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.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q3 2023
Stella-Jones Inc TSX: SJ OTC: STLJF http://www.stella-jones.com/en Fiscal Yr: Dec 31 9/30/23
Year 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Value Description #Y Item Total G
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
Split Date 28-Oct-13
Split 4
$3,296.0 <-12 mths 7.54%
Revenue* $561.0 $640.1 $717.5 $970.1 $1,249.5 $1,559.3 $1,838.4 $1,886.1 $2,123.9 $2,169.0 $2,551 $2,750 $3,065 $3,366 $3,690 $3,797 327.18% <-Total Growth 10 Revenue
Increase 36.47% 14.10% 12.08% 35.21% 28.79% 24.80% 17.89% 2.60% 12.61% 2.12% 17.61% 7.80% 11.45% 9.82% 9.63% 2.90% 15.63% <-IRR #YR-> 10 Revenue 327.18%
5 year Running Average $370.1 $453.4 $542.9 $660.0 $827.7 $1,027.3 $1,267.0 $1,500.7 $1,731.4 $1,915.3 $2,113.7 $2,296.0 $2,531.8 $2,780.2 $3,084.4 $3,333.6 10.20% <-IRR #YR-> 5 Revenue 62.50%
Revenue per Share $8.81 $10.03 $10.45 $14.12 $18.12 $22.54 $26.53 $27.20 $30.66 $32.15 $38.54 $43.12 $51.85 $56.94 $62.42 $64.23 16.65% <-IRR #YR-> 10 5 yr Running Average 366.32%
Increase 8.71% 13.87% 4.16% 35.16% 28.32% 24.40% 17.66% 2.54% 12.73% 4.85% 19.88% 11.88% 20.24% 9.82% 9.63% 2.90% 11.03% <-IRR #YR-> 5 5 yr Running Average 68.71%
5 year Running Average $6.92 $8.01 $9.01 $10.30 $12.31 $15.05 $18.35 $21.70 $25.01 $27.82 $31.02 $34.34 $39.26 $44.52 $50.57 $55.71 17.37% <-IRR #YR-> 10 Revenue per Share 396.23%
P/S (Price/Sales) Med 0.83 0.92 1.45 1.67 1.69 1.90 1.69 1.65 1.46 1.31 0.91 1.07 0.79 1.16 0.00 0.00 13.77% <-IRR #YR-> 5 Revenue per Share 90.61%
P/S (Price/Sales) Close 0.94 1.01 1.83 1.93 1.81 2.33 1.64 1.86 1.29 1.17 1.20 0.93 0.94 1.40 1.27 1.42 15.86% <-IRR #YR-> 10 5 yr Running Average 335.82%
*Sales in M CDN $  P/S Med 20 yr  1.05 15 yr  1.31 10 yr  1.55 5 yr  1.07 -10.20% Diff M/C 12.59% <-IRR #YR-> 5 5 yr Running Average 80.92%
-$717 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,065
-$1,886 $0 $0 $0 $0 $3,065
-$543 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,532
-$1,501 $0 $0 $0 $0 $2,532
-$10.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $51.85
-$27.20 $0.00 $0.00 $0.00 $0.00 $51.85
-$9.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.26
-$21.70 $0.00 $0.00 $0.00 $0.00 $39.26
$5.26 <-12 mths 33.84%
EPS Basic $0.57 $0.87 $1.14 $1.35 $1.51 $2.05 $2.22 $2.42 $1.98 $2.37 $3.12 $3.49 $3.93 246.26% <-Total Growth 10 EPS Basic
EPS Diluted* $0.57 $0.87 $1.13 $1.34 $1.50 $2.04 $2.22 $2.42 $1.98 $2.37 $3.12 $3.49 $3.93 $5.58 $5.77 $6.22 247.02% <-Total Growth 10 EPS Diluted
Increase -4.64% 53.98% 30.17% 18.32% 11.94% 36.00% 8.82% 9.01% -18.18% 19.70% 31.65% 11.86% 12.61% 41.98% 3.41% 7.80% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 6.8% 8.6% 5.9% 4.9% 4.6% 3.9% 5.1% 4.8% 5.0% 6.3% 6.7% 8.7% 8.1% 7.0% 7.3% 6.8% 13.25% <-IRR #YR-> 10 Earnings per Share 247.02%
5 year Running Average $0.53 $0.62 $0.74 $0.90 $1.08 $1.38 $1.65 $1.90 $2.03 $2.21 $2.42 $2.68 $2.98 $3.70 $4.38 $5.00 10.18% <-IRR #YR-> 5 Earnings per Share 62.40%
10 year Running Average $0.33 $0.42 $0.52 $0.65 $0.78 $0.96 $1.13 $1.32 $1.47 $1.64 $1.90 $2.16 $2.44 $2.87 $3.29 $3.71 14.87% <-IRR #YR-> 10 5 yr Running Average 300.00%
* Diluted ESP per share  E/P 10 Yrs 5.05% 5Yrs 6.74% 9.36% <-IRR #YR-> 5 5 yr Running Average 56.41%
-$1.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.93
-$2.42 $0.00 $0.00 $0.00 $0.00 $3.93
-$0.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.98
-$1.90 $0.00 $0.00 $0.00 $0.00 $2.98
Dividend* $0.92 $1.06 $1.26 Estimates Dividend*
Increase 15.00% 15.22% 18.87% Estimates Increase
Payout Ratio EPS 16.49% 18.37% 20.26% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre-2013 split $0.38 $0.50
Dividend* $0.10 $0.13 $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $0.80 $0.92 $0.92 $0.92 416.13% <-Total Growth 10 Dividends
Increase 5.56% 31.58% 24.00% 29.03% 40.00% 14.29% 25.00% 10.00% 9.09% 16.67% 7.14% 20.00% 11.11% 15.00% 0.00% 0.00% 19 0 30 Years of data, Count P, N 63.33%
Average Increases 5 Year Running 32.9% 31.2% 21.7% 19.2% 26.0% 27.8% 26.5% 23.7% 19.7% 15.0% 13.6% 12.6% 12.8% 14.0% 10.7% 9.2% 19.44% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.37 $0.46 $0.43 $0.38 $0.35 $0.32 $0.27 $0.33 $0.38 $0.44 $0.50 $0.56 $0.63 $0.72 $0.79 $0.86 48.36% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 1.31% 1.36% 1.02% 0.85% 0.91% 0.75% 0.89% 0.98% 1.07% 1.33% 1.70% 1.56% 1.96% 1.40% 1.03% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 1.14% 1.20% 0.77% 0.69% 0.78% 0.60% 0.81% 0.86% 0.93% 1.16% 1.28% 1.35% 1.59% 1.09% 0.89% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 1.53% 1.56% 1.51% 1.10% 1.10% 1.00% 0.99% 1.15% 1.27% 1.54% 2.53% 1.86% 2.56% 1.96% 1.21% <-Median-> 10 Yield on Low Price CFPS
Yield on Close Price 1.14% 1.23% 0.81% 0.73% 0.86% 0.61% 0.92% 0.87% 1.21% 1.49% 1.30% 1.80% 1.65% 1.16% 1.16% 1.01% 1.06% <-Median-> 10 Yield on Close Price FCF 
Payout Ratio EPS 16.81% 14.37% 13.69% 14.93% 18.67% 15.69% 18.02% 18.18% 24.24% 23.63% 19.23% 20.63% 20.36% 16.49% 15.94% 14.79% 18.95% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 68.42% 73.45% 57.22% 42.33% 32.09% 22.96% 16.46% 17.23% 18.90% 19.95% 20.48% 20.93% 21.22% 19.47% 18.09% 17.13% 20.70% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 7.41% 24.33% 37.33% 13.18% 25.10% 395.38% 15.25% 10.13% 25.96% 42.02% 22.31% 11.83% 18.55% 17.66% 16.40% #DIV/0! 20.43% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 70.90% 79.00% 72.38% 42.10% 35.82% 43.37% 23.55% 16.94% 19.18% 21.51% 19.32% 17.18% 19.42% 18.34% 16.56% #DIV/0! 20.47% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 12.08% 7.75% 9.16% 8.56% 10.63% 8.70% 10.31% 12.42% 12.69% 12.39% 9.88% 8.75% 10.35% 17.66% 16.40% #DIV/0! 10.33% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 50.35% 48.39% 37.26% 26.32% 19.14% 13.22% 9.53% 10.20% 10.96% 11.34% 11.38% 10.71% 10.42% 11.33% 12.05% #DIV/0! 11.15% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 1.03% 1.06% 5 Yr Med 5 Yr Cl 1.56% 1.49% 5 Yr Med Payout 20.63% 22.31% 10.35% 12.70% <-IRR #YR-> 5 Dividends 81.82%
* Dividends per share  10 Yr Med and Cur. 12.75% 8.69% 5 Yr Med and Cur. -25.89% -22.46% Last Div Inc ---> $0.20 $0.23 15.00% 17.84% <-IRR #YR-> 10 Dividends 416.13%
Dividends Growth 15 18.85% <-IRR #YR-> 15 Dividends 1233.33%
Dividends Growth 20 21.06% <-IRR #YR-> 20 Dividends 4471.43%
Dividends Growth 25 19.96% <-IRR #YR-> 21 Dividends
Dividends Growth 5 -$0.44 $0.00 $0.00 $0.00 $0.00 $0.80 Dividends Growth 5
Dividends Growth 10 -$0.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.80 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.80 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.80 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 $0.80 Dividends Growth 25
Historical Dividends Historical High Div 3.57% Low Div 0.60% 10 Yr High 2.56% 10 Yr Low 0.61% Med Div 1.28% Close Div 1.22% Historical Dividends
High/Ave/Median Values Curr diff Exp. -67.58%     92.90% Exp. -54.79% 89.73% Exp. -9.58% Exp. -5.38% High/Ave/Median 
Future Dividend Yield Div Yield 2.10% earning in 5 Years at IRR of 12.70% Div Inc. 81.82% Future Dividend Yield
Future Dividend Yield Div Yield 3.83% earning in 10 Years at IRR of 12.70% Div Inc. 230.58% Future Dividend Yield
Future Dividend Yield Div Yield 6.96% earning in 15 Years at IRR of 12.70% Div Inc. 501.05% Future Dividend Yield
Future Dividend Yield Div Yield 12.65% earning in 20 Years at IRR of 12.70% Div Inc. 992.82%
Future Dividend Yield Div Yield 23.00% earning in 25 Years at IRR of 12.70% Div Inc. 1886.95%
Future Dividend Paid Div Paid $1.67 earning in 5 Years at IRR of 12.70% Div Inc. 81.82% Future Dividend Paid
Future Dividend Paid Div Paid $3.04 earning in 10 Years at IRR of 12.70% Div Inc. 230.58% Future Dividend Paid
Future Dividend Paid Div Paid $5.53 earning in 15 Years at IRR of 12.70% Div Inc. 501.05% Future Dividend Paid
Future Dividend Paid Div Paid $10.05 earning in 20 Years at IRR of 12.70% Div Inc. 992.82% Future Dividend Paid
Future Dividend Paid Div Paid $18.28 earning in 25 Years at IRR of 12.70% Div Inc. 1886.95% Future Dividend Paid
Dividend Covering Cost Total Div $5.93 over 5 Years at IRR of 12.70% Div Cov. 7.46% Dividend Covering Cost
Dividend Covering Cost Total Div $15.03 over 10 Years at IRR of 12.70% Div Cov. 18.91% Dividend Covering Cost
Dividend Covering Cost Total Div $31.58 over 15 Years at IRR of 12.70% Div Cov. 39.73% Dividend Covering Cost
Total Div $48.13 over 15 Years at IRR of 12.70% Div Cov. 60.55%
Total Div $64.68 over 15 Years at IRR of 12.70% Div Cov. 81.37%
Yield if held 5 years 3.81% 2.69% 1.56% 2.96% 5.79% 4.40% 4.34% 2.90% 2.03% 1.82% 1.40% 1.60% 1.78% 2.05% 2.18% 2.61% 2.46% <-Median-> 10 Paid Median Price
Yield if held 10 years 14.76% 22.99% 26.11% 25.60% 21.94% 12.83% 8.60% 4.43% 7.11% 11.58% 8.25% 7.81% 5.26% 3.90% 3.00% 2.15% 8.43% <-Median-> 10 Paid Median Price
Yield if held 15 years 18.31% 29.85% 36.47% 35.96% 52.09% 49.71% 73.56% 74.11% 61.44% 43.88% 24.06% 15.48% 8.06% 13.63% 19.02% 12.66% 46.79% <-Median-> 10 Paid Median Price
Yield if held 20 years 24.75% 61.69% 95.52% 103.53% 86.29% 104.19% 93.20% 132.41% 134.74% 117.76% 72.09% 36.89% 95.52% <-Median-> 9 Paid Median Price
Yield if held 25 years 49.50% 115.66% 171.94% 188.24% 165.39% 171.16% 142.91% 143.80% <-Median-> 4 Paid Median Price
Cost covered if held 5 years 14.64% 9.78% 5.54% 9.85% 17.67% 14.86% 14.70% 10.79% 8.13% 7.16% 5.79% 6.23% 7.04% 8.04% 9.39% 12.15% 8.99% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 72.23% 105.29% 119.58% 113.92% 90.11% 57.94% 38.92% 22.05% 38.30% 63.15% 48.98% 45.07% 31.59% 23.37% 20.06% 15.79% 47.02% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 89.64% 140.90% 175.29% 169.89% 227.91% 240.00% 354.48% 395.79% 359.68% 262.49% 157.39% 99.14% 53.87% 91.65% 145.01% 107.86% 233.95% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 108.29% 297.83% 464.48% 561.18% 515.06% 637.21% 625.24% 869.43% 928.00% 820.48% 572.77% 329.02% 561.18% <-Median-> 9 Paid Median Price
Cost covered if held 25 years 302.76% 775.90% 1133.13% 1304.71% 1162.25% 1373.95% 1290.10% 954.52% <-Median-> 4 Paid Median Price
Yr  Item Growth
Revenue Growth  $1,886 $2,124 $2,169 $2,551 $2,750 $3,065 $3,296.0 <-12 mths 7.54% 62.50% <-Total Growth 5 Revenue Growth  62.50%
EPS Growth $2.42 $1.98 $2.37 $3.12 $3.49 $3.93 $5.26 <-12 mths 33.84% 62.40% <-Total Growth 5 EPS Growth 62.40%
Net Income Growth $168 $138 $163 $210 $227 $241 $306.0 <-12 mths 26.97% 43.55% <-Total Growth 5 Net Income Growth 43.55%
Cash Flow Growth $301 $128 $90 $178 $388 $255 $95.0 <-12 mths -62.75% -18.08% <-Total Growth 5 Cash Flow Growth -18.08%
Dividend Growth $0.44 $0.48 $0.56 $0.60 $0.72 $0.80 $0.92 <-12 mths 15.00% 81.82% <-Total Growth 5 Dividend Growth 81.82%
Stock Price Growth $50.50 $39.61 $37.52 $46.28 $40.01 $48.52 $79.49 <-12 mths 63.83% -4.08% <-Total Growth 5 Stock Price Growth -4.08%
Revenue Growth  $717 $970 $1,249 $1,559 $1,838 $1,886 $2,124 $2,169 $2,551 $2,750 $3,065 $3,296.0 <-12 mths 7.54% 327.18% <-Total Growth 10 Revenue Growth  327.18%
EPS Growth $1.13 $1.34 $1.50 $2.04 $2.22 $2.42 $1.98 $2.37 $3.12 $3.49 $3.93 $5.26 <-12 mths 33.84% 247.02% <-Total Growth 10 EPS Growth 247.02%
Net Income Growth $73 $93 $104 $141 $154 $168 $138 $163 $210 $227 $241 $306.0 <-12 mths 26.97% 229.82% <-Total Growth 10 Net Income Growth 229.82%
Cash Flow Growth $29 $104 $77 $6 $182 $301 $128 $90 $178 $388 $255 $95.0 <-12 mths -62.75% 794.23% <-Total Growth 10 Cash Flow Growth 794.23%
Dividend Growth $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $0.80 $0.9 <-12 mths 15.00% 416.13% <-Total Growth 10 Dividend Growth 416.13%
Stock Price Growth $19.16 $27.25 $32.74 $52.51 $43.58 $50.50 $39.61 $37.52 $46.28 $40.01 $48.52 $79.49 <-12 mths 63.83% 153.24% <-Total Growth 10 Stock Price Growth 153.24%
Dividends on Shares $10.60 $14.84 $16.96 $21.20 $23.32 $25.44 $29.68 $31.80 $38.16 $42.40 $48.76 $48.76 $48.76 $254.40 No of Years 10 Total Divs 12/31/12
Paid  $1,015.48 $1,444.25 $1,735.22 $2,783.03 $2,309.74 $2,676.50 $2,099.33 $1,988.56 $2,452.84 $2,120.53 $2,571.56 $4,212.97 $4,212.97 $4,823.00 $2,571.56 No of Years 10 Worth $19.16
Total $2,825.96
Graham No. $7.49 $10.09 $13.19 $15.85 $18.41 $24.62 $27.20 $29.60 $28.71 $31.91 $38.16 $42.22 $48.26 $59.80 $60.81 $63.14 265.92% <-Total Growth 10 Graham Price
Price/GP Ratio Med 0.97 0.91 1.15 1.49 1.67 1.74 1.65 1.52 1.56 1.32 0.92 1.09 0.85 1.10 1.50 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.11 1.03 1.53 1.83 1.96 2.17 1.82 1.74 1.80 1.51 1.23 1.27 1.04 1.42 1.77 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.83 0.80 0.78 1.15 1.38 1.31 1.48 1.29 1.32 1.14 0.62 0.92 0.65 0.79 1.22 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.11 1.00 1.45 1.72 1.78 2.13 1.60 1.71 1.38 1.18 1.21 0.95 1.01 1.33 1.31 1.44 1.49 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 11.05% 0.35% 45.28% 71.96% 77.86% 113.27% 60.23% 70.63% 37.98% 17.58% 21.28% -5.25% 0.54% 32.92% 30.71% 44.12% 49.10% <-Median-> 10 Graham Price
Pre-2013 split $33.29 $40.50
Price Close $8.32 $10.13 $19.16 $27.25 $32.74 $52.51 $43.58 $50.50 $39.61 $37.52 $46.28 $40.01 $48.52 $79.49 $79.49 $91.00 153.24% <-Total Growth 10 Stock Price
Increase 29.28% 21.66% 89.23% 42.22% 20.15% 60.38% -17.01% 15.88% -21.56% -5.28% 23.35% -13.55% 21.27% 63.83% 0.00% 14.48% 18.86 <-Median-> 10 CAPE (10 Yr P/E)
P/E 14.73 11.64 16.92 20.34 21.83 25.74 19.63 20.87 20.01 15.83 14.83 11.46 12.35 14.25 13.78 14.63 -0.80% <-IRR #YR-> 5 Stock Price -3.92%
Trailing P/E 14.05 17.92 22.02 24.06 24.43 35.01 21.36 22.75 16.37 18.95 19.53 12.82 13.90 20.23 14.25 15.77 9.74% <-IRR #YR-> 10 Stock Price 153.24%
CAPE (10 Yr P/E) 13.48 13.02 13.99 15.38 16.77 18.80 18.93 19.24 19.80 19.55 18.92 18.01 17.15 16.43 15.72 14.99 0.47% <-IRR #YR-> 5 Price & Dividend 2.34%
Median 10, 5 Yrs D.  per yr 1.53% 1.27% % Tot Ret 13.60% 268.37% T P/E 20.45 16.37 P/E:  19.82 14.83 11.27% <-IRR #YR-> 10 Price & Dividend 178.29%
Price 15 D.  per yr 1.35% % Tot Ret 11.00% CAPE Diff -24.45% 10.92% <-IRR #YR-> 15 Stock Price 373.37%
Price  20 D.  per yr 3.11% % Tot Ret 11.59% 23.72% <-IRR #YR-> 20 Stock Price 6957.45%
Price  25 D.  per yr 1.90% % Tot Ret 8.62% 20.08% <-IRR #YR-> 25 Stock Price 9604.00%
Price  30 D.  per yr 1.06% % Tot Ret 6.71% 14.77% <-IRR #YR-> 28 Stock Price
Price & Dividend 15 12.27% <-IRR #YR-> 15 Price & Dividend 425.56%
Price & Dividend 20 26.83% <-IRR #YR-> 20 Price & Dividend 7758.91%
Price & Dividend 25 21.98% <-IRR #YR-> 25 Price & Dividend 107.13
Price & Dividend 30 15.83% <-IRR #YR-> 28 Price & Dividend
Price  5 -$50.50 $0.00 $0.00 $0.00 $0.00 $48.52 Price  5
Price 10 -$19.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.52 Price 10
Price & Dividend 5 -$50.50 $0.48 $0.56 $0.60 $0.72 $49.32 Price & Dividend 5
Price & Dividend 10 -$19.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $49.32 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 $48.52 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 $48.52 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 $48.52 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 $48.52 Price  30
Price & Dividend 15 $0.10 $0.13 $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $49.32 Price & Dividend 15
Price & Dividend 20 $0.10 $0.13 $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $49.32 Price & Dividend 20
Price & Dividend 25 $0.10 $0.13 $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $49.32 Price & Dividend 25
Price & Dividend 30 $0.10 $0.13 $0.16 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $49.32 Price & Dividend 30
Price H/L Median $7.27 $9.22 $15.20 $23.62 $30.72 $42.81 $44.94 $44.86 $44.78 $42.19 $35.23 $46.11 $40.84 $65.79 14.48% 168.74% <-Total Growth 10 Stock Price
Increase 50.26% 26.83% 64.83% 55.41% 30.07% 39.38% 4.98% -0.19% -0.18% -5.78% -16.50% 30.89% -11.43% 61.11% 1.16% 10.39% <-IRR #YR-> 10 Stock Price 168.74%
P/E 12.87 10.60 13.42 17.62 20.48 20.99 20.24 18.54 22.61 17.80 11.29 13.21 10.39 11.79 15.64% -1.86% <-IRR #YR-> 5 Stock Price -8.96%
Trailing P/E 12.27 16.32 17.47 20.85 22.92 28.54 22.03 20.20 18.50 21.31 14.86 14.78 11.70 16.74 12.27% <-IRR #YR-> 10 Price & Dividend 201.35%
P/E on Run. 5 yr Ave 13.62 14.88 20.41 26.24 28.40 31.10 27.29 23.56 22.03 19.12 14.54 17.23 13.71 17.79 -0.40% <-IRR #YR-> 5 Price & Dividend -0.94%
P/E on Run. 10 yr Ave 21.86 22.04 29.15 36.58 39.48 44.83 39.66 33.87 30.54 25.66 18.55 21.33 16.73 22.96 12.00 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 1.88% 1.46% % Tot Ret 15.30% 0.00% T P/E 20.53 14.86 P/E:  18.17 13.21 Count 28 Years of data
-$15.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $40.84
-$44.86 $0.00 $0.00 $0.00 $0.00 $40.84
-$15.20 $0.20 $0.28 $0.32 $0.40 $0.44 $0.48 $0.56 $0.60 $0.72 $41.64
-$44.86 $0.48 $0.56 $0.60 $0.72 $41.64
High Months Dec Mar Dec Oct Nov Dec Mar Dec Jan Jun Aug Apr Dec Nov
Pre-2013 split $33.29 $41.60
Price High $8.32 $10.40 $20.14 $28.98 $36.00 $53.46 $49.51 $51.41 $51.79 $48.08 $46.76 $53.46 $50.39 $84.63 150.20% <-Total Growth 10 Stock Price
Increase 29.28% 24.96% 93.65% 43.89% 24.22% 48.50% -7.39% 3.84% 0.74% -7.16% -2.75% 14.33% -5.74% 67.95% 9.60% <-IRR #YR-> 10 Stock Price 150.20%
P/E 14.73 11.95 17.78 21.63 24.00 26.21 22.30 21.24 26.16 20.29 14.99 15.32 12.82 15.17 -0.40% <-IRR #YR-> 5 Stock Price -1.98%
Trailing P/E 14.05 18.41 23.15 25.59 26.87 35.64 24.27 23.16 21.40 24.28 19.73 17.13 14.44 21.53 14.99 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 23.71 19.73 P/E:  21.44 15.32 23.65 P/E Ratio Historical High
-$20.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.39
-$51.41 $0.00 $0.00 $0.00 $0.00 $50.39
Low Mths Nov Jan Jan Jan Feb Jan Feb Mar Dec Dec Mar Dec Jun Feb
Price Low $6.22 $8.04 $10.25 $18.25 $25.43 $32.16 $40.37 $38.30 $37.76 $36.29 $23.69 $38.75 $31.28 $46.95 205.17% <-Total Growth 10 Stock Price
Increase 91.97% 29.32% 27.53% 78.05% 39.34% 26.46% 25.53% -5.13% -1.41% -3.89% -34.72% 63.57% -19.28% 50.10% 11.80% <-IRR #YR-> 10 Stock Price 205.17%
P/E 11.00 9.24 9.05 13.62 16.95 15.76 18.18 15.83 19.07 15.31 7.59 11.10 7.96 8.41 -3.97% <-IRR #YR-> 5 Stock Price -18.33%
Trailing P/E 10.49 14.23 11.78 16.11 18.98 21.44 19.79 17.25 15.60 18.33 10.00 12.42 8.96 11.95 9.05 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 16.68 12.42 P/E:  15.54 11.10 5.46 P/E Ratio Historical Low
-$10.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.28
-$58 <-12 mths -139.46%
Free Cash Flow MS $76 $24 $13 $78 $52 -$33 $112 $248 $72 $22 $123 $187 $147 $119 $181 $231 1030.77% <-Total Growth 10 Free Cash Flow
Change -68.42% -45.83% 500.00% -33.33% -163.46% 439.39% 121.43% -70.97% -69.44% 459.09% 52.03% -21.39% -19.05% 52.10% 27.62% -9.93% <-IRR #YR-> 5 Free Cash Flow MS -40.73%
FCF/CF from Op Ratio 0.93 0.73 0.46 0.75 0.68 -5.89 0.62 0.82 0.56 0.24 0.69 0.48 0.58 0.39 0.55 #DIV/0! 27.45% <-IRR #YR-> 10 Free Cash Flow MS 1030.77%
Dividends paid $6 $8 $11 $14 $19.27 $22.09 $27.69 $30.50 $33.29 $38.47 $40 $47 $49 $54 $54 $54 360.35% <-Total Growth 10 Dividends paid
Percentage paid -66.94% 24.72% 12.30% 46.24% 174.86% 32.52% 25.13% 33.33% 45.70% 30.05% 23.54% $0.29 <-Median-> 8 Percentage paid
5 Year Coverage 36.11% 29.45% 29.03% 37.71% 38.27% 32.33% 29.96% 5 Year Coverage
Dividend Coverage Ratio -1.49 4.04 8.13 2.16 0.57 3.08 3.98 3.00 2.19 3.33 4.25 3.04 <-Median-> 8 Dividend Coverage Ratio
5 Year of Coverage 2.77 3.40 3.44 2.65 2.61 3.09 3.34 5 Year of Coverage
$802 <-12 mths 407.59%
Free Cash Flow WSJ, Mk Sc $52.72 -$31.77 $118.62 $248.94 $76.50 $24.08 $136 $203 $158 $119 $181 $231 199.72% <-Total Growth 8 Free Cash Flow
Change -160.26% 473.42% 109.87% -69.27% -68.52% 464.83% 49.26% -22.17% -24.68% 52.10% 27.62% -8.69% <-IRR #YR-> 5 Free Cash Flow WSJ, Mk Sc -36.53%
FCF/CF from Op Ratio 0.81 -0.64 1.49 1.86 0.55 0.17 0.77 0.94 0.76 0.49 0.62 #DIV/0! 14.71% <-IRR #YR-> 8 Free Cash Flow WSJ, Mk Sc #DIV/0!
Dividends paid $19.27 $22.09 $27.69 $30.50 $33.29 $38.47 $40 $47 $49 $54 $54 $54 154.32% <-Total Growth 8 Dividends paid
Percentage paid 36.55% -69.54% 23.34% 12.25% 43.52% 159.77% 29.41% 23.15% 31.01% 45.70% 30.05% 23.54% $0.29 <-Median-> 9 Percentage paid
5 Year Coverage 28.57% 34.84% 28.13% 27.49% 34.77% 35.75% 30.71% 29.05% 5 Year Coverage
Dividend Coverage Ratio -1.44 4.28 8.16 2.30 0.63 3.40 4.32 3.22 2.19 3.33 4.25 3.31 <-Median-> 8 Dividend Coverage Ratio
5 Year of Coverage 2.87 3.55 3.64 2.88 2.80 3.26 3.44 5 Year of Coverage
Market Cap $530 $646 $1,316 $1,872 $2,257 $3,632 $3,020 $3,502 $2,744 $2,531 $3,063 $2,552 $2,868 $4,699 $4,699 $5,380 118.00% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 60.816 64.028 64.580 69.053 69.027 69.153 69.231 69.333 69.360 68.768 67.3 65.0 61.4 65.2 -4.92% <-Total Growth 10 Diluted
Change 19.68% 5.28% 0.86% 6.93% -0.04% 0.18% 0.11% 0.15% 0.04% -0.85% -2.13% -3.42% -5.54% 6.19% 0.00% <-Median-> 10 Change
Difference Diluted/Basic -0.3% -0.4% -0.4% -0.5% -0.3% -0.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -0.01% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 60.652 63.784 64.312 68.681 68.802 69.018 69.215 69.324 69.352 68.768 67.3 65.0 61.4 65.2 -4.53% <-Total Growth 10 Average
Change 19.98% 5.16% 0.83% 6.79% 0.18% 0.31% 0.29% 0.16% 0.04% -0.84% -2.13% -3.42% -5.54% 6.19% 0.10% <-Median-> 10 Change
Difference Basic/Outstanding 5.0% 0.1% 6.8% 0.0% 0.2% 0.2% 0.1% 0.0% -0.1% -1.9% -1.7% -1.9% -3.7% -9.3% -0.05% <-Median-> 10 Difference Basic/Outstanding
$95.00 <-12 mths -62.75%
# of Shares in Millions 63.69 63.82 68.67 68.70 68.95 69.17 69.30 69.34 69.27 67.47 66.19 63.77 59.12 59.12 59.12 59.12 -1.49% <-IRR #YR-> 10 Shares -13.92%
Change 25.54% 0.20% 7.60% 0.04% 0.37% 0.32% 0.20% 0.06% -0.11% -2.60% -1.90% -3.65% -7.30% 0.00% 0.00% 0.00% -3.14% <-IRR #YR-> 5 Shares -14.75%
Cash Flow from Operations $M $81.6 $32.8 $28.5 $104.2 $76.9 $5.6 $181.8 $301.1 $128.1 $89.9 $178 $388 $255 $308 $332 794.23% <-Total Growth 10 Cash Flow
Increase 101.60% -59.82% -13.05% 265.47% -26.18% -92.72% 3148.09% 65.60% -57.47% -29.79% 97.96% 117.98% -34.28% 20.78% 7.68% S.Issue SO, ESPP
5 year Running Average $29.3 $33.8 $36.0 $57.5 $64.8 $49.6 $79.4 $133.9 $138.7 $141.3 $176 $217 $208 $244 $292 476.88% <-Total Growth 10 CF 5 Yr Running
CFPS $1.28 $0.51 $0.42 $1.52 $1.12 $0.08 $2.62 $4.34 $1.85 $1.33 $2.69 $6.08 $4.31 $5.21 $5.61 938.79% <-Total Growth 10 Cash Flow per Share
Increase 60.59% -59.90% -19.19% 265.34% -26.45% -92.75% 3141.71% 65.51% -57.42% -27.91% 101.79% 126.23% -29.10% 20.78% 7.68% 24.49% <-IRR #YR-> 10 Cash Flow 794.23%
5 year Running Average $0.51 $0.58 $0.59 $0.91 $0.97 $0.73 $1.15 $1.94 $2.00 $2.05 $2.57 $3.26 $3.25 $3.93 $4.78 -3.27% <-IRR #YR-> 5 Cash Flow -15.31%
P/CF on Med Price 5.67 17.94 36.59 15.57 27.53 528.95 17.13 10.33 24.22 31.65 13.10 7.58 9.47 12.63 0.03 26.37% <-IRR #YR-> 10 Cash Flow per Share 938.79%
P/CF on Closing Price 6.50 19.70 46.14 17.96 29.34 648.80 16.61 11.63 21.42 28.15 17.21 6.58 11.25 15.26 14.17 -0.13% <-IRR #YR-> 5 Cash Flow per Share -0.66%
-13.32% Diff M/C 18.65% <-IRR #YR-> 10 CFPS 5 yr Running 452.85%
$586.00 <-12 mths 28.23%
Excl.Working Capital CF -$31.5 $70.2 $87.7 $56.4 $104.7 $248.7 $87.0 -$55.4 $134.0 $215.1 $224 $137 $202 $0 $0 10.94% <-IRR #YR-> 5 CFPS 5 yr Running 68.07%
CF fr Op $M WC $50.1 $103.0 $116.3 $160.6 $181.6 $254.3 $268.9 $245.7 $262.0 $305.0 $402 $525 $457 $308 $332 293.10% <-Total Growth 10 Cash Flow less WC
Increase 22.37% 105.59% 12.89% 38.13% 13.11% 40.02% 5.72% -8.61% 6.65% 16.40% 31.79% 30.60% -12.95% -32.61% 7.68% 14.67% <-IRR #YR-> 10 Cash Flow less WC 293.10%
5 year Running Average $38.4 $53.7 $70.3 $94.2 $122.3 $163.2 $196.3 $222.2 $242.5 $267.2 $297 $348 $390 $399 $405 13.21% <-IRR #YR-> 5 Cash Flow less WC 85.99%
CFPS Excl. WC $0.79 $1.61 $1.69 $2.34 $2.63 $3.68 $3.88 $3.54 $3.78 $4.52 $6.07 $8.23 $7.73 $5.21 $5.61 18.70% <-IRR #YR-> 10 CF less WC 5 Yr Run 455.35%
Increase -2.52% 105.18% 4.91% 38.08% 12.70% 39.58% 5.51% -8.66% 6.76% 19.51% 34.34% 35.54% -6.09% -32.61% 7.68% 11.92% <-IRR #YR-> 5 CF less WC 5 Yr Run 75.59%
5 year Running Average $0.72 $0.94 $1.14 $1.45 $1.81 $2.39 $2.84 $3.21 $3.50 $3.88 $4.36 $5.23 $6.07 $6.35 $6.57 16.40% <-IRR #YR-> 10 CFPS - Less WC 356.64%
P/CF on Med Price 9.24 5.71 8.98 10.10 11.66 11.64 11.58 12.66 11.84 9.33 5.80 5.60 5.28 12.63 0.03 16.88% <-IRR #YR-> 5 CFPS - Less WC 118.16%
P/CF on Closing Price 10.58 6.27 11.32 11.66 12.43 14.28 11.23 14.25 10.47 8.30 7.62 4.86 6.28 15.26 14.17 18.16% <-IRR #YR-> 10 CFPS 5 yr Running 430.73%
*Operational Cash Flow  CF/CF-WC P/CF Med 10 yr 16.35 5 yr  13.10 P/CF Med 10 yr 10.84 5 yr  5.80 40.71% Diff M/C 13.55% <-IRR #YR-> 5 CFPS 5 yr Running 88.78%
-$0.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.31 Cash Flow per Share
-$4.34 $0.00 $0.00 $0.00 $0.00 $4.31 Cash Flow per Share
-$0.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3.3 CFPS 5 yr Running
-$1.9 $0.0 $0.0 $0.0 $0.0 $3.3 CFPS 5 yr Running
-$116.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $457.0 Cash Flow less WC
-$245.7 $0.0 $0.0 $0.0 $0.0 $457.0 Cash Flow less WC
-$70.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $390.2 CF less WC 5 Yr Run
-$222.2 $0.0 $0.0 $0.0 $0.0 $390.2 CF less WC 5 Yr Run
OPM 14.55% 5.12% 3.97% 10.74% 6.16% 0.36% 9.89% 15.96% 6.03% 4.15% 6.98% 14.11% 8.32% 9.15% 109.33% <-Total Growth 10 OPM
Increase 47.72% -64.78% -22.42% 170.29% -42.69% -94.17% 2655.10% 61.41% -62.23% -31.25% 68.32% 102.20% -41.03% 9.98% Should increase  or be stable.
Diff from Ave 90.2% -33.0% -48.0% 40.4% -19.5% -95.3% 29.3% 108.7% -21.2% -45.8% -8.8% 84.5% 8.8% 19.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 7.65% 5 Yrs 6.98% should be  zero, it is a   check on calculations
$522 <-12 mths 16.52%
EBITDA $96.7 $120.3 $155.0 $176.3 $243.4 $264.8 $243.1 $244.4 $313 $385 $400 $448 $607 $615 $630 272.40% <-Total Growth 10 EBITDA
Change 24.43% 28.84% 13.74% 38.06% 8.79% -8.19% 0.53% 28.07% 23.00% 3.90% 12.00% 35.49% 1.32% 2.44% 12.87% <-Median-> 10 Change
Margin 15.10% 16.77% 15.98% 14.11% 15.61% 14.40% 12.89% 11.51% 14.43% 15.09% 14.55% 14.62% 18.03% 16.67% 16.59% 14.49% <-Median-> 10 Margin
Long Term Debt $444.56 $669.88 $687.47 $449.95 $503.77 $598.37 $595 $701 $940 $1,088 Debt Type
Change 50.68% 2.63% -34.55% 11.96% 18.78% -0.56% 17.82% 34.09% 15.74% 14.89% <-Median-> 8 Change Lg Term R
Debt/Market Cap Ratio 0.20 0.18 0.23 0.13 0.18 0.24 0.19 0.27 0.33 0.23 0.20 <-Median-> 9 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 15.62 11.33 16.00 13.84 12.94 12.52 11.13 11.01 11.86 8.18 12.52 <-Median-> 9 Assets/Current Liab Ratio Liquidity
Current Liabilities/Asset Ratio 0.06 0.09 0.06 0.07 0.08 0.08 0.09 0.09 0.08 0.12 0.08 <-Median-> 9 Current Liab/Asset Ratio Liq. + CF
Debt to Cash Flow (Years) 5.78 119.66 3.78 1.49 3.93 6.65 3.34 1.81 3.69 3.53 3.78 <-Median-> 9 Debt to Cash Flow (Years) Debt Ratio
Leverage
Intangibles $91.72 $93.11 $93.99 $110.33 $140.94 $146.26 $124.36 $131.66 $114.74 $115 $158 $171 $173 83.66% <-Total Growth 10 Goodwill D/E Ratio
Goodwill $93.11 $156.21 $195.02 $245.70 $285.59 $270.26 $298.27 $284.90 $280 $341 $369 $383 296.33% <-Total Growth 10 Intangibles
Total $92 $186 $250 $305 $387 $432 $395 $430 $400 $395 $499 $540 $556 190.00% <-Total Growth 10 Total
Change 103.02% 34.36% 22.04% 26.62% 11.70% -8.62% 8.95% -7.04% -1.23% 26.41% 8.22% 2.96% 10.32% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.14 0.14 0.13 0.14 0.11 0.14 0.11 0.16 0.16 0.13 0.20 0.19 0.12 0.14 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $272.25 $330.52 $534.86 $581.90 $697.50 $1,011.16 $1,050.52 $908.38 $1,068.39 $1,192 $1,319 $1,388 $1,583 $3,550 Liquidity ratio of 1.5 and up, best
Current Liabilities $79.85 $57.33 $90.06 $64.85 $82.41 $156.80 $122.65 $129.02 $159.37 $182 $218 $242 $259 $434 6.62 <-Median-> 10 Ratio
Liquidity Ratio 3.41 5.77 5.94 8.97 8.46 6.45 8.57 7.04 6.70 6.54 6.05 5.74 6.11 8.18 6.11 <-Median-> 5 Ratio
Liq. with CF aft div 4.36 6.20 6.14 10.37 9.16 6.34 9.82 9.14 7.30 6.83 6.68 7.15 6.91 8.76 6.91 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  2.06 3.74 2.06 4.60 4.51 3.88 4.04 6.29 4.34 5.02 5.36 3.98 4.34 8.76 4.34 <-Median-> 5 Ratio
Assets $521.63 $617.06 $955.86 $1,071.92 $1,287.50 $1,776.22 $1,961.96 $1,785.98 $2,062.20 $2,281 $2,426 $2,665 $3,073 $3,550 Debt Ratio of 1.5 and up, best
Liabilities $240.25 $285.14 $487.11 $499.74 $595.23 $862.72 $935.54 $670.44 $780.79 $993 $1,053 $1,217 $1,516 $1,866 2.18 <-Median-> 10 Ratio
Debt Ratio 2.17 2.16 1.96 2.14 2.16 2.06 2.10 2.66 2.64 2.30 2.30 2.19 2.03 1.90 2.30 <-Median-> 5 Ratio
Estimates BVPS $29.60 $31.80 $34.70 Estimates Estimates BVPS
Estimate Book Value $1,749.8 $1,879.9 $2,051.3 Estimates Estimate Book Value
P/B Ratio (Close) 2.69 2.50 2.62 Estimates P/B Ratio (Close)
Difference from 10 year median 3.12% Diff M/C Estimates Difference from 10 yr med.
Book Value $281.39 $331.91 $468.75 $572.18 $692.27 $913.50 $1,026.42 $1,115.55 $1,281.41 $1,288 $1,373 $1,448 $1,557 $1,684 $1,684 $1,684 232.16% <-Total Growth 10 Book Value
Book Value per share $4.42 $5.20 $6.83 $8.33 $10.04 $13.21 $14.81 $16.09 $18.50 $19.10 $20.74 $22.71 $26.34 $28.49 $28.49 $28.49 285.85% <-Total Growth 10 Book Value per Share
Change 24.54% 17.72% 31.25% 22.02% 20.55% 31.54% 12.14% 8.62% 14.99% 3.22% 8.63% 9.45% 16.00% 8.16% 0.00% 0.00% 65.47% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.65 1.77 2.23 2.84 3.06 3.24 3.03 2.79 2.42 2.21 1.70 2.03 1.55 2.31 0.01 0.00 1.69 P/B Ratio Historical Median
P/B Ratio (Close) 1.88 1.95 2.81 3.27 3.26 3.98 2.94 3.14 2.14 1.96 2.23 1.76 1.84 2.79 2.79 3.19 14.46% <-IRR #YR-> 10 Book Value per Share 285.85%
Change 3.81% 3.35% 44.18% 16.56% -0.33% 21.93% -25.99% 6.68% -31.79% -8.23% 13.54% -21.02% 4.54% 51.47% 0.00% 14.48% 10.36% <-IRR #YR-> 5 Book Value per Share 63.72%
Leverage (A/BK) 1.85 1.86 2.04 1.87 1.86 1.94 1.91 1.60 1.61 1.77 1.77 1.84 1.97 2.11 0.00 0.00 1.77 <-Median-> 5 A/BV
Debt/Equity Ratio 0.85 0.86 1.04 0.87 0.86 0.94 0.91 0.60 0.61 0.77 0.77 0.84 0.97 1.11 0.00 0.00 0.77 <-Median-> 5 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.60 5 yr Med 2.03 7.15% Diff M/C 1.95 Historical Leverage (A/BK)
-$6.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $26.34
-$16.09 $0.00 $0.00 $0.00 $0.00 $26.34
$290 <-12 mths -14.20%
Comprehensive Income $28.88 $58.77 $67.69 $116.52 $137.06 $241.16 $138.21 $118.24 $203.44 $112.96 $184 $228 $338 399.37% <-Total Growth 10 Comprehensive Income
Increase 28.76% 103.51% 15.16% 72.15% 17.63% 75.95% -42.69% -14.44% 72.05% -44.48% 62.89% 23.91% 48.25% 48.25% <-Median-> 5 Comprehensive Income
5 Yr Running Average $26.05 $33.61 $42.72 $58.86 $81.78 $124.24 $140.12 $150.24 $167.62 $162.80 $151 $169 $213 17.45% <-IRR #YR-> 10 Comprehensive Income 399.37%
ROE 10.3% 17.7% 14.4% 20.4% 19.8% 26.4% 13.5% 10.6% 15.9% 8.8% 13.4% 15.7% 21.7% 23.38% <-IRR #YR-> 5 Comprehensive Income 185.85%
5Yr Median 17.4% 17.4% 14.4% 14.4% 17.7% 19.8% 19.8% 19.8% 15.9% 13.5% 13.4% 13.4% 15.7% 17.44% <-IRR #YR-> 10 5 Yr Running Average 399.22%
% Difference from NI -16.0% 5.5% -7.4% 25.9% 32.0% 70.6% -10.2% -29.6% 47.9% -30.7% -12.4% 0.4% 40.2% 7.26% <-IRR #YR-> 5 5 Yr Running Average 41.96%
Median Values Diff 5, 10 yr 13.2% 0.4% 15.7% <-Median-> 5 Return on Equity
-$68 $0 $0 $0 $0 $0 $0 $0 $0 $0 $338
-$118 $0 $0 $0 $0 $338
-$43 $0 $0 $0 $0 $0 $0 $0 $0 $0 $213
-$150 $0 $0 $0 $0 $213
Current Liability Coverage Ratio 0.63 1.80 1.29 2.48 2.20 1.62 2.19 1.90 1.64 1.67 1.84 2.17 1.76 0.71   CFO / Current Liabilities
5 year Median 0.48 0.50 0.63 1.29 1.80 1.80 2.19 2.19 1.90 1.67 1.84 1.84 1.76 1.76 1.76 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 9.60% 16.69% 12.16% 14.98% 14.11% 14.32% 13.70% 13.76% 12.71% 13.37% 16.57% 19.70% 14.87% 8.68% CFO / Total Assets
5 year Median 11.04% 11.04% 11.04% 12.16% 14.11% 14.32% 14.11% 14.11% 13.76% 13.70% 13.70% 13.76% 14.87% 14.87% 14.9% <-Median-> 5 Return on Assets 
Return on Assets ROA 6.59% 9.03% 7.64% 8.63% 8.07% 7.96% 7.84% 9.40% 6.67% 7.15% 8.66% 8.52% 7.84% 9.15% Net  Income/Assets Return on Assets
5Yr Median 8.11% 8.11% 7.64% 8.11% 8.07% 8.07% 7.96% 8.07% 7.96% 7.84% 7.84% 8.52% 7.84% 8.52% 7.8% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 12.22% 16.78% 15.59% 16.17% 15.00% 15.48% 14.99% 15.05% 10.74% 12.66% 15.29% 15.68% 15.48% 19.30% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 17.71% 16.78% 16.71% 16.17% 15.59% 15.59% 15.48% 15.05% 15.00% 14.99% 14.99% 15.05% 15.29% 15.48% 15.3% <-Median-> 5 Return on Equity
$306 <-12 mths 26.97%
Net Income $34.40 $55.71 $73.07 $92.54 $103.85 $141.38 $153.90 $167.89 $137.60 $163.08 $210 $227 $241 $325 $320 $336 229.82% <-Total Growth 10 Net Income
Increase 14.39% 61.97% 31.16% 26.64% 12.22% 36.14% 8.86% 9.09% -18.04% 18.52% 28.77% 8.10% 6.17% 34.85% -1.54% 5.00% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $27.9 $34.9 $44.4 $57.2 $71.9 $93.3 $112.9 $131.9 $140.9 $152.8 $166 $181 $196 $233.2 $264.6 $289.8 12.68% <-IRR #YR-> 10 Net Income 229.82%
Operating Cash Flow $81.61 $32.79 $28.52 $104.22 $76.93 $5.60 $181.83 $301.11 $128.06 $89.92 $178 $388 $255 7.50% <-IRR #YR-> 5 Net Income 43.55%
Investment Cash Flow -$89.38 -$37.66 -$178.06 -$81.24 -$85.17 -$99.61 -$175.60 -$58.48 -$108.53 -$65.73 -$54 -$193 -$154 16.00% <-IRR #YR-> 10 5 Yr Running Average 341.26%
Total Accruals $42.17 $60.57 $222.61 $69.56 $112.09 $235.38 $147.67 -$74.75 $118.07 $138.89 $86 $32 $140 8.21% <-IRR #YR-> 5 5 Yr Running Average 48.39%
Total Assets $521.63 $617.06 $955.86 $1,071.92 $1,287.50 $1,776.22 $1,961.96 $1,785.98 $2,062.20 $2,281.06 $2,426 $2,665 $3,073 Balance Sheet Assets
Accruals Ratio 8.08% 9.82% 23.29% 6.49% 8.71% 13.25% 7.53% -4.19% 5.73% 6.09% 3.54% 1.20% 4.56% 4.56% <-Median-> 5 Ratio
EPS/CF Ratio 0.72 0.54 0.67 0.57 0.57 0.55 0.57 0.68 0.52 0.52 0.51 0.42 0.51 0.54 <-Median-> 10 EPS/CF Ratio
-$73 $0 $0 $0 $0 $0 $0 $0 $0 $0 $241
-$168 $0 $0 $0 $0 $241
-$44 $0 $0 $0 $0 $0 $0 $0 $0 $0 $196
-$132 $0 $0 $0 $0 $196
Change in Close 29.28% 21.66% 89.23% 42.22% 20.15% 60.38% -17.01% 15.88% -21.56% -5.28% 23.35% -13.55% 21.27% 63.83% 0.00% 14.48% Count 30 Years of data
up/down down down down down down down down down down Count 18 60.00%
Meet Prediction? yes yes % right Count 8 44.44%
Financial Cash Flow $7.78 $4.86 $163.54 -$33.78 $5.05 $98.30 -$9.48 -$239.92 -$25.96 -$24.19 -$124 -$58 -$101 C F Statement  Financial Cash Flow
Total Accruals $34.40 $55.71 $59.07 $103.35 $107.04 $137.09 $157.15 $165.18 $144.03 $163.08 $210 $90 $241 Accruals
Accruals Ratio 6.59% 9.03% 6.18% 9.64% 8.31% 7.72% 8.01% 9.25% 6.98% 7.15% 8.66% 3.38% 7.84% 7.15% <-Median-> 5 Ratio
Cash $0.00 $14.00 $3.19 $0.00 $4.29 $3.72 $6.43 $0.00 $0.00 $0 $0 $0 $0 Cash
Cash per Share $0.00 $0.20 $0.05 $0.00 $0.06 $0.05 $0.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.00% 1.06% 0.17% 0.00% 0.12% 0.12% 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 5 % of Stock Price
Yes 0 Yes 0
Notes:
November 16, 2023.  Last estimates were for 2022, 2023 and 2024 of $3020M, $3054M and $3236M for Revenue, $3.90, $3.99 and $4.41 for EPS, $0.80, $0.88 and $0.97 for Dividends, 
$252M, 228M and $254M for FCF, $6.20, $5.21 and $5.61 for CFPS, $26.40, $25.50 and $31.40 for BVPS, and $240M, $236M and $253M for Net Income.
November 19, 2022.  Last estimates were for 2021, 2022 and 2023 pf $2698M, $2624M and $2733M for Revenue, $3.45, $3.40 and $3.60 for EPS, 
$0.72, $0.80 and $0.84 for Dividends, $270M, $191M and $236M for FCF, $6.60, $3.90 and $4.66 for CFPS, and $224M, $215M and $223M for Net Income.
November 23, 2021.  Last estimates were for 2020, 2021 and 2022 of $2466M, $2480M and $2538M for Revenue, $3.02, $3.04 and $3.24 for EPS, 
$0.59, $0.64 and $0.69 for Dividends, $232M, $210M and $227M for FCF, $3.79, $4.04 and $4.04 for CFPS and $203M, $203M and $213M for Net Income.
December 5, 2020.  The last estimates were for 2019, 2020 and 2021 of $2170M, $2257M and $2321M for Revenue, 
$2.35, $2.62 and $2.74 for EPS, $2.97, $2.68 and $3.33 for CFPS and $162M, $180M and $189M for Net Income.
December 7, 2019.  Last Estimates were for 2018, 2019 and 2020 of $2123M, $2201M and $2306M for Revenue, 
$2.09, $2.55 and $2.84 for EPS, $1.44, $1.95 and $3.02 for CFPS and $145M, $176M and $196M for Net Income.
December 8, 2017.  Last estimates are for 2017, 2018 and 2019 of $1863M, $1919M and $1978M for Revenue, 
$2.05, $2.39 and $2.64 for EPS, $1.98, $2.81 and $2.98 for CFPS and $142M, $164< and $181M for Net Income.
December 11, 2017.  Last estimates were for 2016, 2017 and 2018 of $1893M, $1982M and $2040M for Revenue, 
$2.42, $2.57 and $2.77 for EPS, $1.42 and $276 for CFPS for 2016 and 2017, $168M, $176M and $192M for Net Income.
December 11, 2016.  Last estimates were for 2015, 2016 and 2017 of $1560M, $1785M and $1898M for Revenue, 
$2.01, $2.45 and $2.70 for EPS, $1.42, $2.61 and 2.76 for CFPS and $141M, $171M and $185M for Net Income.
December 13, 2015.  Last estimates were for 2014, 2015 and 2016 of $1248M, $1386M and $1469M for Revenue , 
$1.54, $1.93 and $2.09 for EPS, $1.36, $1.79 and $2.35 for CFPS and $106M, $134M and $149M for Net Income.
December 14, 2014.  Last estimates were for 2013, 2014 and 2015 of $344M, $351.1M and $354M for Revenue, 
 -$3.16, $0.50 and $0.52 for EPS, $0.62, $0.86 and $0.96 for CFPS.
December 19, 2013.  Last estimates were for 2012 and 2013 of $734M and $1040M for Revenue and $4.45 and $5.38 for EPS.
December 21, 2012.  Last estimates were for 2011 and 2012 of $3.34 and $3.82 for EPS and $4.32 and $4.59 for CFPS.
Nov 20, 2011.  Last estiamtes for 2009 and 2010 were $2.55 and $2.75 for EPS.
Jun 13, 2009AR 2008.  My one concern is that with the Accrual Ratio so high there may be a question on the quality of the reported earnings.  This is a small, dividend paying growing company.
As such, this investment would be part speculation and part investment.  A lot of the return on this stock will be an increase in stock price.
The thing I worry about is that cash flow was negative in 2008.  Cash Flow is usually more accurate than EPS.  They have EPS, but not Cash Flow.  Also, the high Accrual Ratio points may point to a problem 
with the quality of their earnings.
Dividends are paid Semi-annually in May and November.  Dividends are usually raised in November.
Stella Jones International S.A. is based in Luxembourg. Stella Jones International S.A. is a joint venture between James Jones & Sons Ltd. and Eurocanadian Investments SA.
James Jones & Sons Limited (forest products, UK) and Stella SpA, through the Stella Jones International S.A. joint venture, control a majority of Stella-Jones Inc.
Sector:
Materials
What should this stock accomplish?
You would buy this stock for diversification.  This is currently a fast growing stock, but that will not always be the case.  There will be volitiity.
You should expect to earn total returns over the long haul at a minimum of 10% with 1% from dividends and 9% from capital gains. 
Why am I following this stock. 
I started a spreadsheet on this stock in mid-2009 because of a favorable report I read on this stock.  It was considered to be a dividend growth stock and I am always on the lookout for dividend growth stocks.
Dividends
Dividends are paid in the third cycle of March, June, September and December.  Dividends are declared in one month and paid to shareholders of records in the next month.
For example, the dividend payable on December 20, 2013 to shareholders of record of December 2, 2013 was announced on November 8, 2013.
How they make their money.
Stella-Jones Inc produces and sells lumber and wood products. Its geographical segments are the United States and Canada, of which the majority of its revenue is derived from the United States.   
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2015 Dec 12 2016 Dec 11 2017 Dec 8 2018 Dec 7 2019 Dec 5 2020 Nov 24 2021 Nov 19 2022 Nov 16 2023
Vachon, Eric 0.01% 0.004 0.01% 0.004 0.01% 0.005 0.01% 0.022 0.03% 0.018 0.03% 0.019 0.03% 0.019 0.03% 0.020 0.03% Was CFO, now CEO 2019 4.09%
CEO - Shares - Amount $0.281 $0.170 $0.217 $0.191 $0.813 $0.846 $0.762 $0.937 $1.598
Options - percentage 0.01% 0.006 0.01% 0.004 0.01% 0.014 0.02% 0.014 0.02% 0.014 0.02% 0.020 0.03% 0.041 0.07% 0.055 0.09% 33.48%
Options - amount $0.438 $0.282 $0.186 $0.543 $0.528 $0.651 $0.812 $2.007 $4.390
McManus, Brian 0.01% 0.007 0.01% 0.008 0.01% 0.059 0.09%
CEO - Shares - Amount $0.386 $0.323 $0.399 $2.336
Options - percentage 0.58% 0.000 0.00% 0.000 0.00% 0.200 0.29%
Options - amount $21.004 $0.000 $0.000 $7.922
Travaglini, Silvana 0.001 0.00% 0.002 0.00% 0.002 0.00% 0.003 0.00% No CEO given for 2019 41.98%
CFO - Shares - Amount $0.046 $0.066 $0.092 $0.214
Options - percentage 0.000 0.00% 0.008 0.01% 0.017 0.03% 0.021 0.04% 23.49%
Options - amount $0.000 $0.311 $0.821 $1.662
Comerfor, Kevin Patrick 0.002 0.00% 0.002 0.00% 1.17%
Sub Exe - Shares - Amount $0.116 $0.193
Options - percentage 0.005 0.01% 0.006 0.01% 18.13%
Options - amount $0.252 $0.488
Eichenbaum, Marla 0.01% 0.009 0.01% 0.010 0.01% 0.010 0.01% 0.010 0.02% 0.011 0.02% 0.011 0.02% 0.012 0.02% 0.013 0.02% 7.75%
Officer - Shares - Amount $0.231 $0.401 $0.488 $0.399 $0.392 $0.495 $0.458 $0.569 $1.005
Options - percentage 0.03% 0.004 0.01% 0.002 0.00% 0.011 0.02% 0.011 0.02% 0.011 0.02% 0.004 0.01% 0.006 0.01% 0.007 0.01% 19.73%
Options - amount $0.913 $0.177 $0.116 $0.437 $0.423 $0.522 $0.160 $0.286 $0.560
Coalier, Robert 0.008 0.01% 0.008 0.01% 0.008 0.01% 0.008 0.01% 0.00%
Director - Shares - Amount $0.364 $0.315 $0.382 $0.626
Options - percentage 0.004 0.01% 0.001 0.00% 0.003 0.01% 0.004 0.01% 44.06%
Options - amount $0.164 $0.058 $0.147 $0.348
Manzi, James Augustus 0.005 0.01% 0.005 0.01% 0.005 0.01% 0.005 0.01% 0.010 0.02% 111.11%
Director - Shares - Amount $0.188 $0.231 $0.200 $0.218 $0.755
Options - percentage 0.030 0.04% 0.031 0.05% 0.032 0.05% 0.033 0.06% 0.025 0.04% -25.96%
Options - amount $1.138 $1.420 $1.271 $1.619 $1.963
Giardini, Anne Elizabeth 0.002 0.00% 0.002 0.00% 0.00%
Director - Shares - Amount $0.097 $0.159
Options - percentage 0.003 0.00% 0.004 0.01% 49.87%
Options - amount $0.130 $0.320
Lehman, Katherine A.  0.000 0.00% 0.006 0.01% 0.007 0.01% 0.008 0.01% 0.008 0.01% 0.008 0.01% Cannot find 2018 0.00%
Chairman - Shares - Amount $0.000 $0.206 $0.301 $0.300 $0.364 $0.596
Options - percentage 0.000 0.00% 0.001 0.00% 0.002 0.00% 0.005 0.01% 0.012 0.02% 0.017 0.03% 42.02%
Options - amount $0.000 $0.020 $0.107 $0.212 $0.567 $1.320
Bruce Jones, Tom A. 0.04% 0.030 0.04% 0.030 0.04% Last reported Jun 2016
Chairman - Shares - Amount $1.575 $1.307 $1.515
Options - percentage 0.04% 0.000 0.00% 0.000 0.00%
Options - amount $1.575 $0.000 $0.000
Stella Jones International S.A. 38.42%
########
Increase in O/S Shares 0.32% 0.165 0.24% 0.139 0.20% 0.010 0.01% 0.000 0.00% 0.000 0.00% 0.015 0.02% 0.000 0.00% 0.000 0.00% Yes 0 for 2013, 2018, 2021
due to SO $7.268 $8.664 $6.058 $0.505 $0.000 $0.000 $0.694 $0.000 $0.000
Book Value $1.758 $1.629 $1.635 $0.146 $0.000 $0.000 $0.332 $0.000 $0.000
Insider Buying -$0.090 -$0.133 -$0.098 $0.000 -$0.894 -$1.066 -$0.406 -$0.054 $0.000
Insider Selling $4.734 $6.015 $0.649 $0.222 $0.113 $0.681 $0.000 $0.019 $0.335
Net Insider Selling $4.644 $5.882 $0.551 $0.222 -$0.781 -$0.385 -$0.406 -$0.035 $0.335
% of Market Cap 0.13% 0.19% 0.02% 0.01% -0.03% -0.01% -0.02% 0.00% 0.01%
Directors 9 9 9 7 9 10 10 10 Under corporate Governance
Women 22% 2 22% 2 22% 4 44% 3 43% 3 33% 4 40% 4 40% 4 40% Keep scholing down.
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 35.17% 87 31.45% 84 30.16% 95 50.99% 20 46.21% 20 41.62% 20 36.14% 20 32.45%
Total Shares Held 35.12% 21.786 31.44% 20.910 30.16% 35.368 51.06% 31.948 46.12% 27.961 42.24% 21.511 36.39% 18.546 31.37%
Increase/Decrease -3.86% -0.368 -1.66% -0.764 -3.52% 5.405 18.04% -1.919 -5.67% -0.567 -1.99% 0.814 3.94% 1.199 6.91%
Starting No. of Shares 22.153 21.674 29.963 33.867 Top 20 28.527 Top 20 20.696 Top 20 17.347 Top 20
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