Zoetis Inc. (0M3Q.L)

Analysis: Growth Rates Industry: Medical - Pharmaceuticals Sector: Healthcare Live Price: $125.02

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y
Stock Price
Avg YoY	8.61%	6.18%	18.84%	15.57%
Slope	4.85%	-2.83%	13.55%	14.20%
CAGR	5.44%	-0.39%	14.57%	12.58%
LSR	5.44%	-2.41%	17.83%	17.46%
Market Capitalization
Avg YoY	8.71%	6.31%	18.87%	15.60%
Slope	4.93%	-2.71%	13.60%	14.21%
CAGR	5.53%	-0.27%	14.61%	12.63%
LSR	5.53%	-2.28%	17.88%	17.47%
(-) Cash & Equivalents
Avg YoY	-21.53%	-10.48%	16.92%	45.11%
Slope	-29.67%	-14.77%	10.27%	14.86%
CAGR	-24.24%	-12.74%	7.38%	28.47%
LSR	-24.24%	-14.74%	13.52%	28.48%
(+) Total Debt
Avg YoY	-6.78%	-0.01%	5.78%	42.24%
Slope	-7.63%	-0.42%	5.78%	11.35%
CAGR	-7.15%	-0.92%	4.83%	17.92%
LSR	-7.15%	-0.41%	6.40%	19.82%
Enterprise Value
Avg YoY	8.32%	5.98%	17.23%	15.35%
Slope	4.89%	-2.13%	12.96%	13.92%
CAGR	5.47%	0.13%	13.57%	12.79%
LSR	5.47%	-1.75%	16.66%	17.27%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y
Revenue
Avg YoY	7.04%	8.62%	7.72%	7.13%
Slope	6.82%	7.35%	7.75%	6.44%
CAGR	7.03%	8.52%	7.66%	7.02%
LSR	7.03%	7.77%	8.14%	6.57%
Cost of Revenue
Avg YoY	4.80%	6.61%	5.36%	4.84%
Slope	4.70%	5.96%	5.78%	4.50%
CAGR	4.80%	6.57%	5.29%	4.73%
LSR	4.80%	6.23%	5.96%	4.50%
Gross Profit
Avg YoY	8.09%	9.60%	8.99%	8.48%
Slope	7.79%	8.00%	8.73%	7.46%
CAGR	8.07%	9.44%	8.91%	8.34%
LSR	8.07%	8.50%	9.29%	7.74%
Gross Margin
Avg YoY	0.98%	0.86%	1.17%	1.25%
Slope	0.97%	0.68%	1.05%	1.08%
CAGR	0.98%	0.86%	1.16%	1.23%
LSR	0.98%	0.68%	1.06%	1.10%
R&D Expenses
Avg YoY	12.82%	10.37%	7.39%	3.92%
Slope	11.99%	9.82%	7.02%	3.57%
CAGR	12.82%	10.33%	7.30%	3.73%
LSR	12.82%	10.25%	7.13%	3.33%
SG&A Expenses
Avg YoY	7.42%	7.79%	5.94%	3.97%
Slope	7.15%	6.54%	6.68%	3.70%
CAGR	7.42%	7.65%	5.75%	3.76%
LSR	7.42%	6.84%	6.89%	3.53%
Operating Expenses
Avg YoY	8.58%	8.33%	5.53%	4.03%
Slope	8.22%	7.25%	6.31%	3.44%
CAGR	8.58%	8.23%	5.31%	3.83%
LSR	8.58%	7.57%	6.42%	3.28%
Operating Income (EBIT)
Avg YoY	7.67%	10.83%	13.86%	21.20%
Slope	7.41%	8.69%	11.13%	12.35%
CAGR	7.63%	10.57%	13.54%	18.66%
LSR	7.63%	9.36%	12.69%	15.74%
Operating Margin
Avg YoY	0.57%	1.93%	5.78%	12.66%
Slope	0.56%	1.45%	3.84%	6.97%
CAGR	0.56%	1.90%	5.46%	10.88%
LSR	0.56%	1.48%	4.20%	8.61%
Interest Income
Avg YoY	55.48%	198.57%	124.35%	124.35%
Slope	32.18%	51.43%	32.12%	27.59%
CAGR	45.60%	72.40%	—	—
LSR	45.60%	105.84%	—	—
Interest Expense
Avg YoY	1.33%	-0.53%	8.37%	23.77%
Slope	1.02%	0.33%	5.93%	10.75%
CAGR	1.05%	-0.71%	7.71%	14.36%
LSR	1.05%	0.32%	6.88%	16.15%
Net Interest Income
Avg YoY	-14.65%	-12.74%	2.29%	19.86%
Slope	16.07%	14.79%	-0.86%	-8.01%
CAGR	—	—	—	—
LSR	—	—	—	—
Other Income / Expense
Avg YoY	0.21%	-2.12%	-1.51%	16.47%
Slope	8.42%	11.14%	2.45%	-4.11%
CAGR	—	—	—	—
LSR	—	—	—	—
Unusual Items
Avg YoY	0.21%	-2.12%	-1.51%	16.47%
Slope	-8.42%	-11.14%	-2.45%	4.11%
CAGR	-7.23%	-6.19%	-5.56%	6.30%
LSR	-7.23%	-10.92%	-2.14%	5.26%
EBT excl. Unusual
Avg YoY	11.97%	16.94%	-82.14%	29.56%
Slope	10.70%	14.58%	17.55%	17.12%
CAGR	11.64%	16.51%	—	49.31%
LSR	11.64%	16.56%	—	—
Pre-Tax Income
Avg YoY	8.63%	12.16%	25.15%	29.32%
Slope	8.20%	10.30%	13.18%	13.95%
CAGR	8.61%	11.93%	21.45%	22.73%
LSR	8.61%	11.26%	16.98%	19.22%
Pre-Tax Margin
Avg YoY	1.52%	3.19%	16.76%	20.47%
Slope	1.45%	3.15%	6.30%	8.89%
CAGR	1.48%	3.15%	12.81%	14.69%
LSR	1.48%	3.24%	8.17%	11.87%
Income Tax Expense
Avg YoY	8.12%	15.60%	21.77%	27.34%
Slope	7.76%	13.43%	7.13%	9.56%
CAGR	8.11%	15.33%	13.36%	17.45%
LSR	8.11%	15.18%	8.59%	12.44%
Net Income
Avg YoY	8.47%	11.27%	30.22%	33.01%
Slope	8.04%	9.43%	14.87%	15.30%
CAGR	8.44%	10.99%	24.78%	24.95%
LSR	8.44%	10.24%	20.60%	21.91%
Net Margin
Avg YoY	1.38%	2.35%	21.46%	23.85%
Slope	1.30%	2.24%	8.47%	10.55%
CAGR	1.32%	2.28%	15.91%	16.75%
LSR	1.32%	2.29%	11.52%	14.40%
Depreciation & Amortization
Avg YoY	3.41%	3.05%	11.30%	7.84%
Slope	3.30%	3.31%	9.72%	8.34%
CAGR	3.38%	3.03%	10.70%	7.31%
LSR	3.38%	3.36%	11.33%	8.73%
EBITDA
Avg YoY	7.08%	9.62%	13.37%	17.12%
Slope	6.86%	7.94%	10.93%	11.74%
CAGR	7.06%	9.45%	13.13%	15.88%
LSR	7.06%	8.47%	12.49%	14.24%
EBITDA Margin
Avg YoY	0.03%	0.87%	5.34%	9.09%
Slope	0.03%	0.65%	3.67%	6.18%
CAGR	0.03%	0.86%	5.09%	8.28%
LSR	0.03%	0.65%	4.02%	7.20%
NOPAT
Avg YoY	7.67%	10.83%	13.86%	21.20%
Slope	7.41%	8.69%	11.13%	12.35%
CAGR	7.63%	10.57%	13.54%	18.66%
LSR	7.63%	9.36%	12.69%	15.74%
NOPAT Margin
Avg YoY	0.57%	1.93%	5.78%	12.66%
Slope	0.56%	1.45%	3.84%	6.97%
CAGR	0.56%	1.90%	5.46%	10.88%
LSR	0.56%	1.48%	4.20%	8.61%
Owner's Earnings
Avg YoY	8.11%	9.74%	31.87%	28.69%
Slope	7.82%	7.45%	13.98%	14.15%
CAGR	8.08%	9.39%	24.93%	20.50%
LSR	8.08%	7.94%	19.71%	18.88%
Owner's Earnings Margin
Avg YoY	0.99%	0.87%	23.12%	20.04%
Slope	0.98%	0.15%	7.57%	9.12%
CAGR	0.98%	0.80%	16.05%	12.60%
LSR	0.98%	0.16%	10.70%	11.54%
EPS (Basic)
Avg YoY	10.21%	12.52%	31.58%	33.32%
Slope	9.61%	10.62%	15.65%	15.80%
CAGR	10.18%	12.27%	26.11%	25.40%
LSR	10.18%	11.57%	21.81%	22.52%
EPS (Diluted)
Avg YoY	10.31%	12.66%	31.61%	33.40%
Slope	9.69%	10.74%	15.70%	15.82%
CAGR	10.28%	12.41%	26.16%	25.46%
LSR	10.28%	11.71%	21.86%	22.53%
Shares (Basic)
Avg YoY	-1.58%	-1.14%	-1.05%	-0.36%
Slope	-1.59%	-1.19%	-1.00%	-0.49%
CAGR	-1.58%	-1.14%	-1.06%	-0.37%
LSR	-1.58%	-1.19%	-0.99%	-0.49%
Shares (Diluted)
Avg YoY	-1.67%	-1.26%	-1.09%	-0.40%
Slope	-1.68%	-1.32%	-1.04%	-0.49%
CAGR	-1.67%	-1.26%	-1.09%	-0.41%
LSR	-1.67%	-1.32%	-1.04%	-0.50%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y
Cash & Cash Equivalents
Avg YoY	-21.53%	-10.48%	16.92%	45.11%
Slope	-29.67%	-14.77%	10.27%	14.86%
CAGR	-24.24%	-12.74%	7.38%	28.47%
LSR	-24.24%	-14.74%	13.52%	28.48%
Short-Term Investments
Avg YoY	—	—	-100.00%	-100.00%
Slope	—	—	-18.18%	5.36%
CAGR	—	—	—	—
LSR	—	—	—	—
Cash & Short-Term Investments
Avg YoY	-21.53%	-10.48%	16.84%	45.06%
Slope	-29.67%	-14.77%	10.15%	14.82%
CAGR	-24.24%	-12.74%	7.38%	28.47%
LSR	-24.24%	-14.74%	13.39%	28.51%
Net Receivables
Avg YoY	5.89%	8.18%	5.15%	4.74%
Slope	5.61%	7.81%	5.18%	3.48%
CAGR	5.84%	8.13%	4.99%	4.30%
LSR	5.84%	8.29%	5.26%	3.47%
Inventory
Avg YoY	1.33%	11.21%	6.82%	7.10%
Slope	0.81%	10.52%	8.29%	6.53%
CAGR	0.84%	10.49%	6.31%	6.62%
LSR	0.84%	11.81%	8.28%	6.44%
Other Current Assets
Avg YoY	4.29%	2.73%	5.69%	3.12%
Slope	2.86%	3.00%	7.24%	3.25%
CAGR	3.06%	2.03%	4.90%	2.48%
LSR	3.06%	3.02%	7.71%	3.06%
Total Current Assets
Avg YoY	-9.05%	-0.77%	7.41%	8.99%
Slope	-9.79%	-1.49%	8.35%	8.51%
CAGR	-9.18%	-1.20%	6.25%	8.15%
LSR	-9.18%	-1.53%	9.32%	9.37%
Property, Plant & Equipment
Avg YoY	12.19%	12.32%	13.41%	9.29%
Slope	11.18%	12.19%	13.11%	9.68%
CAGR	12.06%	12.23%	13.18%	8.97%
LSR	12.06%	13.10%	14.51%	9.58%
Goodwill
Avg YoY	1.29%	1.57%	9.94%	9.93%
Slope	1.27%	1.83%	8.03%	9.54%
CAGR	1.29%	1.56%	8.40%	8.39%
LSR	1.29%	1.85%	9.47%	10.88%
Intangible Assets
Avg YoY	-7.87%	-8.58%	2.42%	4.20%
Slope	-8.24%	-7.98%	0.42%	4.50%
CAGR	-8.10%	-8.75%	0.49%	1.85%
LSR	-8.10%	-7.67%	0.71%	5.03%
Long-Term Investments
Avg YoY	—	—	—	—
Slope	150.00%	100.00%	54.55%	37.50%
CAGR	—	—	—	—
LSR	—	—	—	—
Tax Assets
Avg YoY	93.79%	67.43%	33.60%	29.91%
Slope	61.44%	46.07%	23.02%	10.41%
CAGR	79.67%	56.80%	24.66%	16.19%
LSR	79.67%	54.52%	19.53%	7.40%
Other Non-Current Assets
Avg YoY	25.57%	22.62%	20.62%	9.20%
Slope	20.68%	21.73%	15.85%	8.69%
CAGR	24.41%	21.56%	19.46%	6.86%
LSR	24.41%	24.75%	17.38%	7.86%
Total Non-Current Assets
Avg YoY	7.26%	5.59%	10.04%	8.29%
Slope	6.95%	5.97%	8.66%	8.42%
CAGR	7.24%	5.54%	9.32%	7.52%
LSR	7.24%	6.10%	9.75%	8.97%
Total Assets
Avg YoY	-0.66%	2.51%	8.32%	8.11%
Slope	-0.68%	2.47%	8.52%	8.46%
CAGR	-0.68%	2.43%	7.92%	7.78%
LSR	-0.68%	2.53%	9.56%	9.13%
Accounts Payable
Avg YoY	5.17%	0.06%	6.93%	9.04%
Slope	5.05%	-0.34%	6.98%	4.25%
CAGR	5.15%	-0.08%	5.59%	5.88%
LSR	5.15%	-0.34%	7.49%	4.64%
Short-Term Debt
Avg YoY	22,767.21%	15,144.81%	8,478.42%	5,632.33%
Slope	2.41%	24.04%	22.99%	22.03%
CAGR	1.62%	23.84%	15.57%	29.58%
LSR	1.62%	—	—	—
Tax Payables
Avg YoY	-21.39%	64.72%	27.72%	30.39%
Slope	-24.99%	19.69%	10.12%	10.96%
CAGR	-21.73%	20.77%	5.57%	10.61%
LSR	-21.73%	29.74%	8.59%	11.19%
Other Current Liabilities
Avg YoY	21.45%	12.33%	9.33%	4.47%
Slope	19.15%	9.69%	9.22%	-0.06%
CAGR	21.42%	11.31%	8.61%	0.75%
LSR	21.42%	9.86%	9.46%	0.59%
Total Current Liabilities
Avg YoY	45.30%	51.07%	31.31%	24.47%
Slope	5.49%	13.43%	13.40%	7.80%
CAGR	4.54%	14.50%	10.95%	8.67%
LSR	4.54%	12.65%	13.50%	6.48%
Long-Term Debt
Avg YoY	-8.62%	-4.04%	3.71%	45.82%
Slope	-9.29%	-3.15%	4.15%	10.43%
CAGR	-9.23%	-4.47%	2.88%	16.23%
LSR	-9.23%	-3.34%	4.58%	18.80%
Capital Lease Obligations
Avg YoY	-1.54%	3.69%	2.96%	2.96%
Slope	-1.63%	4.72%	25.60%	24.71%
CAGR	-1.64%	2.95%	—	—
LSR	-1.64%	4.94%	—	—
Deferred Tax Liabilities
Avg YoY	10.44%	-12.29%	0.87%	2.23%
Slope	9.94%	-24.55%	-5.96%	-1.33%
CAGR	10.28%	-17.43%	-3.91%	-1.48%
LSR	10.28%	-20.44%	-7.15%	-2.31%
Other Non-Current Liabilities
Avg YoY	3.83%	-0.34%	6.69%	6.30%
Slope	3.58%	0.15%	5.88%	6.92%
CAGR	3.71%	-0.49%	6.32%	5.69%
LSR	3.71%	0.16%	6.63%	7.51%
Total Non-Current Liabilities
Avg YoY	-7.22%	-4.21%	3.92%	23.54%
Slope	-7.75%	-3.41%	4.15%	9.71%
CAGR	-7.73%	-4.52%	3.18%	13.19%
LSR	-7.73%	-3.53%	4.65%	15.01%
Total Liabilities
Avg YoY	-4.40%	-0.09%	5.60%	14.89%
Slope	-4.88%	-0.28%	5.61%	9.37%
CAGR	-4.65%	-0.61%	4.90%	11.58%
LSR	-4.65%	-0.27%	6.20%	12.44%
Common Stock
Avg YoY	1.69%	1.28%	1.10%	0.87%
Slope	1.68%	1.33%	1.04%	8.61%
CAGR	1.69%	1.28%	1.10%	—
LSR	1.69%	1.33%	1.05%	—
Retained Earnings
Avg YoY	19.50%	22.18%	36.16%	45.91%
Slope	17.65%	19.26%	23.20%	22.97%
CAGR	19.49%	22.13%	35.19%	—
LSR	19.49%	22.02%	34.18%	—
Accumulated OCI
Avg YoY	9.18%	7.95%	6.45%	25.33%
Slope	-8.80%	-7.40%	-6.57%	-12.23%
CAGR	—	—	—	—
LSR	—	—	—	—
Minority Interest
Avg YoY	52.63%	-68.08%	-55.01%	-31.08%
Slope	37.01%	-234.63%	-53.31%	-18.14%
CAGR	—	—	—	—
LSR	—	—	—	—
Total Shareholders’ Equity
Avg YoY	20.53%	23.93%	62.85%	70.54%
Slope	18.45%	20.46%	25.58%	24.69%
CAGR	20.51%	23.85%	53.39%	—
LSR	20.51%	23.72%	46.46%	—
Total Equity
Avg YoY	20.55%	23.90%	59.95%	60.71%
Slope	18.47%	20.45%	25.50%	24.58%
CAGR	20.53%	23.82%	51.95%	—
LSR	20.53%	23.69%	45.65%	—
Total Liabilities & Equity
Avg YoY	7.43%	10.03%	14.91%	22.18%
Slope	7.18%	9.55%	13.33%	14.66%
CAGR	7.37%	9.87%	14.48%	18.75%
LSR	7.37%	10.13%	15.64%	19.96%
Tangible Assets
Avg YoY	-0.20%	4.55%	9.54%	9.05%
Slope	-0.27%	4.09%	10.14%	8.90%
CAGR	-0.27%	4.38%	9.02%	8.69%
LSR	-0.27%	4.27%	11.27%	9.39%
Tangible Equity
Avg YoY	41.24%	118.97%	28.61%	21.31%
Slope	33.41%	43.91%	90.18%	268.19%
CAGR	41.15%	93.95%	—	—
LSR	41.15%	85.67%	—	—
Tangible Book Value
Avg YoY	41.24%	118.97%	28.61%	21.31%
Slope	33.41%	43.91%	90.18%	268.19%
CAGR	41.15%	93.95%	—	—
LSR	41.15%	85.67%	—	—
Total Investments
Avg YoY	—	—	-100.00%	-100.00%
Slope	150.00%	100.00%	-0.37%	13.23%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Debt
Avg YoY	4.70%	9.30%	5.50%	75.12%
Slope	4.55%	9.74%	2.85%	9.30%
CAGR	4.68%	7.61%	3.50%	15.47%
LSR	4.68%	10.45%	2.83%	16.96%

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y
Working Capital
Avg YoY	-18.41%	-8.78%	7.12%	7.88%
Slope	-21.81%	-9.39%	6.72%	8.09%
CAGR	-21.67%	-11.63%	3.70%	5.39%
LSR	-21.67%	-10.42%	7.53%	9.02%
Total Capital
Avg YoY	-2.36%	2.32%	9.31%	8.58%
Slope	-2.42%	2.36%	9.21%	9.28%
CAGR	-2.38%	2.14%	8.83%	8.18%
LSR	-2.38%	2.43%	10.53%	10.14%
Capital Employed
Avg YoY	-1.99%	0.18%	8.26%	7.35%
Slope	-2.38%	0.49%	7.98%	8.31%
CAGR	-2.42%	-0.11%	7.69%	6.95%
LSR	-2.42%	0.46%	9.15%	9.05%
Invested Capital
Avg YoY	5.27%	7.60%	9.68%	7.35%
Slope	4.90%	8.10%	8.90%	7.86%
CAGR	5.12%	7.42%	9.15%	6.85%
LSR	5.12%	8.57%	9.73%	8.12%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y
Net Income
Avg YoY	10.60%	12.80%	31.62%	33.34%
Slope	9.97%	10.87%	15.75%	15.82%
CAGR	10.58%	12.56%	26.21%	25.42%
LSR	10.58%	11.84%	21.91%	22.46%
Depreciation & Amortization
Avg YoY	5.16%	4.37%	12.53%	8.34%
Slope	4.97%	4.64%	10.64%	8.89%
CAGR	5.13%	4.35%	11.93%	7.76%
LSR	5.13%	4.74%	12.49%	9.28%
Deferred Income Tax
Avg YoY	-192.42%	-169.17%	-49.80%	-51.22%
Slope	-13.66%	-33.45%	-25.99%	-20.46%
CAGR	10.55%	54.76%	17.86%	12.60%
LSR	10.55%	38.45%	—	—
Stock-Based Compensation
Avg YoY	11.91%	7.71%	8.46%	14.20%
Slope	10.92%	6.50%	6.85%	8.49%
CAGR	11.10%	7.18%	7.39%	12.02%
LSR	11.10%	6.39%	7.44%	10.23%
Change in Working Capital
Avg YoY	70.57%	-67.62%	0.94%	-20.28%
Slope	102.88%	4.74%	-7.83%	-11.17%
CAGR	—	—	—	—
LSR	—	—	—	—
Accounts Receivable
Avg YoY	31.73%	-59.10%	-42.10%	-57.34%
Slope	36.49%	-28.96%	-14.80%	-10.54%
CAGR	-32.14%	—	1.67%	—
LSR	-32.14%	—	—	—
Inventory
Avg YoY	56.58%	18.10%	-3.28%	-167.63%
Slope	74.54%	18.52%	-12.63%	-14.60%
CAGR	-70.83%	-40.94%	-17.95%	—
LSR	-70.83%	-34.27%	—	—
Accounts Payable
Avg YoY	143.98%	25.87%	203.20%	150.74%
Slope	562.33%	-67.66%	13.02%	195.52%
CAGR	—	-31.37%	8.08%	—
LSR	—	—	—	—
Other Working Capital
Avg YoY	155.01%	143.74%	41.15%	382.17%
Slope	685.52%	-4.71%	69.53%	11.48%
CAGR	—	40.70%	6.29%	—
LSR	—	—	—	—
Other Non-Cash Items
Avg YoY	143.78%	107.83%	142.97%	210.90%
Slope	-37.13%	-2.43%	-5.51%	9.34%
CAGR	-23.91%	2.73%	-9.05%	—
LSR	-23.91%	-8.46%	-0.65%	—
Net Cash from Operating Activities
Avg YoY	26.39%	11.21%	22.11%	23.59%
Slope	23.27%	9.19%	13.28%	14.01%
CAGR	26.38%	9.95%	19.34%	19.64%
LSR	26.38%	8.88%	17.12%	18.02%
Capital Expenditures (PPE)
Avg YoY	-9.02%	-12.07%	-15.52%	-14.64%
Slope	-6.82%	-12.63%	-14.40%	-13.24%
CAGR	7.51%	11.06%	13.90%	13.09%
LSR	7.51%	13.86%	16.89%	14.99%
Acquisitions (Net)
Avg YoY	335.84%	-349.83%	-393.29%	-305.46%
Slope	1,177.35%	189.28%	27.31%	2.54%
CAGR	—	—	—	—
LSR	—	—	—	—
Purchases of Investments
Avg YoY	13.87%	26.78%	6.46%	6.46%
Slope	31.49%	44.60%	-13.58%	7.39%
CAGR	-24.20%	-33.56%	—	—
LSR	-24.20%	-35.20%	—	—
Sales / Maturities of Investments
Avg YoY	-73.46%	-71.05%	57.40%	57.40%
Slope	-97.98%	-87.97%	4.95%	15.58%
CAGR	—	—	—	—
LSR	—	—	—	—
Other Investing Activities
Avg YoY	713.42%	382.11%	192.86%	108.00%
Slope	132.42%	138.01%	4.80%	-26.09%
CAGR	687.72%	—	—	—
LSR	687.72%	—	—	—
Net Cash from Investing Activities
Avg YoY	34.63%	-1.63%	-70.84%	-427.74%
Slope	41.81%	2.23%	3.66%	-7.45%
CAGR	-39.26%	-12.75%	-12.15%	29.44%
LSR	-39.26%	-5.18%	0.38%	18.21%
Net Debt Issuance
Avg YoY	-50.95%	10.78%	962.76%	787.71%
Slope	-7,870.93%	-1,025.21%	-39.23%	-11.81%
CAGR	—	—	—	—
LSR	—	—	—	—
Long-Term Debt Issuance
Avg YoY	-50.95%	11.10%	30.60%	24.48%
Slope	-7,867.16%	-1,020.12%	-39.15%	-11.75%
CAGR	—	—	—	—
LSR	—	—	—	—
Short-Term Debt Issuance
Avg YoY	-227.01%	-125.93%	-78.07%	-69.94%
Slope	-9,012.95%	-4,543.09%	13.13%	-1,264.85%
CAGR	—	—	5.76%	—
LSR	—	—	—	—
Net Stock Issuance
Avg YoY	-21.32%	-89.60%	-49.77%	-1,069.81%
Slope	-10.62%	-33.27%	-20.69%	-22.55%
CAGR	9.79%	67.22%	29.30%	—
LSR	9.79%	57.29%	24.20%	—
Common Stock Repurchased
Avg YoY	-21.32%	-89.60%	-49.77%	-49.77%
Slope	-10.62%	-33.27%	-20.69%	-22.54%
CAGR	9.79%	67.22%	29.30%	—
LSR	9.79%	57.29%	24.20%	—
Net Dividends Paid
Avg YoY	-15.34%	-21.64%	-20.21%	-22.60%
Slope	-14.23%	-18.78%	-18.63%	-12.36%
CAGR	15.34%	21.46%	20.01%	10.45%
LSR	15.34%	21.71%	21.67%	13.65%
Common Dividends Paid
Avg YoY	-15.34%	-21.64%	-20.21%	-22.60%
Slope	-14.23%	-18.78%	-18.63%	-12.36%
CAGR	15.34%	21.46%	20.01%	10.45%
LSR	15.34%	21.71%	21.67%	13.65%
Other Financing Activities
Avg YoY	-2.61%	-154.38%	-38.04%	-1,246.77%
Slope	140.27%	16.47%	-6.28%	17.38%
CAGR	-47.62%	—	—	-10.97%
LSR	—	—	—	—
Net Cash from Financing Activities
Avg YoY	-118.45%	-451.45%	-200.74%	-100.76%
Slope	-40.63%	-41.42%	-36.78%	-25.63%
CAGR	74.44%	—	—	18.02%
LSR	74.44%	—	—	—
Effect of FX on Cash
Avg YoY	-144.58%	-126.54%	-62.73%	-67.78%
Slope	-8.87%	-27.13%	-3.28%	-9.08%
CAGR	6.82%	48.09%	1.10%	16.49%
LSR	6.82%	30.12%	—	—
Net Change in Cash
Avg YoY	-817.95%	-390.32%	-47.50%	76.13%
Slope	-14.92%	-84,683.31%	-81.77%	-21.87%
CAGR	—	—	—	—
LSR	—	—	—	—
Cash at Beginning of Period
Avg YoY	-18.76%	11.89%	20.67%	43.42%
Slope	-22.31%	1.73%	14.83%	17.85%
CAGR	-22.18%	2.65%	10.98%	24.64%
LSR	-22.18%	2.37%	18.30%	33.28%
Cash at End of Period
Avg YoY	-21.53%	-10.46%	16.92%	45.12%
Slope	-29.68%	-14.76%	10.28%	14.87%
CAGR	-24.25%	-12.73%	7.39%	28.48%
LSR	-24.25%	-14.73%	13.53%	28.50%
Operating Cash Flow
Avg YoY	26.39%	11.21%	22.11%	23.59%
Slope	23.27%	9.19%	13.28%	14.01%
CAGR	26.38%	9.95%	19.34%	19.64%
LSR	26.38%	8.88%	17.12%	18.02%
Capital Expenditure
Avg YoY	-9.02%	-12.07%	-15.52%	-14.64%
Slope	-6.82%	-12.63%	-14.40%	-13.24%
CAGR	7.51%	11.06%	13.90%	13.09%
LSR	7.51%	13.86%	16.89%	14.99%
Free Cash Flow
Avg YoY	34.24%	12.51%	26.90%	31.99%
Slope	29.44%	8.04%	12.92%	14.27%
CAGR	33.87%	9.64%	21.49%	23.28%
LSR	33.87%	7.24%	17.40%	19.49%

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y
EBITDA
Avg YoY	8.89%	11.00%	14.86%	17.89%
Slope	8.55%	9.26%	11.82%	12.34%
CAGR	8.87%	10.85%	14.57%	16.65%
LSR	8.87%	9.92%	13.61%	14.98%
(-) Tax Adjustment
Avg YoY	8.41%	14.40%	11.21%	16.07%
Slope	8.10%	12.44%	6.52%	8.02%
CAGR	8.37%	14.22%	7.86%	12.21%
LSR	8.37%	13.79%	6.60%	9.01%
Change In Working Capital
Avg YoY	70.57%	-67.62%	0.94%	-20.28%
Slope	102.88%	4.74%	-7.83%	-11.17%
CAGR	—	—	—	-1.26%
LSR	—	—	—	—
Capital Expenditure
Avg YoY	-9.02%	-12.07%	-15.52%	-14.64%
Slope	-6.82%	-12.63%	-14.40%	-13.24%
CAGR	—	—	—	—
LSR	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-6.70%	9.03%	16.61%	51.36%
Slope	-6.91%	5.81%	12.36%	13.42%
CAGR	-6.72%	7.64%	13.97%	27.22%
LSR	-6.72%	6.78%	14.71%	19.65%
Net Interest After Taxes
Avg YoY	13.11%	12.23%	-6.31%	-24.51%
Slope	14.26%	14.40%	-3.58%	-9.70%
CAGR	—	—	—	—
LSR	—	—	—	—
Net Debt Issuance
Avg YoY	-50.95%	10.78%	962.76%	787.71%
Slope	-7,870.93%	-1,025.21%	-39.23%	-11.81%
CAGR	—	—	—	—
LSR	—	—	—	—
Levered Free Cash Flow
Avg YoY	6.69%	24.08%	22.89%	70.24%
Slope	-31.79%	-3.99%	5.65%	8.62%
CAGR	-23.01%	-1.78%	3.50%	25.39%
LSR	-23.01%	-5.15%	5.94%	16.07%