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 2025 <-Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Jun 24
Andrew Peller Ltd TSX: ADW.A OTC: ADWPF http://www.andrewpeller.com/ Fiscal Yr: Mar 31
Year 31-Mar-12 31-Mar-13 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Date 9/23/16
Split 3 Split
Cost of  Goods Sold $189.8 $200.8 $211.3 $211.5 $213.6 $222.8 $216.1 $236.5 $235.0 $240.2 $235.3 23.92% <-Total Growth 10 Cost of  Goods Sold
Change 5.79% 5.21% 0.07% 1.00% 4.32% -3.02% 9.47% -0.66% 2.25% -2.08% 1.63% <-Median-> 10 Change
Ratio 0.64 0.64 0.63 0.62 0.59 0.58 0.57 0.60 0.62 0.63 0.61 0.61 <-Median-> 10 Ratio
Selling & Admin $74.3 $79.7 $82.0 $86.0 $97.5 $106.1 $104.7 $93.5 $99.8 $103.9 $109.8 47.84% <-Total Growth 10 Selling & Admin
Change 7.32% 2.97% 4.84% 13.31% 8.89% -1.30% -10.77% 6.77% 4.08% 5.67% 5.26% <-Median-> 10 Change
Ratio 0.25 0.25 0.25 0.25 0.27 0.28 0.27 0.24 0.26 0.27 0.28 0.27 <-Median-> 10 Ratio
Other - Interest $5.4 $4.8 $3.6 $3.1 $5.3 $6.9 $8.1 $8.1 $9.3 $16.7 $17.0 214.96% <-Total Growth 10 Other - Interest
Change -10.01% -26.24% -13.90% 73.65% 28.57% 17.97% 0.01% 15.16% 78.39% 1.85% 8.50% <-Median-> 10 Change
Ratio 0.02 0.02 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.04 0.04 0.02 <-Median-> 10 Ratio
Total $269.5 $285.4 $296.9 $300.5 $316.4 $335.8 $328.9 $338.1 $344.1 $360.8 $362.0 34.33% <-Total Growth 10 Total
Change 5.89% 4.05% 1.22% 5.27% 6.14% -2.05% 2.79% 1.77% 4.85% 0.33% 3.42% <-Median-> 10 Change
Ratio 0.90 0.90 0.89 0.88 0.87 0.88 0.86 0.86 0.91 0.94 0.94 0.88 <-Median-> 10 Ratio
$386 <-12 mths 0.13% Estimates last 12 months from Qtr.
Revenue* $276.9 $289.1 $297.8 $315.7 $334.3 $342.6 $363.9 $381.8 $382.3 $393.0 $379.9 $382.1 $385.9 $388 $392 29.56% <-Total Growth 10 Revenue
Increase 4.32% 4.43% 3.00% 6.00% 5.88% 2.50% 6.21% 4.92% 0.13% 2.81% -3.33% 0.58% 0.97% 0.50% 1.01% 2.62% <-IRR #YR-> 10 Revenue 29.56%
5 year Running Average $262.2 $272.6 $278.5 $289.0 $302.8 $315.9 $330.9 $347.7 $361.0 $372.7 $380.2 $383.8 $384.7 $386 $385 0.21% <-IRR #YR-> 5 Revenue 1.06%
Revenue per Share $6.46 $6.74 $6.94 $7.36 $7.85 $8.04 $8.24 $8.64 $8.77 $9.00 $8.81 $8.85 $8.89 $8.94 $9.03 3.28% <-IRR #YR-> 10 5 yr Running Average 38.13%
Increase 4.32% 4.43% 3.00% 6.00% 6.63% 2.50% 2.42% 4.89% 1.49% 2.63% -2.10% 0.43% 0.50% 0.50% 1.01% 2.04% <-IRR #YR-> 5 5 yr Running Average 10.64%
5 year Running Average $5.97 $6.26 $6.44 $6.74 $7.07 $7.39 $7.69 $8.03 $8.31 $8.54 $8.69 $8.81 $8.86 $8.90 $8.90 2.51% <-IRR #YR-> 10 Revenue per Share 28.08%
P/S (Price/Sales) Med 0.51 0.51 0.62 0.67 0.96 1.32 1.78 1.76 1.19 1.06 1.05 0.66 0.48 0.45 0.00 0.58% <-IRR #YR-> 5 Revenue per Share 2.93%
P/S (Price/Sales) Close 0.53 0.56 0.65 0.73 1.25 1.40 2.20 1.53 0.94 1.20 0.83 0.53 0.45 0.46 0.45 3.24% <-IRR #YR-> 10 5 yr Running Average 37.57%
*Revenue in M CDN $  P/S Med 20 yr  0.67 15 yr  0.67 10 yr  1.05 5 yr  1.05 -56.42% Diff M/C 2.01% <-IRR #YR-> 5 5 yr Running Average 10.45%
-$297.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $385.9
-$381.8 $0.0 $0.0 $0.0 $0.0 $385.9
-$278.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $384.7
-$347.7 $0.0 $0.0 $0.0 $0.0 $384.7
$6.2 <-12 mths -317.96% Estimates Last 12 months from Qtr
$0.14 <-12 mths 318.69% Estimates Last 12 months from Qtr
72.35% 52.34% #DIV/0! Estimates Payout Ratio EPS
Adjusted Earnings CDN$ $13.001 $14.759 $13.982 $15.425 $20.322 $25.608 $29.303 $29.408 $27.575 $26.986 $5.143 -$1.1 -$2.9 -120.40% <-Total Growth 10 Adjusted Profit CDN$
Return on Equity ROE 10.78% 11.41% 10.13% 10.47% 12.88% 14.44% 13.30% 12.53% 11.23% 10.16% 1.94% -0.43% -1.18% 10.85% <-Median-> 10 Return on Equity ROE
5Yr Median 10.78% 10.78% 10.78% 10.47% 10.78% 11.41% 12.88% 12.88% 12.88% 12.53% 11.23% 10.16% 1.94% 11.32% <-Median-> 10 5 Yr Median
Basic Calc $0.30 $0.34 $0.33 $0.36 $0.47 $0.60 $0.67 $0.67 $0.63 $0.62 $0.12 -$0.03 -$0.07 -120.21% <-Total Growth 10 AEPS
AEPS* Dilued Calc $0.30 $0.34 $0.30 $0.34 $0.44 $0.60 $0.67 $0.67 $0.63 $0.62 $0.12 -$0.03 -$0.07 $0.34 $0.47 -121.63% <-Total Growth 10 AEPS
Increase 22.99% 13.52% -11.47% 10.32% 31.83% 35.70% 11.98% -1.13% -5.72% -1.49% -80.81% -121.07% -163.58% 615.98% 38.24% 8 2 10 Years of Data, EPS P or N 80.00%
5 year Running Average $0.26 $0.28 $0.34 $0.31 $0.35 $0.41 $0.47 $0.54 $0.60 $0.64 $0.54 $0.40 $0.25 $0.20 $0.17 #NUM! <-IRR #YR-> 5 AEPS -109.90%
AEPS Yield 8.92% 9.18% 6.77% 6.24% 4.51% 5.33% 3.71% 5.03% 7.60% 5.71% 1.63% -0.53% -1.65% 9.73% 10.81% #NUM! <-IRR #YR-> 10 AEPS -121.63%
Payout Ratio 38.77% 34.88% 42.67% 40.17% 33.29% 26.60% 26.11% 29.86% 33.89% 34.81% 203.03% -984.00% -373.33% 72.35% 52.34% -14.08% <-IRR #YR-> 5 5 yr Running Average -53.17%
5 year Running Average 42.56% 41.25% 34.91% 39.92% 37.55% 34.12% 31.73% 30.04% 29.71% 30.21% 38.59% 55.53% 91.14% 121.11% 146.21% -2.75% <-IRR #YR-> 10 5 yr Running Average -24.33%
Price/AEPS Median 10.78 10.03 14.05 14.65 16.92 17.69 21.81 22.87 16.56 15.40 77.79 -234.60 -65.18 11.84 0.00 16.74 <-Median-> 10 Price/AEPS Median
Price/AEPS High 11.87 10.90 15.76 16.08 22.16 21.11 27.88 27.93 23.42 18.59 96.33 -293.20 -74.21 12.65 0.00 21.63 <-Median-> 10 Price/AEPS High
Price/AEPS Low 9.70 9.16 12.34 13.23 11.68 14.27 15.75 17.80 9.70 12.21 59.25 -176.00 -56.15 11.03 0.00 12.72 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 11.21 10.90 14.77 16.03 22.16 18.75 26.95 19.88 13.16 17.52 61.36 -187.60 -60.55 12.06 8.72 18.13 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 13.78 12.37 13.08 17.68 29.21 25.44 30.17 19.65 12.41 17.26 11.78 39.53 -159.60 -62.22 12.06 18.67 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 31.57% 5 Yrs   33.89% P/CF 5 Yrs   in order 15.40 18.59 9.70 13.16 -21.69% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
Estimates Last 12 months from Qtr
EPS Basic Class A $0.31 $0.35 $0.34 $0.38 $0.46 $0.64 $0.71 $0.51 $0.55 $0.65 $0.29 -$0.08 $0.07 -79.21% <-Total Growth 10 EPS Basic
EPS Diluted Class A* $0.31 $0.35 $0.34 $0.38 $0.46 $0.64 $0.71 $0.51 $0.55 $0.65 $0.29 -$0.08 $0.07 -79.21% <-Total Growth 10 EPS Diluted
Increase 22.37% 13.98% -4.72% 11.88% 22.12% 39.13% 10.94% -28.17% 7.84% 18.18% -55.38% -127.59% -187.50% 9 1 10 Years of Data, EPS P or N
Earnings Yield 9.13% 9.42% 7.48% 6.99% 4.69% 5.68% 3.91% 3.85% 6.66% 6.00% 3.98% -1.71% 1.75% -14.53% <-IRR #YR-> 10 Earnings per Share -79.21%
5 year Running Average $0.26 $0.28 $0.35 $0.33 $0.37 $0.43 $0.50 $0.54 $0.57 $0.61 $0.54 $0.38 $0.30 -32.78% <-IRR #YR-> 5 Earnings per Share -86.27%
10 year Running Average $0.27 $0.31 $0.35 $0.39 $0.44 $0.45 $0.49 $0.49 $0.44 $0.42 -1.66% <-IRR #YR-> 10 5 yr Running Average -15.43%
* Diluted ESP per share  E/P 10 Yrs 4.33% 5Yrs 3.98% -11.31% <-IRR #YR-> 5 5 yr Running Average -45.12%
Estimates Last 12 months from Qtr
EPS Basic Class B $0.27 $0.31 $0.29 $0.32 $0.40 $0.55 $0.62 $0.55 $0.48 $0.57 $0.26 -$0.07 $0.06 -79.55% <-Total Growth 10 EPS Basic Class B
EPS Diluted Class B* $0.27 $0.31 $0.29 $0.32 $0.40 $0.55 $0.55 $0.55 $0.48 $0.57 $0.26 -$0.07 $0.06 -79.55% <-Total Growth 10 EPS Diluted Class B*
Increase 22.73% 13.58% -4.35% 9.09% 25.00% 37.50% 0.00% 0.00% -12.73% 18.75% -54.39% -126.92% -185.71% 9 1 10 Years of Data, EPS P or N
Earnings Yield 7.95% 8.18% 6.52% 5.94% 4.07% 4.88% 3.03% 4.16% 5.81% 5.26% 3.57% -1.49% 1.50% -14.67% <-IRR #YR-> 10 Earnings per Share -79.55%
5 year Running Average $0.23 $0.25 $0.30 $0.28 $0.32 $0.37 $0.42 $0.47 $0.51 $0.54 $0.48 $0.36 $0.26 -35.80% <-IRR #YR-> 5 Earnings per Share -89.09%
10 year Running Average $0.24 $0.27 $0.30 $0.33 $0.39 $0.39 $0.43 $0.43 $0.39 $0.37 -1.57% <-IRR #YR-> 10 5 yr Running Average -14.66%
* Diluted ESP per share  E/P 10 Yrs 4.12% 5Yrs 3.57% -11.32% <-IRR #YR-> 5 5 yr Running Average -45.15%
$0.14 <-12 mths 318.69% Estimates Last 12 months from Qtr
EPS Basic $0.30 $0.34 $0.33 $0.37 $0.45 $0.62 $0.69 $0.50 $0.53 $0.64 $0.29 -$0.08 -$0.07 -120.16% <-Total Growth 10 EPS Basic
EPS Diluted  $0.30 $0.34 $0.33 $0.37 $0.45 $0.62 $0.69 $0.50 $0.53 $0.64 $0.29 -$0.08 -$0.07 $0.34 $0.47 -120.16% <-Total Growth 10 EPS Diluted
Increase 22.99% 13.52% -5.00% 12.41% 21.90% 38.12% 11.85% -28.17% 7.58% 19.05% -54.81% -127.00% -15.15% -615.98% 38.24% 8 2 10 Years of Data, EPS P or N
Earnings Yield 8.9% 9.2% 7.3% 6.8% 4.6% 5.5% 3.8% 3.8% 6.5% 5.9% 4.0% -1.7% -1.7% 8.3% 11.5% #NUM! <-IRR #YR-> 10 Earnings per Share -120.16%
5 year Running Average $0.26 $0.28 $0.34 $0.32 $0.36 $0.42 $0.49 $0.52 $0.56 $0.60 $0.53 $0.38 $0.26 $0.22 $0.19 #NUM! <-IRR #YR-> 5 Earnings per Share -113.26%
10 year Running Average $0.22 $0.24 $0.25 $0.27 $0.30 $0.34 $0.38 $0.43 $0.44 $0.48 $0.48 $0.43 $0.39 $0.39 $0.39 -2.56% <-IRR #YR-> 10 5 yr Running Average -22.87%
* Diluted ESP per share  E/P 10 Yrs 4.26% 5Yrs 3.95% -12.89% <-IRR #YR-> 5 5 yr Running Average -49.85%
-$0.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.07
-$0.50 $0.00 $0.00 $0.00 $0.00 -$0.07
-$0.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.26
-$0.52 $0.00 $0.00 $0.00 $0.00 $0.26
Dividend* $0.246 Estimates Dividend*
Increase 0.00% Estimates Increase
Payout Ratio EPS 72.35% Estimates Payout Ratio EPS
Pre-split 07
Pre-split 2017
Special Dividends Class A $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 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre-split 2007
Pre-split 2017 $0.35 $0.36 $0.39
Dividend* $0.1175 $0.1200 $0.1300 $0.1350 $0.1475 $0.1599 $0.1758 $0.1988 $0.2127 $0.2152 $0.2409 $0.2460 $0.2460 $0.2460 $0.2460 $0.2460 89.23% <-Total Growth 10 Dividends 243.26%
Increase 6.82% 2.13% 8.33% 3.85% 9.26% 8.41% 9.94% 13.05% 6.99% 1.20% 11.94% 2.12% 0.00% 0.00% 0.00% 0.00% 16 0 36 Years of data, Count P, N
Average Increases 5 Year Running 7.08% 3.79% 3.46% 4.23% 6.08% 6.39% 7.96% 8.90% 9.53% 7.92% 8.63% 7.06% 4.45% 3.05% 2.81% 0.42% 7.49% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.11 $0.11 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.19 $0.21 $0.22 $0.23 $0.24 $0.24 $0.25 97.57% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 3.60% 3.48% 3.04% 2.74% 1.97% 1.50% 1.20% 1.31% 2.05% 2.26% 2.61% 4.19% 5.73% 6.11% 2.15% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 3.27% 3.20% 2.71% 2.50% 1.50% 1.26% 0.94% 1.07% 1.45% 1.87% 2.11% 3.36% 5.03% 5.72% 1.69% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 4.00% 3.81% 3.46% 3.04% 2.85% 1.86% 1.66% 1.68% 3.49% 2.85% 3.43% 5.59% 6.65% 6.56% 2.94% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 3.46% 3.20% 2.89% 2.51% 1.50% 1.42% 0.97% 1.50% 2.57% 1.99% 3.31% 5.25% 6.17% 6.00% 6.00% 6.00% 2.25% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 38.77% 34.88% 39.77% 36.74% 32.93% 25.85% 25.41% 39.99% 39.77% 33.81% 83.75% -316.77% -373.33% 72.35% 52.34% 33.37% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 42.56% 41.25% 34.45% 38.57% 36.32% 32.89% 30.50% 31.15% 32.06% 32.31% 39.40% 59.29% 88.25% 106.56% 128.38% 34.61% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 72.07% 38.63% 22.29% 22.41% 28.83% 26.64% 35.71% 17.91% 29.39% 22.85% 66.62% 77.24% 28.00% 28.00% 28.42% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 67.17% 36.54% 20.15% 20.34% 25.41% 23.07% 30.40% 14.72% 24.73% 20.44% 57.71% 69.92% 26.43% 27.19% 25.07% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 15.60% 15.89% 17.48% 16.46% 15.44% 15.42% 14.46% 16.67% 14.92% 15.02% 26.21% 24.24% 26.24% 26.24% 15.95% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 14.54% 15.03% 15.80% 14.93% 13.61% 13.35% 12.30% 13.71% 12.55% 13.43% 22.71% 21.95% 24.77% 25.48% 13.66% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 2.15% 2.25% 5 Yr Med 5 Yr Cl 2.61% 3.31% 5 Yr Med Payout 33.81% 29.39% 24.24% 4.36% <-IRR #YR-> 5 Dividends 23.77%
* Dividends per share  10 Yr Med and Cur. 178.67% 167.07% 5 Yr Med and Cur. 129.89% 81.32% Last Div Inc ---> $0.564 $0.615 9.04% 6.59% <-IRR #YR-> 10 Dividends 89.23%
Dividends Growth 15 5.51% <-IRR #YR-> 15 Dividends 123.64%
Dividends Growth 20 6.36% <-IRR #YR-> 20 Dividends 243.26%
Dividends Growth 25 5.06% <-IRR #YR-> 25 Dividends 243.26%
Dividends Growth 30 4.46% <-IRR #YR-> 30 Dividends
Dividends Growth 35 3.81% <-IRR #YR-> 35 Dividends
Dividends Growth 40 3.70% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$0.20 $0.00 $0.00 $0.00 $0.00 $0.25 Dividends Growth 5
Dividends Growth 10 -$0.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.25 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 $0.25 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 $0.25 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 $0.25 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 $0.25 Dividends Growth 30
Dividends Growth 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 $0.25 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.25
Historical Dividends Historical High Div 6.18% Low Div 1.41% 10 Yr High 6.54% 10 Yr Low 0.95% Med Div 3.60% Close Div 3.57% Historical Dividends
High/Ave/Median Values Curr diff Exp. -2.91%     325.53% Exp. -8.26% 531.58% Cheap 66.67% Cheap 68.18% High/Ave/Median 
Future Dividend Yield Div Yield 7.43% earning in 5 Years at IRR of 4.36% Div Inc. 23.77% Future Dividend Yield
Future Dividend Yield Div Yield 9.19% earning in 10 Years at IRR of 4.36% Div Inc. 53.20% Future Dividend Yield
Future Dividend Yield Div Yield 11.38% earning in 15 Years at IRR of 4.36% Div Inc. 89.62% Future Dividend Yield
Future Dividend Paid Div Paid $0.30 earning in 5 Years at IRR of 4.36% Div Inc. 23.77% Future Dividend Paid
Future Dividend Paid Div Paid $0.38 earning in 10 Years at IRR of 4.36% Div Inc. 53.20% Future Dividend Paid
Future Dividend Paid Div Paid $0.47 earning in 15 Years at IRR of 4.36% Div Inc. 89.62% Future Dividend Paid
Yr
Dividend Covering Cost Total Div $1.34 over 5 Years at IRR of 4.36% Div Cov. 32.73% Dividend Covering Cost 5
Dividend Covering Cost Total Div $2.70 over 10 Years at IRR of 4.36% Div Cov. 65.82% Dividend Covering Cost 5
Dividend Covering Cost Total Div $4.38 over 15 Years at IRR of 4.36% Div Cov. 106.77% Dividend Covering Cost 5
5
Yield if held 5 years 3.33% 3.59% 4.23% 5.27% 5.15% 4.89% 5.09% 4.64% 4.32% 2.87% 2.27% 1.68% 1.62% 2.37% 2.58% 2.67% 4.48% <-Median-> 10 Paid Median Price 5
Yield if held 10 years 7.71% 6.45% 5.78% 4.87% 4.79% 4.54% 5.26% 6.46% 8.30% 7.51% 7.37% 7.13% 5.75% 4.99% 3.28% 2.31% 6.10% <-Median-> 10 Paid Median Price 5
Yield if held 15 years 7.23% 5.07% 6.38% 8.39% 11.19% 10.50% 9.44% 8.83% 7.67% 6.99% 6.83% 7.36% 8.00% 9.60% 8.58% 7.53% 8.19% <-Median-> 10 Paid Median Price
Yield if held 20 years 8.45% 8.16% 9.32% 11.11% 11.42% 9.84% 7.43% 9.76% 13.21% 16.32% 15.81% 13.21% 10.93% 8.87% 8.00% 6.98% 11.27% <-Median-> 10 Paid Median Price 10
Yield if held 25 years 7.14% 10.08% 10.55% 13.79% 11.50% 11.96% 14.25% 17.50% 16.66% 14.82% 10.39% 12.08% 15.28% 18.66% 16.15% 12.93% <-Median-> 10 Paid Median Price 10
Yield if held 30 years 10.46% 15.41% 16.61% 20.11% 17.33% 16.73% 17.63% 20.25% 19.05% 15.14% 16.73% <-Median-> 7 Paid Median Price 10
Yield if held 35 years 14.64% 19.07% 19.22% 22.99% 17.70% 16.86% <-Median-> 2 Paid Median Price 10
10
Cost covered if held 5 years 15.53% 16.98% 19.10% 23.91% 22.67% 21.19% 21.68% 19.09% 52.40% 32.46% 21.38% 14.28% 12.48% 16.22% 15.45% 13.33% 21.53% <-Median-> 10 Paid Median Price 10
Cost covered if held 10 years 60.30% 51.93% 45.56% 39.25% 37.84% 35.17% 39.37% 45.65% 124.65% 107.55% 90.74% 82.44% 63.45% 52.40% 32.46% 21.38% 54.55% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 78.57% 55.99% 67.93% 89.87% 115.50% 105.75% 92.12% 81.87% 132.30% 116.93% 99.67% 102.14% 107.36% 124.65% 107.55% 90.74% 103.94% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 134.14% 130.49% 123.74% 147.71% 145.22% 121.18% 87.61% 108.04% 250.16% 300.07% 254.98% 204.79% 166.26% 132.30% 116.93% 99.67% 156.99% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 133.95% 179.38% 186.13% 230.24% 183.96% 181.39% 182.30% 360.12% 333.60% 261.08% 176.23% 201.27% 250.16% 300.07% 254.98% 193.70% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 178.49% 242.70% 256.02% 320.17% 259.02% 257.13% 265.51% 319.62% 314.55% 261.08% 257.13% <-Median-> 7 Paid Median Price
Cost covered if held 35 years 244.77% 332.69% 349.31% 434.65% 347.50% 288.73% <-Median-> 2 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $381.8 $382.3 $393.0 $379.9 $382.1 $385.9 $386 <-12 mths 0.13% 1.06% <-Total Growth 5 Revenue Growth  1.06%
AEPS Growth $0.67 $0.63 $0.62 $0.12 -$0.03 -$0.07 $0.14 <-12 mths 318.69% -109.90% <-Total Growth 5 AEPS Growth -109.90%
Net Income Growth $22.0 $23.5 $27.8 $12.5 -$3.4 -$2.9 $6 <-12 mths 317.96% -112.99% <-Total Growth 5 Net Income Growth -112.99%
Cash Flow Growth $49.0 $31.5 $41.1 $15.6 $13.8 $38.1 -22.28% <-Total Growth 5 Cash Flow Growth -22.28%
Dividend Growth $0.20 $0.21 $0.22 $0.24 $0.25 $0.25 $0.25 <-12 mths 0.00% 23.77% <-Total Growth 5 Dividend Growth 23.77%
Stock Price Growth $13.69 $11.81 $10.48 $8.16 $4.99 $4.61 $4.10 <-12 mths -11.06% -66.33% <-Total Growth 5 Stock Price Growth -66.33%
Revenue Growth  $297.8 $315.7 $334.3 $342.6 $363.9 $381.8 $382.3 $393.0 $379.9 $382.1 $385.9 $388 <-this year 0.50% 29.56% <-Total Growth 10 Revenue Growth  29.56%
AEPS Growth $0.30 $0.34 $0.44 $0.60 $0.67 $0.67 $0.63 $0.62 $0.12 -$0.03 -$0.07 $0.34 <-this year 615.98% -121.63% <-Total Growth 10 AEPS Growth -121.63%
Net Income Growth $14.0 $15.8 $19.2 $26.4 $30.1 $22.0 $23.5 $27.8 $12.5 -$3.4 -$2.9 $15 <-this year 615.98% -120.34% <-Total Growth 10 Net Income Growth -120.34%
Cash Flow Growth $25.0 $25.8 $21.8 $25.6 $21.7 $49.0 $31.5 $41.1 $15.6 $13.8 $38.1 $38 <-this year 0.00% 52.35% <-Total Growth 10 Cash Flow Growth 52.35%
Dividend Growth $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $0.25 $0.25 <-this year 0.00% 89.23% <-Total Growth 10 Dividend Growth 89.23%
Stock Price Growth $4.64 $5.02 $6.83 $11.70 $15.60 $13.69 $11.81 $10.48 $8.16 $4.99 $4.61 $10.00 <-this year 116.92% -0.58% <-Total Growth 10 Stock Price Growth -0.58%
Dividends on Shares $29.16 $31.86 $34.54 $37.97 $42.93 $45.93 $46.48 $52.03 $53.14 $53.14 $53.14 $53.14 $53.14 $427.18 No of Years 10 Total Divs 31-Dec-13
Paid  $1,001.52 $1,085.04 $1,475.28 $2,527.20 $3,369.60 $2,957.04 $2,550.96 $2,263.68 $1,762.56 $1,077.84 $995.76 $885.60 $885.60 $885.60 $995.76 No of Years 10 Worth $4.64
Total $1,422.94
Graham No. AEPS $4.38 $4.83 $4.70 $5.10 $6.08 $7.50 $8.69 $8.92 $8.92 $9.20 $4.05 $3.96 $6.52 $6.52 $7.67 $0.00 38.94% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 0.75 0.71 0.91 0.97 1.23 1.42 1.69 1.71 1.17 1.04 2.28 1.48 0.66 0.62 1.33 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.82 0.78 1.02 1.06 1.62 1.69 2.16 2.08 1.65 1.25 2.82 1.85 0.75 0.66 1.67 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.67 0.65 0.80 0.87 0.85 1.14 1.22 1.33 0.68 0.82 1.73 1.11 0.57 0.57 0.99 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.78 0.78 0.96 1.06 1.62 1.50 2.09 1.48 0.93 1.18 1.80 1.18 0.61 0.63 0.53 #DIV/0! 1.33 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -22.41% -22.41% -4.17% 5.68% 61.57% 50.18% 108.73% 48.32% -7.37% 17.75% 79.60% 18.44% -38.85% -37.16% -46.55% #DIV/0! 33.38% <-Median-> 10 Graham Price
Graham No. EPS $4.38 $4.83 $4.86 $5.33 $6.11 $7.61 $8.81 $7.71 $8.23 $9.33 $6.31 $6.17 $6.52 $6.52 $7.67 $0.00 34.13% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.75 0.71 0.88 0.92 1.23 1.40 1.67 1.97 1.26 1.02 1.46 0.95 0.66 0.62 1.25 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.82 0.78 0.99 1.01 1.61 1.67 2.13 2.41 1.79 1.23 1.81 1.19 0.75 0.66 1.64 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.67 0.65 0.77 0.83 0.85 1.13 1.20 1.54 0.74 0.81 1.11 0.71 0.57 0.57 0.84 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.78 0.78 0.93 1.01 1.61 1.48 2.06 1.72 1.00 1.16 1.15 0.76 0.61 0.63 0.53 #DIV/0! 1.16 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -22.41% -22.41% -7.49% 1.07% 60.69% 48.05% 105.89% 71.64% 0.35% 16.04% 15.35% -23.93% -38.85% -37.16% -46.55% #DIV/0! 15.70% <-Median-> 10 Graham Price
Month Year Class A 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 39.00 <Count Years> Month, Year
Pre-split 2017 $9.30 $10.10 $13.91 $15.07 $20.49
Price Close $3.10 $3.37 $4.64 $5.02 $6.83 $11.70 $15.60 $13.69 $11.81 $10.48 $8.16 $4.99 $4.61 $4.10 $4.10 $4.10 -0.58% <-Total Growth 10 Stock Price
Increase 5.68% 8.60% 37.72% 8.34% 35.97% 71.30% 33.33% -12.24% -13.73% -11.26% -22.14% -38.85% -7.62% -11.06% 0.00% 0.00% 22.43 <-Median-> 10 CAPE (10 Yr P/E)
P/E 10.23 9.78 14.18 13.67 15.25 18.91 22.55 27.54 22.09 16.46 28.37 -64.26 -69.96 12.06 8.72 #DIV/0! -19.56% <-IRR #YR-> 5 Stock Price -66.33%
Trailing P/E 12.58 11.11 13.48 15.37 18.59 26.12 25.22 19.79 23.76 19.60 12.82 17.35 -59.36 -62.22 12.06 8.72 -0.06% <-IRR #YR-> 10 Stock Price -0.58%
CAPE (10 Yr P/E) 13.97 14.04 18.54 18.79 22.88 34.50 40.75 31.63 26.98 21.98 17.17 11.52 11.71 10.48 10.42 #DIV/0! -16.81% <-IRR #YR-> 5 Price & Dividend -57.85%
Median 10, 5 Yrs D.  per yr 4.18% 2.75% % Tot Ret 101.40% 0.00% T P/E $19.09 $17.35 P/E:  $17.69 $16.46 4.12% <-IRR #YR-> 10 Price & Dividend 42.08%
Price 15 D.  per yr 4.94% % Tot Ret 52.91% CAPE Diff -46.24% 4.40% <-IRR #YR-> 15 Stock Price 90.76%
Price  20 D.  per yr 4.23% % Tot Ret 54.96% 3.46% <-IRR #YR-> 20 Stock Price 97.57%
Price  25 D.  per yr 3.97% % Tot Ret 53.89% 3.40% <-IRR #YR-> 25 Stock Price 130.50%
Price  30 D.  per yr 4.50% % Tot Ret 51.60% 4.22% <-IRR #YR-> 30 Stock Price 245.75%
Price  35 D.  per yr 4.91% % Tot Ret 58.04% 3.55% <-IRR #YR-> 35 Stock Price 238.97%
Price  40 D.  per yr 4.19% % Tot Ret 55.82% 3.32% <-IRR #YR-> 39 Stock Price
Price & Dividend 15 9.34% <-IRR #YR-> 15 Price & Dividend 196.90%
Price & Dividend 20 7.69% <-IRR #YR-> 20 Price & Dividend 226.27%
Price & Dividend 25 7.37% <-IRR #YR-> 25 Price & Dividend 298.56%
Price & Dividend 30 8.72% <-IRR #YR-> 30 Price & Dividend 547.69%
Price & Dividend 35 8.46% <-IRR #YR-> 35 Price & Dividend 559.42%
Price & Dividend 40 7.51% <-IRR #YR-> 39 Price & Dividend
Price  5 -$13.69 $0.00 $0.00 $0.00 $0.00 $4.61 Price  5
Price 10 -$4.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.61 Price 10
Price & Dividend 5 -$13.69 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 5
Price & Dividend 10 -$4.64 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 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 $4.61 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 $4.61 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 $4.61 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 $4.61 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 $4.61 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.61 Price  40
Price & Dividend 15 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 15
Price & Dividend 20 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 20
Price & Dividend 25 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 25
Price & Dividend 30 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 30
Price & Dividend 35 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 35
Price & Dividend 40 $0.12 $0.12 $0.13 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.86 Price & Dividend 40
Month Year Class A Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 40.00 <Count Years> Month, Year
Pre-split 2017 $10.19 $11.25 $13.50 $16.16 $29.45
Price Close $3.40 $3.75 $4.50 $5.39 $9.82 $11.27 $18.14 $13.23 $8.26 $10.83 $7.28 $4.69 $3.99 $4.10 $4.10 $4.10 -11.33% <-Total Growth 10 Stock Price
Increase 10.16% 10.40% 20.00% 19.70% 82.24% 14.80% 60.96% -27.07% -37.57% 31.11% -32.78% -35.58% -14.93% 2.76% 0.00% 0.00% -1.20% <-IRR #YR-> 10 Stock Price -11.33%
P/E 11.21 10.90 13.77 14.66 21.92 18.22 26.22 26.62 15.45 17.01 25.31 -60.39 -60.55 12.06 8.72 #DIV/0! -21.32% <-IRR #YR-> 5 Stock Price -69.84%
Trailing P/E 13.78 12.37 13.08 16.48 26.72 25.16 29.32 19.12 16.62 20.26 11.44 16.30 -51.38 -62.22 12.06 8.72 3.34% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 4.54% 3.00% % Tot Ret 135.80% -16.35% T P/E 17.87 16.30 P/E:  17.62 15.45 -18.32% <-IRR #YR-> 5 Price & Dividend
-$4.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.99
-$13.23 $0.00 $0.00 $0.00 $0.00 $3.99
-$4.50 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.24
-$13.23 $0.21 $0.22 $0.24 $0.25 $4.24
Price H/L Median $3.27 $3.45 $4.28 $4.93 $7.50 $10.64 $14.69 $15.22 $10.40 $9.52 $9.23 $5.87 $4.30 $4.03 0.35% <-Total Growth 10 Stock Price
Increase 14.01% 5.61% 24.00% 15.07% 52.22% 41.86% 38.08% 3.64% -31.70% -8.42% -3.05% -36.46% -26.77% -6.29% 0.03% <-IRR #YR-> 10 Stock Price 0.35%
P/E 10.78 10.03 13.09 13.40 16.74 17.19 21.22 30.62 19.44 14.96 32.09 -75.52 -65.18 11.84 -22.36% <-IRR #YR-> 5 Stock Price -71.78%
Trailing P/E 13.26 11.39 12.44 15.07 20.40 23.74 23.74 22.00 20.92 17.81 14.50 20.39 -55.31 -61.08 4.53% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 12.70 12.55 12.55 15.51 20.95 25.26 29.94 29.01 18.63 15.98 17.43 15.61 16.33 17.96 -19.66% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 14.73 14.40 17.11 18.43 25.11 31.36 38.36 35.16 23.74 19.97 19.42 13.54 10.91 10.29 13.12 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.50% 2.70% % Tot Ret 99.23% -13.71% T P/E 20.40 17.81 P/E:  16.96 14.96 Count 36 Years of data
-$4.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.30
-$15.22 $0.00 $0.00 $0.00 $0.00 $4.30
-$4.28 $0.14 $0.15 $0.16 $0.18 $0.20 $0.21 $0.22 $0.24 $0.25 $4.54
-$15.22 $0.21 $0.22 $0.24 $0.25 $4.54
High Months Feb 12 Mar 13 Jul 13 Feb 15 Mar 16 Oct 16 Mar 18 Apr 18 Aug 19 Nov 20 May 21 Jun 22 Jan 24 Jul 24
Pre-split 2017 $10.79 $11.25 $14.40 $16.21 $29.45
Price High $3.60 $3.75 $4.80 $5.40 $9.82 $12.69 $18.77 $18.59 $14.70 $11.49 $11.43 $7.33 $4.89 $4.30 1.88% <-Total Growth 10 Stock Price
Increase 16.65% 4.26% 28.00% 12.57% 81.68% 29.27% 47.91% -0.96% -20.93% -21.84% -0.52% -35.87% -33.29% -12.07% 0.19% <-IRR #YR-> 10 Stock Price 1.88%
P/E 11.87 10.90 14.68 14.71 21.92 20.51 27.13 37.40 27.49 18.05 39.74 -94.39 -74.21 12.65 -23.44% <-IRR #YR-> 5 Stock Price -73.70%
Trailing P/E 14.59 12.37 13.95 16.53 26.72 28.33 30.34 26.87 29.58 21.49 17.96 25.48 -62.97 -65.26 14.71 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 26.10 21.49 P/E:  21.21 18.05 21.07 P/E Ratio Historical High
-$4.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.89
-$18.59 $0.00 $0.00 $0.00 $0.00 $4.89
Low Months Mar 11 Jul 12 Apr 13 May 14 Apr 15 Jun 16 Jun 17 Dec 18 Mar 20 Apr 20 Feb 22 Mar 23 Nov 23 May 24
Price Low $2.94 $3.15 $3.76 $4.45 $5.18 $8.58 $10.60 $11.85 $6.09 $7.55 $7.03 $4.40 $3.70 $3.75 -1.60% <-Total Growth 10 Stock Price 0.49%
Increase 10.94% 7.26% 19.24% 18.26% 16.42% 65.74% 23.54% 11.79% -48.61% 23.97% -6.89% -37.41% -15.91% 1.35% -0.16% <-IRR #YR-> 10 Stock Price -0.05%
P/E 9.70 9.16 11.50 12.10 11.56 13.87 15.32 23.84 11.39 11.86 24.44 -56.66 -56.15 11.03 -20.77% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.93 10.40 10.93 13.60 14.09 19.16 17.13 17.13 12.25 14.12 11.04 15.30 -47.64 -56.91 11.39 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 14.10 12.25 P/E:  11.98 11.39 8.25 P/E Ratio Historical Low
-$3.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.70
Premium for Class B $0.02 -$0.05 $1.50 $1.76 $0.95 -$0.07 -$0.11 $0.14 -$0.36 $2.90 $2.47 $1.11 $0.97 $1.25 $1.03 <-Median-> 10 Class B Versus Class A
As percent of Class A 0.69% -1.33% 33.33% 32.74% 9.71% -0.62% -0.61% 1.06% -4.36% 26.78% 33.93% 23.67% 24.31% 30.49% 16.69% <-Median-> 10 Class B Versus Class A
Month Year Class B Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 40.00 <Count Years> Month, Year
Pre-split 2017 $10.19 $11.25 $13.50 $16.16 $29.45
Price Close $3.42 $3.70 $6.00 $7.15 $10.77 $11.20 $18.03 $13.37 $7.90 $13.73 $9.75 $5.80 $4.96 $5.35 $5.35 $5.35 -17.33% <-Total Growth 10 Stock Price
Increase 5.23% 8.19% 62.16% 19.17% 50.63% 3.99% 60.98% -25.85% -40.91% 73.80% -28.99% -40.51% -14.48% 7.86% 0.00% 0.00% 11.68% <-IRR #YR-> 10 Stock Price -17.33%
P/E 11.21 10.90 13.77 14.66 21.92 18.22 26.22 26.62 15.45 17.01 25.31 -60.39 20.16 #DIV/0! #DIV/0! #DIV/0! 27.11% <-IRR #YR-> 5 Stock Price -62.90%
Trailing P/E 13.78 12.37 13.08 16.48 26.72 25.16 29.32 19.12 16.62 20.26 11.44 16.30 -51.38 -62.22 12.06 8.72 13.74% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 2.05% 2.60% % Tot Ret 14.96% 8.76% T P/E 17.87 16.30 P/E:  19.19 17.01 29.71% <-IRR #YR-> 5 Price & Dividend
-$3.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.27
-$3.40 $0.00 $0.00 $0.00 $0.00 $11.27
-$3.73 $0.10 $0.11 $0.11 $0.11 $0.12 $0.12 $0.13 $0.14 $0.15 $11.43
-$3.40 $0.12 $0.13 $0.14 $0.15 $11.43
Free Cash Flow WSJ $11.392 $5.728 $1.751 $26.528 $13.844 $23.468 $1.980 -$3.547 -100.00% <-Total Growth 7 Free Cash Flow WSJ
Change -49.72% -69.43% 1415.02% -47.81% 69.52% -91.56% -279.14% -0.50 <-Median-> 7 Change
Dividend Percentage paid 54.01% 115.66% 419.87% 32.30% 66.24% 39.03% 515.10% -291.94% 60.12% <-Median-> 8 Dividend Percentage paid
5 Year Coverage 63.92% 57.31% 65.78% 76.20% 64.85% <-Median-> 4 5 Year Coverage
$18.240 $19.690 $12.560 $17.260 $10.530 $20.470 $12.130 $9.050 $7.910 $11.810 FCF MS given 2024
Free Cash Flow MS -$1.674 $0.376 $13.833 $17.002 $11.392 $4.906 $1.373 $25.658 $8.240 $4.580 -$7.310 -$6.580 $11.810 $23.500 $27.000 -14.62% <-Total Growth 10 Free Cash Flow
Change -111.29% 122.46% 3578.99% 22.91% -33.00% -56.93% -72.01% 1768.75% -67.89% -44.42% -259.61% 9.99% 279.48% 98.98% 14.89% -14.37% <-IRR #YR-> 5 Free Cash Flow MS -53.97%
FCF/CF from Op Ratio -0.24 0.03 0.55 0.66 0.52 0.19 0.06 0.52 0.26 0.11 -0.47 -0.48 0.31 0.62 #VALUE! -1.57% <-IRR #YR-> 10 Free Cash Flow MS -14.62%
Dividends paid $5.040 $5.009 $5.424 $5.770 $6.153 $6.625 $7.352 $8.569 $9.170 $9.160 $10.199 $10.355 $10.382 $10.673 $10.673 91.41% <-Total Growth 10 Dividends paid
Percentage paid -301.08% 1332.18% 39.21% 33.94% 54.01% 135.04% 535.47% 33.40% 111.29% 200.00% -139.52% -157.37% 87.91% 45.42% 39.53% $0.71 <-Median-> 10 Percentage paid
5 Year Coverage 58.52% 66.94% 61.00% 64.58% 57.13% 73.43% 91.33% 136.60% 192.99% 458.72% 195.27% 107.98% 5 Year Coverage
Dividend Coverage Ratio -0.33 0.08 2.55 2.95 1.85 0.74 0.19 2.99 0.90 0.50 -0.72 -0.64 1.14 2.20 2.53 0.82 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 1.71 1.49 1.64 1.55 1.75 1.36 1.09 0.73 0.52 0.22 0.51 0.93 5 Year of Coverage
Market Cap $145.70 $160.85 $193.02 $231.05 $418.13 $480.03 $801.30 $584.60 $360.10 $472.94 $313.93 $202.54 $173.12 $177.89 $177.89 $177.89 -10.31% <-Total Growth 10 Market Cap
Class A 33.881 33.881 33.881 33.881 33.851 33.581 34.540 35.979 35.835 35.471 35.201 35.019 35.138 35.038 3.71% <-Total Growth 10 Diluted
Class B 9.012 9.012 9.012 9.012 9.012 9.012 8.987 8.201 8.105 8.180 8.144 8.144 8.144 8.144 -9.63% <-Total Growth 10 Diluted
Diluted # of Shares in Million 45.90 45.90 45.90 45.90 45.87 42.59 43.53 44.18 43.94 43.65 43.35 43.16 43.28 43.18 -5.70% <-Total Growth 10 Diluted
Change -3.57% 0.00% 0.00% 0.00% -0.07% -7.14% 2.19% 1.50% -0.54% -0.66% -0.70% -0.42% 0.27% -0.23% -0.24% <-Median-> 10 Change
Difference Diluted/Basic -6.5% -6.5% -6.5% -6.5% -6.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.00% <-Median-> 10 Difference Diluted/Basic
Class A 33.881 33.881 33.881 33.881 33.851 33.581 34.540 35.979 35.835 35.471 35.201 35.019 35.138 35.138 35.14 3.71% <-Total Growth 10 Basic
Class B 9.012 9.012 9.012 9.012 9.012 9.012 8.987 8.201 8.105 8.180 8.144 8.144 8.144 8.144 8.14 -9.63% <-Total Growth 10 Basic
Basic # of Shares in Millions 42.89 42.89 42.89 42.89 42.86 42.59 43.53 44.18 43.94 43.65 43.35 43.16 43.28 43.28 43.28 0.90% <-Total Growth 10 Basic
Change -3.81% 0.00% 0.00% 0.00% -0.07% -0.63% 2.19% 1.50% -0.54% -0.66% -0.70% -0.42% 0.27% 0.00% 0.00% -0.24% <-Median-> 10 Change
Difference Basic/Outstanding 0.0% 0.0% 0.0% 0.0% -0.6% 0.0% 1.5% 0.0% -0.8% 0.0% -0.5% 0.0% 0.2% 0.2% 0.2% 0.01% <-Median-> 10 Difference Basic/Outstanding
Class A 33.881 33.881 33.881 33.881 33.581 33.581 35.471 35.988 35.404 35.526 34.978 35.041 35.244 35.244 35.244 35.244 81.23% % of Total Shares 4.02%
Class B 9.012 9.012 9.012 9.012 9.012 9.012 8.702 8.199 8.192 8.144 8.144 8.144 8.144 8.144 8.144 8.144 18.77% % of Total Shares -9.63%
# of Share in Millions 42.894 42.894 42.894 42.894 42.594 42.594 44.173 44.187 43.596 43.670 43.122 43.185 43.388 43.388 43.388 43.388 0.11% <-IRR #YR-> 10 Shares 1.15%
Increase 0.00% 0.00% 0.00% 0.00% -0.70% 0.00% 3.71% 0.03% -1.34% 0.17% -1.25% 0.15% 0.47% 0.00% 0.00% 0.00% -0.36% <-IRR #YR-> 5 Shares -1.81%
Cash Flow from Operations $M $6.99 $13.33 $25.02 $25.84 $21.79 $25.56 $21.75 $49.04 $31.54 $41.12 $15.59 $13.75 $38.12 $38.12 <-12 mths 52.35% <-Total Growth 10 Cash Flow
Increase -69.62% 90.55% 87.75% 3.27% -15.65% 17.30% -14.93% 125.52% -35.68% 30.36% -62.08% -11.79% 177.12% 0.00% <-12 mths Buy Backs ESPP, SO
5 year Running Average $14.0 $14.9 $17.2 $18.8 $18.6 $22.3 $24.0 $28.8 $29.9 $33.8 $31.8 $30.2 $28.0 $29.3 <-12 mths 63.30% <-Total Growth 10 CF 5 Yr Running
CFPS $0.16 $0.31 $0.58 $0.60 $0.51 $0.60 $0.49 $1.11 $0.72 $0.94 $0.36 $0.32 $0.88 $0.88 <-12 mths 50.61% <-Total Growth 10 Cash Flow per Share
Increase -69.62% 90.55% 87.75% 3.27% -15.06% 17.30% -17.97% 125.45% -34.81% 30.14% -61.60% -11.92% 175.82% 0.00% <-12 mths 4.30% <-IRR #YR-> 10 Cash Flow 52.35%
5 year Running Average $0.32 $0.34 $0.40 $0.44 $0.43 $0.52 $0.56 $0.66 $0.69 $0.77 $0.73 $0.69 $0.64 $0.68 <-12 mths -4.92% <-IRR #YR-> 5 Cash Flow -22.28%
P/CF on Med Price 20.05 11.11 7.34 8.18 14.65 17.72 29.83 13.71 14.37 10.11 25.53 18.41 4.89 4.58 <-12 mths 4.18% <-IRR #YR-> 10 Cash Flow per Share 50.61%
P/CF on Closing Price 20.83 12.07 7.72 8.94 19.19 18.78 36.85 11.92 11.42 11.50 20.13 14.73 4.54 4.67 <-12 mths -4.57% <-IRR #YR-> 5 Cash Flow per Share -20.85%
-67.83% Diff M/C 4.97% <-IRR #YR-> 10 CFPS 5 yr Running 62.47%
Excl.Working Capital CF $25.31 $19.07 $6.89 $9.35 $18.89 $18.60 $31.97 $3.63 $30.61 $21.46 $24.04 $30.07 $2.56 $2.56 <-12 mths -0.57% <-IRR #YR-> 5 CFPS 5 yr Running -2.80%
CF fr Op $M WC $32.3 $32.4 $31.9 $35.2 $40.7 $44.2 $53.7 $52.7 $62.2 $62.6 $39.6 $43.8 $40.7 $40.7 <-12 mths 27.46% <-Total Growth 10 Cash Flow less WC
Increase 2.59% 0.27% -1.49% 10.29% 15.60% 8.57% 21.63% -1.94% 17.98% 0.69% -36.68% 10.59% -7.19% 0.00% <-12 mths 2.46% <-IRR #YR-> 10 Cash Flow less WC 27.46%
5 year Running Average $23.3 $26.2 $28.7 $32.7 $34.5 $36.9 $41.1 $45.3 $50.7 $55.1 $54.2 $52.2 $49.8 $45.5 <-12 mths -5.04% <-IRR #YR-> 5 Cash Flow less WC -22.80%
CFPS Excl. WC $0.75 $0.76 $0.74 $0.82 $0.96 $1.04 $1.22 $1.19 $1.43 $1.43 $0.92 $1.01 $0.94 $0.94 <-12 mths 5.65% <-IRR #YR-> 10 CF less WC 5 Yr Run 73.25%
Increase 2.58% 0.27% -1.49% 10.29% 16.41% 8.57% 17.28% -1.97% 19.58% 0.52% -35.87% 10.43% -7.63% 0.00% <-12 mths 1.91% <-IRR #YR-> 5 CF less WC 5 Yr Run 9.90%
5 year Running Average $0.53 $0.60 $0.67 $0.76 $0.81 $0.86 $0.95 $1.04 $1.17 $1.26 $1.24 $1.20 $1.15 $1.05 <-12 mths 2.34% <-IRR #YR-> 10 CFPS - Less WC 26.01%
P/CF on Med Price 4.34 4.57 5.75 6.00 7.85 10.26 12.08 12.77 7.29 6.64 10.04 5.78 4.58 4.29 <-12 mths -4.70% <-IRR #YR-> 5 CFPS - Less WC -21.37%
P/CF on Closing Price 4.51 4.97 6.05 6.57 10.28 10.87 14.92 11.10 5.79 7.56 7.92 4.62 4.26 4.37 <-12 mths 5.56% <-IRR #YR-> 10 CFPS 5 yr Running 71.85%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 14.51 5 yr  14.37 P/CF Med 10 yr 7.57 5 yr  6.64 -42.22% Diff M/C 1.88% <-IRR #YR-> 5 CFPS 5 yr Running 9.75%
-$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 Cash Flow per Share
-$1.11 $0.00 $0.00 $0.00 $0.00 $0.88 Cash Flow per Share
-$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 CFPS 5 yr Running
-$0.66 $0.00 $0.00 $0.00 $0.00 $0.64 CFPS 5 yr Running
-$31.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $40.7 Cash Flow less WC
-$52.7 $0.0 $0.0 $0.0 $0.0 $40.7 Cash Flow less WC
-$28.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $49.8 CF less WC 5 Yr Run
-$45.3 $0.0 $0.0 $0.0 $0.0 $49.8 CF less WC 5 Yr Run
-$0.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.94 CFPS - Less WC
-$1.19 $0.00 $0.00 $0.00 $0.00 $0.94 CFPS - Less WC
-$0.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running
-$1.04 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running
OPM 2.53% 4.61% 8.40% 8.18% 6.52% 7.46% 5.98% 12.85% 8.25% 10.46% 4.10% 3.60% 9.88% 9.83% 17.59% <-Total Growth 10 OPM
Increase -70.88% 82.47% 82.28% -2.57% -20.34% 14.45% -19.91% 114.95% -35.77% 26.80% -60.77% -12.30% 174.45% -0.50% Should increase  or be stable.
Diff from Ave -67.7% -41.1% 7.4% 4.6% -16.7% -4.6% -23.6% 64.2% 5.5% 33.7% -47.5% -54.0% 26.3% 25.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 7.82% 5 Yrs 8.25% should be  zero, it is a   check on calculations
EBITA $33.49 $33.73 $35.18 $40.92 $45.14 $52.86 $52.88 $61.50 $63.05 $39.19 $38.01 $50.31 $50.30 $52.20 49.16% <-Total Growth 10 EBITA
Change 0.72% 4.31% 16.29% 10.32% 17.11% 0.03% 16.31% 2.51% -37.84% -3.00% 32.35% -0.02% 3.78% 7.32% <-Median-> 10 Change
Margin 11.58% 11.33% 11.14% 12.24% 13.17% 14.53% 13.85% 16.09% 16.04% 10.31% 9.95% 13.04% 12.97% 13.33% 13.11% <-Median-> 10 Margin
Long Term Debt $20.27 $48.20 $46.68 $116.26 $106.88 $95.52 $174.54 $192.07 $208.09 $209.29 $209.29 Debt Type
Change 137.81% -3.16% 149.06% -8.07% -10.63% 82.74% 10.04% 8.34% 0.58% 0.00% 8.34% <-Median-> 9 Change Lg Term R
Debt/Market Cap Ratio 0.09 0.12 0.10 0.15 0.18 0.27 0.37 0.61 1.03 1.21 1.18 0.22 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 3.88 3.89 4.01 4.89 4.70 3.94 9.93 10.26 9.47 9.42 9.42 4.79 <-Median-> 10 Assets/Current Liabilities Liquidity
Debt to Cash Flow (Years) 0.78 2.21 1.83 5.35 2.18 3.03 4.24 12.32 15.13 5.49 5.49 3.64 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $13.62 $12.61 $12.61 $12.33 $11.04 $10.60 $17.73 $16.93 $25.07 $39.65 $43.99 $43.07 $40.46 $40.46 220.95% <-Total Growth 10 Intangibles Leverage
Goodwill $37.47 $37.47 $37.47 $37.47 $37.47 $37.47 $53.64 $53.64 $53.64 $53.64 $53.64 $53.64 $53.64 $53.64 43.14% <-Total Growth 10 Goodwill D/E Ratio
Total $51.09 $50.08 $50.08 $49.80 $48.51 $48.07 $71.37 $70.57 $78.71 $93.29 $97.63 $96.70 $94.10 $94.10 87.90% <-Total Growth 10 Total
Change -1.99% 0.00% -0.55% -2.59% -0.91% 48.46% -1.12% 11.53% 18.53% 4.65% -0.95% -2.69% 0.00% -0.73% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.35 0.31 0.26 0.22 0.12 0.10 0.09 0.12 0.22 0.20 0.31 0.48 0.54 0.53 0.21 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $137.41 $144.19 $146.13 $146.76 $150.87 $160.57 $198.01 $196.70 $214.11 $225.30 $236.21 $246.17 $230.38 $230.38 57.66% <-Total Growth 10 Current Assets
Current Liabilities $102.54 $102.52 $101.56 $77.78 $79.20 $81.74 $93.60 $99.40 $130.46 $54.62 $54.38 $59.85 $58.71 $58.71 -72.98% <-Total Growth 10 Current Liabilities
Liquidity 1.34 1.41 1.44 1.89 1.90 1.96 2.12 1.98 1.64 4.13 4.34 4.11 3.92 3.92 2.05 <-Median-> 10 Ratio
Liq. with CF aft div 1.36 1.49 1.63 2.14 2.10 2.19 2.26 2.38 1.81 4.71 4.44 4.17 4.39 4.39 4.39 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.25 1.34 1.47 1.93 1.86 1.75 1.11 1.93 1.54 2.82 3.52 3.11 3.51 4.39 3.11 <-Median-> 5 Ratio
Assets $285.55 $296.52 $301.02 $301.51 $308.31 $327.48 $457.78 $467.02 $513.92 $542.52 $558.07 $566.75 $553.20 $553.20 83.78% <-Total Growth 10 Assets
Liabilities $165.00 $167.11 $163.01 $154.14 $150.57 $150.16 $237.53 $232.27 $268.40 $276.95 $292.67 $313.11 $311.76 $311.76 91.25% <-Total Growth 10 Liabilities
Debt Ratio 1.73 1.77 1.85 1.96 2.05 2.18 1.93 2.01 1.91 1.96 1.91 1.81 1.77 1.77 1.94 <-Median-> 10 Ratio
Book Value $120.6 $129.4 $138.0 $147.4 $157.7 $177.3 $220.2 $234.8 $245.5 $265.6 $265.4 $253.6 $241.4 $241.4 $241.4 $241.4 74.95% <-Total Growth 10 Book Value
Book Value per share $2.81 $3.02 $3.22 $3.44 $3.70 $4.16 $4.99 $5.31 $5.63 $6.08 $6.15 $5.87 $5.56 $5.56 $5.56 $5.56 72.96% <-Total Growth 10 Book Value per Share
Change 5.13% 7.34% 6.64% 6.78% 7.79% 12.41% 19.77% 6.55% 6.01% 7.98% 1.20% -4.57% -5.26% 0.00% 0.00% 0.00% -56.80% P/B Ratio Current/10 Year Median
5 Yr Running Average 5.88% 5.85% 8.33% 6.20% 6.74% 8.20% 10.68% 10.66% 10.51% 10.55% 8.30% 3.44% 1.07% -0.13% -1.72% -1.97% -87.11% <-Total Growth 10 Book Value
P/B Ratio (Median) 1.16 1.14 1.33 1.43 2.02 2.55 2.95 2.86 1.85 1.57 1.50 1.00 0.77 0.72 1.41 P/BV Ratio Historical Median
P/B Ratio (Close) 1.21 1.24 1.40 1.57 2.65 2.71 3.64 2.49 1.47 1.78 1.18 0.80 0.72 0.74 0.74 0.74 5.63% <-IRR #YR-> 10 Book Value -179.10%
Change 4.79% 2.85% 12.52% 12.10% 69.07% 2.13% 34.39% -31.55% -41.10% 21.42% -33.58% -32.49% -10.21% 2.76% 0.00% 0.00% 0.93% <-IRR #YR-> 5 Book Value -180.21%
Leverage (A/BK) 2.37 2.29 2.18 2.05 1.95 1.85 2.08 1.99 2.09 2.04 2.10 2.23 2.29 2.29 2.06 <-Median-> 10 A/BV
Debt/Equity Ratio 1.37 1.29 1.18 1.05 0.95 0.85 1.08 0.99 1.09 1.04 1.10 1.23 1.29 1.29 1.06 <-Median-> 10 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.71 5 yr Med 1.50 -56.80% Diff M/C 2.06 Historical 32 A/BV
-$3.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.56
-$5.31 $0.00 $0.00 $0.00 $0.00 $5.56
Comprehensive Income $11.26 $13.86 $13.87 $15.20 $18.86 $26.34 $29.72 $22.05 $24.10 $28.21 $13.89 -$3.02 -$2.55 -118% <-Total Growth 10 Comprehensive Income
Increase 2.49% 23.06% 0.02% 9.64% 24.08% 39.67% 12.83% -25.80% 9.29% 17.02% -50.74% -121.72% 15.54% 9.29% <-Median-> 5 Comprehensive Income
5 Yr Running Average $11.03 $11.53 $14.33 $13.04 $14.61 $17.63 $20.80 $22.44 $24.22 $26.09 $23.60 $17.05 $12.13 #NUM! <-IRR #YR-> 10 Comprehensive Income -118.38%
ROE 9.3% 10.7% 10.0% 10.3% 12.0% 14.9% 13.5% 9.4% 9.8% 10.6% 5.2% -1.2% -1.1% #NUM! <-IRR #YR-> 5 Comprehensive Income -111.56%
5Yr Median 9.6% 9.6% 10.0% 10.0% 10.3% 10.7% 12.0% 12.0% 12.0% 10.6% 9.8% 9.4% 5.2% -1.65% <-IRR #YR-> 10 5 Yr Running Average -15.37%
% Difference from NI -13.4% -6.1% -1.1% -3.6% -1.8% 0.0% -1.3% 0.4% 2.6% 1.5% 11.4% -10.0% -10.6% -11.58% <-IRR #YR-> 5 5 Yr Running Average -45.95%
Median Values Diff 5, 10 yr -0.7% 1.5% 5.2% <-Median-> 5 Return on Equity
-$13.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$2.5
-$22.1 $0.0 $0.0 $0.0 $0.0 -$2.5
-$14.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $12.1
-$22.4 $0.0 $0.0 $0.0 $0.0 $12.1
Current Liability Coverage Ratio 0.32 0.32 0.31 0.45 0.51 0.54 0.57 0.53 0.48 1.15 0.73 0.73 0.69 0.69   CFO / Current Liabilities
5 year Median 0.19 0.32 0.32 0.32 0.32 0.45 0.51 0.53 0.53 0.54 0.57 0.73 0.73 0.73 0.73 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 11.31% 10.92% 10.60% 11.67% 13.19% 13.49% 11.73% 11.28% 12.09% 11.53% 7.10% 7.73% 7.35% 7.35% CFO / Total Assets
5 year Median 6.86% 10.92% 10.92% 11.31% 11.31% 11.67% 11.73% 11.73% 12.09% 11.73% 11.53% 11.28% 7.73% 7.35% 7.7% <-Median-> 5 Return on Assets 
Return on Assets ROA 4.55% 4.98% 4.66% 5.23% 6.23% 8.05% 6.58% 4.70% 4.57% 5.12% 2.23% -0.59% -0.52% 2.66% Net  Income/Assets Return on Assets
5Yr Median 4.38% 4.55% 4.66% 4.66% 4.98% 5.23% 6.23% 6.23% 6.23% 5.12% 4.70% 4.57% 2.23% 2.23% 4.9% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 10.78% 11.41% 10.16% 10.70% 12.17% 14.86% 13.67% 9.35% 9.57% 10.46% 4.70% -1.32% -1.18% 6.10% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 10.78% 10.78% 10.78% 10.70% 10.78% 11.41% 12.17% 12.17% 12.17% 10.46% 9.57% 9.35% 4.70% 4.70% 10.0% <-Median-> 10 Return on Equity
$6.2 <-12 mths 317.96% Estimates Last 12 months from Qtr
Net Income Total for Classes A & B $13.0 $14.8 $14.0 $15.8 $19.2 $26.4 $30.1 $22.0 $23.5 $27.8 $12.5 -$3.4 -$2.9 $14.7 $20.3 -120% <-Total Growth 10 Net Income
Increase 18.30% 13.52% -5.00% 12.41% 21.81% 37.25% 14.30% -27.09% 7.00% 18.27% -55.13% -126.88% -14.92% -615.98% 38.24% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $11.4 $12.1 $14.9 $13.7 $15.3 $18.0 $21.1 $22.7 $24.2 $25.9 $23.2 $16.5 $11.5 $9.8 $8.3 #NUM! <-IRR #YR-> 10 Net Income
Operating Cash Flow $6.99 $13.33 $25.02 $25.84 $21.79 $25.56 $21.75 $49.04 $31.54 $41.12 $15.59 $13.75 $38.12 #NUM! <-IRR #YR-> 5 Net Income
Investment Cash Flow -$9.24 -$11.42 -$11.17 -$8.83 -$10.38 -$20.48 -$97.81 -$23.37 -$23.31 -$36.54 -$14.11 -$20.34 -$14.84 -2.54% <-IRR #YR-> 10 5 Yr Running Average
Total Accruals $15.25 $12.85 $0.17 -$1.25 $7.79 $21.27 $106.18 -$3.72 $15.26 $23.21 $10.98 $3.24 -$26.13 -12.68% <-IRR #YR-> 5 5 Yr Running Average
Total Assets $285.55 $296.52 $301.02 $301.51 $308.31 $327.48 $457.78 $467.02 $513.92 $542.52 $558.07 $566.75 $553.20 Balance Sheet Assets
Accruals Ratio 5.34% 4.33% 0.06% -0.41% 2.53% 6.49% 23.19% -0.80% 2.97% 4.28% 1.97% 0.57% -4.72% 1.97% <-Median-> 5 Ratio
EPS/CF Ratio 0.40 0.46 0.44 0.45 0.47 0.60 0.57 0.42 0.38 0.44 0.31 -0.08 -0.07 0.43 <-Median-> 10 EPS/CF Ratio
-$14.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$2.9
-$22.0 $0.0 $0.0 $0.0 $0.0 -$2.9
-$14.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $11.5
-$22.7 $0.0 $0.0 $0.0 $0.0 $11.5
Chge in Close 10.16% 10.40% 20.00% 19.70% 82.24% 14.80% 60.96% -27.07% -37.57% 31.11% -32.78% -35.58% -14.93% 2.76% 0.00% 0.00% Count 30 Years of data
up/down/neutral down Down Down Count 10 33.33%
Any Predictions? Yes % right Count 5 50.00%
Financial Cash Flow $2.25 -$1.91 -$13.85 -$17.01 -$11.41 -$5.08 $76.07 -$25.68 -$8.24 -$1.84 -$2.92 $5.28 -$23.28 C F Statement  Financial Cash Flow
Total Accruals $13.00 $14.76 $14.02 $15.76 $19.20 $26.35 $30.12 $21.96 $23.49 $25.05 $13.91 -$2.05 -$2.85 Accruals
Accruals Ratio 4.55% 4.98% 4.66% 5.23% 6.23% 8.05% 6.58% 4.70% 4.57% 4.62% 2.49% -0.36% -0.52% 2.49% <-Median-> 5 Ratio
Cash $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.74 $1.30 $0.00 $0.00 $0.00 Cash Yes = 0
Cash per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.06 $0.03 $0.00 $0.00 $0.00 $0.00 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.58% 0.41% 0.00% 0.00% 0.00% 0.00% <-Median-> 5 % of Stock Price
Notes:
July 29, 2024.  Last estimates were for 2024 and 2025 of $390M, $398M Revenue, $0.19, $0.32 AEPS, $0.19M, $0.32 EPS, $8.2M, $13.8M Net Income.
July 24, 2023.  Last estimates were for 2023 and 2024 of $389M, $397M for Revenue, $0.40 and $0.53 for AEPS, $0.26 and 0.53 4 for EPS.
July 30, 2022.  Last estimates were for 2022 and 2023 of $399M, $414M for Revenue, $0.54 and $0.69 for EPS Class A, $0.54 and $0.69 for EPS, $.241 for Div for 2022, $29.4 for 2022 for Net Income.
August 1, 2021.  Last estimates were for 2021 and 2022 of $369M, $383M for Revenue, $0.66 and $0.66 for EPS, $17.2M and $29.4M for Net Income.
August 8, 2020.  Last estimates were for 2020 and 2021 of $394M and $407M for Revenue, $0.67 and $0.74 for EPS and $29.7M and $32.6M for Net Income.
August 16, 2019.  Last estimates were for 2019 and 2020 of $391M and $40M for Revenue, $0.76 and $0.80 for EPS for the company, $0.76 ad $0.80 for EPS for Class A.
August 18, 2018.  There were no estimate for last year.
August 26, 2017.  There were no estimates last year.
August 27, 2015.  There were no estimates last year.
August 21, 2015.  There were no estimaes last year.
August 24, 2014.  There were no estimaes last year.
July 5, 2013.  Last estimates were for 2013 and 2014 of $1.05 for earnings.
October 28, 2012.  There were no last Estimates.
Sep 24, 2011.  When I last looked at this stock I got earnings of $.69 for March 2011.  There are no analysts following this stock.
Earnings for March 2011 was $1.49 or $21.7M, but earnings for continuing operations was just $.66 or $9.526  Sites are using that for continuing operations.
Oct 10, 2009, When I look at this stock in Apr 2009, I got 2009 earnings estimates of $.29, but they came in at -$.01
April 2009 AR2008. What concerns me is the lack of progress in Cash Flow.  Cash Flow is all over the place on this company.  It has provided support for the Book Value, but Book Value has only increase
 by just over 6% a year.  Not Great.  If it had been increasing at a higher rate it would be better.  The concern on Cash Flow remains as it does not improve re 5 year averages.
2006.  Name was changed to Andrew Peller Ltd.
Formerly Andres Wines Ltd
They give earnings separately for A & B shares?
Sector:
Consumer Staple, Consumer
What should this stock accomplish?
Would I buy this company and Why.
Yes, it is a dividend growth company, although it does not consistently raise divdends.
Shareholders have done fine over time.
Why am I following this stock. 
This stock was on Mike Higgs' dividend growth stock list. I owned this stock as Andres Wines Ltd between 1996 and 2000.  When I held this stock it was called Andres Wines Ltd.
Dividends
Dividends are paid quarterly in Cycle 1 of April, July, October and January.  Dividends are declared for shareholders of record of one month and paid in the following month.
For example, the dividend declared on June 4, 2014 was for shareholders of record of June 30, 2014 and was paid on July 4, 2014.
Class A Shares, non-voting 
Class B Shares, voting
How they make their money.
Andrew Peller Ltd is a wine-producing company. The company is engaged in the production, bottling, and marketing of wine, spirits, and craft beverage alcohol products in Canada. 
The Company owns and operates independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store. 
Class A shares are non-voting.
Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. The Company 
owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.   
Peller family owns the Class B shares.
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.
Updated for 2017 Split updated 
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 Aug 26 2017 Aug 18 2018 Aug 16 2019 Aug 8 2020 Aug 1 2021 Jul 30 2022 Jul 24 2023 Jul 29 2024
Dubkowski, Paul  0.000 0.00% 0.001 0.00% 0.003 0.01% A Used to be CFO 88.27%
CFO - Shares - Amount $0.000 $0.006 $0.011 A
Options - percentage 0.009 0.02% 0.059 0.14% 0.337 0.78% 472.22%
Options - amount $0.040 $0.235 $1.383
#DIV/0!
A Seems to be none 2024 #DIV/0!
CFO - Shares - Amount A
Options - percentage #DIV/0!
Options - amount
Attridge, Steven John 0.000 0.00% 0.000 0.00% 0.001 0.00% 0.001 0.00% A #DIV/0!
CFO - Shares - Amount $0.000 $0.000 $0.010 $0.006 A
Options - percentage 0.019 0.04% 0.048 0.11% 0.094 0.22% 0.129 0.30% #DIV/0!
Options - amount $0.157 $0.521 $0.684 $0.606
Athaide, Brian D. 0.01% 0.009 0.02% No information in 2015
CFO - Shares - Amount $0.054 $0.116 Ceased insider Mar2018
Options - percentage 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Berti, Gregory John 0.24% 0.095 0.22% 0.096 0.22% 0.097 0.22% 0.098 0.22% 0.100 0.23% 0.100 0.23% 0.101 0.29% 0.102 0.29% A VP 0.63%
Officer - Shares - Amount $1.146 $1.727 $1.269 $0.799 $1.061 $0.724 $0.467 $0.404 $0.417 A
Options - percentage 0.00% 0.000 0.00% 0.014 0.03% 0.020 0.05% 0.028 0.06% 0.039 0.09% 0.049 0.11% 0.061 0.14% 0.083 0.19% 35.87%
Options - amount $0.000 $0.000 $0.188 $0.162 $0.302 $0.283 $0.231 $0.244 $0.341
O'Brien, Patrick Raymond 0.005 0.02% 0.007 0.02% A 37.98%
Officer - Shares - Amount $0.021 $0.030 A
Options - percentage 0.142 0.33% 0.314 0.72% 121.33%
Options - amount $0.566 $1.288
Peller, Andrew Angus 2.694 7.61% 2.694 7.58% 2.644 7.56% 2.644 7.55% 2.075 5.89% 1.253 3.55% A Last updated Aug 2020 -39.61%
Director - Shares - Amount $22.256 $29.180 $19.251 $12.402 $8.277 $5.136 A
Class B 5.044 14.25% 5.044 14.20% 5.044 14.42% 5.044 14.40% 5.044 14.31% 4.004 11.36% B -20.61%
Shares - Amount $41.664 $54.628 $36.721 $23.657 $20.126 $16.418 B
Options - percentage 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.00%
Options - amount $0.015 $0.020 $0.013 $0.009 $0.007 $0.007
Cosens, Mark William 0.00% 0.003 0.01% 0.004 0.01% 0.004 0.01% 0.004 0.01% 0.004 0.01% 0.004 0.01% A Ceased insider Sep 2022
Director - Shares - Amount $0.017 $0.045 $0.052 $0.031 $0.038 $0.025 $0.016 A
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.004 0.01% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.031 $0.000 $0.000 $0.000
Westlake, William James 0.025 0.07% A #DIV/0!
Director - Shares - Amount $0.103 A
Options - percentage 0.000 0.00% #DIV/0!
Options - amount $0.000
Peller, John Edward 17.36% 8.151 22.65% 7.422 20.62% 6.902 19.50% 6.902 19.43% 6.867 19.63% 6.867 19.60% 6.322 17.94% 6.331 17.96% A used to be Chair and CEO 0.14%
Director - Shares - Amount $65.716 $107.834 $98.198 $57.013 $74.752 $49.990 $32.205 $25.223 $25.955 A
Class B 66.51% 5.994 16.66% 5.944 16.52% 5.944 16.79% 5.944 16.73% 5.944 16.99% 5.948 16.98% 5.948 16.88% 5.948 16.88% B 0.00%
Shares - Amount $67.55 $79.303 $78.642 $49.099 $64.376 $43.274 $27.898 $23.734 $24.388 B
Options - percentage 0.00% 0.000 0.00% 0.141 0.32% 0.221 0.51% 0.341 0.78% 0.503 1.17% 0.646 1.50% 0.810 1.87% 0.498 1.15% -38.48%
Options - amount $0.000 $0.000 $1.865 $1.823 $3.691 $3.664 $3.029 $3.232 $2.043
Peller, D. James 13.02% 3.771 10.48% 3.043 8.46% 2.523 7.13% 2.523 7.10% 2.473 7.07% 2.473 7.06% 1.903 5.40% 1.081 3.07% A Last updated Aug 2024 -43.18%
10% Holder - Class A. $49.263 $49.893 $40.256 $20.838 $27.322 $18.002 $11.597 $7.593 $4.433 A
Class B 66.51% 5.994 16.66% 4.994 13.88% 4.994 14.11% 4.994 14.06% 4.994 14.28% 4.994 14.25% 4.994 14.17% 3.954 11.22% B -20.82%
Shares - Amount $67.55 $79.302 $66.072 $41.251 $54.086 $36.357 $23.422 $19.926 $16.212 B
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.002 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.013 $0.000 $0.000 $0.000
Peller, Jeffrey Mark 13.02% 3.771 10.48% 3.043 8.46% 2.523 7.13% 2.523 7.10% 2.473 7.07% 2.473 7.06% 2.473 7.02% 1.081 3.07% A Last updated Aug 2024 -56.28%
10% Holder - Class A. $49.263 $49.893 $40.256 $20.838 $27.322 $18.002 $11.597 $9.866 $4.433 A
Class B 66.51% 5.994 16.66% 4.994 13.88% 4.994 14.11% 4.994 14.06% 4.994 14.28% 4.994 14.25% 4.994 14.17% 3.954 11.22% B -20.82%
Shares - Amount $67.55 $79.302 $66.072 $41.251 $54.086 $36.357 $23.422 $19.926 $16.212 B
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.002 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.013 $0.000 $0.000 $0.000
Kernaghan, Edward James 4.15% A Not found
10% Holder - Class A. $15.712 A
Class B 9.99% B
Shares - Amount $10.14 B
Options - percentage 0.00%
Options - amount $0.000
Total Class A 30.43% 7.649 21.18% 17.14% 14.48% 22.02% 21.94% 21.90%
Total Class B 143.01% 11.988 33.31% 27.75% 28.21% 42.31% 42.98% 42.92% Showing too much Class B?
showing 3 way split soon?
Increase in O/S Shares 0.00% 0.000 0.00% 0.242 0.67% 0.436 0.99% 0.765 1.76% 1.042 2.39% 0.051 0.12% 0.066 0.15% 0.203 0.58% Yes 0
due to SO $0.000 $0.000 $3.196 $5.774 $6.321 $11.283 $0.371 $0.308 $0.810
Book Value $0.000 $0.268 $1.673 $1.226 $2.137 $2.128 $2.244 $2.357 $0.802 Company Exp. Employees
Insider Buying -$0.013 -$0.159 -$1.808 -$0.125 -$0.035 -$0.029 -$0.061 -$0.018 -$0.104
Insider Selling $0.301 $0.057 $0.123 $0.124 $0.003 $0.265 $0.000 $0.114 $0.070
Net Insider Selling $0.288 -$0.102 -$1.684 -$0.001 -$0.032 $0.236 -$0.061 $0.096 -$0.034
% of Market Cap 0.06% -0.01% -0.29% 0.00% -0.01% 0.08% -0.03% 0.06% -0.02%
Directors 7 7 7 7 6 6 6 8
Women 9% 1 14% 2 29% 1 14% 1 14% 1 17% 1 17% 1 17% 0 0%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
2.83% 11 8.83% 11 8.83% 23 12.70% 20 5.54% 20 7.38% 20 1.55% 20 1.72% 12 1.72%
Institutions - 3 2.83% 2.964 8.36% 0.000 0.00% 4.580 10.51% 2.447 5.61% 3.223 7.47% 0.670 1.55% 0.744 1.72% 0.745 2.11% Class A only
Holding .72% 11.50% 0.031 1.05% 0.031 -100.00% 0.015 0.32% -1.103 -31.07% -0.170 -5.02% -0.360 -34.91% -0.008 -1.04% -0.024 -3.13%
On Aug 26 2014 2.933 -0.031 4.565 3.550 Top 20 MS 3.393 Top 20 MS 1.030 Top 20 MS 0.752 Top 20 MS 0.769 Top 20 MS
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