Fleury S.A. (FLRY3.SA)

Analysis: Growth Rates Industry: Medical - Diagnostics & Research Sector: Healthcare Live Price: $15.43

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y
Stock Price
Avg YoY	-2.31%	-10.77%	25.55%	14.03%
Slope	-5.63%	-10.42%	0.53%	7.05%
CAGR	-6.05%	-13.34%	9.76%	3.37%
LSR	-6.05%	-9.58%	3.62%	9.09%
Market Capitalization
Avg YoY	-2.28%	-10.61%	25.36%	13.84%
Slope	-5.61%	-10.20%	0.89%	7.10%
CAGR	-6.03%	-13.16%	9.87%	3.38%
LSR	-6.03%	-9.40%	3.99%	9.08%
(-) Cash & Equivalents
Avg YoY	-11.33%	-12.69%	-4.01%	5.43%
Slope	-11.99%	-22.15%	-37.42%	-18.97%
CAGR	-11.33%	-16.69%	-33.33%	-24.24%
LSR	-11.33%	-20.26%	-34.13%	-27.62%
(+) Total Debt
Avg YoY	-3.09%	7.02%	17.79%	53.60%
Slope	-4.81%	4.19%	15.02%	14.19%
CAGR	-4.46%	5.72%	14.37%	27.66%
LSR	-4.46%	4.46%	19.17%	20.08%
Enterprise Value
Avg YoY	-4.83%	-6.01%	25.39%	17.40%
Slope	-5.26%	-4.69%	5.85%	10.43%
CAGR	-5.30%	-6.63%	14.41%	10.00%
LSR	-5.30%	-4.49%	9.72%	13.77%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y
Revenue
Avg YoY	31.87%	27.33%	17.42%	17.42%
Slope	25.95%	23.61%	15.69%	13.31%
CAGR	31.22%	26.81%	16.83%	16.82%
LSR	31.22%	27.30%	16.20%	14.28%
Cost of Revenue
Avg YoY	31.80%	27.27%	17.24%	18.77%
Slope	25.10%	23.93%	16.14%	13.49%
CAGR	30.52%	26.53%	16.59%	17.91%
LSR	30.52%	27.87%	16.62%	14.64%
Gross Profit
Avg YoY	33.09%	28.18%	18.40%	15.41%
Slope	28.32%	22.74%	14.50%	12.83%
CAGR	33.08%	27.55%	17.48%	14.56%
LSR	33.08%	25.73%	15.12%	13.60%
Gross Margin
Avg YoY	2.07%	1.03%	0.89%	-1.41%
Slope	1.46%	-1.21%	-0.91%	-0.73%
CAGR	1.42%	0.58%	0.55%	-1.94%
LSR	1.42%	-1.23%	-0.93%	-0.60%
R&D Expenses
Avg YoY	—	—	-100.00%	-100.00%
Slope	—	—	-54.55%	-10.71%
CAGR	—	—	—	—
LSR	—	—	—	—
SG&A Expenses
Avg YoY	49.60%	47.37%	38.69%	22.38%
Slope	37.30%	37.58%	9.03%	1.45%
CAGR	48.71%	46.59%	16.10%	3.76%
LSR	48.71%	49.60%	9.32%	0.63%
Operating Expenses
Avg YoY	44.08%	35.72%	17.46%	16.22%
Slope	31.43%	27.39%	15.92%	12.03%
CAGR	41.06%	32.83%	15.07%	14.00%
LSR	41.06%	33.04%	15.40%	11.42%
Operating Income (EBIT)
Avg YoY	27.69%	25.51%	21.31%	17.32%
Slope	24.37%	20.81%	14.20%	13.86%
CAGR	27.66%	25.12%	19.80%	15.03%
LSR	27.66%	23.48%	15.96%	16.00%
Operating Margin
Avg YoY	-1.97%	-0.90%	3.64%	0.27%
Slope	-2.86%	-3.00%	-0.44%	1.25%
CAGR	-2.72%	-1.34%	2.54%	-1.53%
LSR	-2.72%	-3.00%	-0.21%	1.51%
Interest Income
Avg YoY	40.37%	70.46%	907.30%	492.24%
Slope	31.72%	42.80%	35.85%	20.25%
CAGR	39.66%	67.28%	—	9.54%
LSR	39.66%	69.71%	—	—
Interest Expense
Avg YoY	13.85%	41.17%	23.45%	32.33%
Slope	12.59%	29.42%	20.38%	17.32%
CAGR	13.70%	36.53%	16.78%	23.88%
LSR	13.70%	40.50%	21.02%	21.10%
Net Interest Income
Avg YoY	4.42%	33.37%	23.60%	-5.68%
Slope	-4.17%	-24.09%	-15.82%	-16.43%
CAGR	—	—	—	—
LSR	—	—	—	—
Other Income / Expense
Avg YoY	8.26%	33.11%	26.01%	-59.77%
Slope	-7.73%	-24.90%	-20.03%	-18.57%
CAGR	—	—	—	—
LSR	—	—	—	—
Unusual Items
Avg YoY	8.26%	33.11%	26.01%	-59.77%
Slope	7.73%	24.90%	20.03%	18.57%
CAGR	8.17%	28.42%	16.09%	—
LSR	8.17%	32.47%	22.61%	—
EBT excl. Unusual
Avg YoY	-67.09%	-50.21%	-76.78%	-71.76%
Slope	100.80%	-128.44%	-44.85%	-17.38%
CAGR	—	-15.68%	—	-13.62%
LSR	—	—	—	—
Pre-Tax Income
Avg YoY	39.54%	26.60%	22.47%	14.86%
Slope	33.17%	18.10%	9.96%	11.16%
CAGR	39.28%	23.26%	18.36%	10.46%
LSR	39.28%	19.02%	11.24%	12.76%
Pre-Tax Margin
Avg YoY	7.51%	-0.59%	4.32%	-1.58%
Slope	6.27%	-6.82%	-4.41%	-1.93%
CAGR	6.14%	-2.80%	1.31%	-5.44%
LSR	6.14%	-6.50%	-4.26%	-1.33%
Income Tax Expense
Avg YoY	39.85%	29.79%	18.18%	13.87%
Slope	33.12%	13.25%	7.59%	8.50%
CAGR	37.50%	21.53%	12.15%	7.63%
LSR	37.50%	13.78%	7.99%	9.32%
Net Income
Avg YoY	41.52%	26.80%	26.71%	17.61%
Slope	34.31%	20.27%	10.95%	12.22%
CAGR	41.46%	24.44%	21.43%	11.76%
LSR	41.46%	21.42%	12.75%	14.37%
Net Margin
Avg YoY	8.68%	-0.45%	8.16%	1.01%
Slope	7.82%	-4.78%	-3.57%	-0.81%
CAGR	7.81%	-1.87%	3.94%	-4.34%
LSR	7.81%	-4.62%	-2.96%	0.08%
Depreciation & Amortization
Avg YoY	31.91%	22.34%	24.45%	27.83%
Slope	25.49%	21.24%	20.03%	17.44%
CAGR	30.88%	21.45%	22.84%	25.35%
LSR	30.88%	23.44%	24.00%	21.75%
EBITDA
Avg YoY	28.99%	23.83%	21.61%	19.04%
Slope	24.82%	20.98%	16.34%	15.16%
CAGR	28.90%	23.61%	20.91%	17.72%
LSR	28.90%	23.43%	18.62%	17.72%
EBITDA Margin
Avg YoY	-1.57%	-2.42%	4.04%	1.69%
Slope	-1.82%	-3.10%	1.80%	2.83%
CAGR	-1.77%	-2.53%	3.49%	0.77%
LSR	-1.77%	-3.04%	2.08%	3.01%
NOPAT
Avg YoY	27.69%	25.51%	21.31%	17.32%
Slope	24.37%	20.81%	14.20%	13.86%
CAGR	27.66%	25.12%	19.80%	15.03%
LSR	27.66%	23.48%	15.96%	16.00%
NOPAT Margin
Avg YoY	-1.97%	-0.90%	3.64%	0.27%
Slope	-2.86%	-3.00%	-0.44%	1.25%
CAGR	-2.72%	-1.34%	2.54%	-1.53%
LSR	-2.72%	-3.00%	-0.21%	1.51%
Owner's Earnings
Avg YoY	64.11%	27.97%	32.90%	14.12%
Slope	43.06%	24.48%	18.99%	19.16%
CAGR	61.03%	20.72%	25.44%	16.82%
LSR	61.03%	25.22%	21.82%	—
Owner's Earnings Margin
Avg YoY	23.28%	-0.43%	13.76%	2.90%
Slope	19.69%	-2.80%	4.24%	8.23%
CAGR	22.72%	-4.81%	7.37%	0.00%
LSR	22.72%	-1.63%	4.84%	—
EPS (Basic)
Avg YoY	12.83%	12.45%	20.13%	12.20%
Slope	11.48%	5.91%	5.85%	9.05%
CAGR	11.60%	10.34%	14.92%	6.53%
LSR	11.60%	6.21%	7.96%	11.14%
EPS (Diluted)
Avg YoY	12.85%	12.67%	19.89%	11.97%
Slope	11.51%	6.10%	6.23%	9.11%
CAGR	11.63%	10.56%	15.04%	6.54%
LSR	11.63%	6.43%	8.34%	11.13%
Shares (Basic)
Avg YoY	27.68%	14.02%	6.39%	5.44%
Slope	22.54%	13.93%	4.92%	3.17%
CAGR	26.75%	12.78%	5.66%	4.90%
LSR	26.75%	14.31%	4.44%	2.91%
Shares (Diluted)
Avg YoY	27.64%	13.81%	6.30%	5.43%
Slope	22.52%	13.74%	4.54%	3.15%
CAGR	26.72%	12.55%	5.55%	4.90%
LSR	26.72%	14.09%	4.07%	2.92%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y
Cash & Cash Equivalents
Avg YoY	-11.33%	-12.69%	-4.01%	5.43%
Slope	-11.99%	-22.15%	-37.42%	-18.97%
CAGR	-11.33%	-16.69%	-33.33%	-24.24%
LSR	-11.33%	-20.26%	-34.13%	-27.62%
Short-Term Investments
Avg YoY	38.86%	30.26%	57.98%	230.56%
Slope	6.79%	6.98%	17.48%	21.11%
CAGR	5.73%	9.28%	32.33%	120.07%
LSR	5.73%	5.18%	30.11%	—
Cash & Short-Term Investments
Avg YoY	37.46%	28.63%	21.56%	23.47%
Slope	6.53%	6.38%	8.93%	7.25%
CAGR	5.53%	8.79%	9.63%	5.81%
LSR	5.53%	4.60%	9.21%	7.72%
Net Receivables
Avg YoY	4.72%	9.95%	11.38%	11.13%
Slope	4.20%	9.70%	11.72%	8.72%
CAGR	4.41%	9.66%	10.86%	9.99%
LSR	4.41%	10.58%	12.82%	8.87%
Inventory
Avg YoY	0.01%	11.99%	27.31%	21.97%
Slope	-0.02%	10.34%	18.84%	15.39%
CAGR	-0.02%	11.24%	21.59%	16.36%
LSR	-0.02%	11.63%	23.62%	16.78%
Other Current Assets
Avg YoY	108.04%	52.48%	22.12%	89.59%
Slope	40.66%	26.11%	6.72%	8.97%
CAGR	71.86%	25.23%	5.98%	22.83%
LSR	71.86%	28.88%	4.91%	17.02%
Total Current Assets
Avg YoY	10.47%	12.69%	12.37%	10.97%
Slope	7.07%	8.88%	10.27%	8.18%
CAGR	6.74%	9.87%	10.09%	7.82%
LSR	6.74%	8.94%	11.04%	8.32%
Property, Plant & Equipment
Avg YoY	-10.22%	3.17%	18.59%	19.43%
Slope	-10.71%	3.08%	14.19%	13.26%
CAGR	-10.36%	2.15%	14.89%	15.11%
LSR	-10.36%	3.28%	18.98%	15.83%
Goodwill
Avg YoY	2.54%	11.64%	8.57%	28.08%
Slope	1.67%	10.47%	10.30%	7.79%
CAGR	1.76%	10.82%	8.03%	15.57%
LSR	1.76%	11.80%	10.78%	9.25%
Intangible Assets
Avg YoY	38.23%	43.81%	22.44%	45.30%
Slope	22.28%	31.60%	21.57%	14.67%
CAGR	29.41%	38.92%	19.02%	24.99%
LSR	29.41%	43.25%	22.20%	15.28%
Long-Term Investments
Avg YoY	—	-100.00%	-18,213,700.24%	-13,009,814.46%
Slope	-150.00%	-18.76%	-35.09%	-29.39%
CAGR	—	—	—	—
LSR	—	—	—	—
Tax Assets
Avg YoY	-48.76%	25.45%	19.82%	19.80%
Slope	-63.00%	-0.19%	26.89%	-13.36%
CAGR	-48.79%	1.06%	—	-6.99%
LSR	-48.79%	0.23%	—	—
Other Non-Current Assets
Avg YoY	312.35%	148.73%	151.37%	121.59%
Slope	97.02%	14.49%	25.77%	22.32%
CAGR	148.84%	8.94%	33.32%	39.04%
LSR	148.84%	9.94%	28.00%	27.07%
Total Non-Current Assets
Avg YoY	0.90%	11.34%	12.21%	24.96%
Slope	0.08%	10.57%	13.01%	10.14%
CAGR	0.08%	10.40%	11.09%	16.18%
LSR	0.08%	11.92%	14.58%	11.58%
Total Assets
Avg YoY	2.19%	10.66%	11.39%	14.98%
Slope	2.14%	10.06%	12.16%	9.52%
CAGR	2.17%	10.22%	10.75%	12.25%
LSR	2.17%	11.09%	13.48%	10.13%
Accounts Payable
Avg YoY	10.08%	16.36%	18.24%	19.30%
Slope	8.99%	12.12%	15.50%	13.91%
CAGR	9.70%	15.04%	17.10%	16.79%
LSR	9.70%	13.91%	18.10%	16.05%
Short-Term Debt
Avg YoY	-40.27%	-26.27%	8.69%	25.80%
Slope	-49.38%	-27.33%	2.19%	10.10%
CAGR	-40.27%	-27.73%	-4.28%	8.19%
LSR	-40.27%	-27.14%	1.54%	14.70%
Tax Payables
Avg YoY	13.27%	50.44%	24.21%	20.41%
Slope	12.19%	5.11%	11.72%	8.01%
CAGR	13.18%	21.02%	10.36%	9.46%
LSR	13.18%	10.85%	12.63%	7.65%
Deferred Revenue
Avg YoY	-100.00%	-100.00%	-100.00%	-100.00%
Slope	0.00%	50.00%	42.42%	32.14%
CAGR	—	—	—	—
LSR	—	—	—	—
Other Current Liabilities
Avg YoY	-810.27%	-410.18%	-151.79%	58.31%
Slope	-283.56%	-71.90%	-4.00%	-3.09%
CAGR	—	—	—	—
LSR	—	—	—	—
Total Current Liabilities
Avg YoY	-17.68%	-9.22%	10.13%	23.66%
Slope	-19.12%	-9.40%	8.19%	10.13%
CAGR	-17.81%	-9.73%	5.78%	12.10%
LSR	-17.81%	-9.62%	9.69%	12.53%
Long-Term Debt
Avg YoY	9.15%	16.57%	15.10%	74.99%
Slope	5.38%	10.27%	13.59%	11.74%
CAGR	5.07%	14.13%	12.94%	29.20%
LSR	5.07%	11.00%	15.51%	16.95%
Capital Lease Obligations
Avg YoY	-15.22%	2.44%	1,730.28%	1,501.50%
Slope	-16.29%	2.17%	25.05%	24.26%
CAGR	-15.36%	0.50%	—	—
LSR	-15.36%	2.22%	—	—
Deferred Tax Liabilities
Avg YoY	-100.00%	-34.87%	-19.35%	14.10%
Slope	6.58%	-11.31%	14.69%	13.19%
CAGR	4.49%	1.04%	—	19.07%
LSR	—	—	—	—
Other Non-Current Liabilities
Avg YoY	48.40%	59.80%	26.10%	39.85%
Slope	-11.79%	27.24%	2.38%	3.44%
CAGR	-19.03%	16.16%	-6.14%	3.58%
LSR	-19.03%	34.25%	0.15%	2.26%
Total Non-Current Liabilities
Avg YoY	-1.24%	9.80%	17.00%	37.45%
Slope	-1.94%	7.41%	14.91%	13.06%
CAGR	-1.86%	8.85%	14.53%	22.64%
LSR	-1.86%	8.13%	18.50%	16.82%
Total Liabilities
Avg YoY	-4.16%	5.85%	14.53%	32.26%
Slope	-4.75%	4.23%	13.56%	12.47%
CAGR	-4.52%	5.16%	12.89%	20.14%
LSR	-4.52%	4.57%	16.62%	15.78%
Common Stock
Avg YoY	0.24%	5.03%	2.51%	4.93%
Slope	-0.38%	6.08%	3.32%	2.05%
CAGR	-0.39%	4.45%	2.23%	3.79%
LSR	-0.39%	6.40%	3.25%	2.11%
Retained Earnings
Avg YoY	7.32%	28.62%	91.84%	48.63%
Slope	1.84%	15.94%	16.46%	5.60%
CAGR	1.68%	23.47%	48.97%	4.48%
LSR	1.68%	19.37%	31.78%	—
Accumulated OCI
Avg YoY	59.40%	115.83%	-331.60%	-258.13%
Slope	28.99%	53.75%	33.25%	22.58%
CAGR	42.55%	—	18.39%	—
LSR	42.55%	—	—	—
Minority Interest
Avg YoY	87.62%	94.88%	94.88%	94.88%
Slope	55.04%	57.47%	44.24%	32.94%
CAGR	65.28%	—	—	—
LSR	65.28%	—	—	—
Total Shareholders’ Equity
Avg YoY	12.70%	21.58%	9.34%	10.00%
Slope	9.71%	19.58%	10.16%	5.49%
CAGR	10.92%	20.04%	7.90%	7.39%
LSR	10.92%	23.33%	9.76%	4.98%
Total Equity
Avg YoY	13.07%	21.99%	9.52%	10.12%
Slope	10.14%	19.87%	10.32%	5.58%
CAGR	11.40%	20.52%	8.09%	7.51%
LSR	11.40%	23.73%	9.92%	5.06%
Total Liabilities & Equity
Avg YoY	1.47%	11.03%	11.33%	15.77%
Slope	1.42%	10.19%	12.25%	9.41%
CAGR	1.44%	10.53%	10.57%	12.19%
LSR	1.44%	11.33%	13.60%	10.06%
Tangible Assets
Avg YoY	-0.90%	7.68%	12.88%	11.74%
Slope	-1.70%	6.20%	11.94%	9.92%
CAGR	-1.62%	6.52%	11.29%	9.75%
LSR	-1.62%	6.58%	13.96%	10.52%
Tangible Equity
Avg YoY	-17.79%	-1.73%	-44.22%	-82.39%
Slope	21.04%	12.21%	-33.06%	-169.86%
CAGR	—	—	—	—
LSR	—	—	—	—
Tangible Book Value
Avg YoY	-17.79%	-1.73%	-44.22%	-82.39%
Slope	21.04%	12.21%	-33.06%	-169.86%
CAGR	—	—	—	—
LSR	—	—	—	—
Total Investments
Avg YoY	-66.40%	144.85%	218.47%	361.20%
Slope	-86.52%	-2.05%	11.08%	18.16%
CAGR	-70.05%	2.77%	35.10%	53.06%
LSR	-70.05%	0.14%	29.59%	79.96%
Net Debt
Avg YoY	3.54%	10.03%	22.72%	27.79%
Slope	0.00%	5.28%	16.05%	18.61%
CAGR	0.00%	7.92%	20.32%	—
LSR	0.00%	5.40%	21.94%	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y
Working Capital
Avg YoY	38.67%	40.22%	19.82%	14.56%
Slope	20.22%	20.21%	8.83%	4.59%
CAGR	19.03%	20.80%	9.51%	5.34%
LSR	19.03%	20.62%	7.75%	3.90%
Total Capital
Avg YoY	2.27%	11.22%	11.59%	14.58%
Slope	2.24%	10.55%	12.39%	9.50%
CAGR	2.26%	10.65%	10.63%	12.12%
LSR	2.26%	11.66%	13.70%	9.99%
Capital Employed
Avg YoY	3.69%	13.03%	11.50%	14.46%
Slope	3.59%	12.15%	12.25%	9.05%
CAGR	3.68%	12.43%	10.71%	11.94%
LSR	3.68%	13.60%	13.36%	9.43%
Invested Capital
Avg YoY	2.30%	11.36%	14.19%	23.87%
Slope	2.27%	10.68%	13.96%	11.61%
CAGR	2.30%	10.77%	13.30%	17.68%
LSR	2.30%	11.81%	16.19%	13.45%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y
Net Income
Avg YoY	11.41%	12.07%	19.62%	11.79%
Slope	10.27%	5.58%	6.11%	9.06%
CAGR	10.34%	9.99%	14.78%	6.38%
LSR	10.34%	5.94%	8.24%	11.08%
Depreciation & Amortization
Avg YoY	3.28%	8.03%	17.95%	21.56%
Slope	3.22%	7.67%	15.34%	14.60%
CAGR	3.28%	7.91%	16.38%	19.50%
LSR	3.28%	8.20%	19.15%	18.30%
Deferred Income Tax
Avg YoY	-23.78%	-23.78%	-23.78%	-23.78%
Slope	-59.42%	30.19%	37.62%	30.02%
CAGR	—	—	—	—
LSR	—	—	—	—
Stock-Based Compensation
Avg YoY	-7.63%	32.44%	34.48%	29.23%
Slope	-9.58%	15.56%	14.43%	16.92%
CAGR	-8.73%	25.13%	24.02%	17.33%
LSR	-8.73%	21.92%	19.02%	—
Change in Working Capital
Avg YoY	15.62%	-631.75%	-601.98%	-388.89%
Slope	21.25%	-15.91%	-12.97%	-1.04%
CAGR	-22.09%	-0.76%	5.49%	0.45%
LSR	-22.09%	40.62%	18.69%	-1.92%
Accounts Receivable
Avg YoY	6.40%	-6.71%	-20.15%	-13.50%
Slope	13.54%	-3.95%	-8.97%	-12.09%
CAGR	-14.88%	-6.05%	4.66%	—
LSR	-14.88%	3.76%	9.57%	—
Inventory
Avg YoY	-271.27%	-665.26%	-402.11%	-250.23%
Slope	51.12%	30.25%	-9.47%	-14.90%
CAGR	-28.21%	-20.68%	15.06%	—
LSR	—	—	—	—
Accounts Payable
Avg YoY	184.16%	82.88%	374.06%	346.66%
Slope	91.20%	-20.03%	12.01%	18.99%
CAGR	158.31%	-2.62%	—	—
LSR	158.31%	-19.32%	—	—
Other Working Capital
Avg YoY	-30.12%	-185.88%	-49.61%	-27.57%
Slope	-23.78%	-51.70%	-50.68%	16.70%
CAGR	28.75%	120.34%	—	-6.56%
LSR	28.75%	136.86%	—	—
Other Non-Cash Items
Avg YoY	6.99%	34.20%	13.44%	22.80%
Slope	6.58%	21.96%	11.64%	9.71%
CAGR	6.90%	30.85%	8.56%	16.39%
LSR	6.90%	29.75%	11.34%	11.02%
Net Cash from Operating Activities
Avg YoY	10.70%	19.18%	15.98%	18.43%
Slope	10.09%	11.12%	11.04%	13.38%
CAGR	10.35%	16.76%	13.87%	16.76%
LSR	10.35%	12.90%	12.41%	17.37%
Capital Expenditures (PPE)
Avg YoY	12.46%	-24.25%	-20.39%	-27.36%
Slope	16.26%	-3.18%	-7.46%	-7.73%
CAGR	-14.22%	12.81%	11.61%	12.21%
LSR	-14.22%	6.12%	9.28%	9.24%
Acquisitions (Net)
Avg YoY	-133.35%	-171.76%	-1,142.44%	-787.94%
Slope	98.52%	22.71%	-16.36%	-0.43%
CAGR	-50.81%	3.91%	29.55%	3.68%
LSR	—	—	—	—
Purchases of Investments
Avg YoY	98.84%	-4,030.87%	-1,886.58%	-1,886.58%
Slope	146.59%	27.36%	-0.03%	-13.40%
CAGR	—	—	—	—
LSR	—	—	—	—
Sales / Maturities of Investments
Avg YoY	-100.00%	72,575.08%	34,330.62%	34,330.62%
Slope	0.00%	0.86%	15.01%	20.03%
CAGR	—	—	—	—
LSR	—	—	—	—
Other Investing Activities
Avg YoY	-41,386.02%	-20,538.17%	-9,175.88%	-5,871.61%
Slope	-155.44%	-101.98%	-72.77%	-44.44%
CAGR	—	363.84%	—	35.63%
LSR	—	—	—	—
Net Cash from Investing Activities
Avg YoY	-37,932.62%	-19,003.59%	-8,507.61%	-5,490.47%
Slope	5.85%	-12.55%	-14.77%	-9.53%
CAGR	-3.82%	26.08%	39.53%	17.66%
LSR	—	—	—	—
Net Debt Issuance
Avg YoY	278.09%	1,040.12%	475.23%	368.23%
Slope	61.19%	29.15%	25.69%	16.78%
CAGR	45.95%	23.97%	—	—
LSR	—	—	—	—
Long-Term Debt Issuance
Avg YoY	278.09%	153.78%	81.30%	218.74%
Slope	61.19%	19.33%	24.99%	8.52%
CAGR	45.95%	23.97%	—	—
LSR	—	—	—	—
Short-Term Debt Issuance
Avg YoY	—	100.00%	100.00%	100.00%
Slope	—	50.00%	-18.18%	17.78%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Stock Issuance
Avg YoY	-48.83%	710.34%	345.10%	256.08%
Slope	-157.24%	-1.64%	26.64%	18.47%
CAGR	—	—	—	—
LSR	—	—	—	—
Common Stock Issuance
Avg YoY	-100.00%	4,056.42%	2,018.14%	1,594.51%
Slope	-149.99%	-0.98%	27.00%	19.00%
CAGR	—	—	—	—
LSR	—	—	—	—
Common Stock Repurchased
Avg YoY	4.49%	52.24%	52.24%	52.24%
Slope	-73.28%	-13.97%	-33.69%	-28.28%
CAGR	—	—	—	—
LSR	—	—	—	—
Preferred Stock Issuance
Avg YoY	—	100.00%	100.00%	100.00%
Slope	—	50.00%	-18.18%	-21.43%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Dividends Paid
Avg YoY	17.13%	-2.33%	-249.67%	-188.62%
Slope	20.39%	-0.92%	-6.16%	-11.72%
CAGR	-20.37%	-1.68%	33.00%	—
LSR	-20.37%	0.37%	17.97%	—
Common Dividends Paid
Avg YoY	17.13%	-2.33%	-249.67%	-188.62%
Slope	20.39%	-0.92%	-6.16%	-11.72%
CAGR	-20.37%	-1.68%	33.00%	—
LSR	-20.37%	0.37%	17.97%	—
Other Financing Activities
Avg YoY	0.53%	-98.03%	-61.02%	26.86%
Slope	0.54%	-25.32%	-19.21%	-31.90%
CAGR	-0.54%	20.32%	16.69%	18.82%
LSR	-0.54%	37.33%	19.92%	—
Net Cash from Financing Activities
Avg YoY	-128.08%	-80.44%	-1,770.75%	-850.15%
Slope	-83.08%	-8.18%	3.05%	-25.75%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Change in Cash
Avg YoY	8.65%	-111.62%	-187.87%	-141.58%
Slope	184.98%	-177.36%	17.87%	1.15%
CAGR	-92.93%	—	—	—
LSR	—	—	—	—
Cash at Beginning of Period
Avg YoY	-25.57%	46.49%	-1.48%	6.67%
Slope	-50.65%	-3.68%	-34.35%	-17.11%
CAGR	-36.38%	11.10%	-33.15%	-24.05%
LSR	-36.38%	-0.21%	-38.05%	-27.21%
Cash at End of Period
Avg YoY	-11.33%	-12.69%	-5.17%	6.22%
Slope	-11.99%	-22.15%	-38.74%	-18.74%
CAGR	-11.33%	-16.69%	-34.75%	-24.24%
LSR	-11.33%	-20.26%	-34.82%	-27.72%
Operating Cash Flow
Avg YoY	10.70%	19.18%	15.98%	18.35%
Slope	10.09%	11.12%	11.04%	13.52%
CAGR	10.35%	16.76%	13.87%	16.76%
LSR	10.35%	12.90%	12.41%	17.80%
Capital Expenditure
Avg YoY	12.46%	-24.25%	-20.39%	-23.66%
Slope	16.26%	-3.18%	-7.46%	-7.47%
CAGR	-14.22%	12.81%	11.61%	10.73%
LSR	-14.22%	6.12%	9.28%	8.64%
Free Cash Flow
Avg YoY	25.09%	19.36%	18.58%	120.97%
Slope	22.20%	15.04%	12.99%	17.20%
CAGR	25.09%	18.27%	14.76%	20.71%
LSR	25.09%	16.16%	14.37%	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y
EBITDA
Avg YoY	4.07%	11.42%	14.11%	17.17%
Slope	3.59%	7.49%	11.79%	12.69%
CAGR	3.53%	10.56%	12.71%	14.68%
LSR	3.53%	8.25%	13.74%	15.62%
(-) Tax Adjustment
Avg YoY	4.82%	13.09%	11.70%	18.47%
Slope	2.34%	2.84%	9.44%	10.45%
CAGR	2.21%	9.01%	7.70%	11.73%
LSR	2.21%	3.48%	10.87%	12.72%
Change In Working Capital
Avg YoY	15.62%	-631.75%	-601.98%	-388.89%
Slope	21.25%	-15.91%	-12.97%	-1.04%
CAGR	—	—	—	—
LSR	—	—	—	—
Capital Expenditure
Avg YoY	12.46%	-24.25%	-20.39%	-23.66%
Slope	16.26%	-3.18%	-7.46%	-7.47%
CAGR	—	—	—	—
LSR	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	6.39%	12.09%	19.40%	51.89%
Slope	5.88%	12.09%	14.74%	13.31%
CAGR	6.19%	8.90%	14.21%	12.68%
LSR	6.19%	13.24%	17.30%	16.86%
Net Interest After Taxes
Avg YoY	17.27%	-24.23%	-21.27%	-45.53%
Slope	19.20%	-13.33%	-12.16%	-15.16%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Debt Issuance
Avg YoY	278.09%	1,040.12%	475.23%	368.23%
Slope	61.19%	29.15%	25.69%	16.78%
CAGR	45.95%	23.97%	—	—
LSR	—	—	—	—
Levered Free Cash Flow
Avg YoY	26.04%	32.76%	34.61%	64.56%
Slope	14.88%	15.73%	16.54%	14.23%
CAGR	14.01%	14.14%	21.26%	21.07%
LSR	14.01%	16.41%	20.58%	19.97%