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
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Ag Growth International  TSX: AFN OTC: AGGZF https://www.aggrowth.com/ Fiscal Yr: Dec 31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 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
Cost of Sales $894.5 $1,037.5 $1,047.5 $956.7 $950.4 <-12 mths -0.66% 6.95% <-Total Growth 3 Cost of Sales
Change #DIV/0! 15.98% 0.97% -8.67% -0.66% <-12 mths 92.35% #DIV/0! <-Median-> 3 Change
Ratio 0.75 0.71 0.69 0.68 0.69 <-12 mths 1.35% 0.70 <-Median-> 4 Ratio
Selling & Admin $256.3 $338.4 $340.7 $351.5 $344.1 <-12 mths -2.09% 37.11% <-Total Growth 3 Selling & Admin
Change #DIV/0! 32.01% 0.68% 3.16% -2.09% <-12 mths -166.27% #DIV/0! <-Median-> 3 Change
Ratio 0.21 0.23 0.22 0.25 0.25 <-12 mths -0.11% 0.23 <-Median-> 4 Ratio
Finance Costs - Charges/Income $46.2 $69.7 $65.7 $112.6 $103.7 <-12 mths -7.90% 143.73% <-Total Growth 3 Finance Costs - Charges/Income (Interest Incem and Loss/gain on Foregin Exchange)
Change #DIV/0! 50.78% -5.71% 71.44% -7.90% <-12 mths -111.06% #DIV/0! <-Median-> 3 Change
Ratio 0.04 0.05 0.04 0.08 0.08 <-12 mths -6.04% 0.05 <-Median-> 4 Ratio
Total $1,197.1 $1,445.6 $1,453.9 $1,420.8 $1,398.2 <-12 mths -1.59% 18.69% <-Total Growth 3 Total
Change #DIV/0! 20.76% 0.58% -2.28% -1.59% <-12 mths 30.18% #DIV/0! <-Median-> 3 Change
Ratio 1.00 0.99 0.95 1.01 1.02 <-12 mths 0.40% 1.00 <-Median-> 4 Ratio
Ratio for Total Income. 0.99 0.98 0.94 1.00 0.99 <-12 mths -0.70% 0.99 <-Median-> 4 Ratio for Total Income.
Other Operating Income $7.3 $18.0 $15.6 $13.6 $28.7 <-12 mths Other Operating Income
Total Income & Revenue $1,205.8 $1,476.1 $1,542.2 $1,418.3 $1,405.6 <-12 mths Total Income & Revenue
$1,377 <-12 mths -1.98%
Revenue* $314.3 $356.8 $400.1 $449.5 $531.6 $754.7 $931.7 $996.8 $994.0 $1,198.5 $1,458.1 $1,526.7 $1,404.7 $1,351 $1,443 $1,576 251.05% <-Total Growth 10 Revenue
Increase 2.75% 13.50% 12.15% 12.33% 18.27% 41.97% 23.45% 6.99% -0.28% 20.57% 21.66% 4.70% -7.99% -3.82% 6.81% 9.22% 13.38% <-IRR #YR-> 10 Revenue 251.05%
5 year Running Average $263.8 $295.3 $327.9 $365.3 $410.5 $498.5 $613.5 $732.9 $841.8 $975.1 $1,115.8 $1,234.8 $1,316.4 $1,387.8 $1,436.7 $1,460.3 7.10% <-IRR #YR-> 5 Revenue 40.92%
Revenue per Share $25.20 $28.29 $30.39 $30.81 $35.96 $46.70 $50.73 $53.39 $53.27 $63.77 $77.14 $80.33 $74.40 $72.10 $77.01 $84.11 14.91% <-IRR #YR-> 10 5 yr Running Average 301.52%
Increase 2.24% 12.25% 7.45% 1.36% 16.74% 29.85% 8.64% 5.24% -0.22% 19.71% 20.97% 4.13% -7.38% -3.09% 6.81% 9.22% 12.43% <-IRR #YR-> 5 5 yr Running Average 79.63%
5 year Running Average $21.02 $23.50 $25.93 $27.87 $30.13 $34.43 $38.92 $43.52 $48.01 $53.58 $59.66 $65.58 $69.78 $73.55 $76.19 $77.59 9.37% <-IRR #YR-> 10 Revenue per Share 144.79%
P/S (Price/Sales) Med 1.38 1.33 1.64 1.39 1.14 1.17 1.07 0.94 0.60 0.57 0.48 0.66 0.74 0.57 0.00 0.00 6.86% <-IRR #YR-> 5 Revenue per Share 39.34%
P/S (Price/Sales) Close 1.24 1.58 1.86 1.08 1.46 1.14 0.92 0.87 0.56 0.50 0.56 0.63 0.68 0.54 0.51 0.47 10.41% <-IRR #YR-> 10 5 yr Running Average 169.09%
*Sales in M CDN $  P/S Med 10 yr  0.84 5 yr  0.60 -35.21% Diff M/C 9.90% <-IRR #YR-> 5 5 yr Running Average 60.35%
-$400.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,404.7
-$996.8 $0.0 $0.0 $0.0 $0.0 $1,404.7
-$327.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,316.4
-$732.9 $0.0 $0.0 $0.0 $0.0 $1,316.4
-$30.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $74.4
-$53.4 $0.0 $0.0 $0.0 $0.0 $74.4
-$25.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $69.78
-$43.52 $0.00 $0.00 $0.00 $0.00 $69.78
Dividends times shares outstand. $29.94 $30.27 $31.60 $35.02 $35.48 $38.79 $44.07 $44.80 $19.59 $11.28 $11.34 $11.40 $11.33 Dividends times shares outstand.
DRIP $2.65 $5.13 $5.24 $5.22 $4.90 $1.38 $0.06 -$1.19 $0.01 $0.02 $0.02 $0.00 DRIP
Dividends Paid $30.11 $30.19 $31.48 $33.58 $35.30 $38.40 $40.65 $44.71 $19.37 $11.27 $11.33 $11.40 $11.41 -63.74% <-Total Growth 10 Dividends Paid
Payout Ratio FFO 93.21% 57.18% 56.66% 83.59% 66.74% 51.57% 42.31% 46.24% 23.83% 9.46% 7.21% 5.59% 3.12% 33.07% <-Median-> 10 Payout Ratio
Dividends Paid in Cash $30.11 27.538 $26.35 $28.34 $30.08 $33.46 $39.27 $44.65 $20.56 $11.26 $11.32 $11.38 $11.41 -56.68% <-Total Growth 10 Dividends Paid in Cash
Payout Ratio FFO 93.20% 52.16% 47.43% 70.54% 56.87% 44.93% 40.87% 46.18% 25.30% 9.46% 7.20% 5.58% 3.12% 33.09% <-Median-> 10 Payout Ratio
Diff Cash and Div Paid 0.00% -8.77% -16.29% -15.61% -14.78% -12.88% -3.40% -0.13% 6.16% -0.09% -0.15% -0.14% 0.00% -0.15% <-Median-> 10 Diff Cash and Div Paid
Payout Ratio Net Income 175.18% 121.90% 642.66% -112.34% 155.80% 95.06% 147.52% 305.10% -33.35% 106.66% -22.37% 16.52% -56.84% 55.79% <-Median-> 10 Payout Ratio Net Income
Funds From Operations $32.31 $52.79 55.549 40.178 52.888 $74.47 $96.07 $96.68 $81.27 $119.10 $157.12 $204.01 $366.27 $366.27 <-12 mths 559.36% <-Total Growth 10 Funds From Operations
Increase -19.87% 63.42% 5.22% -27.67% 31.63% 40.80% 29.01% 0.64% -15.94% 46.56% 31.92% 29.85% 79.54% 0.00% <-12 mths 30.74% <-Median-> 10 Increase
FFO per Share $2.59 $4.20 $4.24 $2.88 $3.60 $4.67 $5.71 $5.19 $4.34 $6.34 $8.33 $10.75 $19.23 $19.56 <-12 mths 8 2 10 Years of Data, EPS P or N 80.00%
Increase -20.19% 62.29% 0.93% -32.03% 24.68% 29.98% 22.27% -9.10% -16.35% 45.97% 31.28% 29.08% 78.89% 1.75% <-12 mths 353.14% <-Total Growth 10 FFO per Share
FFO Yield 8.26% 9.41% 7.51% 8.67% 6.85% 8.76% 12.21% 11.18% 14.58% 20.02% 19.21% 21.27% 37.83% 49.88% <-12 mths 16.31% <-IRR #YR-> 10 FFO 353.14%
5 year Running Average $3.67 $3.71 $3.43 $3.50 $3.92 $4.22 $4.41 $4.70 $5.25 $5.98 $6.99 $9.80 $12.84 <-12 mths 29.92% <-IRR #YR-> 5 FFO 270.15%
Payout Ratio 92.65% 57.09% 56.57% 83.22% 66.75% 51.35% 42.00% 46.21% 24.17% 9.46% 7.21% 5.58% 3.12% 3.07% <-12 mths 10.20% <-IRR #YR-> 10 5 yr Running Average 164.15%
5 year Running Average 61.58% 62.93% 69.90% 68.51% 61.23% 56.84% 54.39% 45.28% 33.69% 23.56% 15.02% 7.04% 4.67% <-12 mths 17.30% <-IRR #YR-> 5 5 yr Running Average 122.04%
Price/FFO Median 13.47 8.92 11.72 14.85 11.39 11.73 9.50 9.66 7.32 5.70 4.48 4.92 2.86 2.11 <-12 mths 8.41 <-Median-> 10 Price/FFO Median
Price/FFO High 16.19 10.68 13.48 20.01 15.90 12.82 11.20 11.98 10.98 7.22 5.45 5.82 3.33 2.61 <-12 mths 11.09 <-Median-> 10 Price/FFO High
Price/FFO Low 10.75 7.17 9.96 9.69 6.89 10.63 7.81 7.34 3.66 4.18 3.50 4.02 2.39 1.61 <-12 mths 5.53 <-Median-> 10 Price/FFO Low
Price/FFO Close 12.11 10.62 13.32 11.53 14.61 11.41 8.19 8.94 6.86 5.00 5.21 4.70 2.64 2.00 <-12 mths 7.53 <-Median-> 10 Price/FFO Close
Trailing P/FFO Close 9.66 17.24 13.44 7.84 18.21 14.83 10.01 8.13 5.74 7.29 6.84 6.07 4.73 2.04 <-12 mths 7.56 <-Median-> 10 Trailing P/FFO Close
Median Values DPR 10 Yrs 33.08% 5 Yrs   7.21% P/CF 5 Yrs   in order 4.92 5.82 3.66 5.00 -59.24% Diff M/C -76.17% Diff M/C 10 DPR 75% to 95% best
$4.48 <-12 mths -2.82%
Adjusted Profit $19.24 $22.22 $35.33 $32.49 $36.55 $37.92 $58.45 $41.56 $60.26 $63.24 $75.78 $125.57 $95.23 $61.60 $85.94 $109.35 169.55% <-Total Growth 10 Adjusted Profit
Return on Equity ROE 10.42% 11.79% 17.10% 14.08% 15.38% 13.43% 13.72% 11.33% 23.29% 24.72% 31.21% 42.55% 34.56% 19.33% <-Median-> 10 Return on Equity ROE
5Yr Median 16.90% 12.43% 12.43% 12.43% 14.08% 14.08% 14.08% 13.72% 13.72% 13.72% 23.29% 24.72% 31.21% 14.08% <-Median-> 10 5 Yr Median
Adjusted Basic AEPS $1.54 $1.77 $2.70 $2.33 $2.48 $2.38 $3.48 $2.23 $3.22 $3.37 $4.02 $6.62 $5.00
Adjusted Diluted AEPS $1.53 $1.74 $2.64 $2.33 $2.44 $2.35 $3.38 $2.20 $3.17 $2.90 $3.74 $5.91 $4.61 $3.29 $4.59 $5.84 74.62% <-Total Growth 10 Adjusted Diluted EPS
Increase -21.54% 13.73% 51.72% -11.74% 4.72% -3.69% 43.83% -34.91% 44.09% -8.52% 28.97% 58.02% -22.00% -28.63% 39.51% 27.23% 10 0 10 Years of Data, EPS P or N 100.00%
Adjusted EPS Yield 4.88% 3.90% 4.67% 7.01% 4.65% 4.41% 7.22% 4.74% 10.63% 9.15% 8.63% 11.70% 9.07% 8.39% 11.70% 14.89% 5.73% <-IRR #YR-> 10 Adjusted Diluted EPS
5 year Running Average $2.27 $2.29 $2.13 $2.04 $2.14 $2.30 $2.63 $2.54 $2.71 $2.80 $3.08 $3.58 $4.07 $4.09 $4.43 $4.85 15.95% <-IRR #YR-> 5 Adjusted Diluted EPS
Payout Ratio 156.86% 137.93% 90.91% 103.00% 98.36% 102.13% 71.01% 109.09% 33.12% 20.69% 16.04% 10.15% 13.02% 18.24% 13.07% 10.27% 6.69% <-IRR #YR-> 10 5 yr Running Average
5 year Running Average 105.73% 104.80% 112.78% 117.76% 112.36% 104.35% 91.32% 94.49% 38.77% 21.43% 19.49% 16.74% 14.76% 14.67% 13.55% 12.38% 9.87% <-IRR #YR-> 5 5 yr Running Average
Price/AEPS Median 22.81 21.56 18.83 18.38 16.79 23.32 16.07 22.81 10.04 12.46 9.97 8.95 11.93 12.54 0.00 0.00 14.26 <-Median-> 10 Price/AEPS Median
Price/AEPS High 27.42 25.80 21.66 24.77 23.43 25.50 18.93 28.30 15.05 15.79 12.13 10.59 13.88 15.53 0.00 0.00 17.36 <-Median-> 10 Price/AEPS High
Price/AEPS Low 18.20 17.32 16.00 11.99 10.15 21.14 13.21 17.32 5.02 9.13 7.80 7.30 9.98 9.55 0.00 0.00 10.07 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 20.50 25.66 21.41 14.27 21.52 22.70 13.85 21.11 9.40 10.92 11.59 8.55 11.02 11.92 8.54 6.72 12.72 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 16.08 29.18 32.48 12.59 22.54 21.86 19.91 13.74 13.55 9.99 14.95 13.51 8.60 8.51 11.92 8.54 13.64 <-Median-> 10 Trailing P/AEPS Close
Median Values Historical   in order 16.79 21.66 11.99 18.01 P/CF 5 Yrs   in order 10.04 13.88 7.80 10.92 18.76% Diff M/C
-$2.05 <-12 mths -95.24%
Difference Basic and Diluted 0.72% 2.78% 0.00% 0.00% 1.53% 1.36% 1.27% 2.53% 0.00% 10.71% 0.00% 5.23% 0.00% 1.31% <-Median-> 10 Difference Basic and Diluted
EPS Basic $1.38 $1.80 $0.31 -$1.81 $1.31 $2.21 $1.58 $0.79 -$3.30 $0.56 -$2.68 $3.63 -$1.05 -438.71% <-Total Growth 10 Earnings
EPS Diluted* $1.37 $1.75 $0.31 -$1.81 $1.29 $2.18 $1.56 $0.77 -$3.30 $0.50 -$2.68 $3.44 -$1.05 $2.14 $4.91 $5.95 -438.71% <-Total Growth 10 Earnings
Increase -29.74% 27.74% -82.29% -683.87% -171.27% 68.99% -28.44% -50.64% -528.57% -115.15% -636.00% -228.36% -130.52% -303.81% 129.44% 21.18% 6 4 10 Years of Data, EPS P or N 60.00%
Earnings Yield 4.4% 3.9% 0.5% -5.4% 2.5% 4.1% 3.3% 1.7% -11.1% 1.6% -6.2% 6.8% -2.1% 5.5% 12.5% 15.2% #NUM! <-IRR #YR-> 10 Earnings per Share -438.71%
5 year Running Average $2.24 $2.26 $1.63 $0.71 $0.58 $0.74 $0.71 $0.80 $0.50 $0.34 -$0.63 -$0.25 -$0.62 $0.47 $1.35 $3.08 -27.46% <-IRR #YR-> 5 Earnings per Share -236.36%
10 year Running Average $1.87 $1.78 $1.42 $1.38 $1.49 $1.48 $1.22 $0.61 $0.46 $0.06 $0.23 $0.09 $0.49 $0.85 $1.22 #NUM! <-IRR #YR-> 10 5 yr Running Average -183.06%
* ESP per share (Cdn GAAP) E/P 10 Yrs 1.62% 5Yrs -2.07% #NUM! <-IRR #YR-> 5 5 yr Running Average -177.44%
-$0.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$1.05
-$0.77 $0.00 $0.00 $0.00 $0.00 -$1.05
-$1.63 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.62
-$0.80 $0.00 $0.00 $0.00 $0.00 -$0.62
Dividend* $0.60 $0.60 $0.60 Estimates Dividend*
Increase 0.00% 0.00% 0.00% Estimates Increase
Payout Ratio EPS 28.04% 12.22% 10.08% Estimates Payout Ratio EPS
Special Dividends $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
Dividend* $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $0.60 $0.60 $0.60 $0.60 -75.00% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -56.25% -42.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7 2 20 Years of data, Count P, N 35.00%
Average Increases 5 Year Running 7.56% 5.78% 3.48% 3.19% 0.00% 0.00% 0.00% 0.00% -11.25% -19.82% -19.82% -19.82% -19.82% -8.57% 0.00% 0.00% -5.63% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $2.20 $2.26 $2.33 $2.40 $2.40 $2.40 $2.40 $2.40 $2.13 $1.77 $1.41 $1.05 $0.69 $0.60 $0.60 $0.60 -70.44% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 6.88% 6.40% 4.83% 5.60% 5.86% 4.38% 4.42% 4.78% 3.30% 1.66% 1.61% 1.13% 1.09% 1.45% 3.84% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 5.72% 5.35% 4.20% 4.16% 4.20% 4.01% 3.75% 3.86% 2.20% 1.31% 1.32% 0.96% 0.94% 1.17% 2.98% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 8.62% 7.96% 5.68% 8.59% 9.69% 4.83% 5.38% 6.30% 6.60% 2.27% 2.06% 1.39% 1.30% 1.91% 5.10% <-Median-> 10 Yield on Low Price FFO
Yield on Close Price 7.65% 5.38% 4.25% 7.22% 4.57% 4.50% 5.13% 5.17% 3.52% 1.89% 1.38% 1.19% 1.18% 1.53% 1.53% 1.53% 4.01% <-Median-> 10 Yield on Close Price AEPS
Payout Ratio EPS 175.18% 137.14% 774.19% -132.60% 186.05% 110.09% 153.85% 311.69% -31.82% 120.00% -22.39% 17.44% -57.14% 28.04% 12.22% 10.08% 63.77% <-Median-> 10 DPR EPS CFPS
DPR EPS 5 Yr Running 98.12% 100.09% 143.01% 336.13% 412.37% 322.58% 339.94% 300.75% 426.00% 517.54% -223.81% -413.39% -111.65% 127.66% 44.38% 19.49% 329.36% <-Median-> 10 DPR EPS 5 Yr Running FCF 
Payout Ratio CFPS 94.76% 41.67% 153.30% 43.43% 78.84% 86.20% 107.00% 110.85% 26.41% 28.83% 11.10% 10.80% 10.22% 9.45% 7.86% 6.39% 36.13% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 83.74% 62.83% 75.83% 68.07% 65.12% 64.24% 79.14% 76.13% 74.94% 66.80% 44.42% 27.37% 15.07% 11.87% 9.74% 8.62% 65.96% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 76.97% 53.12% 46.56% 72.65% 64.53% 55.96% 37.31% 62.26% 15673.12% 13.48% 6.53% 7.37% 9.32% 9.45% 7.86% 6.39% 46.64% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 58.05% 56.06% 54.74% 59.74% 60.56% 57.19% 52.40% 55.56% 58.19% 46.50% 29.46% 20.47% 12.22% 8.68% 7.95% 7.90% 53.98% <-Median-> 10 DPR CF WC 5 Yr Running
Median 5 Yrs 10 Yr Med 10 Yr Cl 3.84% 4.01% 5 Yr Med 5 Yr Cl 1.61% 1.38% 5 Yr Med Payout -22.39% 11.10% 9.32% -24.21% <-IRR #YR-> 5 Dividends -75.00%
* Dividends per share  10 Yr Med and Cur. -60.16% -61.86% 5 Yr Med and Cur. -4.94% 10.53% Last Div Inc ---> $0.60 $0.15 -75.00% -12.94% <-IRR #YR-> 10 Dividends -75.00%
Dividends Growth 15 -7.83% <-IRR #YR-> 15 Dividends
Dividends Growth 20 -1.31% <-IRR #YR-> 20 Dividends
Dividends Growth 5 -$2.40 $0.00 $0.00 $0.00 $0.00 $0.60 Dividends Growth 5
Dividends Growth 10 -$2.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.60 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 $0.60 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 $0.60 Dividends Growth 20
Historical Dividends Historical High Div 11.83% Low Div 1.03% 10 Yr High 9.58% 10 Yr Low 0.94% Med Div 5.60% Close Div 5.13% 4.78% From 2010 Historical Dividends
High/Ave/Median Values Curr diff Exp. -87.07%     48.53% Exp. -84.03% 62.75% Exp. -72.68% Exp. -70.17% -67.99% High/Ave/Median 
Future Dividend Yield Div Yd 0.38% earning in 5.00 Years at IRR of -24.21% Div Inc. -75.00% Future Dividend Yield
Future Dividend Yield Div Yd 0.10% earning in 10.00 Years at IRR of -24.21% Div Inc. -93.75% Future Dividend Yield
Future Dividend Yield Div Yd 0.02% earning in 15.00 Years at IRR of -24.21% Div Inc. -98.44% Future Dividend Yield
Future Dividend Paid Div Paid $0.15 earning in 5 Years at IRR of -24.21% Div Inc. -75.00% Future Dividend Paid
Future Dividend Paid Div Paid $0.04 earning in 10 Years at IRR of -24.21% Div Inc. -93.75% Future Dividend Paid
Future Dividend Paid Div Paid $0.01 earning in 15 Years at IRR of -24.21% Div Inc. -98.44% Future Dividend Paid
Dividend Covering Cost Total Div $1.86 over 5 Years at IRR of -24.21% Div Cov. 4.74% Dividend Covering Cost
Dividend Covering Cost Total Div $2.17 over 10 Years at IRR of -24.21% Div Cov. 5.54% Dividend Covering Cost
Dividend Covering Cost Total Div $2.25 over 15 Years at IRR of -24.21% Div Cov. 5.74% Dividend Covering Cost
I am earning GC Div Gr -75.00% 10/26/11 # yrs -> 13 2011 $32.29 Cap Gain 21.46% I am earning GC
I am earning Div org yield 7.43% 12/31/25 Trading Div G Yrly -9.31% Div start $2.40 -7.43% 1.86% I am earning Div
Yield if held 5 years 9.97% 8.91% 9.28% 5.55% 5.78% 6.88% 6.40% 4.83% 2.45% 1.46% 1.09% 1.10% 1.20% 1.89% 1.66% 1.61% 3.64% <-Median-> 10 Paid Median Price
Yield if held 10 years 21.24% 16.44% 16.05% 9.97% 8.91% 9.28% 2.43% 1.45% 1.72% 1.60% 1.21% 1.40% 1.46% 1.09% 5.67% <-Median-> 10 Paid Median Price
Yield if held 15 years 21.24% 7.19% 4.01% 2.49% 2.23% 2.32% 1.39% 1.45% 1.72% 3.25% <-Median-> 6 Paid Median Price
Yield if held 20 years 5.31% 4.11% 4.01% 2.49% 5.31% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 45.61% 41.98% 45.11% 27.73% 28.91% 34.39% 31.99% 24.14% 24.87% 21.60% 12.86% 9.67% 6.88% 9.43% 8.30% 8.05% 24.50% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 185.11% 147.53% 149.83% 95.45% 86.53% 91.50% 52.33% 50.23% 54.59% 45.98% 31.08% 31.87% 28.93% 18.34% 70.56% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 291.30% 220.48% 209.03% 124.74% 106.01% 104.83% 59.27% 57.46% 63.19% 166.88% <-Median-> 6 Paid Median Price
Cost covered if held 20 years 321.83% 241.03% 229.10% 137.20% 321.83% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $996.8 $994.0 $1,198.5 $1,458.1 $1,526.7 $1,404.7 $1,377 <-12 mths -1.98% 40.92% <-Total Growth 5 Revenue Growth  40.92%
AEPS Growth $2.20 $3.17 $2.90 $3.74 $5.91 $4.61 $4.48 <-12 mths -2.82% 109.55% <-Total Growth 5 AEPS Growth 109.55%
Net Income Growth $14.6 -$61.6 $10.6 -$50.58 $68.89 -$20.08 -$39 <-12 mths -93.28% 0.00% <-Total Growth 5 Net Income Growth 0.00%
Cash Flow Growth $40.4 $74.2 $39.1 $102.2 $105.6 $110.8 $73 <-12 mths -33.76% 174.19% <-Total Growth 5 Cash Flow Growth 174.19%
Dividend Growth $2.40 $1.05 $0.60 $0.60 $0.60 $0.60 $0.60 <-12 mths 0.00% -75.00% <-Total Growth 5 Dividend Growth -75.00%
Stock Price Growth $46.44 $29.81 $31.68 $43.35 $50.52 $50.82 $39.22 <-12 mths -22.83% 9.43% <-Total Growth 5 Stock Price Growth 9.43%
Revenue Growth  $400.1 $449.5 $531.6 $754.7 $931.7 $996.8 $994.0 $1,198.5 $1,458.1 $1,526.7 $1,404.7 $1,351 <-this year -3.82% 251.05% <-Total Growth 10 Revenue Growth  251.05%
AEPS Growth $2.64 $2.33 $2.44 $2.35 $3.38 $2.20 $3.17 $2.90 $3.74 $5.91 $4.61 $3.29 <-this year -28.63% 74.62% <-Total Growth 10 AEPS Growth 74.62%
Net Income Growth $4.1 -$25.2 $19.3 $35.2 $26.6 $14.6 -$61.6 $10.6 -$50.6 $68.9 -$20.1 $41 <-this year 301.67% 0.00% <-Total Growth 10 Net Income Growth 0.00%
Cash Flow Growth $20.6 $80.6 $45.0 $45.0 $41.2 $40.4 $74.2 $39.1 $102.2 $105.6 $110.8 $119 <-this year 7.37% 437.66% <-Total Growth 10 Cash Flow Growth 437.66%
Dividend Growth $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $0.60 $0.60 <-this year 0.00% -75.00% <-Total Growth 10 Dividend Growth -75.00%
Stock Price Growth $56.51 $33.25 $52.52 $53.34 $46.80 $46.44 $29.81 $31.68 $43.35 $50.52 $50.82 $39.22 <-this year -22.83% -10.07% <-Total Growth 10 Stock Price Growth -10.07%
Dividends on Shares $43.20 $43.20 $43.20 $43.20 $43.20 $18.90 $10.80 $10.80 $10.80 $10.80 $10.80 $10.80 $10.80 $278.10 No of Years 10 Total Divs 12/31/14
Paid  $1,017.18 $598.50 $945.36 $960.12 $842.40 $835.92 $536.58 $570.24 $780.30 $909.36 $914.76 $705.94 $705.94 $705.94 $914.76 No of Years 10 Worth $56.51
Total $1,192.86
Dividends on Shares $23.10 $13.20 $13.20 $13.20 $13.20 $13.20 $13.20 $13.20 $75.90 No of Years 5 Total Divs 12/31/19
Paid  $1,021.68 $655.82 $696.96 $953.70 $1,111.44 $1,118.04 $862.82 $862.82 $862.82 $1,118.04 No of Years 5 Worth $46.44
Total $1,193.94
Graham No. AEPS $22.57 $24.19 $30.53 $28.80 $29.71 $30.39 $42.00 $31.18 $31.45 $29.80 $32.88 $45.44 $38.91 $32.35 $38.21 $43.10 27.44% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 1.55 1.55 1.63 1.49 1.38 1.80 1.29 1.61 1.01 1.21 1.13 1.16 1.41 1.28 1.34 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.86 1.86 1.87 2.00 1.92 1.97 1.52 2.00 1.52 1.54 1.38 1.38 1.64 1.58 1.59 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.23 1.25 1.38 0.97 0.83 1.63 1.06 1.22 0.51 0.89 0.89 0.95 1.18 0.97 0.96 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.39 1.85 1.85 1.15 1.77 1.76 1.11 1.49 0.95 1.06 1.32 1.11 1.31 1.21 1.03 0.91 1.23 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 38.94% 84.61% 85.10% 15.46% 76.78% 75.51% 11.42% 48.93% -5.21% 6.29% 31.84% 11.18% 30.61% 21.24% 2.65% -9.00% 23.04% <-Median-> 10 Graham Price
Graham No. ESP $21.36 $24.26 $10.46 $10.50 $21.60 $29.27 $28.53 $18.45 $12.49 $12.38 $12.02 $34.67 $33.61 $26.09 $39.52 $43.50 221.27% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 1.63 1.55 4.75 4.08 1.90 1.87 1.90 2.72 2.55 2.92 3.10 1.52 1.64 1.58 2.23 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.96 1.85 5.47 5.49 2.65 2.05 2.24 3.37 3.82 3.70 3.77 1.80 1.90 1.96 3.01 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.30 1.24 4.04 2.66 1.15 1.70 1.56 2.07 1.27 2.14 2.43 1.25 1.37 1.20 1.63 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.47 1.84 5.40 3.17 2.43 1.82 1.64 2.52 2.39 2.56 3.61 1.46 1.51 1.50 0.99 0.90 2.41 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 46.83% 84.08% 440.15% 216.54% 143.12% 82.22% 64.01% 151.75% 138.68% 155.99% 260.59% 45.73% 51.20% 50.33% -0.76% -9.85% 140.90% <-Median-> 10 Graham Price
Price Close $31.36 $44.65 $56.51 $33.25 $52.52 $53.34 $46.80 $46.44 $29.81 $31.68 $43.35 $50.52 $50.82 $39.22 $39.22 $39.22 -10.07% <-Total Growth 10 Stock price
Increase -16.33% 42.38% 26.56% -41.16% 57.95% 1.56% -12.26% -0.77% -35.81% 6.27% 36.84% 16.54% 0.59% -22.83% 0.00% 0.00% 54.22 <-Median-> 10 CAPE (10 Yr P/E)
P/E 22.89 25.51 182.29 -18.37 40.71 24.47 30.00 60.31 -9.03 63.36 -16.18 14.69 -48.40 18.33 7.99 6.59 1.82% <-IRR #YR-> 5 Stock price 9.43%
Trailing P/E 16.08 32.59 32.29 107.26 -29.02 41.35 21.47 29.77 38.71 -9.60 86.70 -18.85 14.77 -37.35 18.33 7.99 -1.06% <-IRR #YR-> 10 Stock price -10.07%
CAPE (10 Yr P/E) 15.65 18.88 24.92 28.38 27.61 29.72 37.24 71.20 92.29 769.04 196.56 487.26 91.65 50.91 34.07 3.27% <-IRR #YR-> 5 Price & Dividend 22.03%
Median 10, 5 Yrs D.  per yr 2.94% 1.45% % Tot Ret 156.07% 44.30% T P/E 25.62 14.77 P/E:  19.58 -9.03 1.88% <-IRR #YR-> 10 Price & Dividend 21.52%
Price 15 D.  per yr 4.92% % Tot Ret 65.81% CAPE Diff -66.20% 2.56% <-IRR #YR-> 15 Stock Price
Price  20 D.  per yr 10.59% % Tot Ret 59.17% 7.31% <-IRR #YR-> 20 Stock Price
Price  25 D.  per yr 11.34% % Tot Ret 58.79% 7.95% <-IRR #YR-> 21 Stock Price
Price & Dividend 15 7.48% <-IRR #YR-> 15 Price & Dividend
Price & Dividend 20 17.90% <-IRR #YR-> 20 Price & Dividend
Price & Dividend 25 19.29% <-IRR #YR-> 21 Price & Dividend
Price  5 -$46.44 $0.00 $0.00 $0.00 $0.00 $50.82 Price  5
Price 10 -$56.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.82 Price 10
Price & Dividend 5 -$46.44 $1.05 $0.60 $0.60 $0.60 $51.42 Price & Dividend 5
Price & Dividend 10 -$56.51 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $51.42 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 $50.82 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 $50.82 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 $50.82 Price  25
Price & Dividend 15 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $51.42 Price & Dividend 15
Price & Dividend 20 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $51.42 Price & Dividend 20
Price & Dividend 25 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $51.42 Price & Dividend 25
Price H/L Median $34.90 $37.52 $49.72 $42.83 $40.97 $54.80 $54.32 $50.18 $31.82 $36.14 $37.28 $52.87 $55.01 $41.26 10.65% <-Total Growth 10 Stock price
Increase -15.94% 7.51% 32.52% -13.85% -4.35% 33.77% -0.89% -7.62% -36.58% 13.56% 3.17% 41.81% 4.06% -25.00% 1.02% <-IRR #YR-> 10 Stock price 10.65%
P/E 25.47 21.44 160.37 -23.66 31.76 25.14 34.82 65.16 -9.64 72.27 -13.91 15.37 -52.39 19.28 1.86% <-IRR #YR-> 5 Stock price 9.64%
Trailing P/E 17.89 27.38 28.41 138.16 -22.63 42.48 24.92 32.16 41.32 -10.95 74.56 -19.73 15.99 -39.29 4.17% <-IRR #YR-> 10 Price & Dividend 46.56%
P/E on Running 5 yr Average 15.59 16.60 30.46 59.99 70.39 73.66 76.93 62.88 63.64 105.66 -59.17 -208.13 -89.01 87.78 3.19% <-IRR #YR-> 5 Price & Dividend 21.30%
P/E on Running 10 yr Average 20.07 27.88 30.16 29.71 36.75 36.63 41.30 52.42 78.21 654.04 233.92 611.22 85.06 16.43 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 3.15% 1.34% % Tot Ret 75.60% 41.87% T P/E 28.54 15.99 P/E:  20.25 -9.64 Count 21 Years of data
-$49.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $55.01
-$50.18 $0.00 $0.00 $0.00 $0.00 $55.01
-$49.72 $2.40 $2.40 $2.40 $2.40 $2.40 $1.05 $0.60 $0.60 $0.60 $55.61
-$50.18 $1.05 $0.60 $0.60 $0.60 $55.61
High Months May Dec Dec Mar Dec May Oct Apr Jan Mar Dec Mar Apr Jan
Price High $41.95 $44.89 $57.18 $57.72 $57.16 $59.92 $63.99 $62.25 $47.72 $45.78 $45.38 $62.56 $64.00 $51.08 11.93% <-Total Growth 10 Stock price
Increase -23.39% 7.01% 27.38% 0.94% -0.97% 4.83% 6.79% -2.72% -23.34% -4.07% -0.87% 37.86% 2.30% -20.19% 1.13% <-IRR #YR-> 10 Stock price 11.93%
P/E 30.62 25.65 184.45 -31.89 44.31 27.49 41.02 80.84 -14.46 91.56 -16.93 18.19 -60.95 23.87 0.56% <-IRR #YR-> 5 Stock price 2.81%
Trailing P/E 21.51 32.77 32.67 186.19 -31.58 46.45 29.35 39.90 61.97 -13.87 90.76 -23.34 18.60 -48.65 22.90 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 34.63 18.60 P/E:  22.84 -14.46 42.99 P/E Ratio Historical High
-$57.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $64.00
-$62.25 $0.00 $0.00 $0.00 $0.00 $64.00
Low Months Nov May Sep Dec Mar Apr Dec Oct Mar Aug Jun Jan May Apr
Price Low $27.84 $30.14 $42.25 $27.94 $24.77 $49.68 $44.64 $38.10 $15.92 $26.49 $29.18 $43.17 $46.02 $31.43 8.92% <-Total Growth 10 Stock price
Increase -1.49% 8.26% 40.18% -33.87% -11.35% 100.57% -10.14% -14.65% -58.22% 66.39% 10.15% 47.94% 6.60% -31.70% 0.86% <-IRR #YR-> 10 Stock price 8.92%
P/E 20.32 17.22 136.29 -15.44 19.20 22.79 28.62 49.48 -4.82 52.98 -10.89 12.55 -43.83 14.69 3.85% <-IRR #YR-> 5 Stock price 20.79%
Trailing P/E 14.28 22.00 24.14 90.13 -13.69 38.51 20.48 24.42 20.68 -8.03 58.36 -16.11 13.38 -29.93 12.55 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 20.58 13.38 P/E:  15.88 -4.82 -0.93 P/E Ratio Historical Low
-$42.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $46.02
$41.22 <-12 mths -47.93%
Free Cash Flow Mk Sc $46.14 $10.44 $68.89 $62.60 $87.78 $60.00 $100.00 $136.50 90.25% <-Total Growth 4 Free Cash Flow Mk Sc
Change -77.37% 559.87% -9.13% 40.22% 15.55% <-Median-> 4 Change
Free Cash Flow Company $34 -$6 -$50 $50 $79 132.80% <-Total Growth 4 Free Cash Flow Company Webcase Deck
Change -117.65% -733.33% 199.89% 58.47% -29.59% <-Median-> 4 Change
Free Cash Flow WSJ $40.89 $4.79 -$0.84 $4.64 -$8.12 $46.11 $3.37 $69.75 $62.19 $91.19 $60 $100 $137 123.02% <-Total Growth 9 Free Cash Flow WSJ Mkt Scr
Change -88.28% -117.55% 651.96% -274.92% 667.82% -92.69% 1968.97% -10.84% 46.64% -34.20% 66.67% 36.50% -10.84% <-Median-> 9 Change Agrees with
Free Cash Flow MS old $38.55 $1.16 -$5.75 -$2.76 -$21.68 $34.04 -$6.46 $49.87 $48.95
Change -96.99% -595.69% 52.00% -685.51% 257.01% -118.98% 871.98% -1.84%
Free Cash Flow MS $25.27 $56.69 -$0.73 $3.43 $2.12 $7.90 $64.48 $0.27 -$43.35 $30.07 $99.89 $69.32 $76.59 $60 $100 $137 10591.78% <-Total Growth 10 Free Cash Flow MS
Change -38.19% 272.64% 716.20% -99.58% -16155.56% 169.37% 232.19% -30.60% 10.49% -21.66% 66.67% 36.50% 209.43% <-IRR #YR-> 5 Free Cash Flow MS 28266.67%
FCF/CF from Op Ratio 0.80 0.78 -0.04 0.04 0.05 0.18 1.57 0.01 -0.58 0.77 0.98 0.66 0.69 0.50 0.70 0.78 #NUM! <-IRR #YR-> 10 Free Cash Flow MS 10591.78%
Dividends paid $30.11 $30.19 $31.48 $33.58 $35.30 $38.40 $40.65 $44.71 $19.37 $11.27 $11.33 $11.40 $11.41 $11.24 $11.24 $11.24 -63.74% <-Total Growth 10 Dividends paid
Percentage paid -4311.78% 979.10% 1664.95% 486.08% 63.04% 16557.41% -44.67% 37.48% 11.34% 16.44% 14.90% 18.74% 11.24% 8.24% $0.50 <-Median-> 10 Percentage paid
5 Year Coverage 246.34% 567.85% 260.05% 84.12% 62.78% 27.86% 16.87% 13.95% 12.78% 5 Year Coverage
Dividend Coverage Ratio -0.02 0.10 0.06 0.21 1.59 0.01 -2.24 2.67 8.81 6.08 6.71 5.34 8.89 12.14 0.90 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 0.41 0.18 0.38 1.19 1.59 3.59 5.93 7.17 7.82 5 Year of Coverage
Market Cap $391 $563 $744 $485 $776 $862 $859 $867 $556 $595 $819 $960 $960 $735 $735 $735 28.97% <-Total Growth 10 Market Cap
Diluted AEPS 20.262 21.248 20.658
Diluted # of Shares in Million 12.572 12.893 13.361 13.932 14.961 16.151 17.031 18.913 18.704 21.877 18.870 21.967 19.051 18.724 18.724 18.724 42.59% <-Total Growth 10 Diluted
Change 0.08% 2.55% 3.63% 4.28% 7.38% 7.96% 5.45% 11.05% -1.10% 16.97% -13.74% 16.41% -13.28% -1.72% 0.00% 0.00% 6.41% <-Median-> 10 Change
Difference Diluted/Basic -0.8% -2.6% -2.0% 0.0% -1.7% -1.4% -1.3% -1.6% 0.0% -14.2% 0.0% -13.6% 0.0% 0.0% -100.0% -100.0% -1.32% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 12.472 12.558 13.092 13.932 14.709 15.933 16.811 18.613 18.704 18.779 18.870 18.982 19.051 18.724 45.51% <-Total Growth 10 Basic
Change 0.39% 0.69% 4.25% 6.41% 5.58% 8.32% 5.51% 10.72% 0.49% 0.40% 0.49% 0.59% 0.36% -1.72% 3.05% <-Median-> 10 Change
Difference Basic/Outstanding 0.0% 0.4% 0.6% 4.7% 0.5% 1.4% 9.2% 0.3% -0.2% 0.1% 0.2% 0.1% -0.9% 0.1% 0.23% <-Median-> 10 Difference Basic/Outstanding
$73.41 <-12 mths -33.76%
# of Share in Millions 12.474 12.613 13.166 14.590 14.782 16.161 18.364 18.668 18.658 18.794 18.901 19.006 18.881 18.738 18.738 18.738 3.67% <-IRR #YR-> 10 Shares 43.41%
Change 0.50% 1.12% 4.38% 10.82% 1.31% 9.33% 13.63% 1.66% -0.05% 0.72% 0.57% 0.55% -0.66% -0.76% 0.00% 0.00% 0.23% <-IRR #YR-> 5 Shares 1.14%
Cash Flow from Operations $M $31.59 $72.64 $20.61 $80.62 $45.00 $45.00 $41.19 $40.42 $74.17 $39.12 $102.17 $105.63 $110.82 $118.99 $142.97 $175.95 437.66% <-Total Growth 10 Cash Flow
Increase 13.33% 129.91% -71.62% 291.15% -44.19% 0.00% -8.46% -1.87% 83.50% -47.26% 161.20% 3.38% 4.92% 7.37% 20.16% 23.07% Deb. Conv SO, Iss Shares Buy Backs
5 year Running Average $33.1 $45.4 $38.7 $46.7 $50.1 $52.8 $46.5 $50.4 $49.2 $48.0 $59.4 $72.3 $86.4 $95.3 $116.1 $130.9 123.24% <-Total Growth 10 CF 5 Yr Running
CFPS $2.53 $5.76 $1.57 $5.53 $3.04 $2.78 $2.24 $2.17 $3.98 $2.08 $5.41 $5.56 $5.87 $6.35 $7.63 $9.39 274.91% <-Total Growth 10 Cash Flow per Share
Increase 12.76% 127.37% -72.81% 252.95% -44.91% -8.53% -19.44% -3.48% 83.60% -47.64% 159.72% 2.81% 5.61% 8.19% 20.16% 23.07% 18.32% <-IRR #YR-> 10 Cash Flow 437.66%
5 year Running Average $2.62 $3.60 $3.08 $3.53 $3.69 $3.74 $3.03 $3.15 $2.84 $2.65 $3.17 $3.84 $4.58 $5.05 $6.16 $6.96 22.35% <-IRR #YR-> 5 Cash Flow 174.19%
P/CF on Median Price 13.78 6.51 31.75 7.75 13.46 19.68 24.21 23.17 8.00 17.36 6.90 9.51 9.37 6.50 0.00 0.00 14.13% <-IRR #YR-> 10 Cash Flow per Share 274.91%
P/CF on Closing Price 12.38 7.75 36.09 6.02 17.25 19.16 20.86 21.45 7.50 15.22 8.02 9.09 8.66 6.18 5.14 4.18 22.07% <-IRR #YR-> 5 Cash Flow per Share 171.10%
-46.22% Diff M/C 4.05% <-IRR #YR-> 10 CFPS 5 yr Running 48.73%
$118.61 <-12 mths -2.43%
Excl.Working Capital CF $7.30 -$15.65 $47.26 -$32.43 $9.98 $24.31 $76.93 $31.54 -$74.05 $44.55 $71.46 $49.16 $10.74 $0.00 $0.00 $0.00 7.75% <-IRR #YR-> 5 CFPS 5 yr Running 45.22%
CF fr Op $M WC $38.9 $57.0 $67.9 $48.2 $55.0 $69.3 $118.1 $72.0 $0.1 $83.7 $173.6 $154.8 $121.6 $119.0 $143.0 $176.0 79.12% <-Total Growth 10 Cash Flow less WC
Increase -21.50% 46.51% 19.10% -28.99% 14.07% 26.07% 70.44% -39.08% -99.83% 66828.00% 107.54% -10.85% -21.46% -2.12% 20.16% 23.07% 6.00% <-IRR #YR-> 10 Cash Flow less WC 79.12%
5 year Running Average $47.6 $50.8 $53.9 $52.3 $53.4 $59.5 $71.7 $72.5 $62.9 $68.6 $89.5 $96.8 $106.8 $130.5 $142.4 $142.9 11.06% <-IRR #YR-> 5 Cash Flow less WC 68.94%
CFPS Excl. WC $3.12 $4.52 $5.16 $3.30 $3.72 $4.29 $6.43 $3.85 $0.01 $4.45 $9.19 $8.14 $6.44 $6.35 $7.63 $9.39 7.07% <-IRR #YR-> 10 CF less WC 5 Yr Run 98.04%
Increase -21.89% 44.89% 14.10% -35.92% 12.59% 15.31% 49.99% -40.08% -99.83% 66346.91% 106.36% -11.34% -20.94% -1.38% 20.16% 23.07% 8.04% <-IRR #YR-> 5 CF less WC 5 Yr Run 47.22%
5 year Running Average $3.78 $4.03 $4.26 $4.02 $3.96 $4.20 $4.58 $4.32 $3.66 $3.81 $4.79 $5.13 $5.65 $6.91 $7.55 $7.59 2.25% <-IRR #YR-> 10 CFPS - Less WC 24.90%
P/CF on Median Price 11.19 8.30 9.64 12.97 11.01 12.78 8.44 13.02 4749.70 8.12 4.06 6.49 8.54 6.50 0.00 0.00 10.81% <-IRR #YR-> 5 CFPS - Less WC 67.04%
P/CF on Closing Price 10.06 9.88 10.96 10.07 14.12 12.44 7.28 12.05 4449.67 7.12 4.72 6.20 7.89 6.18 5.14 4.18 2.85% <-IRR #YR-> 10 CFPS 5 yr Running 32.41%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 11.48 5 yr  9.37 P/CF Med 10 yr 9.78 5 yr  8.12 -36.84% Diff M/C 5.50% <-IRR #YR-> 5 CFPS 5 yr Running 30.69%
-$5.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.44 CFPS - Less WC
-$3.85 $0.00 $0.00 $0.00 $0.00 $6.44 CFPS - Less WC
-$4.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.65 CFPS 5 yr Running
-$4.32 $0.00 $0.00 $0.00 $0.00 $5.65 CFPS 5 yr Running
OPM 10.05% 20.36% 5.15% 17.94% 8.46% 5.96% 4.42% 4.05% 7.46% 3.26% 7.01% 6.92% 7.89% 8.81% 53.16% <-Total Growth 10 OPM
Increase 10.29% 102.56% -74.70% 248.21% -52.81% -29.56% -25.84% -8.29% 84.01% -56.26% 114.71% -1.26% 14.03% 11.64% Should increase  or be stable.
Diff from Ave 44.3% 192.4% -26.0% 157.6% 21.6% -14.4% -36.5% -41.8% 7.2% -53.1% 0.6% -0.6% 13.3% 26.5% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 6.96% 5 Yrs 7.01% should be  zero, it is a   check on calculations
$245.99 <-12 mths -7.10%
Adjusted EBITDA $49.49 $61.20 $73.70 $73.34 $100.43 $121.80 $148.20 $144.28 $149.33 $176.27 $234.68 $293.89 $264.79 $227.80 $259.30 $292.50 259.28% <-Total Growth 10 Earnings before Interest, Taxes
Change -7.10% 23.66% 20.42% -0.49% 36.94% 21.28% 21.67% -2.64% 3.50% 18.04% 33.14% 25.23% -9.90% -13.97% 13.83% 12.80% 19.66% <-Median-> 10 Depreciation and Amortization
Margin 15.74% 17.15% 18.42% 16.32% 18.89% 16.14% 15.91% 14.47% 15.02% 14.71% 16.10% 19.25% 18.85% 16.86% 17.97% 18.56% 16.12% <-Median-> 10 Margin
Long Term Debt $144.47 $104.35 $108.38 $309.92 $408.06 $502.76 $505.27 $556.97 $576.22 $528.63 $623.94 $693.48 $846.60 $922.57 681.12% <-Total Growth 10 Debt Type
Change 1.01% -27.77% 3.86% 185.95% 31.67% 23.21% 0.50% 10.23% 3.46% -8.26% 18.03% 11.15% 22.08% 8.97% 14.59% <-Median-> 10 Change Lg Term
Debt/Market Cap Ratio 0.37 0.19 0.15 0.64 0.53 0.58 0.59 0.64 1.04 0.89 0.76 0.72 0.88 1.26 0.68 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities 13.59 2.82 3.92 4.87 6.81 4.11 5.37 5.72 4.75 3.43 3.99 3.02 3.85 3.99 4.43 <-Median-> 10 Assets/Current Liabilities Liquidity
Debt to Cash Flow (Years) 4.57 1.44 5.26 3.84 9.07 11.17 12.27 13.78 7.77 13.51 6.11 6.57 7.64 7.75 8.42 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $72.78 $71.49 $75.62 $163.78 $197.22 $218.16 $233.20 $264.86 $264.86 $253.04 $225.88 $311.12 $193.65 $190.13 156.09% <-Total Growth 10 Intangibles Leverage
Goodwill $63.40 $65.32 $71.36 $164.08 $227.45 $234.69 $256.62 $351.57 $351.57 $358.61 $342.98 $339.61 $348.92 $350.01 388.99% <-Total Growth 10 Goodwill D/E Ratio
Total $136.18 $136.81 $146.97 $327.86 $424.67 $452.85 $489.82 $616.43 $616.43 $611.65 $568.86 $650.72 $542.57 $540.13 269.16% <-Total Growth 10 Total
Change -3.68% 0.46% 7.43% 123.07% 29.53% 6.64% 8.16% 25.85% 0.00% -0.78% -7.00% 14.39% -16.62% -0.45% 7.40% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.35 0.24 0.20 0.68 0.55 0.53 0.57 0.71 1.11 1.03 0.69 0.68 0.57 0.73 0.68 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $116.50 $227.20 $193.57 $234.44 $197.28 $355.41 $392.34 $438.46 $476.16 $572.82 $642.85 $662.25 $665.00 $698.64 Liquidity ratio of 1.5 and up, best
Current Liabilities $27.27 $172.31 $113.98 $152.02 $124.77 $276.69 $229.72 $255.61 $311.10 $464.65 $412.22 $548.00 $432.51 $432.79 1.54 <-Median-> 10 Liquidity Ratio
Liquidity Ratio 4.27 1.32 1.70 1.54 1.58 1.28 1.71 1.72 1.53 1.23 1.56 1.21 1.54 1.61 1.53 <-Median-> 5 Liquidity Ratio
Liq. with CF aft div 4.33 1.56 1.60 1.84 1.66 1.31 1.70 1.70 1.71 1.29 1.78 1.38 1.77 1.86 1.71 <-Median-> 5 Liquidity Ratio
Liq. CF re  Inv+Div  3.58 1.48 1.28 0.69 0.81 0.74 1.22 0.91 1.42 1.11 1.47 1.28 1.63 1.86 1.42 <-Median-> 5 Liquidity Ratio
Curr Long Term Debt $0.500 $0.000 $55.177 $0.095 $0.117 $0.289 $0.893 $0.475 $0.475 $0.479 $171.798 $26.989 $0.297
Liquidity Less CLTD 1.32 1.70 2.42 1.58 1.29 1.71 1.72 1.53 1.23 1.56 1.76 1.64 1.62 1.56 <-Median-> 5 Liquidity Ratio
Liq. with CF aft div 1.57 1.60 2.89 1.66 1.31 1.70 1.70 1.71 1.29 1.78 2.01 1.89 1.86 1.78 <-Median-> 5 Liquidity Ratio
Assets $370.48 $485.36 $447.12 $739.74 $850.15 $1,137.27 $1,233.56 $1,462.98 $1,479.18 $1,593.65 $1,646.05 $1,654.98 $1,666.63 $1,727.80 Debt Ratio of 1.5 and up, best
Liabilities $180.79 $288.66 $237.39 $502.02 $605.59 $845.06 $799.36 $1,089.59 $1,216.04 $1,324.90 $1,380.38 $1,336.99 $1,368.19 $1,440.06 1.29 <-Median-> 10 Ratio
Debt Ratio 2.05 1.68 1.88 1.47 1.40 1.35 1.54 1.34 1.22 1.20 1.19 1.24 1.22 1.20 1.22 <-Median-> 5 Ratio
Estimates BVPS $19.00 $25.50 Estimates Estimates BVPS
Estimate Book Value $356.0 $477.8 Estimates Estimate Book Value
P/B Ratio (Close) 2.06 1.54 Estimates P/B Ratio (Close)
Difference from 10 year median -19.93% Diff M/C Estimates Difference from 10 yr med.
Total Book Value $189.70 $196.71 $209.73 $237.72 $244.56 $292.21 $434.20 $373.40 $263.14 $268.75 $265.67 $317.98 $298.44 $287.75 $287.75 $287.75 42.30% <-Total Growth 10 Book Value
Book Value per Share $15.21 $15.60 $15.93 $16.29 $16.55 $18.08 $23.64 $20.00 $14.10 $14.30 $14.06 $16.73 $15.81 $15.36 $15.36 $15.36 -0.78% <-Total Growth 10 Book Value per Share
Change -6.63% 2.55% 2.14% 2.28% 1.55% 9.29% 30.77% -15.41% -29.49% 1.40% -1.71% 19.03% -5.53% -2.85% 1.47% <-Median-> 10 Change
P/B Ratio (Median) 2.29 2.41 3.12 2.63 2.48 3.03 2.30 2.51 2.26 2.53 2.65 3.16 3.48 2.69 2.58 <-Median-> 10 P/B Ratio (Median)
P/BV 10 yr Med 2.58 5 yr Med 2.65
Debentures $5.11 $8.24 $3.14 $6.91 $6.91 $9.90 $8.20 $6.71 $4.43 $12.91 $22.85 $22.87 $22.87 $22.87 $22.87 $22.87 629.44% <-Total Growth 10 Debentures
Preferred Shares $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 <-Total Growth 10 Preferred Shares
Book Value $184.59 $188.47 $206.59 $230.81 $237.65 $282.31 $426.00 $366.69 $258.71 $255.85 $242.82 $295.12 $275.57 $264.88 $264.88 $264.88 33.39% <-Total Growth 10 Book Value
Book Value per Share $14.80 $14.94 $15.69 $15.82 $16.08 $17.47 $23.20 $19.64 $13.87 $13.61 $12.85 $15.53 $14.60 $14.14 $14.14 $14.14 -6.99% <-Total Growth 10 Book Value per Share
Change -6.79% 0.97% 5.02% 0.81% 1.63% 8.65% 32.80% -15.33% -29.41% -1.82% -5.63% 20.87% -6.01% -3.15% 0.00% 0.00% 8.61% P/B Ratio Current/Historical Median
P/B Ratio (Median) 2.36 2.51 3.17 2.71 2.55 3.14 2.34 2.55 2.29 2.65 2.90 3.40 3.77 2.92 0.00 0.00 2.55 P/B Ratio Historical Median
P/B Ratio (Close) 2.12 2.99 3.60 2.10 3.27 3.05 2.02 2.36 2.15 2.33 3.37 3.25 3.48 2.77 2.77 2.77 -0.72% <-IRR #YR-> 10 Book Value per Share -6.99%
Change -10.23% 41.01% 20.52% -41.63% 55.42% -6.53% -33.93% 17.19% -9.07% 8.24% 45.00% -3.58% 7.02% -20.32% 0.00% 0.00% -5.77% <-IRR #YR-> 5 Book Value per Share -25.69%
Leverage (A/BK) 1.95 2.47 2.13 3.11 3.48 3.89 2.84 3.92 5.62 5.93 6.20 5.20 5.58 6.00 4.56 <-Median-> 10 A/BV
Debt/Equity Ratio 0.95 1.47 1.13 2.11 2.48 2.89 1.84 2.92 4.62 4.93 5.20 4.20 4.58 5.00 3.56 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.68 5 yr Med 2.90 3.49% Diff M/C 2.47 Historical 21 A/BV
-$15.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.60
-$19.64 $0.00 $0.00 $0.00 $0.00 $14.60
-$10.31 <-12 mths -1016.44%
Comprehensive Income $16.47 $28.55 $15.57 $2.49 $32.77 $8.81 $54.30 -$20.32 -$94.29 -$1.98 -$12.67 $66.00 $1.13 -92.78% <-Total Growth 10 Comprehensive Income
Increase -44.23% 73.29% -45.45% -83.99% 1214.60% -73.13% 516.60% -137.41% -364.09% 97.90% -540.12% 621.01% -98.30% -98.30% <-Median-> 5 Comprehensive Income
5 Yr Running Average $29.42 $33.11 $23.93 $18.53 $19.17 $17.64 $22.79 $15.61 -$3.74 -$10.69 -$14.99 -$12.65 -$8.36 -23.11% <-IRR #YR-> 10 Comprehensive Income -92.78%
ROE 8.9% 15.1% 7.5% 1.1% 13.8% 3.1% 12.7% -5.5% -36.4% -0.8% -5.2% 22.4% 0.4% #NUM! <-IRR #YR-> 5 Comprehensive Income 105.54%
5Yr Median 15.0% 15.1% 15.0% 8.9% 8.9% 7.5% 7.5% 3.1% 3.1% -0.8% -5.2% -5.2% -0.8% #NUM! <-IRR #YR-> 10 5 Yr Running Average -134.93%
% Difference from NI -4.2% 26.4% 279.8% -109.9% 69.8% -75.0% 104.0% -238.8% 52.9% -118.7% -75.0% -4.2% -105.6% #NUM! <-IRR #YR-> 5 5 Yr Running Average -153.55%
Median Values Diff 5, 10 yr -75.0% -75.0% -0.8% <-Median-> 5 Return on Equity
-$15.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1.1
$20.3 $0.0 $0.0 $0.0 $0.0 $1.1
-$23.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$8.4
-$15.6 $0.0 $0.0 $0.0 $0.0 -$8.4
Current Liability Coverage Ratio 1.43 0.33 0.60 0.32 0.44 0.25 0.51 0.28 0.00 0.18 0.42 0.28 0.28 0.27   CFO / Current Liabilities
5 year Median 1.23 1.23 0.96 0.60 0.44 0.33 0.44 0.32 0.28 0.25 0.28 0.28 0.28 0.28 0.28 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 10.50% 11.74% 15.18% 6.52% 6.47% 6.09% 9.58% 4.92% 0.01% 5.25% 10.55% 9.35% 7.29% 6.89% CFO / Total Assets
5 year Median 13.47% 12.56% 12.56% 11.74% 10.50% 6.52% 6.52% 6.47% 6.09% 5.25% 5.25% 5.25% 7.29% 7.29% 6.5% <-Median-> 10 Return on Assets 
Return on Assets ROA 4.64% 4.65% 0.92% -3.41% 2.27% 3.09% 2.16% 1.00% -4.17% 0.66% -3.07% 4.16% -1.20% 2.34% Net  Income/Assets Return on Assets
5Yr Median 9.23% 6.22% 4.65% 4.64% 2.27% 2.27% 2.16% 2.16% 2.16% 1.00% 0.66% 0.66% -1.20% 0.66% 0.8% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE AEPS 10.42% 11.79% 17.10% 14.08% 15.38% 13.43% 13.72% 11.33% 23.29% 24.72% 31.21% 42.55% 34.56% 23.26% 32.45% 41.28% Adj Net Inc/ Shareholders' equity Return on Equity
Return on Equity ROE EPS 9.31% 11.99% 1.98% -10.93% 8.12% 12.47% 6.25% 3.99% -23.83% 4.13% -20.83% 23.34% -7.29% 15.29% 30.56% 40.02% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 17.09% 16.06% 11.15% 4.29% 3.62% 4.88% 4.34% 4.57% 2.17% 1.60% -3.90% -1.28% -3.98% 3.69% 8.91% 20.23% 4.1% <-Median-> 10 Return on Equity
-$38.81 <-12 mths -93.28%
Net Income AEPS $19.24 $22.22 $35.33 $32.49 $36.55 $37.92 $58.45 $41.56 $60.26 $63.24 $75.78 $125.57 $95.23 $61.60 $85.94 $109.35
Net Income EPS $17.19 $22.59 $4.10 -$25.23 $19.31 $35.20 $26.62 $14.63 -$61.65 $10.56 -$50.58 $68.89 -$20.08 $40.5 $80.9 $106.0 -589.80% <-Total Growth 10 Net Income
Increase -29.91% 31.43% -81.85% -715.34% 176.52% 82.31% -24.37% -45.03% -521.29% 117.13% -579.10% 236.19% -129.15% 301.67% 99.85% 30.96% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $28.9 $29.2 $20.9 $8.6 $7.6 $11.2 $12.0 $14.1 $6.8 $5.1 -$12.1 -$3.6 -$10.6 $9.9 $23.9 $55.2 #NUM! <-IRR #YR-> 10 Net Income -589.80%
Operating Cash Flow $31.59 $72.64 $20.61 $80.62 $45.00 $45.00 $41.19 $40.42 $74.17 $39.12 $102.17 $105.63 $110.82 #NUM! <-IRR #YR-> 5 Net Income -237.24%
Investment Cash Flow -$5.70 -$9.94 -$29.06 -$251.61 -$129.67 -$213.52 -$88.64 -$223.13 -$62.70 -$75.32 -$85.77 -$43.12 -$36.54 #NUM! <-IRR #YR-> 10 5 Yr Running Average -194.46%
Total Accruals -$8.71 -$40.11 $12.55 $145.76 $103.98 $203.72 $74.06 $197.35 -$73.12 $46.76 -$66.99 $6.38 -$94.37 #NUM! <-IRR #YR-> 5 5 Yr Running Average -174.96%
Total Assets $370.48 $485.36 $447.12 $739.74 $850.15 $1,137.27 $1,233.56 $1,462.98 $1,479.18 $1,593.65 $1,646.05 $1,654.98 $1,666.63 Balance Sheet Assets
Accruals Ratio -2.35% -8.26% 2.81% 19.70% 12.23% 17.91% 6.00% 13.49% -4.94% 2.93% -4.07% 0.39% -5.66% -4.07% <-Median-> 5 Ratio
EPS/CF Ratio 0.44 0.39 0.06 -0.55 0.35 0.51 0.24 0.20 -492.58 0.11 -0.29 0.42 -0.16 0.16 <-Median-> 10 EPS/CF Ratio
-$4.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$20.1
-$14.6 $0.0 $0.0 $0.0 $0.0 -$20.1
-$20.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$10.6
-$14.1 $0.0 $0.0 $0.0 $0.0 -$10.6
Chge in Close -16.33% 42.38% 26.56% -41.16% 57.95% 1.56% -12.26% -0.77% -35.81% 6.27% 36.84% 16.54% 0.59% -22.83% 0.00% 0.00% Count 22 Years of data
up/down down up down down down down down up Count 14 63.64%
Any Predictions? Yes Yes Yes Yes Yes % right Count 8 57.14%
Financial Cash Flow -$30.56 $43.86 -$74.99 $203.93 $29.69 $29.69 -$30.37 $197.53 $2.56 $35.05 -$18.07 -$34.11 -$82.43 C F Statement  Financial Cash Flow
Total Accruals $21.86 -$83.97 $87.54 -$58.17 $74.29 $174.03 $104.43 -$0.18 -$75.68 $11.71 -$48.92 $40.49 -$11.93 Accruals
Accruals Ratio 5.90% -17.30% 19.58% -7.86% 8.74% 15.30% 8.47% -0.01% -5.12% 0.73% -2.97% 2.45% -0.72% -0.72% <-Median-> 5 Ratio
Cash $2.17 $105.73 $25.30 $58.23 $2.77 $2.77 $33.61 $48.42 $62.46 $36.94 $59.64 $63.44 $58.66 $10.15 Cash
Cash per Share $0.17 $8.38 $1.92 $3.99 $0.19 $0.17 $1.83 $2.59 $3.35 $1.97 $3.16 $3.34 $3.11 $0.54 $3.16 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.55% 18.77% 3.40% 12.00% 0.36% 0.32% 3.91% 5.59% 11.23% 6.20% 7.28% 6.61% 6.11% 1.38% 6.61% <-Median-> 5 % of Stock Price
Annual Report perhaps mid February.
Notes:
May 10, 2025.  Last estimates were for 2024, 2025, 2026 of $1615M, $1711M, $1844M Revenue, $5.87, $6.73, $7.83 AEPS, $6.06, $6.20, $8.30 EPS, $0.60, $0.60, $0.60 Dividends, 
$96M, $112M, $171M FCF, $7.45, $8.15, $11.70 CFPS, $307.80M, $327.50M, $354.40M EBITDA,$13.80, $19.00, $25.50 BVPS, $119.2M, $132.5M, $159.5M.
May 11, 2023.  Last esatimates were for $1613M, $1712M, $1795M Revenue, $$4.43, $5.41, $4.32 AEPS, $4.11, $4.25, $7.18 EPS, 
$0.60, $0.60. $0.60 Dividends, $132M, $134M and $164M FCF, $6.93, $9.22, $9.91 CFPS, $13.80, $19.00, $25.50 for BVPS, $91.8M, $102M, $124M Net Income.
May 9, 2023.  Last estimates were for 2022, 2023 and 2023 of $1357M, $1470M, and $1602M for Revenue, $3.23, $3.63 and $4.38 for AEPS, $3.33, $4.14 and $5.00 for EPS, 
$0.60, $0.60 and $0.60 for Dividends, $77M, $112M and $142M for FCF, $5.98, $7.21 and $8.13 for CFPS, $16.20, $19.70 and $24.40 for BVPS, $67.2M, $76.4M and $96.00M for Net Income.
May 8, 2022.  Last estimates were for 1126M, $1204M and $1219M for Revenue, $6.24 for FFO for 2021, $2.57, $3.34 and $3.90 for AEPS, $2.24, $3.17 and $3.00 for EPS, 
$0.60, $0.60 and $0.60 for Dividends, $70.8M, $88.8M and $99.0M for FCF, $0.62 and $5.84 for CFPS for 2021-22, and $41.8M, $61.7M and $57M for Net Income.
May 8, 2021.  Last estimates were for 2020, 2021 and 2022 of $958M, $1086M and $195M for Revenue, $ 116.49 for 2020 for FFO, $1.24 and $2.77 for Adj EPS, 
$0.76, $2.00 and $2.16 for EPS, $1.59, $1.32 and $0.60 for dividends, $49.3M, $69.4M and $77M for FCF, $3.54, $5.49 for 2020 and 2021 for CFPS and $10.6M, $39.7M and $41M for Net Income.
May 3, 2020.  Last estimates were for 2019, 2020 and 2021 of Revenue of 1075M, $1190M and $1171M, FFO of $111.47 and 125.98 for 2019 and 2020, Adj EPS of $4.12, 4.01 and $4.22
3.30, $3.76 and $4.01 for EPS, $2.40, $2.40 and $2.40 for Div, $5.87, $6.77 and $6.28 for CFPS and $65.8M, $72.7M and $74.0M for Net Income.
May 5, 2019.  Last estimates were for 2018, 2019 and 2020 of $859M, $923M ad $904M for Revenue, $5.52 and $6.43 for FFO for 2018 and 2019, 
$2.90, $3.44 and $3.84 for EPS, $5.01 and $5.72 for CFPS for 2018 and 2019 and $47.7M, $59.5M and $63M for Net Income.
April 27, 2018.  Last estimates were for 2017 and 2018 of $785M and $865M for Revenue, $78.93 and $85.29 for FFO, $3.25 and $4.41 for EPS, 
$4.91 and $6.76  CFPS and $49.6M and $64.4M for Net Income.
April 30, 2017.  Last estimates were for 2016 and 2017 of $561M and $621M for Revenue, $2.46 and $2.75 for EPS, $4.34 and $5.30 for CFPS and $35.6M and $42.5M for Net Income.
May 14, 2016.  Last estimates were for 2015 and 2016 of $563M and $682M for Revenue, $1.70 and $3.27 for EPS, $4.46 and $5.27 for CFPS and $25.3M and $47.9M for Net Income
May 31, 2015.  Last estimates were for 2014 and 2015 of $424M and $458M for Revenue, $2.87 and $3.33 for EPS, $4.75 and $5.04 for CFPS and $37M and $44.3M for Net Income.
May 19, 2014.  Last estimates were for 2013, 2014 and 2015 of $333M, 372M and 378M for Revenue, $2.03, 2.54 and 2.42 for EPS, $3.13, 3.57 and 2.69 for CFPS.
May 15, 2013.  Last estimates were for 2012 and 2013 of Revenues of $344M and $370M, EPS of $2.26 and $2.73 (and $2.84 2014).
Company has been affected by severe drought continitions in US. 
May 4, 2012.  Last estimates were for 2011 and 2012 of $313M and $354M for Revenue, $2.56 and $3.14 for EPS and $3.60 and $3.60 for CF
Recent increasse in Book Value is due to new accounting rules and under these rules Book  value has  decreased since 2010.
Aug 30, 2011.  Last estimates for 2010 and 2011 were $2.65 and $3.15 for earnings and $3.45 and $3.85 for Cash Flow.
Aug 11, 2010.  Last time I got 2010 and 2011 earnings of $2.80 and $3.22 and Cash Flow of $3.65 and $4.35. Earnings and cash flow for both years have been decreased.
Apr 29, 2010.  I previously got estimates for 2009 and 2010 of $3.40 and $3.35 for earnings and $3.87 and $4.08 for Cash Flow.
In June 2009, company was converted into a corporation.  Used to be a Unit Trust AFN.UN
2004.  Company went public Ag Growth International (AFN.UN)
1996. Growth was founded in 1996.    
Not all the financial statements connected properly, so I used google financial figures also.  I cannot find any stock price before 2004 either.
I cannot find financials beyond 2004.
Sector:
Manufacturing, Industrial
What should this stock accomplish?
I would expect volitility but over the longer term for the dividends to be moderate to good with low dividend growth. 
Would I buy this company and Why.
Yes, I plan to continue to hold this stock and maybe buy more in the future.
Why am I following this stock. 
I wanted to review all the income trust stocks touted in the Money Show of 2009.   There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yields. 
Its median yield in 2009 was 7.9%.  It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
Why I bought this stock.
By 2011 when I bought this stock, I have been interested in AFN for some time.
This stock is a play on the agricultural sector.
Dividends
Dividends are now paid quarterly in Cycle 1 of January, April, July and October.
Dividends are paid monthly near the first of the month.  Dividends are declared for shareholders of one month for payment in the following month.
For example, the dividend payable on February 14, 2014 was for shareholders of record of January 31, 2014.
How they make their money.
Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, 
grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems.  It has manufacturing facilities in Canada, the United States, 
Italy, Brazil, France, the United Kingdom, and India. Its geographical segments are Canada, the United States, and the International.
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 2017 April 27 2018 May 5 2019 May 3 2020 May 8 2021 May 8 2022 May 8 2023 May 11 2024 May 10 2025 CEO 2022, before officer
Householder, Paul 0.029 0.15% 0.029 0.15% 0.029 0.15% 0.029 0.15% 0.029 0.15% 0.033 0.17% last updated Jun 2019 14.04%
CEO - Shares - Amount $0.850 $0.903 $1.235 $1.440 $1.448 $1.275
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 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 $0.000
Close, Timothy Jackson 0.46% 0.077 0.42% 0.077 0.41% 0.157 0.84% 0.157 0.84% 0.159 0.84%
CEO - Shares - Amount $3.960 $3.620 $3.592 $4.695 $4.989 $6.875
Options - percentage 5.01% 0.092 0.50% 0.092 0.49% 0.862 4.62% 0.086 0.46% 0.086 0.46%
Options - amount $43.205 $4.319 $4.286 $25.705 $2.732 $3.738
Rudyk, Jim  0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Not found #DIV/0!
CFO - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000
Options - percentage 0.000 0.00% 0.000 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
Sommerfeld, Steven Robert 3.83% 0.062 0.34% 0.073 0.39% 0.076 0.41% Last file Dec 2020
CFO - Shares - Amount $33.002 $2.896 $3.391 $2.271 "0" amounts
Options - percentage 0.24% 0.045 0.24% 0.026 0.14% 0.025 0.13%
Options - amount $2.080 $2.083 $1.207 $0.745
Brisebois, Paul 0.022 0.12% 0.016 0.09% 0.016 0.09% 0.016 0.08% 0.016 0.09% 0.016 0.09% Last report Dec 2020 0.00%
Officer - Shares - Amount $0.649 $0.510 $0.697 $0.813 $0.817 $0.631
Options - percentage 0.009 0.05% 0.009 0.05% 0.009 0.05% 0.009 0.05% 0.009 0.05% 0.009 0.05% 0.00%
Options - amount $0.275 $0.293 $0.400 $0.467 $0.469 $0.362
Kipp, Ryan Gordan 0.015 0.08% 0.015 0.08% 0.015 0.08% Last report Apr 2022 0.00%
Officer - Shares - Amount $0.756 $0.760 $0.587
Options - percentage 0.009 0.04% 0.009 0.05% 0.009 0.05% 0.00%
Options - amount $0.430 $0.432 $0.334
Braun, Ronald Edwin 0.14% 0.032 0.18% 0.037 0.20%
Officer - Shares - Amount $1.216 $1.515 $1.737
Options - percentage 0.07% 0.017 0.09% 0.000 0.00%
Options - amount $0.584 $0.793 $0.000
Maslechko, William S. 0.009 0.05% 0.009 0.05% 0.009 0.05% 0.003 0.02% Last report Apr 2021 -67.67%
Director - Shares - Amount $0.390 $0.455 $0.457 $0.114
Options - percentage 0.039 0.21% 0.039 0.21% 0.039 0.21% 0.040 0.21% 0.31%
Options - amount $1.710 $1.993 $2.004 $1.552
White, David 0.004 0.02% 0.018 0.09%
Director - Shares - Amount $0.209 $0.688
Options - percentage 0.019 0.10% 0.009 0.05%
Options - amount $0.989 $0.361
Moore, Malcolm  0.000 0.00% 0.006 0.03% Last report Apr 2024
Director - Shares - Amount $0.000 $0.306 Last insider May 2024
Options - percentage 0.007 0.04% 0.009 0.05%
Options - amount $0.361 $0.452
Giesselman, Janet 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% 0.014 0.08% Now Chair 2024 #DIV/0!
Chair- Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.557 Last report Apr 2024
Options - percentage 0.02% 0.004 0.02% 0.005 0.03% 0.006 0.03% 0.006 0.03% 0.008 0.04% 0.008 0.04% 0.017 0.09% 0.013 0.07% -27.04%
Options - amount $0.187 $0.209 $0.253 $0.191 $0.203 $0.344 $0.401 $0.882 $0.496
Lambert, William Allen 0.45% 0.073 0.40% 0.074 0.40% 0.076 0.41% 0.076 0.40% 0.096 0.51% 0.116 0.61% 0.116 0.61% Was Chair until 2024 -100.00%
Director - Shares - Amount $3.885 $3.409 $3.429 $2.261 $2.402 $4.154 $5.852 $5.887 Last report Apr 2024
Options - percentage 0.07% 0.012 0.07% 0.014 0.07% 0.015 0.08% 0.015 0.08% 0.017 0.09% 0.017 0.09% 0.036 0.19% -100.00%
Options - amount $0.584 $0.579 $0.648 $0.458 $0.486 $0.757 $0.882 $1.846
Estate selling in 2012
Estate selling in 2012
Estate selling in 2012
Increase in O/S Shares 0.32% 0.134 0.83% 0.144 0.79% 0.294 1.58% 0.060 0.32% 0.075 0.40% 0.107 0.57% 0.105 0.55% 0.076 0.41% Average 0.45%
due to SO $2.483 $7.125 $6.760 $13.672 $1.787 $2.365 $4.655 $5.293 $3.887 DDCP Directors comp.
Book Value $1.640 $5.300 $5.820 $5.187 $5.642 $3.461 $4.411 $0.654 $2.816 SAIP Share Incentive
Insider Buying -$0.181 -$0.161 -$0.300 -$0.558 -$0.245 -$1.023 -$0.722 $0.000 -$1.121 EIAP
Insider Selling $0.372 $2.180 $1.332 $2.953 $4.785 $0.000 $0.000 $0.000 $0.000
Net Insider Selling $0.192 $2.020 $1.032 $2.396 $4.540 -$1.023 -$0.722 $0.000 -$1.121 Yes 0
% of Market Cap 0.02% 0.23% 0.12% 0.43% 0.76% -0.12% -0.08% 0.00% -0.15%
Directors  7 7 9 8 9 10 10 8
Women 14% 1 14% 1 14% 3 33% 3 38% 3 33% 3 30% 3 30% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 10% 1 10% 1 13%
Institutions/Holdings 60 29.00% 68 29.00% 20 34.38% 20 21.61% 20 21.92% 20 19.65%
Total Shares Held 4.774 26.00% 5.477 29.34% 6.460 34.18% 4.092 21.53% 4.179 22.13% 3.683 19.65%
Increase/Decrease -0.167 -3.39% 0.256 4.91% -0.088 -1.34% -0.221 -5.12% 0.645 18.27% 0.316 9.38%
Starting No. of Shares 4.942 5.221 6.548 Top 20 MS 4.313 Top 20 MS 3.533 Top 20 MS 3.367 Top 20 MS
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