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 Power calculations see Aden
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q3 2023
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 9/30/23 https://www.annualreports.com/Company/first-national-financial-corporation
First National Financial Corporation  TSX FN OTC FNLIF https://www.firstnational.ca/ Fiscal Yr: Dec 31
Year 12/31/10 12/31/11 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 1/1/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$891 <-12 mths 6.65%
Revenue Total $343.2 $464.0 $628.6 $776.5 $803.1 $915.3 $1,049.8 $1,078.8 $1,181.5 $1,326.5 $1,380.3 $1,394.4 $1,574.3 150.44% <-Total Growth 10 Revenue Total
Increase 0.44% 35.19% 35.47% 23.53% 3.43% 13.97% 14.69% 2.76% 9.52% 12.27% 4.05% 1.02% 12.90% 10.90% <-Median-> 10 Increase
Revenue Statement $343.2 $254.1 $337.0 $429.2 $550.2 $620.8 $640.0 $658.8 $790.2 $877.7 $837.6 $793.5 $908.6 169.62% <-Total Growth 10 Revenue Statement
Increase 0.44% -25.96% 32.61% 27.37% 28.19% 12.83% 3.08% 2.94% 19.95% 11.08% -4.57% -5.26% 14.50% 11.95% <-Median-> 10 Increase
Net Revenue* $181.8 $279.7 $381.9 $453.3 $368.4 $426.7 $554.1 $566.8 $535.4 $587.5 $672.1 $764.3 $835.0 $900.3 $940.8 $993.0 118.66% <-Total Growth 10 Net Revenue*
Increase 1.99% 53.88% 36.52% 18.70% -18.73% 15.82% 29.88% 2.29% -5.54% 9.71% 14.41% 13.72% 9.25% 7.82% 4.50% 5.55% 8.14% <-IRR #YR-> 10 Net Revenue* 118.66%
5 year Running Average $241.5 $295.0 $333.0 $382.0 $436.9 $473.9 $490.3 $534.1 $583.2 $625 $678.9 $751.8 $822.5 $886.7 8.06% <-IRR #YR-> 5 Net Revenue* 47.31%
Revenue per Share $3.03 $4.66 $6.37 $7.56 $6.14 $7.11 $9.24 $9.45 $8.93 $9.80 $11.21 $12.75 $13.92 $15.01 $15.69 $16.56 10.89% <-IRR #YR-> 10 5 yr Running Average 181.09%
Increase 1.99% 53.88% 36.52% 18.70% -18.73% 15.82% 29.88% 2.29% -5.54% 9.71% 14.41% 13.72% 9.25% 7.82% 4.50% 5.55% 7.46% <-IRR #YR-> 5 5 yr Running Average 43.27%
5 year Running Average $4.03 $4.92 $5.55 $6.37 $7.29 $7.90 $8.18 $8.91 $9.73 $10.43 $11.32 $12.54 $13.72 $14.79 8.14% <-IRR #YR-> 10 Revenue per Share 118.66%
P/S (Price/Sales) Med 6.20 3.57 2.59 2.58 3.80 2.85 2.78 2.80 3.10 3.66 2.75 3.63 2.81 2.45 8.06% <-IRR #YR-> 5 Revenue per Share 47.31%
P/S (Price/Sales) Close 6.14 3.74 2.95 2.99 3.83 3.16 2.91 3.05 3.08 3.89 3.70 3.26 2.62 2.56 2.60 2.46 10.89% <-IRR #YR-> 10 5 yr Running Average 181.09%
P/S 10 Year Median  3.21 2.97 2.97 2.82 2.82 2.83 2.83 2.81 2.80 7.46% <-IRR #YR-> 5 5 yr Running Average 43.27%
*Revenue in M CDN $  P/S Med 20 yr  3.10 15 yr  3.10 10 yr  2.83 5 yr  3.10 -9.62% Diff M/C
-$381.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $835.0
-$566.8 $0.0 $0.0 $0.0 $0.0 $835.0
-$241.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $678.9
-$473.9 $0.0 $0.0 $0.0 $0.0 $678.9
-$6.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.92
-$9.45 $0.00 $0.00 $0.00 $0.00 $13.92
$0.00 <-12 mths #DIV/0!
$4.13 <-12 mths 27.08%
Difference Basic and Diluted 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 Difference Basic and Diluted
EPS Basic $2.69 $1.10 $1.76 $2.75 $1.62 $1.71 $3.28 $3.42 $2.73 $2.90 $3.12 $3.20 $3.25 84.66% <-Total Growth 10 EPS Basic
EPS Diluted* $2.69 $1.10 $1.76 $2.75 $1.62 $1.71 $3.28 $3.42 $2.73 $2.90 $3.12 $3.20 $3.25 $4.24 $4.24 $4.75 84.66% <-Total Growth 10 EPS Diluted
Increase -1.47% -59.11% 60.00% 56.25% -41.09% 5.56% 91.81% 4.27% -20.18% 6.23% 7.59% 2.56% 1.56% 30.34% -0.02% 12.09% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 14.46% 6.30% 9.36% 12.17% 6.89% 7.62% 12.18% 11.88% 9.94% 7.62% 7.52% 7.70% 8.92% 11.04% 10.38% 11.64% 6.33% <-IRR #YR-> 10 Earnings per Share 84.66%
5 year Running Average $2.02 $2.21 $1.98 $1.79 $2.22 $2.56 $2.55 $2.81 $3.09 $3.07 $3.04 $3.34 $3.61 $3.93 -1.01% <-IRR #YR-> 5 Earnings per Share -5.23%
10 year Running Average $2.29 $2.38 $2.40 $2.44 $2.65 $2.80 $2.95 $3.21 $3.51 4.18% <-IRR #YR-> 10 5 yr Running Average 50.64%
* Diluted ESP per share  E/P 10 Yrs 8.31% 5Yrs 7.70% 3.53% <-IRR #YR-> 5 5 yr Running Average 18.94%
-$1.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.25
-$3.42 $0.00 $0.00 $0.00 $0.00 $3.25
-$2.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.04
-$2.56 $0.00 $0.00 $0.00 $0.00 $3.04
Dividend* $2.78 $2.47 $2.86 Estimates Dividend*
Increase 18.09% -11.15% 15.59% Estimates Increase
Payout Ratio EPS 65.63% 58.32% 60.14% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.37 $0.00 $0.00 $0.00 $0.00 $0.00 $1.25 $1.00 $0.50 $0.50 $1.25 $0.00 $0.75 $0.00 $0.00 $0.25 <-Median-> 10 Special Dividends
Dividend* $1.50 $1.25 $1.26 $1.38 $1.48 $1.50 $1.70 $1.81 $1.85 $1.90 $1.96 $2.25 $2.35 $2.40 $2.45 $2.45 86.25% <-Total Growth 10 Dividends
Increase 8.70% -16.80% 1.28% 8.94% 7.19% 1.90% 13.14% 6.51% 2.30% 2.70% 3.06% 14.44% 4.82% 2.12% 1.91% 0.00% 15 1 16 Years of data, Count P, N
Average Increases 5 Year Running 64.21% 2.69% -0.43% -0.04% -0.32% 4.10% 6.93% 6.33% 5.12% 5.32% 3.07% 4.78% 5.39% 5.25% 4.97% 1.82% 4.95% <-Median-> 10 5 year Increases
Dividends 5 Yr Running $1.17 $1.42 $1.46 $1.46 $1.45 $1.45 $1.46 $1.82 $2.12 $2.31 $2.50 $2.86 $2.71 $2.77 $2.78 $2.78 86.27% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 7.98% 7.50% 7.67% 7.07% 6.33% 7.43% 6.61% 6.86% 6.70% 5.31% 6.37% 4.85% 6.01% 6.55% 6.49% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 6.88% 6.48% 6.72% 5.80% 5.70% 6.32% 5.32% 6.04% 6.20% 4.27% 4.73% 4.25% 5.16% 5.95% 5.51% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 9.49% 8.88% 8.94% 9.03% 7.12% 9.01% 8.73% 7.94% 7.29% 7.03% 9.77% 5.67% 7.20% 7.27% 7.61% <-Median-> 10 Yield on Low Price CFPS
Yield on Close Price 8.06% 7.15% 6.72% 6.09% 6.28% 6.70% 6.32% 6.29% 6.75% 5.00% 4.73% 5.40% 6.46% 6.26% 6.01% 6.01% 6.29% <-Median-> 10 Yield on Close Price FCF 
Payout Ratio EPS 55.76% 147.18% 71.82% 50.07% 91.11% 87.95% 51.88% 89.55% 104.69% 82.90% 78.93% 109.24% 72.44% 74.46% 57.85% 51.61% $0.79 <-Median-> 17 DPR EPS
DPR EPS 5 Yr Running 72.23% 66.21% 72.94% 80.98% 65.85% 71.37% 83.09% 82.13% 80.83% 92.93% 89.31% 83.03% 77.14% 70.69% $0.81 <-Median-> 11 DPR EPS 5 Yr Running
Payout Ratio CFPS 46.17% 0.00% 45.66% 0.00% 0.00% 672.21% 0.00% 94.52% 0.00% 31.43% 58.84% 52.03% 27.73% 80.63% $0.31 <-Median-> 15 DPR CF
DPR CF 5 Yr Running 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 308.06% 162.11% 86.01% 62.11% 44.81% $0.00 <-Median-> 11 DPR CF 5 Yr Running
Payout Ratio CFPS WC 72.06% 152.68% 61.10% 67.70% 118.51% 69.16% 52.31% 106.50% 149.95% 133.18% 27.50% 23.02% 925.91% 257.29% $0.72 <-Median-> 15 DPR CF WC
DPR CF WC 5 Yr Running 0.00% 0.00% 68.17% 83.83% 85.23% 84.35% 67.96% 78.75% 92.56% 95.97% 66.45% 46.49% 48.30% 50.58% $0.68 <-Median-> 15 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 6.49% 6.29% 5 Yr Med 5 Yr Cl 6.01% 5.40% 5 Yr Med Payout 82.90% 31.43% 133.18% 5.37% <-IRR #YR-> 5 Dividends 29.88%
* Dividends per share  10 Yr Med and Cur. -7.46% -4.42% 5 Yr Med and Cur. -0.10% 11.18% Last Div Inc ---> $0.20000 $0.20417 2.08% 6.42% <-IRR #YR-> 10 Dividends 86.25%
Dividends Growth 15 5.20% <-IRR #YR-> 15 Dividends 114.01%
Dividends Growth 20 12.53% <-IRR #YR-> 16 Dividends
Dividends Growth 5 -$1.81 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 5
Dividends Growth 10 -$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 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 $2.35 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 $2.35 Dividends Growth 20
Historical Dividends Historical High Div 16.33% Low Div 3.88% 10 Yr High 9.70% 10 Yr Low 4.25% Med Div 6.70% Close Div 6.46% Historical Dividends
High/Ave/Median Values Curr diff Exp. -63.21% 35.42% Exp. -38.06% 41.36% Exp. -10.33% Exp. -7.06% High/Ave/Median 
Adjusted Historical Dividends Historical High Div 16.33% Low Div 3.88% 10 Yr High 9.70% 10 Yr Low 4.25% Med Div 6.70% Close Div 6.46% Adjusted Historical Dividends
High/Ave/Median Values Curr diff Exp. -63.21% 54.84% Exp. -38.06% 41.36% Exp. -10.33% Exp. -7.06% High/Ave/Median 
Future Dividend Yield Div Yield $0.08 earning in 5 Years at IRR of 5.37% Div Inc. 29.88% Future Dividend Yield
Future Dividend Yield Div Yield 10.14% earning in 10 Years at IRR of 5.37% Div Inc. 68.70% Future Dividend Yield
Future Dividend Yield Div Yield 13.16% earning in 15 Years at IRR of 5.37% Div Inc. 119.12% Future Dividend Yield
Future Dividend Paid Div Paid $3.18 earning in 5 Years at IRR of 5.37% Div Inc. 29.88% Future Dividend Paid Div Pd
Future Dividend Paid Div Paid $4.13 earning in 10 Years at IRR of 5.37% Div Inc. 68.70% Future Dividend Paid $3.18
Future Dividend Paid Div Paid $5.37 earning in 15 Years at IRR of 5.37% Div Inc. 119.12% Future Dividend Paid $4.13
$5.37
Dividend Covering Cost Total Div $13.64 over 5 Years at IRR of 5.37% Div Cov. 35.53% Dividend Covering Cost
Dividend Covering Cost Total Div $28.17 over 10 Years at IRR of 5.37% Div Cov. 73.40% Dividend Covering Cost
Dividend Covering Cost Total Div $47.04 over 15 Years at IRR of 5.37% Div Cov. 122.57% Dividend Covering Cost
Yield if held 5 years 10.14% 6.98% 12.20% 10.18% 8.00% 10.22% 11.00% 9.51% 8.17% 9.69% 8.73% 8.91% 8.69% 6.84% 7.95% 9.60% <-Median-> 10 Paid Median Price
Yield if held 10 years 13.83% 10.01% 16.43% 13.13% 10.44% 13.49% 14.29% 12.34% 10.51% 12.10% 13.49% <-Median-> 7 Paid Median Price
Yield if held 15 years 18.25% 13.01% 21.30% 16.89% 13.04% 15.63% <-Median-> 2 Paid Median Price
Yield if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
year 35 BMO, EMP, T, JNJ
Cost covered if held 5 years 57.89% 40.26% 64.71% 49.89% 38.52% 43.98% 55.38% 54.40% 49.44% 61.69% 55.50% 51.38% 50.13% 38.84% 45.14% 52.89% <-Median-> 10 Paid Median Price Div Yd
Cost covered if held 10 years 117.40% 90.66% 158.66% 129.38% 104.97% 129.76% 137.80% 125.57% 109.12% 130.37% 129.38% <-Median-> 7 Paid Median Price 8.69%
Cost covered if held 15 years 233.48% 165.66% 281.58% 225.32% 178.95% 199.57% <-Median-> 2 Paid Median Price 12.34%
Cost covered if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price 21.30%
Cost covered if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $566.8 $535.4 $587.5 $672.1 $764.3 $835.0 $890.6 <-12 mths 6.65% 47.31% <-Total Growth 5 Revenue Growth  47.31%
EPS Growth $3.42 $2.73 $2.90 $3.12 $3.20 $3.25 $0.00 <-12 mths -100.00% -4.97% <-Total Growth 5 EPS Growth -4.97%
Net Income Growth $205.3 $163.5 $174.2 $187.4 $191.9 $194.7 $248.2 <-12 mths 27.48% -5.18% <-Total Growth 5 Net Income Growth -5.18%
Cash Flow Growth $194.3 -$311.0 $458.7 $251.0 $402.9 $509.2 $234.6 <-12 mths -53.92% 162.04% <-Total Growth 5 Cash Flow Growth 162.04%
Dividend Growth $1.81 $1.85 $1.90 $1.96 $2.25 $2.35 $2.40 <-12 mths 2.12% 29.88% <-Total Growth 5 Dividend Growth 29.88%
Stock Price Growth $28.80 $27.46 $38.08 $41.48 $41.56 $36.42 $38.38 <-12 mths 5.38% 26.46% <-Total Growth 5 Stock Price Growth 26.46%
Revenue Growth  $381.9 $453.3 $368.4 $426.7 $554.1 $566.8 $535.4 $587.5 $672.1 $764.3 $835.0 $900.3 <-this year 7.82% 118.66% <-Total Growth 10 Revenue Growth  118.66%
EPS Growth $1.76 $2.75 $1.62 $1.71 $3.28 $3.42 $2.73 $2.90 $3.12 $3.20 $3.25 $0.00 <-this year -100.00% 84.66% <-Total Growth 10 EPS Growth 84.66%
Net Income Growth $105.7 $165.1 $97.1 $102.5 $196.5 $205.3 $163.5 $174.2 $187.4 $191.9 $194.7 $253.2 <-this year 30.05% 84.24% <-Total Growth 10 Net Income Growth 84.24%
Cash Flow Growth $166.0 -$150.7 -$230.7 $13.4 -$131.0 $194.3 -$311.0 $458.7 $251.0 $402.9 $509.2 -$0.5 <-this year -100.11% 206.71% <-Total Growth 10 Cash Flow Growth 206.71%
Dividend Growth $1.26 $1.38 $1.48 $1.50 $1.70 $1.81 $1.85 $1.90 $1.96 $2.25 $2.35 $2.78 <-this year 18.09% 86.25% <-Total Growth 10 Dividend Growth 86.25%
Stock Price Growth $18.80 $22.60 $23.51 $22.45 $26.93 $28.80 $27.46 $38.08 $41.48 $41.56 $36.42 $38.38 <-this year 5.38% 93.72% <-Total Growth 10 Stock Price Growth 93.72%
Dividends on Shares $109.50 $118.19 $92.27 $100.52 $107.75 $109.79 $124.22 $223.56 $208.65 $175.50 $179.76 $255.20 $171.85 $230.25 $178.85 $178.85 $2,269.11 No of Years 16 Total Dividends 12/31/06
Share Value $1,357.80 $1,273.85 $1,372.40 $1,649.80 $1,716.23 $1,638.85 $1,965.89 $2,102.40 $2,004.58 $2,779.84 $3,028.04 $3,033.88 $2,658.66 $2,801.74 $2,976.94 $2,976.94 $2,658.66 No of Years 16 Share Value $13.70
Total $4,927.77 Total Return 73.00
Dividends on Shares $74.36 $79.70 $81.22 $91.89 $165.38 $154.34 $129.82 $132.98 $188.77 $127.12 $170.33 $132.30 $132.30 $1,225.58 No of Years 10 Total Dividends 12/31/12
Share Value $1,015.20 $1,220.40 $1,269.54 $1,212.30 $1,454.22 $1,555.20 $1,482.84 $2,056.32 $2,239.92 $2,244.24 $1,966.68 $2,072.52 $2,202.12 $2,202.12 $1,966.68 No of Years 10 Share Value $18.80
Total $3,192.26 Total Return 54.00
Graham Number AEPS $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 #DIV/0! <-Total Growth 10 Graham Number AEPS
Increase #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Increase
Price/GP Ratio Med #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Price/GP Ratio Med
Price/GP Ratio High #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Price/GP Ratio High
Price/GP Ratio Low #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Price/GP Ratio Low
Price/GP Ratio Close #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Price/GP Ratio Close
Prem/Disc Close #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Graham Price
Graham Number EPS $16.24 $8.99 $12.19 $17.80 $13.84 $14.49 $22.87 $23.92 $21.10 $22.48 $23.54 $24.01 $27.08 $33.49 $33.49 $35.45 122.14% <-Total Growth 10 Graham Number EPS
Increase 9.60% -44.67% 35.68% 46.03% -22.24% 4.68% 57.79% 4.60% -11.77% 6.50% 4.74% 1.98% 12.82% 23.65% -0.01% 5.87% 4.71% <-Median-> 10 Increase
Price/GP Ratio Med 1.16 1.85 1.35 1.09 1.68 1.40 1.13 1.10 1.31 1.59 1.31 1.93 1.45 1.10 1.35 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 1.34 2.14 1.54 1.33 1.87 1.64 1.40 1.25 1.42 1.98 1.76 2.20 1.68 1.21 1.66 <-Median-> 10 Price/GP Ratio High Gains
Price/GP Ratio Low 0.97 1.56 1.16 0.86 1.50 1.15 0.85 0.95 1.21 1.20 0.85 1.65 1.21 0.99 1.18 <-Median-> 10 Price/GP Ratio Low 6.93%
Price/GP Ratio Close 1.15 1.94 1.54 1.27 1.70 1.55 1.18 1.20 1.30 1.69 1.76 1.73 1.34 1.15 1.22 1.15 1.45 <-Median-> 10 Price/GP Ratio Close 5.44%
Prem/Disc Close 14.52% 94.19% 54.19% 26.93% 69.81% 54.91% 17.76% 20.40% 30.11% 69.43% 76.20% 73.12% 34.47% 14.60% 21.78% 15.03% 44.69% <-Median-> 10 Graham Price 15.76%
13.68%
Based on EPS 3 Yrs EPS $13.30 $13.55 $14.60 $14.87 $15.84 $17.98 $19.20 $21.39 $23.40 $23.15 $22.92 $26.34 $29.06 $30.71 $32.16 94.40% <-Total Growth 10 Based on EPS 3 Yrs EPS 9.03%
Increase 1.86% 7.78% 1.86% 6.51% 13.47% 6.80% 11.39% 9.41% -1.08% -0.99% 14.92% 10.34% 5.67% 4.73% 7.29% <-Median-> 10 Increase 6.25%
Price/GP Ratio Med 1.25 1.22 1.33 1.57 1.28 1.43 1.38 1.29 1.53 1.33 2.02 1.49 1.26 140.39% <-Median-> 10 Price/GP Ratio Med 20.15%
Price/GP Ratio High 1.45 1.39 1.62 1.74 1.50 1.78 1.56 1.40 1.91 1.79 2.31 1.73 1.39 1.74 <-Median-> 10 Price/GP Ratio High 14.85%
Price/GP Ratio Low 1.06 1.04 1.04 1.39 1.05 1.08 1.19 1.19 1.16 0.87 1.73 1.24 1.14 1.17 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 1.31 1.39 1.55 1.58 1.42 1.50 1.50 1.28 1.63 1.79 1.81 1.38 1.32 1.33 1.27 1.52 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close 31.20% 38.76% 54.76% 58.06% 41.71% 49.81% 50.01% 28.40% 62.74% 79.19% 81.33% 38.28% 32.06% 32.79% 26.79% 0.52 <-Median-> 10 Graham Price
Month, Year Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 22.00 <Count Years> 22 Month, Year
Price Close $18.60 $17.45 $18.80 $22.60 $23.51 $22.45 $26.93 $28.80 $27.46 $38.08 $41.48 $41.56 $36.42 $38.38 $40.78 $40.78 93.72% <-Total Growth 10 Stock Price
Increase -1.64% -6.18% 7.74% 20.21% 4.03% -4.51% 19.96% 6.94% -4.65% 38.67% 8.93% 0.19% -12.37% 5.38% 6.25% 0.00% 10.59 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 6.91 15.86 10.68 8.22 14.51 13.13 8.21 8.42 10.06 13.13 13.29 12.99 11.21 9.06 9.63 8.59 4.81% <-IRR #YR-> 5 Stock Price 26.46%
Trailing P/E Ratio 6.81 6.49 17.09 12.84 8.55 13.86 15.75 8.78 8.03 13.95 14.30 13.32 11.38 11.81 9.63 9.63 6.84% <-IRR #YR-> 10 Stock Price 93.72%
CAPE (10 Yr P/E) 9.12 9.48 10.21 10.97 11.01 11.05 11.03 10.67 10.27 13.46% <-IRR #YR-> 5 Price & Dividend 73.59%
Median 10, 5 Yrs D.  per yr 8.59% 8.66% % Tot Ret 55.69% 64.30% T P/E $13.08 $13.32 P/E:  $12.10 $12.99 -17.54% Diff M/C 15.43% <-IRR #YR-> 10 Price & Dividend 214.45%
Price 15 D.  per yr 8.90% % Tot Ret 57.31% CAPE Diff -14.45% 6.63% <-IRR #YR-> 15 Stock Price 162.01%
Price  20 D.  per yr 8.58% % Tot Ret 57.65% 6.30% <-IRR #YR-> 16 Stock Price #DIV/0!
Price & Dividend 15 15.53% <-IRR #YR-> 15 Price & Dividend 377.72%
Price & Dividend 20 14.88% <-IRR #YR-> 16 Price & Dividend #DIV/0!
Price  5 -$28.80 $0.00 $0.00 $0.00 $0.00 $36.42 Price  5 TD bank
Price 10 -$18.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.42 Price 10 POW 30
Price & Dividend 5 -$28.80 $2.86 $2.40 $2.46 $3.50 $38.77 Price & Dividend 5
Price & Dividend 10 -$18.80 $1.38 $1.48 $1.50 $1.70 $3.06 $2.86 $2.40 $2.46 $3.50 $38.77 Price & Dividend 10 to year 35
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 $36.42 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 $36.42 Price  20
Price & Dividend 15 $1.50 $1.62 $1.26 $1.38 $1.48 $1.50 $1.70 $3.06 $2.86 $2.40 $2.46 $3.50 $38.77 Price & Dividend 15 Price  35
Price & Dividend 20 $1.50 $1.62 $1.26 $1.38 $1.48 $1.50 $1.70 $3.06 $2.86 $2.40 $2.46 $3.50 $38.77 Price & Dividend 20 Price  40
Price H/L Median $18.80 $16.65 $16.47 $19.49 $23.32 $20.25 $25.74 $26.42 $27.67 $35.84 $30.80 $46.27 $39.15 $36.73 $39.57 137.67% <-Total Growth 10 Stock Price
Increase 29.58% -11.41% -1.08% 18.34% 19.65% -13.19% 27.12% 2.66% 4.73% 29.51% -14.05% 50.23% -15.40% -6.18% 7.75% 8.18% <-IRR #YR-> 5 Stock Price 48.16%
P/E Ratio 6.99 15.14 9.36 7.09 14.40 11.84 7.85 7.73 10.14 12.36 9.87 14.46 12.04 8.67 9.34 9.04% <-IRR #YR-> 10 Stock Price 137.67%
Trailing P/E Ratio 6.88 6.19 14.97 11.07 8.48 12.50 15.05 8.05 8.09 13.13 10.62 14.83 12.23 11.30 9.34 17.12% <-IRR #YR-> 5 Price & Dividend 48.16%
P/E on Running 5 yr Average 8.16 8.83 11.75 11.32 11.57 10.34 10.84 12.76 9.97 15.05 12.88 10.99 10.97 18.07% <-IRR #YR-> 10 Price & Dividend 275.48%
P/E on Running 10 yr Average 11.55 11.63 14.96 12.63 17.47 13.99 12.46 12.33 10.14 P/E Ratio Historical Median 99.55%
Median 10, 5 Yrs D.  per yr 8.93% 9.03% % Tot Ret 52.20% 49.97% T P/E 11.65 12.23 P/E:  10.99 12.04 Count 16 Years of data
-$26.42 $0.00 $0.00 $0.00 $0.00 $39.15
-$16.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.15
-$26.42 $2.86 $2.40 $2.46 $3.50 $41.50
-$16.47 $1.38 $1.48 $1.50 $1.70 $3.06 $2.86 $2.40 $2.46 $3.50 $41.50
High Months Mar Feb Dec Nov Mar Jan Sep Jan Aug Nov Dec May Feb  May Jan
Price High $21.79 $19.25 $18.80 $23.73 $25.90 $23.80 $31.97 $30.00 $29.89 $44.60 $41.52 $52.90 $45.58 $40.40 $41.41 142.45% <-Total Growth 10 Stock Price
Increase 6.45% -11.66% -2.34% 26.22% 9.14% -8.11% 34.33% -6.16% -0.37% 49.21% -6.91% 27.41% -13.84% -11.36% 2.50% 8.73% <-IRR #YR-> 5 Stock Price 51.93%
P/E Ratio 8.10 17.50 10.68 8.63 15.99 13.92 9.75 8.77 10.95 15.38 13.31 16.53 14.02 9.54 9.78 9.26% <-IRR #YR-> 10 Stock Price 142.45%
Trailing P/E Ratio 7.98 7.16 17.09 13.48 9.42 14.69 18.70 9.15 8.74 16.34 14.32 16.96 14.24 12.43 9.78 13.31 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 14.28 14.32 P/E:  13.61 14.02 18.37 P/E Ratio Historical High
-$30.00 $0.00 $0.00 $0.00 $0.00 $45.58
-$18.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.58
Low Months Jul Oct Jun $18.80 Oct Aug Jan Apr Apr Jan Mar Dec Jun Oct Jan
Price Low $15.80 $14.05 $14.14 $15.25 $20.74 $16.69 $19.50 $22.84 $25.45 $27.07 $20.08 $39.64 $32.71 $33.05 $37.73 131.33% <-Total Growth 10 Stock Price
Increase 85.01% -11.08% 0.64% 7.85% 36.00% -19.53% 16.84% 17.13% 11.43% 6.37% -25.82% 97.41% -17.48% 1.04% 14.16% 7.45% <-IRR #YR-> 5 Stock Price 43.21%
P/E Ratio 5.87 12.77 8.03 5.55 12.80 9.76 5.95 6.68 9.32 9.33 6.44 12.39 10.06 7.80 8.91 8.75% <-IRR #YR-> 10 Stock Price 131.33%
Trailing P/E Ratio 5.79 5.22 12.85 8.66 7.54 10.30 11.40 6.96 7.44 9.92 6.92 12.71 10.22 10.17 8.91 9.32 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 9.29 9.92 P/E:  9.33 9.33 3.98 P/E Ratio Historical Low
-$14.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.71
Free Cash Flow WSJ -$297.96 $525.93 -$175.63 -$350.86 $141.52 147.50% <-Total Growth 4 Free Cash Flow WSJ
Change #DIV/0! 276.51% -133.39% -99.77% 140.34% #DIV/0! <-Median-> 4 Change
Free Cash Flow MS -$239.02 $9.92 -$135.64 $190.05 -$339.97 $452.82 -$250.65 -$434.85 $496.78 307.84% <-Total Growth 8 Free Cash Flow MS
Change 104.15% -1467.34% 240.11% -278.88% 233.19% -155.35% -73.49% 214.24% 21.19% <-IRR #YR-> 5 Free Cash Flow MS 161.39%
FCF/CF from Op Ratio 1.04 0.74 1.04 0.98 1.09 0.99 -1.00 -1.08 0.98 #NUM! <-IRR #YR-> 8 Free Cash Flow MS 307.84%
Free Cash Flow Yield -0.17 0.01 -0.08 0.11 -0.21 0.20 -0.10 -0.17 0.23 -8.40% <-Median-> 9 Free Cash Flow Yield
Dividends paid $95.85 $97.19 $103.88 $188.07 $174.03 $142.16 $150.62 $212.31 $144.01 50.24% <-Total Growth 8 Dividends paid
Percentage paid -40.10% 979.72% -76.58% 98.96% -51.19% 31.39% -60.09% -48.82% 28.99% -$0.40 <-Median-> 9 Percentage paid
5 Year Coverage -1084.92% 5 Year Coverage
Dividend Coverage Ratio -2.49 0.10 -1.31 1.01 -1.95 3.19 -1.66 -2.05 3.45 -1.31 <-Median-> 9 Dividend Coverage Ratio
5 Year of Coverage -0.78 0.25 -0.11 -0.44 -0.09 5 Year of Coverage
Market Cap in $M $1,115.4 $1,046.4 $1,127.4 $1,355.3 $1,409.8 $1,346.3 $1,614.9 $1,727.1 $1,646.7 $2,283.6 $2,487.4 $2,492.2 $2,184.0 $2,301.5 $2,445.5 $2,445.5 93.72% <-Total Growth 10 Market Cap 93.72%
Diluted # of Shares in Millions 59.97 59.97 59.97 59.97 59.97 59.967 59.967 59.967 59.967 59.967 59.967 59.967 59.97 0.00 0.00 0.00 0.00% <-Total Growth 10 Diluted # of Shares in Million
Change 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% -100.00% #DIV/0! #DIV/0! 0.00% <-IRR #YR-> 10 Change
Difference Diluted/Basic 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% #DIV/0! #DIV/0! #DIV/0! 0.00% <-IRR #YR-> 5 Difference Diluted/Basic
Basic # of Shares in Millions 59.97 59.97 59.97 59.97 59.97 59.97 59.967 59.967 59.967 59.967 59.967 59.967 59.97 0.00 0.00 0.00 0.00% <-Total Growth 10 Basic
Change 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% -100.00% #DIV/0! #DIV/0! 0.00% <-Median-> 10 Change
Difference Basic/Outstanding 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% #DIV/0! #DIV/0! #DIV/0! 0.00% <-Median-> 10 Difference Basic/Outstanding
$235 <-12 mths -53.92%
# of Share in Millions 59.97 59.97 59.97 59.97 59.97 59.967 59.967 59.967 59.967 59.967 59.967 59.967 59.97 59.967 59.967 59.967 0.00% <-IRR #YR-> 10 Shares 0.00%
Change 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% <-IRR #YR-> 5 Shares 0.00%
Cash Flow from Operations $M $194.8 -$456.4 $166.0 -$150.7 -$230.7 $13.4 -$131.0 $194.3 -$311.0 $458.7 $251.0 $402.9 $509.2 $234.6 <-12 mths 206.71% <-Total Growth 10 Cash Flow
Increase 333.19% -334.23% 136.38% -190.76% -53.12% 105.82% -1076.45% 248.32% -260.03% 247.51% -45.29% 60.54% 26.37% -53.92% <-12 mths Why increase decrease
5 year Running Average -$19.9 -$65.9 -$95.4 -$131.7 -$66.6 -$60.9 -$93.0 $44.9 $92.4 $199.2 $262.1 $371.3 <-12 mths 1420.37% <-Total Growth 10 CF 5 Yr Running
CFPS $3.25 -$7.61 $2.77 -$2.51 -$3.85 $0.22 -$2.18 $3.24 -$5.19 $7.65 $4.18 $6.72 $8.49 $3.91 <-12 mths 206.71% <-Total Growth 10 Cash Flow per Share
Increase 333.19% -334.23% 136.38% -190.76% -53.12% 105.82% -1076.45% 248.32% -260.03% 247.51% -45.29% 60.54% 26.37% -53.92% <-12 mths 11.86% <-IRR #YR-> 10 Cash Flow 206.71%
5 year Running Average -$0.33 -$1.10 -$1.59 -$2.20 -$1.11 -$1.02 -$1.55 $0.75 $1.54 $3.32 $4.37 $6.19 <-12 mths 21.25% <-IRR #YR-> 5 Cash Flow 162.04%
P/CF on Med Price 5.78 -2.19 5.95 -7.76 -6.06 90.49 -11.78 8.15 -5.34 4.68 7.36 6.89 4.61 9.39 <-12 mths 11.86% <-IRR #YR-> 10 Cash Flow per Share 206.71%
P/CF on Closing Price 5.72 -2.29 6.79 -8.99 -6.11 100.34 -12.33 8.89 -5.30 4.98 9.91 6.19 4.29 9.81 <-12 mths 21.25% <-IRR #YR-> 5 Cash Flow per Share 162.04%
111.09% Diff M/C #NUM! <-IRR #YR-> 10 CFPS 5 yr Running 1420.37%
$73.51 <-12 mths
Excl.Working Capital CF -$70.0 $519.9 -$42.0 $272.6 $305.4 $117.0 $326.1 -$21.9 $425.3 -$350.4 $286.0 $507.7 -$493.9 $0.0 <-12 mths #NUM! <-IRR #YR-> 5 CFPS 5 yr Running 530.22%
Cash Flow from Operations $M WC $124.8 $63.6 $124.1 $122.0 $74.7 $130.4 $195.1 $172.4 $114.3 $108.3 $536.9 $910.6 $15.2 $73.5 <-12 mths -713.63% <-Total Growth 10 Cash Flow less WC
Increase 41.86% -49.06% 95.09% -1.68% -38.77% 74.61% 49.59% -11.60% -33.72% -5.29% 395.97% 69.60% -98.33% 382.16% <-12 mths -18.91% <-IRR #YR-> 10 Cash Flow less WC -87.71%
5 year Running Average $128.2 $104.5 $101.8 $102.9 $129.2 $138.9 $137.4 $144.1 $225.4 $368.5 $337.1 $328.9 <-12 mths -38.44% <-IRR #YR-> 5 Cash Flow less WC -91.16%
CFPS Excl. WC $2.08 $1.06 $2.07 $2.03 $1.25 $2.17 $3.25 $2.88 $1.91 $1.81 $8.95 $15.19 $0.25 $1.23 <-12 mths 10.15% <-IRR #YR-> 10 CF less WC 5 Yr Run 162.90%
Increase 41.86% -49.06% 95.09% -1.68% -38.77% 74.61% 49.59% -11.60% -33.72% -5.29% 395.97% 69.60% -98.33% 382.16% <-12 mths 19.40% <-IRR #YR-> 5 CF less WC 5 Yr Run 142.64%
5 year Running Average $2.14 $1.74 $1.70 $1.72 $2.16 $2.32 $2.29 $2.40 $3.76 $6.15 $5.62 $5.48 <-12 mths -18.91% <-IRR #YR-> 10 CFPS - Less WC -87.71%
P/CF on Median Price 9.03 15.70 7.96 9.58 18.72 9.31 7.91 9.19 14.52 19.85 3.44 3.05 153.96 29.96 <-12 mths -38.44% <-IRR #YR-> 5 CFPS - Less WC -91.16%
P/CF on Closing Price 8.94 16.46 9.09 11.11 18.88 10.32 8.28 10.02 14.41 21.09 4.63 2.74 143.24 31.31 <-12 mths 10.15% <-IRR #YR-> 10 CFPS 5 yr Running 162.90%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 4.65 5 yr  4.68 P/CF Med 10 yr 9.45 5 yr  14.52 231.43% Diff M/C 19.40% <-IRR #YR-> 5 CFPS 5 yr Running 142.64%
-$2.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.49 Cash Flow per Share
-$3.24 $0.00 $0.00 $0.00 $0.00 $8.49 Cash Flow per Share
$0.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.37 CFPS 5 yr Running
$1.02 $0.00 $0.00 $0.00 $0.00 $4.37 CFPS 5 yr Running
-$124.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $15.2 Cash Flow less WC
-$172.4 $0.0 $0.0 $0.0 $0.0 $15.2 Cash Flow less WC
-$128.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $337.1 CF less WC 5 Yr Run
-$138.9 $0.0 $0.0 $0.0 $0.0 $337.1 CF less WC 5 Yr Run
-$2.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.25 CFPS - Less WC
-$2.88 $0.00 $0.00 $0.00 $0.00 $0.25 CFPS - Less WC
For banks, use Net Income, not CF
OPM Ratio 107.18% -163.14% 43.47% -33.24% -62.63% 3.14% -23.64% 34.28% -58.08% 78.08% 37.34% 52.71% 60.98% 26.06% 40.27% <-Total Growth 10 OPM
Increase 328.64% -252.22% 126.65% -176.47% -88.41% 105.02% -851.81% 244.99% -269.41% 234.45% -52.18% 41.18% 15.68% -57.27% Should increase  or be stable.
Diff from Median 473% -972% 132% -278% -435% -83% -226% 83% -410% 317% 100% 182% 226% 39% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 18.71% 5 Yrs 52.71% should be  zero, it is a   check on calculations
$304 <-12 mths 45.75%
Adjusted EBITDA $129.80 $125.09 $153.20 $197.58 $183.13 $209.93 $253.54 $234.28 $225.2 $251.3 $323.0 $257.3 $208.8 36.27% <-Total Growth 10 Adjusted EBITDA
Change -21.48% -3.63% 22.47% 28.97% -7.31% 14.64% 20.77% -7.60% -3.88% 11.59% 28.54% -20.35% -18.86% 3.85% <-Median-> 10 Change
EBITDA Margin 71.40% 44.72% 40.12% 43.59% 49.71% 49.20% 45.75% 41.33% 42.06% 42.78% 48.06% 33.66% 25.00% 0.43 <-Median-> 10 EBITDA Margin
Covering Assets $1,105 $11,802 $14,903 $20,459 $25,893 $27,808 $30,351 $32,735 $35,994 $38,092 $39,306 $41,984 $43,447 $44,932
Change 7.76% 967.95% 26.27% 37.28% 26.56% 7.40% 9.15% 7.85% 9.96% 5.83% 3.19% 6.81% 3.48% 3.42%
Debt/Market Cap Ratio 0.78 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.97 0.98 0.99 0.98 0.98
Long Term Debt 865.63 $11,546 $14,592 $19,997 $25,351 $27,279 $29,635 $32,033 $35,302 $37,037 $38,653 $41,385 $42,669 $43,882 192.42% <-Total Growth 10 Debt Type
Change 4.96% 1233.85% 26.38% 37.05% 26.77% 7.60% 8.64% 8.09% 10.20% 4.92% 4.36% 7.07% 3.10% 2.84% 7.85% <-Median-> 10 Change Lg Term R A
Debt/Market Cap Ratio 0.78 11.03 12.94 14.76 17.98 20.26 18.35 18.55 21.44 16.22 15.54 16.61 19.54 19.07 18.17 <-Median-> 10 Debt/Market Cap Ratio Lg Term R
Assets/Current Liabilities Ratio 52.01 206.74 251.21 309.66 274.57 223.37 248.12 277.57 289.57 251.39 212.56 190.11 177.55 155.47 249.76 <-Median-> 10 Assets/Current Liab Ratio Intang/GW
Current Liabilities/Asset Ratio 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 <-Median-> 10 Current Liab/Asset Ratio Liquidity
Debt to Cash Flow (Years) 4.44 0.00 87.90 0.00 0.00 2033.14 0.00 164.86 0.00 80.74 154.02 102.72 83.80 187.05 82.27 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $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 #DIV/0! <-Total Growth 10 Intangibles Leverage
Goodwill $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 #DIV/0! <-Total Growth 10 Goodwill D/E Ratio
Total $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 #DIV/0! <-Total Growth 10 Total
Change 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 Change
Intangible/Market Cap Ratio 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 Intangible/Market Cap Ratio
Current Assets $80.2 $292.1 $335.0 $491.2 $567.9 $527.1 $708.2 $627.9 $653.0 $765.2 $757.4 $1,018.5 $881.1 $794.0 163.04% <-Total Growth 10 Current Assets
Current Liabilities $22.1 $57.7 $59.7 $66.4 $94.5 $125.0 $122.5 $118.1 $124.5 $149.9 $185.8 $222.4 $246.5 $290.6 312.56% <-Total Growth 10 Current Liabilities
Liquidity Ratio 3.63 5.06 5.61 7.40 6.01 4.22 5.78 5.32 5.25 5.10 4.08 4.58 3.57 2.73 5.18 <-Median-> 10 Ratio
Liq. with CF aft div 8.38 4.18 7.12 6.84 5.75 3.60 5.43 5.41 3.51 7.20 4.63 5.45 5.07 2.89 5.07 <-Median-> 5 Liq. with CF aft div If Div = 0
Liq. with CF aft div (WC) 1.83 2.30 3.39 4.12 3.51 3.05 4.02 2.65 2.59 2.97 3.88 4.47 2.31 2.99 Liq. with CF aft div (WC)
Liq. CF re  Inv+Div  5.24 2.69 6.39 6.26 3.83 3.37 4.83 2.21 2.23 2.41 4.36 4.17 3.41 2.94 3.41 <-Median-> 5 Liq. CF re  Inv+Div 
Curr Long Term Debt $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.0 <-Median-> 5 Curr Long Term Debt
Liquidity Less CLTD 3.63 5.06 5.61 7.40 6.01 4.22 5.78 5.32 5.25 5.10 4.08 4.58 3.57 2.73 4.58 <-Median-> 5 Liquidity Less CLTD
Liq. with CF aft div 8.38 1.89 7.12 3.30 3.10 3.60 3.15 5.41 2.21 7.20 4.63 5.45 5.07 2.89 5.07 <-Median-> 5 Liq. with CF aft div
Banks usually have a ratio of 1.04 or 1.05
Assets $1,149.1 $11,927.3 $15,008.6 $20,569.2 $25,953.9 $27,926.7 $30,394 $32,776 $36,037 $37,686 $39,489 $42,274 $43,764 $45,177 191.59% <-Total Growth 10 Assets
Liabilities $887.7 $11,634.2 $14,686.0 $20,119.3 $25,502.6 $27,469.2 $29,844 $32,233 $35,505 $37,124 $38,918 $41,697 $43,065 $44,373 193.24% <-Total Growth 10 Liabilities
Debt Ratio 1.29 1.03 1.02 1.02 1.02 1.02 1.02 1.02 1.01 1.02 1.01 1.01 1.02 1.02 1.02 <-Median-> 10 Ratio
Estimates BVPS $11.20 $12.70 $14.40 Estimates Estimates BVPS
Estimate Book Value $671.6 $761.6 $863.5 Estimates Estimate Book Value
P/B Ratio (Close) 3.43 3.21 2.83 Estimates P/B Ratio (Close)
Difference from 10 year median -11.19% Diff M/C Estimates Difference from 10 yr med.
Book Value $261.36 $293.04 $322.50 $449.91 $451.28 $457.53 $550.30 $543.27 $532.24 $561.66 $570.80 $577.41 $698.98 $803.08
NCI $0.00 $0.00 $0.00 $45.29 $38.55 $32.78 $27.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Preferred Shares $0.00 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39 $97.39
Net Book Value $261.36 $195.65 $225.11 $307.23 $315.34 $327.36 $424.94 $445.87 $434.85 $464.27 $473.41 $480.02 $601.59 $705.68 $705.7 $705.7 167.24% <-Total Growth 10 Book Value
Book Value per share $4.36 $3.26 $3.75 $5.12 $5.26 $5.46 $7.09 $7.44 $7.25 $7.74 $7.89 $8.00 $10.03 $11.77 $11.77 $11.77 167.24% <-Total Growth 10 Book Value per Share
Increase 21.92% -25.14% 15.06% 36.48% 2.64% 3.81% 29.81% 4.93% -2.47% 6.76% 1.97% 1.40% 25.33% 17.30% 0.00% 0.00% -19.62% P/B Ratio Current/Historical Median
P/B Ratio (Median) 4.31 5.10 4.39 3.80 4.43 3.71 3.63 3.55 3.82 4.63 3.90 5.78 3.90 3.12 3.36 0.00 4.06 P/B Ratio Historical Median
P/B Ratio (Close) 4.27 5.35 5.01 4.41 4.47 4.11 3.80 3.87 3.79 4.92 5.25 5.19 3.63 3.26 3.47 3.47 10.33% <-IRR #YR-> 10 Book Value per Share 167.24%
Change -19.32% 25.33% -6.37% -11.92% 1.35% -8.01% -7.59% 1.92% -2.24% 29.89% 6.83% -1.19% -30.08% -10.16% 6.25% 0.00% 6.17% <-IRR #YR-> 5 Book Value per Share 34.92%
Median 10 year P/B Ratio 4.31 4.61 4.39 4.35 4.39 4.35 4.31 4.18 3.94 4.06 3.86 3.86 3.86 3.86 3.76 3.72 3.86 <-Median-> 5 Median 10 year P/B Ratio
Leverage (A/BK) 4.40 60.96 66.67 66.95 82.30 85.31 71.53 73.51 82.87 81.17 83.41 88.07 72.75 64.02 0.00 82.87 <-Median-> 5 A/BV
Debt/Equity Ratio 3.40 59.47 65.24 65.49 80.87 83.91 70.23 72.29 81.65 79.96 82.21 86.87 71.59 62.88 0.00 81.65 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/B Ratios 10 yr Med 3.86 5 yr Med 3.90 -15.48% Diff M/C 72.75 Historical Leverage (A/BK)
-$3.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.03
-$7.44 $0.00 $0.00 $0.00 $0.00 $10.03
$256.27 <-12 mths -3.67%
Total Comprehensive Income $70.49 $110.33 $169.73 $101.71 $107.12 $199.74 $209.65 $163.31 $176.90 $160.41 $220.19 $266.03 141.13% <-Total Growth 10 Comprehensive Income
Increase 56.51% 53.84% -40.07% 5.32% 86.47% 4.96% -22.10% 8.32% -9.32% 37.27% 20.82% 8.32% <-Median-> 5 Comprehensive Income
5 Yr Running Average $112 $138 $158 $156 $171 $182 $186 $197 9.20% <-IRR #YR-> 10 Comprehensive Income 141.13%
ROE 36.0% 49.0% 55.2% 32.3% 32.7% 47.0% 47.0% 37.6% 38.1% 33.9% 45.9% 44.2% 4.88% <-IRR #YR-> 5 Comprehensive Income 26.89%
5Yr Median 36.0% 47.0% 47.0% 37.6% 38.1% 38.1% 38.1% 38.1% #NUM! <-IRR #YR-> 10 5 Yr Running Average #DIV/0!
% Difference from Net Income 6.5% 4.4% 2.8% 4.8% 4.5% 1.6% 2.1% -0.1% 1.6% -14.4% 14.8% 36.6% 4.60% <-IRR #YR-> 5 5 Yr Running Average 25.24%
Median Values Diff 5, 10 yr 2.5% 1.6% 38.1% <-Median-> 5 Return on Equity
-$110.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $266.0
-$209.7 $0.0 $0.0 $0.0 $0.0 $266.0
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $197.4
-$157.6 $0.0 $0.0 $0.0 $0.0 $197.4
Current Liability Coverage Ratio 5.65 1.10 2.08 1.84 0.79 1.04 1.59 1.46 0.92 0.72 2.89 4.10 0.06 0.25   CFO / Current Liabilities
5 year Median 5.65 5.26 4.86 2.08 1.84 1.10 1.59 1.46 1.04 1.04 1.46 1.46 0.92 0.72 1.25 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 10.86% 0.53% 0.83% 0.59% 0.29% 0.47% 0.64% 0.53% 0.32% 0.29% 1.36% 2.15% 0.03% 0.16% CFO / Total Assets
5 year Median 10.86% 9.55% 8.24% 0.83% 0.59% 0.53% 0.59% 0.53% 0.47% 0.47% 0.53% 0.53% 0.32% 0.29% 0.5% <-Median-> 10 Return on Assets 
Return on Assets ROA 14.05% 0.55% 0.70% 0.80% 0.37% 0.37% 0.65% 0.63% 0.45% 0.46% 0.47% 0.45% 0.44% 0.56% Net  Income/Assets Return on Assets
5Yr Median 14.66% 14.35% 14.05% 0.80% 0.70% 0.55% 0.65% 0.63% 0.45% 0.46% 0.47% 0.46% 0.45% 0.46% 0.5% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 61.76% 33.82% 46.94% 53.73% 30.78% 31.30% 46.25% 46.05% 37.60% 37.51% 39.58% 39.97% 32.36% 35.88% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 76.26% 69.01% 61.76% 53.73% 46.94% 33.82% 46.25% 46.05% 37.60% 37.60% 39.58% 39.58% 37.60% 37.51% 38.6% <-Median-> 10 Return on Equity
$248 <-12 mths 27.48%
Net Income $161.43 $70.49 $110.33 $169.73 $101.71 $107.12 $199.74 $208.08 $166.43 $177.21 $190.23 $194.56 $197.73
Preferred Shares $0.00 $4.32 $4.65 $4.65 $4.65 $4.65 $3.21 $2.75 $2.93 $3.06 $2.85 $2.70 $3.04
Net Income Shareholders $161.43 $66.18 $105.68 $165.08 $97.06 $102.47 $196.53 $205.33 $163.50 $174.16 $187.38 $191.87 $194.69 $253.2 $255.5 $285.5 84.24% <-Total Growth 10 Net Income
Increase -1.26% -59.01% 59.69% 56.21% -41.20% 5.57% 91.80% 4.48% -20.37% 6.52% 7.59% 2.39% 1.47% 30.05% 0.91% 11.74% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $121.0 $132.4 $119.1 $107.3 $133.4 $153.3 $153.0 $168.4 $185.4 $184 $182 $200.3 $216.5 $236.2 6.30% <-IRR #YR-> 10 Net Income 84.24%
Operating Cash Flow $194.8 -$456.4 $166.0 -$150.7 -$230.7 $13.4 -$131.0 $194.3 -$311.0 $458.7 $251.0 $402.9 $509.2 -1.06% <-IRR #YR-> 5 Net Income -5.18%
Investment Cash Flow -$9.7 -$131.2 $5.5 $29.7 -$48.3 -$31.8 -$11.1 -$175.0 -$174.9 -$199.6 $145.8 -$12.7 -$52.9 4.19% <-IRR #YR-> 10 5 Yr Running Average 50.73%
Total Accruals -$23.7 $653.8 -$65.8 $286.0 $376.1 $120.9 $338.6 $186.0 $649.4 -$84.9 -$209.4 -$198.3 -$261.6 3.53% <-IRR #YR-> 5 5 Yr Running Average 18.94%
Total Assets $1,149.1 $11,927.3 $15,008.6 $20,569.2 $25,953.9 $27,926.7 $30,394.5 $32,776.3 $36,037.1 $37,685.6 $39,488.5 $42,274.2 $43,763.7 Balance Sheet Assets
Accruals Ratio -2.07% 5.48% -0.44% 1.39% 1.45% 0.43% 1.11% 0.57% 1.80% -0.23% -0.53% -0.47% -0.60% -0.47% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 1.29 1.04 0.85 1.35 1.30 0.79 1.01 1.19 1.43 1.61 0.35 0.21 12.78 1.25 <-Median-> 10 EPS/CF Ratio
-$105.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $194.7
-$205.3 $0.0 $0.0 $0.0 $0.0 $194.7
-$121.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $182.3
-$153.3 $0.0 $0.0 $0.0 $0.0 $182.3
Change in Close -1.64% -6.18% 7.74% 20.21% 4.03% -4.51% 19.96% 6.94% -4.65% 38.67% 8.93% 0.19% -12.37% 5.38% 6.25% 0.00% Count 17 Years of data
up/down Down Down Count 2 11.76%
Meet Prediction? Yes % right Count 1 50.00%
Financial Cash Flow $34.0 $516.9 -$275.9 $1.7 -$56.4 $45.3 $96.5 -$34.6 -$138.5 -$138.5 $220.1 $133.0 -$556.7 C F Statement  Financial Cash Flow
Total Accruals -$57.8 $136.9 $210.1 $284.4 $432.4 $75.6 $242.1 $220.6 $787.8 $53.6 -$429.5 -$331.3 $295.1 Accruals
Accruals Ratio -5.03% 1.15% 1.40% 1.38% 1.67% 0.27% 0.80% 0.67% 2.19% 0.14% -1.09% -0.78% 0.67% 0.14% <-Median-> 5 Ratio
Cash $30.2 -$80.6 -$185.0 -$274.5 -$609.9 -$583.0 -$628.5 -$643.8 -$918.3 -$797.8 -$682.8 -$965.4 -$1,065.9 -$1,186.3 Cash
Cash per Share $0.50 -$1.34 -$3.09 -$4.58 -$10.17 -$9.72 -$10.48 -$10.74 -$15.31 -$13.30 -$11.39 -$16.10 -$17.77 -$19.78 -$15.31 <-Median-> 5 Cash per Share
Percentage of Stock Price 2.70% -7.70% -16.41% -20.25% -43.26% -43.30% -38.92% -37.28% -55.77% -34.93% -27.45% -38.74% -48.80% -51.55% -38.74% <-Median-> 5 % of Stock Price
Notes:
2011 - First National Financial Corporation (TSX: FN) wholly owns First National Financial LP.
On January 25, 2011, the Company issued 4 million Class A Series 1 Preferred Shares at a price of $25.00 per share for gross proceeds of
$100,000 before issue expenses
2010 -  First National Financial Corporation (TSX:FN) is the successor to First National Financial Income Fund, and its wholly-owned subsidiary, First National 
Financial LP, is a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. 
During 2010, the Company successfully transitioned from an income trust structure to a dividend-paying corporation, while maintaining its positive trend of strong financial results.
Sector:
Financial Services, Financial 
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I found this stock looking through dividend Stocks on on G&M Stock Screener.  It is also on the Dividend Aristocrat list, but not on the Money Sense list.
Why I bought this stock.
Note:
Dividends
Dividends are paid Monthly.    Dividends are declared in one month for shareholders of record of that month and paid in the next month.
For example, the dividends declared on February 15 was for shareholders of record of February 28 and paid on March 15, 2023
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime 
residential and commercial mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through 
securitization conduits, in each case with retained servicing.   
Shares; '%, Value $M From Years Div. Gth Tot Ret Cap Gain Div. check Shares %, Val $M Shares %, Val $M Update this each year?? Change
Date 2017 5 7.85% 13.46% 4.81% 8.66% 13.47% 2022 Sep 14 2023
Ellis, Jason 2012 10 6.53% 15.43% 6.84% 8.59% 15.43% 0.002 0.00% 0.002 0.00% 0.00%
CEO - Shares - Amount 2007 15 10.50% 15.53% 6.63% 8.90% 15.53% $0.073 $0.077
Options - percentage 2002 16 10.25% 14.88% 6.30% 8.58% 14.88% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Reuters Options Value From Years Div. Gth Tot Ret Cap Gain Div. check 0.000 $0
2018 5 5.33% 15.76% 6.93% 8.83% 15.76%
Inglis, Robert 2013 10 5.73% 13.68% 5.44% 8.24% 13.68% 0.008 0.01% 0.008 0.01% 0.00%
CFO - Shares - Amount 2008 15 4.23% 20.15% 9.03% 11.12% 20.15% $0.278 $0.293
Options - percentage 2003 17 11.89% 14.85% 6.25% 8.61% 14.85% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Wedgbury, Jeremy 0.005 0.01% 0.005 0.01% 0.00%
Officer - Shares - Amount $0.182 $0.192
Options - percentage 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Tawse, Moray 20.409 34.03% 20.404 34.03% -0.02%
Director - Shares - Amount $743.309 $783.119
Options - percentage 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Jackman, Duncan Newton Rowell 0.011 0.02% 0.011 0.02% 0.00%
Director - Shares - Amount $0.401 $0.422
Options - percentage 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Smith, Stephen 22.409 37.37% 22.409 37.37% 0.00%
Chairman - Shares - Amt $816.149 $860.071
Options - percentage 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Increase in O/S Shares 0.000 0.00% 0.000 0.00% No stock options I can see
Due to Stock Options $0.000 $0.000
Book Value $0.000 $0.000
Insider Buying $0.000 -$0.078
Insider Selling $0.000 $0.000
Net Insider Selling $0.000 -$0.078
Net Selling % of Market Cap 0.00% 0.00%
Directors 9
Women 3 33%
Minorities 0 0%
Institutions/Holdings 20 4.03%
Total Shares Held 2.415 4.03%
Increase/Decrease 3 Mths 0.040 1.67%
Starting No. of Shares 2.375
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