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 2026
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			28-Mar-26
Premium Brands Holdings Corp				TSX	PBH	OTC	PRBZF	https://www.premiumbrandsholdings.com/				Fiscal Yr:	Dec 31
Year	31-Dec-13	31-Dec-14	31-Dec-15	31-Dec-16	31-Dec-17	31-Dec-18	31-Dec-19	31-Dec-20	31-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	31-Dec-25	31-Dec-26	31-Dec-27	31-Dec-28		Value	Description	#Y	Item	Total G
Financial Year	28-Dec-13	27-Dec-14	26-Dec-15	31-Dec-16	30-Dec-17	29-Dec-18	28-Dec-19	26-Dec-20	25-Dec-21	31-Dec-22	30-Dec-23	28-Dec-24	27-Dec-25	31-Dec-26	31-Dec-27	31-Dec-28					Financial Year
Accounting Rules			IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Cost of Goods	$859.7	$993.3	$1,199.8	$1,779.7	$2,425.1	$2,425.1	$2,924.1	$3,288.7	$4,029.8	$4,929.1	$5,052.6	$5,117.9	$6,088.7	$6,396.0	<-12 mths	5.05%		407.46%	<-Total Growth	10	Cost of Goods
Change	13.19%	15.54%	20.79%	48.33%	36.26%	0.00%	20.58%	12.47%	22.53%	22.32%	2.51%	1.29%	18.97%	5.05%	<-12 mths	-73.39%		19.77%	<-Median->	10	Change
Ratio	0.80	0.80	0.81	0.96	1.10	0.80	0.80	0.81	0.82	0.82	0.81	0.79	0.81	0.81	<-12 mths	0.07%		0.81	<-Median->	10	Ratio
General Expenses less Int Inc	$172.2	$150.9	$173.1	$228.4	$349.4	$349.4	$417.6	$467.6	$471.2	$599.5	$771.1	$805.3	$849.5	$880.5	<-12 mths	3.65%		390.75%	<-Total Growth	10	General Expenses less Int Inc
Change	28.66%	-12.37%	14.74%	31.94%	52.98%	0.00%	19.52%	11.97%	0.77%	27.23%	28.62%	4.44%	5.49%	3.65%	<-12 mths	-33.51%		15.75%	<-Median->	10	Change
Ratio	0.16	0.12	0.12	0.12	0.16	0.12	0.11	0.11	0.10	0.10	0.12	0.12	0.11	0.11	<-12 mths	-1.26%		0.12	<-Median->	10	Ratio
Total	$1,031.8	$1,144.2	$1,372.9	$2,008.1	$2,774.5	$2,774.5	$3,341.7	$3,756.3	$4,501.0	$5,528.6	$5,823.7	$5,923.2	$6,938.2	$7,276.5	<-12 mths	4.88%		405.35%	<-Total Growth	10	Total
Change	15.50%	10.89%	19.99%	46.26%	38.17%	0.00%	20.44%	12.41%	19.83%	22.83%	5.34%	1.71%	17.14%	4.88%	<-12 mths	-71.55%		18.48%	<-Median->	10	Change
Ratio	0.96	0.92	0.92	1.08	1.26	0.92	0.92	0.92	0.91	0.92	0.93	0.92	0.93	0.93	<-12 mths	-0.09%		0.92	<-Median->	10	Ratio
														$7,849	<-12 mths	4.97%
Revenue*	$1,072.7	$1,241.7	$1,484.6	$1,857.5	$2,198.3	$3,025.8	$3,649.4	$4,068.9	$4,931.7	$6,029.8	$6,261.6	$6,470.5	$7,477.2	$9,300	$10,045	$10,682					Revenue
Increase	10.73%	15.75%	19.56%	25.12%	18.35%	37.64%	20.61%	11.50%	21.20%	22.27%	3.84%	3.34%	15.56%	24.38%	8.01%	6.34%		17.55%	<-IRR #YR->	10	Revenue	403.66%
5 year Running Average	$766.8	$922.5	$1,112	$1,325	$1,571	$1,962	$2,443	$2,960	$3,575	$4,341	$4,988	$5,553	$6,234	$7,108	$7,911	$8,795		12.94%	<-IRR #YR->	5	Revenue	83.76%
Revenue per Share	$49.10	$55.88	$54.66	$62.54	$71.37	$89.79	$97.84	$93.54	$110.58	$135.81	$140.99	$145.62	$167.39	$178.71	$193.02	$205.27		18.81%	<-IRR #YR->	10	5 yr Running Average	460.42%
Increase	6.19%	13.82%	-2.18%	14.41%	14.12%	25.80%	8.97%	-4.40%	18.22%	22.82%	3.82%	3.28%	14.95%	6.76%	8.01%	6.34%		16.06%	<-IRR #YR->	5	5 yr Running Average	110.61%
5 year Running Average	$38.06	$43.98	$49.05	$53.68	$58.71	$66.85	$75.24	$83.02	$92.62	$105.51	$115.75	$125.31	$140.08	$153.70	$165.15	$178.00		11.84%	<-IRR #YR->	10	Revenue per Share	206.22%
P/S (Price/Sales) Med	0.40	0.41	0.58	0.86	1.21	1.06	0.86	0.91	1.07	0.75	0.70	0.59	0.53	0.52	0.00	0.00		12.34%	<-IRR #YR->	5	Revenue per Share	78.96%
P/S (Price/Sales) Close	0.46	0.44	0.70	1.10	1.45	0.83	0.93	1.08	1.13	0.61	0.67	0.54	0.61	0.49	0.46	0.43		11.06%	<-IRR #YR->	10	5 yr Running Average	185.57%
*Revenue in M CDN $					P/S Med	20 yr	0.63	15 yr	0.70	10 yr	0.86	5 yr	0.70		-42.81%	Diff M/C		11.03%	<-IRR #YR->	5	5 yr Running Average	68.73%
			-$1,484.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$7,477.2
								-$4,068.9	$0.0	$0.0	$0.0	$0.0	$7,477.2
			-$1,112.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$6,234.2
								-$2,960.0	$0.0	$0.0	$0.0	$0.0	$6,234.2
			-$54.66	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$167.39
								-$93.54	$0.00	$0.00	$0.00	$0.00	$167.39
			-$49.05	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$140.08
								-$83.02	$0.00	$0.00	$0.00	$0.00	$140.08
														$216.40	<-12 mths	5.92%
														$4.76	<-12 mths	4.16%
Adjusted Earnings	$20.10	$20.20	$44.10	$71.30	$99.2	$121.3	$118.4	$118.4	$194.8	$215.0	$179.1	$176.5	$204.3					363.27%	<-Total Growth	10	AEPS
AEPS* Dilued	$0.95	$0.92	$1.81	$2.48	$3.33	$3.74	$3.31	$3.05	$4.48	$4.82	$4.03	$3.98	$4.57	$6.12	$7.63	$9.33		152.49%	<-Total Growth	10	AEPS
Increase	1.06%	-3.16%	96.74%	37.02%	34.27%	12.31%	-11.50%	-7.85%	46.89%	7.59%	-16.39%	-1.24%	14.82%	33.92%	24.67%	22.28%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$0.91	$0.88	$1.06	$1.42	$1.90	$2.46	$2.93	$3.18	$3.58	$3.88	$3.94	$4.07	$4.38	$4.70	$5.27	$6.33		9.70%	<-IRR #YR->	10	AEPS	-95.00%
AEPS Yield	4.19%	3.77%	4.74%	3.60%	3.23%	5.00%	3.64%	3.03%	3.57%	5.86%	4.29%	5.03%	4.49%	6.95%	8.66%	10.59%		8.42%	<-IRR #YR->	5	AEPS	-95.00%
Payout Ratio	127.68%	135.87%	72.65%	59.88%	49.25%	49.33%	61.93%	74.02%	55.41%	56.74%	74.69%	83.42%	74.40%	55.56%	44.56%	36.44%		15.23%	<-IRR #YR->	10	5 yr Running Average	95.00%
5 year Running Average	134.81%	138.17%	126.85%	104.24%	89.07%	73.40%	58.61%	58.88%	57.99%	59.49%	64.56%	68.86%	68.93%	68.96%	66.52%	58.87%		6.58%	<-IRR #YR->	5	5 yr Running Average	37.52%
Price/AEPS Median	20.85	24.71	17.52	21.74	26.01	25.38	25.48	27.78	26.44	21.06	24.34	21.71	19.23	15.31	0.00	0.00		24.86	<-Median->	10	Price/AEPS Median
Price/AEPS High	23.86	27.07	21.94	28.79	32.75	32.46	29.59	34.69	30.47	25.96	27.99	24.31	22.49	17.34	0.00	0.00		29.19	<-Median->	10	Price/AEPS High
Price/AEPS Low	17.84	22.36	13.09	14.68	19.28	18.30	21.38	20.87	22.41	16.15	20.69	19.11	15.98	13.28	0.00	0.00		19.19	<-Median->	10	Price/AEPS Low
Price/AEPS Close	23.86	26.54	21.10	27.81	30.98	20.02	27.48	33.03	28.00	17.07	23.33	19.87	22.26	14.40	11.55	9.44		25.41	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	24.12	25.71	41.51	38.10	41.60	22.48	24.32	30.43	41.13	18.37	19.51	19.62	25.56	19.28	14.40	11.55		24.94	<-Median->	10	Trailing P/AEPS Close
Median Values	Historical	in order	21.72	25.85	18.07	22.79	P/CF	5 Yrs	in order	21.71	25.96	19.11	22.26		-33.68%	Diff M/C
* Adjusted Earnings per Share
			-$1.81	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.57
								-$3.05	$0.00	$0.00	$0.00	$0.00	$4.57
			-$1.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.38
								-$3.18	$0.00	$0.00	$0.00	$0.00	$4.38
														$319.00	<-12 mths	8.21%
														$7.83	<-12 mths	18.64%
Free Cash Flow CDN$	$49.2	$57.4	$81.1	$121.5	$131.3	$164.6	$177.8	$188.8	$263.3	$285.8	$253.0	$250.8	$294.8					263.50%	<-Total Growth	10	Free Cash Flow CDN$
Basic Calculated	$2.31	$2.60	$3.32	$4.22	$4.41	$5.08	$4.97	$4.87	$6.05	$6.41	$5.70	$5.65	$6.60					98.71%	<-Total Growth	10	FCF
FCF* Basic	$2.31	$2.60	$3.32	$4.22	$4.41	$5.08	$4.97	$4.87	$6.05	$6.41	$5.70	$5.65	$6.60	$7.83	<-12 mths			98.86%	<-Total Growth	10	FCF
Increase	3.57%	12.38%	27.57%	27.11%	4.44%	15.30%	-2.24%	-1.94%	24.23%	5.95%	-11.08%	-0.88%	16.81%	18.64%	<-12 mths			10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$2.01	$2.20	$2.50	$2.94	$3.37	$3.93	$4.40	$4.71	$5.07	$5.48	$5.60	$5.74	$6.08	$6.44	<-12 mths			7.12%	<-IRR #YR->	10	FCF	-95.00%
FCF Yield	10.21%	10.65%	8.69%	6.12%	4.27%	6.79%	5.46%	4.83%	4.82%	7.79%	6.06%	7.14%	6.49%	8.89%	<-12 mths			6.27%	<-IRR #YR->	5	FCF	-95.00%
Payout Ratio	52.40%	48.05%	39.62%	35.20%	37.22%	36.32%	41.28%	46.36%	41.03%	42.67%	52.81%	58.76%	51.52%	43.42%	<-12 mths			9.29%	<-IRR #YR->	10	5 yr Running Average	95.00%
5 year Running Average	60.87%	55.18%	50.10%	45.58%	42.50%	39.28%	37.93%	39.27%	40.44%	41.53%	44.83%	48.32%	49.36%	49.83%	<-12 mths			5.25%	<-IRR #YR->	5	5 yr Running Average	29.18%
Price/FCF Median	8.56	8.74	9.55	12.78	19.66	18.68	16.98	17.40	19.58	15.83	17.21	15.29	13.32	11.97	<-12 mths			17.10	<-Median->	10	Price/FCF Median
Price/FCF High	9.79	9.57	11.97	16.93	24.75	23.90	19.72	21.73	22.57	19.52	19.79	17.12	15.57	13.55	<-12 mths			19.76	<-Median->	10	Price/FCF High
Price/FCF Low	7.32	7.91	7.14	8.63	14.57	13.47	14.25	13.07	16.59	12.15	14.63	13.46	11.06	10.38	<-12 mths			13.47	<-Median->	10	Price/FCF Low
Price/FCF Close	9.79	9.39	11.51	16.35	23.41	14.74	18.31	20.68	20.73	12.84	16.50	14.00	15.41	11.25	<-12 mths			16.42	<-Median->	10	Price/FCF Close
Trailing P/FCF Close	10.14	10.55	14.68	20.78	24.45	16.99	17.90	20.28	25.76	13.60	14.67	13.87	18.00	13.35	<-12 mths			17.95	<-Median->	10	Trailing P/FCF Close
Median Values	Historical	in order	11.17	13.77	8.27	12.17	P/CF	5 Yrs	in order	15.83	19.52	13.46	15.41		-28.94%	Diff M/C
* Free Cash Flow
			-$3.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.60
								-$4.87	$0.00	$0.00	$0.00	$0.00	$6.60
			-$2.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.08
								-$4.71	$0.00	$0.00	$0.00	$0.00	$6.08
EPS before CRA Settlement *		$12.70	$38.10
Adjusted EPS		$0.57	$1.55
Earnings difference		$7.70	$6.33
Earnings using TD EPS		$20.40	$44.43
TD EPS for 2015		$0.92	$1.81
														$0.90	<-12 mths	0.00%			Estimates		Last 12 months from Qtr
Difference Basic and Diluted	1.67%	0.00%	0.00%	0.42%	0.37%	0.33%	0.43%	0.46%	-0.66%	0.56%	0.47%	0.37%	1.10%					0.42%	<-Median->	10	Difference Basic and Diluted
EPS Basic	$0.60	$0.52	$0.48	$2.39	$2.70	$3.03	$2.35	$2.16	$3.02	$3.59	$2.12	$2.73	$0.91					89.58%	<-Total Growth	10	EPS Basic	Yahoo F
EPS Diluted*	$0.59	$0.52	$0.48	$2.38	$2.69	$3.02	$2.34	$2.15	$3.04	$3.57	$2.11	$2.72	$0.90	$5.49	$7.64	$9.81		87.50%	<-Total Growth	10	EPS Diluted	WSJ
Increase	-19.18%	-11.86%	-7.69%	395.83%	13.03%	12.27%	-22.52%	-8.12%	41.40%	17.43%	-40.90%	28.91%	-66.91%	510.00%	39.07%	28.49%		10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	2.60%	2.13%	1.26%	3.45%	2.61%	4.03%	2.57%	2.13%	2.42%	4.34%	2.24%	3.44%	0.88%	6.23%	8.67%	11.13%		6.49%	<-IRR #YR->	10	Earnings per Share	87.50%
5 year Running Average	$0.80	$0.69	$0.60	$0.94	$1.33	$1.82	$2.18	$2.52	$2.65	$2.82	$2.64	$2.72	$2.47	$2.96	$3.77	$5.31		-15.98%	<-IRR #YR->	5	Earnings per Share	-58.14%
10 year Running Average	$0.57	$0.85	$0.85	$1.00	$1.13	$1.31	$1.43	$1.56	$1.79	$2.08	$2.23	$2.45	$2.49	$2.80	$3.30	$3.98		15.19%	<-IRR #YR->	10	5 yr Running Average	311.33%
* Diluted ESP per share									E/P	10 Yrs	2.59%	5Yrs	2.42%					-0.38%	<-IRR #YR->	5	5 yr Running Average	-1.91%
			-$0.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90
								-$2.15	$0.00	$0.00	$0.00	$0.00	$0.90
			-$0.60	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.47
								-$2.52	$0.00	$0.00	$0.00	$0.00	$2.47
Dividend*														$3.40	$3.74	$4.11					Dividend*
Increase														0.00%	10.00%	9.89%					Increase
Payout Ratio EPS														61.93%	48.98%	41.90%
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Dividend*	$1.21	$1.25	$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$3.40	$3.40	$3.40	$3.40		158.56%	<-Total Growth	10	Dividends
Increase	3.15%	3.05%	5.20%	12.93%	10.44%	12.50%	11.11%	10.12%	9.97%	10.17%	10.05%	10.30%	2.41%	0.00%	0.00%	0.00%		14	1	20	Years of data, Count P, N	70.00%
Average Increases 5 Year Running	0.76%	-0.30%	2.28%	4.86%	6.95%	8.82%	10.44%	11.42%	10.83%	10.77%	10.29%	10.12%	8.58%	6.59%	4.55%	2.54%		10.20%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$1.20	$1.20	$1.23	$1.29	$1.38	$1.51	$1.67	$1.86	$2.06	$2.27	$2.51	$2.76	$2.99	$3.17	$3.31	$3.38		98.37%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	6.12%	5.50%	4.15%	2.75%	1.89%	1.94%	2.43%	2.66%	2.10%	2.69%	3.07%	3.84%	3.87%	2.66%				2.68%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	5.35%	5.02%	3.31%	2.08%	1.50%	1.52%	2.09%	2.13%	1.82%	2.19%	2.67%	3.43%	3.31%	2.13%				2.11%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	7.16%	6.08%	5.55%	4.08%	2.55%	2.70%	2.90%	3.55%	2.47%	3.51%	3.61%	4.36%	4.66%	3.55%				3.53%	<-Median->	10	Yield on Low Price	FCF Co.
Yield on Close Price	5.35%	5.12%	3.44%	2.15%	1.59%	2.46%	2.25%	2.24%	1.98%	3.32%	3.20%	4.20%	3.34%	3.86%	3.86%	3.86%		2.36%	<-Median->	10	Yield on Close Price	AEPS
Payout Ratio EPS	205.59%	240.38%	273.96%	62.39%	60.97%	61.09%	87.61%	105.00%	81.66%	76.61%	142.65%	122.06%	377.78%	105.00%	44.53%	34.66%		84.63%	<-Median->	10	DPR EPS	CFPS
DPR EPS 5 Yr Running	151.13%	174.66%	204.33%	137.00%	103.65%	82.89%	76.40%	73.75%	77.61%	80.52%	94.89%	101.58%	121.13%	73.75%	87.67%	63.72%		88.89%	<-Median->	10	DPR EPS 5 Yr Running	FCF
Payout Ratio CFPS	174.87%	130.13%	53.02%	29.42%	58.80%	45.75%	46.57%	43.20%	167.00%	125.84%	30.81%	58.29%	162.26%	43.20%	30.66%	27.42%		52.43%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	75.69%	81.01%	76.40%	55.47%	57.67%	49.22%	44.45%	43.16%	57.29%	65.65%	54.36%	56.69%	70.44%	43.16%	43.84%	41.95%		56.08%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	69.72%	66.69%	42.26%	34.32%	38.89%	36.45%	33.66%	40.43%	34.59%	33.75%	41.35%	44.98%	39.11%	40.43%	30.66%	27.42%		37.67%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	66.37%	65.10%	57.75%	48.87%	45.21%	40.53%	36.54%	36.70%	36.52%	35.51%	36.61%	38.86%	38.69%	36.70%	38.01%	34.80%		37.69%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	2.68%	2.36%	5 Yr Med	5 Yr Cl	3.07%	3.32%	5 Yr Med	Payout	122.06%	125.84%	39.11%					8.54%	<-IRR #YR->	5	Dividends	50.61%
* Dividends per share	10 Yr Med	and Cur.	44.01%	63.57%	5 Yr Med	and Cur.	25.76%	16.09%	Last Div Inc --->		$0.770	$0.850	10.39%					9.97%	<-IRR #YR->	10	Dividends	158.56%
Dividends Growth 15																		7.33%	<-IRR #YR->	15	Dividends	189.12%
Dividends Growth 20																		5.45%	<-IRR #YR->	20	Dividends
Dividends Growth 5								-$2.26	$0.00	$0.00	$0.00	$0.00	$3.40								Dividends Growth 5
Dividends Growth 10			-$1.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.40								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	$3.40								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	$3.40								Dividends Growth 20
Historical Dividends	Historical	High Div	16.25%	Low Div	1.58%	10 Yr High	4.63%	10 Yr Low	1.51%	Med Div	4.15%	Close Div	4.20%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-76.25%		144.23%	Exp.	-16.66%		155.55%	Exp.	-7.02%	Exp.	-8.09%								High/Ave/Median
Historical Dividends After Income Tr.	Historical	High Div	11.20%	Low Div	1.52%	10 Yr High	4.63%	10 Yr Low	1.51%	Med Div	3.84%	Close Div	3.34%						corp after 2009	15	Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-65.55%		153.87%	Exp.	-16.66%		155.55%	Cheap	0.49%	Exp.	15.44%								High/Ave/Median
Future Dividend Yield					Div Yield	5.81%	earning in	5	Years	at IRR of	8.54%	Div Inc.	50.61%								Future Dividend Yield
Future Dividend Yield					Div Yield	8.75%	earning in	10	Years	at IRR of	8.54%	Div Inc.	126.83%								Future Dividend Yield
Future Dividend Yield					Div Yield	13.18%	earning in	15	Years	at IRR of	8.54%	Div Inc.	241.63%								Future Dividend Yield
Future Dividend Paid					Div Paid	$5.12	earning in	5	Years	at IRR of	8.54%	Div Inc.	50.61%								Future Dividend Paid
Future Dividend Paid					Div Paid	$7.71	earning in	10	Years	at IRR of	8.54%	Div Inc.	126.83%								Future Dividend Paid
Future Dividend Paid					Div Paid	$11.62	earning in	15	Years	at IRR of	8.54%	Div Inc.	241.63%								Future Dividend Paid
Dividend Covering Cost					Total Div	$20.16	over	5	Years	at IRR of	8.54%	Div Cov.	22.88%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$45.40	over	10	Years	at IRR of	8.54%	Div Cov.	51.53%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$83.42	over	15	Years	at IRR of	8.54%	Div Cov.	94.68%								Dividend Covering Cost
Yield if held 5 years	11.61%	11.89%	9.63%	9.46%	9.28%	9.31%	9.02%	7.12%	4.61%	3.16%	3.17%	3.94%	4.01%	2.87%	3.35%	3.47%		5.86%	<-Median->	10	Paid Median Price
Yield if held 10 years	15.26%	13.51%	12.71%	13.95%	13.13%	17.66%	19.50%	16.54%	15.81%	15.47%	15.19%	14.60%	10.72%	6.31%	3.93%	3.58%		15.33%	<-Median->	10	Paid Median Price
Yield if held 15 years	5.22%	5.13%	6.38%	10.49%	13.99%	23.21%	22.16%	21.81%	23.32%	21.89%	28.80%	31.57%	24.91%	21.65%	19.24%	17.16%		22.68%	<-Median->	10	Paid Median Price
Yield if held 20 years					10.08%	7.94%	8.41%	10.95%	17.54%	23.33%	37.86%	35.89%	32.85%	31.94%	27.21%	32.54%		17.54%	<-Median->	9	Paid Median Price
Yield if held 25 years										16.80%	12.95%	13.62%	16.48%	24.03%	29.00%	42.77%		15.05%	<-Median->	4	Paid Median Price
Cost covered if held 5 years	57.56%	56.98%	44.91%	41.00%	39.06%	38.04%	36.66%	29.26%	19.06%	13.13%	13.21%	16.37%	17.64%	13.39%	16.29%	17.25%		24.16%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	140.00%	133.84%	116.99%	116.65%	103.09%	129.67%	136.24%	112.88%	106.42%	103.38%	101.31%	97.38%	76.40%	48.49%	32.21%	31.03%		104.90%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	47.87%	50.79%	66.40%	107.28%	143.45%	234.78%	223.94%	206.62%	213.17%	194.09%	249.62%	267.53%	222.38%	207.44%	196.91%	186.72%		217.78%	<-Median->	10	Paid Median Price
Cost covered if held 20 years					103.35%	80.28%	84.98%	111.38%	179.89%	240.42%	392.45%	373.19%	351.04%	362.21%	326.38%	411.53%		179.89%	<-Median->	9	Paid Median Price
Cost covered if held 25 years										173.21%	134.19%	141.62%	183.85%	292.01%	381.41%	605.28%		157.41%	<-Median->	4	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$4,068.9	$4,931.7	$6,029.8	$6,261.6	$6,470.5	$7,477.2	$7,849	<-12 mths	4.97%		83.76%	<-Total Growth	5	Revenue Growth	83.76%
AEPS Growth								$3.05	$4.48	$4.82	$4.03	$3.98	$4.57	$4.76	<-12 mths	4.16%		49.84%	<-Total Growth	5	AEPS Growth	49.84%
Net Income Growth								$83.7	$132.7	$160.1	$94.2	$121.5	$40.5	$41	<-12 mths	0.74%		-51.61%	<-Total Growth	5	Net Income Growth	-51.61%
Cash Flow Growth								$227.3	$66.3	$96.5	$433.9	$253.1	$93.6	$37	<-12 mths	-60.58%		-58.82%	<-Total Growth	5	Cash Flow Growth	-58.82%
Dividend Growth								$2.26	$2.48	$2.74	$3.01	$3.32	$3.40	$3.40	<-12 mths	0.00%		50.61%	<-Total Growth	5	Dividend Growth	50.61%
Stock Price Growth								$100.73	$125.44	$82.28	$94.03	$79.08	$101.71	$88.11	<-12 mths	-13.37%		0.97%	<-Total Growth	5	Stock Price Growth	0.97%
Revenue Growth			$1,484.6	$1,857.5	$2,198.3	$3,025.8	$3,649.4	$4,068.9	$4,931.7	$6,029.8	$6,261.6	$6,470.5	$7,477.2	$9,300	<-this year	24.38%		403.66%	<-Total Growth	10	Revenue Growth	403.66%
AEPS Growth			$1.81	$2.48	$3.33	$3.74	$3.31	$3.05	$4.48	$4.82	$4.03	$3.98	$4.57	$6.12	<-this year	33.92%		152.49%	<-Total Growth	10	AEPS Growth	152.49%
Net Income Growth			$11.7	$68.9	$80.5	$96.0	$84.2	$83.7	$132.7	$160.1	$94.2	$121.5	$40.5	$268	<-this year	560.49%		246.33%	<-Total Growth	10	Net Income Growth	246.33%
Cash Flow Growth			$67.4	$149.9	$85.9	$135.9	$164.2	$227.3	$66.3	$96.5	$433.9	$253.1	$93.6	$471	<-this year	403.16%		38.97%	<-Total Growth	10	Cash Flow Growth	38.97%
Dividend Growth			$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$3.40	$3.40	<-this year	0.00%		158.56%	<-Total Growth	10	Dividend Growth	158.56%
Stock Price Growth			$38.19	$68.96	$103.16	$74.86	$90.96	$100.73	$125.44	$82.28	$94.03	$79.08	$101.71	$122.92	<-this year	20.85%		166.33%	<-Total Growth	10	Stock Price Growth	166.33%
Dividends on Shares				$40.10	$44.28	$49.82	$55.35	$60.95	$67.03	$73.85	$81.27	$89.64	$91.80	$91.80	$91.80	$91.80		$654.08	No of Years	10	Total Divs	12/31/15
Paid			$1,031.13	$1,861.92	$2,785.32	$2,021.22	$2,455.92	$2,719.71	$3,386.88	$2,221.56	$2,538.81	$2,135.16	$2,746.17	$2,378.97	$2,378.97	$2,378.97		$2,746.17	No of Years	10	Worth	$38.19
Total																		$3,400.25
Graham Number AEPS	$14.29	$13.78	$21.89	$28.29	$34.80	$45.36	$46.25	$50.21	$63.32	$66.55	$60.06	$59.71	$52.22	$66.72	$74.49	$82.37		138.50%	<-Total Growth	10	Graham Number AEPS
Change	-0.48%	-3.56%	58.83%	29.20%	23.01%	30.35%	1.96%	8.57%	26.11%	5.10%	-9.75%	-0.57%	-12.55%	27.76%	11.66%	10.58%		6.83%	<-Median->	10	Change
Price/GP Ratio Med	1.39	1.65	1.45	1.91	2.49	2.09	1.82	1.69	1.87	1.53	1.63	1.45	1.68	1.40				1.76	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.59	1.81	1.81	2.52	3.13	2.68	2.12	2.11	2.16	1.88	1.88	1.62	1.97	1.59				2.11	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	1.19	1.49	1.08	1.29	1.84	1.51	1.53	1.27	1.59	1.17	1.39	1.27	1.40	1.22				1.39	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.59	1.77	1.74	2.44	2.96	1.65	1.97	2.01	1.98	1.24	1.57	1.32	1.95	1.32	1.18	1.07		1.96	<-Median->	10	Price/GP Ratio
Prem/Disc Close	58.60%	77.16%	74.43%	143.78%	196.48%	65.04%	96.68%	100.62%	98.11%	23.64%	56.57%	32.44%	94.78%	32.07%	18.28%	6.96%		95.73%	<-Median->	10	Graham Price
Graham Number EPS	$11.26	$10.36	$11.27	$27.71	$31.27	$40.76	$38.88	$42.16	$52.16	$57.27	$43.45	$49.36	$23.17	$63.19	$74.52	$84.47		105.53%	<-Total Growth	10	Graham Number EPS
Change	-11.00%	-8.00%	8.80%	145.78%	12.85%	30.33%	-4.60%	8.41%	23.73%	9.80%	-24.12%	13.60%	-53.06%	172.68%	17.93%	13.35%		11.33%	<-Median->	10	Change
Price/GP Ratio Med	1.76	2.19	2.81	1.95	2.77	2.33	2.17	2.01	2.27	1.77	2.26	1.75	3.79	1.48				2.21	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	2.01	2.40	3.52	2.58	3.49	2.98	2.52	2.51	2.62	2.19	2.60	1.96	4.43	1.68				2.59	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	1.50	1.98	2.10	1.31	2.05	1.68	1.82	1.51	1.92	1.36	1.92	1.54	3.15	1.29				1.75	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	2.01	2.36	3.39	2.49	3.30	1.84	2.34	2.39	2.40	1.44	2.16	1.60	4.39	1.39	1.18	1.04		2.36	<-Median->	10	Price/GP Ratio
Prem/Disc Close	101.25%	135.64%	238.72%	148.85%	229.86%	83.67%	133.92%	138.95%	140.50%	43.67%	116.39%	60.20%	338.92%	39.44%	18.24%	4.31%		136.44%	<-Median->	10	Graham Price
Month, Year	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28		30.00	<Count Years>		Month, Year
Price Close	$22.67	$24.42	$38.19	$68.96	$103.16	$74.86	$90.96	$100.73	$125.44	$82.28	$94.03	$79.08	$101.71	$88.11	$88.11	$88.11		166.33%	<-Total Growth	10	Stock Price
Increase	32.19%	7.72%	56.39%	80.57%	49.59%	-27.43%	21.51%	10.74%	24.53%	-34.41%	14.28%	-15.90%	28.62%	-13.37%	0.00%	0.00%		35.11	<-Median->	10	CAPE (10 Yr P/E)
P/E Ratio	38.42	46.96	79.56	28.97	38.35	24.79	38.87	46.85	41.26	23.05	44.56	29.07	113.01	16.05	11.54	8.98		0.19%	<-IRR #YR->	5	Stock Price	0.97%
Trailing P/E Ratio	31.05	41.39	73.44	143.67	43.34	27.83	30.12	43.05	58.34	27.07	26.34	37.48	37.39	97.90	16.05	11.54		10.29%	<-IRR #YR->	10	Stock Price	166.33%
CAPE (10 Yr P/E)	23.66	17.67	21.10	23.70	29.04	30.12	32.84	35.80	37.15	35.21	36.01	35.01	36.97	33.55	28.06	23.60		3.14%	<-IRR #YR->	5	Price & Dividend	15.81%
Median 10, 5 Yrs		D.  per yr	3.94%	2.94%	% Tot Ret	27.67%	93.82%	T P/E	$37.44	$37.39	P/E:	$38.61	$41.26					14.23%	<-IRR #YR->	10	Price & Dividend	229.76%
Price 15		D.  per yr	5.70%		% Tot Ret	28.69%						CAPE Diff	-54.29%					14.17%	<-IRR #YR->	15	Stock Price	629.63%
Price  20		D.  per yr	7.24%		% Tot Ret	35.96%												12.89%	<-IRR #YR->	20	Stock Price	1030.11%
Price  25		D.  per yr	3.07%		% Tot Ret	28.71%												7.61%	<-IRR #YR->	25	Stock Price	525.91%
Price  30		D.  per yr	3.13%		% Tot Ret	24.02%												9.89%	<-IRR #YR->	30	Stock Price
Price & Dividend 15																		19.87%	<-IRR #YR->	15	Price & Dividend	847.38%
Price & Dividend 20																		20.13%	<-IRR #YR->	20	Price & Dividend	1433.81%
Price & Dividend 25																		10.68%	<-IRR #YR->	25	Price & Dividend	759.26%
Price & Dividend 30																		13.02%	<-IRR #YR->	30	Price & Dividend
Price  5								-$100.73	$0.00	$0.00	$0.00	$0.00	$101.71								Price  5
Price 10			-$38.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.71								Price 10
Price & Dividend 5								-$100.73	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 5
Price & Dividend 10			-$38.19	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.71								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	$101.71								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	$101.71								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.71								Price  30
Price & Dividend 15	$1.21	$1.25	$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 15
Price & Dividend 20	$1.21	$1.25	$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 20
Price & Dividend 25	$1.21	$1.25	$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 25
Price & Dividend 30	$1.21	$1.25	$1.32	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$105.11								Price & Dividend 30
Price H/L Median	$19.81	$22.74	$31.71	$53.91	$86.62	$94.92	$84.36	$84.73	$118.46	$101.50	$98.10	$86.41	$87.89	$93.70				177.17%	<-Total Growth	10	Stock Price
Increase	12.08%	14.77%	39.48%	69.99%	60.69%	9.58%	-11.13%	0.44%	39.80%	-14.31%	-3.35%	-11.92%	1.72%	6.61%				10.73%	<-IRR #YR->	10	Stock Price	177.17%
P/E Ratio	33.58	43.72	66.06	22.65	32.20	31.43	36.05	39.41	38.97	28.43	46.49	31.77	97.66	17.07				0.74%	<-IRR #YR->	5	Stock Price	3.73%
Trailing P/E Ratio	27.14	38.53	60.98	112.30	36.39	35.29	27.93	36.21	55.10	33.39	27.48	40.95	32.31	104.11				15.40%	<-IRR #YR->	10	Price & Dividend	253.56%
P/E on Running 5 yr Average	24.89	33.14	52.85	57.35	65.03	52.21	38.66	33.68	44.73	35.94	37.13	31.79	35.61	31.68				4.19%	<-IRR #YR->	5	Price & Dividend	21.37%
P/E on Running 10 yr Average	34.88	26.87	37.44	53.80	77.00	72.62	58.82	54.38	66.03	48.85	43.99	35.27	35.27	33.43				23.10	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	4.66%	3.46%	% Tot Ret	30.29%	82.46%	T P/E	35.75	33.39	P/E:	34.12	38.97						Count	28	Years of data
			-$31.71	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$87.89
								-$84.73	$0.00	$0.00	$0.00	$0.00	$87.89
			-$31.71	$1.49	$1.64	$1.85	$2.05	$2.26	$2.48	$2.74	$3.01	$3.32	$91.29
								-$84.73	$2.48	$2.74	$3.01	$3.32	$91.29
High Months	Dec	Dec	Dec	Nov	Nov	Apr	Sep	Dec	Nov	Jan	Aug	Oct	Dec	Feb
Price High	$22.67	$24.90	$39.72	$71.41	$109.05	$121.41	$97.95	$105.81	$136.52	$125.15	$112.80	$96.75	$102.76	$106.12				158.71%	<-Total Growth	10	Stock Price
Increase	20.91%	9.84%	59.52%	79.78%	52.71%	11.33%	-19.32%	8.02%	29.02%	-8.33%	-9.87%	-14.23%	6.21%	3.27%				9.97%	<-IRR #YR->	10	Stock Price	158.71%
P/E Ratio	38.42	47.88	82.75	30.00	40.54	40.20	41.86	49.21	44.91	35.06	53.46	35.57	114.18	19.33				-0.58%	<-IRR #YR->	5	Stock Price	-2.88%
Trailing P/E Ratio	31.05	42.20	76.38	148.77	45.82	45.13	32.43	45.22	63.50	41.17	31.60	45.85	37.78	117.91				25.74	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	45.18	41.17	P/E:	41.20	44.91					47.88	P/E Ratio		Historical High
			-$39.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$102.76
								-$105.81	$0.00	$0.00	$0.00	$0.00	$102.76
Low Months	Jan	Apr	Jan	Jan	Jan	Nov	Mar	Mar	Jan	Nov	Jan	Nov	Apr	Mar
Price Low	$16.95	$20.57	$23.70	$36.40	$64.19	$68.43	$70.76	$63.65	$100.39	$77.85	$83.39	$76.06	$73.02	$81.28				208.10%	<-Total Growth	10	Stock Price
Increase	2.11%	21.36%	15.22%	53.59%	76.35%	6.61%	3.40%	-10.05%	57.72%	-22.45%	7.12%	-8.79%	-4.00%	11.31%				11.91%	<-IRR #YR->	10	Stock Price	208.10%
P/E Ratio	28.73	39.56	49.38	15.29	23.86	22.66	30.24	29.60	33.02	21.81	39.52	27.96	81.13	14.81				2.78%	<-IRR #YR->	5	Stock Price	14.72%
Trailing P/E Ratio	23.22	34.86	45.58	75.83	26.97	25.44	23.43	27.20	46.69	25.61	23.36	36.05	26.85	90.31				20.46	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	26.91	26.85	P/E:	28.78	33.02					5.73	P/E Ratio		Historical Low
			-$23.70	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$73.02
								-$63.65	$0.00	$0.00	$0.00	$0.00	$73.02
Free Cash Flow Mkt Sc			$37.9	$107.1	$21.0	$64.7	$76.3	$134.7	-$76.9	-$131.9	$34.2	-$146.6	-$125.4	$226.1	$380.5	$478.1		-430.87%	<-Total Growth	10	Free Cash Flow Mkt Sc
Change				182.59%	-80.39%	208.10%	17.93%	76.54%	-157.09%	-71.52%	125.93%	-528.65%	14.46%	280.30%	68.29%	25.65%		16.20%	<-Median->	10	Change
														-$170.2	<-12 mths	-35.73%
Free Cash Flow WSJ			$37.9	$107.1	$21.0	$64.7	$76.3	$134.7	-$76.9	-$131.9	$34.2	-$111.7	-$125.4	$226.1	$380.5	$478.1		-430.87%	<-Total Growth	10	Free Cash Flow WSJ
Change				182.59%	-80.39%	208.10%	17.93%	76.54%	-157.09%	-71.52%	125.93%	-426.61%	-12.26%	280.30%	68.29%	25.65%		2.83%	<-Median->	10	Change
												-$161.5	<-12 mths	-101.88%
Free Cash Flow MS OLD			$37.9	$107.1	$21.0	$64.7	$76.3	$134.7	-$79.9	-$131.9	$34.0
Change				182.59%	-80.39%	208.10%	17.93%	76.54%	-159.32%	-65.08%	125.78%
Free Cash Flow MS	-$0.45	-$25.72	$60.0	$90.0	$70.0	$100.0	$140.0	$150.0	$180.0	$130.0	-$80.0	-$40.0	$170.0	$226.1	$380.5	$478.1		183.33%	<-Total Growth	10	Free Cash Flow
Change	-102.25%	-5590.49%	333.27%	50.00%	-22.22%	42.86%	40.00%	7.14%	20.00%	-27.78%	-161.54%	50.00%	525.00%	33.00%	68.29%	25.65%		2.53%	<-IRR #YR->	5	Free Cash Flow MS	13.33%
FCF/CF from Op Ratio	-0.03	-1.21	0.89	0.60	0.81	0.74	0.85	0.66	2.71	1.35	-0.18	-0.16	1.82	0.48	0.66	0.74		10.98%	<-IRR #YR->	10	Free Cash Flow MS	183.33%
Dividends paid	$26.5	$27.8	$32.54	$42.5	$48.9	$59.7	$73.1	$86.5	$108.2	$122.5	$134.4	$148.1	$152.6	$176.9	$176.9	$176.9		368.99%	<-Total Growth	10	Dividends paid
Percentage paid			54.23%	47.22%	69.86%	59.70%	52.21%	57.67%	60.11%	94.23%	-168.00%	-370.25%	89.76%	78.26%	46.50%	37.01%		58.68%	<-Median->	10	Percentage paid
5 Year Coverage							55.81%	56.49%	58.81%	64.29%	100.90%	176.38%	184.94%	180.88%	120.16%	68.45%					5 Year Coverage
Dividend Coverage Ratio			1.84	2.12	1.43	1.68	1.92	1.73	1.66	1.06	-0.60	-0.27	1.11	1.28	2.15	2.70		1.55	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage							1.79	1.77	1.70	1.56	0.99	0.57	0.54	0.55	0.83	1.46					5 Year of Coverage
								-$150.0	$0.0	$0.0	$0.0	$0.0	$170.0
			-$60.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$170.0
Market Cap	$495.3	$542.6	$1,037.2	$2,048.1	$3,177.3	$2,522.8	$3,392.8	$4,381.8	$5,594.6	$3,653.2	$4,176.1	$3,513.9	$4,543.3	$4,585.2	$4,585.2	$4,585.2		338.05%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	21.37	22.17	24.55	28.9	29.9	32.5	36.0	39.0	43.7	44.716	44.6	44.6	44.9	51.7	51.7	44.629		82.93%	<-Total Growth	10	Diluted	MS gives #
Change	3.34%	3.77%	10.70%	17.74%	3.46%	8.70%	10.77%	8.33%	12.05%	2.32%	-0.26%	0.00%	0.67%	15.14%	0.00%	-13.68%		5.90%	<-Median->	10	Change
Difference Diluted/Basic	-0.53%	-0.49%	-0.44%	-0.35%	-0.33%	-0.31%	-0.56%	-0.51%	-0.46%	-0.26%	-0.45%	-0.45%	-0.45%	-0.39%	-0.39%	15.40%		-0.45%	<-Median->	10	Difference Diluted/Basic
Basic # of Shares in Millions	21.25	22.06	24.44	28.8	29.8	32.4	35.8	38.8	43.5	44.6	44.4	44.4	44.7	51.5	51.5	51.5		82.93%	<-Total Growth	10	Basic
Change	3.27%	3.81%	10.76%	17.86%	3.47%	8.72%	10.49%	8.38%	12.11%	2.53%	-0.45%	0.00%	0.68%	15.21%	0.00%	0.00%		5.93%	<-Median->	10	Change
Difference Basic/Outstanding	2.81%	0.71%	11.14%	3.13%	3.36%	4.01%	4.19%	12.11%	2.53%	-0.45%	0.03%	0.08%	-0.07%	1.05%	-100.00%	-100.00%		2.83%	<-Median->	10	Difference Basic/Outstanding
														$36.9	<-12 mths	-60.58%
Class A Shares																					Class A Shares	Share Capital
Class B Shares																					Class B Shares
# of Share in Millions	21.850	22.220	27.158	29.7	30.8	33.7	37.3	43.5	44.6	44.4	44.412	44.435	44.669	52.040	52.040	52.040		5.10%	<-IRR #YR->	10	Shares	64.48%
Change	4.28%	1.69%	22.22%	9.36%	3.70%	9.42%	10.68%	16.62%	2.53%	-0.45%	0.03%	0.05%	0.53%	16.50%	0.00%	0.00%		0.53%	<-IRR #YR->	5	Shares	2.69%
Cash Flow from Operations $M	$15.2	$21.3	$67.4	$149.9	$85.9	$135.9	$164.2	$227.3	$66.3	$96.5	$433.9	$253.1	$93.6	$471.0	$577.1	$645.3		38.97%	<-Total Growth	10	Cash Flow
Increase	-70.18%	40.83%	215.55%	122.57%	-42.70%	58.21%	20.82%	38.43%	-70.83%	45.55%	349.64%	-41.67%	-63.02%	403.16%	22.54%	11.81%		Share Issues	S.O.		Conv. Cl B, Debt
5 year Running Average	$31.2	$30.1	$36.8	$60.9	$67.9	$92.1	$120.7	$152.6	$135.9	$138.0	$197.6	$215.4	$188.7	$269.6	$365.7	$408.0		412.15%	<-Total Growth	10	CF 5 Yr Running
CFPS	$0.69	$0.96	$2.48	$5.05	$2.79	$4.03	$4.40	$5.23	$1.49	$2.17	$9.77	$5.70	$2.10	$9.05	$11.09	$12.40		-15.51%	<-Total Growth	10	Cash Flow per Share
Increase	-71.41%	38.48%	158.18%	103.52%	-44.74%	44.59%	9.16%	18.70%	-71.55%	46.21%	349.52%	-41.70%	-63.21%	331.90%	22.54%	11.81%		3.35%	<-IRR #YR->	10	Cash Flow	38.97%
5 year Running Average	$1.59	$1.48	$1.60	$2.32	$2.39	$3.06	$3.75	$4.30	$3.59	$3.46	$4.61	$4.87	$4.24	$5.76	$7.54	$8.07		-16.26%	<-IRR #YR->	5	Cash Flow	-58.82%
P/CF on Med Price	28.56	23.67	12.79	10.68	31.06	23.54	19.16	16.22	79.68	46.70	10.04	15.17	41.94	10.35	0.00	0.00		-1.67%	<-IRR #YR->	10	Cash Flow per Share	-15.51%
P/CF on Closing Price	32.68	25.42	15.40	13.66	36.99	18.56	20.66	19.28	84.38	37.86	9.62	13.88	48.54	9.74	7.94	7.11		-16.70%	<-IRR #YR->	5	Cash Flow per Share	-59.90%
															-54.40%	Diff M/C		10.21%	<-IRR #YR->	10	CFPS 5 yr Running	164.47%
														$416.50	<-12 mths	7.26%
Excl.Working Capital CF	$22.9	$20.3	$17.2	-$21.4	$44.0	$34.7	$63.0	$15.6	$253.8	$263.3	-$110.6	$74.9	$294.7	$0.0	$0.0	$0.0		-0.26%	<-IRR #YR->	5	CFPS 5 yr Running	-1.28%
CF fr Op $M WC	$38.0	$41.6	$84.5	$128.5	$129.9	$170.6	$227.2	$242.9	$320.1	$359.8	$323.3	$328.0	$388.3	$471.0	$577.1	$645.3		359.51%	<-Total Growth	10	Cash Flow less WC
Increase	-14.56%	9.56%	102.90%	52.07%	1.09%	31.33%	33.18%	6.91%	31.78%	12.40%	-10.14%	1.45%	18.38%	21.29%	22.54%	11.81%		16.47%	<-IRR #YR->	10	Cash Flow less WC	359.51%
5 year Running Average	$35.9	$38.2	$48.9	$67.4	$84.5	$111.0	$148.1	$179.8	$218.1	$264.1	$294.7	$314.8	$343.9	$374.1	$417.5	$481.9		9.84%	<-IRR #YR->	5	Cash Flow less WC	59.86%
CFPS Excl. WC	$1.74	$1.87	$3.11	$4.33	$4.22	$5.06	$6.09	$5.58	$7.18	$8.10	$7.28	$7.38	$8.69	$9.05	$11.09	$12.40		21.55%	<-IRR #YR->	10	CF less WC 5 Yr Run	603.90%
Increase	-18.07%	7.74%	66.01%	39.05%	-2.52%	20.03%	20.32%	-8.33%	28.53%	12.91%	-10.17%	1.40%	17.76%	4.11%	22.54%	11.81%		13.85%	<-IRR #YR->	5	CF less WC 5 Yr Run	91.25%
5 year Running Average	$1.81	$1.84	$2.12	$2.64	$3.05	$3.72	$4.56	$5.06	$5.63	$6.40	$6.85	$7.11	$7.73	$8.10	$8.70	$9.72		10.82%	<-IRR #YR->	10	CFPS - Less WC	179.37%
P/CF on Median Price	11.39	12.13	10.19	12.46	20.54	18.75	13.85	15.17	16.50	12.53	13.48	11.71	10.11	10.35	0.00	0.00		9.26%	<-IRR #YR->	5	CFPS - Less WC	55.68%
P/CF on Closing Price	13.03	13.03	12.27	15.94	24.46	14.79	14.93	18.04	17.48	10.15	12.92	10.71	11.70	9.74	7.94	7.11		13.79%	<-IRR #YR->	10	CFPS 5 yr Running	263.95%
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	21.35	5 yr	41.94	P/CF Med	10 yr	13.66	5 yr	12.53		-28.74%	Diff M/C		8.85%	<-IRR #YR->	5	CFPS 5 yr Running	52.82%
			-27.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	44.7								Shares
								-43.5	0.0	0.0	0.0	0.0	44.7								Shares
			-$67.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$93.6								Cash Flow
								-$227.3	$0.0	$0.0	$0.0	$0.0	$93.6								Cash Flow
			-$2.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.10								Cash Flow per Share
								-$5.23	$0.00	$0.00	$0.00	$0.00	$2.10								Cash Flow per Share
			-$1.60	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.24								CFPS 5 yr Running
								-$4.30	$0.00	$0.00	$0.00	$0.00	$4.24								CFPS 5 yr Running
			-$84.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$388.3								Cash Flow less WC
								-$242.9	$0.0	$0.0	$0.0	$0.0	$388.3								Cash Flow less WC
			-$48.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$343.9								CF less WC 5 Yr Run
								-$179.8	$0.0	$0.0	$0.0	$0.0	$343.9								CF less WC 5 Yr Run
			-$3.11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.69								CFPS - Less WC
								-$5.58	$0.00	$0.00	$0.00	$0.00	$8.69								CFPS - Less WC
			-$2.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.73								CFPS 5 yr Running
								-$5.06	$0.00	$0.00	$0.00	$0.00	$7.73								CFPS 5 yr Running
Change in non-cash working capital	-$22.66	-$20.28	-$17.14
Accounts receivable				$4.0	-$21.5	-$11.1	-$26.0	-$28.7	-$122.8	-$90.9	$78.1	$12.0	-$99.0
Interest on Advances to investments											-$54.7	-$47.4	-$54.4
Inventories				$11.0	-$33.0	-$13.0	-$62.7	-$39.2	-$153.1	-$104.8	$35.1	-$89.7	-$167.1
Prepaid expenses				-$0.4	-$1.4	-$2.7	-$3.8	-$2.6	-$5.0	-$7.5	-$5.3	-$14.1	-$0.6
Accounts payable and accrued liabilities				$6.8	$10.0	-$8.3	$29.5	$54.9	$27.1	-$60.1	$57.4	$64.3	$26.4
Deferred Revenue?					$1.9	$0.4
Accrued interest income	-$0.03	-$0.02	-$0.02
Change in discontinued operations’ non-cash working capital
Change in value of cash conversion option	-$0.17
Sum	-$22.86	-$20.30	-$17.15	$21.4	-$44.0	-$34.7	-$63.0	-$15.6	-$253.8	-$263.3	$110.6	-$74.9	-$294.7
Google --> TD 2017	-$22.86	-$20.30	-$17.15	$21.4	-$44	-$35	-$63	-$16	-$254	-$263	$111	-$75	-$295
Difference	$0.00	$0.00	$0.00	$0.0	$0	$0	$0	$0	$0	$0	$0	$0	$0
OPM Ratio	1.41%	1.72%	4.54%	8.07%	3.91%	4.49%	4.50%	5.59%	1.34%	1.60%	6.93%	3.91%	1.25%	5.06%				-72.41%	<-Total Growth	10	OPM
Increase	-73.07%	21.67%	163.92%	77.88%	-51.58%	14.94%	0.18%	24.16%	-75.93%	19.04%	332.99%	-43.55%	-68.00%	304.54%					Should increase		or be stable.
Diff from Median	-66.4%	-59.1%	8.0%	92.1%	-7.0%	6.9%	7.1%	33.0%	-68.0%	-61.9%	64.9%	-6.9%	-70.2%	20.5%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	4.20%	5 Yrs	1.60%					should be	zero, it is a		check on calculations
														$692.3	<-12 mths	2.99%
Adjusted EBITDA	$76.1	$69.7	$111.6	$154.8	$190.2	$251.3	$307.7	$312.6	$430.7	$504.2	$559.1	$593.7	$672.2	$881.8	$992.8	$1,085.0		502.33%	<-Total Growth	10	Adjusted EBITDA
Change	11.48%	-8.35%	60.03%	38.71%	22.87%	32.12%	22.44%	1.59%	37.78%	17.07%	10.89%	6.19%	13.22%	31.18%	12.59%	9.29%		19.75%	<-Median->	10	Change
Margin	7.09%	5.62%	7.52%	8.33%	8.65%	8.31%	8.43%	7.68%	8.73%	8.36%	8.93%	9.18%	8.99%	9.48%	9.88%	10.16%		8.54%	<-Median->	10	Margin
														$496.1	<-12 mths	7.52%
EBIT									$295.9	$372.7	$412.4	$414.2	$461.4	$634.6	$737.5	$853.2			<-Total Growth	4	EBIT
Change										25.95%	10.65%	0.44%	11.40%	37.54%	16.21%	15.69%		11.02%	<-Median->	4	Change
Margin									6.00%	6.18%	6.59%	6.40%	6.17%	6.82%	7.34%	7.99%		6.18%	<-Median->	5	Margin
Long Term Debt	$125.16	$211.29	$202.79	$154.40	$417.9	$726.4	$603.0	$525.6	$1,074.0	$1,421.4	$1,510.4	$1,921.1	$1,813.4	$2,160.4							Debt	Type
Change	-11.91%	68.82%	-4.02%	-23.86%	170.66%	73.82%	-16.99%	-12.84%	104.34%	32.35%	6.26%	27.19%	-5.61%	19.14%				16.73%	<-Median->	10	Change	Lg Term R
Ratio to Market Cap	0.25	0.39	0.20	0.08	0.13	0.29	0.18	0.12	0.19	0.39	0.36	0.55	0.40	0.47				0.24	<-Median->	10	% of Market C.	Intang/GW
Assets/Current Liabilities Ratio	2.66	6.14	5.37	5.93	5.47	6.02	6.49	7.17	7.59	8.99	8.09	6.22	4.28	4.35				6.36	<-Median->	10	Assets/Current Liabilities	Liquidity
Debt to Cash Flow (Years)	8.26	9.90	3.01	1.03	4.86	5.35	3.67	2.31	16.20	14.73	3.48	7.59	19.37	4.59				5.11	<-Median->	10	Debt to Cash Flow (Years)	Liq. + CF
																						Debt Ratio
Intangibles	$75.10	$71.55	$79.66	$320.30	$201.2	$452.9	$490.2	$517.9	$526.3	$558.5	$540.6	$555.9	$536.7	$763.0				573.71%	<-Total Growth	10	Intangibles	Leverage
Goodwill	$168.93	$174.85	$209.47	$149.80	$439.1	$776.9	$780.2	$853.4	$1,001.2	$1,093.0	$1,084.1	$1,133.9	$1,112.7	$1,529.8				431.20%	<-Total Growth	10	Goodwill	D/E Ratio
Total	$244.02	$246.39	$289.13	$470.10	$640.3	$1,229.8	$1,270.4	$1,371.3	$1,371.3	$1,371.3	$1,371.3	$1,371.3	$1,371.3	$892.6				374.28%	<-Total Growth	10	Total
Change	7.76%	0.97%	17.35%	62.59%	36.21%	92.07%	3.30%	7.94%	0.00%	0.00%	0.00%	0.00%	0.00%	-34.91%				1.65%	<-Median->	10	Change
Ratio to Market Cap	0.49	0.45	0.28	0.23	0.20	0.49	0.37	0.31	0.25	0.38	0.33	0.39	0.30	0.19				0.32	<-Median->	10	% of Market C.
Current Assets	$211.2	$254.3	$320.2	$378.7	$464.1	$696.2	$780.5	$1,224.6	$1,212.0	$1,426.3	$1,328.0	$1,501.9	$1,701.2	$2,164.2				431.29%	<-Total Growth	10	Current Assets
Current Liabilities	$251.7	$120.3	$159.5	$188.9	$266.8	$406.8	$452.5	$493.8	$581.2	$564.8	$637.9	$932.7	$1,388.0	$1,689.7				770.06%	<-Total Growth	10	Current Liabilities
Liquidity Ratio	0.84	2.11	2.01	2.00	1.74	1.71	1.72	2.48	2.09	2.53	2.08	1.61	1.23	1.28				1.87	<-Median->	10	Ratio
Liq. with CF aft div	0.79	2.06	2.21	2.56	1.87	1.89	1.92	2.74	2.01	2.48	2.55	1.72	1.18	1.44				2.01	<-Median->	5	Ratio
Liq. CF re  Inv+Div	0.67	1.50	1.46	1.14	0.87	0.71	1.36	1.84	0.84	1.54	1.74	1.29	1.18	1.44				1.29	<-Median->	5	Ratio
Curr Long Term Debt	$113.222	$2.645	$1.920	$1.9	$1.8	$10.8	$7.7	$7.7	$7.7	$6.5	$2.0	$1.0	$1.0	$0.9
Liquidity Less CLTD	1.52	2.16	2.03	2.03	1.75	1.76	1.75	2.52	2.11	2.55	2.09	1.61	1.23	1.28				2.09	<-Median->	5	Ratio
Liq. with CF aft div	1.44	2.11	2.23	2.59	1.88	1.94	1.95	2.78	2.04	2.51	2.56	1.73	1.18	1.44				2.04	<-Median->	5	Ratio
Assets	$670.3	$739.1	$856.2	$1,121.1	$1,459.5	$2,450.5	$2,937.1	$3,541.9	$4,408.9	$5,078.6	$5,158.1	$5,803.8	$5,947.4	$7,344.6				594.65%	<-Total Growth	10	Assets
Liabilities	$460.8	$360.0	$414.1	$439.9	$747.5	$1,266.4	$1,501.9	$1,518.2	$2,304.0	$2,787.0	$2,907.1	$3,735.4	$4,292.0	$5,037.4				936.42%	<-Total Growth	10	Liabilities
Debt Ratio	1.45	2.05	2.07	2.55	1.95	1.94	1.96	2.33	1.91	1.82	1.77	1.55	1.39	1.46				1.92	<-Median->	10	Ratio
Estimates BVPS														$46.49	$50.33	$56.07			Estimates		Estimates BVPS
Estimate Book Value														$2,419.3	$2,619.2	$2,917.9			Estimates		Estimate Book Value
P/B Ratio (Close)														1.90	1.75	1.57			Estimates		P/B Ratio (Close)
Difference from 10 year median															-16.56%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$209.5	$379.1	$442.0	$681.2	$712.0	$1,184.1	$1,435.2	$2,023.7	$2,104.9	$2,291.6	$2,251.0	$2,068.4	$1,655.4	$2,307.2				274.48%	<-Total Growth	10	Book Value
Book Value per share	$9.59	$17.06	$16.28	$22.94	$23.12	$35.14	$38.48	$46.52	$47.20	$51.61	$50.68	$46.55	$37.06
P/B Ratio (Median)	2.07	1.33	1.95	2.35	3.75	2.70	2.19	1.82	2.51	1.97	1.94	1.86	2.37
									P/BV	10 yr Med	2.27	5 yr Med	1.97
NCI	0.65	0.62	0.56	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00							NCI
Convertible Debentures		$174.5	$121.8	$254.8	$214.3	$360.2	$364.0	$425.7	$331.0	$478.6	$484.5	$299.2	$470.9	$625.1							Convertible Debentures	Convertible unsecured subordinated debentures
Book Value	$208.9	$204.0	$319.7	$425.9	$497.7	$823.9	$1,071.2	$1,598.0	$1,773.9	$1,813.0	$1,766.5	$1,769.2	$1,184.5	$1,682.1	$1,682.1	$1,682.1		270.56%	<-Total Growth	10	Book Value
Book Value per share	$9.56	$9.18	$11.77	$14.34	$16.16	$24.45	$28.72	$36.74	$39.77	$40.83	$39.78	$39.82	$26.52	$32.32	$32.32	$32.32		125.29%	<-Total Growth	10	Book Value per Share
Change	-2.00%	-3.97%	28.23%	21.83%	12.68%	51.30%	17.47%	27.92%	8.27%	2.66%	-2.59%	0.10%	-33.40%	21.89%	0.00%	0.00%		49.19%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	2.07	2.48	2.69	3.76	5.36	3.88	2.94	2.31	2.98	2.49	2.47	2.17	3.31	2.90				1.83	P/B Ratio		Historical Median
P/B Ratio (Close)	2.37	2.66	3.24	4.81	6.38	3.06	3.17	2.74	3.15	2.02	2.36	1.99	3.84	2.73	2.73	2.73		8.46%	<-IRR #YR->	10	Book Value per Share	125.29%
Change	34.88%	12.17%	21.96%	48.21%	32.75%	-52.04%	3.44%	-13.43%	15.02%	-36.11%	17.32%	-15.98%	93.12%	-28.93%	0.00%	0.00%		-6.31%	<-IRR #YR->	5	Book Value per Share	-27.82%
Leverage (A/BK)	3.21	3.62	2.68	2.63	2.93	2.97	2.74	2.22	2.49	2.80	2.92	3.28	5.02	4.37				2.92	<-Median->	5	A/BV
Debt/Equity Ratio	2.21	1.77	1.30	1.03	1.50	1.54	1.40	0.95	1.30	1.54	1.65	2.11	3.62	2.99				1.65	<-Median->	5	Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities)									P/BV	10 yr Med	2.96	5 yr Med	2.49		-7.84%	Diff M/C		2.56	Historical		Leverage (A/BK)
			-$11.77	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$26.52
								-$36.74	$0.00	$0.00	$0.00	$0.00	$26.52
														$26.80	<-12 mths	-19.52%
Comprehensive Income	$17.85	$16.97	$33.49	$64.3	$69.7	$115.7	$72.7	$74.2	$138.6	$182.3	$88.9	$137.1	$33.3					-0.58%	<-Total Growth	10	Comprehensive Income
NCI	-$0.15	-$0.03	-$0.06	-$0.1	-$0.1	-$0.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0								NCI
Shareholders	$18.00	$17.01	$33.55	$64.4	$69.8	$115.8	$72.7	$74.2	$138.6	$182.3	$88.9	$137.1	$33.3					-0.75%	<-Total Growth	10	Comprehensive Income
Increase	33.64%	-5.50%	97.28%	91.94%	8.39%	65.90%	-37.22%	2.06%	86.79%	31.53%	-51.23%	54.22%	-75.71%					31.53%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$15.39	$15.16	$18.98	$29.3	$40.6	$60.1	$71.3	$79.4	$94.2	$116.7	$111.3	$124.2	$116.0					-0.08%	<-IRR #YR->	10	Comprehensive Income	-0.75%
ROE	8.6%	8.3%	10.5%	15.1%	14.0%	14.1%	6.8%	4.6%	7.8%	10.1%	5.0%	7.7%	2.8%					-14.81%	<-IRR #YR->	5	Comprehensive Income	-55.12%
5Yr Median	8.6%	8.3%	8.3%	8.6%	10.5%	14.0%	14.0%	14.0%	7.8%	7.8%	6.8%	7.7%	7.7%					3.10%	<-IRR #YR->	10	5 Yr Running Average	511.27%
% Difference from NI	41.84%	48.84%	186.92%	-6.47%	-13.29%	20.63%	-13.66%	-11.35%	4.45%	13.87%	-5.63%	12.84%	-17.78%					7.89%	<-IRR #YR->	5	5 Yr Running Average	46.18%
Median Values										Diff	5, 10 yr	-6.1%	4.4%					7.7%	<-Median->	5	Return on Equity
			-$33.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$33.3
								-$74.2	$0.0	$0.0	$0.0	$0.0	$33.3
			-$19.0	-$29.3	-$40.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$116.0
								-$79.4	$0.0	$0.0	$0.0	$0.0	$116.0
Current Liability Coverage Ratio	0.06	0.18	0.42	0.79	0.32	0.33	0.36	0.46	0.11	0.17	0.68	0.27	0.07	0.28							CFO / Current Liabilities
5 year Median	0.23	0.22	0.22	0.22	0.32	0.33	0.36	0.36	0.33	0.33	0.36	0.27	0.17	0.27				0.17	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	2.26%	2.89%	7.87%	13.37%	5.89%	5.55%	5.59%	6.42%	1.50%	1.90%	8.41%	4.36%	1.57%	6.41%							CFO / Total Assets
5 year Median	7.6%	4.8%	4.8%	7.9%	5.9%	5.9%	5.9%	5.9%	5.6%	5.5%	5.6%	4.4%	1.9%	4.4%				1.9%	<-Median->	5	Return on Assets
Return on Assets ROA	1.89%	1.55%	1.37%	6.14%	5.52%	3.92%	2.87%	2.36%	3.01%	3.15%	1.83%	2.09%	0.68%	3.64%				Net	Income/Assets		Return on Assets
5Yr Median	2.48%	2.08%	1.89%	1.89%	1.89%	3.92%	3.92%	3.92%	3.01%	3.01%	2.87%	2.36%	2.09%	2.09%				2.1%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	6.08%	5.60%	3.66%	16.17%	16.17%	11.65%	7.86%	5.24%	7.48%	8.83%	5.33%	6.87%	3.42%	15.90%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	7.37%	6.27%	6.08%	6.08%	6.08%	11.65%	11.65%	11.65%	7.86%	7.86%	7.48%	6.87%	6.87%	6.87%				6.9%	<-Median->	5	Return on Equity
														$40.80	<-12 mths	0.74%
Net Income	$12.54	$11.39	$11.64	$68.8	$80.5	$96.0	$84.2	$83.7	$132.7	$160.1	$94.2	$121.5	$40.5					248.06%	<-Total Growth	10	Net Income
NCI	-$0.15	-$0.03	-$0.06	-$0.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0					100.00%	<-Total Growth	10	NCI
Shareholders	$12.69	$11.43	$11.69	$68.9	$80.5	$96.0	$84.2	$83.7	$132.7	$160.1	$94.2	$121.5	$40.5	$267.5	$511.6	$513.8		246.33%	<-Total Growth	10	Net Income
Increase	-15.74%	-9.95%	2.35%	488.83%	16.91%	19.25%	-12.29%	-0.59%	58.54%	20.65%	-41.16%	28.98%	-66.67%	560.49%	91.25%	0.43%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$15.1	$13.6	$13	$24	$37	$54	$68	$83	$95	$111	$111	$118	$110	$136.8	$207.1	$291.0		13.23%	<-IRR #YR->	10	Net Income	246.33%
Operating Cash Flow	$15.2	$21.3	$67.4	$149.9	$85.9	$135.9	$164.2	$227.3	$66.3	$96.5	$433.9	$253.1	$93.6					-13.51%	<-IRR #YR->	5	Net Income	-51.61%
Investment Cash Flow	-$48.4	-$44.6	-$81.6	-$236.5	-$310.5	-$683.3	-$185.7	-$242.9	-$808.9	-$343.6	-$299.2	-$315.3	$33.1					24.04%	<-IRR #YR->	10	5 Yr Running Average	762.27%
Total Accruals	$45.9	$34.7	$26.0	$155.5	$305.1	$643.4	$105.7	$99.3	$875.3	$407.2	-$40.5	$183.7	-$86.2					5.84%	<-IRR #YR->	5	5 Yr Running Average	32.85%
Total Assets	$670.3	$739.1	$856.2	$1,121.1	$1,459.5	$2,450.5	$2,937.1	$3,541.9	$4,408.9	$5,078.6	$5,158.1	$5,803.8	$5,947.4						Balance Sheet		Assets
Accruals Ratio	6.85%	4.69%	3.04%	13.87%	20.90%	26.26%	3.60%	2.80%	19.85%	8.02%	-0.79%	3.17%	-1.45%					3.17%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	0.34	0.28	0.15	0.55	0.64	0.60	0.38	0.39	0.42	0.44	0.29	0.37	0.10					0.40	<-Median->	10	EPS/CF Ratio
			-$11.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$40.5
								-$83.7	$0.0	$0.0	$0.0	$0.0	$40.5
			-$12.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$109.8
								-$82.7	$0.0	$0.0	$0.0	$0.0	$109.8
Change in Close	32.19%	7.72%	56.39%	80.57%	49.59%	-27.43%	21.51%	10.74%	24.53%	-34.41%	14.28%	-15.90%	28.62%	-13.37%	0.00%	0.00%			Count	31	Years of data
up/down		down			down	down	down			down	down								Count	20	64.52%
Meet Prediction?						yes				yes								% right	Count	5	25.00%
Financial Cash Flow	$30.9	$31.2	$16.1	$94.7	$220.3	$551.7	-$185.7	$360.2	$396.1	$242.0	-$118.5	$83.8	-$146.6						C F Statement		Financial Cash Flow
Total Accruals	$15.1	$3.5	$9.9	$60.8	$84.8	$91.7	$291.4	-$260.9	$479.2	$165.2	$78.0	$99.9	$60.4								Accruals
Accruals Ratio	2.25%	0.47%	1.16%	5.42%	5.81%	3.74%	9.92%	-7.37%	10.87%	3.25%	1.51%	1.72%	1.02%					1.72%	<-Median->	5	Ratio
Cash	$1.4	$9.5	$11.3	$19.4	$15.1	$19.4	$18.4	$363.0	$16.5	$11.4	$27.6	$49.2	$29.3	$11.4							Cash
Cash per Share	$0.07	$0.43	$0.41	$0.65	$0.49	$0.58	$0.49	$8.34	$0.37	$0.26	$0.62	$1.11	$0.66	$0.22				$0.62	<-Median->	5	Cash per Share
Percentage of Stock Price	0.29%	1.74%	1.09%	0.95%	0.48%	0.77%	0.54%	8.28%	0.29%	0.31%	0.66%	1.40%	0.64%	0.25%				0.64%	<-Median->	5	% of Stock Price
Notes
July 3, 2026.  Last estimates were for 2025, 2026, 2027 of $7318M, $7987M, $8896M Revenue, $5.09, $6.64, $8.52 AEPS, $3.70, $6.13, $9.11 EPS, $3.44, $3.75, $4.32 Dividends,
$158.8M, $108.7M, $399M FCF, $8.45, $9.68, $10.88 CFPS, $685.5M, $777.5M, $875.4M EBITDA, $40.72, $43.78, $51.83 BVPS, $168M, $270M, $408M Net Income.
Jun 29, 2025.  Last estimates were for 2024, 2025  and 2026 of n $6689M, $7226M, $8242M for Revenue, $4.91, $6.32, $9.47 for AEPS, 3.28, $5.52 2024/5 EPS,
$3.40, $3.66 2024/5 Dividends, $54.8M, $242.5M FCF, $6.25, $9.63 2024/5 CFPS, $636.5M, $710.5M, $846.8M EBITDA, $40.30, $41.90 2024/5 for BVPS, $181M, $246M 2024/5 Net Income.
June 26, 2024.  Last estimates were for 2023, 2024 and 2025 of $6540M, $6944M, $7625M Revenue, $4.77, $5.61, $7.92 AEPS, $6.06, $7.57, $9.31 FCF, $4.77, $5.61, $7.34 EPS,
$3.08, $3.39 2023/4 Dividend, $228M, $237M, $413M FCF, $10.10, $9.09 2023/4 CFPS, $519.1M, $647.7M, $721.4M EBITDA, $41.30, $42.40 2023/4 BVPS, $304M, $249M, $326M Net Income.
June 25, 2023.  Last estimates were for 2022. 2023 and 2024 of $5173M, $6122M and $6503M for Revnenue, $5.33, $6.39 and $7.21 for EPS,
$2.80 and $3.08 2022/3 for Div., $298M, $34M6 and $415M for FCF, $9.18, $9.33 for 2022/3 for CFPS, and $232M, $304M and $322M for Net Income.
June 30, 2022.  Last estimates were for 2021, 2022 and 2023 of $4638M, $5036M and $5299M for Revenue, $4.26, $5.28 and $6.14 for EPS,
$2.54 and $2.79 for Dividends 2021-22, $207M, $267M and $370M for FCF, $9.26 and $7.54 for CFPS for 2021-22, and $183M and $237M for Net Income for 2021-22.
June 27, 2021.  Last estimates were for 2020, 2021 and 2022 of $3797M, $4190M and $4293M for Revenue, $2.49, $3.88 and $4.67 for EPS,
$2.31 and $2.54 and $2.54 for Dividends, $116M, $191M and $279M for FCF, $5.61 and $6.75 for 2020 and 2021 for CFPS.
June 27, 2020.  Last estimates were for 2019, 2020 and 2021 of $3632M, $3879M and $4037M for Revenue, $3.91, $4.72 and $5.18 for EPS,
$6.94 and $7.74 for CPFS for 2019 and 2020 and $138M, $1658M for 2019 and 2020 for Net Income.
July 1, 2019.  Last estimates were for 2018, 2019 and 2020 of $3010M, $3441M and $3775M for Revenue, $4.5, $5.24 and $6.28 for EPS,
$4.72 and $6.14 for CFPS for 2018 and 2019 and $133M and $157M for Net Income for 2018 and 2019.
July 2 , 2018.  Last estimates were for 2017, 2018 and 2019 of $2213M, $2411M and $2663M for Revenue, $3.08, $3.65 and $4.95 for EPS,
$$4.22 and $4.68 for CFPS for 2017 and 2018 and $897M and $104M for 2017 and 2018 for Net Income.
July 1, 2017.  Last estimates were for 2016, 2017 and 2018 of 1821M, $2014M and $2178M for Revenue, $2.01, $2.53 and $3.50 for EPS, $3.41, $3.46 and $3.18 for CFPS
and $55.8M and  $70.7M for Net Income for 2016 and 2017.
*Excludes the write-off of certain deferred tax assets resulting from a settlement agreement with Canada Revenue Agency (see Results of
Operations – Income Taxes – CRA Settlement).
This company was an income trust as Premium Brands Income Fund until July 21, 2009.
2005. Company changed to Premium Brands Income Fund.
1999.  The company was called Fletcher's Fine Foods Ltd. Then changed its name to Primium Brands Inc.
1995.  Prior to June 27, 1995 shares were held privately.
Sector
Consumer Staple, Consumer
What should this stock accomplish?
It might settle into a stock with a moderate dividend with moderate growth.  That would be a dividend in the 2% range and increases around 10 to 12%.
Would I buy this company and Why.
Would I buy this company and Why.
Yes.  It seems like a well run dividend growth company.
Why am I following this stock.
I was looking for another stock to follow and I found this as one of the top stocks in TD Bank's Canadian Equity Fund in 2016.
Dividends
Dividends are paid in Cycle 1, that is January, April, July and October.  They are declared for shareholders in one month and paid in the following month.
For example, the January 15, 2016 dividend was for shareholders of record of December 31, 2015.
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.
Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State
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	2018	Jul 1	2019	Jun 27	2020	Jun 27	2021	Jun 30	2022	Jun 25	2023	Jun 26	2024	Jun 29	2025			Jul 4	2026
Paleologou, George	1.00%	0.355	0.95%	0.363	0.84%	0.378	0.85%	0.388	0.87%	0.397	0.89%	0.403	0.91%	0.428	0.96%			0.431	0.97%			0.73%
CEO - Shares - Amount	$25.274		$32.280		$36.597		$47.443		$48.641		$32.655		$37.877		$33.861				$43.870
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000				$0.000
Kalutycz, William Dion	0.45%	0.156	0.42%	0.161	0.37%	0.153	0.34%	0.130	0.29%	0.110	0.25%	0.109	0.25%	0.102	0.23%			0.096	0.22%			-5.87%
CFO - Shares - Amount	$11.304		$14.188		$16.249		$19.207		$16.313		$9.078		$10.269		$8.088				$9.792
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000				$0.000
Goss, Douglas Owen	0.09%	0.034	0.09%	0.034	0.08%	0.035	0.08%	0.035	0.08%	0.035	0.08%	0.035	0.08%	0.035	0.08%			0.035	0.08%			0.00%
Officer - Shares - Amount	$2.378		$3.051		$3.427		$4.432		$4.432		$2.907		$3.322		$2.794				$3.593
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000				$0.000
Sposari, Stephen												0.092	0.21%	0.096	0.22%			0.096	0.22%		Subsidiary Executive	0.00%
Officer - Shares - Amount													$8.611		$7.621				$9.802		Last update May 2025
Options - percentage												0.000	0.00%	0.000	0.00%			0.000	0.00%			#DIV/0!
Options - amount													$0.000		$0.000				$0.000
Ciampi, Johnny	0.04%	0.015	0.04%	0.015	0.03%	0.015	0.03%	0.015	0.03%	0.015	0.03%	0.015	0.03%	0.022	0.05%			0.022	0.05%			0.00%
Director - Shares - Amount	$1.123		$1.365		$1.511		$1.882		$1.882		$1.235		$1.411		$1.740				$2.238
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.001	0.00%	0.002	0.00%	0.003	0.01%	0.005	0.01%			0.006	0.01%			28.44%
Options - amount	$0.000		$0.000		$0.000		$0.046		$0.142		$0.175		$0.311		$0.379				$0.627
Dea, Thomas Philip												0.054	0.12%	0.107	0.24%			0.107	0.24%			0.00%
Director - Shares - Amount													$5.046		$8.499				$10.932
Options - percentage												0.001	0.00%	0.002	0.00%			0.003	0.01%			66.10%
Options - amount													$0.053		$0.149				$0.318
Hodge, John Bruce	0.61%	0.206	0.55%	0.206	0.47%	0.206	0.46%	0.336	0.75%	0.336	0.76%	0.336	0.76%	0.339	0.76%			0.339	0.76%			0.00%
Chairman - Shares - Amt	$15.451		$18.774		$20.790		$25.890		$42.124		$27.631		$31.576		$26.793				$34.460
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.001	0.00%	0.003	0.01%			0.006	0.01%			62.91%
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.101		$0.274				$0.574
Increase in O/S Shares	0.00%	0.100	0.30%	0.007	0.02%	0.011	0.03%	0.049	0.11%	0.070	0.16%	0.021	0.05%	0.044	0.10%			0.034	0.08%		Average	0.10%
Due to SO	$0.000		$7.486		$0.653		$1.015		$4.898		$8.842		$1.750		$4.162				$2.721
Book Value	$4.000		$0.400		$0.900		$1.400		$6.100		$5.800		$2.000		$3.500				$3.500		only amt given
Insider Buying	-$0.027		-$0.027		$0.043		-$0.126		$0.000		$0.000		$0.000		-$5.433				$0.000
Insider Selling	$0.626		$0.626		$0.000		$0.000		$0.000		$0.000		$0.000		$1.257				$0.000
Net Insider Selling	$0.599		$0.599		$0.043		-$0.126		$0.000		$0.000		$0.000		-$4.176				$0.000
Net Selling % of Market Cap	0.02%		0.02%		0.00%		0.00%		0.00%		0.00%		0.00%		-0.12%				0.00%
Directors		6		8		8		8		8		9		9				9
Women	17%	1	17%	1	13%	2	25%	2	25%	3	38%	3	33%	3	33%			2	22%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	1	13%	1	11%	1	11%			0	0%
Institutions/Holdings				20	33.97%	20	44.97%			20	36.12%	20	27.15%	20	24.85%			20	22.00%
Total Shares Held				12.670	29.13%	19.563	44.97%			16.119	36.30%	12.059	27.15%	11.156	25.11%			11.437	25.60%
Increase/Decrease 3 Mths				-0.707	-5.28%	0.087	0.45%			0.025	0.15%	-0.108	-0.89%	-0.929	-7.69%			-0.097	-0.84%
Starting No. of Shares				13.377	Top 20 MS	19.476	Top 20 MS			16.094	Top 20 MS	12.167	Top 20 MS	12.086	Top 20 MS			11.533	Top 20 MS
Institutions/Holdings	26.72%
Institutions Holdings Amount	########
Total Shares Held	29.67%
Amount Held	########
Increase/Decrease 3 Mths	0.00%
Starting No. of Shares	Morningstar
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