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 <-Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 3/31/25 <-Estimates
Alaris Equity Partners Income Trust TSX AD.UN OTC ALARF https://www.alarisroyalty.com/ 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 Accounting Rules
Revenue from annual statements $100.0 $89.1 $100.1 $116.0
Other $23.7 $27.9 $19.6 -$46.5 Revenue
Total Revenue & Other Op Inc $32.1 $52.7 $66.7 $77.7 $123.8 $117.0 $119.7 $69.5 $68.3 $214.9 $198.1 $241.3 $155.0 $192.5 $202.9 132.45% <-Total Growth 10 Revenue
Increase -34.84% 64.17% 26.50% 16.51% 59.35% -5.47% 2.28% -41.94% -1.77% 214.79% -7.82% 21.79% -35.76% 24.20% 5.40% 8.80% <-IRR #YR-> 10 Revenue
5 year Running Average $27.0 $33.8 $43.5 $55.7 $70.6 $87.6 $101.0 $101.5 $99.6 $117.9 $134.1 $158.4 $175.5 $200.3 $197.9 17.40% <-IRR #YR-> 5 Revenue
Revenue per Share $1.44 $1.84 $2.08 $2.14 $3.41 $3.18 $3.28 $1.89 $1.75 $4.76 $4.39 $5.30 $3.40 $4.22 $4.45 14.97% <-IRR #YR-> 10 5 yr Running Average
Increase -43.19% 27.80% 13.18% 2.93% 59.21% -6.69% 3.17% -42.27% -7.53% 171.89% -7.82% 20.86% -35.93% 24.20% 5.40% 11.57% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $1.73 $1.68 $1.78 $2.00 $2.18 $2.53 $2.82 $2.78 $2.70 $2.97 $3.21 $3.62 $3.92 $4.41 $4.35 5.03% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 14.48 16.66 14.60 13.72 7.19 6.65 5.67 10.28 8.45 3.73 4.03 2.93 5.20 4.55 0.00 12.41% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 16.50 16.26 17.01 10.98 7.03 6.50 5.18 11.58 8.63 3.95 3.66 3.07 5.64 4.18 3.97 8.22% <-IRR #YR-> 10 5 yr Running Average
* Total Revenue in M CDN $  P/S Med 20 yr  6.27 15 yr  7.19 10 yr  6.16 5 yr  4.03 -32.09% Diff M/C 7.11% <-IRR #YR-> 5 5 yr Running Average
$168 <-12 mths 8.72% Estimates last 12 months from Qtr.
Total Distributions* $32.1 $51.6 $68.2 $81.9 $98.5 $86.7 $98.0 $111.3 $106.7 $143.5 $190.9 $165.6 -100.00% <-Total Growth 9 Revenue MANAGEMENT DISCUSSION AND ANALYSIS
Other Income $0.0 $1.1 $1.1 $9.5 $1.6 $2.4 $2.1 $4.6 $2.7 $4.2 -$0.8 -$3.0 -100.00% <-Total Growth 9 Revenue Market Screener
Total Revenue* (adjusted) $32.1 $52.7 $69.3 $91.4 $100.0 $89.1 $100.1 $116.0 $109.5 $147.7 $190.046 $162.567 $154.989 $192.5 $202.9 123.63% <-Total Growth 10 Revenue
Increase 48.89% 64.15% 31.49% 31.90% 9.44% -10.95% 12.34% 15.88% -5.59% 34.87% 28.70% -14.46% -4.66% 24.20% 5.40% 8.38% <-IRR #YR-> 10 Revenue 123.63%
5 year Running Average $21.5 $28.2 $38.5 $53 $69 $81 $90 $99 $103 $112 $133 $145 $153 $169.6 $180.6 5.97% <-IRR #YR-> 5 Revenue 33.65%
Revenue per Share $1.53 $1.97 $2.28 $2.69 $2.75 $2.44 $2.72 $3.17 $3.03 $3.36 $4.20 $3.58 $3.41 $4.22 $4.45 14.80% <-IRR #YR-> 10 5 yr Running Average 297.59%
Increase 21.16% 28.72% 15.29% 18.25% 2.29% -11.23% 11.37% 16.41% -4.35% 10.74% 25.13% -14.84% -4.77% 23.88% 5.40% 9.02% <-IRR #YR-> 5 5 yr Running Average 54.00%
5 year Running Average $2.00 $1.59 $1.66 $1.95 $2.25 $2.43 $2.58 $2.76 $2.82 $2.94 $3.30 $3.47 $3.51 $3.75 $3.97 4.11% <-IRR #YR-> 10 Revenue per Share 49.63%
P/S (Price/Sales) Med 13.57 15.50 13.33 10.91 8.90 8.64 6.83 6.14 4.88 5.28 4.21 4.34 5.19 4.55 0.00 1.46% <-IRR #YR-> 5 Revenue per Share 7.49%
P/S (Price/Sales) Close 15.46 15.13 15.53 8.73 8.70 8.46 6.24 6.92 4.99 5.60 3.82 4.55 5.62 4.18 3.97 7.76% <-IRR #YR-> 10 5 yr Running Average 111.14%
*Revenue in  M CDN $  P/S Med 20 yr  6.48 15 yr  7.95 10 yr  5.71 5 yr  4.88 -26.82% Diff M/C 4.98% <-IRR #YR-> 5 5 yr Running Average 27.51%
Called Total Revenue & Operating Income in 2024
-$69.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $155.0
-$116.0 $0.0 $0.0 $0.0 $0.0 $155.0
-$38.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $152.9
-$99.3 $0.0 $0.0 $0.0 $0.0 $152.9
-$2.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.41
-$3.17 $0.00 $0.00 $0.00 $0.00 $3.41
$4.04 <-12 mths -20.47% Estimates Last 12 months from Qtr
Difference Basic and Diluted 2.33% 2.68% 1.86% 1.18% 1.09% 3.03% 1.20% 1.01% 0.00% 4.57% 3.46% 3.93% 1.36% 0.01 <-Median-> 10 Difference Basic and Diluted
EPS Basic $0.86 $1.12 $1.61 $1.70 $1.83 $0.33 $1.67 $0.99 $0.56 $3.28 $2.89 $3.05 $5.15 219.88% <-Total Growth 10 EPS Basic
EPS Diluted* $0.84 $1.09 $1.58 $1.68 $1.81 $0.32 $1.65 $0.98 $0.56 $3.13 $2.79 $2.93 $5.08 $2.13 $2.19 221.52% <-Total Growth 10 EPS Diluted
Increase -57.36% 29.76% 44.95% 6.33% 7.74% -82.32% 415.63% -40.61% -42.86% 458.93% -10.86% 5.02% 73.38% -58.07% 2.82% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 3.54% 3.65% 4.47% 7.15% 7.56% 1.55% 9.71% 4.47% 3.71% 16.66% 17.39% 17.99% 26.53% 12.07% 12.41% 12.39% <-IRR #YR-> 10 Earnings per Share 221.52%
5 year Running Average $1.06 $1.29 $1.24 $1.43 $1.40 $1.30 $1.41 $1.29 $1.06 $1.33 $1.82 $2.08 $2.90 $3.21 $3.02 38.97% <-IRR #YR-> 5 Earnings per Share 418.37%
10 year Running Average $1.27 $1.18 $1.35 $1.27 $1.25 $1.36 $1.56 $1.74 $2.09 $2.14 $2.18 8.84% <-IRR #YR-> 10 5 yr Running Average 124.30%
* Diluted ESP per share  E/P 10 Yrs 8.63% 5Yrs 17.39% 17.61% <-IRR #YR-> 5 5 yr Running Average 201.88%
-$1.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.08
-$0.98 $0.00 $0.00 $0.00 $0.00 $5.08
-$1.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.90
-$1.29 $0.00 $0.00 $0.00 $0.00 $2.90
Dividend Estimate $1.39 $1.39 Estimates Dividend Estimate
Increase 1.99% 0.00% Estimates Increase
Payout Ratio EPS 65.12% 63.33% 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
Dividend* $1.17 $1.35 $1.47 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $1.36 $1.36 $1.36 $1.36 -7.48% <-Total Growth 10 Dividends
Increase 12.50% 14.96% 9.29% 5.78% 4.18% 0.00% 0.15% 1.69% -30.30% 9.57% 4.76% 3.03% 0.00% 0.00% 0.00% 0.00% 11 2 15 Years of data, Count P, N
Average Increases 5 Year Running 8.50% 10.87% 9.34% 6.84% 3.88% 2.36% -4.85% -3.78% -2.83% -2.25% -2.59% 3.47% 1.56% 0.61% 0.06% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.10 $1.19 $1.32 $1.43 $1.52 $1.58 $1.61 $1.53 $1.46 $1.40 $1.35 $1.29 $1.33 $1.35 $1.36 -9.92% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 5.62% 4.39% 4.84% 5.30% 6.61% 7.67% 8.73% 8.48% 7.77% 7.10% 7.47% 8.76% 7.69% 7.08% 7.68% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 4.93% 3.66% 4.01% 4.23% 5.21% 6.72% 7.81% 7.39% 4.93% 6.10% 6.40% 7.36% 6.83% 6.63% 6.56% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 6.53% 5.49% 6.13% 7.09% 9.03% 8.93% 9.90% 9.95% 18.40% 8.51% 8.96% 10.81% 8.80% 7.59% 8.99% <-Median-> 10 Yield on Low Price CFPS
Yield on Close Price 4.93% 4.50% 4.16% 6.62% 6.76% 7.84% 9.55% 7.52% 7.61% 6.71% 8.23% 8.35% 7.10% 7.71% 7.71% 7.71% 7.57% <-Median-> 10 Yield on Close Price FCF 
Payout Ratio EPS 139.29% 123.39% 93.04% 92.56% 89.50% 506.25% 98.33% 168.37% 205.36% 40.26% 47.31% 46.42% 26.77% 63.85% 62.10% #DIV/0! 91.03% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 84.75% 95.89% 91.90% 102.29% 117.44% 112.04% 125.27% 144.03% 109.98% 76.87% 64.87% 44.51% 41.47% 44.71% #DIV/0! 106.13% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 98.75% 88.22% 94.96% 101.13% 80.32% 81.36% 74.81% 81.00% 62.40% 54.62% 39.10% 74.59% 104.51% 54.95% 50.84% #DIV/0! 77.56% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 101.09% 103.61% 100.53% 91.65% 88.30% 85.15% 82.73% 76.19% 70.58% 59.69% 59.19% 60.56% 59.03% 58.02% #DIV/0! 79.46% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 95.72% 84.91% 76.42% 82.42% 67.47% 72.40% 74.01% 60.02% 46.66% 40.61% 34.85% 52.31% 101.14% 54.95% 50.84% #DIV/0! 63.75% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 96.30% 92.62% 87.16% 79.40% 75.85% 74.12% 70.36% 63.62% 57.29% 48.98% 45.84% 48.50% 50.04% 52.48% #DIV/0! 66.99% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 7.68% 7.57% 5 Yr Med 5 Yr Cl 7.69% 7.61% 5 Yr Med Payout 46.42% 62.40% 46.66% -3.79% <-IRR #YR-> 5 Dividends -17.58%
* Dividends per share  10 Yr Med and Cur. 0.37% 1.88% 5 Yr Med and Cur. 0.20% 1.30% Last Div Inc ---> $0.330 $0.340 3.03% -0.77% <-IRR #YR-> 10 Dividends -7.48%
Dividends Growth 15 2.14% <-IRR #YR-> 15 Dividends
Dividends Growth 5 -$1.65 $0.00 $0.00 $0.00 $0.00 $1.36 Dividends Growth 5
Dividends Growth 10 -$1.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.36 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 $1.36 Dividends Growth 15
Historical Dividends Historical High Div 19.20% Low Div 3.90% 10 Yr High 17.64% 10 Yr Low 4.30% Med Div 7.57% Close Div 7.31% Historical Dividends
High/Ave/Median Values Curr diff Exp. -59.85%     97.69% Exp. -56.29% 79.30% Cheap 1.85% Cheap 5.43% High/Ave/Median 
Future Dividend Yield Div Yd 6.35% earning in 5.00 Years at IRR of -3.79% Div Inc. -17.58% Future Dividend Yield
Future Dividend Yield Div Yd 5.24% earning in 10.00 Years at IRR of -3.79% Div Inc. -32.06% Future Dividend Yield
Future Dividend Yield Div Yd 4.32% earning in 15.00 Years at IRR of -3.79% Div Inc. -44.00% Future Dividend Yield
Future Dividend Paid Div Paid $1.12 earning in 5 Years at IRR of -3.79% Div Inc. -17.58% Future Dividend Paid
Future Dividend Paid Div Paid $0.92 earning in 10 Years at IRR of -3.79% Div Inc. -32.06% Future Dividend Paid
Future Dividend Paid Div Paid $0.76 earning in 15 Years at IRR of -3.79% Div Inc. -44.00% Future Dividend Paid
Dividend Covering Cost Total Div $6.30 over 5 Years at IRR of -3.79% Div Cov. 35.73% Dividend Covering Cost
Dividend Covering Cost Total Div $10.38 over 10 Years at IRR of -3.79% Div Cov. 58.83% Dividend Covering Cost
Dividend Covering Cost Total Div $13.74 over 15 Years at IRR of -3.79% Div Cov. 77.87% Dividend Covering Cost
Yield if held 5 years 14.86% 21.23% 15.39% 10.87% 7.78% 5.30% 5.44% 3.92% 5.14% 6.25% 7.32% 6.99% 9.19% 7.67% 7.69% 6.62% <-Median-> 10 Paid Median Price
Yield if held 10 years 17.93% 23.83% 11.38% 8.46% 6.34% 4.44% 4.48% 4.63% 5.55% 6.44% 8.46% <-Median-> 7 Paid Median Price
Yield if held 15 years 19.64% 13.46% 9.13% 6.54% 19.64% <-Median-> 1 Paid Median Price
Yield if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 60.50% 85.99% 65.12% 48.05% 36.57% 25.77% 26.59% 26.10% 29.79% 33.15% 36.27% 33.14% 45.02% 38.12% 38.47% 33.15% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 147.65% 202.49% 140.95% 97.06% 70.22% 47.79% 47.84% 48.78% 57.37% 65.34% 97.06% <-Median-> 7 Paid Median Price
Cost covered if held 15 years 295.63% 206.85% 142.43% 102.90% 295.63% <-Median-> 1 Paid Median Price
Cost covered if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
I am earning GC Div Gr -16.05% 7/24/17 # yrs -> 8 2017 $22.09 Cap Gain -20.14% I am earning GC
I am earning Div org yield 7.33% 12/31/25 TFSA Div G Yrly -2.05% Div start $1.62 -7.33% 6.16% I am earning Div
Yr  Item Tot. Growth
Revenue Growth  $116.0 $109.5 $147.7 $190.0 $162.6 $155.0 $168 <-12 mths 8.72% 33.65% <-Total Growth 5 Revenue Growth  33.65%
EPS Growth $0.98 $0.56 $3.13 $2.79 $2.93 $5.08 $2.13 <-12 mths -58.07% 418.37% <-Total Growth 5 EPS Growth 418.37%
Net Income Growth $36.3 $20.3 $144.2 $130.7 $138.4 $234.4 $192 <-12 mths -17.96% 546.52% <-Total Growth 5 Net Income Growth 546.52%
Cash Flow Growth $74.8 $71.9 $104.2 $152.4 $83.0 $59.4 -20.61% <-Total Growth 5 Cash Flow Growth -20.61%
Dividend Growth $1.65 $1.15 $1.26 $1.32 $1.36 $1.36 $1.36 <-12 mths 0.00% -17.58% <-Total Growth 5 Dividend Growth -17.58%
Stock Price Growth $21.93 $15.11 $18.79 $16.04 $16.29 $19.15 $17.64 <-12 mths -7.89% -12.68% <-Total Growth 5 Stock Price Growth -12.68%
Revenue Growth  $69.3 $91.4 $100.0 $89.1 $100.1 $116.0 $109.5 $147.7 $190.0 $162.6 $155.0 $193 <-this year 24.20% 123.63% <-Total Growth 10 Revenue Growth  123.63%
EPS Growth $1.58 $1.68 $1.81 $0.32 $1.65 $0.98 $0.56 $3.13 $2.79 $2.93 $5.08 $2.13 <-this year -58.07% 221.52% <-Total Growth 10 EPS Growth 221.52%
Net Income Growth $49.0 $57.9 $66.6 $11.9 $60.8 $36.3 $20.3 $144.2 $130.7 $138.4 $234.4 $93 <-this year -60.28% 377.92% <-Total Growth 10 Net Income Growth 377.92%
Cash Flow Growth $49.6 $55.8 $73.3 $73.3 $79.2 $74.8 $71.9 $104.2 $152.4 $83.0 $59.4 $113 <-this year 90.20% 19.57% <-Total Growth 10 Cash Flow Growth 19.57%
Dividend Growth $1.47 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $1.36 $1.39 <-this year 1.99% -7.48% <-Total Growth 10 Dividend Growth -7.48%
Stock Price Growth $35.36 $23.50 $23.95 $20.67 $16.99 $21.93 $15.11 $18.79 $16.04 $16.29 $19.15 $17.64 <-this year -7.89% -45.84% <-Total Growth 10 Stock Price Growth -45.84%
Dividends on Shares $45.10 $46.98 $46.98 $47.05 $47.85 $33.35 $36.54 $38.28 $39.44 $39.44 $39.44 $39.44 $39.44 $421.01 No of Years 10 Total Dividends 12/31/14
Paid  $1,025.44 $681.50 $694.55 $599.43 $492.71 $635.97 $438.19 $544.91 $465.16 $472.41 $555.35 $511.56 $511.56 $511.56 $555.35 No of Years 10 Worth $35.36
Total  $976.36 Total  
Graham Number 3 years Trailing $20.82 $20.28 $22.31 $22.41 $24.47 $25.16 $22.46 $21.75 $18.65 $20.54 $26.85 $32.65 $40.87 $44.82 $38.54 $30.54 83.15% <-Total Growth 10 Graham Number
Change 37.27% -2.60% 10.05% 0.42% 9.19% 2.83% -10.74% -3.16% -14.23% 10.13% 30.69% 21.61% 25.18% 9.67% -14.01% -20.75% 6.01% <-Median-> 10
Graham Number $15.36 $19.17 $24.23 $26.55 $27.09 $10.87 $25.43 $19.05 $13.98 $35.08 $35.34 $37.31 $52.54 $34.02 $34.50 $0.00 116.85% <-Total Growth 10 Graham Number
Change -33.81% 24.79% 26.43% 9.58% 2.02% -59.86% 133.90% -25.08% -26.62% 150.89% 0.75% 5.58% 40.82% -35.25% 1.40% -100.00% 3.80% <-Median-> 10 Graham Price
Price/GP Ratio Med 1.36 1.60 1.25 1.11 0.90 1.94 0.73 1.02 1.06 0.51 0.50 0.42 0.34 0.56 0.82 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.54 1.92 1.51 1.39 1.15 2.22 0.82 1.17 1.67 0.59 0.58 0.50 0.38 0.60 0.98 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.17 1.28 0.99 0.83 0.66 1.67 0.64 0.87 0.45 0.42 0.42 0.34 0.29 0.53 0.55 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.54 1.56 1.46 0.89 0.88 1.90 0.67 1.15 1.08 0.54 0.45 0.44 0.36 0.52 0.51 #DIV/0! 0.78 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 54.38% 55.85% 45.93% -11.49% -11.59% 90.10% -33.20% 15.09% 8.07% -46.43% -54.61% -56.34% -63.55% -48.15% -48.87% #DIV/0! -22.39% <-Median-> 10 Graham Price
Month, Year Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 17.00 <Count Years> Month, Year
Price Close $23.71 $29.87 $35.36 $23.50 $23.95 $20.67 $16.99 $21.93 $15.11 $18.79 $16.04 $16.29 $19.15 $17.64 $17.64 $17.64 -45.84% <-Total Growth 10 Stock Price
Increase 31.72% 25.98% 18.38% -33.54% 1.91% -13.70% -17.80% 29.08% -31.10% 24.35% -14.64% 1.56% 17.56% -7.89% 0.00% 0.00% 12.59 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 28.23 27.40 22.38 13.99 13.23 64.59 10.30 22.38 26.98 6.00 5.75 5.56 3.77 8.28 8.05 #DIV/0! -2.67% <-IRR #YR-> 5 Stock Price -12.68%
Trailing P/E Ratio 12.04 35.56 32.44 14.87 14.26 11.42 53.09 13.29 15.42 33.55 5.12 5.84 6.54 3.47 8.28 8.05 -5.95% <-IRR #YR-> 10 Stock Price -45.84%
CAPE (10 Yr P/E) 18.87 17.54 12.59 17.34 12.11 13.78 10.29 9.35 9.15 8.25 8.11 #DIV/0! 3.50% <-IRR #YR-> 5 Price & Dividend 24.21%
Median 10, 5 Yrs D.  per yr 5.34% 6.18% % Tot Ret 0.00% 176.37% T P/E $13.77 $6.54 P/E:  $11.76 $5.75 -0.61% <-IRR #YR-> 10 Price & Dividend 224.10%
Price 15 D.  per yr 11.17% % Tot Ret 68.88% CAPE Diff -34.19% 5.05% <-IRR #YR-> 15 Stock Price 109.29%
Price  20 D.  per yr 8.88% % Tot Ret 69.50% 3.90% <-IRR #YR-> 17 Stock Price
Price & Dividend 15 16.22% <-IRR #YR-> 15 Price & Dividend 551.73%
Price & Dividend 20 12.77% <-IRR #YR-> 17 Price & Dividend
Price  5 -$21.93 $0.00 $0.00 $0.00 $0.00 $19.15 Price  5
Price 10 -$35.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.15 Price 10
Price & Dividend 5 -$21.93 $1.15 $1.26 $1.32 $1.36 $20.51 Price & Dividend 5
Price & Dividend 10 -$35.36 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $20.51 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 $19.15 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 $19.15 Price  20
Price & Dividend 15 $1.17 $1.35 $1.47 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $20.51 Price & Dividend 15
Price & Dividend 20 $1.17 $1.35 $1.47 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $20.51 Price & Dividend 20
Price H/L Median $20.81 $30.61 $30.35 $29.36 $24.51 $21.13 $18.59 $19.46 $14.80 $17.74 $17.68 $15.53 $17.68 $19.21 -41.75% <-Total Growth 10 Stock Price
Increase 39.66% 47.09% -0.87% -3.25% -16.52% -13.81% -12.02% 4.71% -23.97% 19.87% -0.34% -12.14% 13.81% 8.68% -5.26% <-IRR #YR-> 10 Stock Price -41.75%
P/E Ratio 24.77 28.08 19.21 17.48 13.54 66.02 11.26 19.86 26.42 5.67 6.34 5.30 3.48 9.02 -1.91% <-IRR #YR-> 5 Stock Price -9.17%
Trailing P/E Ratio 10.56 36.44 27.84 18.58 14.59 11.67 58.08 11.79 15.10 31.67 5.65 5.57 6.03 3.78 0.76% <-IRR #YR-> 10 Price & Dividend #DIV/0!
P/E on Running 5 yr Average 19.61 23.69 24.43 20.50 17.51 16.30 13.20 15.11 13.91 13.35 9.70 7.47 6.10 5.98 4.94% <-IRR #YR-> 5 Price & Dividend 43.70%
P/E on Running 10 yr Average 17.93 13.77 15.38 11.85 13.00 11.34 8.91 8.44 8.99 13.54 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 6.02% 6.85% % Tot Ret 794.58% 138.57% T P/E 13.19 6.03 P/E:  12.40 5.67 Count 17 Years of data
-$30.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.68
-$19.46 $0.00 $0.00 $0.00 $0.00 $17.68
-$30.35 $1.56 $1.62 $1.62 $1.62 $1.65 $1.15 $1.26 $1.32 $1.36 $19.04
-$19.46 $1.15 $1.26 $1.32 $1.36 $19.04
High Months Dec Nov Dec Jan Apr Jan Sep Dec Feb Nov Mar Feb Mar Jan
Price High $23.71 $36.72 $36.70 $36.80 $31.08 $24.11 $20.78 $22.34 $23.34 $20.67 $20.61 $18.48 $19.90 $20.50 -45.78% <-Total Growth 10 Stock Price
Increase 31.72% 54.87% -0.05% 0.27% -15.54% -22.43% -13.81% 7.51% 4.48% -11.44% -0.29% -10.33% 7.68% 3.02% -5.94% <-IRR #YR-> 10 Stock Price -45.78%
P/E Ratio 28.23 33.69 23.23 21.90 17.17 75.34 12.59 22.80 41.68 6.60 7.39 6.31 3.92 9.62 -2.29% <-IRR #YR-> 5 Stock Price -10.92%
Trailing P/E Ratio 12.04 43.71 33.67 23.29 18.50 13.32 64.94 13.54 23.82 36.91 6.58 6.62 6.79 4.04 15.97 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 16.02 6.79 P/E:  14.88 6.60 30.41 P/E Ratio Historical High
-$36.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.90
-$22.34 $0.00 $0.00 $0.00 $0.00 $19.90
Low Months Jan Jan Feb Dec Nov Dec Mar Jan Mar Jan Sep Oct Apr Jan
Price Low $17.91 $24.50 $23.99 $21.92 $17.94 $18.14 $16.39 $16.58 $6.25 $14.80 $14.74 $12.58 $15.45 $17.92 -35.60% <-Total Growth 10 Stock Price
Increase 51.78% 36.80% -2.08% -8.63% -18.16% 1.11% -9.65% 1.16% -62.30% 136.80% -0.41% -14.65% 22.81% 15.99% -4.30% <-IRR #YR-> 10 Stock Price -35.60%
P/E Ratio 21.32 22.48 15.18 13.05 9.91 56.69 9.93 16.92 11.16 4.73 5.28 4.29 3.04 8.41 -1.40% <-IRR #YR-> 5 Stock Price -6.82%
Trailing P/E Ratio 9.09 29.17 22.01 13.87 10.68 10.02 51.22 10.05 6.38 26.43 4.71 4.51 5.27 3.53 9.93 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 10.04 5.27 P/E:  9.92 4.73 3.79 P/E Ratio Historical Low
-$23.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.45
Free Cash Flow Mkt Sc $71.86 $104.20 $152.40 $82.96 $38.70 $128.60
Change 45.00% 46.26% -45.56% -53.35% 232.30%
Free Cash Flow WSJ $26.45 $43.73 $49.58 $55.03 $73.25 $67.22 $78.31 $74.78 $71.86 $104.16 $152.42 $82.96 $38.70 $127.00 -21.94% <-Total Growth 10 Free Cash Flow
Change 33.11% -8.23% 16.50% -4.51% -3.90% 44.95% 46.33% -45.57% -53.35% 228.17% -12.34% <-IRR #YR-> 5 Free Cash Flow MS -48.25%
FCF/CF from Op Ratio 1.00 1.00 1.00 0.99 1.00 0.92 0.99 1.00 1.00 1.00 1.00 1.00 0.65 1.12 -2.45% <-IRR #YR-> 10 Free Cash Flow MS -21.94%
Dividends paid $24.46 $35.70 $44.71 $53.00 $59.00 $59.00 $59.20 $60.37 $41.51 $54.84 $59.72 $61.80 $61.92 $62.04 38.48% <-Total Growth 10 Dividends paid
Percentage paid 96.31% 80.55% 87.77% 75.60% 80.73% 57.77% 52.65% 39.18% 74.49% 160.00% 48.85% $0.78 <-Median-> 10 Percentage paid
5 Year Coverage 83.36% 76.37% 69.37% 57.24% 57.23% 62.16% 59.44% 5 Year Coverage
Dividend Coverage Ratio 1.04 1.24 1.14 1.32 1.24 1.73 1.90 2.55 1.34 0.63 2.05 1.28 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 1.20 1.31 1.44 1.75 1.75 1.61 1.68 5 Year of Coverage
Market Cap in $M $529.6 $857.1 $1,134.1 $853.1 $870.2 $760.9 $620.1 $805.0 $589.2 $848.3 $724.2 $741.2 $873.6 $804.8 $804.8 $804.8 -22.96% <-Total Growth 10 Market Cap 0.39%
Diluted # of Shares in Million 21.48 27.41 31.10 34.39 36.71 36.75 36.49 36.89 36.48 48.43 49.73 50.01 45.50 45.50 46.33% <-Total Growth 10 Diluted
Change 22.05% 27.62% 13.45% 10.60% 6.75% 0.11% -0.71% 1.09% -1.10% 32.76% 2.68% 0.57% -9.02% 0.00% 0.01 <-Median-> 10 Change
Difference Diluted/Basic -2.52% -2.60% -2.09% -1.25% -1.02% -0.82% 0.76% -0.79% -0.99% -9.16% -9.01% -9.12% 0.00% 0.00%
Average # of Shares in Million 20.93 26.70 30.45 33.96 36.34 36.45 36.77 36.60 36.12 43.99 45.25 45.45 45.50 45.50 49.45% <-Total Growth 10 Average used in CFPS
Change 22.88% 27.52% 14.05% 11.54% 6.99% 0.32% 0.87% -0.46% -1.30% 21.80% 2.85% 0.44% 0.12% 0.00% 0.01 <-Median-> 10 Change
Difference Basic/Outstanding 6.70% 7.48% 5.34% 6.90% 0.00% 0.99% -0.73% 0.31% 7.96% 2.63% -0.22% 0.11% 0.26% 0.26% 0.00 <-Median-> 10 Difference Basic/Outstanding
Voting Shares Voting Shares
Non-Voting Shares Non-Voting Shares
# of Share in Millions 22.337 28.694 32.072 36.303 36.336 36.812 36.496 36.709 38.996 45.149 45.149 45.498 45.621 45.621 45.621 45.621 3.59% <-IRR #YR-> 10 Shares 42.24%
Increase 14.69% 28.46% 11.77% 13.19% 0.09% 1.31% -0.86% 0.58% 6.23% 15.78% 0.00% 0.77% 0.27% 0.00% 0.00% 0.00% 4.44% <-IRR #YR-> 5 Shares 24.28%
CF fr Op $Millon $26.5 $43.7 $49.6 $55.8 $73.3 $73.3 $79.2 $74.8 $71.9 $104.2 $152.4 $83.0 $59.4 $112.9 $122.0 19.57% <-Total Growth 10 Cash Flow
Increase 81.13% 65.31% 13.49% 12.44% 31.29% 0.01% 7.99% -5.53% -3.90% 44.94% 46.33% -45.57% -28.44% 90.20% 8.08% SO Share Issue Warrants exercised
5 year Running Average $14.8 $22.2 $29.3 $38.1 $49.8 $59.2 $66.2 $71.3 $74.5 $80.7 $96.5 $97.2 $94.2 $102.4 $105.9 221.08% <-Total Growth 10 CF 5 Yr Running
CFPS $1.18 $1.52 $1.55 $1.54 $2.02 $1.99 $2.17 $2.04 $1.84 $2.31 $3.38 $1.82 $1.30 $2.48 $2.68 -15.94% <-Total Growth 10 Cash Flow per Share
Increase 57.93% 28.68% 1.54% -0.67% 31.17% -1.28% 8.92% -6.08% -9.54% 25.19% 46.33% -45.99% -28.63% 90.20% 8.08% 1.80% <-IRR #YR-> 10 Cash Flow 19.57%
5 year Running Average $0.93 $1.08 $1.15 $1.31 $1.56 $1.72 $1.85 $1.95 $2.01 $2.07 $2.35 $2.28 $2.13 $2.26 $2.33 -4.51% <-IRR #YR-> 5 Cash Flow -20.61%
P/CF on Med Price 17.56 20.08 19.60 19.09 12.15 10.61 8.57 9.55 8.03 7.69 5.24 8.52 13.58 7.76 0.00 -1.72% <-IRR #YR-> 10 Cash Flow per Share -15.94%
P/CF on Closing Price 20.01 19.59 22.84 15.28 11.87 10.38 7.83 10.77 8.20 8.14 4.75 8.93 14.72 7.13 6.59 -8.57% <-IRR #YR-> 5 Cash Flow per Share -36.12%
-21.34% Diff M/C 6.36% <-IRR #YR-> 10 CFPS 5 yr Running 85.31%
Excl.Working Capital CF $0.8 $1.7 $12.0 $12.7 $13.9 $9.1 $0.8 $26.1 $24.2 $35.9 $18.6 $35.3 $2.0 $0.0 $0.0 1.78% <-IRR #YR-> 5 CFPS 5 yr Running 9.21%
CF fr Op $M WC $27.3 $45.4 $61.7 $68.5 $87.2 $82.4 $80.0 $100.9 $96.1 $140.1 $171.0 $118.3 $61.3 $112.9 $122.0 -10.44% <-Total Growth 10 Cash Flow less WC
Increase 50.22% 66.47% 35.73% 11.03% 27.37% -5.58% -2.87% 26.13% -4.76% 45.75% 22.09% -30.83% -48.14% 84.06% 8.08% -0.06% <-IRR #YR-> 10 Cash Flow less WC -10.44%
5 year Running Average $15.7 $23.4 $33.0 $44.2 $58.0 $69.0 $76.0 $83.8 $89.3 $99.9 $117.6 $125.3 $117.4 $120.7 $117.1 -9.48% <-IRR #YR-> 5 Cash Flow less WC -39.21%
CFPS Excl. WC $1.22 $1.58 $1.92 $1.89 $2.40 $2.24 $2.19 $2.75 $2.46 $3.10 $3.79 $2.60 $1.34 $2.48 $2.68 13.51% <-IRR #YR-> 10 CF less WC 5 Yr Run 255.20%
Increase 30.98% 29.59% 21.43% -1.91% 27.25% -6.80% -2.03% 25.40% -10.34% 25.88% 22.09% -31.36% -48.28% 84.06% 8.08% 6.97% <-IRR #YR-> 5 CF less WC 5 Yr Run 40.05%
5 year Running Average $0.98 $1.14 $1.29 $1.51 $1.80 $2.01 $2.13 $2.29 $2.41 $2.55 $2.86 $2.94 $2.66 $2.66 $2.58 -3.52% <-IRR #YR-> 10 CFPS - Less WC -30.09%
P/CF on Median Price 17.02 19.32 15.78 15.56 10.21 9.44 8.48 7.08 6.00 5.72 4.67 5.97 13.14 7.76 0.00 -13.33% <-IRR #YR-> 5 CFPS - Less WC -51.08%
P/CF on Closing Price 19.40 18.86 18.38 12.46 9.98 9.24 7.75 7.98 6.13 6.06 4.23 6.27 14.24 7.13 6.59 7.54% <-IRR #YR-> 10 CFPS 5 yr Running 106.84%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 9.06 5 yr  8.03 P/CF Med 10 yr 7.78 5 yr  5.97 -8.37% Diff M/C 3.01% <-IRR #YR-> 5 CFPS 5 yr Running 15.99%
-$1.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.30 Cash Flow per Share
-$2.04 $0.00 $0.00 $0.00 $0.00 $1.30 Cash Flow per Share
-$1.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.13 CFPS 5 yr Running
-$1.95 $0.00 $0.00 $0.00 $0.00 $2.13 CFPS 5 yr Running
-$61.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $61.3 Cash Flow less WC
-$100.9 $0.0 $0.0 $0.0 $0.0 $61.3 Cash Flow less WC
-$33.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $117.4 CF less WC 5 Yr Run
-$83.8 $0.0 $0.0 $0.0 $0.0 $117.4 CF less WC 5 Yr Run
-$1.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.34 CFPS - Less WC
-$2.75 $0.00 $0.00 $0.00 $0.00 $1.34 CFPS - Less WC
OPM Ratio 82.42% 83.00% 71.64% 61.07% 73.26% 82.28% 79.09% 64.48% 65.64% 70.54% 80.20% 51.03% 38.30% 58.66% -46.53% <-Total Growth 10 OPM
Increase 21.66% 0.71% -13.69% -14.75% 19.97% 12.31% -3.87% -18.47% 1.79% 7.46% 13.70% -36.37% -24.94% 53.13% Should increase  or be stable.
Diff from Median 21.0% 21.9% 5.2% -10.3% 7.6% 20.8% 16.2% -5.3% -3.6% 3.6% 17.8% -25.0% -43.7% -13.9% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 68.09% 5 Yrs 65.64% should be  zero, it is a   check on calculations
EBITDA $44.05 $57.37 $69.69 $81.84 $76.98 $80.81 $100.94 $53.37 $191.24 $183.36 $201.98 $240.59 319.35% <-Total Growth 10 EBITDA
Chge 30.25% 21.46% 17.44% -5.94% 4.98% 24.90% -47.12% 258.32% -4.12% 10.15% 19.12% 13.80% <-Median-> 10 Chge
Margin 63.56% 62.76% 69.66% 91.87% 76.92% 69.68% 92.19% 36.14% 100.63% 112.79% 130.32% 124.98% 92.03% <-Median-> 10 Margin
EBITDA Per Share $1.65 $1.87 $2.10 $2.25 $2.11 $2.76 $2.22 $1.48 $4.35 $4.05 $4.44 $5.27 182.02% <-Total Growth 10 Per Share
$203 <-12 mths -1.76%
Adj EBITDA (starting 2024) $85.70 $124.50 $165.30 $216.50 $206.28 $162.30 $174.00
Chge 45.27% 32.77% 30.97% -4.72% -21.32% 7.21%
Margin 58.04% 65.51% 101.68% 139.69% 5498.20% 4088.14% #DIV/0!
Adjusted EBITDA Per Share $2.37 $2.83 $3.65 $4.76 $4.53
Long Term Debt $50.00 $44.50 $35.50 $77.45 $99.38 $173.46 $228.10 $285.19 $229.48 $326.57 $278.69 $305.47 $63.65 $63.65 Debt Type
Change 669.23% -11.00% -20.22% 118.16% 28.32% 74.54% 31.50% 25.03% -19.54% 42.31% -14.66% 9.61% -79.16% 0.00% 26.68% <-Median-> 10 Change Lg Term R
Debt/Market Cap Ratio 0.09 0.05 0.03 0.09 0.11 0.23 0.37 0.35 0.39 0.38 0.38 0.41 0.07 0.08 0.36 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 48.49 1.16 <-Median-> 10 Assets/Current Liab. Ratio Liquidity
Debt to Cash Flow (Years) 1.89 1.02 0.72 1.39 1.36 2.37 2.88 3.81 3.19 3.14 1.83 3.68 1.07 0.56 2.62 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Liq. + CF+D
Intangibles $6.57 $6.48 $6.39 $6.30 $6.21 $6.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Yes, 0 Intangibles Debt Ratio
Goodwill $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Goodwill Leverage
Total $6.57 $6.48 $6.39 $6.30 $6.21 $6.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Intangibles Total D/E Ratio
Change -1.37% -1.38% -1.40% -1.42% -1.44% -1.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $7.2 $18.6 $31.3 $53.1 $73.9 $66.3 $53.4 $129.4 $35.6 $65.2 $88.1 $48.3 $61.7 $61.7 96.76% <-Total Growth 10 Current Assets -$35.52
Current Liabilities $4.2 $6.5 $7.0 $14.2 $10.7 $7.2 $11.3 $69.3 $18.0 $24.4 $30.4 $124.4 $24.7 $24.7 253.24% <-Total Growth 10 Current Liabilities -$35.56
Liquidity Ratio 1.73 2.87 4.47 3.73 6.92 9.21 4.74 1.87 1.98 2.68 2.90 0.39 2.49 2.49 2.79 <-Median-> 10 Ratio -71.08
Liq. with CF aft div 1.81 3.67 4.83 3.69 8.27 11.11 6.51 2.07 3.48 4.62 5.95 0.56 2.38 4.55 3.48 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.08 0.16 0.40 0.35 3.56 0.97 0.89 0.58 1.81 0.44 5.95 0.31 2.38 4.55 1.81 <-Median-> 5 Ratio
Current Portion of Debt 0.00 $97.7 $0.0 $97.7
Liquidity Less CLTD 2.90 1.81 2.49 -0.84
Liq. with CF aft div 5.95 2.60 2.38 -1.54
Assets $332.9 $480.7 $579.9 $788.2 $787.2 $793.4 $891.4 $1,054.6 $956.4 $1,275.2 $1,370.1 $1,474.9 $1,199.7 $1,199.7 106.88% <-Total Growth 10 Assets
Liabilities $54.2 $51.0 $50.2 $111.2 $132.5 $188.9 $255.5 $450.1 $351.4 $486.4 $471.8 $514.1 $97.7 $97.7 94.60% <-Total Growth 10 Liabilities
Debt Ratio 6.14 9.43 11.55 7.09 5.94 4.20 3.49 2.34 2.72 2.62 2.90 2.87 12.28 12.28 3.20 <-Median-> 10 Ratio
Estimates BVPS $25.15 $26.28 Estimates Estimates BVPS
Estimate Book Value $1,147.4 $1,198.9 Estimates Estimate Book Value
P/B Ratio (Close) 0.70 0.67 Estimates P/B Ratio (Close)
Difference from 10 year median -32.61% Diff M/C Estimates Difference from 10 yr med.
Book Value $278.75 $429.76 $529.68 $677.05 $654.70 $604.50 $635.87 $604.45 $605.01 $788.86 $898.26 $960.82 $1,101.96 $1,102.0
Warrents $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
Book Value $278.75 $429.76 $529.68 $677.05 $654.70 $604.50 $635.87 $604.45 $605.01 $788.86 $898.26 $960.82 $1,101.96 $1,102.0 $1,102.0 $1,102.0 108.04% <-Total Growth 10 Book Value
Book Value per share $12.48 $14.98 $16.52 $18.65 $18.02 $16.42 $17.42 $16.47 $15.51 $17.47 $19.90 $21.12 $24.15 $24.15 $24.15 $24.15 46.26% <-Total Growth 10 Book Value per Share
Increase 2.76% 20.02% 10.27% 12.93% -3.39% -8.86% 6.10% -5.49% -5.78% 12.62% 13.87% 6.15% 14.38% 0.00% 0.00% 0.00% -32.29% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.67 2.04 1.84 1.57 1.36 1.29 1.07 1.18 0.95 1.02 0.89 0.74 0.73 0.80 0.00 0.00 1.08 P/B Ratio Historical Median
P/B Ratio (Close) 1.90 1.99 2.14 1.26 1.33 1.26 0.98 1.33 0.97 1.08 0.81 0.77 0.79 0.73 0.73 0.73 3.88% <-IRR #YR-> 10 Book Value per Share 46.26%
Change 28.18% 4.97% 7.36% -41.15% 5.49% -5.30% -22.53% 36.58% -26.87% 10.42% -25.03% -4.32% 2.78% -7.89% 0.00% 0.00% 7.97% <-IRR #YR-> 5 Book Value per Share 46.70%
Leverage (A/BK) 1.19 1.12 1.09 1.16 1.20 1.31 1.40 1.74 1.58 1.62 1.53 1.54 1.09 1.09 1.54 <-Median-> 5 A/BV
Debt/Equity Ratio 0.19 0.12 0.09 0.16 0.20 0.31 0.40 0.74 0.58 0.62 0.53 0.54 0.09 0.09 0.54 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.04 5 yr Med 0.89 -29.84% Diff M/C 1.34 Historical Leverage (A/BK)
-$16.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.15
-$16.47 $0.00 $0.00 $0.00 $0.00 $24.15
Comprehensive Income $17.94 $24.07 $57.17 $82.95 $32.13 $5.52 $87.75 $20.61 $15.65 $146.87 $167.02 $120.77 $234.42 310.07% <-Total Growth 10 Comprehensive Income
Increase 23.46% 34.18% 137.50% 45.11% -61.27% -82.82% 1489.75% -76.52% -24.08% 838.67% 13.72% -27.69% 94.10% 13.72% <-Median-> 5 Comprehensive Income
5 Yr Running Average $11.38 $16.80 $24.74 $39.33 $42.85 $40.37 $53.10 $45.79 $32.33 $55.28 $87.58 $94.18 $136.94 15.16% <-IRR #YR-> 10 Comprehensive Income 310.07%
ROE 6.4% 5.6% 10.8% 12.3% 4.9% 0.9% 13.8% 3.4% 2.6% 18.6% 18.6% 12.6% 21.3% 62.62% <-IRR #YR-> 5 Comprehensive Income 1037.44%
5Yr Median 6.4% 6.4% 6.4% 6.4% 6.4% 5.6% 10.8% 4.9% 3.4% 3.4% 13.8% 12.6% 18.6% 18.66% <-IRR #YR-> 10 5 Yr Running Average 453.57%
% Difference from Net Income -0.54% -19.29% 16.55% 43.37% -51.73% -53.61% 44.34% -43.16% -22.89% 1.82% 27.81% -12.77% 0.00% 24.49% <-IRR #YR-> 5 5 Yr Running Average 199.05%
Median Values Diff 5, 10 yr -6.4% 0.0% 18.6% <-Median-> 5 Return on Equity
-$57.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $234.4
-$20.6 $0.0 $0.0 $0.0 $0.0 $234.4
-$24.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $136.9
-$45.8 $0.0 $0.0 $0.0 $0.0 $136.9
Current Liability Coverage Ratio 6.31 6.76 7.09 3.92 6.86 10.18 7.02 1.08 3.99 4.28 5.02 0.67 2.40 4.56   CFO / Current Liabilities
5 year Median 4.22 4.31 6.31 6.31 6.76 6.86 7.02 6.86 6.86 4.28 4.28 3.99 3.99 4.28 3.99 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 7.95% 9.10% 8.56% 7.08% 9.31% 9.24% 8.88% 7.09% 7.51% 8.17% 11.12% 5.62% 4.95% 9.41% CFO / Total Assets
5 year Median 5.9% 7.9% 7.9% 7.95% 8.56% 9.10% 8.88% 8.88% 8.88% 8.17% 8.17% 7.51% 7.51% 8.17% 7.5% <-Median-> 5 Return on Assets 
Return on Assets ROA 5.42% 6.20% 8.46% 7.34% 8.45% 1.50% 6.82% 3.44% 2.12% 11.31% 9.54% 9.39% 19.54% 7.76% Net  Income/Assets Return on Assets
5Yr Median 5.42% 6.20% 6.20% 7.34% 7.34% 7.34% 7.34% 6.82% 3.44% 3.44% 6.82% 9.39% 9.54% 9.54% 9.5% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 6.47% 6.94% 9.26% 8.55% 10.17% 1.97% 9.56% 6.00% 3.35% 18.29% 14.55% 14.41% 21.27% 8.45% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 6.56% 6.94% 6.94% 8.55% 8.55% 8.55% 9.26% 8.55% 6.00% 6.00% 9.56% 14.41% 14.55% 14.55% 14.5% <-Median-> 5 Return on Equity
$192 <-12 mths -17.96% Estimates Last 12 months from Qtr
Net Income $18.0 $29.8 $49.0 $57.9 $66.6 $11.9 $60.8 $36.3 $20.3 $144.2 $130.7 $138.4 $234.4 $93.1 $101.9 377.92% <-Total Growth 10 Net Income
Increase -48.04% 65.36% 64.46% 17.97% 15.02% -82.12% 410.89% -40.36% -44.04% 610.88% -9.41% 5.95% 69.32% -60.28% 9.45% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $15.4 $22.0 $28.3 $38 $44 $43 $49 $47 $39 $55 $78 $94 $134 $148.2 $139.7 16.93% <-IRR #YR-> 10 Net Income 252.22%
Operating Cash Flow $26.5 $43.7 $49.6 $55.8 $73.3 $73.3 $79.2 $74.8 $71.9 $104.2 $152.4 $83.0 $59.4 45.25% <-IRR #YR-> 5 Net Income 546.52%
Investment Cash Flow -$91.2 -$143.3 -$77.4 -$134.6 -$14.2 -$74.9 -$71.3 -$179.9 -$16.6 -$229.0 $14.9 -$99.0 $0.0 16.78% <-IRR #YR-> 10 5 Yr Running Average 241.21%
Total Accruals $82.7 $129.4 $76.8 $136.7 $7.4 $13.5 $52.9 $141.4 -$35.0 $269.1 -$36.6 $154.4 $175.0 23.41% <-IRR #YR-> 5 5 Yr Running Average 241.21%
Total Assets $332.9 $480.7 $579.9 $788.2 $787.2 $793.4 $891.4 $1,054.6 $956.4 $1,275.2 $1,370.1 $1,474.9 $1,199.7 Balance Sheet Assets
Accruals Ratio 24.85% 26.91% 13.25% 17.34% 0.94% 1.70% 5.93% 13.41% -3.66% 21.10% -2.67% 10.47% 14.59% 10.47% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.69 0.69 0.82 0.89 0.75 0.14 0.75 0.36 0.23 1.01 0.74 1.13 3.78 0.75 <-Median-> 10 EPS/CF Ratio
-$49.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $234.4
-$36.3 $0.0 $0.0 $0.0 $0.0 $234.4
-$28.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $133.6
-$46.7 $0.0 $0.0 $0.0 $0.0 $133.6
Change in Close 31.72% 25.98% 18.38% -33.54% 1.91% -13.70% -17.80% 29.08% -31.10% 24.35% -14.64% 1.56% 17.56% -7.89% 0.00% 0.00% Count 18 Years of data
up/down Down Down Down Down Down Down Down Down Down Down Count 14 77.78%
Meet Prediction? Yes Yes Yes % right Count 5 35.71%
Financial Cash Flow $64.4 $104.9 $31.9 $85.2 -$42.3 $18.8 -$19.0 $100.9 -$52.9 $128.5 -$125.2 -$29.9 -$62.1 C F Statement  Financial Cash Flow
Total Accruals $18.3 $24.5 $45.0 $51.5 $49.7 -$5.3 $71.9 $40.5 $17.9 $140.6 $88.6 $184.4 $237.2 Accruals
Accruals Ratio 5.49% 5.09% 7.75% 6.54% 6.31% -0.67% 8.06% 3.84% 1.87% 11.03% 6.46% 12.50% 19.77% 11.03% <-Median-> 5 Ratio
Cash $3.6 $9.0 $13.5 $21.0 $29.5 $35.5 $22.8 $17.1 $16.5 $18.4 $60.2 $15.2 $4.2 $4.2 Cash
Cash per Share $0.16 $0.31 $0.42 $0.58 $0.81 $0.96 $0.62 $0.47 $0.42 $0.41 $1.33 $0.33 $0.09 $0.09 $0.41 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.69% 1.05% 1.19% 2.46% 3.39% 4.67% 3.67% 2.12% 2.80% 2.17% 8.31% 2.05% 0.48% 0.52% 2.17% <-Median-> 5 % of Stock Price
Notes
April 3, 2025.  Last estimates were for 2024, 2025 of $172M, $180MTotal Distributions, $1.87, $1.84 EPS, $1.39, $1.42 Dividends, 
$112.3, $127.0 FCF, $2.02, $2.12 CFPS, $22.00, $22.08 BVPS, $91.5M, $92.2M Net Income.
April 6, 2024.  Last estimates were for 2023 and 2024 of $160M, $170M for Revenue, $1.84, $1.89 for EPS, 1.35, $1.40 for Dividends, R96.6M, $116M for FCF, 
$2.24 and $2.57 for Cash Flow per Share, $20.50, $21.30 for BVPS, $84.9M, $92.1M for Net Income
April 8, 2023.  Last estimates were for 2022 and 2023 of $163M and $180M for Revenue, $2.32 and $2.35 for EPS, $1.32 and $1.45 for dividends, 
$95.6M and $104M for FCF, $2.10 and $2.32 for CFPS, $18.60 and $19.60 for BVPS, $108M and $110M for Net Income.
April 4, 2022.  Last estimates were for 2021, and 2022 of $140M and $157M for Revenue, $1.94 and $2.01 for EPS, $1.23 and $1.32 for Dividends, 
-$143M and $1.00M for FCF, $1.86 and $2.11 for CFPS and $86.5M and $91.1M for Net Income.
April 4, 2021.  Last estimates were for 2020 and 2021 o $101M and $119M for Revenue, $1.48 and 1.61 for EPS, $1.39 and 1.50 for Dividends, $1.80 and 1.98 for CFPS and $54.7M and $59.3M for Net Income.
September 1, 2020.  Alaris Equity Partners Income Trust acquired all the common shares of Alaris Royalty Corp.  All will trade on TSX as AD.UN
March 29, 2020.  Last estimates were for 2019 and 2020 of $114M and $124M for Revenue, $1.66 and 1.79 for EPS, $1.62 and $1.81 for CFPS and $62.8M and $65.1M for Net Income.
March 30, 2019.  Last estimates were for 2018 and 2020 of $102M and $121M for Revenue, $1.80 and $2.02 for EPS, $1.74 for CFPS for 2018 and $72.3M for Net Income fo 2018.
March 31, 2018.  Last estimates were for 2017, 2018 and 2019 of 100M, 106M and 119M for Revenue, $1.15, $1.80 and $2.02 for EPS, $1.66, $1.75 and $1.74 for CFPS, $34M, $66.8M and $87.1M for Net Income.
January 8, 2018 added Q3 2017 as I had before had Q1 2017.  Also updated estimates.  They all seem to go down.
January 8, 2017 last estimates were for 2017, 2018 and 2019 of $94M, $109M and $114M for Revenue, $1.51 and $1.78 for EPS for 2017 and 2018, $1.74 and $1.94 for 2017 and 2018 and $59.8M and $72.3M for Net Income for 2017 anmd 2018.
July 16, 2017.  Last estimates were for 2016, 2017 and 2018 of $124M, $136M and $166M for Revenue, $1.88, $2.14 and $2.41 for EPS, $1.88, $2.06 and $3.24 for CFPS 
and $72.6M, $89.8M and $112M for Net Income.
August 31, 2020, Alaris Royalty Corp changed its name to Alaris Equity Partners Income Trust effective September 1, 2020.
This company was started at the end of 2007.  It went public in December 2008.  It started to pay dividends in 2009.
Sector:
Financial Services, Financials
What should this stock accomplish?
You should expect a good dividend with low growth.  Good dividend would be over 4% and low growth would be 1 to 7%.  
Also, expect some volatility as this company is in Financial Services.
Would I buy this company and Why.
Yes.  There is a lot of things I like about this stock.  How they make their money is different than other financial companies.  Debt Ratios are very good.  
It is a dividend growth company with a high dividend yield.
Why am I following this stock. 
I own this stock of Alaris Equity Partners Income Trust (TSX-AD, OTC-ALARF).  This is a stock that <a href="http://www.dividendsinhand.com/" 
target="_top"> Dividends in Hand </a> Blogger had bought in July 2016.  
It was also recommended by Acumen Capital report in a report by Brian Pow and Oliver Shao via Investor’s Digest.
The Blogger Dividends in Hand sold his position in this company in April 29, 2020.
Dividends
Dividends will be paid quarterly after the March 2020 dividend. Mar, Jun, Sep and Dec.
Dividends are paid monthly.  Dividends are declared in one month for shareholders of record of that month and paid in the following month.
For example, on June 20, 2016 the company declared a dividends for shareholders of record of June 30, 2016, payable on July 15, 2016.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies 
(Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust.
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 Mar 18 2018 Mar 30 2019 Mar 29 2020 Apr 4 2021 Apr 4 2022 Apr 8 2023 Apr 6 2024 Apr 3 2025
King, Stephen Walter 1.89% 0.706 1.93% 0.736 2.01% 0.788 2.02% 0.798 1.77% 0.824 1.82% 0.864 1.90% 0.864 1.89% 0.930 2.04% 7.66%
CEO - Shares - Amount $14.392 $11.995 $16.144 $11.900 $14.992 $13.211 $14.067 $16.537 $16.400
Options - percentage 2.24% 0.725 1.99% 0.725 1.97% 0.516 1.32% 0.517 1.14% 0.353 0.78% 0.386 0.85% 0.386 0.85% 0.454 0.99% 17.63%
Options - amount $17.008 $12.318 $15.895 $7.794 $9.705 $5.661 $6.282 $7.385 $8.002
Frazer, Amanda Mai 0.013 0.03% 0.021 0.05% 0.027 0.06% 0.027 0.06% 0.049 0.11% 81.19%
CFO - Shares - Amount $0.243 $0.337 $0.445 $0.523 $0.873
Options - percentage 0.198 0.44% 0.036 0.08% 0.151 0.33% 0.151 0.33% 0.175 0.38% 15.49%
Options - amount $3.715 $0.583 $2.468 $2.901 $3.086
Driscoll, Darren Ceased insider Nov 2021
CFO - Shares - Amount
Options - percentage
Options - amount
Ervin, Michael Donald 0.006 0.02% 0.023 0.06% 0.032 0.07% 0.045 0.10% 0.064 0.14% 0.064 0.14% 0.091 0.20% 42.44%
Officer - Shares - Amount $0.138 $0.348 $0.595 $0.723 $1.043 $1.226 $1.609
Options - percentage 0.246 0.67% 0.227 0.58% 0.230 0.51% 0.169 0.37% 0.180 0.40% 0.141 0.31% 0.200 0.44% 41.59%
Options - amount $5.402 $3.434 $4.324 $2.707 $2.929 $2.709 $3.534
Delcourt, Craig 0.063 0.14% 0.098 0.21% 54.93%
Officer - Shares - Amount $1.207 $1.722
Options - percentage 0.107 0.23% 0.133 0.29% 24.86%
Options - amount $2.041 $2.348
Bertram, Robert 0.09% 0.037 0.10% 0.043 0.12% 0.053 0.14% 0.058 0.13% 0.063 0.14% 0.068 0.15% 0.068 0.15% 0.071 0.16% 4.27%
Director - Shares - Amount $0.682 $0.629 $0.950 $0.806 $1.096 $1.016 $1.113 $1.309 $1.257
Options - percentage 0.04% 0.015 0.04% 0.015 0.04% 0.015 0.04% 0.018 0.04% 0.018 0.04% 0.019 0.04% 0.011 0.02% 0.016 0.04% 47.86%
Options - amount $0.296 $0.255 $0.329 $0.227 $0.339 $0.295 $0.308 $0.209 $0.284
Shler, J. Mitchell 0.033 0.07% 0.033 0.07% 0.035 0.08% 8.99%
Director - Shares - Amount $0.529 $0.622 $0.625
Options - percentage 0.019 0.04% 0.011 0.02% 0.016 0.04% 48.88%
Options - amount $0.308 $0.207 $0.284
Langlois, Sophia Jane 0.020 0.04% 0.023 0.05% 14.49%
Director - Shares - Amount $0.386 $0.407
Options - percentage 0.011 0.02% 0.016 0.04% 48.88%
Options - amount $0.207 $0.284
Grosskoft, Peter 0.010 0.02% 0.021 0.05% Chairman in 2024 109.41%
Chairman - Shares - Amt $0.192 $0.369
Options - percentage 0.000 0.00% 0.021 0.05% #DIV/0!
Options - amount $0.000 $0.369
Ripley, John Frederick 0.300 0.77% 0.462 1.02% 0.469 1.04% 0.151 0.33% Ceased insider May 2023
Chairman - Shares - Amt $4.533 $8.672 $7.528 $2.454
Options - percentage 0.015 0.04% 0.021 0.05% 0.217 0.48% 0.017 0.04%
Options - amount $0.227 $0.393 $3.484 $0.277
Lee, Jack Chuck 0.63% 0.235 0.64% 0.240 0.65% 0.250 2.44%
Chairman - Shares - Amt $4.762 $3.993 $5.257 $3.771
Options - percentage 0.05% 0.019 0.05% 0.186 0.51% 0.019 0.05%
Options - amount $0.345 $0.323 $4.080 $0.283
Increase in O/S Shares 0.09% 0.145 0.39% 0.015 0.04% 0.213 0.58% 0.097 0.25% 0.244 0.54% 0.132 0.29% 0.217 0.48% 0.123 0.27% Average 0.37%
Due to SO $0.786 $2.997 $0.255 $4.671 $2.127 $4.585 $2.117 $3.535 $2.355
Book Value $0.000 $2.512 $0.240 $4.231 $1.351 $4.347 $2.598 $3.671 $2.354
Insider Buying -$0.324 -$0.447 -$0.493 -$4.224 -$2.634 -$0.160 -$0.115 -$0.005 -$0.455
Insider Selling $0.202 $0.159 $0.000 $0.753 $0.318 $1.625 $6.553 $0.000 $0.375
Net Insider Selling -$0.121 -$0.288 -$0.493 -$3.471 -$2.315 $1.466 $6.439 -$0.005 -$0.079
Net Selling % of Market Cap -0.02% -0.05% -0.06% -0.59% -0.27% 0.20% 0.87% 0.00% -0.01%
Directors 7 7 7 6 7 6 6 7
Women 14% 1 14% 1 14% 1 14% 2 33% 3 43% 2 33% 2 33% 2 29%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 35.66% 63 35.66% 59 29.55% 20 20.51% 20 10.56% 20 7.73% 20 6.44% 20 5.91% 20 5.69%
Total Shares Held 35.30% 11.120 30.47% 10.821 29.48% 7.511 19.26% 4.740 10.50% 3.489 7.73% 2.917 6.41% 2.687 5.89% 2.855 6.26%
Increase/Decrease 3 Mths -1.13% -0.932 -7.73% -0.430 -3.82% 0.165 2.24% 0.365 8.34% 0.090 2.63% -0.243 -7.70% 0.544 25.38% -86.385 -96.80%
Starting No. of Shares 12.052 11.251 7.347 Top 20 MS 4.375 Top 20 MS 3.400 Top 20 MS 3.160 Top 20 MS 2.143 Top 20 MS 89.240 Top 20 MS
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