12.48%	19.91%	11.94%	10.86%
LSR	-10.08%	6.19%	17.13%	19.36%	16.73%	16.80%	11.20%
Free Cash Flow
Avg YoY	171.66%	80.64%	95.43%	68.57%	49.75%	40.78%	38.10%
Slope	69.40%	3.53%	0.87%	2.56%	3.22%	3.81%	4.72%
CAGR	146.02%	11.09%	3.14%	8.80%	5.33%	5.46%	7.35%
LSR	146.02%	3.25%	—	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	3.97%	13.01%	36.17%	26.36%	21.20%	17.43%	16.55%
Slope	3.82%	8.78%	9.42%	8.06%	7.31%	6.81%	6.23%
CAGR	3.83%	12.04%	8.64%	8.59%	7.97%	6.91%	7.61%
LSR	3.83%	9.94%	9.70%	7.56%	6.92%	6.55%	6.08%
(-) Tax Adjustment
Avg YoY	5.44%	15.08%	111.48%	74.05%	56.42%	45.30%	39.63%
Slope	4.71%	11.35%	8.11%	4.40%	4.45%	4.50%	4.35%
CAGR	4.64%	14.23%	5.84%	6.03%	6.09%	5.43%	6.38%
LSR	4.64%	12.67%	8.92%	2.61%	3.03%	3.50%	3.71%
Change In Working Capital
Avg YoY	122.18%	-548.37%	701.97%	500.76%	417.33%	321.43%	262.31%
Slope	150.22%	-5.71%	-359.42%	-69.39%	-34.37%	-3.07%	-1.12%
CAGR	—	-18.58%	-18.91%	—	—	—	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	9.90%	-6.07%	-16.07%	-15.15%	-28.62%	-22.17%	-65.50%
Slope	10.38%	-5.62%	-13.47%	-14.96%	-13.15%	-12.40%	-8.85%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-10.34%	23.58%	22.53%	14.90%	12.58%	10.26%	24.27%
Slope	-15.46%	8.82%	11.78%	7.99%	7.00%	5.97%	6.10%
CAGR	-13.35%	16.38%	11.33%	7.23%	6.59%	5.39%	6.09%
LSR	-13.35%	11.98%	—	—	—	—	—
Net Interest After Taxes
Avg YoY	-12.87%	-12.74%	-16.96%	-12.70%	-10.96%	-10.96%	-10.96%
Slope	-9.65%	-13.32%	-13.09%	-12.26%	-11.57%	-12.21%	-11.81%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	-458.22%	-242.81%	44.00%	666.80%	554.92%	409.06%	448.63%
Slope	-633.00%	-133.96%	-13.60%	4.16%	7.57%	12.09%	7.99%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-44.16%	-15.38%	141.23%	102.05%	85.17%	99.93%	86.31%
Slope	-56.18%	-19.39%	5.12%	7.43%	7.49%	7.61%	6.89%
CAGR	-44.24%	-20.67%	16.70%	5.28%	4.98%	2.46%	3.74%
LSR	-44.24%	-21.87%	11.25%	8.97%	8.12%	8.97%	7.21%