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	<-estimate
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			Feb 2025
EQB  Inc					TSX:	EQB	OTC:	EQGPF	https://www.equitablebank.ca/			Fiscal Yr:	Oct 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	10/31/23	10/31/24	10/31/25	10/31/26	10/31/27		Value	Description	#Y	Item	Total G
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
Months Covered	12	12	12	12	12	12	12	12	12	12	12	10	12	12	12	12
Split										2
Split Date										15-Oct-21
														$1,282.0	<-12 mths	1.39%
Adjusted Revenue					$663.9	$751.5	$887.7	$497.1	$556.8	$642.9	$785.7	$944.5	$1,264.4	$1,287.0	$1,396.0	$1,565.0
Increase						13.19%	18.13%	-44.01%	12.02%	15.46%	22.21%	20.21%	33.88%
														$1,282.0	<-12 mths	52.94%
Net Interest Income Revenue	$154.2	$174.5	$204.5	$242.2	$279.9	$308.8	$348.4	$462.6	$497.4	$582.6	$733.4	$838.3	$1,050.5	$1,287	$1,396	$1,565		413.63%	<-Total Growth	10	Net Int, Other Income
Increase	15.26%	13.20%	17.18%	18.44%	15.56%	10.33%	12.81%	32.80%	7.51%	17.13%	25.88%	14.30%	25.31%	22.51%	8.47%	12.11%		17.78%	<-IRR #YR->	10	Net Interest Income	413.63%
5 year Running Average	$103.9	$125.9	$152.2	$181.8	$211.1	$242.0	$276.8	$328.4	$379.4	$440.0	$524.9	$622.9	$740.4	$898.4	$1,061.0	$1,227.4		17.82%	<-IRR #YR->	5	Net Interest Income	127.06%
Revenue per Share	$5.07	$5.68	$6.63	$7.79	$8.50	$9.36	$10.52	$13.77	$14.74	$17.10	$19.52	$22.13	$27.32	$33.47	$36.31	$40.70		17.14%	<-IRR #YR->	10	5 yr Running Average	386.46%
Increase	13.95%	11.99%	16.57%	17.65%	9.09%	10.04%	12.47%	30.87%	7.03%	16.02%	14.18%	13.35%	23.46%	22.51%	8.47%	12.11%		17.66%	<-IRR #YR->	5	5 yr Running Average	125.47%
5 year Running Average	$3.46	$4.16	$5.00	$5.93	$6.74	$7.59	$8.56	$9.99	$11.38	$13.10	$15.13	$17.45	$20.16	$23.91	$27.75	$31.99		15.22%	<-IRR #YR->	10	Revenue per Share	312.39%
P/S (Price/Sales) Med	2.87	3.68	4.43	3.65	3.21	2.91	2.91	3.26	2.69	3.95	3.16	3.00	3.50	3.15	0.00	0.00		14.68%	<-IRR #YR->	5	Revenue per Share	98.39%
P/S (Price/Sales) Close	3.22	4.47	4.96	3.30	3.56	3.82	2.81	3.97	3.43	4.03	2.91	3.94	3.62	3.14	2.89	2.58		14.97%	<-IRR #YR->	10	5 yr Running Average	303.52%
Net Interest Income is what analysts seem to be looking at.					P/S Med	20 yr	3.38	15 yr	3.21	10 yr	3.19	5 yr	3.16		-1.56%	Diff M/C		15.08%	<-IRR #YR->	5	5 yr Running Average	101.84%
			-$204.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,050.5
								-$462.6	$0.0	$0.0	$0.0	$0.0	$1,050.5
			-$152.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$740.4
								-$328.4	$0.0	$0.0	$0.0	$0.0	$740.4
			-$6.63	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.32
								-$13.77	$0.00	$0.00	$0.00	$0.00	$27.32
			-$5.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20.16
								-$9.99	$0.00	$0.00	$0.00	$0.00	$20.16
Interest Income	$476.5	$494.2	$509.5	$565.2	$637.5	$710.5	$860.1	$1,116.8	$1,121.7	$1,107.3	$1,616.2	$2,406.4	$3,139.5					516.15%	<-Total Growth	10	Revenue
Other Income	$6.6	$14.4	$13.4	$16.8	$26.5	$41.0	$27.7	$34.4	$59.4	$60.3	$48.8	$137.4	$205.0					1426.88%	<-Total Growth	10	Revenue
Total Revenue*	$483.1	$508.6	$523.0	$582.0	$663.9	$751.5	$887.7	$1,151.2	$1,181.1	$1,167.6	$1,665.0	$2,543.8	$3,344.5					539.52%	<-Total Growth	10	Revenue
Increase	10.06%	5.26%	2.83%	11.29%	14.08%	13.19%	18.13%	29.68%	2.59%	-1.14%	42.60%	52.78%	31.48%					20.39%	<-IRR #YR->	10	Revenue	539.52%
5 year Running Average	$313.6	$369.9	$433.0	$507.1	$552.1	$605.8	$681.6	$807.3	$927.1	$1,027.8	$1,210.5	$1,541.8	$1,980.4					23.78%	<-IRR #YR->	5	Revenue	190.52%
Revenue per Share	$15.90	$16.56	$16.94	$18.73	$20.17	$22.77	$26.81	$34.27	$35.00	$34.27	$44.32	$67.16	$86.98					16.42%	<-IRR #YR->	10	5 yr Running Average	357.42%
Increase	8.81%	4.13%	2.30%	10.55%	7.69%	12.89%	17.77%	27.80%	2.13%	-2.08%	29.34%	51.51%	29.53%					19.66%	<-IRR #YR->	5	5 yr Running Average	145.32%
5 year Running Average	$10.43	$12.22	$14.22	$16.55	$17.66	$19.03	$21.08	$24.55	$27.80	$30.62	$34.93	$43.00	$53.55					17.77%	<-IRR #YR->	10	Revenue per Share	413.46%
P/S (Price/Sales) Med	0.92	1.26	1.73	1.52	1.35	1.19	1.14	1.31	1.13	1.97	1.39	0.99	1.10					20.48%	<-IRR #YR->	5	Revenue per Share	153.84%
P/S (Price/Sales) Close	1.03	1.53	1.94	1.37	1.50	1.57	1.10	1.60	1.44	2.01	1.28	1.30	1.14					14.18%	<-IRR #YR->	10	5 yr Running Average	276.65%
*Intertest Income and Other Income. in M CDN $					P/S Med	20 yr	1.29	15 yr	1.26	10 yr	1.25	5 yr	1.13					16.88%	<-IRR #YR->	5	5 yr Running Average	118.12%
			-$523.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$3,344.5
								-$1,151.2	$0.0	$0.0	$0.0	$0.0	$3,344.5
			-$433.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$1,980.4
								-$807.3	$0.0	$0.0	$0.0	$0.0	$1,980.4
			-$16.94	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$86.98
								-$34.27	$0.00	$0.00	$0.00	$0.00	$86.98
			-$14.22	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$53.55
								-$24.55	$0.00	$0.00	$0.00	$0.00	$53.55
														$11.11	<-12 mths	0.73%
Reported Adj. Net Income									$223.8	$293.1	$326.7	$364.3	$437.2								Reported Adj. Net Income
Adjusted Net Income	$77.6	$90.9	$102.5	$121.3	$138.8	$155.6	$168.0	$207.2	$219.2	$288.7	$321.2	$357.3	$425.2					314.83%	<-Total Growth	10	Adjusted Net Income
Return on Equity ROE	17.13%	16.84%	16.24%	15.72%	15.34%	14.60%	13.91%	14.85%	13.92%	15.34%	13.65%	13.41%	13.59%					14.26%	<-Median->	10	Return on Equity ROE
Less Preferred Div									$219.3	$288.7	$321.2	$357.3	$425.4								Less Preferred Div
Adjusted Net Income Calc									$219.2	$288.7	$321.2	$357.3	$425.2								Adjusted Net Income Calc
Return on Equity ROE	17.13%	16.84%	16.24%	15.72%	15.34%	14.60%	13.91%	14.85%	13.92%	15.34%	13.65%	13.41%	13.59%								Return on Equity ROE
5Yr Median	14.97%	15.81%	16.24%	16.24%	16.24%	15.72%	15.34%	14.85%	14.60%	14.60%	13.92%	13.92%	13.65%					14.73%	<-Median->	10	5Yr Median
Basic	$2.57	$2.98	$3.33	$3.92	$4.45	$4.72	$5.08	$6.21	$6.52	$8.50	$9.26	$9.48	$11.12					234.11%	<-Total Growth	10	AEPS
AEPS* Dilued	$2.56	$2.94	$3.28	$3.87	$4.41	$4.69	$5.05	$6.15	$6.47	$8.38	$9.17	$9.40	$11.03	$12.07	$13.57	$13.94		236.76%	<-Total Growth	10	AEPS
Increase	36.36%	15.11%	11.35%	18.15%	14.01%	6.26%	7.67%	21.83%	5.20%	29.52%	9.43%	2.51%	17.34%	9.43%	12.43%	2.73%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$1.85	$2.16	$2.48	$2.90	$3.41	$3.84	$4.26	$4.83	$5.35	$6.15	$7.04	$7.91	$8.89	$10.01	$11.05	$12.00		12.91%	<-IRR #YR->	10	AEPS	236.76%
AEPS Yield	15.65%	11.59%	9.97%	15.03%	14.60%	13.11%	17.08%	11.25%	12.81%	12.16%	16.16%	10.78%	11.14%	11.50%	12.93%	13.28%		12.39%	<-IRR #YR->	5	AEPS	79.35%
Payout Ratio	9.78%	9.86%	10.08%	9.56%	9.29%	9.81%	10.40%	9.92%	11.44%	8.83%	13.20%	11.70%	15.78%	16.24%	14.44%	14.06%		13.63%	<-IRR #YR->	10	5 yr Running Average	258.77%
5 year Running Average	11.52%	10.70%	10.37%	10.02%	9.68%	9.69%	9.84%	9.83%	10.25%	10.00%	10.86%	11.12%	12.44%	13.49%	14.43%	14.53%		12.96%	<-IRR #YR->	5	5 yr Running Average	83.92%
Price/AEPS Median	5.70	7.12	8.95	7.34	6.18	5.80	6.07	7.31	6.12	8.07	6.73	7.06	8.67	8.74	0.00	0.00		6.90	<-Median->	10	Price/AEPS Median
Price/AEPS High	6.49	8.63	10.84	8.42	7.14	7.71	6.96	9.67	8.68	9.97	8.46	9.28	10.20	9.36	0.00	0.00		8.57	<-Median->	10	Price/AEPS High
Price/AEPS Low	4.90	5.61	7.07	6.27	5.23	3.89	5.18	4.94	3.55	6.17	5.00	4.84	7.15	8.12	0.00	0.00		5.09	<-Median->	10	Price/AEPS Low
Price/AEPS Close	6.39	8.63	10.03	6.65	6.85	7.63	5.86	8.89	7.81	8.22	6.19	9.28	8.97	8.70	7.74	7.53		7.72	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	8.71	9.93	11.16	7.86	7.81	8.10	6.31	10.83	8.21	10.65	6.77	9.51	10.53	9.52	8.70	7.74		8.16	<-Median->	10	Trailing P/AEPS Close
Median Values		DPR	10 Yrs	10.16%	5 Yrs	11.70%	P/CF	5 Yrs	in order	7.06	9.28	5.00	8.22		23.16%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
Adjusted profit from 2019 report			-$3.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$11.03
								-$6.15	$0.00	$0.00	$0.00	$0.00	$11.03
			-$2.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.89
								-$4.83	$0.00	$0.00	$0.00	$0.00	$8.89
														$10.18	<-12 mths	0.69%
Difference Basic and Diluted	0.78%	1.19%	1.51%	1.28%	0.93%	0.74%	0.62%	1.07%	0.77%	1.53%	1.05%	0.83%	0.79%					0.88%	<-Median->	5	Difference Basic and Diluted
Pre-split 2021	$5.15	$5.89	$6.63	$7.83	$8.57	$9.46	$9.73	$12.10
EPS Basic	$2.58	$2.95	$3.32	$3.92	$4.29	$4.73	$4.87	$6.05	$6.52	$8.49	$7.63	$9.67	$10.19					207.39%	<-Total Growth	10	EPS Basic	WebBroker E
Pre-split 2021	$5.11	$5.82	$6.53	$7.73	$8.49	$9.39	$9.67	$11.97
EPS Diluted*	$2.56	$2.91	$3.27	$3.87	$4.25	$4.70	$4.84	$5.99	$6.47	$8.36	$7.55	$9.59	$10.11	$11.86	$13.65			209.65%	<-Total Growth	10	EPS Diluted
Increase	31.70%	13.89%	12.20%	18.38%	9.83%	10.60%	2.98%	23.78%	8.10%	29.21%	-9.69%	27.02%	5.42%	17.31%	15.09%			10	0	10	Years of Data, EPS P or N
Earnings Yield	15.7%	11.5%	9.9%	15.0%	14.0%	13.1%	16.4%	10.9%	12.8%	12.1%	13.3%	11.0%	10.2%	11.3%	13.0%			11.97%	<-IRR #YR->	10	Earnings per Share	209.65%
5 year Running Average	$1.85	$2.16	$2.47	$2.91	$3.37	$3.80	$4.18	$4.73	$5.25	$6.07	$6.64	$7.59	$8.42	$9.49	$10.55			11.05%	<-IRR #YR->	5	Earnings per Share	68.92%
10 year Running Average	$1.35	$1.60	$1.86	$2.16	$2.48	$2.82	$3.17	$3.60	$4.08	$4.72	$5.22	$5.89	$6.57	$7.37	$8.31			4.21%	<-IRR #YR->	10	5 yr Running Average	240.45%
* Diluted ESP per share									E/P	10 Yrs	12.97%	5Yrs	12.13%					12.24%	<-IRR #YR->	5	5 yr Running Average	78.12%
			-$3.27	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.11
								-$5.99	$0.00	$0.00	$0.00	$0.00	$10.11
			-$2.47	$0.00	-$3.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.42
								-$4.73	$0.00	$0.00	$0.00	$0.00	$8.42
Dividend*														$2.53	$2.37				Estimates		Dividend*	See Yahoo
Increase														45.40%	-6.44%				Estimates		Increase	Finance
Payout Ratio EPS														21.33%	17.34%				Estimates		Payout Ratio EPS
Special Dividend	$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 2021	$0.50	$0.58	$0.66	$0.74	$0.82	$0.92	$1.05	$1.22	$1.46
Dividend*	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$1.74	$1.96	$1.96	$1.96		427.27%	<-Total Growth	10	Dividends
Increase	16.28%	16.00%	13.79%	12.12%	10.81%	12.20%	14.13%	16.19%	21.31%	0.00%	63.51%	-9.09%	58.18%	12.64%	0.00%	0.00%		14	1	19	Years of data, Count P, N	73.68%
Average Increases 5 Year Running	4.76%	7.96%	10.71%	13.14%	13.80%	12.98%	12.61%	13.09%	14.93%	12.77%	23.03%	18.38%	26.78%	25.05%	25.05%	12.35%		13.47%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$0.21	$0.23	$0.26	$0.29	$0.33	$0.37	$0.42	$0.48	$0.55	$0.62	$0.77	$0.88	$1.11	$1.35	$1.59	$1.74		330.35%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	1.72%	1.38%	1.13%	1.30%	1.50%	1.69%	1.71%	1.36%	1.87%	1.09%	1.96%	1.66%	1.82%	1.86%				1.67%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	1.51%	1.14%	0.93%	1.14%	1.30%	1.27%	1.49%	1.03%	1.32%	0.89%	1.56%	1.26%	1.55%	1.74%				1.29%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	2.00%	1.76%	1.43%	1.53%	1.78%	2.52%	2.01%	2.01%	3.22%	1.43%	2.64%	2.42%	2.21%	2.00%				2.11%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	1.53%	1.14%	1.01%	1.44%	1.36%	1.29%	1.78%	1.12%	1.47%	1.07%	2.13%	1.26%	1.76%	1.87%	1.87%	1.87%		1.40%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	9.78%	9.97%	10.11%	9.57%	9.66%	9.80%	10.86%	10.19%	11.44%	8.85%	16.03%	11.47%	17.21%	16.53%	14.36%	#DIV/0!		10.53%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	11.51%	10.72%	10.40%	10.01%	9.80%	9.80%	10.02%	10.05%	10.47%	10.13%	11.52%	11.59%	13.14%	14.22%	15.11%	#DIV/0!		10.09%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	-5.45%	-3.20%	-17.85%	4.71%	-65.43%	5.55%	-57.26%	6.66%	7.68%	3.64%	152.09%	125.15%	-24.04%	-27.08%	#VALUE!	#DIV/0!		5.13%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	-4.65%	-2.55%	-13.90%	3.71%	-52.66%	4.49%	-45.70%	5.19%	5.70%	3.02%	96.16%	100.12%	-15.28%	-18.66%	#VALUE!	#DIV/0!		4.10%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	-0.58%	-0.66%	-0.84%	-1.76%	6.64%	6.03%	6.42%	6.09%	7.50%	5.70%	10.31%	6.98%	9.84%	-27.08%	#VALUE!	#DIV/0!		6.53%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	-0.50%	-0.52%	-0.65%	-1.38%	5.34%	4.88%	5.13%	4.74%	5.56%	4.74%	6.52%	5.58%	6.26%	-18.66%	#VALUE!	#DIV/0!		5.23%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	1.67%	1.40%	5 Yr Med	5 Yr Cl	1.82%	1.47%	5 Yr Med	Payout	11.47%	7.68%	7.50%					23.32%	<-IRR #YR->	5	Dividends	185.25%
* Dividends per share	10 Yr Med	and Cur.	11.52%	33.70%	5 Yr Med	and Cur.	2.66%	27.42%	Last Div Inc --->		$0.47	$0.49	4.26%					18.09%	<-IRR #YR->	10	Dividends	427.27%
Dividends Growth 15																		15.51%	<-IRR #YR->	15	Dividends	770.00%
Dividends Growth 20																		10.41%	<-IRR #YR->	20	Dividends
Dividends Growth 5								-$0.61	$0.00	$0.00	$0.00	$0.00	$1.74								Dividends Growth 5
Dividends Growth 10			-$0.33	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.74								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	$1.74								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	$1.74								Dividends Growth 20
Historical Dividends	Historical	High Div	3.93%	Low Div	0.89%	10 Yr High	3.16%	10 Yr Low	0.90%	Med Div	1.60%	Close Div	1.39%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-52.49%		109.80%	Exp.	-40.91%		107.47%	Cheap	16.70%	Cheap	34.21%								High/Ave/Median
Future Dividend Yield					Div Yield	5.33%	earning in	5	Years	at IRR of	23.32%	Div Inc.	185.25%								Future Dividend Yield
Future Dividend Yield					Div Yield	15.19%	earning in	10	Years	at IRR of	23.32%	Div Inc.	713.65%								Future Dividend Yield
Future Dividend Yield					Div Yield	43.34%	earning in	15	Years	at IRR of	23.32%	Div Inc.	2220.91%								Future Dividend Yield
Future Dividend Paid					Div Paid	$5.59	earning in	5	Years	at IRR of	23.32%	Div Inc.	185.25%								Future Dividend Paid
Future Dividend Paid					Div Paid	$15.95	earning in	10	Years	at IRR of	23.32%	Div Inc.	713.65%								Future Dividend Paid
Future Dividend Paid					Div Paid	$45.49	earning in	15	Years	at IRR of	23.32%	Div Inc.	2220.91%								Future Dividend Paid
Dividend Covering Cost					Total Div	$15.57	over	5	Years	at IRR of	23.32%	Div Cov.	14.83%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$54.38	over	10	Years	at IRR of	23.32%	Div Cov.	51.81%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$165.10	over	15	Years	at IRR of	23.32%	Div Cov.	157.28%								Dividend Covering Cost
Yield if held 5 years	1.60%	2.98%	4.19%	3.21%	3.05%	3.16%	2.51%	2.08%	2.60%	2.71%	4.45%	3.59%	3.87%	4.95%	2.90%	3.17%		3.10%	<-Median->	10	Paid Median Price	Years
Yield if held 10 years			3.21%	3.05%	3.11%	2.94%	5.40%	7.74%	6.42%	5.50%	8.31%	5.25%	5.93%	6.90%	7.18%	7.21%		5.45%	<-Median->	10	Paid Median Price	5
Yield if held 15 years								5.94%	6.11%	5.62%	7.74%	11.31%	22.09%	17.01%	14.58%	13.46%		6.92%	<-Median->	6	Paid Median Price	10
Yield if held 20 years													16.93%	16.18%	14.89%	12.54%		16.93%	<-Median->	1	Paid Median Price	15
Yield if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 5 years	6.81%	11.88%	16.31%	12.62%	12.27%	12.78%	10.00%	8.10%	9.66%	11.27%	14.07%	14.36%	12.31%	17.06%	11.79%	14.12%		12.29%	<-Median->	10	Paid Median Price
Cost covered if held 10 years			21.70%	20.19%	20.25%	18.71%	33.43%	46.46%	36.44%	35.14%	39.05%	31.02%	26.96%	33.42%	40.48%	46.13%		32.22%	<-Median->	10	Paid Median Price
Cost covered if held 15 years								44.82%	42.85%	43.61%	43.18%	78.68%	116.66%	95.01%	94.40%	98.95%		44.21%	<-Median->	6	Paid Median Price
Cost covered if held 20 years													98.64%	98.58%	104.16%	98.96%		98.64%	<-Median->	1	Paid Median Price
Cost covered if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$462.6	$497.4	$582.6	$733.4	$838.3	$1,050.5	$1,282.0	<-12 mths	22.04%		127.06%	<-Total Growth	5	Revenue Growth	127.06%
AEPS Growth								$6.15	$6.47	$8.38	$9.17	$9.40	$11.03	$11.11	<-12 mths	0.73%		79.35%	<-Total Growth	5	AEPS Growth	79.35%
Net Income Growth								$201.8	$219.3	$288.1	$264.6	$364.6	$389.8	$390.7	<-12 mths	0.23%		93.19%	<-Total Growth	5	Net Income Growth	93.19%
Cash Flow Growth								$307.7	$325.2	$693.3	$29.9	$33.3	-$278.2					-190.43%	<-Total Growth	5	Cash Flow Growth	-190.43%
Dividend Growth								$0.61	$0.74	$0.74	$1.21	$1.10	$1.74	$1.96	<-12 mths	12.64%		185.25%	<-Total Growth	5	Dividend Growth	185.25%
Stock Price Growth								$54.68	$50.50	$68.91	$56.73	$87.23	$98.97	$104.97	<-12 mths	6.06%		81.02%	<-Total Growth	5	Stock Price Growth	81.02%
Revenue Growth			$204.5	$242.2	$279.9	$308.8	$348.4	$462.6	$497.4	$582.6	$733.4	$838.3	$1,050.5	$1,287.0	<-this year	22.51%		413.63%	<-Total Growth	10	Revenue Growth	413.63%
AEPS Growth			$3.28	$3.87	$4.41	$4.69	$5.05	$6.15	$6.47	$8.38	$9.17	$9.40	$11.03	$12.07	<-this year	9.43%		236.76%	<-Total Growth	10	AEPS Growth	236.76%
Net Income Growth			$106.7	$125.9	$138.3	$138.3	$160.9	$201.8	$219.3	$288.1	$264.6	$364.6	$389.8	$445.0	<-this year	14.15%		265.30%	<-Total Growth	10	Net Income Growth	265.30%
Cash Flow Growth			-$57.1	$243.9	-$20.6	$273.6	-$30.4	$307.7	$325.2	$693.3	$29.9	$33.3	-$278.2					-387.66%	<-Total Growth	10	Cash Flow Growth	-387.66%
Dividend Growth			$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$1.74	$2.53	<-this year	45.40%		427.27%	<-Total Growth	10	Dividend Growth	427.27%
Stock Price Growth			$32.84	$25.75	$30.23	$35.75	$29.56	$54.68	$50.50	$68.91	$56.73	$87.23	$98.97	$123.70	<-this year	24.99%		201.42%	<-Total Growth	10	Stock Price Growth	201.42%
Dividends on Shares				$11.47	$12.71	$14.26	$16.28	$18.91	$22.94	$22.94	$37.51	$34.10	$53.94	$60.76	$60.76	$60.76		$245.06	No of Years	10	Total Dividends	12/31/14
Paid			$1,017.89	$798.25	$937.13	$1,108.25	$916.36	$1,694.93	$1,565.50	$2,136.21	$1,758.63	$2,704.13	$3,068.07	$3,254.07	$3,254.07	$3,254.07		$3,068.07	No of Years	10	Share Value	$32.84
Total																		$3,313.13			Total Return
Graham No. AEPS	$29.28	$34.11	$38.82	$46.49	$52.23	$58.36	$64.36	$75.81	$82.43	$102.06	$113.70	$121.96	$142.09	$147.11	$155.98	$158.10		266.01%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	0.50	0.61	0.76	0.61	0.52	0.47	0.48	0.59	0.48	0.66	0.54	0.54	0.67	0.72				0.54	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.57	0.74	0.91	0.70	0.60	0.62	0.55	0.78	0.68	0.82	0.68	0.72	0.79	0.77				0.69	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.43	0.48	0.60	0.52	0.44	0.31	0.41	0.40	0.28	0.51	0.40	0.37	0.55	0.67				0.40	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.56	0.74	0.85	0.55	0.58	0.61	0.46	0.72	0.61	0.68	0.50	0.72	0.70	0.71	0.67	0.66		0.61	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-44.25%	-25.59%	-15.42%	-44.62%	-42.12%	-38.74%	-54.07%	-27.87%	-38.74%	-32.48%	-50.10%	-28.48%	-30.35%	-28.65%	-32.71%	-33.60%		-38.74%	<-Median->	10	Graham Price
Graham No. EPS	$29.28	$33.92	$38.76	$46.46	$51.23	$58.40	$62.99	$74.78	$82.43	$101.93	$103.17	$123.19	$136.03	$145.83	$156.44	$0.00		250.97%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	0.50	0.62	0.76	0.61	0.53	0.47	0.49	0.60	0.48	0.66	0.60	0.54	0.70	0.72				0.57	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.57	0.75	0.92	0.70	0.62	0.62	0.56	0.80	0.68	0.82	0.75	0.71	0.83	0.77				0.70	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.43	0.49	0.60	0.52	0.45	0.31	0.42	0.41	0.28	0.51	0.44	0.37	0.58	0.67				0.43	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.56	0.75	0.85	0.55	0.59	0.61	0.47	0.73	0.61	0.68	0.55	0.71	0.73	0.72	0.67	#DIV/0!		0.61	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-44.25%	-25.19%	-15.28%	-44.58%	-40.99%	-38.78%	-53.07%	-26.89%	-38.74%	-32.40%	-45.01%	-29.19%	-27.24%	-28.02%	-32.90%	#DIV/0!		-38.76%	<-Median->	10	Graham Price
Month, Year	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec	31-Dec		22.00	<Count Years>		Month, Year
Pre-split 2021	$32.65	$50.76	$65.67	$51.50	$60.46	$71.50	$59.12	$109.35	$101.00
Price Close	$16.33	$25.38	$32.84	$25.75	$30.23	$35.75	$29.56	$54.68	$50.50	$68.91	$56.73	$87.23	$98.97	$104.97	$104.97	$104.97		201.42%	<-Total Growth	10	Stock Price
Increase	30.60%	55.47%	29.37%	-21.58%	17.40%	18.26%	-17.31%	84.96%	-7.64%	36.46%	-17.68%	53.76%	13.46%	6.06%	0.00%	0.00%		12.52	<-Median->	10	CAPE (10 Yr P/E)
P/E	6.39	8.72	10.06	6.66	7.12	7.61	6.11	9.14	7.81	8.24	7.51	9.10	9.79	8.85	7.69	#DIV/0!		12.60%	<-IRR #YR->	5	Stock Price	81.02%
Trailing P/E	8.41	9.93	11.28	7.89	7.82	8.42	6.30	11.31	8.44	10.65	6.79	11.55	10.32	10.38	8.85	7.69		11.66%	<-IRR #YR->	10	Stock Price	201.42%
CAPE (10 Yr P/E)	12.06	15.87	17.65	11.90	12.21	12.66	9.33	15.19	12.39	14.60	10.87	14.82	15.06	14.24	12.63	#DIV/0!		14.14%	<-IRR #YR->	5	Price & Dividend	91.13%
Median 10, 5 Yrs		D.  per yr	1.32%	1.53%	% Tot Ret	10.13%	10.85%	T P/E	8.43	10.32	P/E:	7.71	8.24					12.98%	<-IRR #YR->	10	Price & Dividend	225.49%
Price 15		D.  per yr	1.67%		% Tot Ret	9.42%						CAPE Diff	-29.33%					16.04%	<-IRR #YR->	15	Stock Price
Price  20		D.  per yr	1.26%		% Tot Ret	9.84%												11.54%	<-IRR #YR->	20	Stock Price
Price  25																		10.75%	<-IRR #YR->	21	Stock Price
Price & Dividend 15																		17.71%	<-IRR #YR->	15	Price & Dividend
Price & Dividend 20																		12.80%	<-IRR #YR->	20	Price & Dividend
Price & Dividend 25																		11.89%	<-IRR #YR->	21	Price & Dividend
Price  5								-$54.68	$0.00	$0.00	$0.00	$0.00	$98.97								Price  5
Price 10			-$32.84	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$98.97								Price 10
Price & Dividend 5								-$54.68	$0.74	$0.74	$1.21	$1.10	$100.71								Price & Dividend 5
Price & Dividend 10			-$32.84	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$100.71								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	$98.97								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	$98.97								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	$98.97								Price  25
Price & Dividend 15	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$100.71								Price & Dividend 15
Price & Dividend 20	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$100.71								Price & Dividend 20
Price & Dividend 25	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$100.71								Price & Dividend 25
Price H/L Median	$14.56	$20.94	$29.32	$28.41	$27.29	$27.20	$30.64	$44.94	$39.58	$67.62	$61.74	$66.38	$95.67	$105.45				226.28%	<-Total Growth	10	Stock Price
Increase	8.25%	43.84%	40.02%	-3.10%	-3.96%	-0.34%	12.66%	46.67%	-11.93%	70.84%	-8.70%	7.52%	44.13%	10.23%				12.55%	<-IRR #YR->	10	Stock Price	226.28%
P/E	5.70	7.20	8.98	7.35	6.43	5.79	6.34	7.51	6.12	8.09	8.18	6.92	9.46	8.89				16.31%	<-IRR #YR->	5	Stock Price	112.88%
Trailing P/E	7.50	8.20	10.08	8.70	7.06	6.41	6.53	9.29	6.61	10.45	7.38	8.79	9.98	10.43				13.97%	<-IRR #YR->	10	Price & Dividend
P/E on Run. 5 yr Ave	7.86	9.72	11.86	9.77	8.10	7.16	7.33	9.51	7.54	11.14	9.30	8.74	11.37	11.11				18.05%	<-IRR #YR->	5	Price & Dividend
P/E on Run. 10 yr Ave	10.76	13.10	15.76	13.13	11.02	9.63	9.67	12.49	9.71	14.33	11.83	11.28	14.56	14.31				7.20	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	1.42%	1.74%	% Tot Ret	10.14%	9.65%	T P/E	8.04	8.79	P/E:	7.14	8.09						Count	20	Years of data
			-$29.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$95.67
								-$44.94	$0.00	$0.00	$0.00	$0.00	$95.67
			-$29.32	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$97.41
								-$44.94	$0.74	$0.74	$1.21	$1.10	$97.41
High Months	Dec	Dec	Dec	May	Dec	Feb	Dec	Nov	Feb	Nov	Feb	Dec	Dec	Jan
Pre-split 2021	$33.19	$50.76	$71.00	$65.15	$63.02	$72.29	$70.26	$118.98	$112.37
Price High	$16.60	$25.38	$35.50	$32.58	$31.51	$36.15	$35.13	$59.49	$56.19	$83.52	$77.60	$87.23	$112.50	$112.92				216.90%	<-Total Growth	10	Stock Price
Increase	2.19%	52.94%	39.87%	-8.24%	-3.27%	14.71%	-2.81%	69.34%	-5.56%	48.65%	-7.09%	12.41%	28.97%	0.37%				12.23%	<-IRR #YR->	10	Stock Price	216.90%
P/E	6.50	8.72	10.87	8.43	7.42	7.70	7.27	9.94	8.68	9.99	10.28	9.10	11.13	9.52				13.59%	<-IRR #YR->	5	Stock Price	89.11%
Trailing P/E	8.55	9.93	12.20	9.98	8.15	8.51	7.48	12.30	9.39	12.91	9.28	11.55	11.73	11.17				9.10	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	9.68	11.55	P/E:	8.89	9.99					12.18	P/E Ratio		Historical High
			-$35.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$112.50
								-$59.49	$0.00	$0.00	$0.00	$0.00	$112.50
Low Months	May	Jan	Feb	Aug	Jan	Apr	Mar	Jan	Mar	Jan	Oct	Mar	May	Jan
Pre-split 2021	$25.04	$33.00	$46.28	$48.50	$46.13	$36.49	$52.29	$60.77	$45.94
Price Low	$12.52	$16.50	$23.14	$24.25	$23.07	$18.25	$26.15	$30.39	$22.97	$51.71	$45.87	$45.52	$78.83	$97.98				240.67%	<-Total Growth	10	Stock Price
Increase	17.50%	31.79%	40.24%	4.80%	-4.89%	-20.90%	43.30%	16.22%	-24.40%	125.12%	-11.29%	-0.76%	73.18%	24.29%				13.04%	<-IRR #YR->	10	Stock Price	240.67%
P/E	4.90	5.67	7.09	6.27	5.43	3.89	5.41	5.08	3.55	6.19	6.08	4.75	7.80	8.26				21.01%	<-IRR #YR->	5	Stock Price	159.44%
Trailing P/E	6.45	6.46	7.95	7.43	5.97	4.30	5.57	6.28	3.84	7.99	5.49	6.03	8.22	9.69				5.67	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	6.00	6.03	P/E:	5.42	6.08					4.23	P/E Ratio		Historical Low
			-$23.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$78.83
								-$30.39	$0.00	$0.00	$0.00	$0.00	$78.83
Month, Year	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct	31-Oct		22.00	<Count Years>		Month, Year
Price Close	$14.80	$24.45	$32.69	$29.01	$26.42	$30.00	$30.25	$56.66	$42.54	$77.29	$48.31	$74.08	$106.82	$104.97	$104.97	$123.20		226.77%	<-Total Growth	10	Stock Price
Increase	15.72%	65.20%	33.70%	-11.26%	-8.93%	13.55%	0.83%	87.31%	-24.92%	81.69%	-37.50%	53.34%	44.20%	-1.73%	0.00%	17.37%		11.63	<-Median->	10	CAPE (10 Yr P/E)
P/E	5.79	8.40	10.01	7.51	6.22	6.39	6.26	9.47	6.57	9.25	6.40	7.72	10.57	8.85	7.69	#DIV/0!		13.52%	<-IRR #YR->	5	Stock Price	88.53%
Trailing P/E	7.63	9.57	11.23	8.89	6.84	7.07	6.44	11.72	7.11	11.95	5.78	9.81	11.14	10.38	8.85	9.03		12.57%	<-IRR #YR->	10	Stock Price	226.77%
CAPE (10 Yr P/E)	10.93	15.29	17.57	13.40	10.67	10.63	9.55	15.75	10.44	16.38	9.26	12.59	16.26	14.24	12.63	#DIV/0!		14.98%	<-IRR #YR->	5	Price & Dividend	98.29%
Median 10, 5 Yrs		D.  per yr	1.27%	1.45%	% Tot Ret	9.18%	9.71%	T P/E	8.00	9.81	P/E:	7.04	7.72					13.84%	<-IRR #YR->	10	Price & Dividend	245.55%
Price 15		D.  per yr	1.64%		% Tot Ret	8.86%						CAPE Diff	-23.88%					16.87%	<-IRR #YR->	15	Stock Price
Price  20		D.  per yr	1.32%		% Tot Ret	9.33%												12.81%	<-IRR #YR->	20	Stock Price
Price  25		D.  per yr	1.09%		% Tot Ret	8.92%												11.16%	<-IRR #YR->	21	Stock Price
Price & Dividend 15																		18.52%	<-IRR #YR->	15	Price & Dividend
Price & Dividend 20																		14.13%	<-IRR #YR->	20	Price & Dividend
Price & Dividend 25																		12.25%	<-IRR #YR->	21	Price & Dividend
Price  5								-$56.66	$0.00	$0.00	$0.00	$0.00	$106.82								Price  5
Price 10			-$32.69	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$106.82								Price 10
Price & Dividend 5								-$56.66	$0.74	$0.74	$1.21	$1.10	$108.56								Price & Dividend 5
Price & Dividend 10			-$32.69	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$108.56								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	$106.82								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	$106.82								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	$106.82								Price  25
Price & Dividend 15	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$108.56								Price & Dividend 15
Price & Dividend 20	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$108.56								Price & Dividend 20
Price & Dividend 25	$0.25	$0.29	$0.33	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$108.56								Price & Dividend 25
Price H/L Median	$14.11	$19.73	$28.11	$24.81	$27.19	$27.64	$32.38	$42.91	$41.23	$62.15	$64.82	$65.00	$89.11	$105.45	17.37%			217.00%	<-Total Growth	10	Stock Price
Increase	4.91%	39.84%	42.51%	-11.74%	9.57%	1.67%	17.15%	32.52%	-3.92%	50.73%	4.30%	0.28%	37.09%	18.34%	1.87%			12.23%	<-IRR #YR->	10	Stock Price	217.00%
P/E	5.52	6.78	8.61	6.42	6.40	5.89	6.70	7.17	6.37	7.43	8.59	6.78	8.81	8.89	19.23%			15.74%	<-IRR #YR->	5	Stock Price	107.67%
Trailing P/E	7.27	7.72	9.66	7.60	7.03	6.51	6.90	8.87	6.89	9.61	7.75	8.61	9.29	10.43				13.73%	<-IRR #YR->	10	Price & Dividend
P/E on Run. 5 yr Ave	7.62	9.15	11.37	8.53	8.07	7.28	7.74	9.08	7.86	10.24	9.76	8.56	10.59	11.11				17.58%	<-IRR #YR->	5	Price & Dividend
P/E on Run. 10 yr Ave	10.42	12.34	15.11	11.46	10.98	9.79	10.22	11.92	10.11	13.17	12.42	11.04	13.56	14.31				6.93	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	1.50%	1.84%	% Tot Ret	10.91%	10.48%	T P/E	7.68	8.61	P/E:	6.74	7.43						Count	20	Years of data
			-$28.11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$89.11
								-$42.91	$0.00	$0.00	$0.00	$0.00	$89.11
			-$28.11	$0.37	$0.41	$0.46	$0.53	$0.61	$0.74	$0.74	$1.21	$1.10	$90.85
								-$42.91	$0.74	$0.74	$1.21	$1.10	$90.85
High Months	Sep 12	Oct 13	Jul 14	Dec 14	Jun 16	Feb 17	Dec 17	Oct 19	Nov 19	Aug 21	Nov 21	Sep 23	Oct 24	Jan
Price High	$16.25	$24.60	$33.60	$25.37	$31.27	$37.04	$35.98	$56.66	$59.49	$78.94	$83.52	$84.00	$108.34	$112.92				222.44%	<-Total Growth	10	Stock Price
Increase	0.06%	51.38%	36.59%	-24.49%	23.26%	18.45%	-2.86%	57.48%	4.99%	32.69%	5.80%	0.57%	28.98%	4.23%				12.42%	<-IRR #YR->	10	Stock Price	222.44%
P/E	6.36	8.45	10.29	6.56	7.37	7.89	7.44	9.47	9.19	9.44	11.06	8.76	10.72	9.52				13.84%	<-IRR #YR->	5	Stock Price	91.21%
Trailing P/E	8.38	9.63	11.55	7.77	8.09	8.73	7.66	11.72	9.94	12.20	9.99	11.13	11.30	11.17				9.19	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	9.97	11.13	P/E:	8.98	9.44					12.61	P/E Ratio		Historical High
			-$33.60	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$108.34
								-$56.66	$0.00	$0.00	$0.00	$0.00	$108.34
Low Months	Dec 11	Dec 12	Dec 13	Aug 15	Feb 16	Apr 17	Oct 18	Dec 18	Mar 20	Nov 20	Sep 22	Nov 22	Nov 23	Dec 24
Price Low	$11.96	$14.85	$22.62	$24.25	$23.10	$18.24	$28.78	$29.16	$22.97	$45.35	$46.12	$46.00	$69.88	$97.98				208.93%	<-Total Growth	10	Stock Price
Increase	12.30%	24.16%	52.32%	7.21%	-4.74%	-21.04%	57.79%	1.32%	-21.23%	97.43%	1.70%	-0.26%	51.91%	40.21%				11.94%	<-IRR #YR->	10	Stock Price	208.93%
P/E	4.68	5.10	6.93	6.27	5.44	3.88	5.95	4.87	3.55	5.42	6.11	4.80	6.91	8.26				19.10%	<-IRR #YR->	5	Stock Price	139.64%
Trailing P/E	6.16	5.81	7.77	7.43	5.98	4.30	6.13	6.03	3.84	7.01	5.52	6.09	7.29	9.69				5.49	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	6.06	6.09	P/E:	5.43	5.42					4.46	P/E Ratio		Historical Low
			-$22.62	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$69.88
								-$29.16	$0.00	$0.00	$0.00	$0.00	$69.88
												-$30	<-12 mths	-384.16%
Free Cash Flow MS new			$668.92	$140.12	$175.44	$163.64	$191.23	$286.89	$252.97	$342.51	$244.73
Free Cash Flow MS	$215	-$280	-$66	$223	-$34	$264	-$51	$288	$297	$655	-$47	$561	$580					978.74%	<-Total Growth	10	Free Cash Flow
Change	186.67%	-230.23%	76.43%	437.88%	-115.25%	876.47%	-119.32%	664.71%	3.13%	120.54%	-107.18%	1294.65%	3.29%					15.03%	<-IRR #YR->	5	Free Cash Flow MS	101.38%
FCF/CF from Op Ratio	-1.54	1.01	1.16	0.91	1.65	0.96	1.68	0.94	0.91	0.94	-1.57	16.86	-2.08					#NUM!	<-IRR #YR->	10	Free Cash Flow MS	978.74%
Dividends paid	$3.07	$8.00	$12.39	$8.66	$12.75	$14.98	$17.34	$26.18	$24.90	$25.15	$42.43	$41.49	$66.36					435.62%	<-Total Growth	10	Dividends paid
Percentage paid				3.88%	-37.51%	5.67%	-34.01%	9.09%	8.38%	3.84%	-90.27%	7.39%	11.44%					$0.05	<-Median->	10	Percentage paid
5 Year Coverage								11.58%	12.59%	7.47%	11.91%	9.13%	9.79%								5 Year Coverage
Dividend Coverage Ratio				25.76	-2.67	17.63	-2.94	11.00	11.93	26.05	-1.11	13.53	8.74					11.46	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage								8.63	7.95	13.39	8.40	10.96	10.22								5 Year of Coverage
								-$288.00	$0.00	$0.00	$0.00	$0.00	$579.97
			$66.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$579.97
													$213	<-12 mths	-62.04%
Free Cash Flow WSJ				$157.40	$273.68	$145.81	$143.29	$304.97	$228.76	$429.97	$255.88	$561.49	$392.70					149.50%	<-Total Growth	9	Free Cash Flow
Change					73.88%	-46.72%	-1.73%	112.84%	-24.99%	87.96%	-40.49%	119.43%	-30.06%					5.19%	<-IRR #YR->	5	Free Cash Flow MS
FCF/CF from Op Ratio				64.53%	-1326.63%	53.30%	-472.02%	99.11%	70.35%	62.02%	856.23%	1686.39%	-141.13%					10.69%	<-IRR #YR->	9	Free Cash Flow MS
Dividends paid				$8.66	$12.75	$14.98	$17.34	$26.18	$24.90	$25.15	$42.43	$41.49	$66.36					666.49%	<-Total Growth	9	Dividends paid
Percentage paid				5.50%	4.66%	10.27%	12.10%	8.58%	10.88%	5.85%	16.58%	7.39%	16.90%					$0.09	<-Median->	10	Percentage paid
5 Year Coverage				5.50%	4.97%	6.31%	7.46%	7.80%	8.77%	8.66%	9.98%	8.99%	10.72%								5 Year Coverage
Dividend Coverage Ratio				18.18	21.46	9.74	8.26	11.65	9.19	17.10	6.03	13.53	5.92					10.69	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage				18.18	20.13	15.85	13.40	12.83	11.40	11.54	10.02	11.12	9.33								5 Year of Coverage
								-$304.97	$0.00	$0.00	$0.00	$0.00	$392.70
				-$157.40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$392.70
Market Cap	$496	$779	$1,014	$800	$995	$1,180	$979	$1,837	$1,704	$2,348	$2,131	$3,304	$3,805	$4,036	$4,036	$4,036		275.42%	<-Total Growth	10	Market Cap
Pre-split 2021	15.18	15.45	15.65	15.67	15.73	16.59	16.64	16.86	16.94
Diluted # of Shares in Million	30.368	30.903	31.295	31.345	31.458	33.189	33.280	33.715	33.885	34.445	35.031	38.014	38.549	37.943				23.18%	<-Total Growth	10	Diluted
Change	0.55%	1.76%	1.27%	0.16%	0.36%	5.50%	0.27%	1.31%	0.51%	1.65%	1.70%	8.51%	1.41%	-1.57%				1.36%	<-Median->	10	Change
Difference Diluted/Basic	-0.7%	-1.2%	-1.6%	-1.3%	-0.9%	-0.7%	-0.7%	-1.1%	-0.7%	-1.4%	-1.0%	-0.8%	-0.8%	-0.8%				-0.84%	<-Median->	10	Difference Diluted/Basic
Pre-split 2021	15.08	15.27	15.40	15.47	15.59	16.48	16.53	16.67	16.82
Basic # of Shares in Millions	30.150	30.545	30.798	30.934	31.183	32.953	33.053	33.344	33.631	33.947	34.689	37.708	38.239	37.647				24.16%	<-Total Growth	10	Basic
Change	0.65%	1.31%	0.83%	0.44%	0.80%	5.68%	0.30%	0.88%	0.86%	0.94%	2.19%	8.70%	1.41%	-1.55%				0.91%	<-Median->	10	Change
Difference Basic/Outstanding	0.8%	0.5%	0.2%	0.5%	5.6%	0.2%	0.2%	0.8%	0.3%	0.4%	8.3%	0.5%	0.6%	2.1%				0.46%	<-Median->	10	Difference Basic/Outstanding
													-$756.16	<-12 mths	-2371.08%
Pre-split 2021	15.190	15.355	15.435	15.539	16.460	16.503	16.554	16.798	16.874
# of Share in Millions	30.380	30.711	30.871	31.077	32.920	33.007	33.108	33.595	33.748	34.071	37.564	37.879	38.450	38.450	38.450	38.450		2.22%	<-IRR #YR->	10	Shares	24.55%
Change	1.14%	1.09%	0.52%	0.67%	5.93%	0.26%	0.31%	1.47%	0.46%	0.96%	10.25%	0.84%	1.51%	0.00%	0.00%	0.00%		2.74%	<-IRR #YR->	5	Shares	14.45%
CF fr Op $M	-$139.3	-$278.3	-$57.1	$243.9	-$20.6	$273.6	-$30.4	$307.7	$325.2	$693.3	$29.9	$33.3	-$278.2	-$278.2	<-12 mths			-387.66%	<-Total Growth	10	Cash Flow
Increase	-1252%	99.78%	-79.49%	-527.47%	-108.46%	-1426.19%	-111.10%	-1113.63%	5.68%	113.19%	-95.69%	11.41%	-935.69%	0.00%	<-12 mths			S. Issues	SO
5 year Running Average	$1.2	-$60.7	-$81.1	-$43.7	-$50.3	$32.3	$81.9	$154.8	$171.1	$313.9	$265.1	$277.9	$160.7	$40.0	<-12 mths			419.66%	<-Total Growth	10	CF 5 Yr Running
CFPS	-$4.58	-$9.06	-$1.85	$7.85	-$0.63	$8.29	-$0.92	$9.16	$9.64	$20.35	$0.80	$0.88	-$7.24	-$7.24	<-12 mths			-291.53%	<-Total Growth	10	Cash Flow per Share
Increase	-1239%	97.63%	-79.60%	-524.63%	-107.98%	-1422.72%	-111.06%	-1098.93%	5.20%	111.17%	-96.09%	10.48%	-923.29%	0.00%	<-12 mths			17.17%	<-IRR #YR->	10	Cash Flow	-387.66%
5 year Running Average	$0.06	-$1.97	-$2.64	-$1.45	-$1.65	$0.92	$2.55	$4.75	$5.11	$9.30	$7.80	$8.16	$4.88	$1.51	<-12 mths			#NUM!	<-IRR #YR->	5	Cash Flow	-190.43%
P/CF on Med Price	-3.18	-2.31	-15.86	3.62	-43.54	3.28	-33.42	4.91	4.11	3.32	77.60	75.51	-13.22	-14.57	<-12 mths			14.62%	<-IRR #YR->	10	Cash Flow per Share	-291.53%
P/CF on Closing Price	-3.56	-2.80	-17.77	3.28	-48.24	4.31	-32.24	5.97	5.24	3.39	71.31	99.24	-13.68	-14.51	<-12 mths			#NUM!	<-IRR #YR->	5	Cash Flow per Share	-179.01%
															-517.83%	Diff M/C		#NUM!	<-IRR #YR->	10	CFPS 5 yr Running	285.25%
Excl.Working Capital CF	-$1,167.3	-$1,075.7	-$1,162.5	-$896.9	$224.0	-$22.0	$301.0	$29.0	$8.0	-$251.0	$411.0	$564.0	$958.0	$0.0	<-12 mths			0.56%	<-IRR #YR->	5	CFPS 5 yr Running	2.81%
CF fr Op $M WC	-$1,306.6	-$1,353.9	-$1,219.5	-$653.0	$203.4	$251.6	$270.6	$336.7	$333.2	$442.3	$440.9	$597.3	$679.8	-$278.2	<-12 mths			155.74%	<-Total Growth	10	Cash Flow less WC
Increase	171.11%	3.62%	-9.93%	-46.45%	-131.14%	23.71%	7.57%	24.41%	-1.05%	32.74%	-0.31%	35.48%	13.81%	-140.93%	<-12 mths			#NUM!	<-IRR #YR->	10	Cash Flow less WC	155.74%
5 year Running Average	-$329.7	-$607.4	-$860.3	-$1,003.0	-$865.9	-$554.3	-$229.4	$81.9	$279.1	$326.9	$364.7	$430.1	$498.7	$376.4	<-12 mths			15.09%	<-IRR #YR->	5	Cash Flow less WC	101.89%
CFPS Excl. WC	-$43.01	-$44.09	-$39.50	-$21.01	$6.18	$7.62	$8.17	$10.02	$9.87	$12.98	$11.74	$15.77	$17.68	-$7.24	<-12 mths			#NUM!	<-IRR #YR->	10	CF less WC 5 Yr Run	157.96%
Increase	168.05%	2.51%	-10.40%	-46.81%	-129.40%	23.39%	7.24%	22.60%	-1.49%	31.48%	-9.58%	34.35%	12.12%	-140.93%	<-12 mths			43.53%	<-IRR #YR->	5	CF less WC 5 Yr Run	509.20%
5 year Running Average	-$10.87	-$19.92	-$28.13	-$32.73	-$28.29	-$18.16	-$7.71	$2.20	$8.37	$9.73	$10.56	$12.08	$13.61	$10.19	<-12 mths			#NUM!	<-IRR #YR->	10	CFPS - Less WC	144.75%
P/CF on Med Price	-0.34	-0.47	-0.74	-1.35	4.42	3.57	3.75	4.48	4.01	5.21	5.26	4.21	5.41	-14.57	<-12 mths			12.02%	<-IRR #YR->	5	CFPS - Less WC	76.40%
P/CF on Closing Price	-0.38	-0.58	-0.83	-1.23	4.89	4.69	3.62	5.46	5.12	5.31	4.83	5.53	5.60	-14.51	<-12 mths			#NUM!	<-IRR #YR->	10	CFPS 5 yr Running	148.38%
*Operational Cash Flow per share			CF/-WC	P/CF Med	10 yr	3.47	5 yr	4.11	P/CF Med	10 yr	4.31	5 yr	5.21		-436.30%	Diff M/C		44.01%	<-IRR #YR->	5	CFPS 5 yr Running	519.42%
			-30.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	38.4								Shares
								-33.6	0.0	0.0	0.0	0.0	38.4								Shares
			$57.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$278.2								Cash Flow
								-$307.7	$0.0	$0.0	$0.0	$0.0	-$278.2								Cash Flow
			$1.85	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$7.24								Cash Flow per Share
								-$9.16	$0.00	$0.00	$0.00	$0.00	-$7.24								Cash Flow per Share
			$2.64	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.88								CFPS 5 yr Running
								-$4.75	$0.00	$0.00	$0.00	$0.00	$4.88								CFPS 5 yr Running
			$1,219.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$679.8								Cash Flow less WC
								-$336.7	$0.0	$0.0	$0.0	$0.0	$679.8								Cash Flow less WC
			$860.3	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$498.7								CF less WC 5 Yr Run
								-$81.9	$0.0	$0.0	$0.0	$0.0	$498.7								CF less WC 5 Yr Run
			$39.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.68								CFPS - Less WC
								-$10.02	$0.00	$0.00	$0.00	$0.00	$17.68								CFPS - Less WC
			$28.13	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.61								CFPS 5 yr Running
								-$2.20	$0.00	$0.00	$0.00	$0.00	$13.61								CFPS 5 yr Running
Financial Instruments at fair value				$5.222	-$0.471	-$3.058	$7.532	$15.175
Amortization of Premiums
Amortization of capital assets and Intangible
Provisions for credit losses					$2.445	$1.543	$2.083	$18.394	$42.280	-$7.674	$37.258	$38.856	$107.013
Securitization gains
Net Gain or loss on sales investments				$0.463	-$0.146	$0.888	$0.000	$0.000
Stock-bases Compensation				$0.935	$1.058	$1.282	$1.375	$1.598
Income Taxes		$31.1	$36.956		$48.501	$58.198	$58.968	$72.618
Securitization retained interests				$10.798	$16.291	$24.617	$28.481	$31.736
Changes in operating assets and liabilities
Restricted cash				-$40.298	-$139.890	-$118.160	$38.941	-$93.317	-$41.047	$41.875	-$193.620	-$29.539	-$204.792
Securities purchased under reverse repurchase agreements		$23.7	$36.743	-$1.801	-$179.483	$199.401	-$250.000	$99.931	-$300.134	-$99.827	$349.598	-$708.401	-$351.285
Mortgages/ Loans receivable									-$1,751.647	-$4,712.973	-$5,061.011	-$1,126.698	-$58.571
Other assets				-$0.167	-$6.770	-$15.360	-$36.838	$41.192	-$2.227	$4.957	$168.660	-$57.566	-$53.917
Deposits		$818.3	$1,018.811	$719.090	$1,554.090	$1,361.660	$2,544.335	$1,763.225	$1,132.975	$4,287.128	$3,702.998	$865.734	$1,597.115
Securitization liabilities									$1,283.655	-$616.502	$925.452	-$519.066	$25.422
Obligations under repurchase agreements				-$52.413	$112.488	$339.513	-$109.991	$165.034	-$255.167	$1,124.886	-$711.456	$462.931	-$1,128.238
Bank/ Funding facilities			$92.236	$143.543	-$185.779	$78.871	$161.100	-$320.421	$0.000	$200.128	$685.469	$491.883	-$784.631
Other liabilities		$5.2	$15.028	$17.440	$105.011	-$2.466	-$11.111	-$23.108	-$21.980	$82.498	-$157.502	$108.201	-$8.314
Income taxes paid		-$22.6	-$38.164			-$80.174	-$60.663	-$48.510	-$94.481	-$53.501	-$156.525	-$90.318	-$98.042
Total		$855.8	$1,161.6	$802.812	$1,327.345	$1,846.755	$2,374.212	$1,723.547	-$7.773	$250.995	-$410.679	-$563.983	-$958.240
Google --> TD Bank		$1,075.7	$1,162.5	$896.920	$1,320.620	$1,883	$2,239	$2,684	-$8	$251	-$411	-$564	-$958
Difference		-$219.9	-$0.8	-$94.108	$6.725	-$36	$135	-$960	$0	$0	$0	$0	$0
TD Bank		$1,043	$1,170	$803	$1,385
Difference		-$187	-$8	$0	-$58
TD 2020				$2,517	$2,898	1569	$3,948
Difference				-$1,714	-$1,571	$278	-$1,574
TD 2021					-$224	$22	-$301	-$29	-$8
Difference					$1,551	$1,825	$2,675	$1,753	$0
OPM	52.67%	53.59%	52.18%	51.96%	49.42%	44.79%	46.17%	43.62%	44.09%	49.45%	36.08%	43.49%	37.11%	34.58%				-28.58%	<-Total Growth	10	OPM
Increase	13%	1.75%	-2.63%	-0.42%	-4.89%	-9.36%	3.08%	-5.54%	1.10%	12.15%	-27.04%	20.54%	-14.68%	-6.83%				Should increase or be stable.
Diff from Median	18.5%	20.6%	17.4%	16.9%	11.2%	0.8%	3.9%	-1.9%	-0.8%	11.3%	-18.8%	-2.1%	-16.5%	-22.2%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	44.44%	5 Yrs	43.49%					should be zero, it is a check on calculations
Cash and Investments	$11,577.8	$11,786.8	$12,818.5	$15,467.4	$19,046.4	$20,537.4	$24,889.5	$28,231.4	$30,397.2	$35,927.5	$50,606.5	$52,266.5	$52,388.7	$53,286.8				175.06%	<-Total Growth	10	Cash and Investments
Change	13.17%	1.80%	8.75%	20.67%	23.14%	7.83%	21.19%	13.43%	7.67%	18.19%	40.86%	3.28%	0.23%	1.71%				15.81%	<-Median->	10	Change
Debt/Investments Ratio	0.94	0.83	0.92	0.93	0.92	0.91	0.92	0.93	0.94	0.90	0.91	0.89	0.92	0.90				92.02%	<-Median->	10	Debt/Investments Ratio
Long Term Debt	$10,913.4	$9,728.8	$11,844.7	$14,320.7	$17,525.71	$18,679.9	$22,904.6	$26,149.2	$28,577.0	$32,231.4	$46,075.4	$46,497.6	$48,243.9	$48,178.8				175.28%	<-Total Growth	10	Long Term Debt	Securitization
Change	-7.86%	-10.85%	21.75%	20.90%	22.38%	6.59%	22.62%	14.17%	9.28%	12.79%	42.95%	0.92%	3.76%	-0.13%				13.48%	<-Median->	10	Change	Liab.
Debt/Market Cap Ratio	22.00	12.48	11.69	17.90	17.61	15.83	23.40	14.24	16.77	13.73	21.62	14.07	12.68	11.94				16.30	<-Median->	10	% of Market C.
Assets/Current Liabilities Ratio	249.87	178.83	167.35	155.91	109.65	140.30	205.47	174.43	237.45	144.34	157.98	117.82	106.39	101.45				150.13	<-Median->	10	Assets/Current Liab Ratio
Debt to Cash Flow (Years)	0.00	0.00	0.00	58.72	0.00	68.28	0.00	84.98	87.88	46.49	1541.76	1396.53	0.00	0.00				63.50	<-Median->	10	Debt to Cash Flow (Years)
			Start
Goodwill & Intangibles			$11.7	$18.8	$19.0	$25.9	$17.5	$17.8	$17.8	$16.9	$57.6	$211.8	$309.2	$106.0				1527.65%	<-Total Growth	10	Goodwill	See other
Change				61.42%	0.86%	36.30%	-32.35%	1.34%	0.00%	-4.56%	239.91%	267.82%	45.97%	-65.73%				18.82%	<-Median->	10	Change	Assets
Intangible/Market Cap Ratio			0.01	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.03	0.06	0.08	0.03				0.02	<-Median->	10	% of Market C.
Current Assets	$443.05	$331.02	$297.75	$531.35	$692.06	$1,034.97	$804.34	$971.85	$1,061.78	$1,235.42	$1,232.76	$1,316.67	$1,563.63	$1,413.80				Liquidity ratio of 1.5 and up, best
Current Liabilities	$46.43	$66.08	$76.81	$109.99	$173.03	$147.08	$121.85	$162.78	$129.49	$250.51	$323.75	$449.28	$500.37	$532.99				4.88	<-Median->	10	Ratio
Liquidity Ratio	9.54	5.01	3.88	4.83	4.00	7.04	6.60	5.97	8.20	4.93	3.81	2.93	3.12	2.65				3.81	<-Median->	5	Ratio
Liq. with CF aft div	8.20	4.41	3.42	6.94	3.71	8.79	5.78	7.73	10.52	7.60	3.76	2.91	2.76	2.32				3.76	<-Median->	5	Ratio
Liq. CF re  Inv+Div	8.20	4.41	3.42	5.88	3.71	8.79	2.95	3.01	3.58	2.69	1.15	2.91	2.76	2.32				2.76	<-Median->	5	Ratio
Assets	$11,601	$11,816	$12,855	$17,148	$18,974	$20,634	$25,037	$28,392	$30,746	$36,159	$51,145	$52,933	$53,234	$54,070				Debt Ratio of 1.5 and up, best
Liabilities	$11,100	$11,228	$12,151	$16,304	$17,996	$19,496	$23,757	$26,925	$29,099	$34,206	$48,610	$50,088	$50,096	$50,824				1.06	<-Median->	10	Ratio
Debt Ratio	1.05	1.05	1.06	1.05	1.05	1.06	1.05	1.05	1.06	1.06	1.05	1.06	1.06	1.06				1.06	<-Median->	5	Ratio
Estimates BVPS														$87.50	$99.08				Estimates		Estimates BVPS
Estimate Book Value														$3,364.4	$3,809.6				Estimates		Estimate Book Value
P/B Ratio (Close)														1.20	1.06				Estimates		P/B Ratio (Close)
Difference from 10 year median															21.28%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$501.57	$588.32	$703.69	$843.92	$977.15	$1,138.12	$1,280.03	$1,467.71	$1,647.70	$1,952.63	$2,534.96	$2,845.54	$3,138.19	$3,245.48				345.96%	<-Total Growth	10	Book Value
NCI													$10.38
Preferred Shares	$48.49	$48.49	$72.41	$72.41	$72.56	$72.56	$72.56	$72.56	$72.48	$70.61	$181.41	$181.41	$0.00	$181.41
Net Book Value	$453.08	$539.82	$631.28	$771.51	$904.59	$1,065.56	$1,207.47	$1,395.16	$1,575.23	$1,882.03	$2,353.54	$2,664.13	$3,127.81	$3,064.07	$3,064.07	$3,064.07		395.47%	<-Total Growth	10	Book Value
Book Value per share	$14.91	$17.58	$20.45	$24.83	$27.48	$32.28	$36.47	$41.53	$46.68	$55.24	$62.65	$70.33	$81.35	$79.69	$79.69	$79.69		297.80%	<-Total Growth	10	Book Value per Share
Change	18.46%	17.86%	16.34%	21.40%	10.69%	17.49%	12.97%	13.87%	12.39%	18.35%	13.42%	12.25%	15.66%	-2.04%	0.00%	0.00%		33.16%	P/B Ratio		Current/10 Year Median
P/B Ratio (Median)	0.98	1.19	1.43	1.14	0.99	0.84	0.84	1.08	0.85	1.22	0.99	0.94	1.18	1.32	0.00	0.00		1.08	P/B Ratio		Historical Median
P/B Ratio (Close)	1.09	1.44	1.61	1.04	1.10	1.11	0.81	1.32	1.08	1.25	0.91	1.24	1.22	1.32	1.32	1.32		14.81%	<-IRR #YR->	10	Book Value	297.80%
Change	10.25%	31.91%	11.21%	-35.40%	6.06%	0.66%	-26.81%	62.44%	-17.82%	15.30%	-27.42%	36.98%	-1.91%	8.27%	0.00%	0.00%		14.39%	<-IRR #YR->	5	Book Value	95.88%
Bank Leverage Ratio											5.30%	5.30%	5.30%
Leverage (A/BK)	23.13	20.09	18.27	20.32	19.42	18.13	19.56	19.34	18.66	18.52	20.18	18.60	16.96	16.66				19.00	<-Median->	10	A/BV
Debt/Equity Ratio	22.13	19.09	17.27	19.32	18.42	17.13	18.56	18.34	17.66	17.52	19.18	17.60	15.96	15.66				18.00	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	0.99	5 yr Med	0.99		33.16%	Diff M/C		18.39	Historical		Leverage (A/BK)
			-$20.45	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$81.35
								-$41.53	$0.00	$0.00	$0.00	$0.00	$81.35
													$387.64	<-12 mths	6.75%
Comprehensive Income													$391.01
NCI													$1.11
Comprehensive Income	$81.67	$95.48	$104.85	$105.40	$145.62	$178.38	$154.51	$202.81	$203.44	$323.90	$287.47	$348.95	$389.90					271.86%	<-Total Growth	10	Comprehensive Income
Increase	53.90%	16.91%	9.82%	0.52%	38.17%	22.50%	-13.38%	31.26%	0.31%	59.21%	-11.25%	21.39%	11.74%					11.74%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$57	$71	$79	$88	$107	$126	$138	$157	$177	$213	$234	$273	$311					14.03%	<-IRR #YR->	10	Comprehensive Income	271.86%
ROE	16.3%	16.2%	14.9%	12.5%	14.9%	15.7%	12.1%	13.8%	12.3%	16.6%	11.3%	12.3%	12.4%					13.97%	<-IRR #YR->	5	Comprehensive Income	92.25%
5Yr Median	13.6%	16.2%	14.9%	14.9%	14.9%	14.9%	14.9%	13.8%	13.8%	13.8%	12.3%	12.3%	12.3%					14.74%	<-IRR #YR->	10	5 Yr Running Average	295.47%
% Difference from NI	0.6%	2.1%	-1.7%	-16.3%	5.3%	29.0%	-3.9%	0.5%	-7.2%	12.4%	8.6%	-4.3%	0.0%					14.58%	<-IRR #YR->	5	5 Yr Running Average	97.49%
Median Values										Diff	5, 10 yr	0.3%	0.0%					12.3%	<-Median->	5	Return on Equity
			-$104.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$389.9
								-$202.8	$0.0	$0.0	$0.0	$0.0	$389.9
			-$78.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$310.7
								-$157.3	$0.0	$0.0	$0.0	$0.0	$310.7
Current Liability Coverage Ratio	-28.14	-20.49	-15.88	-5.94	1.18	1.71	2.22	2.07	2.57	1.77	1.36	1.33	1.36	-0.52							CFO / Current Liabilities
5 year Median	0.83	-13.25	-15.88	-15.88	-15.88	-5.94	1.18	1.71	2.07	2.07	2.07	1.77	1.36	1.36				1.36	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	-11.26%	-11.46%	-9.49%	-3.81%	1.07%	1.22%	1.08%	1.19%	1.08%	1.22%	0.86%	1.13%	1.28%	-0.51%							CFO / Total Assets
5 year Median	0.84%	-4.70%	-9.49%	-9.49%	-9.49%	-3.81%	1.07%	1.08%	1.08%	1.19%	1.08%	1.13%	1.13%	1.13%				1.1%	<-Median->	5	Return on Assets
Return on Assets ROA	0.70%	0.79%	0.83%	0.73%	0.73%	0.67%	0.64%	0.71%	0.71%	0.80%	0.52%	0.69%	0.73%	0.82%				Net	Income/Assets		Return on Assets
5Yr Median	0.94%	0.79%	0.79%	0.73%	0.73%	0.73%	0.73%	0.71%	0.71%	0.71%	0.71%	0.71%	0.71%	0.73%				0.7%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	16.19%	15.90%	15.17%	14.91%	14.16%	12.15%	12.57%	13.75%	13.31%	14.76%	10.44%	12.81%	12.42%	13.71%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	14.58%	14.58%	15.17%	15.17%	15.17%	14.91%	14.16%	13.75%	13.31%	13.31%	13.31%	13.31%	12.81%	12.81%				12.8%	<-Median->	5	Return on Equity
														$390.74	<-12 mths	0.23%
Net Income							$165.63	$206.48	$223.80	$292.53	$270.18	$371.59	$401.67
Dividernds to Preferred LRCN Sh							$4.76	$4.69	$4.48	$4.41	$5.57	$7.00	$10.73
NCI							$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.11
Net Income	$81.20	$93.53	$106.72	$125.87	$138.33	$138.33	$160.86	$201.79	$219.33	$288.12	$264.62	$364.59	$389.84	$445.0	$516.2			265.30%	<-Total Growth	10	Net Income
Increase	30.55%	15.18%	14.10%	17.94%	9.90%	0.00%	16.29%	25.44%	8.69%	31.36%	-8.16%	37.78%	6.92%	14.15%	16.00%			EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$57.5	$68.5	$79.6	$93.9	$109.1	$120.6	$134.0	$153.0	$171.7	$201.7	$226.9	$267.7	$305.3	$350.4	$396.0			13.83%	<-IRR #YR->	10	Net Income
Operating Cash Flow	-$139.28	-$278.25	-$57.06	$243.90	-$20.63	$273.59	-$30.36	$307.70	$325.18	$693.26	$29.89	$33.30	-$278.24					14.08%	<-IRR #YR->	5	Net Income
Investment Cash Flow	$290.15	$189.38	$44.73	-$19.80	$6.75	$26.17	-$133.01	-$255.41	-$251.04	-$458.25	-$733.77	$62.63	$402.77					14.39%	<-IRR #YR->	10	5 Yr Running Average
Total Accruals	-$69.67	$182.40	$119.04	-$98.24	$152.21	-$161.44	$324.22	$149.50	$145.18	$53.10	$968.50	$268.67	$265.31					14.81%	<-IRR #YR->	5	5 Yr Running Average
Total Assets	$11,601	$11,816	$12,855	$17,148	$18,974	$20,634	$25,037	$28,392	$30,746	$36,159	$51,145	$52,933	$53,234						Balance Sheet		Assets
Accruals Ratio	-0.60%	1.54%	0.93%	-0.57%	0.80%	-0.78%	1.29%	0.53%	0.47%	0.15%	1.89%	0.51%	0.50%					0.50%	<-Median->	5	Ratio
EPS/CF Ratio	-0.06	-0.07	-0.08	-0.18	0.69	0.62	0.59	0.60	0.66	0.64	0.64	0.61	0.57					0.61	<-Median->	10	EPS/CF Ratio
			-$106.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$389.8
								-$201.8	$0.0	$0.0	$0.0	$0.0	$389.8
			-$79.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$305.3
								-$153.0	$0.0	$0.0	$0.0	$0.0	$305.3
Change in Close	30.60%	55.47%	29.37%	-21.58%	17.40%	18.26%	-17.31%	84.96%	-7.64%	36.46%	-17.68%	53.76%	13.46%	6.06%	0.00%				Count	22	Years of data
up/down																			Count	8	36.36%
Meet Prediction?																		% right	Count	4	50.00%
Financial Cash Flow	$57.73	-$46.93	-$1.26	-$30.80	$34.69	-$83.01	-$20.33	-$20.05	-$25.25	-$19.50	$458.74	-$41.56	-$82.36						C F Statement		Financial Cash Flow
Total Accruals	-$127.40	$229.33	$120.30	-$67.44	$117.52	-$78.42	$344.55	$169.55	$170.44	$72.61	$509.76	$310.22	$347.67								Accruals
Accruals Ratio	-1.10%	1.94%	0.94%	-0.39%	0.62%	-0.38%	1.38%	0.60%	0.55%	0.20%	1.00%	0.59%	0.65%					0.59%	<-Median->	5	Ratio
Cash	$379.45	$243.65	$230.06	$423.37	$444.18	$660.93	$479.24	$508.85	$557.74	$773.25	$495.11	$549.47	$591.64	$509.61							Cash
Cash per Share	$12.49	$7.93	$7.45	$13.62	$13.49	$20.02	$14.48	$15.15	$16.53	$22.70	$13.18	$14.51	$15.39	$13.25				$15.39	<-Median->	5	Cash per Share
Percentage of Stock Price	76.51%	31.26%	22.70%	52.91%	44.63%	56.01%	48.97%	27.70%	32.73%	32.93%	23.23%	16.63%	15.55%	12.63%				23.23%	<-Median->	5	% of Stock Price
Notes:
January 2025.  Last estimates were for 2024, 2025, 2026 of $1289M, $1348M, $1406M Revenue, $11.47, 12.40, $13.51 AEPS,
$11.23, $12.77, $14.17 EPS $1.76, $2.08, $2.44 dividends, $79.56, $88.03, $99.07 BVPS, $594M, $626.2M, $699.6M Net Income.
October 1, 2024.  Last estimates were for 2023, 2024, 2025 of $982M, $1110M, $1254M Revenue, $10.75, $12.08, $14.10 AEPS,
$10.20, $12.50, $14.10 EPS, $1.51, $1.81, $2.06 Dividend, $71.50, $81.70, $93.20 BVPS, $389M, $473M, $549M Net Income.
January 1, 2023 EQB changed their year-end reporting dated to October 31, from December 31.
October 7, 2023.  Last estimates were for 2022, 2023 and 2024 of $712M, $867M and $960 for Revenue, $8.30, $9.43 and $11.15 for EPS,
$1.21, $1.46 and $1.81 for dividends, $63.40, $72.50 and $79.50 for BVPS, $301, $357 and $427 for Net Income.
October 8, 2022.  Last estimates were for 2021 and 2022 of $577M and $649M for Net Int Inc., $8.05, $8.60 for EPS (after split),
$0.77 and $1.08 Div (After Split) and $280M and $300M for Net Income.
June 6, 2022.  The company Changed it name from Equitable Group Inc to EQB Inc.
October 3, 2021.  Last estimates were for 2020, 2021 and 2022 of 493M, $531M and $543M for Net Interest Income,
$10.80m $13.30 and $13.50 for EPS, $1.48, $1.61 and $2.10 for dividends, $185M, $222M and $233M for Net Income.
October 11, 2020.  Last estimates were for 2019, 2020 and 2021 of $463M, $518M and $565M for Net Int Inc., $11.80, $13.30 and $14.50 for EPS, and $199M, $223M and $243M for Net Income.
October 12, 2019.  Last estimates were for 2018, 2019 and 2020 of $344M, $383M and $416M for Revenue, $9.65, $10.70 and $11.40 for EPS and $162M, $179M and $190M for Net Income.
October 20, 2018.  Last estimates were for 2017, 2018 and 2019 of $311M, $335M and $373M for Net Interest Income, $9.07, $9.40 and $10.50 for EPS, $152M, $157M and $175M for Net Income.
October 22, 2017.  Last estimates were for 273M, $308M and $342M for Net Income Income, $8.07, $9.02 and $9.68 for EPS and $127M, $142M and $153M for Net Income.
October 25, 2016.  Last estimates were for 2015, 2016 and 2017 of $241, $269 and $303 for Net Interest Income, $7.52, $8.01 and $8.88 for EPS and $117, $125 and $139 for Net Income.
November 25, 2015.  Last estimates were for 2014, 2015 and 2016 of $205M, $230M and $261M for Net Income, $6.54, $7.38 and $8.50 for EPS, $103M, $115M and $133M for Net Income.
October 20, 2014.  Last estimates were for 2013, 2014 and 2015 of $172.5M, $194.4M and $222.0M for Net Interest Income and $5.60, $6.17 and $7.13 for EPS
Aug 29, 2013.  Symbol Change from ETC to EQB for this stock effective September 3, 2013.
2013.  The change to the ticker symbol follows the conversion of Equitable's wholly owned subsidiary, The Equitable Trust Company,
to a Schedule I Bank called Equitable Bank in English and Banque Équitable in French effective July 1st, 2013.
2004.  Company went publis in 2004 (March).
1970. Equitable Bank is a wholly owned subsidiary of Equitable Group. It was founded in 1970 as The Equitable Trust Company.
Sector:
Financial Service, Financials
Would I buy this company and Why.
If I was looking for a financial services stock, I would consider this stock.  It is an unusual bank and it is a dividend growth stock.
Why am I following this stock.
I had read a glowing report on investing on this company in 2013, so I decided to check it out.  It was interesting as it was loaning money to new immigrants, a class of people who generally have a
difficult time getting loans and mortgages from our regular banks.  It sounded intriguing.
Dividends
Cycle 1,  where payment is in January , April, September and December.  Dividends are declared in one month for the shareholders of record and paid in the following month.
For example, the dividend declared for shareholders of record of June 13, 2014 was payable on July 3, 2014.
How they make their money.
EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger Bank. It serves Canadians through two business lines, Personal Banking and Business
Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance
lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) 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	Oct 20	2018	Oct 13	2019	Oct 11	2020	Oct 3	2021	Oct 8	2022	Oct 7	2023	Oct 1	2024			Jan 26	2025
Moor, Andrew	0.43%	0.151	0.46%	0.178	0.53%	0.209	0.62%	0.228	0.67%	0.874	2.33%	0.521	1.38%	0.534	1.39%			0.517	1.35%			-3.09%
CEO - Shares - Amount	$5.041		$4.453		$9.732		$10.573		$15.684		$49.579		$45.477		$52.836				$54.309
Options - percentage	0.82%	0.301	0.91%	0.290	0.86%	0.275	0.81%	0.234	0.69%	0.461	1.23%	0.374	0.99%	0.537	1.40%			0.560	1.46%			4.24%
Options - amount	$9.715		$8.892		$15.869		$13.880		$16.091		$26.165		$32.626		$53.125				$58.737
Westlake, Chadwick								0.000	0.00%	0.001	0.00%	0.001	0.00%	0.001	0.00%			0.001	0.00%			9.86%
CFO - Shares - Amount									$0.021		$0.039		$0.077		$0.096				$0.112
Options - percentage								0.017	0.05%	0.050	0.13%	0.053	0.14%	0.099	0.26%			0.107	0.28%			7.93%
Options - amount									$1.168		$2.855		$4.601		$9.827				$11.250
Lorimer, Darren																					left in August 2020
Officer - Shares - Amount
Options - percentage
Options - amount
Broten, Dan								0.001	0.00%	0.003	0.01%	0.003	0.01%	0.004	0.01%			0.004	0.01%			13.98%
Sub Exe  - Shares - Amount									$0.082		$0.143		$0.288		$0.370				$0.448
Options - percentage								0.005	0.01%	0.015	0.04%	0.022	0.06%	0.049	0.13%			0.051	0.13%			3.65%
Options - amount									$0.322		$0.860		$1.948		$4.867				$5.350
Poddar, Mahima						0.002	0.01%	0.002	0.01%	0.004	0.01%	0.008	0.02%	0.009	0.02%			0.009	0.02%		Filed Sep 2023	2.50%
Sub Exe  - Shares - Amount							$0.090		$0.130		$0.225		$0.683		$0.885				$0.963
Options - percentage						0.009	0.03%	0.028	0.08%	0.071	0.19%	0.079	0.21%	0.165	0.43%			0.173	0.45%			4.92%
Options - amount							$0.477		$1.963		$4.036		$6.915		$16.299				$18.139
Lorimer, Darren												0.007	0.02%	0.007	0.02%			0.008	0.02%			2.27%
Sub Exe  - Shares - Amount													$0.632		$0.732				$0.794
Options - percentage												0.054	0.14%	0.095	0.25%			0.102	0.27%			7.30%
Options - amount													$4.686		$9.414				$10.713
Dickinson, Daniel Lee		0.001	0.00%	0.001	0.00%	0.001	0.00%														Ceased insider Jun 2021
Subl. Exe  - Shares - Amount			$0.015		$0.036		$0.039
Options - percentage		0.019	0.06%	0.021	0.06%	0.017	0.05%
Options - amount			$0.550		$1.146		$0.859
Braude, Aviva	0.01%	0.002	0.01%	0.002	0.01%	0.002	0.01%	0.002	0.01%												Last report Jan 2021
Subl. Exe  - Shares - Amount	$0.074		$0.053		$0.109		$0.110		$0.163												Ceased insider June 2022
Options - percentage	0.02%	0.010	0.03%	0.011	0.03%	0.019	0.06%	0.010	0.03%
Options - amount	$0.187		$0.286		$0.579		$0.969		$0.683
Cole, Michelle Lynn
Officer - Shares - Amount
Options - percentage
Options - amount
Downie, David
Officer - Shares - Amount
Options - percentage
Options - amount
Emory, Michael R.						0.002	0.00%	0.002	0.00%	0.003	0.01%	0.006	0.02%	0.006	0.02%			0.006	0.02%			0.00%
Director - Shares - Amount							$0.081		$0.110		$0.182		$0.558		$0.633				$0.672
Options - percentage						0.004	0.01%	0.005	0.01%	0.011	0.03%	0.013	0.03%	0.014	0.04%			0.014	0.04%			1.94%
Options - amount							$0.200		$0.340		$0.613		$1.135		$1.383				$1.495
Ericksen, Susan										0.004	0.01%	0.003	0.01%	0.003	0.01%			0.003	0.01%			0.00%
Director - Shares - Amount											$0.204		$0.218		$0.247				$0.262
Options - percentage										0.008	0.02%	0.009	0.02%	0.010	0.03%			0.010	0.03%			0.50%
Options - amount											$0.462		$0.807		$1.017				$1.084
Kapoor, Kishore										0.006	0.02%	0.006	0.02%	0.006	0.01%			0.006	0.01%		was Chair in 2023	0.00%
Director - Shares - Amount											$0.323		$0.497		$0.564				$0.598		Director in 2024
Options - percentage										0.012	0.03%	0.013	0.03%	0.014	0.04%			0.014	0.04%			0.50%
Options - amount											$0.662		$1.123		$1.387				$1.479
Sera, Maria Vincenza												0.005	0.01%	0.005	0.01%			0.005	0.01%			-0.15%
Chairman - Shares - Amt													$0.449		$0.527				$0.558
Options - percentage												0.027	0.07%	0.016	0.04%			0.016	0.04%			2.45%
Options - amount													$2.318		$1.578				$1.715
LeGresley, David Malcolm Balfour	0.05%	0.018	0.05%	0.018	0.05%	0.018	0.05%	0.017	0.05%	0.038	0.10%
Chairman - Shares - Amt	$0.576		$0.532		$0.984		$0.909		$1.137		$2.156
Options - percentage	0.02%	0.008	0.02%	0.012	0.04%	0.013	0.04%	0.016	0.05%	0.042	0.11%
Options - amount	$0.231		$0.240		$0.669		$0.649		$1.095		$2.366
Increase in O/S Shares	0.34%	0.043	0.13%	0.051	0.15%	0.220	0.66%	0.076	0.23%	0.323	0.95%	0.119	0.32%	0.228	0.60%			0.376	0.98%
due to SO	$3.384		$1.548		$1.495		$12.048		$3.862		$22.235		$6.749		$19.879				$37.170
Book Value	$2.877		$1.726		$1.780		$10.825		$4.122		$10.056		$4.198		$7.362				$15.376
Insider Buying	-$0.326		-$1.365		-$0.269		-$0.194		-$0.104		-$0.670		-$2.668		-$0.388				-$0.120
Insider Selling	$1.902		$1.066		$13.002		$14.300		$8.173		$1.692		$6.228		$19.247				$12.668
Net Insider Selling	$1.576		-$0.299		$12.733		$14.106		$8.069		$1.022		$3.559		$18.859				$12.548
% of Market Cap	0.13%		-0.03%		0.69%		0.83%		0.34%		0.05%		0.11%		0.50%				0.31%
Directors		9		10		10		10		10		10		10				10
Women	30%	2	22%	3	30%	3	30%	5	50%	4	40%	4	40%	4	40%			4	40%
Minorities	10%	1	11%	1	10%	1	10%	2	20%	2	20%	3	30%	2	20%			2	20%
Institutions/Holdings	39.13%	53	37.50%		44.37%	20	19.66%	20	31.21%			20	14.86%	20	15.69%			20	14.74%
Total Shares Held	19.53%	6.207	18.75%	7.400	22.03%	3.278	9.71%	5.297	15.55%			5.606	14.80%	6.024	15.67%			5.668	14.74%
Increase/Decrease	-0.57%	0.033	0.53%	0.040	0.54%	-0.067	-1.99%	0.144	2.80%			0.328	6.21%	-0.527	-8.05%			-0.271	-4.56%
Starting No. of Shares		6.174		7.360	Guru Focus	3.345	Top 20 MS	5.153	Top 20 MS			5.279	Top 20 MS	6.551	Top 20 MS			5.939	Top 20 MS
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