AGCO Corporation (AGCO)

Analysis: Growth Rates Industry: Agricultural - Machinery Sector: Industrials Live Price: $111.35

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	-17.73%	-0.85%	10.85%	6.72%	17.32%	15.61%	13.03%
Slope	-19.18%	-1.21%	9.78%	7.99%	7.50%	7.73%	6.89%
CAGR	-17.90%	-2.42%	8.36%	4.47%	9.53%	8.88%	4.62%
LSR	-17.90%	-1.49%	11.19%	8.14%	8.43%	9.06%	7.63%
Market Capitalization
Avg YoY	-17.61%	-0.67%	10.86%	6.96%	17.07%	15.36%	13.59%
Slope	-19.04%	-1.04%	9.83%	8.14%	7.67%	7.86%	7.06%
CAGR	-17.79%	-2.25%	8.36%	4.75%	9.54%	8.91%	5.27%
LSR	-17.79%	-1.31%	11.23%	8.33%	8.60%	9.19%	7.84%
(-) Cash & Equivalents
Avg YoY	-10.66%	-12.96%	14.65%	9.61%	14.71%	31.04%	24.31%
Slope	-13.06%	-15.78%	8.60%	2.74%	3.60%	6.05%	7.15%
CAGR	-11.73%	-13.60%	5.88%	0.66%	6.60%	16.21%	10.09%
LSR	-11.73%	-14.39%	10.03%	2.50%	3.73%	11.08%	13.07%
(+) Total Debt
Avg YoY	39.29%	17.60%	14.47%	16.36%	11.02%	8.94%	6.20%
Slope	30.46%	11.05%	6.01%	6.94%	7.20%	5.62%	3.58%
CAGR	32.47%	12.69%	11.34%	12.17%	7.53%	5.82%	2.77%
LSR	32.47%	9.49%	5.68%	7.49%	7.83%	5.50%	3.19%
Enterprise Value
Avg YoY	-9.33%	3.35%	10.98%	8.00%	14.42%	12.05%	8.57%
Slope	-9.81%	2.51%	9.11%	8.37%	7.96%	7.51%	6.20%
CAGR	-9.33%	2.55%	9.38%	6.79%	9.09%	7.54%	4.17%
LSR	-9.33%	2.72%	10.25%	8.81%	8.87%	8.15%	6.12%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Revenue
Avg YoY	-2.58%	7.54%	5.77%	4.85%	5.23%	8.21%	7.42%
Slope	-3.83%	7.03%	6.87%	3.12%	3.55%	4.92%	5.30%
CAGR	-3.99%	6.25%	5.08%	3.82%	4.09%	6.93%	6.05%
LSR	-3.99%	7.71%	7.09%	3.05%	3.68%	6.05%	6.44%
Cost of Revenue
Avg YoY	-3.65%	6.40%	5.06%	4.11%	4.43%	7.70%	7.38%
Slope	-4.52%	5.96%	6.07%	2.62%	3.01%	4.51%	5.02%
CAGR	-4.64%	5.35%	4.47%	3.23%	3.42%	6.47%	6.08%
LSR	-4.64%	6.50%	6.26%	2.57%	3.11%	5.59%	6.20%
Gross Profit
Avg YoY	1.29%	11.59%	8.39%	7.81%	8.80%	10.48%	8.07%
Slope	-1.74%	10.46%	9.62%	4.91%	5.61%	6.53%	6.39%
CAGR	-1.89%	9.32%	7.21%	6.09%	6.94%	8.79%	5.95%
LSR	-1.89%	11.76%	10.02%	4.79%	6.02%	7.96%	7.46%
Gross Margin
Avg YoY	2.54%	3.07%	2.13%	2.29%	2.91%	1.94%	0.27%
Slope	2.11%	3.67%	2.74%	1.70%	2.19%	1.79%	0.95%
CAGR	2.19%	2.89%	2.03%	2.18%	2.74%	1.74%	-0.09%
LSR	2.19%	3.76%	2.73%	1.68%	2.26%	1.80%	0.96%
R&D Expenses
Avg YoY	6.69%	10.32%	6.86%	6.63%	8.48%	8.48%	8.48%
Slope	4.93%	9.93%	6.99%	4.61%	6.70%	9.09%	9.65%
CAGR	5.35%	9.53%	6.39%	5.95%	—	—	—
LSR	5.35%	10.85%	7.11%	4.62%	—	—	—
SG&A Expenses
Avg YoY	8.39%	8.30%	5.77%	5.63%	5.84%	7.57%	7.13%
Slope	6.91%	8.84%	5.57%	3.32%	4.24%	5.12%	5.40%
CAGR	7.50%	7.85%	5.45%	5.02%	5.24%	6.95%	6.39%
LSR	7.50%	9.35%	5.64%	3.35%	4.56%	6.01%	6.37%
Operating Expenses
Avg YoY	7.92%	8.79%	6.03%	5.87%	7.65%	8.40%	7.80%
Slope	6.37%	9.13%	5.94%	3.65%	4.84%	5.96%	6.19%
CAGR	6.92%	8.28%	5.69%	5.26%	6.95%	7.76%	6.99%
LSR	6.92%	9.74%	6.02%	3.67%	5.41%	7.36%	7.60%
Operating Income (EBIT)
Avg YoY	-6.21%	19.52%	15.69%	14.31%	14.29%	19.32%	13.62%
Slope	-12.81%	12.40%	16.55%	7.30%	7.09%	7.80%	6.86%
CAGR	-14.01%	11.46%	10.87%	8.02%	6.91%	11.90%	4.54%
LSR	-14.01%	15.09%	18.85%	6.77%	7.04%	9.72%	7.78%
Operating Margin
Avg YoY	-7.59%	7.78%	7.57%	6.41%	5.66%	7.61%	2.80%
Slope	-10.05%	6.24%	10.26%	3.88%	3.45%	3.45%	0.84%
CAGR	-10.44%	4.90%	5.51%	4.05%	2.71%	4.65%	-1.42%
LSR	-10.44%	6.85%	10.97%	3.61%	3.25%	3.46%	1.25%
Interest Income
Avg YoY	48.91%	65.79%	23.58%	13.05%	14.69%	14.18%	14.18%
Slope	30.55%	41.20%	22.63%	7.09%	3.51%	6.36%	7.75%
CAGR	41.74%	60.87%	15.10%	5.65%	7.77%	—	—
LSR	41.74%	65.48%	20.89%	3.39%	0.91%	—	—
Interest Expense
Avg YoY	91.06%	66.31%	21.34%	14.20%	9.07%	10.67%	10.67%
Slope	62.23%	48.23%	8.04%	0.88%	-0.46%	1.50%	4.38%
CAGR	86.50%	59.21%	10.79%	6.76%	2.73%	—	—
LSR	86.50%	60.27%	3.55%	-1.58%	-1.92%	—	—
Net Interest Income
Avg YoY	936.17%	477.76%	204.04%	136.06%	98.03%	86.33%	86.33%
Slope	-108.76%	-58.38%	2.78%	3.06%	2.82%	0.89%	-2.72%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Income / Expense
Avg YoY	219.45%	455.00%	205.93%	160.45%	119.59%	98.61%	82.53%
Slope	-99.16%	-78.66%	-29.21%	-19.42%	-11.12%	-7.74%	-6.62%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unusual Items
Avg YoY	219.45%	455.00%	205.93%	160.45%	119.59%	98.61%	82.53%
Slope	99.16%	78.66%	29.21%	19.42%	11.12%	7.74%	6.62%
CAGR	198.81%	144.80%	35.55%	29.19%	11.91%	12.87%	10.80%
LSR	198.81%	189.55%	15.44%	12.15%	4.67%	2.20%	2.21%
EBT excl. Unusual
Avg YoY	-133.87%	-47.65%	77.12%	53.21%	-103.99%	-94.94%	-66.54%
Slope	-1,883.78%	-132.68%	-12.43%	-8.77%	0.38%	6.33%	6.55%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Pre-Tax Income
Avg YoY	-53.98%	-6.43%	8.49%	9.15%	218.41%	183.76%	143.84%
Slope	-106.95%	-21.00%	8.87%	1.97%	4.66%	6.96%	6.59%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Pre-Tax Margin
Avg YoY	-64.55%	-22.61%	-1.65%	-0.10%	165.55%	135.40%	102.00%
Slope	-120.46%	-30.70%	2.21%	-1.37%	1.64%	4.24%	1.69%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Income Tax Expense
Avg YoY	-39.81%	12.94%	19.30%	39.75%	32.82%	240.69%	192.49%
Slope	-47.54%	-3.07%	8.08%	3.90%	3.14%	5.04%	5.08%
CAGR	-42.40%	-14.91%	3.45%	-0.42%	-2.23%	—	1.39%
LSR	-42.40%	-5.23%	8.27%	5.64%	3.44%	—	—
Net Income
Avg YoY	-52.29%	1.15%	24.37%	22.95%	-21.54%	-20.49%	-26.68%
Slope	-120.50%	-24.14%	9.90%	1.65%	5.49%	7.75%	7.10%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Margin
Avg YoY	-64.61%	-17.35%	12.61%	11.91%	-27.02%	-27.40%	-34.04%
Slope	-139.03%	-34.13%	3.16%	-1.93%	2.88%	5.69%	2.31%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Depreciation & Amortization
Avg YoY	11.08%	5.36%	2.93%	6.07%	6.57%	7.98%	9.47%
Slope	10.55%	4.39%	1.44%	3.06%	4.72%	5.83%	5.96%
CAGR	11.00%	5.13%	2.76%	5.63%	6.20%	6.72%	8.02%
LSR	11.00%	4.31%	1.38%	3.48%	5.51%	7.32%	7.35%
EBITDA
Avg YoY	-4.08%	14.45%	10.68%	10.77%	10.75%	14.29%	10.23%
Slope	-8.59%	10.78%	12.56%	6.19%	6.47%	7.27%	6.62%
CAGR	-9.29%	9.67%	8.16%	7.34%	6.72%	9.91%	5.15%
LSR	-9.29%	12.57%	13.41%	5.98%	6.75%	9.03%	7.52%
EBITDA Margin
Avg YoY	-4.21%	4.32%	3.60%	4.15%	3.53%	3.99%	0.74%
Slope	-5.35%	4.27%	5.80%	2.90%	2.97%	2.79%	0.84%
CAGR	-5.52%	3.22%	2.94%	3.38%	2.53%	2.79%	-0.84%
LSR	-5.52%	4.51%	5.90%	2.85%	2.97%	2.81%	1.01%
NOPAT
Avg YoY	-6.21%	19.52%	15.69%	14.31%	14.29%	19.32%	13.62%
Slope	-12.81%	12.40%	16.55%	7.30%	7.09%	7.80%	6.86%
CAGR	-14.01%	11.46%	10.87%	8.02%	6.91%	11.90%	4.54%
LSR	-14.01%	15.09%	18.85%	6.77%	7.04%	9.72%	7.78%
NOPAT Margin
Avg YoY	-7.59%	7.78%	7.57%	6.41%	5.66%	7.61%	2.80%
Slope	-10.05%	6.24%	10.26%	3.88%	3.45%	3.45%	0.84%
CAGR	-10.44%	4.90%	5.51%	4.05%	2.71%	4.65%	-1.42%
LSR	-10.44%	6.85%	10.97%	3.61%	3.25%	3.46%	1.25%
Owner's Earnings
Avg YoY	-64.75%	-8.23%	19.48%	18.78%	-21.56%	6.74%	-6.63%
Slope	-153.72%	-35.05%	3.45%	1.39%	5.85%	7.70%	7.97%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	-78.30%	-26.99%	7.77%	8.91%	-26.68%	-3.68%	-13.87%
Slope	-181.94%	-45.39%	-3.47%	-1.84%	3.59%	5.47%	4.12%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EPS (Basic)
Avg YoY	-52.52%	1.10%	26.03%	23.90%	-20.72%	-22.53%	-29.31%
Slope	-120.73%	-24.10%	10.91%	4.16%	7.04%	8.71%	6.91%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
EPS (Diluted)
Avg YoY	-52.34%	1.32%	26.10%	24.29%	-19.56%	-22.91%	-29.15%
Slope	-120.69%	-24.01%	10.94%	4.33%	7.24%	8.89%	7.16%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Shares (Basic)
Avg YoY	0.00%	-0.13%	-1.67%	-1.51%	-0.97%	1.09%	1.85%
Slope	0.00%	-0.16%	-1.52%	-2.28%	-1.44%	-0.09%	0.91%
CAGR	0.00%	-0.13%	-1.69%	-1.55%	-1.01%	0.97%	1.68%
LSR	0.00%	-0.16%	-1.47%	-2.23%	-1.46%	-0.03%	1.09%
Shares (Diluted)
Avg YoY	-0.13%	-0.30%	-1.67%	-1.77%	-0.97%	1.16%	1.24%
Slope	-0.13%	-0.35%	-1.54%	-2.46%	-1.60%	-0.21%	0.76%
CAGR	-0.13%	-0.30%	-1.69%	-1.81%	-1.02%	0.94%	1.04%
LSR	-0.13%	-0.35%	-1.51%	-2.40%	-1.62%	-0.15%	0.90%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Grain Storage and Protein Production Systems
Avg YoY	-12.51%	-0.59%	9.22%	9.22%	9.22%
Slope	-13.36%	-1.21%	6.48%	6.48%	6.48%
CAGR	-12.96%	-1.69%	6.05%	6.05%	6.05%
LSR	-12.96%	-1.37%	7.84%	7.84%	7.84%
Replacement Part Sales
Avg YoY	4.28%	6.54%	7.09%	7.09%	7.09%
Slope	4.09%	5.61%	6.64%	6.64%	6.64%
CAGR	4.22%	6.36%	6.93%	6.93%	6.93%
LSR	4.22%	5.94%	7.09%	7.09%	7.09%
Tractors
Avg YoY	-0.71%	9.26%	6.81%	6.81%	6.81%
Slope	-2.24%	8.78%	8.33%	8.33%	8.33%
CAGR	-2.36%	7.89%	6.08%	6.08%	6.08%
LSR	-2.36%	9.73%	8.61%	8.61%	8.61%
Other Machinery Product Line
Avg YoY	26.87%	37.41%	29.74%	29.74%	29.74%
Slope	23.38%	24.03%	23.34%	23.34%	23.34%
CAGR	26.84%	34.09%	26.96%	26.96%	26.96%
LSR	26.84%	30.49%	28.27%	28.27%	28.27%
Operating Segments
Avg YoY	13.74%	4.08%	4.08%	4.08%	4.08%
Slope	12.82%	4.60%	4.60%	4.60%	4.60%
CAGR	13.74%	3.26%	3.26%	3.26%	3.26%
LSR	13.74%	4.55%	4.55%	4.55%	4.55%
Application Equipment Product Line
Avg YoY	11.74%	11.74%	11.74%	11.74%	11.74%
Slope	11.09%	11.09%	11.09%	11.09%	11.09%
CAGR	11.74%	11.74%	11.74%	11.74%	11.74%
LSR	—	—	—	—	—
Combines
Avg YoY	2.71%	2.71%	2.71%	2.71%	2.71%
Slope	2.65%	2.65%	2.65%	2.65%	2.65%
CAGR	2.70%	2.70%	2.70%	2.70%	2.70%
LSR	2.70%	2.70%	2.70%	2.70%	2.70%
Replacement Parts
Avg YoY	2.20%	2.20%	2.20%	2.20%	2.20%
Slope	2.17%	2.17%	2.17%	2.17%	2.17%
CAGR	2.19%	2.19%	2.19%	2.19%	2.19%
LSR	2.19%	2.19%	2.19%	2.19%	2.19%

Geographic Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
United States
Avg YoY	-4.13%	4.46%	4.46%	4.46%	4.46%
Slope	-6.04%	3.41%	3.41%	3.41%	3.41%
CAGR	-6.33%	2.20%	2.20%	2.20%	2.20%
LSR	-6.33%	3.52%	3.52%	3.52%	3.52%
Canada
Avg YoY	3.47%	6.79%	6.79%	6.79%	6.79%
Slope	-0.03%	6.27%	6.27%	6.27%	6.27%
CAGR	-0.03%	4.28%	4.28%	4.28%	4.28%
LSR	-0.03%	6.61%	6.61%	6.61%	6.61%
Germany
Avg YoY	12.38%	10.20%	10.20%	10.20%	10.20%
Slope	10.54%	10.42%	10.42%	10.42%	10.42%
CAGR	11.62%	9.66%	9.66%	9.66%	9.66%
LSR	11.62%	11.14%	11.14%	11.14%	11.14%
France
Avg YoY	7.65%	8.17%	8.17%	8.17%	8.17%
Slope	6.11%	8.31%	8.31%	8.31%	8.31%
CAGR	6.63%	7.48%	7.48%	7.48%	7.48%
LSR	6.63%	8.90%	8.90%	8.90%	8.90%
United Kingdom and Ireland
Avg YoY	-8.53%	-3.80%	-3.80%	-3.80%	-3.80%
Slope	-9.61%	-3.49%	-3.49%	-3.49%	-3.49%
CAGR	-9.67%	-4.83%	-4.83%	-4.83%	-4.83%
LSR	-9.67%	-3.81%	-3.81%	-3.81%	-3.81%
Finland and Scandinavia
Avg YoY	-3.46%	-1.85%	-1.85%	-1.85%	-1.85%
Slope	-3.54%	-1.72%	-1.72%	-1.72%	-1.72%
CAGR	-3.51%	-1.91%	-1.91%	-1.91%	-1.91%
LSR	-3.51%	-1.74%	-1.74%	-1.74%	-1.74%
Italy
Avg YoY	-3.40%	-3.40%	-3.40%	-3.40%	-3.40%
Slope	-4.03%	-4.03%	-4.03%	-4.03%	-4.03%
CAGR	-4.12%	-4.12%	-4.12%	-4.12%	-4.12%
LSR	-4.12%	-4.12%	-4.12%	-4.12%	-4.12%
Other Europe
Avg YoY	-2.97%	1.40%	7.23%	4.22%	4.22%
Slope	-3.81%	-1.62%	6.06%	5.47%	5.47%
CAGR	-3.93%	-0.58%	5.97%	3.08%	3.08%
LSR	-3.93%	-1.52%	6.95%	5.77%	5.77%
Brazil
Avg YoY	-20.84%	-20.84%	-20.84%	-20.84%	-20.84%
Slope	-25.65%	-25.65%	-25.65%	-25.65%	-25.65%
CAGR	-25.67%	-25.67%	-25.67%	-25.67%	-25.67%
LSR	-25.67%	-25.67%	-25.67%	-25.67%	-25.67%
Other South America
Avg YoY	-2.58%	-2.58%	-2.58%	-2.58%	-2.58%
Slope	-2.63%	-2.63%	-2.63%	-2.63%	-2.63%
CAGR	-2.62%	-2.62%	-2.62%	-2.62%	-2.62%
LSR	-2.62%	-2.62%	-2.62%	-2.62%	-2.62%
Middle East and Algeria
Avg YoY	49.69%	38.15%	25.33%	25.33%	25.33%
Slope	30.35%	30.19%	22.53%	22.53%	22.53%
CAGR	41.74%	33.82%	15.34%	15.34%	15.34%
LSR	41.74%	37.47%	24.19%	24.19%	24.19%
Africa
Avg YoY	-16.31%	33.11%	10.15%	10.15%	10.15%
Slope	-17.59%	7.75%	1.63%	1.63%	1.63%
CAGR	-16.72%	17.18%	-2.39%	-2.39%	-2.39%
LSR	-16.72%	13.03%	1.66%	1.66%	1.66%
Asia
Avg YoY	-17.01%	12.62%	15.12%	15.12%	15.12%
Slope	-18.57%	0.25%	7.41%	7.41%	7.41%
CAGR	-17.80%	4.12%	8.02%	8.02%	8.02%
LSR	-17.80%	1.50%	9.88%	9.88%	9.88%
Australia and New Zealand
Avg YoY	-6.57%	2.13%	7.60%	6.24%	6.24%
Slope	-7.08%	1.56%	7.68%	7.47%	7.47%
CAGR	-7.09%	1.34%	6.93%	5.62%	5.62%
LSR	-7.09%	1.64%	8.52%	8.00%	8.00%
Mexico, Central America and Caribbean
Avg YoY	-1.30%	13.32%	5.06%	3.19%	3.19%
Slope	-1.95%	11.61%	3.09%	2.96%	2.96%
CAGR	-2.02%	11.96%	3.62%	1.76%	1.76%
LSR	-2.02%	13.47%	2.98%	2.87%	2.87%
South America Segment
Avg YoY	-1.24%	2.10%	-5.00%	-5.00%	-5.00%
Slope	-2.09%	-1.29%	-7.29%	-7.29%	-7.29%
CAGR	-1.99%	1.26%	-6.76%	-6.76%	-6.76%
LSR	-1.99%	-1.24%	-6.33%	-6.33%	-6.33%
APA Segment
Avg YoY	-30.52%	55.01%	41.21%	41.21%	41.21%
Slope	-63.91%	4.95%	15.46%	15.46%	15.46%
CAGR	-43.73%	10.88%	10.63%	10.63%	10.63%
LSR	-43.73%	8.39%	18.30%	18.30%	18.30%
FINLAND AND SCANDINAVIA
Avg YoY	-5.58%	3.14%	2.27%	2.27%	2.27%
Slope	-5.72%	3.12%	2.89%	2.89%	2.89%
CAGR	-5.61%	2.73%	1.79%	1.79%	1.79%
LSR	-5.61%	3.31%	2.89%	2.89%	2.89%
UNITED KINGDOM AND IRELAND
Avg YoY	-2.11%	8.72%	5.83%	5.83%	5.83%
Slope	-2.22%	7.13%	6.77%	6.77%	6.77%
CAGR	-2.17%	8.15%	5.31%	5.31%	5.31%
LSR	-2.17%	7.89%	6.94%	6.94%	6.94%
North America Segment
Avg YoY	27.90%	13.22%	15.49%	15.49%	15.49%
Slope	21.20%	13.59%	9.61%	9.61%	9.61%
CAGR	25.66%	11.16%	12.69%	12.69%	12.69%
LSR	25.66%	14.00%	9.88%	9.88%	9.88%
EME Segment
Avg YoY	807.73%	535.25%	535.25%	535.25%	535.25%
Slope	126.37%	94.86%	94.86%	94.86%	94.86%
CAGR	312.18%	148.47%	148.47%	148.47%	148.47%
LSR	312.18%	126.62%	126.62%	126.62%	126.62%
CANADA
Avg YoY	18.17%	-1.00%	4.53%	4.53%	4.53%
Slope	15.47%	-3.03%	-1.49%	-1.49%	-1.49%
CAGR	17.49%	-3.22%	2.37%	2.37%	2.37%
LSR	17.49%	-2.68%	-1.42%	-1.42%	-1.42%
FRANCE
Avg YoY	7.83%	-1.97%	4.23%	4.23%	4.23%
Slope	7.56%	-2.26%	0.65%	0.65%	0.65%
CAGR	7.78%	-2.89%	3.22%	3.22%	3.22%
LSR	7.78%	-1.94%	0.75%	0.75%	0.75%
GERMANY
Avg YoY	9.03%	-0.43%	2.99%	2.99%	2.99%
Slope	8.65%	-2.96%	0.39%	0.39%	0.39%
CAGR	8.91%	-1.27%	2.25%	2.25%	2.25%
LSR	8.91%	-2.86%	0.39%	0.39%	0.39%
Middle East and Africa
Avg YoY	0.54%	0.54%	0.54%	0.54%	0.54%
Slope	0.54%	0.54%	0.54%	0.54%	0.54%
CAGR	0.54%	0.54%	0.54%	0.54%	0.54%
LSR	—	—	—	—	—
South America Less Central America and Caribbean
Avg YoY	9.16%	9.16%	9.16%	9.16%	9.16%
Slope	8.76%	8.76%	8.76%	8.76%	8.76%
CAGR	9.16%	9.16%	9.16%	9.16%	9.16%
LSR	—	—	—	—	—
UNITED STATES
Avg YoY	8.14%	8.14%	8.14%	8.14%	8.14%
Slope	7.82%	7.82%	7.82%	7.82%	7.82%
CAGR	8.14%	8.14%	8.14%	8.14%	8.14%
LSR	—	—	—	—	—

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Cash & Cash Equivalents
Avg YoY	-10.66%	-12.96%	14.65%	9.61%	14.71%	31.04%	24.31%
Slope	-13.06%	-15.78%	8.60%	2.74%	3.60%	6.05%	7.15%
CAGR	-11.73%	-13.60%	5.88%	0.66%	6.60%	16.21%	10.09%
LSR	-11.73%	-14.39%	10.03%	2.50%	3.73%	11.08%	13.07%
Cash & Short-Term Investments
Avg YoY	-10.66%	-12.96%	14.65%	9.61%	14.71%	31.04%	24.31%
Slope	-13.06%	-15.78%	8.60%	2.74%	3.60%	6.05%	7.15%
CAGR	-11.73%	-13.60%	5.88%	0.66%	6.60%	16.21%	10.09%
LSR	-11.73%	-14.39%	10.03%	2.50%	3.73%	11.08%	13.07%
Net Receivables
Avg YoY	5.30%	12.69%	7.86%	5.25%	5.41%	3.30%	1.05%
Slope	1.81%	12.40%	7.48%	5.18%	4.68%	3.67%	0.63%
CAGR	2.01%	10.64%	6.52%	4.29%	4.59%	2.19%	-0.14%
LSR	2.01%	13.90%	7.34%	4.86%	4.50%	3.45%	0.70%
Inventory
Avg YoY	-6.27%	10.74%	10.49%	8.88%	7.17%	6.92%	7.02%
Slope	-7.22%	8.78%	10.28%	8.17%	7.28%	6.65%	5.89%
CAGR	-7.34%	8.78%	9.36%	7.79%	6.17%	6.07%	6.12%
LSR	-7.34%	10.14%	11.29%	8.41%	7.37%	6.74%	5.82%
Other Current Assets
Avg YoY	2.48%	8.25%	14.99%	11.59%	11.80%	9.85%	9.93%
Slope	-1.02%	6.80%	10.17%	6.51%	7.05%	6.47%	6.38%
CAGR	-1.12%	5.78%	12.59%	7.14%	8.04%	6.50%	6.64%
LSR	-1.12%	7.32%	12.00%	6.89%	7.79%	6.81%	6.90%
Total Current Assets
Avg YoY	-4.14%	5.51%	9.09%	6.42%	6.64%	5.87%	4.23%
Slope	-5.11%	5.71%	9.38%	6.45%	6.04%	5.77%	4.52%
CAGR	-5.26%	4.45%	8.40%	5.53%	5.93%	5.11%	3.44%
LSR	-5.26%	6.12%	10.20%	6.38%	6.09%	5.93%	4.30%
Property, Plant & Equipment
Avg YoY	7.26%	5.17%	6.64%	8.08%	8.45%	7.49%	9.73%
Slope	6.10%	6.40%	6.28%	5.92%	6.79%	6.99%	6.45%
CAGR	6.56%	4.70%	6.21%	7.56%	7.98%	6.96%	8.28%
LSR	6.56%	6.58%	6.51%	6.32%	7.74%	8.08%	7.21%
Goodwill
Avg YoY	19.31%	9.99%	8.41%	11.89%	8.09%	7.71%	7.71%
Slope	17.27%	8.02%	3.30%	5.26%	6.27%	8.14%	8.99%
CAGR	18.00%	8.97%	7.42%	9.82%	6.26%	—	—
LSR	18.00%	7.66%	3.35%	6.00%	7.14%	—	—
Intangible Assets
Avg YoY	60.71%	25.32%	12.18%	26.92%	18.49%	12.82%	15.14%
Slope	39.15%	10.69%	-0.98%	1.93%	5.39%	2.90%	2.11%
CAGR	41.62%	12.80%	5.89%	12.92%	7.82%	3.00%	5.83%
LSR	41.62%	7.63%	-1.86%	2.76%	7.08%	3.29%	2.25%
Long-Term Investments
Avg YoY	9.48%	4.76%	5.27%	4.18%	5.73%	5.73%	5.73%
Slope	8.58%	5.79%	4.39%	4.17%	6.61%	9.03%	9.61%
CAGR	9.20%	4.40%	4.93%	3.80%	—	—	—
LSR	9.20%	5.86%	4.39%	4.22%	—	—	—
Tax Assets
Avg YoY	63.78%	70.46%	30.33%	70.51%	55.21%	47.06%	47.06%
Slope	39.37%	42.36%	23.84%	17.96%	12.78%	10.29%	10.48%
CAGR	56.90%	64.47%	23.11%	19.76%	11.64%	—	—
LSR	56.90%	65.47%	22.73%	20.10%	11.22%	—	—
Other Non-Current Assets
Avg YoY	27.45%	27.60%	17.24%	12.17%	10.27%	6.23%	4.74%
Slope	23.91%	18.85%	15.33%	11.32%	7.01%	1.88%	-1.11%
CAGR	27.44%	25.11%	15.71%	10.97%	4.69%	1.20%	-1.42%
LSR	27.44%	21.78%	15.99%	10.87%	6.74%	1.64%	-0.77%
Total Non-Current Assets
Avg YoY	17.93%	10.58%	8.08%	9.85%	8.47%	8.24%	7.28%
Slope	16.48%	10.32%	5.61%	5.80%	6.70%	6.78%	6.33%
CAGR	17.92%	10.32%	7.77%	9.07%	7.76%	7.44%	6.41%
LSR	17.92%	10.45%	5.58%	6.22%	7.55%	7.69%	6.89%
Total Assets
Avg YoY	5.64%	7.58%	8.27%	7.67%	7.18%	6.64%	5.23%
Slope	5.12%	7.89%	7.49%	6.13%	6.36%	6.25%	5.37%
CAGR	5.38%	7.42%	8.05%	7.23%	6.85%	6.21%	4.74%
LSR	5.38%	8.35%	7.86%	6.30%	6.79%	6.76%	5.42%
Accounts Payable
Avg YoY	-22.66%	2.61%	6.94%	5.25%	5.04%	6.12%	3.86%
Slope	-25.10%	0.72%	6.45%	5.10%	3.96%	4.61%	4.06%
CAGR	-23.29%	-0.96%	4.73%	3.12%	2.74%	4.16%	2.09%
LSR	-23.29%	0.47%	6.96%	5.09%	3.83%	4.96%	4.13%
Short-Term Debt
Avg YoY	1,291.53%	655.52%	311.33%	231.82%	10,886.63%	10,342.11%	9,844.87%
Slope	52.68%	2.00%	4.44%	2.92%	3.02%	6.70%	4.42%
CAGR	45.74%	3.96%	5.22%	4.88%	25.94%	—	-0.56%
LSR	45.74%	-13.95%	-2.94%	-0.42%	10.89%	—	—
Tax Payables
Avg YoY	-11.89%	3.15%	16.93%	8.82%	8.82%	8.82%	8.82%
Slope	-15.92%	3.55%	14.88%	14.13%	15.45%	14.69%	13.53%
CAGR	-16.55%	-0.73%	13.79%	—	—	—	—
LSR	-16.55%	3.07%	18.23%	—	—	—	—
Other Current Liabilities
Avg YoY	6.38%	6.80%	10.59%	9.27%	8.54%	7.40%	7.77%
Slope	4.20%	7.69%	9.96%	8.71%	8.07%	7.39%	6.45%
CAGR	4.58%	5.89%	10.00%	8.63%	8.00%	6.76%	6.97%
LSR	4.58%	8.06%	10.96%	9.18%	8.50%	7.71%	6.45%
Total Current Liabilities
Avg YoY	-2.71%	4.19%	8.78%	7.60%	7.85%	7.48%	4.77%
Slope	-3.08%	5.09%	8.93%	7.55%	6.76%	6.77%	5.81%
CAGR	-3.13%	3.59%	8.25%	7.01%	7.11%	6.76%	3.88%
LSR	-3.13%	5.36%	9.83%	7.84%	6.95%	7.33%	5.86%
Long-Term Debt
Avg YoY	32.66%	16.91%	16.52%	24.06%	17.58%	14.10%	11.76%
Slope	27.81%	12.24%	6.21%	7.52%	7.87%	5.47%	3.47%
CAGR	30.49%	14.65%	12.88%	14.77%	6.66%	5.11%	3.94%
LSR	30.49%	11.57%	6.45%	8.89%	9.26%	5.42%	3.03%
Capital Lease Obligations
Avg YoY	1.15%	0.91%	-2.01%	-2.01%	-2.01%	-2.01%	-2.01%
Slope	0.94%	2.10%	23.90%	23.96%	20.97%	18.22%	15.98%
CAGR	0.97%	0.62%	—	—	—	—	—
LSR	0.97%	2.14%	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	5.85%	3.10%	6.81%	7.46%	4.07%	4.07%	4.07%
Slope	5.56%	2.97%	3.16%	-1.70%	2.86%	6.64%	7.94%
CAGR	5.79%	3.00%	5.98%	3.19%	—	—	—
LSR	5.79%	2.99%	3.54%	-1.06%	—	—	—
Other Non-Current Liabilities
Avg YoY	15.62%	8.14%	10.27%	9.96%	8.95%	11.13%	10.84%
Slope	13.78%	8.32%	8.99%	7.85%	6.83%	6.17%	6.47%
CAGR	15.26%	7.72%	9.88%	9.12%	5.88%	7.90%	8.02%
LSR	15.26%	8.45%	9.47%	8.17%	7.12%	6.52%	7.50%
Total Non-Current Liabilities
Avg YoY	24.24%	12.54%	14.11%	16.87%	11.44%	9.85%	8.39%
Slope	21.76%	10.26%	7.40%	7.44%	7.57%	5.99%	4.67%
CAGR	23.75%	11.61%	12.18%	12.42%	6.87%	6.02%	4.91%
LSR	23.75%	9.99%	7.81%	8.29%	8.41%	5.99%	4.30%
Total Liabilities
Avg YoY	7.22%	7.05%	10.25%	9.88%	7.67%	7.09%	5.14%
Slope	6.92%	7.17%	8.29%	7.50%	7.09%	6.44%	5.32%
CAGR	7.21%	7.02%	9.94%	9.09%	6.99%	6.39%	4.33%
LSR	7.21%	7.44%	8.98%	7.97%	7.43%	6.65%	5.13%
Common Stock
Avg YoY	0.13%	-2.82%	0.35%	0.15%	-0.19%	-0.17%	-0.26%
Slope	0.13%	-2.43%	-0.42%	-0.23%	-0.01%	-0.20%	0.50%
CAGR	0.13%	-2.99%	0.22%	0.03%	-0.30%	-0.29%	—
LSR	0.13%	-2.30%	-0.42%	-0.24%	-0.02%	-0.20%	—
Retained Earnings
Avg YoY	0.74%	5.12%	5.92%	11.19%	12.31%	9.34%	10.47%
Slope	0.05%	5.67%	6.38%	8.56%	9.95%	9.63%	8.80%
CAGR	0.05%	4.67%	5.70%	10.78%	11.78%	8.60%	9.66%
LSR	0.05%	5.98%	6.63%	10.20%	13.22%	12.11%	10.32%
Accumulated OCI
Avg YoY	3.22%	1.75%	5.02%	30.67%	-25.24%	-20.35%	-147.35%
Slope	-2.90%	-1.03%	-4.73%	-11.40%	-12.28%	-9.95%	-9.55%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Minority Interest
Avg YoY	150,376.74%	75,156.88%	33,404.25%	21,785.97%	19,059.52%	19,059.52%	19,059.52%
Slope	149.75%	68.09%	14.98%	13.18%	14.47%	14.06%	13.10%
CAGR	3,778.81%	68.14%	25.59%	55.52%	—	—	—
LSR	3,778.81%	-13.62%	-29.19%	-4.83%	—	—	—
Total Shareholders’ Equity
Avg YoY	0.72%	7.77%	6.85%	8.80%	13.74%	14.36%	13.69%
Slope	-1.22%	7.92%	7.21%	7.31%	8.96%	9.49%	8.48%
CAGR	-1.30%	6.46%	6.21%	8.18%	12.07%	9.19%	8.74%
LSR	-1.30%	8.56%	7.42%	7.99%	11.71%	13.48%	10.38%
Total Equity
Avg YoY	3.95%	9.02%	7.36%	9.26%	14.07%	14.63%	13.91%
Slope	2.40%	9.08%	7.36%	7.42%	9.06%	9.56%	8.55%
CAGR	2.58%	8.18%	6.92%	8.77%	12.53%	9.54%	9.03%
LSR	2.58%	9.88%	7.57%	8.12%	11.87%	13.62%	10.49%
Total Liabilities & Equity
Avg YoY	5.75%	7.59%	8.99%	9.45%	8.78%	7.83%	6.07%
Slope	5.21%	7.89%	7.94%	7.47%	7.80%	7.52%	6.40%
CAGR	5.48%	7.43%	8.76%	8.97%	8.40%	7.27%	5.41%
LSR	5.48%	8.35%	8.44%	8.00%	8.69%	8.37%	6.52%
Tangible Assets
Avg YoY	2.31%	7.32%	8.80%	6.96%	7.27%	6.20%	4.53%
Slope	1.32%	7.71%	8.96%	6.62%	6.45%	6.19%	5.07%
CAGR	1.39%	6.72%	8.40%	6.48%	6.90%	5.72%	3.98%
LSR	1.39%	8.28%	9.52%	6.63%	6.69%	6.50%	4.93%
Tangible Equity
Avg YoY	-5.99%	14.15%	11.34%	44.09%	31.38%	23.76%	18.82%
Slope	-15.25%	9.49%	14.23%	11.90%	13.98%	15.22%	12.17%
CAGR	-17.06%	5.40%	6.85%	6.45%	—	12.14%	7.39%
LSR	-17.06%	10.12%	15.31%	15.53%	—	—	—
Tangible Book Value
Avg YoY	-5.99%	14.15%	11.34%	44.09%	31.38%	23.76%	18.82%
Slope	-15.25%	9.49%	14.23%	11.90%	13.98%	15.22%	12.17%
CAGR	-17.06%	5.40%	6.85%	6.45%	—	12.14%	7.39%
LSR	-17.06%	10.12%	15.31%	15.53%	—	—	—
Total Investments
Avg YoY	9.48%	4.76%	5.27%	4.18%	5.73%	5.73%	5.73%
Slope	8.58%	5.79%	4.39%	4.17%	6.61%	9.03%	9.61%
CAGR	9.20%	4.40%	4.93%	3.80%	—	—	—
LSR	9.20%	5.86%	4.39%	4.22%	—	—	—
Net Debt
Avg YoY	74.77%	43.95%	21.54%	-2,732.32%	-2,027.72%	-1,606.33%	-1,330.43%
Slope	52.73%	31.33%	4.57%	9.91%	10.07%	5.33%	1.70%
CAGR	64.82%	36.51%	13.54%	—	7.83%	4.83%	2.00%
LSR	64.82%	31.45%	2.93%	—	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Working Capital
Avg YoY	-6.59%	12.18%	12.55%	6.06%	6.99%	5.37%	5.51%
Slope	-10.15%	7.28%	10.57%	3.87%	4.38%	3.63%	2.02%
CAGR	-10.74%	7.20%	8.85%	2.44%	3.52%	2.33%	2.42%
LSR	-10.74%	8.48%	11.26%	3.35%	4.29%	3.38%	1.77%
Total Capital
Avg YoY	9.39%	8.76%	7.38%	7.15%	7.21%	6.33%	4.79%
Slope	8.81%	8.83%	6.29%	5.09%	5.94%	5.89%	4.83%
CAGR	9.33%	8.72%	7.19%	6.74%	6.81%	5.76%	4.06%
LSR	9.33%	9.25%	6.38%	5.18%	6.52%	6.43%	4.86%
Capital Employed
Avg YoY	10.99%	9.85%	8.29%	8.03%	7.28%	6.60%	5.98%
Slope	10.03%	9.59%	6.67%	5.35%	6.14%	5.98%	5.13%
CAGR	10.79%	9.73%	7.95%	7.34%	6.72%	5.96%	5.28%
LSR	10.79%	10.13%	6.82%	5.48%	6.73%	6.47%	5.22%
Invested Capital
Avg YoY	12.68%	13.54%	7.75%	8.43%	7.39%	6.01%	4.58%
Slope	11.50%	12.92%	5.97%	5.44%	6.32%	5.87%	4.52%
CAGR	12.48%	13.43%	7.33%	7.82%	6.83%	5.36%	3.78%
LSR	12.48%	14.06%	5.88%	5.62%	6.97%	6.22%	4.38%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Net Income
Avg YoY	-53.82%	1.22%	25.97%	24.22%	28.68%	30.81%	24.28%
Slope	-130.99%	-26.62%	10.21%	3.96%	6.97%	8.71%	6.99%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Depreciation & Amortization
Avg YoY	11.24%	5.66%	4.69%	7.92%	7.57%	6.61%	7.94%
Slope	10.69%	4.74%	2.91%	5.23%	6.27%	6.47%	5.84%
CAGR	11.15%	5.44%	4.52%	7.57%	7.29%	5.73%	6.90%
LSR	11.15%	4.67%	2.93%	6.03%	7.25%	7.48%	6.39%
Deferred Income Tax
Avg YoY	-147.40%	-951.90%	-484.32%	-681.39%	-516.70%	-366.84%	-308.29%
Slope	-15.86%	-33.46%	-33.13%	-18.72%	-25.21%	-18.24%	-19.31%
CAGR	33.25%	—	18.10%	—	—	3.31%	—
LSR	33.25%	—	—	—	—	—	—
Stock-Based Compensation
Avg YoY	-11.88%	-6.39%	17.18%	26.15%	137.94%	110.94%	110.94%
Slope	-23.60%	-5.61%	4.30%	6.71%	7.30%	7.91%	8.83%
CAGR	-26.34%	-16.11%	6.47%	4.17%	28.17%	—	—
LSR	-26.34%	-8.31%	6.60%	—	—	—	—
Change in Working Capital
Avg YoY	93.92%	-27.30%	-0.48%	-11.31%	77.22%	-265.61%	-230.81%
Slope	128.68%	0.55%	-29.15%	-15.60%	-28.65%	-61.51%	-18.85%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Receivable
Avg YoY	34.18%	-27.45%	-25.81%	-78.40%	-126.98%	-111.35%	-111.35%
Slope	79.35%	3.02%	21.87%	10.55%	3.05%	0.58%	-2.94%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Inventory
Avg YoY	181.87%	-90.27%	-94.72%	-75.44%	-230.56%	-210.14%	-164.56%
Slope	280.44%	41.94%	-10.15%	-6.94%	-10.76%	-10.72%	-9.23%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Accounts Payable
Avg YoY	-88.59%	107.00%	52.94%	17.65%	29.69%	26.38%	26.38%
Slope	-864.62%	-300.47%	-37.55%	-11.39%	-4.16%	0.70%	3.82%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Working Capital
Avg YoY	-12.53%	8.90%	1.96%	960.43%	787.11%	638.91%	533.03%
Slope	-76.06%	-7.62%	-15.99%	-8.72%	-2.13%	-0.32%	3.33%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Non-Cash Items
Avg YoY	1,639.24%	859.75%	506.59%	283.36%	219.89%	177.66%	156.01%
Slope	150.49%	100.20%	41.63%	32.55%	24.22%	19.07%	16.96%
CAGR	788.77%	—	—	51.36%	—	30.53%	17.69%
LSR	—	—	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	-2.84%	-1.39%	9.41%	10.33%	12.39%	13.87%	83.94%
Slope	-8.34%	0.41%	8.58%	5.88%	6.21%	6.70%	6.40%
CAGR	-9.16%	-6.06%	4.87%	5.19%	6.65%	4.91%	7.25%
LSR	-9.16%	-0.10%	9.62%	5.96%	6.66%	8.03%	8.38%
Capital Expenditures (PPE)
Avg YoY	-4.77%	-13.71%	-11.07%	-11.44%	-11.52%	-11.17%	-28.49%
Slope	-0.70%	-13.76%	-11.63%	-5.86%	-6.17%	-6.94%	-4.89%
CAGR	0.78%	10.20%	8.99%	8.26%	7.94%	6.61%	6.62%
LSR	0.78%	15.49%	12.05%	5.66%	6.56%	8.27%	6.07%
Acquisitions (Net)
Avg YoY	-6,364.67%	-3,297.10%	-1,490.80%	-1,261.36%	-1,174.63%	-994.35%	-994.35%
Slope	-125.67%	-92.23%	-23.15%	-6.71%	-11.03%	-5.75%	-7.33%
CAGR	243.52%	—	54.59%	34.61%	—	—	—
LSR	243.52%	—	—	—	—	—	—
Purchases of Investments
Avg YoY	—	77.52%	-175.75%	-136.70%	-261.19%	-248.79%	-248.79%
Slope	—	84.49%	1.42%	1.80%	6.97%	-1.97%	-4.71%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Sales / Maturities of Investments
Avg YoY	-99.62%	-63.30%	120.58%	86.13%	71.36%	57.08%	57.08%
Slope	-193.34%	-206.91%	-18.42%	12.29%	9.84%	10.09%	10.34%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Other Investing Activities
Avg YoY	186.12%	-66.23%	149.50%	109.05%	15.25%	92.91%	77.92%
Slope	1,561.73%	393.52%	-1.41%	50.00%	6.45%	-19.65%	19.58%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-106.54%	-75.76%	-46.81%	-51.39%	-44.42%	-74.35%	-67.31%
Slope	-64.40%	-47.29%	-16.64%	-5.75%	-7.74%	-6.48%	-4.61%
CAGR	82.51%	62.14%	25.98%	15.80%	17.03%	13.03%	6.85%
LSR	82.51%	55.87%	13.12%	4.24%	8.12%	7.24%	4.91%
Net Debt Issuance
Avg YoY	335.11%	386.35%	205.05%	199.15%	139.41%	139.11%	111.72%
Slope	157.42%	81.61%	30.69%	20.53%	33.78%	19.93%	8.77%
CAGR	543.37%	74.12%	27.19%	—	—	—	7.78%
LSR	—	—	—	—	—	—	—
Long-Term Debt Issuance
Avg YoY	335.11%	386.35%	205.05%	199.15%	139.41%	139.12%	111.72%
Slope	157.42%	81.61%	30.69%	20.53%	33.77%	19.93%	8.77%
CAGR	543.37%	74.12%	27.19%	—	—	—	7.78%
LSR	—	—	—	—	—	—	—
Short-Term Debt Issuance
Avg YoY	—	—	—	—	100.00%	100.00%	100.00%
Slope	—	—	—	—	16.54%	5.77%	0.67%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Stock Issuance
Avg YoY	-49.45%	-39.86%	-282.83%	-4,358.55%	-3,365.23%	-2,149.23%	-1,543.55%
Slope	-2.29%	25.63%	18.44%	0.92%	-7.37%	-15.09%	-15.69%
CAGR	3.48%	-20.23%	-23.55%	—	—	—	7.50%
LSR	3.48%	-23.91%	-14.93%	—	—	—	—
Common Stock Issuance
Avg YoY	—	—	—	-70.52%	50.75%	1,040.58%	1,260.64%
Slope	—	—	—	-35.51%	-24.11%	-15.40%	-11.01%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-49.45%	-39.86%	-282.83%	-4,586.81%	-4,586.81%	-4,226.29%	-3,649.45%
Slope	-2.29%	25.63%	18.44%	0.93%	-6.99%	-8.98%	-7.78%
CAGR	3.48%	-20.23%	-23.55%	—	—	—	5.66%
LSR	3.48%	-23.91%	-14.93%	—	—	—	—
Net Dividends Paid
Avg YoY	13.50%	-158.22%	-73.47%	-62.11%	-62.11%	-38.51%	-29.99%
Slope	17.23%	-18.05%	-27.13%	-23.88%	-20.93%	-18.10%	-15.70%
CAGR	-17.70%	54.91%	25.24%	—	—	20.47%	—
LSR	-17.70%	45.58%	37.97%	—	—	—	—
Common Dividends Paid
Avg YoY	13.50%	-158.22%	-73.47%	-62.11%	-62.11%	-38.51%	-29.99%
Slope	17.23%	-18.05%	-27.13%	-23.88%	-20.93%	-18.10%	-15.70%
CAGR	-17.70%	54.91%	25.24%	—	—	20.47%	—
LSR	-17.70%	45.58%	37.97%	—	—	—	—
Other Financing Activities
Avg YoY	-41.09%	-22.94%	-176.61%	-151.86%	-131.50%	-105.31%	-87.83%
Slope	-14.40%	5.14%	-18.39%	-11.42%	-12.49%	-8.24%	-7.20%
CAGR	20.04%	-2.50%	16.71%	6.70%	—	—	—
LSR	20.04%	-4.43%	—	—	—	—	—
Net Cash from Financing Activities
Avg YoY	95.51%	-564.68%	-241.90%	-145.22%	-115.88%	-54.09%	-53.63%
Slope	7,180.56%	176.64%	14.21%	-4.49%	-2.67%	-12.47%	-26.68%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Effect of FX on Cash
Avg YoY	-59.85%	-220.47%	24.66%	-40.17%	-65.51%	15.60%	-42.04%
Slope	-28.06%	-36.54%	-22.10%	-17.88%	-13.93%	-14.75%	-13.08%
CAGR	41.40%	—	1.86%	—	7.48%	16.81%	—
LSR	41.40%	—	—	—	—	—	—
Net Change in Cash
Avg YoY	7.06%	-15.78%	-156.70%	-17.39%	7.35%	91.42%	94.95%
Slope	63.42%	-366.95%	-48.22%	-207.40%	-22.27%	-12.98%	-5.87%
CAGR	—	-60.09%	-11.94%	—	—	—	6.41%
LSR	—	—	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-17.79%	25.74%	15.97%	9.89%	12.42%	28.55%	24.24%
Slope	-19.25%	0.25%	11.06%	2.86%	4.28%	7.02%	7.81%
CAGR	-18.05%	8.63%	7.45%	1.19%	4.29%	14.21%	10.28%
LSR	-18.05%	3.29%	11.87%	2.23%	4.38%	13.47%	14.14%
Cash at End of Period
Avg YoY	-10.70%	-13.08%	14.69%	9.63%	14.73%	31.06%	24.32%
Slope	-13.14%	-15.96%	8.62%	2.78%	3.62%	6.07%	7.16%
CAGR	-11.79%	-13.72%	5.89%	0.67%	6.61%	16.21%	10.09%
LSR	-11.79%	-14.54%	10.07%	2.54%	3.75%	11.10%	13.09%
Operating Cash Flow
Avg YoY	-2.84%	-1.39%	9.41%	10.33%	12.39%	13.87%	83.94%
Slope	-8.34%	0.41%	8.58%	5.88%	6.21%	6.70%	6.40%
CAGR	-9.16%	-6.06%	4.87%	5.19%	6.65%	4.91%	7.25%
LSR	-9.16%	-0.10%	9.62%	5.96%	6.66%	8.03%	8.38%
Capital Expenditure
Avg YoY	-4.77%	-13.71%	-11.07%	-11.44%	-11.52%	-11.17%	-28.49%
Slope	-0.70%	-13.76%	-11.63%	-5.86%	-6.17%	-6.94%	-4.89%
CAGR	0.78%	10.20%	8.99%	8.26%	7.94%	6.61%	6.62%
LSR	0.78%	15.49%	12.05%	5.66%	6.56%	8.27%	6.07%
Free Cash Flow
Avg YoY	-9.57%	-10.81%	12.03%	17.47%	33.97%	84.60%	92.58%
Slope	-17.17%	-9.96%	6.35%	5.89%	6.24%	6.51%	7.75%
CAGR	-18.70%	-16.81%	1.12%	2.48%	5.32%	3.38%	8.29%
LSR	-18.70%	-10.54%	7.68%	6.27%	7.81%	9.58%	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
EBITDA
Avg YoY	-3.96%	14.79%	12.44%	12.30%	11.34%	10.85%	7.25%
Slope	-8.47%	11.08%	13.78%	8.65%	8.23%	7.94%	6.25%
CAGR	-9.16%	10.00%	10.03%	9.31%	7.81%	7.80%	3.67%
LSR	-9.16%	12.97%	15.15%	8.59%	8.54%	8.54%	6.03%
(-) Tax Adjustment
Avg YoY	-58.71%	6.27%	14.04%	42.50%	33.05%	32.03%	25.08%
Slope	-82.16%	-15.60%	1.66%	3.92%	4.37%	5.05%	3.50%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Change In Working Capital
Avg YoY	93.92%	-27.30%	-0.48%	-11.31%	77.22%	-265.61%	-230.81%
Slope	128.68%	0.55%	-29.15%	-15.60%	-28.65%	-61.51%	-18.85%
CAGR	—	-37.43%	-0.78%	-1.09%	6.57%	-7.09%	—
LSR	—	—	—	—	—	—	—
Capital Expenditure
Avg YoY	-4.77%	-13.71%	-11.07%	-11.44%	-11.52%	-11.17%	-28.49%
Slope	-0.70%	-13.76%	-11.63%	-5.86%	-6.17%	-6.94%	-4.89%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-6.63%	175.12%	79.80%	66.26%	96.41%	96.71%	74.96%
Slope	-9.38%	14.96%	20.79%	12.76%	12.82%	12.24%	9.38%
CAGR	-9.83%	53.71%	16.65%	17.60%	12.00%	—	2.55%
LSR	-9.83%	40.64%	24.48%	12.15%	—	—	—
Net Interest After Taxes
Avg YoY	-1,141.88%	-576.36%	-248.38%	-164.91%	-119.38%	-103.72%	-103.72%
Slope	-117.54%	-66.82%	-5.45%	-1.59%	-0.48%	-1.03%	-4.05%
CAGR	—	—	—	—	—	—	—
LSR	—	—	—	—	—	—	—
Net Debt Issuance
Avg YoY	335.11%	386.35%	205.05%	199.15%	139.41%	139.11%	111.72%
Slope	157.42%	81.61%	30.69%	20.53%	33.78%	19.93%	8.77%
CAGR	543.37%	74.12%	27.19%	—	—	—	7.78%
LSR	—	—	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	52.24%	101.73%	79.35%	223.59%	310.95%	268.12%	216.65%
Slope	39.15%	30.97%	22.35%	13.74%	15.04%	12.76%	8.98%
CAGR	43.78%	64.84%	21.42%	35.68%	—	—	4.91%
LSR	43.78%	47.19%	25.05%	15.28%	—	—	—