This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2025
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Parkland Fuel Corp TSX: PKI OTC: PKIUF https://www.parkland.ca/en Fiscal Yr: Dec 31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
Split date
Split
$28,177 <-12 mths -0.45%
Revenue* $4,133.6 $5,663.4 $7,527.6 $6,299.6 $6,266.0 $9,560.5 $14,442 $18,453 $14,011 $21,468 $35,462 $32,452 $28,303 $28,577 $28,944 $30,504 275.99% <-Total Growth 10 Revenue
Increase 3.85% 37.01% 32.92% -16.31% -0.53% 52.58% 51.06% 27.77% -24.07% 53.22% 65.19% -8.49% -12.79% 0.97% 1.28% 5.39% 14.16% <-IRR #YR-> 10 Revenue 275.99%
5 year Running Average $3,079 $3,742 $4,844 $5,521 $5,978 $7,063 $8,819 $11,004 $12,547 $15,587 $20,767 $24,369 $26,339 $29,252 $30,748 $29,756 8.93% <-IRR #YR-> 5 Revenue 53.38%
Revenue per Share $60.81 $78.88 $91.67 $67.12 $65.11 $72.85 $108.04 $124.51 $93.37 $139.24 $202.15 $184.62 $162.73 $163.88 $165.98 $174.93 18.45% <-IRR #YR-> 10 5 yr Running Average 443.78%
Increase -1.68% 29.71% 16.21% -26.78% -2.99% 11.89% 48.30% 15.24% -25.01% 49.13% 45.17% -8.67% -11.86% 0.71% 1.28% 5.39% 19.07% <-IRR #YR-> 5 5 yr Running Average 139.36%
5 year Running Average $53.00 $59.32 $69.60 $72.07 $72.72 $75.13 $80.96 $87.53 $92.78 $107.60 $133.46 $148.78 $156.42 $170.52 $175.87 $170.43 5.91% <-IRR #YR-> 10 Revenue per Share 77.51%
P/S (Price/Sales) Med 0.26 0.23 0.22 0.35 0.39 0.38 0.34 0.33 0.37 0.28 0.16 0.20 0.24 0.22 0.00 0.00 5.50% <-IRR #YR-> 5 Revenue per Share 30.69%
P/S (Price/Sales) Close 0.31 0.23 0.24 0.35 0.43 0.37 0.32 0.38 0.43 0.25 0.15 0.23 0.20 0.23 0.23 0.22 8.43% <-IRR #YR-> 10 5 yr Running Average 124.73%
*'Net Revenue in M CDN $  P/S Med 20 yr  0.27 15 yr  0.26 10 yr  0.33 5 yr  0.24 -30.33% Diff M/C 12.31% <-IRR #YR-> 5 5 yr Running Average 78.71%
-$7,528 $0 $0 $0 $0 $0 $0 $0 $0 $0 $28,303
-$18,453 $0 $0 $0 $0 $28,303
-$4,844 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,339
-$11,004 $0 $0 $0 $0 $26,339
-$91.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $162.73
-$124.51 $0.00 $0.00 $0.00 $0.00 $162.73
$378.52 <-12 mths -31.92%
$2.18 <-12 mths -31.66%
Distributable CF CDN$ $129.9 $136.5 $107.0 $109.8 $120 $151 $416 $564 $481 $660 $818 $812 $556 419.63% <-Total Growth 10 Distributed CF CDN$ Estimates
DCF $1.91 $1.90 $1.90 $1.30 $1.26 $1.29 $3.15 $3.84 $3.23 $4.34 $5.11 $4.61 $3.19 $4.02 $5.23 67.89% <-Total Growth 10 DCF TD
Increase -3.05% -0.52% 0.00% -31.58% -3.08% 2.38% 144.19% 21.90% -15.89% 34.37% 17.74% -9.78% -30.80% 26.02% 30.10% 10 0 10 Years of Data, DCF P or N 100.00%
DCF Yield 10.09% 10.29% 8.74% 5.58% 4.48% 4.80% 9.16% 8.05% 8.00% 12.48% 17.06% 10.79% 9.81% 10.51% 13.68% 5.32% <-IRR #YR-> 10 DCF 67.89%
5 year Running Average $1.65 $1.71 $1.79 $1.80 $1.65 $1.53 $1.78 $2.17 $2.55 $3.17 $3.93 $4.23 $4.10 $4.25 $4.43 -3.64% <-IRR #YR-> 5 DCF -16.93%
Payout Ratio 53.40% 54.49% 55.52% 82.68% 88.93% 89.09% 37.10% 30.96% 37.44% 28.33% 20.88% 29.18% 43.57% 35.57% 27.53% 8.64% <-IRR #YR-> 10 5 yr Running Average 129.08%
5 year Running Average 73.55% 68.92% 63.24% 59.78% 67.00% 74.14% 70.67% 65.75% 56.71% 44.59% 30.94% 29.36% 31.88% 31.51% 31.35% 13.57% <-IRR #YR-> 5 5 yr Running Average 88.93%
Price/DCF Median 8.38 9.47 10.65 18.10 20.35 21.63 11.53 10.82 10.67 8.93 6.27 7.90 12.46 8.81 0.00 11.18 <-Median-> 10 Price/DCF Median
Price/DCF  High 10.06 10.63 12.08 20.70 24.80 24.92 14.57 12.61 15.15 10.25 7.70 9.70 14.99 9.98 0.00 14.78 <-Median-> 10 Price/DCF  High
Price/DCF  Low 6.70 8.32 9.23 15.51 15.89 18.33 8.50 9.03 6.19 7.61 4.84 6.10 9.93 7.64 0.00 8.77 <-Median-> 10 Price/DCF  Low
Price/DCF  Close 9.91 9.72 11.44 17.92 22.33 20.81 10.92 12.42 12.50 8.01 5.86 9.26 10.19 9.51 7.31 11.67 <-Median-> 10 Price/DCF  Close
Trailing Price/DCF Close 9.61 9.67 11.44 12.26 21.64 21.31 26.66 15.15 10.52 10.76 6.90 8.36 7.05 11.99 9.51 11.51 <-Median-> 10 Trailing Price/DCF Close
Median Values Historical   in order 9.47 10.63 7.98 9.91 P/CF 5 Yrs   in order 8.93 10.25 6.19 9.26 6.53% Diff M/C DPR 75% to 95% best
$427.00 <-12 mths 5.43%
$1.68 <-12 mths -26.84%
Adjusted Profit CDN$ $85 $92 $50 $39 $47 $82 $206 $357 $124 $372 $468 $626 $405
Basic $1.28 $1.31 $0.66 $0.45 $0.50 $0.70 $1.56 $2.43 $0.83 $2.46 $2.93 $3.56 $2.32
AEPS* Dilued $1.22 $1.26 $0.66 $0.45 $0.49 $0.69 $1.53 $2.39 $0.82 $2.45 $2.91 $3.50 $2.29 $3.57 $3.74 $4.32 246.97% <-Total Growth 10 AEPS
Increase 67.12% 3.28% -47.62% -31.82% 8.89% 40.82% 121.74% 56.21% -65.69% 198.78% 18.78% 20.24% -34.55% 55.90% 4.76% 15.51% 10 0 10 Years of Data, EPS P or N 100.00%
AEPS Yield 6.44% 6.82% 3.04% 1.93% 1.74% 2.57% 4.45% 5.01% 2.03% 7.05% 9.71% 8.19% 7.04% 9.34% 9.78% 11.30% 13.25% <-IRR #YR-> 10 AEPS 246.97%
5 year Running Average $0.88 $0.95 $0.89 $0.86 $0.82 $0.71 $0.76 $1.11 $1.18 $1.58 $2.02 $2.41 $2.39 $2.94 $3.20 $3.48 -0.85% <-IRR #YR-> 5 AEPS -4.18%
Payout Ratio 83.61% 82.17% 159.82% 238.87% 228.67% 166.57% 76.39% 49.74% 147.48% 50.19% 36.67% 38.44% 60.70% 40.06% 38.50% 33.33% 10.40% <-IRR #YR-> 10 5 yr Running Average 168.96%
5 year Running Average 143.28% 131.08% 137.06% 141.38% 158.63% 175.22% 174.06% 152.05% 133.77% 98.07% 72.09% 64.50% 66.69% 45.21% 42.87% 42.21% 16.61% <-IRR #YR-> 5 5 yr Running Average 115.65%
Price/AEPS Median 13.12 14.29 30.67 52.30 52.32 40.43 23.75 17.38 42.02 15.82 11.02 10.41 17.36 9.92 0.00 0.00 20.56 <-Median-> 10 Price/AEPS Median
Price/AEPS High 15.75 16.02 34.77 59.80 63.78 46.59 29.99 20.26 59.67 18.16 13.53 12.78 20.89 11.24 0.00 0.00 25.44 <-Median-> 10 Price/AEPS High
Price/AEPS Low 10.48 12.55 26.56 44.80 40.86 34.28 17.50 14.51 24.38 13.48 8.51 8.04 13.84 8.60 0.00 0.00 16.00 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 15.52 14.66 32.94 51.76 57.41 38.91 22.48 19.96 49.26 14.19 10.30 12.21 14.20 10.71 10.22 8.85 21.22 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 25.93 15.14 17.25 35.29 62.51 54.80 49.84 31.18 16.90 42.40 12.23 14.68 9.29 16.70 10.71 10.22 33.24 <-Median-> 10 Trailing P/AEPS Close
Median Values Historical   in order 17.36 20.26 13.84 17.38 P/CF 5 Yrs   in order 15.82 18.16 13.48 14.19 -32.28% Diff M/C DPR 75% to 95% best
$1.11 <-12 mths 54.17%
EPS Basic $1.28 $1.31 $0.66 $0.45 $0.50 $0.70 $1.56 $2.60 $0.55 $0.64 $1.94 $2.68 $0.73 10.61% <-Total Growth 10 EPS Basic
EPS Diluted* $1.22 $1.26 $0.66 $0.45 $0.49 $0.69 $1.53 $2.55 $0.54 $0.64 $1.92 $2.63 $0.72 $2.46 $3.40 $4.32 9.09% <-Total Growth 10 EPS Diluted
Increase 67.12% 3.28% -47.62% -31.82% 8.89% 40.82% 121.74% 66.67% -78.82% 18.52% 200.00% 36.98% -72.62% 241.94% 38.18% 26.98% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Increases 38.64% 29.90% 13.79% -38.36% -59.84% -45.24% 131.82% 466.67% 10.20% -7.25% 25.49% 3.14% 33.33% 284.69% 77.19% 64.26% 6.67% <-Median-> 10 5 year Increases
Earnings Yield 6.4% 6.8% 3.0% 1.9% 1.7% 2.6% 4.4% 5.3% 1.3% 1.8% 6.4% 6.2% 2.2% 6.44% 8.90% 11.30% 0.87% <-IRR #YR-> 10 Earnings per Share 9.09%
5 year Running Average $0.88 $0.95 $0.89 $0.86 $0.82 $0.71 $0.76 $1.14 $1.16 $1.19 $1.44 $1.66 $1.29 $1.67 $2.23 $2.71 -22.35% <-IRR #YR-> 5 Earnings per Share -71.76%
10 year Running Average $0.89 $0.96 $1.01 $0.99 $0.89 $0.79 $0.86 $1.02 $1.01 $1.00 $1.07 $1.21 $1.22 $1.42 $1.71 $2.07 3.78% <-IRR #YR-> 10 5 yr Running Average 44.94%
* Diluted ESP per share  E/P 10 Yrs 2.39% 5Yrs 2.21% 2.47% <-IRR #YR-> 5 5 yr Running Average 12.96%
-$0.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.72
-$0.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.29
-$1.14 $0.00 $0.00 $0.00 $0.00 $1.29
$244 <-12 mths 0.41%
Dividend Paid in Cash  $22.6 $24.5 $27.2 $63.8 $97.0 $102.0 $114.0 $136 $132 $121 $237 $243 $244 <-12 mths Dividend Paid in Cash 
As a Percentage of Net Income 24.62% 49.07% 68.93% 135.17% 117.86% 49.51% 29.84% 165.85% 136.08% 39.03% 50.32% 191.34% 124.49% <-12 mths 93.40% <-Median-> 10 As a Percentage of Net Inc
As a Percentage of Cash Flow 14.64% 19.07% 19.59% 43.17% 44.11% 17.83% 13.51% 17.69% 10.69% 8.28% 14.29% 16.88% 15.97% <-12 mths 17.28% <-Median-> 10 As a Percentage of CF
Calculated Dividends $74 $87 $101 $108 $151 $156 $176 $181 $190 $187 $236 $242 $249
% Calc Div to Dividend Pd in Cash 30.45% 28.26% 26.99% 59.16% 64.31% 65.29% 64.70% 74.95% 69.62% 64.64% 100.24% 100.51%
Dividend* $1.44 $1.46 $1.49 Estimates Dividend*
Increase 3.38% 1.74% 1.92% Estimates Increase
Payout Ratio EPS 58.37% 42.97% 34.49% Estimates Payout Ratio EPS
Comments
Pre-split 07 Pre-split 07
Special Dividend $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00% <-Median-> 10 Special Dividend
Pre-split 02
Pre-split 07 Pre-split 07
Dividend* $1.0200 $1.0353 $1.0548 $1.0749 $1.1205 $1.1493 $1.1688 $1.1889 $1.2093 $1.2297 $1.0670 $1.3450 $1.3900 $1.4300 $1.4400 $1.4400 31.78% <-Total Growth 10 Dividends
Increase -1.92% 1.50% 1.88% 1.91% 4.24% 2.57% 1.70% 1.72% 1.72% 1.69% -13.23% 26.05% 3.35% 2.88% 0.70% 0.00% 19 3 36 Years of data, Count P, N 52.78%
5 year Increases -19.05% -17.83% -16.29% 3.36% 9.85% 11.01% 10.81% 10.61% 7.93% 7.00% -8.71% 13.13% 14.94% 16.29% 34.96% 7.06% 10.23% <-Median-> 10 5 year Increases
Dividends 5 Yr Running $1.32 $1.12 $1.08 $1.05 $1.06 $1.09 $1.11 $1.14 $1.17 $1.19 $1.17 $1.21 $1.25 $1.29 15.36% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 6.37% 5.75% 5.21% 4.57% 4.37% 4.12% 3.22% 2.86% 3.51% 3.17% 3.33% 3.69% 3.50% 4.04% 3.50% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 5.31% 5.13% 4.60% 3.99% 3.59% 3.57% 2.55% 2.46% 2.47% 2.76% 2.71% 3.01% 2.91% 3.56% 2.84% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 7.97% 6.55% 6.02% 5.33% 5.60% 4.86% 4.36% 3.43% 6.05% 3.72% 4.31% 4.78% 4.39% 4.66% 4.58% <-Median-> 10 Yield on Low Price DCF
Yield on Close Price 5.39% 5.61% 4.85% 4.62% 3.98% 4.28% 3.40% 2.49% 2.99% 3.54% 3.56% 3.15% 4.28% 3.74% 3.77% 3.77% 3.55% <-Median-> 10 Yield on Close Price AEPS
Payout Ratio EPS 83.61% 82.17% 159.82% 238.87% 228.67% 166.57% 76.39% 46.62% 223.94% 192.14% 55.57% 51.14% 193.06% 58.08% 42.33% 33.33% 179.35% <-Median-> 10 DPR EPS CFPS
DPR EPS 5 Yr Running 150.91% 117.97% 121.58% 120.95% 130.04% 153.09% 145.77% 99.87% 100.63% 99.93% 81.67% 72.95% 96.76% 77.18% 0.00% 0.00% 100.28% <-Median-> 10 DPR EPS 5 Yr Running FCF 
Payout Ratio CFPS 50.84% 55.83% 50.60% 45.18% 65.24% 57.59% 33.89% 19.64% 19.43% 20.97% 14.12% 13.28% 15.75% 16.67% 15.66% 15.33% 20.31% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 92.27% 74.12% 72.89% 53.77% 52.83% 54.18% 47.90% 36.57% 30.03% 25.21% 20.12% 16.86% 16.17% 15.78% 0.00% 0.00% 33.30% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 49.62% 48.06% 67.50% 72.58% 72.96% 68.59% 27.31% 20.88% 23.60% 15.35% 12.80% 14.25% 16.79% 16.67% 15.66% 15.33% 22.24% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 76.89% 61.31% 60.36% 58.54% 60.36% 64.63% 52.86% 38.88% 31.88% 23.99% 18.65% 16.50% 15.93% 15.15% 0.00% 0.00% 35.38% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 3.50% 3.55% 5 Yr Med 5 Yr Cl 3.50% 3.54% 5 Yr Med Payout 192.14% 15.75% 15.35% 3.17% <-IRR #YR-> 5 Dividends 16.91%
* Dividends per share  10 Yr Med and Cur. 7.51% 6.10% 5 Yr Med and Cur. 7.71% 6.48% Last Div Inc ---> $0.3500 $0.3600 2.86% 2.80% <-IRR #YR-> 10 Dividends 31.78%
Dividends Growth 15 0.66% <-IRR #YR-> 15 Dividends 10.32%
Dividends Growth 20 4.53% <-IRR #YR-> 20 Dividends 142.44%
Dividends Growth 25 17.44% <-IRR #YR-> 25 Dividends 5460.00%
Dividends Growth 30 15.89% <-IRR #YR-> 30 Dividends 8240.00%
Dividends Growth 35 13.47% <-IRR #YR-> 35 Dividends
Dividends Growth 40 13.07% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$1.19 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 5
Dividends Growth 10 -$1.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 Dividends Growth 40
Historical Dividends Historical High Div 13.63% Low Div 1.00% 10 Yr High 6.00% 10 Yr Low 2.46% Med Div 3.50% Close Div 3.54% Historical Dividends
High/Ave/Median Values Curr diff Exp. -72.37%     276.57% Exp. -37.24% 53.08% Cheap 7.59% Cheap 6.48% High/Ave/Median 
Adjusted Historical Dividends Historical High Div 12.46% Low Div 2.47% 10 Yr High 6.00% 10 Yr Low 2.46% Med Div 4.12% Close Div 4.28% Conv. 2010 Adjust. Historical Dividends
High/Ave/Median Values Curr diff Exp. -69.78%     52.46% Exp. -37.24% 53.08% Exp. -8.60% Exp. -11.93% High/Ave/Median 
Future Dividend Yield Div Yield 4.40% earning in 5.00 Years at IRR of 3.17% Div Inc. 16.91% Future Dividend Yield
Future Dividend Yield Div Yield 5.15% earning in 10.00 Years at IRR of 3.17% Div Inc. 36.69% Future Dividend Yield
Future Dividend Yield Div Yield 6.02% earning in 15.00 Years at IRR of 3.17% Div Inc. 59.81% Future Dividend Yield
Future Dividend Paid Div Paid $1.68 earning in 5 Years at IRR of 3.17% Div Inc. 16.91% Future Dividend Paid
Future Dividend Paid Div Paid $1.97 earning in 10 Years at IRR of 3.17% Div Inc. 36.69% Future Dividend Paid
Future Dividend Paid Div Paid $2.30 earning in 15 Years at IRR of 3.17% Div Inc. 59.81% Future Dividend Paid
Dividend Covering Cost Total Div $7.67 over 5 Years at IRR of 3.17% Div Cov. 20.06% Dividend Covering Cost
Dividend Covering Cost Total Div $14.96 over 10 Years at IRR of 3.17% Div Cov. 39.12% Dividend Covering Cost
Dividend Covering Cost Total Div $23.48 over 15 Years at IRR of 3.17% Div Cov. 61.39% Dividend Covering Cost
Yield if held 5 years 6.96% 9.67% 10.57% 9.17% 10.55% 7.18% 6.49% 5.87% 5.14% 4.80% 3.82% 3.70% 3.35% 4.15% 3.72% 4.49% 5.51% <-Median-> 10 Paid Median Price
Yield if held 10 years 16.76% 19.61% 16.46% 16.00% 11.32% 7.84% 10.92% 11.92% 10.32% 11.58% 6.67% 7.47% 6.87% 6.08% 5.62% 5.16% 10.62% <-Median-> 10 Paid Median Price
Yield if held 15 years 84.12% 74.17% 54.56% 72.67% 67.74% 18.89% 22.14% 18.55% 18.00% 12.43% 7.28% 12.56% 13.93% 12.20% 13.56% 9.00% 18.28% <-Median-> 10 Paid Median Price
Yield if held 20 years 108.32% 57.04% 78.47% 83.87% 89.94% 94.79% 83.73% 61.49% 81.76% 74.34% 17.53% 25.47% 21.68% 21.29% 14.55% 9.83% 78.05% <-Median-> 10 Paid Median Price
Yield if held 25 years 65.84% 94.60% 87.45% 120.81% 122.05% 64.40% 88.45% 94.35% 98.71% 88.00% 96.36% 71.90% 96.68% 87.05% 23.66% 91.40% <-Median-> 10 Paid Median Price
Yield if held 30 years 74.33% 106.63% 98.38% 132.58% 113.31% 74.10% 103.41% 111.57% 115.59% 118.76% 103.41% <-Median-> 7 Paid Median Price
Yield if held 35 years 85.53% 124.66% 116.34% 155.26% 152.92% 105.10% <-Median-> 2 Paid Median Price
Cost covered if held 5 years 45.11% 52.45% 54.24% 44.58% 49.96% 33.96% 30.94% 28.17% 24.80% 23.19% 21.02% 16.63% 15.02% 18.75% 17.22% 21.98% 26.49% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 179.15% 215.46% 184.99% 183.52% 128.11% 82.21% 104.47% 111.40% 94.38% 105.95% 70.59% 64.49% 59.01% 52.26% 49.22% 46.27% 99.43% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 954.19% 901.84% 704.38% 991.07% 951.94% 268.46% 320.92% 273.95% 270.42% 188.20% 122.23% 160.89% 173.97% 149.52% 168.77% 114.61% 269.44% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 1237.48% 698.16% 1019.94% 1152.24% 1273.99% 1402.42% 1300.76% 999.33% 1385.67% 1311.40% 364.83% 435.32% 371.32% 366.62% 255.63% 170.31% 1213.11% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 811.12% 1237.04% 1208.24% 1720.22% 1814.62% 1004.95% 1444.17% 1607.65% 1751.26% 1886.03% 1733.47% 1322.14% 1822.52% 1714.74% 480.60% 1663.94% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 1165.23% 1748.47% 1683.09% 2361.30% 2437.32% 1337.73% 1908.47% 2111.81% 2286.80% 2467.06% 1748.47% <-Median-> 7 Paid Median Price
Cost covered if held 35 years 1549.32% 2308.20% 2208.79% 3080.65% 3185.46% 1928.76% <-Median-> 2 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $18,453 $14,011 $21,468 $35,462 $32,452 $28,303 $28,177 <-12 mths -0.45% 53.38% <-Total Growth 5 Revenue Growth  53.38%
DCF Growth $3.84 $3.23 $4.34 $5.11 $4.61 $3.19 $2.18 <-12 mths -31.66% -16.93% <-Total Growth 5 A DCF Growth -16.93%
AEPS Growth $2.39 $0.82 $2.45 $2.91 $3.50 $2.29 $1.68 <-12 mths -26.84% -4.18% <-Total Growth 5 AEPS Growth -4.18%
Net Income Growth $382 $82 $97 $310 $471 $127 $196 <-12 mths 54.33% -66.75% <-Total Growth 5 Net Income Growth -66.75%
Cash Flow Growth $897 $934 $904 $1,326 $1,780 $1,535 $1,604 <-12 mths 4.50% 71.13% <-Total Growth 5 Cash Flow Growth 71.13%
Dividend Growth $1.19 $1.21 $1.23 $1.07 $1.35 $1.39 $1.43 <-12 mths 2.88% 16.91% <-Total Growth 5 Dividend Growth 16.91%
Stock Price Growth $47.71 $40.39 $34.77 $29.96 $42.71 $32.51 $38.24 <-12 mths 17.63% -31.86% <-Total Growth 5 Stock Price Growth -31.86%
Revenue Growth  $7,528 $6,300 $6,266 $9,561 $14,442 $18,453 $14,011 $21,468 $35,462 $32,452 $28,303 $28,577 <-this year 0.97% 275.99% <-Total Growth 10 Revenue Growth  275.99%
DCF Growth $1.90 $1.30 $1.26 $1.29 $3.15 $3.84 $3.23 $4.34 $5.11 $4.61 $3.19 $4.02 <-this year 26.02% 67.89% <-Total Growth 10 A DCF Growth 67.89%
AEPS Growth $0.66 $0.45 $0.49 $0.69 $1.53 $2.39 $0.82 $2.45 $2.91 $3.50 $2.29 $3.57 <-this year 55.90% 246.97% <-Total Growth 10 AEPS Growth 246.97%
Net Income Growth $50 $39 $47 $82 $206 $382 $82 $97 $310 $471 $127 $432 <-this year 240.00% 154.64% <-Total Growth 10 Net Income Growth 154.64%
Cash Flow Growth $171 $223 $165 $262 $461 $897 $934 $904 $1,326 $1,780 $1,535 $1,496 <-this year -2.54% 796.66% <-Total Growth 10 Cash Flow Growth 796.66%
Dividend Growth $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $1.39 $1.44 <-this year 3.38% 31.78% <-Total Growth 10 Dividend Growth 31.78%
Stock Price Growth $21.74 $23.29 $28.13 $26.85 $34.39 $47.71 $40.39 $34.77 $29.96 $42.71 $32.51 $38.24 <-this year 17.63% 49.54% <-Total Growth 10 Stock Price Growth 49.54%
Dividends on Shares $49.45 $51.54 $52.87 $53.76 $54.69 $55.63 $56.57 $49.08 $61.87 $63.94 $65.78 $66.24 $66.24 $549.40 No of Years 10 Total Divs 12/31/14
Paid  $1,000.04 $1,071.34 $1,293.98 $1,235.10 $1,581.94 $2,194.66 $1,857.94 $1,599.42 $1,378.16 $1,964.66 $1,495.46 $1,759.04 $1,759.04 $1,759.04 $1,495.46 No of Years 10 Worth $21.74
Total $2,044.86
Graham No. AEPS $11.94 $13.14 $10.15 $9.36 $9.60 $13.95 $21.54 $26.65 $15.34 $26.61 $32.51 $37.74 $30.62 $38.15 $39.04 $41.96 201.68% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 1.34 1.37 1.99 2.51 2.67 2.00 1.69 1.56 2.25 1.46 0.99 0.96 1.30 0.93 1.62 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.61 1.54 2.26 2.87 3.26 2.30 2.13 1.82 3.19 1.67 1.21 1.18 1.56 1.05 1.97 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.07 1.20 1.73 2.15 2.09 1.70 1.24 1.30 1.30 1.24 0.76 0.75 1.03 0.81 1.27 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.59 1.41 2.14 2.49 2.93 1.92 1.60 1.79 2.63 1.31 0.92 1.13 1.06 1.00 0.98 0.91 1.69 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 58.61% 40.62% 114.15% 148.75% 193.12% 92.47% 59.68% 79.00% 163.22% 30.65% -7.83% 13.16% 6.16% 0.25% -2.06% -8.87% 69.34% <-Median-> 10 Graham Price
Graham No. EPS $11.94 $13.14 $10.15 $9.36 $9.60 $13.95 $21.54 $27.53 $12.45 $13.60 $26.40 $32.72 $17.17 $31.68 $37.24 $41.96 69.16% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 1.34 1.37 1.99 2.51 2.67 2.00 1.69 1.51 2.77 2.85 1.21 1.11 2.32 1.12 2.16 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.61 1.54 2.26 2.87 3.26 2.30 2.13 1.76 3.93 3.27 1.49 1.37 2.79 1.27 2.54 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.07 1.20 1.73 2.15 2.09 1.70 1.24 1.26 1.61 2.43 0.94 0.86 1.85 0.97 1.65 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.59 1.41 2.14 2.49 2.93 1.92 1.60 1.73 3.24 2.56 1.13 1.31 1.89 1.21 1.03 0.91 1.91 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 58.61% 40.62% 114.15% 148.75% 193.12% 92.47% 59.68% 73.29% 224.36% 155.62% 13.47% 30.52% 89.32% 20.71% 2.69% -8.87% 90.90% <-Median-> 10 Graham Price
Month, Year 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 36.00 <Count Years> Month, Year
Pre-split 07
Price Close $18.93 $18.47 $21.74 $23.29 $28.13 $26.85 $34.39 $47.71 $40.39 $34.77 $29.96 $42.71 $32.51 $38.24 $38.24 $38.24 49.54% <-Total Growth 10 Stock Price
Increase 49.17% -2.43% 17.70% 7.13% 20.78% -4.55% 28.08% 38.73% -15.34% -13.91% -13.83% 42.56% -23.88% 17.63% 0.00% 0.00% 25.67 <-Median-> 10 CAPE (10 Yr P/E)
P/E 15.52 14.66 32.94 51.76 57.41 38.91 22.48 18.71 74.80 54.33 15.60 16.24 45.15 15.53 11.24 8.85 -7.38% <-IRR #YR-> 5 Stock Price -31.86%
Trailing P/E 25.93 15.14 17.25 35.29 62.51 54.80 49.84 31.18 15.84 64.39 46.81 22.24 12.36 53.11 15.53 11.24 4.11% <-IRR #YR-> 10 Stock Price 49.54%
CAPE (10 Yr P/E) 12.66 12.99 13.71 15.70 19.22 22.87 24.40 23.99 26.94 29.38 28.49 27.27 28.02 25.10 21.41 18.21 -4.32% <-IRR #YR-> 5 Price & Dividend -18.78%
Median 10, 5 Yrs D.  per yr 4.61% 3.06% % Tot Ret 52.92% 0.00% T P/E 41.05 22.24 P/E:  42.03 45.15 8.72% <-IRR #YR-> 10 Price & Dividend 104.48%
Price  15 D.  per yr 6.11% % Tot Ret 50.08% CAPE Diff -2.23% 6.09% <-IRR #YR-> 15 Stock Price 142.61%
Price  20 D.  per yr 10.55% % Tot Ret 57.56% 7.78% <-IRR #YR-> 20 Stock Price 347.39%
Price  25 D.  per yr 9.09% % Tot Ret 52.29% 8.30% <-IRR #YR-> 25 Stock Price 633.31%
Price  30 D.  per yr 6.90% % Tot Ret 43.99% 8.78% <-IRR #YR-> 30 Stock Price
Price  35 D.  per yr 4.78% % Tot Ret 38.38% 7.68% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 4.86% % Tot Ret 37.48% 8.10% <-IRR #YR-> 36 Stock Price
Price & Dividend 15 12.19% <-IRR #YR-> 15 Price & Dividend 272.12%
Price & Dividend 20 18.33% <-IRR #YR-> 20 Price & Dividend 674.93%
Price & Dividend 25 17.39% <-IRR #YR-> 25 Price & Dividend 1209.88%
Price & Dividend 30 15.69% <-IRR #YR-> 30 Price & Dividend
Price & Dividend 35 12.46% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 12.95% <-IRR #YR-> 36 Price & Dividend
Price  5 -$47.71 $0.00 $0.00 $0.00 $0.00 $32.51 Price  5
Price 10 -$21.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.51 Price 10
Price & Dividend 5 -$47.71 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 5
Price & Dividend 10 -$21.74 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 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 $32.51 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 $32.51 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 $32.51 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 $32.51 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.51 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.51 Price  40
Price & Dividend 15 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 15
Price & Dividend 20 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 20
Price & Dividend 25 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 25
Price & Dividend 30 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 30
Price & Dividend 35 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 35
Price & Dividend 40 $1.02 $1.04 $1.05 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $33.90 Price & Dividend 40
Price H/L Median $16.01 $18.00 $20.24 $23.54 $25.64 $27.90 $36.33 $41.54 $34.46 $38.76 $32.06 $36.42 $39.76 $35.42 96.44% <-Total Growth 10 Stock Price
Increase 50.71% 12.46% 12.44% 16.28% 8.92% 8.84% 30.22% 14.34% -17.04% 12.46% -17.29% 13.62% 9.17% -10.93% 6.99% <-IRR #YR-> 10 Stock Price 96.44%
P/E 13.12 14.29 30.67 52.30 52.32 40.43 23.75 16.29 63.81 60.55 16.70 13.85 55.22 14.38 -0.87% <-IRR #YR-> 5 Stock Price -4.29%
Trailing P/E 21.92 14.75 16.06 35.66 56.97 56.94 52.65 27.15 13.51 71.77 50.09 18.97 15.12 49.19 11.44% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 18.27 18.91 22.74 27.24 31.42 39.30 47.55 36.37 29.71 32.57 22.32 21.99 30.82 21.15 2.18% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 18.07 18.82 20.00 23.78 28.87 35.18 42.34 40.89 34.05 38.64 29.87 30.10 32.70 24.99 13.91 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.46% 3.05% % Tot Ret 38.94% 140.01% T P/E 42.87 18.97 P/E:  46.37 55.22 Count 36 Years of data
-$20.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.76
-$41.54 $0.00 $0.00 $0.00 $0.00 $39.76
-$20.24 $1.07 $1.12 $1.15 $1.17 $1.19 $1.21 $1.23 $1.07 $1.35 $41.15
-$41.54 $1.21 $1.23 $1.07 $1.35 $41.15
High Months Dec 12 Feb 13 Sep 14 Apr 15 Oct 16 May 17 Oct 18 Dec 19 Jan 20 Jan 21 Jun 22 Nov 23 Feb 24 May 25
Pre-split 02
Pre-split 07
Price High $19.22 $20.19 $22.95 $26.91 $31.25 $32.15 $45.88 $48.41 $48.93 $44.48 $39.36 $44.72 $47.83 $40.12 108.41% <-Total Growth 10 Stock Price
Increase 49.46% 5.05% 13.67% 17.25% 16.13% 2.88% 42.71% 5.51% 1.07% -9.09% -11.51% 13.62% 6.95% -16.12% 7.62% <-IRR #YR-> 10 Stock Price 108.41%
P/E 15.75 16.02 34.77 59.80 63.78 46.59 29.99 18.98 90.61 69.50 20.50 17.00 66.43 16.30 -0.24% <-IRR #YR-> 5 Stock Price -1.20%
Trailing P/E 26.33 16.55 18.21 40.77 69.44 65.61 66.49 31.64 19.19 82.37 61.50 23.29 18.19 55.72 17.00 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 51.14 23.29 P/E:  53.20 66.43 50.81 P/E Ratio Historical High
-$22.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.83
-$48.41 $0.00 $0.00 $0.00 $0.00 $47.83
Low Months Feb 12 Apr 13 Jan 14 Jan 15 Feb 16 Oct 17 Jan 18 Jan 19 Mar 20 Dec 21 Nov 22 Mar 23 Jun 24 Apr 25
Price Low $12.79 $15.81 $17.53 $20.16 $20.02 $23.65 $26.78 $34.67 $19.99 $33.03 $24.75 $28.12 $31.69 $30.71 80.78% <-Total Growth 10 Stock Price
Increase 52.63% 23.61% 10.88% 15.00% -0.69% 18.13% 13.23% 29.46% -42.34% 65.23% -25.07% 13.62% 12.70% -3.09% 6.10% <-IRR #YR-> 10 Stock Price 80.78%
P/E 10.48 12.55 26.56 44.80 40.86 34.28 17.50 13.60 37.02 51.61 12.89 10.69 44.01 12.47 -1.78% <-IRR #YR-> 5 Stock Price -8.60%
Trailing P/E 17.52 12.96 13.91 30.55 44.49 48.27 38.81 22.66 7.84 61.17 38.67 14.65 12.05 42.65 10.80 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 34.61 14.65 P/E:  35.65 37.02 5.99 P/E Ratio Historical Low
-$17.53 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.69
Free Cash Flow Mkt Sc $589 $508 $823 $1,298 $980 $1,093 $1,187 $860
Change -13.75% 62.01% 57.72% -24.50% 11.53% 8.60% -27.56%
$467 <-12 mths -4.69%
Free Cash Flow WSJ $124.57 $160.29 $70.60 $165.60 $176 $412 $599 $295 $547 $972 $651 422.60% <-Total Growth 10 Free Cash Flow WSJ
Change -55.96% 134.56% 6.28% 134.09% 45.39% -50.75% 85.42% 77.70% -33.02% $0.45 <-Median-> 9 Change
Free Cash Flow MS old $153.10 $76.90 $165.00 $176.00 $408.00 $589 $508 $823 $1,298
-49.77% 114.56% 6.67% 131.82% 44.36% -13.75% 62.01% 57.72%
Free Cash Flow MS $99.67 $80.76 $124.57 $70.00 $60.00 $130.00 $290.00 $400.00 $410 $620 $670 $820 $490 $1,215 $1,079 293.35% <-Total Growth 10 Free Cash Flow Mk Sceen
Change 31.32% -18.97% 54.25% -43.81% -14.29% 116.67% 123.08% 37.93% 2.50% 51.22% 8.06% 22.39% -40.24% 147.96% -11.19% 4.14% <-IRR #YR-> 5 Free Cash Flow MS 22.50%
FCF/CF from Op Ratio 0.73 0.61 0.73 0.31 0.36 0.50 0.63 0.45 0.44 0.69 0.51 0.46 0.32 0.81 0.67 14.68% <-IRR #YR-> 10 Free Cash Flow MS 293.35%
Dividends paid in cash $21 $22.64 $24.47 $27.23 $63.80 $97 $102 $114 $136 $132 $121 $237 $243 $174 $175 892.93% <-Total Growth 10 Dividends paid 70.00%
Percentage paid 28.03% 19.65% 38.90% 106.33% 74.62% 35.17% 28.50% 33.17% 21.29% 18.06% 28.90% 49.59% 14.29% 16.20% $0.34 <-Median-> 10 Percentage paid
5 Year Coverage 50.53% 46.62% 42.53% 39.75% 31.41% 25.31% 25.34% 28.87% 23.76% 22.21% 5 Year Coverage
Dividend Coverage Ratio 3.57 5.09 2.57 0.94 1.34 2.84 3.51 3.01 4.70 5.54 3.46 2.02 7.00 6.17 2.93 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 1.98 2.14 2.35 2.52 3.18 3.95 3.95 3.46 4.21 4.50 5 Year of Coverage
Market Cap $1,286.7 $1,326.1 $1,785.2 $2,185.9 $2,707.2 $3,523.5 $4,596.8 $7,070.9 $6,060.7 $5,360.7 $5,255.8 $7,507.6 $5,654.5 $6,668.3 $6,668.3 $6,668.3 216.75% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 75.756 78.884 76.058 87.380 95.606 118.580 135.061 149.685 150.909 152.470 161.081 178.916 176.659 175.726 132.27% <-Total Growth 10 Diluted
Change 5.72% 4.13% -3.58% 14.89% 9.41% 24.03% 13.90% 10.83% 0.82% 1.03% 5.65% 11.07% -1.26% -0.53% 10.12% <-Median-> 10 Change
Difference Diluted/Basic -12.3% -10.9% -0.3% -0.3% -0.3% -1.1% -2.0% -1.9% -1.2% -0.7% -0.8% -1.8% -1.3% -1.0% -1.13% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 66.444 70.315 75.857 87.107 95.274 117.334 132.378 146.890 149.074 151.451 159.867 175.773 174.372 174.021 129.87% <-Total Growth 10 Basic
Change 11.80% 5.83% 7.88% 14.83% 9.38% 23.15% 12.82% 10.96% 1.49% 1.59% 5.56% 9.95% -0.80% -0.20% 9.66% <-Median-> 10 Change
Difference Basic/Outstanding 2.3% 2.1% 8.2% 7.7% 1.0% 11.8% 1.0% 0.9% 0.7% 1.8% 9.7% 0.0% -0.3% 0.2% 0.99% <-Median-> 10 Difference Basic/Outstanding
$1,604 <-12 mths 4.50%
# of Share in M 67.973 71.795 82.114 93.856 96.238 131.228 133.668 148.205 150.054 154.176 175.428 175.781 173.931 174.381 174.381 174.381 7.79% <-IRR #YR-> 10 Shares 111.82%
Change 5.62% 5.62% 14.37% 14.30% 2.54% 36.36% 1.86% 10.88% 1.25% 2.75% 13.78% 0.20% -1.05% 0.26% 0.00% 0.00% 3.25% <-IRR #YR-> 5 Shares 17.36%
CF fr Op $Millon $136.4 $133.1 $171.2 $223.3 $165.3 $261.9 $461 $897 $934 $904 $1,326 $1,780 $1,535 $1,496.0 $1,603.1 $1,637.8 796.66% <-Total Growth 10 Cash Flow
Increase 52.19% -2.38% 28.58% 30.43% -25.97% 58.44% 76.02% 94.58% 4.12% -3.21% 46.68% 34.24% -13.76% -2.54% 7.16% 2.16% DRIP, SO S. Issue, Buy Backs, Deb Conv.
5 year Running Average $82.9 $95.2 $107.0 $150.7 $165.9 $191.0 $257 $402 $544 $692 $904 $1,168 $1,296 $1,408.2 $1,548.0 $1,610.4 1111.52% <-Total Growth 10 CF 5 Yr Running
CFPS $2.01 $1.85 $2.08 $2.38 $1.72 $2.00 $3.45 $6.05 $6.22 $5.86 $7.56 $10.13 $8.83 $8.58 $9.19 $9.39 323.32% <-Total Growth 10 Cash Flow per Share
Increase 44.09% -7.58% 12.43% 14.11% -27.80% 16.19% 72.81% 75.49% 2.84% -5.80% 28.91% 33.97% -12.85% -2.79% 7.16% 2.16% 24.53% <-IRR #YR-> 10 Cash Flow 796.66%
5 year Running Average $1.43 $1.52 $1.48 $1.94 $2.01 $2.01 $2.33 $3.12 $3.89 $4.72 $5.83 $7.17 $7.72 $8.19 $8.86 $9.22 11.34% <-IRR #YR-> 5 Cash Flow 71.13%
P/CF on Med Price 7.98 9.71 9.71 9.89 14.92 13.98 10.53 6.86 5.54 6.61 4.24 3.60 4.51 4.13 0.00 0.00 15.52% <-IRR #YR-> 10 Cash Flow per Share 323.32%
P/CF on Closing Price 9.43 9.96 10.43 9.79 16.38 13.45 9.97 7.88 6.49 5.93 3.96 4.22 3.68 4.46 4.16 4.07 7.84% <-IRR #YR-> 5 Cash Flow per Share 45.81%
-33.83% Diff M/C 17.92% <-IRR #YR-> 10 CFPS 5 yr Running 420.05%
$1,528 <-12 mths 6.11%
Excl.Working Capital CF $3.350 $21.530 -$42.870 -$84.280 -$17.5 -$42.0 $111 -$53 -$165 $331 $136 -$121 -$95 $0.0 $0.0 $0.0 19.87% <-IRR #YR-> 5 CFPS 5 yr Running 147.52%
CF fr Op $M WC $139.7 $154.7 $128.3 $139.0 $147.8 $219.9 $572 $844 $769 $1,235 $1,462 $1,659 $1,440 $1,496.0 $1,603.1 $1,637.8 1022.19% <-Total Growth 10 Cash Flow less WC
Increase 29.92% 10.69% -17.03% 8.33% 6.32% 48.78% 160.12% 47.55% -8.89% 60.60% 18.38% 13.47% -13.20% 3.89% 7.16% 2.16% 27.35% <-IRR #YR-> 10 Cash Flow less WC 1022.19%
5 year Running Average $99.1 $114.2 $122.2 $133.9 $141.9 $157.9 $241 $385 $511 $728 $976 $1,194 $1,313 $1,458.4 $1,532.0 $1,567.2 11.28% <-IRR #YR-> 5 Cash Flow less WC 70.62%
CFPS Excl. WC $2.06 $2.15 $1.56 $1.48 $1.54 $1.68 $4.28 $5.69 $5.12 $8.01 $8.33 $9.44 $8.28 $8.58 $9.19 $9.39 26.80% <-IRR #YR-> 10 CF less WC 5 Yr Run 974.47%
Increase 23.01% 4.80% -27.46% -5.22% 3.69% 9.11% 155.37% 33.08% -10.01% 56.30% 4.04% 13.25% -12.28% 3.62% 7.16% 2.16% 27.84% <-IRR #YR-> 5 CF less WC 5 Yr Run 241.45%
5 year Running Average $1.72 $1.83 $1.79 $1.78 $1.76 $1.68 $2.11 $2.93 $3.66 $4.96 $6.29 $7.32 $7.84 $8.53 $8.76 $8.98 18.14% <-IRR #YR-> 10 CFPS - Less WC 429.80%
P/CF on Med Price 7.79 8.36 12.95 15.89 16.69 16.65 8.49 7.29 6.72 4.84 3.85 3.86 4.80 4.13 0.00 0.00 7.77% <-IRR #YR-> 5 CFPS - Less WC 45.38%
P/CF on Closing Price 9.21 8.57 13.91 15.73 18.32 16.02 8.04 8.38 7.88 4.34 3.59 4.53 3.93 4.46 4.16 4.07 15.90% <-IRR #YR-> 10 CFPS 5 yr Running 337.23%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 6.74 5 yr  4.51 P/CF Med 10 yr 7.01 5 yr  4.80 -36.41% Diff M/C 21.72% <-IRR #YR-> 5 CFPS 5 yr Running 167.18%
-$2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.83 Cash Flow per Share
-$6.05 $0.00 $0.00 $0.00 $0.00 $8.83 Cash Flow per Share
-$1.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.72 CFPS 5 yr Running
-$3.12 $0.00 $0.00 $0.00 $0.00 $7.72 CFPS 5 yr Running
-$128.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,440.0 Cash Flow less WC
-$844.0 $0.0 $0.0 $0.0 $0.0 $1,440.0 Cash Flow less WC
-$122.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,313.0 CF less WC 5 Yr Run
-$384.5 $0.0 $0.0 $0.0 $0.0 $1,313.0 CF less WC 5 Yr Run
-$1.56 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.28 CFPS - Less WC
-$5.69 $0.00 $0.00 $0.00 $0.00 $8.28 CFPS - Less WC
OPM 3.30% 2.35% 2.27% 3.54% 2.64% 2.74% 3.19% 4.86% 6.67% 4.21% 3.74% 5.49% 5.42% 5.24% 138.48% <-Total Growth 10 OPM
Increase 46.56% -28.75% -3.26% 55.86% -25.57% 3.84% 16.52% 52.28% 37.14% -36.83% -11.20% 46.69% -1.12% -3.47% Should increase  or be stable.
Diff from Median -17.0% -40.9% -42.8% -10.8% -33.6% -31.1% -19.7% 22.3% 67.7% 5.9% -5.9% 38.0% 36.4% 31.7% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 3.98% 5 Yrs 5.42% should be  zero, it is a   check on calculations
$1,738 <-12 mths 2.84%
Adjusted EBITDA $200.4 $207.4 $183.2 $215.1 $253.5 $417.8 $887 $1,265 $967 $1,260 $1,620 $1,913 $1,690 $1,811 $1,980 $2,047 822.49% <-Total Growth 10 Adjusted EBITDA
Change 3.49% -11.67% 17.41% 17.85% 64.81% 112.30% 42.62% -23.56% 30.30% 28.57% 18.09% -11.66% 7.16% 9.33% 3.38% 23.33% <-Median-> 10 Change
Margin 4.85% 3.66% 2.43% 3.41% 4.05% 4.37% 6.14% 6.86% 6.90% 5.87% 4.57% 5.89% 5.97% 6.34% 6.84% 6.71% 5.88% <-Median-> 10 Margin
Long Term Debt $153.54 $222.96 $452.25 $453.65 $836.50 $2,009.6 $2,259 $3,823 $3,861 $5,432 $6,799 $6,167 $6,380 $6,362 1310.74% <-Total Growth 10 Debt Type
Change 45.21% 102.84% 0.31% 84.39% 140.24% 12.41% 69.23% 0.99% 40.69% 25.17% -9.30% 3.45% -0.28% 18.79% <-Median-> 10 Change Lg Term R
Debt/Market Cap Ratio 0.12 0.17 0.25 0.21 0.31 0.57 0.49 0.54 0.64 1.01 1.29 0.82 1.13 0.95 0.60 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 4.28 2.98 3.73 4.39 2.40 4.17 4.36 4.90 5.60 5.13 4.35 4.14 4.15 4.21 4.36 <-Median-> 10 Assets/Current Liabilities Liquidity
Debt to Cash Flow (Years) 1.13 1.67 2.64 2.03 5.06 7.67 4.90 4.26 4.13 6.01 5.13 3.46 4.16 4.25 4.58 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $106.97 $127.01 $163.83 $192.61 $203.60 $718.9 $714 $965 $949 $1,083 $1,355 $1,186 $1,152 $1,113 603.16% <-Total Growth 10 Intangibles Leverage
Goodwill $91.14 $132.49 $179.07 $533.94 $560.40 $1,234.1 $1,305 $1,811 $1,864 $2,191 $2,484 $2,418 $2,426 $2,422 1254.80% <-Total Growth 10 Goodwill D/E Ratio
Total $198.11 $259.50 $342.90 $726.55 $764.0 $1,953.0 $2,019 $2,776 $2,813 $3,274 $3,839 $3,604 $3,578 $3,535 943.45% <-Total Growth 10 Total
Change -5.33% 30.99% 32.14% 111.88% 5.15% 155.63% 3.38% 37.49% 1.33% 16.39% 17.26% -6.12% -0.72% -1.20% 10.77% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.15 0.20 0.19 0.33 0.28 0.55 0.44 0.39 0.46 0.61 0.73 0.48 0.63 0.53 0.47 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $428.1 $660.0 $787.2 $521.2 $1,157.2 $1,177.8 $1,178 $2,204 $1,878 $3,127 $4,574 $4,322 $4,478 $4,462 468.85% <-Total Growth 10 Current Assets
Current Liabilities $211.1 $423.4 $410.9 $414.4 $1,066.1 $1,297.7 $1,298 $1,896 $1,625 $2,253 $3,286 $3,351 $3,382 $3,320 723.12% <-Total Growth 10 Current Liabilities
Liquidity Ratio 2.03 1.56 1.92 1.26 1.09 0.91 0.91 1.16 1.16 1.39 1.39 1.29 1.32 1.34 1.21 <-Median-> 10 Ratio
Liq. with CF aft div 2.35 1.70 2.12 1.55 1.14 0.99 1.14 1.54 1.62 1.71 1.74 1.75 1.71 1.72 1.71 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.89 1.18 1.55 0.81 0.97 0.32 0.83 0.85 1.23 1.02 1.27 1.19 1.48 1.72 1.23 <-Median-> 5 Ratio
Curr Long Term Debt $1.2 $3.6 $3.4 $3.4 $3.4 $3.4 $4 $115 $114 $124 $173 $191 $261 $244
Liquidity Less CLTD 2.04 1.57 1.93 1.27 1.09 0.91 0.91 1.24 1.24 1.47 1.47 1.37 1.43 1.45 1.43 <-Median-> 5 Ratio
Liq. with CF aft div 2.36 1.71 2.14 1.57 1.14 1.00 1.15 1.64 1.74 1.80 1.84 1.86 1.85 1.86 1.84 <-Median-> 5 Ratio
Assets $903.5 $1,262.3 $1,531.8 $1,818.7 $2,561.5 $5,411.8 $5,661 $9,283 $9,094 $11,550 $14,288 $13,866 $14,044 $13,969 816.84% <-Total Growth 10 Assets
Liabilities $550.7 $825.4 $961.9 $1,006.0 $1,757.6 $3,766.9 $3,860 $6,974 $6,828 $9,218 $11,251 $10,685 $10,878 $10,810 1030.84% <-Total Growth 10 Liabilities
Debt Ratio 1.64 1.53 1.59 1.81 1.46 1.44 1.47 1.33 1.33 1.25 1.27 1.30 1.29 1.29 1.33 <-Median-> 10 Ratio
Book Value $352.7 $436.9 $569.9 $812.6 $803.9 $1,644.9 $1,801 $2,309 $2,266 $2,332 $3,037 $3,181 $3,166 $3,159
NCI $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $351 $351 $351 $206 $0 $0 0
Net Book Value $352.7 $436.9 $569.9 $812.6 $803.9 $1,644.9 $1,801 $1,958 $1,915 $1,981 $2,831 $3,181 $3,166 $3,159 $3,159 $3,159 455.58% <-Total Growth 10 Book Value
Book Value per share $5.19 $6.09 $6.94 $8.66 $8.35 $12.53 $13.47 $13.21 $12.76 $12.85 $16.14 $18.10 $18.20 $18.12 $18.12 $18.12 162.29% <-Total Growth 10 Book Value per Share
Change 16.69% 17.27% 14.03% 24.76% -3.52% 50.06% 7.49% -1.95% -3.40% 0.68% 25.60% 12.14% 0.59% -0.48% 0.00% 0.00% -22.10% P/B Ratio Current/Historical Median
P/B Ratio (Median) 3.08 2.96 2.92 2.72 3.07 2.23 2.70 3.14 2.70 3.02 1.99 2.01 2.18 1.95 0.00 0.00 2.71 P/B Ratio Historical Median
P/B Ratio (Close) 3.65 3.03 3.13 2.69 3.37 2.14 2.55 3.61 3.16 2.71 1.86 2.36 1.79 2.11 2.11 2.11 10.12% <-IRR #YR-> 10 Book Value per Share 162.29%
Change 27.84% -16.80% 3.22% -14.13% 25.19% -36.39% 19.16% 41.49% -12.36% -14.50% -31.39% 27.13% -24.33% 18.19% 0.00% 0.00% 6.62% <-IRR #YR-> 5 Book Value per Share 37.78%
Leverage (A/BK) 2.56 2.89 2.69 2.24 3.19 3.29 3.14 4.74 4.75 5.83 5.05 4.36 4.44 4.42 4.40 <-Median-> 10 A/BV
Debt/Equity Ratio 1.56 1.89 1.69 1.24 2.19 2.29 2.14 3.56 3.57 4.65 3.97 3.36 3.44 3.42 3.40 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.70 5 yr Med 2.18 -21.77% Diff M/C 2.49 Historical 29 A/BV
-$6.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.20
-$13.21 $0.00 $0.00 $0.00 $0.00 $18.20
$258 <-12 mths 20.56%
Comprehensive Income $84.53 $92.28 $52.06 $55.07 $44.60 $74.30 $248 $370 $83 $107 $347 $469 $214
NCI $0 $0 $0 $0 $0 $0 $0 $21 $19 $21 $65 $0 $0
Sharolders $84.53 $92.28 $52.06 $55.07 $44.60 $74.30 $248 $349 $64 $86 $282 $469 $214 311.04% <-Total Growth 10 Comprehensive Income
Increase 92.49% 9.17% -43.58% 5.78% -19.01% 66.59% 233.78% 40.73% -81.66% 34.38% 227.91% 66.31% -54.37% 34.38% <-Median-> 5 Comprehensive Income
5 Yr Running Average $50.32 $59.90 $60.60 $65.57 $65.71 $63.66 $95 $154 $156 $164 $206 $250 $223 15.18% <-IRR #YR-> 10 Comprehensive Income 311.04%
ROE 24.0% 21.1% 9.1% 6.8% 5.5% 4.5% 13.8% 17.8% 3.3% 4.3% 10.0% 14.7% 6.8% -9.32% <-IRR #YR-> 5 Comprehensive Income -38.68%
5Yr Median 23.1% 21.1% 15.7% 15.3% 9.1% 6.8% 6.8% 6.8% 5.5% 4.5% 10.0% 10.0% 6.8% 13.92% <-IRR #YR-> 10 5 Yr Running Average 268.01%
% Difference from NI -0.4% 0.4% 4.4% 39.4% -5.5% -9.7% 20.4% -8.6% -22.0% -11.3% -9.0% -0.4% 68.5% 7.66% <-IRR #YR-> 5 5 Yr Running Average 44.62%
Median Values Diff 5, 10 yr -7.1% -9.0% 6.8% <-Median-> 5 Return on Equity
-$52.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $214.0
-$349.0 $0.0 $0.0 $0.0 $0.0 $214.0
-$60.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $223.0
-$154.2 $0.0 $0.0 $0.0 $0.0 $223.0
Current Liability Coverage Ratio 0.66 0.37 0.31 0.34 0.14 0.17 0.44 0.45 0.47 0.55 0.44 0.50 0.43 0.45 CF less WC CFO / Current Liabilities
5 year Median 0.61 0.47 0.37 0.37 0.34 0.31 0.31 0.34 0.44 0.45 0.45 0.47 0.47 0.45 0.47 <-Median-> 5 Current Liability Cov Ratio
Current Liability Coverage Ratio 0.65 0.31 0.42 0.54 0.16 0.20 0.36 0.47 0.57 0.40 0.40 0.53 0.45 0.45   CFO / Current Liabilities
5 year Median 0.57 0.39 0.39 0.42 0.42 0.31 0.36 0.36 0.36 0.40 0.40 0.47 0.45 0.45 0.45 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 15.10% 10.55% 11.18% 12.28% 6.45% 4.84% 8.14% 9.66% 10.27% 7.83% 9.28% 12.84% 10.93% 10.71% CFO / Total Assets
5 year Median 15.10% 10.55% 10.55% 11.18% 11.18% 10.55% 8.14% 8.14% 8.14% 8.14% 9.28% 9.66% 10.27% 10.71% 10.3% <-Median-> 5 Return on Assets 
Return on Assets ROA 9.39% 7.28% 3.26% 2.17% 1.84% 1.52% 3.64% 4.12% 0.90% 0.84% 2.17% 3.40% 0.90% 3.09% Net  Income/Assets Return on Assets
5Yr Median 9.39% 7.28% 4.76% 4.76% 3.26% 2.17% 2.17% 2.17% 1.84% 1.52% 2.17% 2.17% 0.90% 2.17% 2.0% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 24.06% 21.05% 8.75% 4.86% 5.87% 5.00% 11.44% 19.51% 4.28% 4.90% 10.95% 14.81% 4.01% 13.67% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 23.15% 21.05% 15.73% 15.34% 8.75% 5.87% 5.87% 5.87% 5.87% 5.00% 10.95% 10.95% 4.90% 10.95% 5.4% <-Median-> 10 Return on Equity
$196 <-12 mths 54.33%
Net Income $84.85 $91.96 $49.88 $39.50 $47.20 $82.3 $206 $414 $112 $126 $346 $471 $127
NCI $0.00 $0.00 $0.00 $0.00 $0.00 $0 $0 $32 $30 $29 $36 $0 $0
Shareholders $84.85 $91.96 $49.88 $39.50 $47.20 $82 $206 $382 $82 $97 $310 $471 $127 $432 $606 $710 154.64% <-Total Growth 10 Net Income
Increase 93.22% 8.37% -45.76% -20.81% 19.50% 74.36% 150.30% 85.44% -78.53% 18.29% 219.59% 51.94% -73.04% 240.00% 40.39% 17.16% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $50.4 $59.9 $60.2 $62.0 $62.7 $62.2 $85 $151 $160 $170 $215 $268 $217 $287.4 $389.2 $469.2 9.80% <-IRR #YR-> 10 Net Income 154.64%
Operating Cash Flow $136.4 $133.1 $171.2 $223.3 $165.3 $261.9 $461.0 $897.0 $934.0 $904.0 $1,326.0 $1,780.0 $1,535.0 -19.77% <-IRR #YR-> 5 Net Income -66.75%
Investment Cash Flow -$51.3 -$184.6 -$149.8 -$377.7 -$191.1 -$2,783.9 -$494 -$1,547 -$515 -$1,513 -$1,227 -$1,573 -$524 13.71% <-IRR #YR-> 10 5 Yr Running Average 261.38%
Total Accruals -$0.2 $143.4 $28.5 $193.9 $73.0 $2,604.3 $239 $1,032 -$337 $706 $211 $264 -$884 7.50% <-IRR #YR-> 5 5 Yr Running Average 43.59%
Total Assets $903.5 $1,262.3 $1,531.8 $1,818.7 $2,561.5 $5,411.8 $5,661 $9,283 $9,094 $11,550 $14,288 $13,866 $14,044 Balance Sheet Assets
Accruals Ratio -0.02% 11.36% 1.86% 10.66% 2.85% 48.12% 4.22% 11.12% -3.71% 6.11% 1.48% 1.90% -6.29% 1.48% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.59 0.58 0.42 0.30 0.32 0.41 0.36 0.45 0.11 0.08 0.23 0.28 0.09 0.29 <-Median-> 10 EPS/CF Ratio
-$50 $0 $0 $0 $0 $0 $0 $0 $0 $0 $127
-$382 $0 $0 $0 $0 $127
-$60 $0 $0 $0 $0 $0 $0 $0 $0 $0 $217
-$151 $0 $0 $0 $0 $217
Change in Close 49.17% -2.43% 17.70% 7.13% 20.78% -4.55% 28.08% 38.73% -15.34% -13.91% -13.83% 42.56% -23.88% 17.63% 0.00% 0.00% Count 30 Years of data
up/down down down down down down down Count 14 46.67%
Meet Prediction? yes yes % right Count 5 35.71%
Financial Cash Flow -$98.3 $45.0 $168.9 -$23.7 $28.8 $2,519.0 $49 $879 -$367 $655 $276 -$1,573 -$1,042 C F Statement  Financial CF
Total Accruals $98.1 $98.4 -$140.3 $217.5 $44.2 $85.3 $190 $153 $30 $51 -$65 $1,837 $158 Accruals
Accruals Ratio 10.86% 7.79% -9.16% 11.96% 1.73% 1.58% 3.36% 1.65% 0.33% 0.44% -0.45% 13.25% 1.13% 0.44% <-Median-> 5 Ratio
Cash $14.7 $8.3 $199.1 $21.7 $25.6 $22.5 $40 $257 $296 $326 $716 $387 $385 $362 Cash
Cash per Share $0.22 $0.12 $2.43 $0.23 $0.27 $0.17 $0 $2 $2 $2 $4 $2 $2 $2.08 $2.20 <-Median-> 5 Cash per Share
Percentage of Stock Price 1.14% 0.62% 11.15% 0.99% 0.95% 0.64% 0.87% 3.63% 4.88% 6.08% 13.62% 5.15% 6.81% 5.43% 6.08% <-Median-> 5 % of Stock Price
Notes:
June 24, 2025.  Last estimates were for 2024, 2025, 2026 of $32362M, $31919M, $31520M Revenue, $4.46, $4.91 2024/5 Adj CF, $3.11, $3.57, $3.74 AEPS, 
$2.94, $3.54, $3.74 EPS, $1.39, $1.41, $1.43 Dividends, $1268M, $1215M, $1079M FCF, $8.87, $9.03, $9.40 CFPS, $1944M, $2031M, $2108M EBITDA, $494M, $615M Net Income.
June 22, 2024.  Last estimates were for 2023, 2024 and 2025 of $33765M, $34207M, $32356M Revenue, 4.11, $4.46, $4.91 DCF, $2.51, $2.91, $3.15 AEPS, 
$2.63, $2.91, $3.14 EPS, $1.36, $1.39, $1.43 Dividend, $805M, $799M, $789M FCF, $7.38, $6.91, $7.50 CFPS, $458M, $523M, $563M Net Income.
June 18, 2023.  Last estimates were for 2022, 2023 and 2024 of $28380M, $29395M and $28085M for Revenue, $5.22, $5.00 and $5.31 for ADCF, $2.47, $3.34, $3.13 for AEPS, 
$2.35, $3.12 and $3.18 for EPS, $1.28, $1.30 and $1.31 for dividends, $682M, $660M and $744M for FCF, $7.75. $7.54 and $8.72 for CFPS, $370M, $496M and $499M for Net Income.
June 24, 2022.  Last estimates were for 2021, 2022 and 2023 of $17466M, $18571M and $21689M for Revenue, $1.78, $2.64 and $3.13 for EPS, 
$1.23, $1.24 and $1.26 for Dividends, $510M, $466M and $767M for FCF, $6.41, $7.12 and $6.88 for CFPS, and $272M, $402M and $480M for Net Income.
June 20, 2021.  Last estimates were for 2020, 2021 and 2022 of $16272M, $18183M and $17753M for Revenue, -$0.27, $1.38 and $1.96 for EPS, 
$1.20, $1.21 and $1.24 for Dividends, $431M, $350M and $455M for FCF, $3.50, $4.47 and $5.16 for CFPS and -$18M, $226M and $330M for Net Income.
June 23, 2019.  Last etimates wee for 2018, 2019 and 2020 of $13583M, $13830M and $14037M for Revenue, $1.08, $1.64 and $1.89 for EPS,
 $3.15 and $3.26 for CFPS for 2018 and 2019 and $144M and $222M for Net Income for 2018 and 2019.
June 20, 2018.  Last estimates were for 2017, 20 and 2019 of $8891M, $13314M and $13580M for Revenue, $0.74, $1.04 and $1.95 for EPS, $1.78, $2.38 and $3.04 for CFPS 
and $65.6M, $125M and $261M for Net Income.
June 18, 2017.  Last estimates were for 2016 and 2017 of $7182M and $8447M for Revenue, $0.94 and $1.04 for EPS, $1.72 and $1.86 for CFPS and $87.2M and $102M for Net Income.
June 18, 2016.  Last estimates were for 2015, 2016 and 2017 of $7751M, $9430M and $9488M for Revenue, $0.81, $0.98 and $0.85 for EPS, $1.75, $1.98 and $1.77 for CFPS, 
$68.8M, $86.5M and $83.1M for Net Income.
June 27, 2015.  Last estimates were for 2014, 2015 aad 2016 of $7488M, $8014M and $12929M for Revenue, $1.03, 1.32 and $1.28 for EPS. $1.76 and $2.05 for CFPS for 2014 and 2015,
 $80.7M and $98.3M for net income for 2014 and 2015.
On December 31, 2010 Parkland Income Fund converted to the corporate entity Parkland Fuel Corporation and became taxable as a corporation.
On May 4, 2007, the Parkland Board of Directors approved a division of the trust units of the Fund on a three for one basis.  Parkland Income Fund established on April 30, 2002.
The Fund was created to acquire the fuel marketing, convenience store and related ancillary businesses formerly owned by Parkland Industries Ltd.  
This acquisition was completed on June 28, 2002 through a Plan of Arrangement that resulted in the previous Parkland Industries Ltd. shareholders indirectly exchanging
their shares for Units in the Fund or Class B Limited Partnership Units in Parkland Holdings Limited Partnership (“LP Units”), a limited partnership controlled by the Fund.
Effective June 28, 2002, Parkland Industries ltd shares where exhanged for two Fund Unit Shares for an effective 2 for 1 split. 
Shares of Parkland Industries were exchanged from Fund Units or Class B Shares.
1977.  In 1977, Jack Donald pivoted the company from cattle to fuel retailing.  
Sector:
Services, Industrial
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I decided to do a spreadsheet on this stock as it was a stock recommended by Roger Conrad in Money Show 2013.
Dividends
Dividends are now paid Quarterly, Cycle 1.
The dividends are payable monthly.  Dividends are declared for shareholders of record of one month and payable in the next month.
For example, the dividend pyable on 14 February 2014 is for shareholders f record of 22 January 2014.
How they make their money.
Parkland Corp is a fuel distributor, marketer, and convenience retailer, with operations in countries across the Americas. Parkland delivers refined fuels, propane, and other 
high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's operating segments include: Canada, 
International, USA, Refining, and Corporate. It derives maximum revenue from Canada segment.
Daily Buy and Sell Advisor of October 23, 2013.
Parkland Fuel Corp.  (PKI-TSX, $18.33)  is our smallest capitalized stock in the ValueTrend portfolio. But the company has a solid business, given that it's Canada's premier distributor of heating fuel. 
Parkland also owns a few convenience stores and gas stations. With a great chart pattern, as well as a six per cent dividend yield, Parkland is now an attractive buy. 
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2017 Jun 20 2018 Jun 23 2019 Jun 21 2020 Jun 20 2021 Jun 25 2022 Jun 18 2023 Jun 22 2024 Jun 24 2025
Espey, Robert Berthold 0.11% 0.160 0.12% 0.456 0.31% 0.512 0.34% 0.562 0.36% 0.687 0.39% 0.696 0.40% 0.744 0.43% 0.804 0.46% 8.08%
CEO - Shares - Amount $3.951 $5.495 $21.743 $20.683 $19.543 $20.576 $29.742 $24.191 $30.754
Options - percentage 0.94% 1.367 1.02% 1.072 0.72% 1.107 0.74% 1.095 0.71% 1.137 0.65% 1.269 0.72% 1.174 0.67% 1.387 0.80% 18.20%
Options - amount $33.200 $47.012 $51.135 $44.722 $38.056 $34.069 $54.182 $38.157 $53.051
Monaco, Bradley Robert 0.005 0.00%
CFO - Shares - Amount $0.191
Options - percentage 0.036 0.02%
Options - amount $1.368
Teunissen, Marcel 0.000 0.00% 0.006 0.00% 0.017 0.01% 0.039 0.02% 0.059 0.03% CFO until 2025 49.99%
Officer- Shares - Amount $0.000 $0.167 $0.714 $1.271 $2.242
Options - percentage 0.068 0.04% 0.130 0.07% 0.205 0.12% 0.237 0.14% 0.310 0.18% 30.63%
Options - amount $2.358 $3.896 $8.744 $7.721 $11.864
Smart, Darren Robert 0.017 0.01% 0.025 0.02% 0.029 0.02% 0.033 0.02% 0.045 0.03% 0.057 0.03% Was CFO, now VP 28.64%
Officer- Shares - Amount $0.678 $0.876 $0.856 $1.395 $1.449 $2.192
Options - percentage 0.285 0.19% 0.279 0.18% 0.291 0.17% 0.315 0.18% 0.263 0.15% 0.285 0.16% 8.56%
Options - amount $11.519 $9.701 $8.725 $13.447 $8.538 $10.903
McMillan, Michael Stanley Howie 0.02% 0.028 0.02% 0.040 0.03%
CFO - Shares - Amount $0.562 $0.979 $1.907
Options - percentage 0.21% 0.332 0.25% 0.346 0.23%
Options - amount $7.504 $11.407 $16.516
Remtulla, Tariq 0.014 0.01% 0.018 0.01% 29.56%
Officer - Shares - Amount $0.455 $0.693
Options - percentage 0.041 0.02% 0.082 0.05% 100.22%
Options - amount $1.326 $3.123
Haugh, Douglas Scott 0.011 0.01% 0.008 0.01% 0.015 0.01% 0.018 0.01% ceased insider Nov 2022
Officer - Shares - Amount $0.525 $0.331 $0.533 $0.537
Options - percentage 0.202 0.14% 0.266 0.18% 0.296 0.19% 0.351 0.20%
Options - amount $9.657 $10.745 $10.290 $10.523
Puglises, Ferio 0.013 0.01% 0.021 0.01% Ceased insider Mar 2025 -100.00%
Officer - Shares - Amount $0.574 $0.671
Options - percentage 0.138 0.08% 0.150 0.09% -100.00%
Options - amount $5.905 $4.879
Sanker, Donna Lynn 0.008 0.00% 0.018 0.01% 0.035 0.02% 88.35%
Officer - Shares - Amount $0.330 $0.598 $1.325
Options - percentage 0.194 0.11% 0.206 0.12% 0.269 0.15% 30.60%
Options - amount $8.275 $6.708 $10.305
Hogarth, Timothy 0.271 0.15% 0.271 0.15% 0.271 0.16% 0.271 0.16% 0.00%
Director - Shares - Amount $8.105 $11.566 $8.795 $10.345
Options - percentage 0.022 0.01% 0.029 0.02% 0.032 0.02% 0.037 0.02% 15.40%
Options - amount $0.646 $1.241 $1.054 $1.431
Duke, Nora 0.004 0.00% 0.007 0.00% 68.29%
Director - Shares - Amount $0.133 $0.264
Options - percentage 0.004 0.00% 0.007 0.00% 73.75%
Options - amount $0.136 $0.278
Colnett, Lisa 0.002 0.00% 0.000 0.00% 0.000 0.00% 0.00%
Director - Shares - Amount $0.086 $0.011 $0.012
Options - percentage 0.034 0.02% 0.038 0.02% 0.041 0.02% 8.63%
Options - amount $1.458 $1.224 $1.564
Jennings, Michael Christian 0.003 0.00% 0.017 0.01% 466.67%
Chairman - Shares - Amt $0.098 $0.650
Options - percentage 0.003 0.00% 0.015 0.01% 409.83%
Options - amount $0.093 $0.557
Richardson, Steven 0.006 0.00% 0.006 0.00% -100.00%
Chairman - Shares - Amt $0.251 $0.185
Options - percentage 0.021 0.01% 0.028 0.02% -100.00%
Options - amount $0.892 $0.898
Pantelidis, James 0.22% 0.292 0.22% 0.296 0.20% 0.299 0.20% 0.319 0.21% 0.326 0.19% 0.387 0.22% Ceased insider Jul 2023
Chairman - Shares - Amt $7.603 $10.049 $14.131 $12.062 $11.095 $9.771 $16.539
Options - percentage 0.06% 0.089 0.07% 0.094 0.06% 0.100 0.07% 0.113 0.07% 0.117 0.07% 0.135 0.08%
Options - amount $2.127 $3.061 $4.485 $4.027 $3.932 $3.502 $5.747
Increase in O/S Shares 0.46% 0.310 0.24% 0.895 0.67% 0.782 0.53% 0.550 0.37% 0.558 0.36% 0.549 0.31% 0.936 0.53% 1.059 0.61%
due to SO $12.518 $8.324 $30.779 $37.309 $22.215 $19.402 $16.448 $39.977 $34.428
Book Value $7.800 $11.100 $70.000 $11.000 $11.000 $13.000 $16.000 $31.000 $35.000
Insider Buying -$0.049 -$0.493 -$0.151 -$0.152 -$0.040 -$0.270 -$2.151 -$0.197 -$0.884
Insider Selling $1.332 $0.846 $2.033 $5.858 $3.654 $4.537 $1.648 $17.648 $0.547
Net Insider Selling $1.283 $0.353 $1.882 $5.706 $3.614 $4.268 -$0.503 $17.451 -$0.336
% of Market Cap 0.04% 0.01% 0.03% 0.09% 0.07% 0.08% -0.01% 0.31% -0.01%
Directors 9 9 9 9 10 10 10 11
Women 25% 2 22% 2 22% 2 22% 2 22% 3 30% 3 30% 4 40% 5 45%
Minorities 0% 1 11% 1 11% 1 11% 1 11% 1 10% 1 10% 1 10% 1 9%
Institutions/Holdings 28.22% 112 28.22% 20 21.88% 20 23.84% 20 26.21% 20 24.11% 20 23.10% 20 25.88%
Total Shares Held 25.93% 54.858 41.04% 32.229 21.48% 35.860 23.26% 40.735 23.22% 42.311 24.07% 40.351 23.20% 45.137 25.88%
Increase/Decrease 3.98% 0.323 0.59% -1.174 -3.51% 1.871 5.50% -2.843 -6.52% 0.984 2.38% 2.901 7.75% -3.139 -6.50%
Starting No. of Shares 54.535 33.403 Top 10 MS 33.989 Top 10 MS 43.578 Top 10 MS 41.328 Top 10 MS 37.450 Top 10 MS 48.276 Top 10 MS
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