This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2024 <-estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 1/31/24
Transcontinental Inc TSX: TCL.A OTC: TCLAF https://tctranscontinental.com/en-ca  Fiscal Yr: Oct 31
Year 10/31/11 10/31/12 10/31/13 10/31/14 10/31/15 10/31/16 10/31/17 10/31/18 10/31/19 10/31/20 10/31/21 10/31/22 10/31/23 10/31/24 10/31/25 10/31/26 Value Description #Y Item Total G
Statement Dates 10/28/18 10/27/19 10/25/20 10/31/21 10/30/22 10/29/22
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
Split
$2,926 <-12 mths -0.51%
Revenue* $2,043.6 $2,112.1 $2,110.1 $2,069.4 $2,002.2 $2,019.5 $2,007.2 $2,623.5 $3,038.8 $2,574.9 $2,643.4 $2,956.1 $2,940.6 $2,920 $2,915 $2,858 39.36% <-Total Growth 10 Revenue
Increase -2.29% 3.35% -0.09% -1.93% -3.25% 0.86% -0.61% 30.70% 15.83% -15.27% 2.66% 11.83% -0.52% -0.70% -0.17% -1.96% 3.37% <-IRR #YR-> 10 Revenue 39.36%
5 year Running Average $2,237.1 $2,194.2 $2,130.4 $2,085.4 $2,067.5 $2,062.7 $2,041.7 $2,144.4 $2,338.2 $2,452.8 $2,577.6 $2,767.3 $2,830.8 $2,807.0 $2,875.0 $2,917.9 2.31% <-IRR #YR-> 5 Revenue 12.09%
Revenue per Share $25.22 $26.71 $27.05 $26.52 $25.61 $26.24 $25.88 $30.04 $34.79 $29.59 $30.38 $34.13 $33.95 $33.71 $33.65 $32.99 2.88% <-IRR #YR-> 10 5 yr Running Average 32.87%
Increase -2.57% 5.92% 1.24% -1.93% -3.43% 2.45% -1.37% 16.06% 15.83% -14.96% 2.66% 12.35% -0.52% -0.70% -0.17% -1.96% 5.71% <-IRR #YR-> 5 5 yr Running Average 32.01%
5 year Running Average $27.48 $27.26 $26.65 $26.28 $26.22 $26.43 $26.26 $26.86 $28.51 $29.31 $30.14 $31.78 $32.57 $32.35 $33.16 $33.69 2.30% <-IRR #YR-> 10 Revenue per Share 25.52%
P/S (Price/Sales) Med 0.55 0.40 0.48 0.57 0.68 0.72 0.89 0.73 0.51 0.41 0.68 0.53 0.40 0.36 0.00 0.00 2.48% <-IRR #YR-> 5 Revenue per Share 13.01%
P/S (Price/Sales) Close 0.50 0.39 0.62 0.57 0.79 0.68 1.11 0.72 0.43 0.53 0.65 0.46 0.30 0.41 0.41 0.42 2.02% <-IRR #YR-> 10 5 yr Running Average 22.18%
*Revenue in M CDN $  P/S Med 20 yr  0.56 15 yr  0.53 10 yr  0.63 5 yr  0.51 -35.04% Diff M/C 3.93% <-IRR #YR-> 5 5 yr Running Average 21.25%
-$2,110.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,940.6
-$2,623.5 $0.0 $0.0 $0.0 $0.0 $2,940.6
-$2,130.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,830.8
-$2,144.4 $0.0 $0.0 $0.0 $0.0 $2,830.8
-$27.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.95
-$30.04 $0.00 $0.00 $0.00 $0.00 $33.95
-$26.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.57
-$26.86 $0.00 $0.00 $0.00 $0.00 $32.57
$2.16 <-12 mths 6.40%
Adjusted Net Earnings $155.3 $149.4 $148.3 $168.2 $187.7 $196.3 $213.7 $239.4 $220.2 $227.0 $206.4 $189.7 $176.0 18.68% <-Total Growth 10 Adjusted Net Earnings Adjusted net earnings
Return on Equity ROE 12.60% 18.60% 20.65% 21.23% 18.47% 18.37% 17.54% 19.64% 13.05% 13.10% 11.73% 10.11% 9.26% 15.32% <-Median-> 10 Return on Equity ROE
5Yr Median 13.78% 18.60% 18.60% 18.60% 18.47% 18.47% 18.37% 17.54% 13.10% 13.05% 11.73% 18.42% <-Median-> 10 5Yr Median
pre-split 03
Adjusted Basic EPS $2.00 $1.85 $2.02 $2.16 $2.39 $2.53 $2.61 $2.91 $2.52 $2.61 $2.37 $2.19 $2.03 0.61% <-Total Growth 10 AEPS
Adjusted EPS  $2.00 $1.85 $2.02 $2.16 $2.39 $2.53 $2.61 $2.91 $2.52 $2.61 $2.37 $2.19 $2.03 $2.07 $2.15 $2.01 0.50% <-Total Growth 10 AEPS
Increase 2.04% -7.50% 9.19% 6.93% 10.65% 5.86% 3.16% 11.49% -13.40% 3.57% -9.20% -7.59% -7.31% 1.97% 3.86% -6.51% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $1.76 $1.83 $1.89 $2.00 $2.08 $2.19 $2.34 $2.52 $2.59 $2.64 $2.60 $2.52 $2.34 $2.25 $2.16 $2.09 0.05% <-IRR #YR-> 10 Earnings per Share 0.50%
AEPS Yield 15.7% 18.0% 12.1% 14.2% 11.9% 14.1% 9.1% 13.4% 16.8% 16.5% 12.1% 14.1% 19.9% 15.0% 15.6% 14.6% -6.95% <-IRR #YR-> 5 Earnings per Share -30.24%
Payout Ratio Adj. EPS 24.50% 30.81% 28.71% 28.94% 28.03% 28.66% 30.08% 28.52% 34.52% 34.29% 37.97% 41.10% 44.33% 43.48% 41.86% 44.78% 2.19% <-IRR #YR-> 10 5 yr Running Average 24.15%
5 year Running Average 19.72% 22.21% 24.35% 26.16% 28.20% 29.03% 28.88% 28.84% 29.96% 31.21% 33.08% 35.28% 38.44% 40.23% 41.75% 43.11% -1.44% <-IRR #YR-> 5 5 yr Running Average -6.98%
Price/AEPS Median 6.89 5.72 6.42 7.06 7.34 7.46 8.82 7.51 7.11 4.60 8.76 8.25 6.70 5.91 0.00 0.00 7.40 <-Median-> 10 Price/AEPS Median
Price/AEPS High 8.58 7.10 8.24 7.89 8.61 8.55 10.97 8.09 8.91 5.52 10.94 9.76 8.37 6.87 0.00 0.00 8.58 <-Median-> 10 Price/AEPS High
Price/AEPS Low 5.20 4.34 4.60 6.22 6.07 6.36 6.66 6.93 5.30 3.68 6.57 6.74 5.03 4.95 0.00 0.00 6.29 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 6.35 5.57 8.24 7.04 8.43 7.09 10.97 7.45 5.97 6.05 8.27 7.10 5.03 6.65 6.40 6.85 7.10 <-Median-> 10 Price/AEPS Close
Trailing P/AEPSClose 6.48 5.15 9.00 7.52 9.33 7.51 11.32 8.30 5.17 6.26 7.51 6.56 4.66 6.78 6.65 6.40 7.51 <-Median-> 10 Trailing P/AEPSClose
Median Values DPR 10 Yrs 32.18% 5 Yrs   37.97% P/CF 5 Yrs   in order 7.11 8.91 5.30 6.05 -6.40% Diff M/C
* Adjusted Net Earnings 
-$2.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.03
-$2.91 $0.00 $0.00 $0.00 $0.00 $2.03
-$1.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.34
-$2.52 $0.00 $0.00 $0.00 $0.00 $2.34
$1.12 <-12 mths 13.13%
EPS Basic $0.96 -$2.27 -$0.19 $1.35 $3.36 $1.89 $2.74 $2.50 $1.90 $1.51 $1.50 $1.63 $0.99 621.05% <-Total Growth 10 EPS Basic
pre-split 03
EPS Diluted* $0.96 -$2.27 -$0.19 $1.34 $3.35 $1.88 $2.73 $2.50 $1.90 $1.51 $1.50 $1.63 $0.99 $2.07 $2.15 $2.23 621.05% <-Total Growth 10 EPS Diluted
Increase -53.40% -336% 91.63% 805.26% 150.00% -43.88% 45.21% -8.42% -24.00% -20.53% -0.66% 8.67% -39.26% 109.09% 3.86% 3.86% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 7.6% -22.0% -1.1% 8.8% 16.6% 10.5% 9.5% 11.5% 12.6% 9.6% 7.7% 10.5% 9.7% 15.0% 15.6% 15.6% #NUM! <-IRR #YR-> 10 Earnings per Share 621.05%
5 year Running Average $0.70 -$0.04 -$0.09 $0.38 $0.64 $0.82 $1.82 $2.36 $2.47 $2.10 $2.03 $1.81 $1.51 $1.54 $1.67 $1.67 -16.91% <-IRR #YR-> 5 Earnings per Share -60.40%
10 year Running Average $1.11 $0.74 $0.56 $0.55 $0.73 $0.76 $0.89 $1.13 $1.43 $1.37 $1.43 $1.82 $1.93 $2.01 $1.89 $1.89 #NUM! <-IRR #YR-> 10 5 yr Running Average 1736.96%
* ESP per share  E/P 10 Yrs 10.09% 5Yrs 9.70% -8.59% <-IRR #YR-> 5 5 yr Running Average -36.19%
$0.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.99
-$2.50 $0.00 $0.00 $0.00 $0.00 $0.99
$0.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.51
-$2.36 $0.00 $0.00 $0.00 $0.00 $1.51
Dividend* $0.91 $0.93 $0.95 Estimates Dividend*
Increase 0.00% 2.20% 2.15% Estimates Increase
Payout Ratio EPS 43.96% 43.26% 42.60% Estimates Payout Ratio EPS
Special Dividends  $0.00 $0.00 $1.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre-split 03
Dividend* $0.49 $0.57 $0.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $0.90 $0.90 $0.90 $0.90 55.17% <-Total Growth 10 Dividends
Increase 40.00% 16.33% 1.75% 7.76% 7.20% 8.21% 8.28% 5.73% 4.82% 2.87% 0.56% 0.00% 0.00% 0.00% 0.00% 0.00% 22 1 30 Years of data, Count P, N 73.33%
Average Increases 5 Year Running 15.07% 16.33% 14.14% 15.04% 14.61% 8.25% 6.64% 7.44% 6.85% 5.98% 4.45% 2.80% 1.65% 0.69% 0.11% 0.00% 6.74% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.35 $0.41 $0.66 $0.72 $0.79 $0.83 $0.88 $0.73 $0.78 $0.82 $0.86 $0.88 $0.89 $0.90 $0.90 $0.90 34.89% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 3.56% 5.39% 4.47% 4.10% 3.82% 3.84% 3.41% 3.80% 4.86% 7.45% 4.34% 4.98% 6.62% 7.36% 4.22% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 2.86% 4.34% 3.48% 3.67% 3.26% 3.35% 2.74% 3.52% 3.87% 6.21% 3.47% 4.21% 5.29% 6.33% 3.60% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 4.71% 7.11% 6.24% 4.65% 4.62% 4.50% 4.52% 4.12% 6.51% 9.31% 5.78% 6.10% 8.81% 8.78% 5.21% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 3.86% 5.53% 3.48% 4.11% 3.33% 4.04% 2.74% 3.83% 5.78% 5.67% 4.59% 5.79% 8.81% 6.54% 6.54% 6.54% 4.35% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 51.04% -25.11% -305% 46.64% 20.00% 38.56% 28.75% 33.20% 45.79% 59.27% 60.00% 55.21% 90.91% 43.48% 41.86% 40.36% 46.22% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 49.86% -1074% -720% 190.26% 123.35% 101.46% 48.13% 30.81% 31.39% 39.02% 42.21% 48.62% 59.30% 58.38% 53.96% 53.96% 48.38% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 12.89% 19.60% 10.87% 14.57% 18.15% 20.42% 18.78% 23.20% 17.61% 18.24% 24.84% 35.31% 16.51% 24.46% 23.87% 23.56% 18.51% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 13.21% 15.42% 21.99% 19.68% 19.65% 21.09% 20.83% 18.84% 19.46% 19.40% 20.16% 22.43% 20.79% 22.24% 23.59% 23.35% 19.92% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 12.63% 14.01% 13.29% 14.01% 13.83% 20.64% 21.58% 19.10% 16.15% 16.16% 17.16% 17.93% 19.00% 24.46% 23.87% 23.56% 17.55% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 9.69% 10.95% 17.14% 17.45% 18.20% 19.62% 21.06% 17.48% 17.86% 18.31% 17.72% 17.21% 17.22% 18.56% 20.05% 21.40% 17.79% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 4.22% 4.35% 5 Yr Med 5 Yr Cl 4.98% 5.78% 5 Yr Med Payout 59.27% 18.24% 17.16% 1.63% <-IRR #YR-> 5 Dividends 8.43%
* Dividends per share  10 Yr Med and Cur. 54.91% 50.19% 5 Yr Med and Cur. 31.19% 12.99% Last Div Inc ---> $0.220 $0.225 2.27% 4.49% <-IRR #YR-> 10 Dividends 24.14%
Dividends Growth 15 2.49% <-IRR #YR-> 15 Dividends 190.32%
Dividends Growth 20 9.75% <-IRR #YR-> 20 Dividends 542.86%
Dividends Growth 25 10.17% <-IRR #YR-> 25 Dividends 1025.00%
Dividends Growth 30 8.89% <-IRR #YR-> 30 Dividends 1185.71%
Dividends Growth 5 -$0.83 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 5
Dividends Growth 10 -$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.90 Dividends Growth 30
Historical Dividends Historical High Div 6.99% Low Div 0.65% 10 Yr High 9.26% 10 Yr Low 2.90% Med Div 1.97% Close Div 2.29% Historical Dividends
High/Ave/Median Values Curr diff Exp. -6.50%     905.53% Exp. -29.42% 125.38% Cheap 231.77% Cheap 185.90% High/Ave/Median 
Future Dividend Yield Div Yd 7.09% earning in 5 Years at IRR of 1.63% Div Inc. 8.43% Future Dividend Yield
Future Dividend Yield Div Yd 7.68% earning in 10 Years at IRR of 1.63% Div Inc. 17.58% Future Dividend Yield
Future Dividend Yield Div Yd 8.33% earning in 15 Years at IRR of 1.63% Div Inc. 27.50% Future Dividend Yield
Future Dividend Paid Div Paid $0.98 earning in 5 Years at IRR of 1.63% Div Inc. 8.43% Future Dividend Paid
Future Dividend Paid Div Paid $1.06 earning in 10 Years at IRR of 1.63% Div Inc. 17.58% Future Dividend Paid
Future Dividend Paid Div Paid $1.15 earning in 15 Years at IRR of 1.63% Div Inc. 27.50% Future Dividend Paid
Dividend Covering Cost Total Div $4.65 over 5 Years at IRR of 1.63% Div Cov. 33.76% Dividend Covering Cost
Dividend Covering Cost Total Div $8.71 over 10 Years at IRR of 1.63% Div Cov. 63.29% Dividend Covering Cost
Dividend Covering Cost Total Div $13.12 over 15 Years at IRR of 1.63% Div Cov. 95.30% Dividend Covering Cost
I am earning GC Div Gr 32.35% 1/27/15 # yrs -> 9 2015 $15.52 Cap Gain -11.28% I am earning GC
I am earning Div org yield 4.38% 10/31/24 TFSA Div G Yrly 2.91% Div start $0.68 -4.38% 5.80% I am earning Div
Yield if held 5 years 2.53% 2.71% 3.69% 7.07% 4.94% 5.26% 7.42% 6.40% 5.71% 5.10% 4.77% 3.91% 4.12% 5.03% 7.49% 4.34% 5.18% <-Median-> 10 Paid Median Price
Yield if held 10 years 4.83% 3.57% 3.06% 2.50% 2.82% 3.74% 3.73% 5.28% 9.84% 6.60% 6.53% 8.51% 6.94% 5.91% 5.13% 4.77% 5.91% <-Median-> 10 Paid Median Price
Yield if held 15 years 9.22% 10.29% 8.15% 7.58% 7.39% 7.14% 4.91% 4.39% 3.47% 3.77% 4.64% 4.28% 5.73% 10.18% 6.64% 6.53% 4.78% <-Median-> 10 Paid Median Price
Yield if held 20 years 23.47% 16.46% 11.82% 13.60% 15.30% 13.64% 14.17% 11.67% 10.56% 9.87% 8.87% 5.63% 4.76% 3.59% 3.79% 4.64% 11.11% <-Median-> 10 Paid Median Price
Yield if held 25 years 20.17% 21.55% 34.58% 34.73% 22.67% 16.91% 18.93% 20.43% 16.93% 16.25% 12.65% 10.92% 9.93% 8.87% 19.68% <-Median-> 10 Paid Median Price
Yield if held 30 years 28.87% 30.00% 46.19% 43.11% 25.99% 18.34% 19.59% 20.55% 16.93% 29.43% <-Median-> 6 Paid Median Price
Yield if held 35 years 31.30% 31.03% 46.45% 43.11% 31.30% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 8.99% 9.70% 21.06% 40.89% 29.03% 30.27% 41.45% 28.02% 25.46% 23.40% 22.69% 19.10% 20.43% 25.10% 37.47% 21.69% 26.74% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 25.96% 19.30% 23.91% 19.88% 22.92% 30.49% 30.54% 44.18% 84.79% 59.31% 61.34% 82.99% 62.43% 54.95% 49.05% 46.54% 51.75% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 57.48% 64.35% 71.19% 68.08% 68.17% 67.04% 46.73% 43.12% 35.38% 40.22% 52.55% 51.44% 72.58% 135.63% 92.51% 94.01% 51.99% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 158.32% 111.91% 109.73% 129.49% 149.77% 135.94% 143.50% 122.28% 115.17% 113.46% 109.21% 74.23% 66.71% 53.32% 59.19% 75.75% 118.72% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 189.74% 209.66% 348.39% 358.08% 238.56% 183.80% 213.93% 243.49% 216.46% 222.83% 185.03% 169.72% 163.10% 153.55% 219.65% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 316.17% 343.45% 560.26% 563.11% 365.49% 274.78% 311.75% 346.23% 301.13% 354.47% <-Median-> 6 Paid Median Price
Cost covered if held 35 years 471.48% 498.45% 792.52% 778.68% 471.48% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $2,623.5 $3,038.8 $2,574.9 $2,643.4 $2,956.1 $2,940.6 $2,925.6 <-12 mths -0.51% 12.09% <-Total Growth 5 Revenue Growth  12.09%
AEPS Growth $2.91 $2.52 $2.61 $2.37 $2.19 $2.03 $2.16 <-12 mths 6.40% -30.24% <-Total Growth 5 AEPS Growth -30.24%
Net Income Growth $213.4 $166.1 $131.7 $130.6 $141.2 $85.8 $97.8 <-12 mths 13.99% -59.79% <-Total Growth 5 Net Income Growth -59.79%
Cash Flow Growth $312.5 $431.6 $427.0 $315.3 $220.8 $472.3 51.14% <-Total Growth 5 Cash Flow Growth 51.14%
Dividend Growth $0.83 $0.87 $0.90 $0.90 $0.90 $0.90 $0.90 <-12 mths 0.00% 8.43% <-Total Growth 5 Dividend Growth 8.43%
Stock Price Growth $21.67 $15.04 $15.78 $19.60 $15.55 $10.21 $13.77 <-12 mths 34.87% -52.88% <-Total Growth 5 Stock Price Growth -52.88%
Revenue Growth  $2,110.1 $2,069.4 $2,002.2 $2,019.5 $2,007.2 $2,623.5 $3,038.8 $2,574.9 $2,643.4 $2,956.1 $2,940.6 $2,920.0 <-this year -0.70% 39.36% <-Total Growth 10 Revenue Growth  39.36%
AEPS Growth $2.02 $2.16 $2.39 $2.53 $2.61 $2.91 $2.52 $2.61 $2.37 $2.19 $2.03 $2.07 <-this year 1.97% 0.50% <-Total Growth 10 AEPS Growth 0.50%
Net Income Growth -$14.5 $105.1 $262.6 $146.3 $211.5 $213.4 $166.1 $131.7 $130.6 $141.2 $85.8 $106.0 <-this year 23.54% 691.72% <-Total Growth 10 Net Income Growth 691.72%
Cash Flow Growth $416.2 $334.8 $288.6 $273.3 $324.1 $312.5 $431.6 $427.0 $315.3 $220.8 $472.3 $318.8 <-this year -32.51% 13.48% <-Total Growth 10 Cash Flow Growth 13.48%
Dividend Growth $0.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $0.90 $0.91 <-this year 1.11% 55.17% <-Total Growth 10 Dividend Growth 55.17%
Stock Price Growth $16.65 $15.20 $20.15 $17.94 $28.64 $21.67 $15.04 $15.78 $19.60 $15.55 $10.21 $13.77 <-this year 34.87% -38.68% <-Total Growth 10 Stock Price Growth -38.68%
Dividends on Shares $43.13 $46.23 $50.03 $54.17 $57.27 $60.03 $61.76 $62.10 $62.10 $62.10 $62.10 $62.10 $62.10 $558.90 No of Years 10 Total Divs 12/31/13
Paid  $1,008.78 $1,142.64 $1,190.94 $1,531.11 $1,713.96 $1,331.70 $1,095.03 $1,415.19 $1,401.39 $1,054.32 $945.30 $950.13 $950.13 $950.13 $945.30 No of Years 10 Worth $14.62
$1,504.20 Total
Graham No. AEPS $26.16 $20.56 $20.45 $22.21 $26.44 $28.12 $30.38 $30.23 $33.09 $34.20 $32.83 $32.67 $31.66 $31.97 $32.58 $31.51 54.80% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 0.53 0.51 0.63 0.69 0.66 0.67 0.76 0.72 0.54 0.35 0.63 0.55 0.43 0.38 0.00 0.65 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.66 0.64 0.81 0.77 0.78 0.77 0.94 0.78 0.68 0.42 0.79 0.65 0.54 0.44 0.00 0.77 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.40 0.39 0.45 0.61 0.55 0.57 0.57 0.67 0.40 0.28 0.47 0.45 0.32 0.32 0.00 0.51 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.49 0.50 0.81 0.68 0.76 0.64 0.94 0.72 0.45 0.46 0.60 0.48 0.32 0.43 0.42 0.44 0.62 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -51.45% -49.91% -18.60% -31.57% -23.79% -36.19% -5.72% -28.31% -54.55% -53.86% -40.30% -52.40% -67.75% -56.93% -57.74% -56.29% -38.25% <-Median-> 10 Graham Price
Graham No. EPS $18.12 $14.81 $14.10 $17.50 $31.30 $24.24 $31.07 $28.02 $28.74 $26.01 $26.12 $28.18 $22.11 $31.97 $32.58 $33.19 56.81% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.76 0.71 0.92 0.87 0.56 0.78 0.74 0.78 0.62 0.46 0.79 0.64 0.62 0.38 0.00 0.69 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.95 0.89 1.18 0.97 0.66 0.89 0.92 0.84 0.78 0.55 0.99 0.76 0.77 0.44 0.00 0.81 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.57 0.54 0.66 0.77 0.46 0.66 0.56 0.72 0.46 0.37 0.60 0.52 0.46 0.32 0.00 0.54 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.70 0.70 1.18 0.87 0.64 0.74 0.92 0.77 0.52 0.61 0.75 0.55 0.46 0.43 0.42 0.41 0.69 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -29.93% -30.47% 18.08% -13.12% -35.63% -25.98% -7.82% -22.65% -47.66% -39.34% -24.96% -44.83% -53.82% -56.93% -57.74% -58.51% -30.80% <-Median-> 10 Graham Price
Month, Year Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 30.00 <Count Years> Month, Year
pre-split 03
Price Close $12.61 $11.15 $14.62 $16.56 $17.26 $22.19 $24.84 $19.30 $15.87 $20.51 $20.31 $15.28 $13.70 $13.77 $13.77 $13.77 -6.29% <-Total Growth 10 Stock Price
Increase -21.19% -11.58% 31.12% 13.27% 4.23% 28.56% 11.94% -22.30% -17.77% 29.24% -0.98% -24.77% -10.34% 0.51% 0.00% 0.00% 15.99 <-Median-> 10 CAPE (10 Yr P/E)
P/E  13.14 -4.91 -76.95 12.36 5.15 11.80 9.10 7.72 8.35 13.58 13.54 9.37 13.84 6.65 6.40 6.17 -6.62% <-IRR #YR-> 5 Stock Price -29.02%
Trailing P/E 6.12 11.61 -6.44 -87.16 12.88 6.62 13.21 7.07 6.35 10.79 13.45 10.19 8.40 13.91 6.65 6.40 -0.65% <-IRR #YR-> 10 Stock Price -6.29%
CAPE (10 Yr P/E) 11.37 15.13 26.20 30.22 23.71 29.16 27.85 17.02 11.13 14.96 14.25 8.42 7.09 6.86 7.30 7.30 -1.33% <-IRR #YR-> 5 Price & Dividend -1.58%
Median 10, 5 Yrs D.  per yr 5.60% 5.29% % Tot Ret 113.09% -397.37% T P/E 9.30 10.19 P/E:  10.59 13.54 4.95% <-IRR #YR-> 10 Price & Dividend 59.92%
Price  15 D.  per yr 6.30% % Tot Ret 74.51% CAPE Diff -58.40% 2.16% <-IRR #YR-> 15 Stock Price 37.69%
Price  20 D.  per yr 3.33% % Tot Ret 591.01% -2.76% <-IRR #YR-> 20 Stock Price -42.92%
Price  25 D.  per yr 4.14% % Tot Ret 63.07% 2.42% <-IRR #YR-> 25 Stock Price 81.94%
Price  30 D.  per yr 3.87% % Tot Ret 51.86% 3.59% <-IRR #YR-> 30 Stock Price 188.42%
Price  35 D.  per yr 3.87% % Tot Ret 41.75% 5.40% <-IRR #YR-> 35 Stock Price
Price & Dividend 15 8.45% <-IRR #YR-> 15 Price & Dividend 155.48%
Price & Dividend 20 0.56% <-IRR #YR-> 20 Price & Dividend 10.27%
Price & Dividend 25 6.56% <-IRR #YR-> 25 Price & Dividend 257.84%
Price & Dividend 30 7.47% <-IRR #YR-> 30 Price & Dividend 473.79%
Price & Dividend 35 9.27% <-IRR #YR-> 35 Price & Dividend
Price  5 -$19.30 $0.00 $0.00 $0.00 $0.00 $13.70 Price  5
Price 10 -$14.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price 10
Price & Dividend 5 -$19.30 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 5
Price & Dividend 10 -$14.62 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70 Price  35
Price & Dividend 15 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 15
Price & Dividend 20 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 20
Price & Dividend 25 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 25
Price & Dividend 30 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 30
Price & Dividend 35 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.60 Price & Dividend 35
Month, Year Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Oct-26 123.84 <Count Years> Month, Year
pre-split 03
Price Close $12.70 $10.30 $16.65 $15.20 $20.15 $17.94 $28.64 $21.67 $15.04 $15.78 $19.60 $15.55 $10.21 $13.77 $13.77 $13.77 -38.68% <-Total Growth 10 Stock Price
Increase -17.05% -18.90% 61.65% -8.71% 32.57% -10.97% 59.64% -24.34% -30.60% 4.92% 24.21% -20.66% -34.34% 34.87% 0.00% 0.00% 16.43 <-Median-> 10 CAPE (10 Yr P/E)
P/E (Adjusted EPS) 13.23 -4.54 -87.63 11.34 6.01 9.54 10.49 8.67 7.92 10.45 13.07 9.54 10.31 6.65 6.40 6.17 -13.97% <-IRR #YR-> 5 Stock Price -52.88%
Trailing P/E 6.17 10.73 -7.33 -80.00 15.04 5.36 15.23 7.94 6.02 8.31 12.98 10.37 6.26 13.91 6.65 6.40 -4.77% <-IRR #YR-> 10 Stock Price -38.68%
CAPE (10 Yr P/E) 11.45 13.98 29.84 27.74 27.68 23.57 32.11 19.11 10.55 11.51 13.75 8.57 5.28 6.86 7.30 7.30 -8.38% <-IRR #YR-> 5 Price & Dividend -28.45%
Median 10, 5 Yrs D.  per yr 5.95% 5.60% % Tot Ret 505% -66.79% T P/E 8.12 8.31 P/E:  9.93 10.31 1.18% <-IRR #YR-> 10 Price & Dividend 19.46%
Price  15 D.  per yr 6.48% % Tot Ret 118.96% CAPE Diff -59.52% -1.03% <-IRR #YR-> 15 Stock Price -14.42%
Price  20 D.  per yr 4.03% % Tot Ret 1154.07% -3.68% <-IRR #YR-> 20 Stock Price -52.73%
Price  25 D.  per yr 5.10% % Tot Ret 71.99% 1.98% <-IRR #YR-> 25 Stock Price 63.36%
Price  30 D.  per yr 4.17% % Tot Ret 68.33% 1.93% <-IRR #YR-> 30 Stock Price 77.57%
Price  35 D.  per yr 4.42% % Tot Ret 49.48% 4.52% <-IRR #YR-> 35 Stock Price
Price & Dividend 15 5.45% <-IRR #YR-> 15 Price & Dividend -14.42%
Price & Dividend 20 0.35% <-IRR #YR-> 20 Price & Dividend -52.73%
Price & Dividend 25 7.08% <-IRR #YR-> 25 Price & Dividend 63.36%
Price & Dividend 30 6.10% <-IRR #YR-> 30 Price & Dividend 313.30%
Price & Dividend 35 8.94% <-IRR #YR-> 35 Price & Dividend
Price  5 -$21.67 $0.00 $0.00 $0.00 $0.00 $10.21 Price  5
Price 10 -$16.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price 10
Price & Dividend 5 -$21.67 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 5
Price & Dividend 10 -$16.65 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21 Price  35
Price & Dividend 15 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 15
Price & Dividend 20 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 20
Price & Dividend 25 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 25
Price & Dividend 30 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 30
Price & Dividend 35 $0.49 $0.57 $1.58 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.11 Price & Dividend 35
Price H/L Median $13.78 $10.58 $12.98 $15.24 $17.55 $18.87 $23.01 $21.86 $17.91 $12.01 $20.75 $18.07 $13.61 $12.24 4.86% <-Total Growth 10 Stock Price
Increase 1.62% -23.19% 22.64% 17.46% 15.12% 7.52% 21.97% -5.02% -18.05% -32.94% 72.77% -12.94% -24.69% -10.07% 0.48% <-IRR #YR-> 10 Stock Price 4.86%
P/E 14.35 -4.66 -68.29 11.37 5.24 10.03 8.43 8.74 9.43 7.95 13.83 11.08 13.74 5.91 -9.04% <-IRR #YR-> 5 Stock Price -37.75%
Trailing P/E 6.69 11.02 -5.72 -80.21 13.09 5.63 12.24 8.01 7.16 6.32 13.74 12.04 8.35 12.36 6.47% <-IRR #YR-> 10 Price & Dividend 79.46%
P/E on Run. 5 yr Ave 19.68 -278.42 -141.03 40.11 27.50 22.95 12.63 9.26 7.25 5.71 10.23 9.99 9.03 7.94 -4.11% <-IRR #YR-> 5 Price & Dividend -13.52%
P/E on Run. 10 yr Ave 12.42 14.36 23.25 27.81 24.10 24.79 25.80 19.27 12.56 8.76 14.56 9.95 7.04 6.10 13.12 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 6.00% 4.94% % Tot Ret 92.66% -120.19% T P/E 8.18 8.35 P/E:  9.73 11.08 Count 35 Years of data
-$12.98 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.61
-$21.86 $0.00 $0.00 $0.00 $0.00 $13.61
-$12.98 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $14.51
-$21.86 $0.87 $0.90 $0.90 $0.90 $14.51
High Months Jan 11 Mar 12 Oct 13 Nov 13 Oct 15 Nov 15 Oct 17 Jun 18 Nov 18 Feb 20 Aug 21 Feb 22 Dec 22 Jan 24
pre-split 03
Price High $17.15 $13.14 $16.65 $17.04 $20.58 $21.63 $28.64 $23.55 $22.46 $14.41 $25.92 $21.38 $17.00 $14.22 2.10% <-Total Growth 10 Stock Price
Increase 11.00% -23.38% 26.71% 2.34% 20.77% 5.10% 32.41% -17.77% -4.63% -35.84% 79.88% -17.52% -20.49% -16.35% 0.21% <-IRR #YR-> 10 Stock Price 2.10%
P/E  17.86 -5.79 -87.63 12.72 6.14 11.51 10.49 9.42 11.82 9.54 17.28 13.12 17.17 6.87 -6.31% <-IRR #YR-> 5 Stock Price -27.81%
Trailing P/E 8.33 13.69 -7.33 -89.68 15.36 6.46 15.23 8.63 8.98 7.58 17.17 14.25 10.43 14.36 15.38 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 9.71 10.43 P/E:  11.66 13.12 20.81 P/E Ratio Historical High
-$16.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.00
-$23.55 $0.00 $0.00 $0.00 $0.00 $17.00
Low Months Oct 11 Sep 12 Nov 12 Oct 14 Dec 14 Jan 16 Nov 16 Oct 18 Jul 19 Mar 20 Nov 21 May 22 Oct 23 Nov 23
pre-split 03
Price Low $10.40 $8.02 $9.30 $13.44 $14.51 $16.10 $17.38 $20.16 $13.36 $9.61 $15.58 $14.75 $10.21 $10.25 9.78% <-Total Growth 10 Stock Price
Increase -10.81% -22.88% 15.96% 44.52% 7.96% 10.96% 7.95% 16.00% -33.73% -28.07% 62.12% -5.33% -30.78% 0.39% 0.94% <-IRR #YR-> 10 Stock Price 9.78%
P/E  10.83 -3.53 -48.95 10.03 4.33 8.56 6.37 8.06 7.03 6.36 10.39 9.05 10.31 4.95 -12.72% <-IRR #YR-> 5 Stock Price -49.36%
Trailing P/E 5.05 8.35 -4.10 -70.74 10.83 4.81 9.24 7.38 5.34 5.06 10.32 9.83 6.26 10.35 10.26 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 6.82 6.26 P/E:  8.31 9.05 6.63 P/E Ratio Historical Low
-$9.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.21
-$20.16 $0.00 $0.00 $0.00 $0.00 $10.21
Differece between Class A, B 1.93% -4.46% 0.36% 0.33% 0.64% -0.11% -1.20% -4.48% 2.02% 0.69% -0.72% 4.19% 4.40% -2.84% -2.84% -2.84% Cl B higher lower
Month, Year Class B Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Oct-26
pre-split 03
Price Close $12.95 $9.86 $16.71 $15.25 $20.28 $17.92 $28.30 $20.74 $15.35 $15.89 $19.46 $16.23 $10.68 $13.39 $13.39 $13.39 -36.09% <-Total Growth 10 Stock Price
Increase -16.51% -23.86% 69.47% -8.74% 32.98% -11.64% 57.92% -26.71% -25.99% 3.52% 22.47% -16.60% -34.20% 25.37% 0.00% 0.00% -4.38% <-IRR #YR-> 10 Stock Price -36.09%
P/E  13.49 -4.34 -87.95 11.38 6.05 9.53 10.37 8.30 8.08 10.52 12.97 9.96 10.79 6.47 6.23 6.00 -12.43% <-IRR #YR-> 5 Stock Price -48.51%
Trailing P/E 6.29 10.27 -7.36 -80.26 15.13 5.35 15.05 7.60 6.14 8.36 12.89 10.82 6.55 13.53 6.47 6.23 1.44% <-IRR #YR-> 10 Price & Dividend 21.84%
Median 10, 5 Yrs D.  per yr 5.82% 5.63% % Tot Ret 403% -82.69% T P/E 7.98 8.36 P/E:  10.16 10.52 -6.80% <-IRR #YR-> 5 Price & Dividend -22.97%
-$16.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.68
-$20.74 $0.00 $0.00 $0.00 $0.00 $10.68
-$16.71 $0.63 $0.67 $0.73 $0.79 $0.83 $0.87 $0.90 $0.90 $0.90 $11.58
-$20.74 $0.87 $0.90 $0.90 $0.90 $11.58
Free Cash Flow WSJ $274.70 $221.50 $263.50 $305.20 $168.00 $69.00 $277.50 1.02% <-Total Growth 6 Free Cash Flow WSJ
Change -19.37% 18.96% 15.83% -44.95% -58.93% 302.17% -$0.02 <-Median-> 6 Change
Free Cash Flow MS $274 $171 $342 $276 $202 $197 $275 $233 $306 $330 $177 $78 $295 $207 $225 $209 -13.74% <-Total Growth 10 Free Cash Flow MS MS
Change 1857.14% -37.59% 100.00% -19.30% -26.81% -2.48% 39.59% -15.27% 31.33% 7.84% -46.36% -55.93% 278.21% -29.83% 8.70% 4.83% <-IRR #YR-> 5 Free Cash Flow MS 26.61%
FCF/CF from Op Ratio 0.89 0.74 0.82 0.82 0.70 0.72 0.85 0.75 0.71 0.77 0.56 0.35 0.62 0.65 0.69 -1.47% <-IRR #YR-> 10 Free Cash Flow MS -13.74%
Dividends paid $39.7 $46.0 $123.1 $48.8 $52.3 $56.2 $60.9 $68.6 $76.9 $77.9 $78.3 $78.1 $78.0 $78.0 $78.0 -36.64% <-Total Growth 10 Dividends paid WSJ Disag
Percentage paid 14.49% 26.90% 35.99% 17.68% 25.89% 28.53% 22.15% 29.44% 25.13% 23.61% 44.24% 100.13% 26.44% 37.66% 34.65% $0.26 <-Median-> 10 Percentage paid not greatly
5 Year Coverage 26.55% 24.50% 27.47% 26.42% 24.24% 25.96% 25.39% 27.45% 33.79% 32.82% 35.90% 39.75% 5 Year Coevrage
Dividend Coverage Ratio 6.90 3.72 2.78 5.66 3.86 3.51 4.52 3.40 3.98 4.24 2.26 1.00 3.78 2.66 2.89 3.82 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 3.77 4.08 3.64 3.79 4.12 3.85 3.94 3.64 2.96 3.05 2.79 2.52 5 Year of Coverage
-$233 $0 $0 $0 $0 $295
-$342 $0 $0 $0 $0 $0 $0 $0 $0 $0 $295
Market Cap $1,029.0 $814.3 $1,299.1 $1,185.9 $1,575.1 $1,380.7 $2,221.1 $1,892.7 $1,313.6 $1,373.3 $1,705.7 $1,347.0 $884.4 $1,192.8 $1,192.8 $1,192.8 -31.92% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 81.1 80.7 78.0 78.2 78.6 77.8 77.5 82.6 87.4 87.1 87.0 86.8 86.6 86.6 11.03% <-Total Growth 10 Diluted
Change 0.25% -0.49% -3.35% 0.26% 0.51% -1.02% -0.39% 6.58% 5.81% -0.34% -0.11% -0.23% -0.23% 0.00% -0.17% <-Median-> 10 Change
Difference Diluted/Basic -0.1% 0.0% 0.0% -0.3% -0.6% -0.3% -0.3% -0.1% -0.1% 0.0% 0.0% 0.0% 0.0% 0.0% -0.12% <-Median-> 10 Difference Diluted/Basic
Average # of Shares in Million 81.0 80.7 78.0 78.0 78.1 77.6 77.3 82.5 87.3 87.1 87.0 86.8 86.6 86.6 11.03% <-Total Growth 10 Basic
Change 0.25% -0.37% -3.35% 0.00% 0.13% -0.64% -0.39% 6.73% 5.82% -0.23% -0.11% -0.23% -0.23% 0.00% -0.17% <-Median-> 10 Change
Difference Basic/Outstanding 0.0% -2.0% 0.0% 0.0% 0.1% -0.8% 0.3% 5.9% 0.0% -0.1% 0.0% -0.2% 0.0% 0.0% 0.03% <-Median-> 10 Difference Basic/Outstanding
pre-split 03 Class B changing into Class A Shares
Class A 65.87 64.06 63.19 63.19 63.36 62.89 63.57 73.36 73.36 73.05 73.11 72.71 73.26 73.26 73.26 73.26 15.94% <-Total Growth 10 Class A
Class B 15.15 15.01 14.83 14.83 14.81 14.07 13.99 13.98 13.98 13.98 13.91 13.91 13.36 13.36 13.36 13.36 -9.90% <-Total Growth 10 Class B
# of Share in M 81.02 79.06 78.02 78.02 78.17 76.96 77.55 87.34 87.34 87.03 87.02 86.62 86.62 86.62 86.62 86.62 1.05% <-IRR #YR-> 10 Shares 11.03%
Change 0.28% -2.42% -1.32% 0.00% 0.19% -1.55% 0.77% 12.62% 0.00% -0.36% 0.00% -0.46% 0.00% 0.00% 0.00% 0.00% -0.16% <-IRR #YR-> 5 Shares -0.82%
CF fr Op $Millon $308.1 $229.9 $416.2 $334.8 $288.6 $273.3 $324.1 $312.5 $431.6 $427.0 $315.3 $220.8 $472.3 $318.8 $326.6 $330.9 13.48% <-Total Growth 10 Cash Flow
Increase 87.64% -25.38% 81.04% -19.56% -13.80% -5.30% 18.59% -3.58% 38.11% -1.07% -26.16% -29.97% 113.90% -32.51% 2.45% 1.33% SO,  Buy Backs Conv B to A.
5 year Running Average $215.2 $213.0 $239.4 $290.6 $315.5 $308.6 $327.4 $306.7 $326.0 $353.7 $362.1 $341.4 $373.4 $350.8 $330.8 $333.9 55.95% <-Total Growth 10 CF 5 Yr Running
CFPS $3.80 $2.91 $5.33 $4.29 $3.69 $3.55 $4.18 $3.58 $4.94 $4.91 $3.62 $2.55 $5.45 $3.68 $3.77 $3.82 2.21% <-Total Growth 10 Cash Flow per Share
Increase 87.11% -23.53% 83.45% -19.56% -13.96% -3.81% 17.68% -14.38% 38.11% -0.71% -26.16% -29.65% 113.90% -32.51% 2.45% 1.33% 1.27% <-IRR #YR-> 10 Cash Flow 13.48%
5 year Running Average $2.64 $2.65 $3.01 $3.67 $4.01 $3.96 $4.21 $3.86 $3.99 $4.23 $4.25 $3.92 $4.29 $4.04 $3.81 $3.85 8.61% <-IRR #YR-> 5 Cash Flow 51.14%
P/CF on Med Price 3.62 3.64 2.43 3.55 4.75 5.31 5.51 6.11 3.62 2.45 5.73 7.09 2.50 3.32 0.00 0.00 0.22% <-IRR #YR-> 10 Cash Flow per Share 2.21%
P/CF on Closing Price 3.34 3.54 3.12 3.54 5.46 5.05 6.85 6.06 3.04 3.22 5.41 6.10 1.87 3.74 3.65 3.60 8.79% <-IRR #YR-> 5 Cash Flow per Share 52.39%
-25.64% Diff M/C 3.62% <-IRR #YR-> 10 CFPS 5 yr Running 42.65%
Excl.Working Capital CF $6.3 $91.8 -$75.6 $13.2 $90.2 -$3.0 -$42.0 $67.0 $39.0 $55.0 $141.0 $214.0 -$62.0 $0.0 $0.0 $0.0 2.17% <-IRR #YR-> 5 CFPS 5 yr Running 11.31%
CF fr Op $M WC $314.4 $321.7 $340.6 $348.0 $378.8 $270.3 $282.1 $379.5 $470.6 $482.0 $456.3 $434.8 $410.3 $318.8 $326.6 $330.9 20.46% <-Total Growth 10 Cash Flow less WC
Increase -1.13% 2.32% 5.88% 2.17% 8.85% -28.64% 4.37% 34.53% 24.01% 2.42% -5.33% -4.71% -5.63% -22.31% 2.45% 1.33% 1.88% <-IRR #YR-> 10 Cash Flow less WC 20.46%
5 year Running Average $293.2 $299.7 $308.4 $328.5 $340.7 $331.9 $324.0 $331.7 $356.3 $376.9 $414.1 $444.6 $450.8 $420.4 $389.4 $364.3 1.57% <-IRR #YR-> 5 Cash Flow less WC 8.12%
CFPS Excl. WC $3.88 $4.07 $4.37 $4.46 $4.85 $3.51 $3.64 $4.35 $5.39 $5.54 $5.24 $5.02 $4.74 $3.68 $3.77 $3.82 3.87% <-IRR #YR-> 10 CF less WC 5 Yr Run 46.15%
Increase -1.41% 4.86% 7.29% 2.17% 8.64% -27.52% 3.57% 19.45% 24.01% 2.79% -5.33% -4.27% -5.63% -22.31% 2.45% 1.33% 6.33% <-IRR #YR-> 5 CF less WC 5 Yr Run 35.89%
5 year Running Average $3.60 $3.72 $3.86 $4.14 $4.32 $4.25 $4.16 $4.16 $4.35 $4.48 $4.83 $5.11 $5.19 $4.84 $4.49 $4.21 0.82% <-IRR #YR-> 10 CFPS - Less WC 8.50%
P/CF on Med Price 3.55 2.60 2.97 3.42 3.62 5.37 6.33 5.03 3.32 2.17 3.96 3.60 2.87 3.32 0.00 0.00 1.74% <-IRR #YR-> 5 CFPS - Less WC 9.01%
P/CF on Closing Price 3.27 2.53 3.81 3.41 4.16 5.11 7.87 4.99 2.79 2.85 3.74 3.10 2.16 3.74 3.65 3.60 2.99% <-IRR #YR-> 10 CFPS 5 yr Running 34.23%
*Operational Cash Flow per share CF/CF-WC P/CF Med 10 yr 5.03 5 yr  3.62 P/CF Med 10 yr 3.61 5 yr  3.32 3.66% Diff M/C 4.50% <-IRR #YR-> 5 CFPS 5 yr Running 24.64%
-78.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 86.6 Shares
-87.3 0.0 0.0 0.0 0.0 86.6 Shares
-$416.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $472.3 Cash Flow
-$312.5 $0.0 $0.0 $0.0 $0.0 $472.3 Cash Flow
-$5.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.45 Cash Flow per Share
-$3.58 $0.00 $0.00 $0.00 $0.00 $5.45 Cash Flow per Share
-$3.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.29 CFPS 5 yr Running
-$3.86 $0.00 $0.00 $0.00 $0.00 $4.29 CFPS 5 yr Running
-$340.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $410.3 Cash Flow less WC
-$379.5 $0.0 $0.0 $0.0 $0.0 $410.3 Cash Flow less WC
-$308.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $450.8 CF less WC 5 Yr Run
-$331.7 $0.0 $0.0 $0.0 $0.0 $450.8 CF less WC 5 Yr Run
-$4.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.74 CFPS - Less WC
-$4.35 $0.00 $0.00 $0.00 $0.00 $4.74 CFPS - Less WC
-$3.86 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.19 5 yr Running Average
-$4.16 $0.00 $0.00 $0.00 $0.00 $5.19 5 yr Running Average
Changes in non-cash operating items $88.20 -$9.30
Accts Rec $7.50 -$1.00 $28.4 $14.9 $47.0 $39.8 -$47.9 -$42.7 $66.4
Inventories -$0.50 $9.80 $0.3 -$3.6 $6.5 -$16.1 -$73.5 -$78.7 $93.8
Prepaid Exp and Other assets -$2.00 $1.90 -$0.6 -$1.0 $3.5 $0.9 -$0.1 $2.6 $0.1
Accts Pay and accrued liab. $23.00 -$35.50 -$0.3 -$99.4 -$24.5 -$19.6 $45.0 -$7.5 -$50.1
Provision -$13.90 -$3.20 -$5.7 -$4.4 $8.0 -$6.9 -$7.3 -$0.8
Deferred Revenues and deposits -$37.10 -$15.30 -$49.9 -$90.1 -$18.8 -$3.0 $1.2 -$3.3 -$1.5
Defined Benefit Plan -$4.30 -$5.00 -$3.2 -$1.2 -$1.2 $0.1 $0.8 $0.9 $2.1
Impairment o assets
Income Tax $51.10 $73.1 -$41.9 -$59.5 -$49.8 -$59.4 -$84.9 -$48.4
Net Earnings from discontinuedf bus
Income taxes paid -$12.60 -$3.90 -$62.90
                     
Sum $75.60 -$13.20 -$90.20 $2.80 $42.1 -$226.7 -$39.0 -$54.6 -$141.2 -$214.4 $62.4
TD Bank $76 -$13 -$90 $3 $42 -$67 -$39 -$55 -$141 -$214 $62 Accting chges in 2019
Net $0 $0 $0 $0 $0 -$160 $0 $0 $0 $0 $0
TD Bank 2020 -$12 -$123 -$87 -$227
Net Diff -$78 $126 $129 $0
OPM 15.08% 10.88% 19.72% 16.18% 14.41% 13.53% 16.15% 11.91% 14.20% 16.58% 11.93% 7.47% 16.06% 10.92% -18.57% <-Total Growth 10 OPM
Increase 92.04% -27.80% 81.21% -17.98% -10.91% -6.11% 19.31% -26.23% 19.24% 16.76% -28.07% -37.38% 115.03% -32.03% Should increase  or be stable.
Diff from Median 5.37% -23.93% 37.85% 13.07% 0.74% -5.42% 12.85% -16.75% -0.74% 15.90% -16.64% -47.80% 12.25% -23.70% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 14.31% 5 Yrs 14.20% should be  zero, it is a   check on calculations
$456 <-12 mths 2.24%
EBITDA $476.0 $499.0 $455.0 $447.0 $446.0 $445 $451 $455 EBITDA Fr Markt Sc
Change 4.83% -8.82% -1.76% -0.22% -0.22% 1.35% 0.89% Change
Margin 15.66% 19.38% 17.21% 15.12% 15.17% 15.24% 15.47% 15.92% Margin
Long Term Debt $347.7 $347.9 $348.3 $1,209.8 $1,381.9 $790.4 $778.2 $979.3 $937.8 $937.8 Debt Type
Change 0.06% 0.11% 247.34% 14.23% -42.80% -1.54% 25.84% -4.24% 0.00% 0.09% <-Median-> 8 Change Lg Term R
Debt/Market Cap Ratio 0.22 0.25 0.16 0.64 1.05 0.58 0.46 0.73 1.06 0.79 0.58 <-Median-> 9 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 4.61 5.22 5.85 2.98 5.27 5.31 5.22 6.95 7.03 7.03 5.27 <-Median-> 9 Assets/Current Liab Ratio Liquidity
Current Liabilities/Asset Ratio 0.22 0.19 0.17 0.34 0.19 0.19 0.19 0.14 0.14 0.14 0.19 <-Median-> 9 Current Liab/Asset Ratio Liq. + CF
Debt to Cash Flow (Years) 1.20 1.27 1.07 3.87 3.20 1.85 2.47 4.44 1.99 2.94 1.99 <-Median-> 9 Debt to Cash Flow (Years) Debt Ratio
Leverage
Goodwill $679.2 $487.0 $325.7 $419.5 $495.5 $509.7 $505.0 $1,150.0 $1,145.3 $1,898.8 $1,086.6 $1,181.7 $1,194.9 $1,194.9 266.87% <-Total Growth 10 Goodwill D/E Ratio
Change -28.30% -33.12% 28.80% 18.12% 2.87% -0.92% 127.72% -0.41% 65.79% -42.77% 8.75% 1.12% 0.00% 5.81% <-Median-> 10 Change
Goodwill//Market Cap Ratio 0.66 0.60 0.25 0.35 0.31 0.37 0.23 0.61 0.87 1.38 0.64 0.88 1.35 1.00 0.62 <-Median-> 10 Intangible/Market Cap Ratio
Intangibles $149.6 $171.5 $194.2 $252.9 $257.5 $217.0 $171.1 $747.1 $686.2 $568.5 $513.0 $519.6 $447.1 $447.1 130.23% <-Total Growth 10 Intangibles
Goodwill $679.2 $487.0 $325.7 $419.5 $495.5 $509.7 $505.0 $1,150.0 $1,145.3 $1,898.8 $1,086.6 $1,181.7 $1,194.9 $1,194.9 266.87% <-Total Growth 10 Goodwill
Total $828.8 $658.5 $519.9 $672.4 $753.0 $726.7 $676.1 $1,897.1 $1,831.5 $2,467.3 $1,599.6 $1,701.3 $1,642.0 $1,642.0 215.83% <-Total Growth 10 Total
Change -20.55% -21.05% 29.33% 11.99% -3.49% -6.96% 180.59% -3.46% 34.71% -35.17% 6.36% -3.49% 0.00% 0.00% <-Median-> 11 Change
Intangible/Market Cap Ratio 0.81 0.81 0.40 0.57 0.48 0.53 0.30 1.00 1.39 1.80 0.94 1.26 1.86 1.38 1.00 <-Median-> 11 Intangible/Market Cap Ratio
Current Assets $644.60 $602.70 $560.1 $574.4 $579.3 $559.9 $780.2 $943.1 $1,068.8 $1,024.7 $1,125.5 $1,134.7 $1,100.4 $1,100.4 Liquidity ratio of 1.5 and up, best
Current Liabilities $643.60 $725.40 $571.9 $532.1 $458.4 $395.3 $365.3 $717.3 $717.3 $677.5 $692.3 $547.0 $526.3 $526.3 1.50 <-Median-> 10 Ratio
Liquidity 1.00 0.83 0.98 1.08 1.26 1.42 2.14 1.31 1.49 1.51 1.63 2.07 2.09 2.09 1.63 <-Median-> 5 Ratio
Liq. with CF aft div 1.42 1.09 1.63 1.62 1.78 1.97 2.86 1.65 1.99 2.03 1.97 2.34 2.84 2.55 2.03 <-Median-> 5 Liq. with CF aft div
Liq. CF re  Inv+Div  1.31 0.95 1.40 1.06 1.31 1.42 2.86 1.65 1.90 2.03 1.56 1.59 2.16 2.55 1.90 <-Median-> 5 Liq. CF re  Inv+Div 
Liq. with CF aft div (WC) 2.49 1.67 1.94 1.99 2.05 2.51 2.50 2.35 2.05 <-Median-> 5 Liq. with CF aft div (WC)
Liq. CF re  Inv+Div  2.77 1.61 1.73 1.77 1.43 1.53 1.65 2.43 1.65 <-Median-> 5 Liq. CF re  Inv+Div 
Curr Long Term Debt 0.00 $251.2 $1.2 $229.7 $187.3 $10.7 $2.1 2.10 10.70 <-Median-> 5 Curr Long Term Debt
Liquidity Less CLTD 2.14 2.02 1.49 2.29 2.23 2.12 2.10 2.10 2.12 <-Median-> 5 Liquidity Less CLTD
Liq. with CF aft div 2.86 1.30 1.98 1.69 1.70 2.32 2.84 2.54 1.98 <-Median-> 5 Liq. with CF aft div
Assets $2,453.6 $2,136.2 $1,859.3 $2,027.7 $2,113.5 $2,062.2 $2,136.7 $2,136.7 $3,781.8 $3,598.4 $3,612.9 $3,801.0 $3,700.3 $3,700.3 Debt Ratio of 1.5 and up, best
Liabilities $1,123.8 $1,234.8 $1,043.9 $1,234.6 $1,097.2 $993.5 $918.0 $918.0 $2,090.6 $1,859.8 $1,848.6 $1,919.9 $1,794.1 $1,794.1 1.97 <-Median-> 10 Ratio
Debt Ratio 2.18 1.73 1.78 1.64 1.93 2.08 2.33 2.33 1.81 1.93 1.95 1.98 2.06 2.06 1.95 <-Median-> 5 Ratio
Estimates BVPS $22.30 $22.70 $23.20 Estimates Estimates BVPS
Estimate Book Value $1,931.7 $1,966.4 $2,009.7 Estimates Estimate Book Value
P/B Ratio (Close) 0.62 0.61 0.59 Estimates P/B Ratio (Close)
Difference from 10 year median -48.02% Diff M/C Estimates Difference from 10 yr med.
Total Book Value $1,329.8 $901.4 $815.4 $793.1 $1,016.3 $1,068.7 $1,218.7 $1,218.7 $1,691.2 $1,738.6 $1,764.3 $1,881.1 $1,906.2 $1,906.2 133.77% <-Total Growth 10 Book Value
Non-Cont. Int $0.8 $1.4 $0.4 $1.0 $0.0 $0.0 $0.0 $0.0 $4.2 $5.3 $5.2 $4.8 $4.9 $4.9 1125.00% <-Total Growth 10 Non-Cont. Int
Book Value & Pref $1,329.0 $900.0 $815.0 $792.1 $1,016.3 $1,068.7 $1,218.7 $1,218.7 $1,687.0 $1,733.3 $1,759.1 $1,876.3 $1,901.3 $1,901.3
Preferrerd Shares $96.8 $96.8 $96.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Book Value $1,232.2 $803.2 $718.2 $792.1 $1,016.3 $1,068.7 $1,218.7 $1,218.7 $1,687.0 $1,733.3 $1,759.1 $1,876.3 $1,901.3 $1,901.3 $1,901.3 $1,901.3 164.73% <-Total Growth 10 Book Value
Book Value per Share $15.21 $10.16 $9.21 $10.15 $13.00 $13.89 $15.71 $13.95 $19.32 $19.92 $20.21 $21.66 $21.95 $21.95 $21.95 $21.95 138.44% <-Total Growth 10 Book Value per Share
Change 6.82% -33.20% -9.39% 10.29% 28.06% 6.81% 13.17% -11.21% 38.43% 3.12% 1.49% 7.16% 1.33% 0.00% 0.00% 0.00% -46.57% P/B Ratio Current/Historical Median
P/BV Median 0.91 1.04 1.41 1.50 1.35 1.36 1.46 1.57 0.93 0.60 1.03 0.83 0.62 0.56 0.00 0.00 1.17 P/B Ratio Historical Median
P/BV Close 0.84 1.01 1.81 1.50 1.55 1.29 1.82 1.55 0.78 0.79 0.97 0.72 0.47 0.63 0.63 0.63 9.08% <-IRR #YR-> 10 Book Value per Share 138.44%
Change -22.35% 21.41% 78.40% -17.23% 3.52% -16.64% 41.07% -14.79% -49.86% 1.75% 22.39% -25.96% -35.20% 34.87% 0.00% 0.00% 9.48% <-IRR #YR-> 5 Book Value per Share 57.30%
Leverage (A/BK) 1.85 2.37 2.28 2.56 2.08 1.93 1.75 1.75 2.24 2.07 2.05 2.02 1.94 1.94 2.03 <-Median-> 10 A/BV
Debt/Equity Ratio 0.85 1.37 1.28 1.56 1.08 0.93 0.75 0.75 1.24 1.07 1.05 1.02 0.94 0.94 1.03 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.19 5 yr Med 0.83 -47.19% Diff M/C 2.08 Historical Leverage (A/BK)
-$9.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.95
-$13.95 $0.00 $0.00 $0.00 $0.00 $21.95
Comprehensive Income $127.6 -$232.2 $55.0 $132.8 $274.5 $129.6 $203.3 $229.7 $129.4 $142.9 $104.0 $202.8 $102.2
NCI $0.0 $0.6 $0.4 $0.6 -$0.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Preferrerd Shares $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Shareholders $127.6 -$232.80 $54.60 $132.20 $274.90 $129.60 $203.30 $229.70 $129.40 $142.90 $104.00 $202.80 $102.20 87.18% <-Total Growth 10 Comprehensive Income
Increase -22.29% -282.45% 123.45% 142.12% 107.94% -52.86% 56.87% 12.99% -43.67% 10.43% -27.22% 95.00% -49.61% -27.22% <-Median-> 5 Comprehensive Income
5 Yr Running Average $68.12 -$0.38 $10.48 $49.16 $71.30 $71.70 $158.92 $193.94 $193.38 $166.98 $161.86 $161.76 $136.26 6.47% <-IRR #YR-> 10 Comprehensive Income 87.18%
ROE 9.6% -25.8% 6.7% 16.7% 27.0% 12.1% 16.7% 18.8% 7.7% 8.2% 5.9% 10.8% 5.4% -14.95% <-IRR #YR-> 5 Comprehensive Income -55.51%
5Yr Median 9.3% 0.0% 6.7% 9.6% 9.6% 12.1% 16.7% 16.7% 16.7% 12.1% 8.2% 8.2% 7.7% 29.24% <-IRR #YR-> 10 5 Yr Running Average 1200.19%
% Difference from NI 52.0% 13.2% -431.7% 25.6% 4.7% -11.4% -3.9% 7.6% -22.3% 8.2% -20.6% 43.3% 18.8% -6.82% <-IRR #YR-> 5 5 Yr Running Average -29.74%
Median Values Diff 5, 10 yr 6.2% 8.2% 7.7% <-Median-> 5 Return on Equity
-$54.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $102.2
-$229.7 $0.0 $0.0 $0.0 $0.0 $102.2
-$10.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $136.3
-$193.9 $0.0 $0.0 $0.0 $0.0 $136.3
Current Liability Coverage Ratio 0.49 0.44 0.60 0.65 0.83 0.68 0.77 0.53 0.66 0.71 0.66 0.79 0.78 0.61   CFO / Current Liabilities
5 year Median 0.54 0.49 0.54 0.60 0.60 0.65 0.68 0.68 0.68 0.68 0.66 0.66 0.71 0.71 0.71 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 12.81% 15.06% 18.32% 17.16% 17.92% 13.11% 13.20% 17.76% 12.44% 13.39% 12.63% 11.44% 11.09% 8.61% CFO / Total Assets
5 year Median 12.20% 12.26% 12.81% 15.06% 17.16% 17.16% 17.16% 17.16% 13.20% 13.20% 13.20% 12.63% 12.44% 11.44% 12.4% <-Median-> 5 Return on Assets 
Return on Assets ROA 3.17% -8.58% -0.78% 5.18% 12.42% 7.09% 9.90% 9.99% 4.39% 3.66% 3.61% 3.71% 2.32% 2.86% Net  Income/Assets Return on Assets
5Yr Median 3.17% 0.25% -0.78% 3.17% 3.17% 5.18% 7.09% 9.90% 9.90% 7.09% 4.39% 3.71% 3.66% 3.61% 3.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 6.31% -22.82% -2.02% 13.27% 25.84% 13.69% 17.35% 17.51% 9.85% 7.60% 7.42% 7.53% 4.51% 5.58% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 6.31% 0.60% -2.02% 6.31% 6.31% 13.27% 13.69% 17.35% 17.35% 13.69% 9.85% 7.60% 7.53% 7.42% 7.5% <-Median-> 5 Return on Equity
$97.80 <-12 mths 13.99%
Net Income $84.60 -$175.90 -$7.30 $112.5 $262.2 $146.3 $211.5 $213.4 $166.1 $131.8 $130.5 $140.8 $85.9 1276.71% <-Total Growth 10 Net Income
NCI $0.60 $0.40 $0.6 -$0.4 $0.0 $0.0 $0.0 $0.0 $0.1 -$0.1 -$0.4 $0.1
Preferrerd Shares $6.80 $6.80 $6.80 $6.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Shareholders $77.80 -$183.30 -$14.50 $105.1 $262.6 $146.3 $211.5 $213.4 $166.1 $131.7 $130.6 $141.2 $85.8 $106 $114 $124 691.72% <-Total Growth 10 Net Income
Increase -53.30% -335.60% -92.09% -824.83% 149.86% -44.29% 44.57% 0.90% -22.16% -20.71% -0.84% 8.12% -39.24% 23.54% 7.55% 8.77% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $58.0 -$2.8 -$7.0 $30.3 $49.5 $63.2 $142.2 $187.8 $200.0 $173.8 $170.7 $156.6 $131.1 $119.1 $115.5 $114.2 22.99% <-IRR #YR-> 10 Net Income 691.72%
Operating Cash Flow $308.10 $229.90 $416.20 $334.8 $288.6 $273.3 $324.1 $312.5 $431.6 $427.0 $315.3 $220.8 $472.3 -16.66% <-IRR #YR-> 5 Net Income -59.79%
Investment Cash Flow -$52.70 -$106.10 -$93.60 -$283.0 -$163.5 -$151.7 $23.9 $1,502.7 -$34.1 $126.4 -$181.0 -$257.4 -$165.2 #NUM! <-IRR #YR-> 10 5 Yr Running Ave. 1961.93%
Total Accruals -$177.60 -$307.10 -$337.10 $53.3 $137.5 $24.7 -$136.5 -$1,601.8 -$231.4 -$421.7 -$3.7 $177.8 -$221.3 -6.94% <-IRR #YR-> 5 5 Yr Running Ave. -30.19%
Total Assets $2,454 $2,136 $1,859 $2,028 $2,114 $2,062 $2,137 $2,137 $3,782 $3,598 $3,613 $3,801 $3,700 Balance Sheet Assets
Accruals Ratio -7.24% -14.38% -18.13% 2.63% 6.51% 1.20% -6.39% -74.97% -6.12% -11.72% -0.10% 4.68% -5.98% -5.98% <-Median-> 5 Ratio
EPS/CF Ratio 0.52 0.45 0.46 0.48 0.49 0.72 0.72 0.67 0.47 0.47 0.45 0.44 0.43 0.48 <-Median-> 10 EPS/CF Ratio
Should not be higher than 1.00
$14.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $85.80
-$213.40 $0.00 $0.00 $0.00 $0.00 $85.80
$7.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.08
-$187.78 $0.00 $0.00 $0.00 $0.00 $131.08
Change in Close -17.05% -18.90% 61.65% -8.71% 32.57% -10.97% 59.64% -24.34% -30.60% 4.92% 24.21% -20.66% -34.34% 34.87% 0.00% 0.00% Count 30 Years of data
up/down up up up  up down up up up up up Count 19 63.33%
Meet Prediction? yes Yes Yes Yes % right Count 8 42.11%
Financial Cash Flow -$217.00 -$182.20 -$309.10 -$44.8 -$178.5 -$144.0 $69.7 $69.7 -$221.4 -$52.4 -$150.1 -$150.9 -$216.3 C F Statement  Financial Cash Flow
Total Accruals $39.40 -$124.90 -$28.00 $98.1 $316.0 $168.7 -$206.2 -$1,671.5 -$10.0 -$369.3 $146.4 $328.7 -$5.0 Accruals
Accruals Ratio 1.61% -5.85% -1.51% 4.84% 14.95% 8.18% -9.65% -78.23% -0.26% -10.26% 4.05% 8.65% -0.14% -0.1% <-Median-> 5 Ratio
Cash $75.00 $16.80 $30.30 $35.2 $38.6 $16.7 $247.1 $247.1 $213.7 $241.0 $231.1 $45.7 $137.0 $137.0 Cash
Cash per Share $0.93 $0.21 $0.39 $0.45 $0.49 $0.22 $3.19 $2.83 $2.45 $2.77 $2.66 $0.53 $1.58 $1.58 $2.45 <-Median-> 5 Cash per Share
Percentage of Stock Price 7.29% 2.06% 2.33% 2.97% 2.45% 1.21% 11.13% 13.06% 16.27% 17.55% 13.55% 3.39% 15.49% 11.49% 15.49% <-Median-> 5 % of Stock Price
Notes:
January 14, 2023.  Last estimates were for 2023, 2024 and 2025 of $3032M, $3044M, $3092M for Revenue, $2.14 ad $2.28 2023/4 for AEPS, $1.59, $1.57 and $1.92 for EPS, 
$0.91, $0.96 and $1.04 for Dividends, $241M, $250M and $260M for FCF, $4.87, $5.01 and $4.53 for CFPS, $22.30, $23.00 and $23.90 for BVPS, $137M, $152M and $166M for Net Income.
January 14, 2023.  Last estimates were for 2022, 2023 and 2024 of $2728M, $2738M and $2763M for Revenue, $2.32, $2.43 and $2.41 for AEPS, 
$1.70 and $1.82 for EPS for 2022/23, $0.97, $1.04 amd $1.12 for Dividends, $246M, $244M and $256M for FCF, and $203M and $218M for Net Income for 2022/23.
January 16, 2022.  Last estimates were for 2021, 2022 and 2023 of $2532M, $2549M and $2425M for Revenue, $2.26 and $2.30 for Adj EPS for 2021-22, 
$1.76, 41.73 and $2.28 for EPS, $0.92, $0.94 and $1.03 for Dividends, $253M, $260M and $278M for FCF, $4.18, $4.15 and $4.25 for CFPS, and $154M, $150M and $149M for Net Income.
January 16, 2021.  Last estimates were for 2020, 2021 and 2022 of $2732M, $2652M and $2633M for Revenue, 
$1.95, $1.92 and $2.28 for EPS, $2.88 and $2.99 for Adj EPS, $4.05, $4.21 and $4.43 for CFPS and $175M, $170M and $199M for Net Income.
January 18, 2020.  Last estimates were for 2019 and 2020 of $3123M, $3111M and $3099M for Revenue in 2019, 2020 and 2021, $2.19 and $2.34 for EPS, 
$2.74, $2.88 and $2.99 for Adj EPS for 2019, 2020 and 2021, $3.71 for CFPS for 2019 and calc Net Income of $191M and $204M.
January 19, 2019.  Last estimates were for 2018, and 2020 of $1875M and $1815M for Revenue, $2.58 and $2.46 for EPS, $3.75 and $3.71 for CFPS and $195M for Net Income for 2018.
January 20, 2018.  Last estimates were for 2017 and 2018 of $1995M and $1920M for Revenue, $2.57 and $2.34 for EPS, $2.36 and $2.29 for Adjusted EPS, 
$3.66 and $3.61 for CFPS and $170M and $168M for Net Income.
December 22, 2017.  Investors in Transcontinental Inc. have been rewarded for sticking with the company as it transitions more toward packaging 
and printing and away from print media – although some see now as a good time to take a bit of profit. Shares of the Montreal-based company are up nearly 20 per cent so far this year amid 
a steady sell-off of its newspaper assets and an ongoing string of acquisitions in what appears to be the more promising business of packaging for food and consumer products. Brenda Bouw reports.
January 22, 2017.  Last estimates were for 2016 and 2017 of $2030M and $1954M for Revenue, $2.43, $2.30 and $2.29 for EPS for 2016, 2017 and 2018, 
$2.41, 2.36 and $2.29 for Adjusted earnings for 2016, 2017 and 2018 and $3.52 and $3.31 for CFPS and $172M and $172M for Net Income.
January 23, 2015.  Last estimates were for 2015 and 2016 of $2010M, $1932M for Revenue, $2.11 and $2.14 for EPS, $3.29 and $3.29 for CFPS and $164 and $167 for Net Income.
January 24, 2015.  Last estimates were for 2014, 2015 and 2016 of $2120M, $2107M and $2032M for Revenue, $1.95, $1.98 and $1.60 for EPS, $1.95, $1.98 
and $1.60 for Adjusted EPS, $3.54, $3.74 and $3.57 for CFPS and $148M and $157M for 2014 and 2015 for Net Income.
Jan 20, 2014.  Last estimates were for 2013 and 2014 of $2141.2M and $2113.7M for Revenue, $1.84 and $1.94 for EPS.
January 26, 2013.  Last estimates were for 2012 and 2013 of $2203M and $2232M for Revenues, $1.98 and $2.11 (and $1.73 for 2013) for EPS and $3.31 and $3.53 for CFPS.
Feb 15, 2012.  While many printers are suffering, this one recently won an 18-year contract to print the Globe & Mail and a four-year contract with Canadian Tire worth 
$30 to $40 million a year. Buy this bargain for gains plus high and rising dividends.  
Feb 7, 2012.  Last Estimates I got for 2011 and 2012 are $1.89 amd $2.01 for EPS and $3.24 and $3.60 for CF.
2007 - I think the only way to make money on this stock on a long term basis, is buy at or below the Graham price.
2007.  They stopped publishing reports prior to 2007 because of the restatement of Financial Reports  annouced in 2007
2003.  There was a stock split on April 10, 2003.
1993.  Dividends were started.
1986.  There was a stock split on May 2, 1986.
1984.  This company was listed as a publicly traded company in 1984 as GTC Transcontinental Group Ltd.
1976.  Company was founded.  Rémi Marcoux was the founder in 1976
* Adjusted income excludes unusual items and discontinued operations.
* Adjusted net income was defined in 2013 as net income from continuing operations applicable to participating shares, before restructuring and other costs, asset impairment,
 gain on business acquisition as well as unusual adjustments to income taxes and related financial expenses.
Class A shares are Subordinate Voting Shares with 1 vote per share and Class B shares are multiple voting shares with 20 votes per share and can be converted to Class A shares.
Capinabel Inc.   Remi Marcoux President & Board Member 
Sector:
Services, Industrial
What should this stock accomplish?
You buy this stock for diversification.  You should expect volitility because it is an industrial stock. 
Dividends would be low to moderate over the longer timer with increases moderate over the longer term.
Would I buy this company and Why.
I own this company.  This is a dividend growth company and has done quite well so far long term.
Why am I following this stock. 
This is a dividend growth stock.  It was on a number of dividend lists.  However, it fell on hard times after 2008, but was recovering but then hit another low in 2019 and its recovery 
is uneven.  It is was on the Canadian Dividend Aristocrats Index when I bought it in 2015.  
Dividends
Dividends are paid in cycle 1, which is January, April, July and October.  Dividends are generally declared for shareholders of one month for payment in the same month.  Sometimes they are declared in prior month to payment.
For example, the January 20, 2014 dividend payment was for Shareholders of record of January 3, 2014.  However, for the January 18, 2013 dividend payment, they were for shareholders of record of December 31, 2012.
Dividend started in 1993
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
Transcontinental says that to ensure that the business is properly managed based on the interests our shareholders, employees, customers and communities, the organisation's four pillars, we have put in place a governance structure. 
I think that they should customers first and shareholders last.
How they make their money.
Transcontinental Inc or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. 
The smaller other segment focuses on the media sector, which generates revenue from print and digital publishing products.  
They say that the company is now called TC Transcontinental. 
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 Jan 23 2017 Jan 22 2018 Jan 19 2019 Jan 18 2020 Jan 16 2021 Jan 16 2022 Jan 14 2023 Jan 14 2024
Morin, Thomas Gaston Louis 0.002 0.00% 0.002 0.00% was director in 2021 0.00%
CEO - Shares - Amount $0.019 $0.025
Options - percentage 0.240 0.28% 0.340 0.39% 41.52%
Options - amount $2.451 $4.677
Brues, Peter 0.018 0.02% 0.018 0.02% 0.018 0.02% Ceased insider Dec 2021 -100.00%
CEO - Shares - Amount $0.360 $0.285 $0.187
Options - percentage 0.018 0.02% 0.281 0.32% 0.296 0.34% -100.00%
Options - amount $0.359 $4.377 $3.022
LeCavalier, Donald 0.009 0.01% 0.007 0.01% 0.016 0.02% 0.016 0.02% 0.025 0.03% 0.029 0.03% 16.24%
CFO - Shares - Amount $0.136 $0.104 $0.315 $0.250 $0.258 $0.404
Options - percentage 0.031 0.04% 0.055 0.06% 0.059 0.07% 0.104 0.12% 0.098 0.11% 0.151 0.17% 54.58%
Options - amount $0.470 $0.871 $1.157 $1.624 $0.997 $2.079
Brayley, Patrick 0.000 0.00% 0.008 0.01% #DIV/0!
Officer - Shares - Amount $0.000 $0.106
Options - percentage 0.027 0.03% 0.039 0.05% 46.68%
Options - amount $0.273 $0.541
Desaulniers, Christine 0.00% 0.002 0.00% 0.002 0.00% 0.006 0.01% 0.018 0.02% 0.018 0.02% 0.018 0.02% 0.020 0.02% 0.000 0.00% -100.00%
Officer - Shares - Amount $0.032 $0.052 $0.039 $0.093 $0.284 $0.353 $0.280 $0.204 $0.000 Chief Legal Officer
Options - percentage 0.16% 0.107 0.14% 0.084 0.10% 0.085 0.10% 0.000 0.00% 0.077 0.09% 0.096 0.11% 0.083 0.10% 0.000 0.00% -100.00%
Options - amount $2.185 $3.067 $1.818 $1.272 $0.000 $1.511 $1.487 $0.847 $0.000
Cote, Jacynthe 0.000 0.00% 0.000 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.000 0.00% -100.00%
Director - Shares - Amount $0.000 $0.000 $0.045 $0.047 $0.059 $0.047 $0.031 $0.000
Options - percentage 0.003 0.00% 0.007 0.01% 0.012 0.01% 0.000 0.00% 0.031 0.04% 0.037 0.04% 0.051 0.06% 0.000 0.00% -100.00%
Options - amount $0.083 $0.149 $0.174 $0.000 $0.613 $0.580 $0.521 $0.000
Leduc, Yves Jacques 0.005 0.01% 0.005 0.01% 0.00%
Director - Shares - Amount $0.050 $0.067
Options - percentage 0.034 0.04% 0.047 0.05% 38.38%
Options - amount $0.344 $0.643
Plourde, Mario 0.010 0.01% 0.010 0.01% B 0.00%
Director - Shares - Amount $0.101 $0.136 B
Options - percentage 0.050 0.06% 0.065 0.07% A 29.51%
Options - amount $0.508 $0.888 A
Marcoux, Rémi 92.81% 12.563 89.83% 12.563 89.86% 12.563 89.87% 12.563 89.89% 12.563 90.30% 12.563 90.30% 12.563 94.00% B all zero in 2023 -100.00%
Director Class B $234.086 $355.528 $260.553 $192.840 $199.624 $244.473 $203.895 $134.171 B
Class A 0.20% 0.002 0.00% 0.002 0.00% 0.102 0.12% 0.102 0.12% 0.102 0.12% 0.102 0.12% 0.102 0.12% A -100.00%
Shares - Amount $2.770 $0.059 $0.044 $1.535 $1.610 $2.000 $1.587 $1.042 A
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% A #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 A
Marcoux, Isabelle 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% 0.001 0.01% B 0.00%
Chairman - Shares - Amt $0.018 $0.028 $0.021 $0.015 $0.016 $0.019 $0.016 $0.011 $0.013 B
Class A 0.01% 0.004 0.01% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% A 0.00%
Shares - Amount $0.072 $0.115 $0.087 $0.060 $0.063 $0.078 $0.062 $0.041 $0.055 A
Options - percentage 0.04% 0.023 0.03% 0.053 0.06% 0.030 0.03% 0.033 0.04% 0.050 0.06% 0.080 0.09% 0.084 0.10% 0.162 0.19% 93.26%
Options - amount $0.603 $0.660 $1.142 $0.451 $0.528 $0.972 $1.248 $0.856 $2.232
Capinabel inc. 92.81% 12.563 89.83% 12.563 89.86% B Owned by Remi Marcoux
10% owner Class B $234.086 $355.528 $260.553 B
Class A 0.20% 0.002 0.00% 0.002 0.00% A
Same as Remi Marcoux $2.770 $0.070 $0.044 A
Increase in O/S Shares 1.29% 0.033 0.04% 0.594 0.77% 0.360 0.41% 0.370 0.42% 0.135 0.16% 0.259 0.30% 0.341 0.39% 1.350 1.56%
due to SO in 2013 $3.870 $0.596 $17.020 $7.791 $5.559 $2.134 $5.080 $5.299 $13.787 DSUs and RSUs
Book Value $2.500 $0.500 $9.700 $2.900 $2.900 $1.900 $19.600 $6.300 $9.100
Insider Buying -$0.060 -$0.142 $0.000 -$1.829 -$0.434 -$0.122 -$0.045 -$0.240 -$0.183
Insider Selling $0.509 $9.874 $4.712 $0.000 $0.154 $0.000 $0.000 $0.541 $0.000
Net Insider Selling $0.449 $9.732 $4.712 -$1.829 -$0.280 -$0.122 -$0.045 $0.301 -$0.183
% of Market Cap 0.03% 0.44% 0.25% -0.14% -0.02% -0.01% 0.00% 0.03% -0.02%
Directors 14 13 14 13 13 13 12 11
Women 27% 5 36% 5 38% 5 36% 5 38% 5 38% 5 38% 5 42% 5 45%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 4.26% 1 3.66% 2 4.73% 118 51.18% 20 37.65% 20 27.56% 20 19.06% 20 18.23% 20 17.32%
Total Shares Held 4.26% 0.514 0.66% 0.661 0.76% 37.542 42.98% 32.880 37.65% 23.985 27.56% 16.589 19.15% 15.795 18.23% 15.000 17.32%
Increase/Decrease 0.00% 0.000 0.00% 0.000 0.00% -0.625 -1.64% -3.170 -8.79% -3.664 -13.25% -0.576 -3.35% -1.489 -8.62% -0.395 -2.57%
Starting No. of Shares 0.514 0.661 38.168 36.050 Top 20 MS 27.649 Top 20 MS 17.165 Top 20 MS 17.284 Top 20 MS 15.396 Top 20 MS
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