Growth Metrics |
- |
- |
- |
Revenue Growth |
7.20% |
10.92% |
11.37% |
EBITDA Growth |
-12.70% |
-5.06% |
3.56% |
EBIT Growth |
-25.52% |
-10.79% |
7.90% |
NOPAT Growth |
-15.41% |
-11.77% |
3.89% |
Net Income Growth |
-21.10% |
15.65% |
-18.74% |
EPS Growth |
-21.13% |
16.78% |
-16.71% |
Operating Cash Flow Growth |
47.54% |
15.48% |
-41.04% |
Free Cash Flow Firm Growth |
265.54% |
-376.19% |
-75.80% |
Invested Capital Growth |
-7.88% |
23.26% |
9.64% |
Revenue Q/Q Growth |
-2.89% |
5.01% |
2.87% |
EBITDA Q/Q Growth |
-6.08% |
-12.36% |
17.08% |
EBIT Q/Q Growth |
-10.07% |
-18.76% |
26.03% |
NOPAT Q/Q Growth |
-13.18% |
9.28% |
-6.28% |
Net Income Q/Q Growth |
-12.69% |
12.39% |
-9.84% |
EPS Q/Q Growth |
-12.50% |
12.34% |
-8.98% |
Operating Cash Flow Q/Q Growth |
1.97% |
9.90% |
-5.92% |
Free Cash Flow Firm Q/Q Growth |
60.67% |
16.70% |
-54.39% |
Invested Capital Q/Q Growth |
-6.45% |
0.81% |
2.43% |
Profitability Metrics |
- |
- |
- |
Gross Margin |
32.65% |
36.91% |
37.66% |
EBITDA Margin |
17.79% |
21.85% |
25.53% |
Operating Margin |
10.67% |
14.63% |
17.49% |
EBIT Margin |
10.53% |
15.16% |
18.85% |
Profit (Net Income) Margin |
7.16% |
9.72% |
9.33% |
Tax Burden Percent |
75.20% |
69.56% |
73.12% |
Interest Burden Percent |
90.32% |
92.19% |
67.64% |
Effective Tax Rate |
24.80% |
30.44% |
26.88% |
Return on Invested Capital (ROIC) |
8.22% |
10.31% |
13.64% |
ROIC Less NNEP Spread (ROIC-NNEP) |
3.81% |
7.91% |
-23.10% |
Return on Net Nonoperating Assets (RNNOA) |
0.97% |
1.86% |
-2.58% |
Return on Equity (ROE) |
9.19% |
12.17% |
11.06% |
Cash Return on Invested Capital (CROIC) |
16.43% |
-10.53% |
4.45% |
Operating Return on Assets (OROA) |
7.44% |
10.01% |
12.20% |
Return on Assets (ROA) |
5.06% |
6.42% |
6.03% |
Return on Common Equity (ROCE) |
9.14% |
12.10% |
11.01% |
Return on Equity Simple (ROE_SIMPLE) |
9.33% |
11.61% |
11.18% |
Net Operating Profit after Tax (NOPAT) |
99 |
117 |
132 |
NOPAT Margin |
8.03% |
10.17% |
12.79% |
Net Nonoperating Expense Percent (NNEP) |
4.41% |
2.40% |
36.75% |
Return On Investment Capital (ROIC_SIMPLE) |
7.79% |
8.20% |
10.13% |
Cost of Revenue to Revenue |
67.35% |
63.09% |
62.34% |
SG&A Expenses to Revenue |
17.14% |
18.72% |
16.30% |
R&D to Revenue |
3.75% |
0.00% |
3.86% |
Operating Expenses to Revenue |
21.97% |
22.29% |
20.17% |
Earnings before Interest and Taxes (EBIT) |
130 |
174 |
195 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
219 |
251 |
264 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
2.65 |
3.15 |
3.47 |
Price to Tangible Book Value (P/TBV) |
3.43 |
4.11 |
4.60 |
Price to Revenue (P/Rev) |
2.03 |
2.64 |
2.90 |
Price to Earnings (P/E) |
28.57 |
27.25 |
31.29 |
Dividend Yield |
1.31% |
1.04% |
0.91% |
Earnings Yield |
3.50% |
3.67% |
3.20% |
Enterprise Value to Invested Capital (EV/IC) |
2.35 |
2.65 |
3.10 |
Enterprise Value to Revenue (EV/Rev) |
2.20 |
2.89 |
3.04 |
Enterprise Value to EBITDA (EV/EBITDA) |
12.39 |
13.23 |
11.92 |
Enterprise Value to EBIT (EV/EBIT) |
20.92 |
19.06 |
16.14 |
Enterprise Value to NOPAT (EV/NOPAT) |
27.45 |
28.41 |
23.78 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
12.41 |
22.41 |
24.55 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
13.74 |
0.00 |
72.92 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.34 |
0.47 |
0.51 |
Long-Term Debt to Equity |
0.34 |
0.47 |
0.51 |
Financial Leverage |
0.25 |
0.23 |
0.11 |
Leverage Ratio |
1.82 |
1.90 |
1.83 |
Compound Leverage Factor |
1.64 |
1.75 |
1.24 |
Debt to Total Capital |
25.13% |
32.08% |
33.60% |
Short-Term Debt to Total Capital |
0.00% |
0.30% |
0.00% |
Long-Term Debt to Total Capital |
25.13% |
31.78% |
33.60% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.43% |
0.42% |
0.34% |
Common Equity to Total Capital |
74.44% |
67.50% |
66.05% |
Debt to EBITDA |
1.45 |
1.82 |
1.66 |
Net Debt to EBITDA |
0.93 |
1.13 |
0.56 |
Long-Term Debt to EBITDA |
1.45 |
1.81 |
1.66 |
Debt to NOPAT |
3.22 |
3.91 |
3.32 |
Net Debt to NOPAT |
2.06 |
2.43 |
1.11 |
Long-Term Debt to NOPAT |
3.22 |
3.88 |
3.32 |
Altman Z-Score |
4.42 |
4.22 |
4.60 |
Noncontrolling Interest Sharing Ratio |
0.60% |
0.57% |
0.47% |
Liquidity Ratios |
- |
- |
- |
Current Ratio |
3.23 |
3.53 |
3.97 |
Quick Ratio |
1.60 |
1.85 |
2.33 |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
197 |
-119 |
43 |
Operating Cash Flow to CapEx |
275.73% |
177.19% |
136.87% |
Free Cash Flow to Firm to Interest Expense |
11.88 |
-5.91 |
0.64 |
Operating Cash Flow to Interest Expense |
13.15 |
7.34 |
1.91 |
Operating Cash Flow Less CapEx to Interest Expense |
8.38 |
3.20 |
0.52 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.71 |
0.66 |
0.65 |
Accounts Receivable Turnover |
4.61 |
4.71 |
5.28 |
Inventory Turnover |
5.26 |
4.69 |
5.02 |
Fixed Asset Turnover |
2.11 |
2.19 |
2.35 |
Accounts Payable Turnover |
10.82 |
9.24 |
9.30 |
Days Sales Outstanding (DSO) |
79.26 |
77.55 |
69.13 |
Days Inventory Outstanding (DIO) |
69.45 |
77.77 |
72.69 |
Days Payable Outstanding (DPO) |
33.73 |
39.52 |
39.23 |
Cash Conversion Cycle (CCC) |
114.98 |
115.81 |
102.59 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
1,152 |
1,251 |
1,015 |
Invested Capital Turnover |
1.02 |
1.01 |
1.07 |
Increase / (Decrease) in Invested Capital |
-99 |
236 |
89 |
Enterprise Value (EV) |
2,712 |
3,318 |
3,148 |
Market Capitalization |
2,503 |
3,028 |
2,996 |
Book Value per Share |
$30.14 |
$30.81 |
$27.75 |
Tangible Book Value per Share |
$23.29 |
$23.61 |
$20.93 |
Total Capital |
1,267 |
1,424 |
1,307 |
Total Debt |
319 |
457 |
439 |
Total Long-Term Debt |
319 |
453 |
439 |
Net Debt |
203 |
283 |
147 |
Capital Expenditures (CapEx) |
79 |
84 |
94 |
Debt-free, Cash-free Net Working Capital (DFCFNWC) |
389 |
460 |
335 |
Debt-free Net Working Capital (DFNWC) |
504 |
634 |
627 |
Net Working Capital (NWC) |
504 |
629 |
627 |
Net Nonoperating Expense (NNE) |
11 |
5.17 |
36 |
Net Nonoperating Obligations (NNO) |
203 |
283 |
147 |
Total Depreciation and Amortization (D&A) |
89 |
77 |
69 |
Debt-free, Cash-free Net Working Capital to Revenue |
31.61% |
40.08% |
32.40% |
Debt-free Net Working Capital to Revenue |
40.98% |
55.19% |
60.60% |
Net Working Capital to Revenue |
40.98% |
54.82% |
60.60% |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$2.81 |
$3.56 |
$3.06 |
Adjusted Weighted Average Basic Shares Outstanding |
31.23M |
31.17M |
31.10M |
Adjusted Diluted Earnings per Share |
$2.80 |
$3.55 |
$3.04 |
Adjusted Weighted Average Diluted Shares Outstanding |
31.34M |
31.28M |
31.10M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
30.90M |
31.20M |
31.10M |
Normalized Net Operating Profit after Tax (NOPAT) |
109 |
117 |
132 |
Normalized NOPAT Margin |
8.85% |
10.19% |
12.80% |
Pre Tax Income Margin |
9.51% |
13.98% |
12.75% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
7.80 |
8.63 |
2.91 |
NOPAT to Interest Expense |
5.95 |
5.79 |
1.98 |
EBIT Less CapEx to Interest Expense |
3.03 |
4.49 |
1.51 |
NOPAT Less CapEx to Interest Expense |
1.18 |
1.65 |
0.58 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
36.89% |
27.92% |
27.42% |
Augmented Payout Ratio |
52.99% |
27.92% |
115.27% |