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. Q2 2025
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/
Chemtrade Logistics Income Fund TSX: CHE.UN OTC: CGIFF https://www.chemtradelogistics.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 IFRS IFRS IFRS
Cost of Sales $697.4 $1,068.1 $1,281.5 $984.8 $1,278.1 $1,509.0 $1,435.5 $1,345.9 $1,372.3 $1,459.5 $1,426.1 $1,356.5 $1,427.4 <-12 mths 5.23% 27.00% <-Total Growth 10 Cost of Sales
Change 53.15% 19.98% -23.15% 29.79% 18.06% -4.87% -6.24% 1.96% 6.35% -2.29% -4.88% 5.23% <-12 mths 207.13% -0.16% <-Median-> 10 Change
Ratio 0.83 0.89 0.94 0.92 0.87 0.95 0.94 0.98 1.00 0.80 0.77 0.76 0.76 <-12 mths -0.17% 0.93 <-Median-> 10 Ratio
Selling & Admin $80.1 $116.0 $115.3 $78.5 $118.8 $192.9 $132.8 $108.4 $100.2 $134.3 $128.2 $183.3 $167.9 <-12 mths -8.37% 57.94% <-Total Growth 10 Selling & Admin
Change 44.95% -0.65% -31.88% 51.30% 62.29% -31.15% -18.38% -7.53% 34.03% -4.56% 42.98% -8.37% <-12 mths -119.48% -2.60% <-Median-> 10 Change
Ratio 0.10 0.10 0.08 0.07 0.08 0.12 0.09 0.08 0.07 0.07 0.07 0.10 0.09 <-12 mths -13.07% 0.08 <-Median-> 10 Ratio
Total $777.5 $1,184.2 $1,396.8 $1,063.3 $1,396.9 $1,701.8 $1,568.3 $1,454.3 $1,472.5 $1,593.8 $1,554.3 $1,539.8 $1,595.4 <-12 mths 3.61% 30.03% <-Total Growth 10 Total
Change 52.30% 17.95% -23.88% 31.38% 21.83% -7.84% -7.27% 1.26% 8.23% -2.48% -0.94% 3.61% <-12 mths 486.04% 0.16% <-Median-> 10 Change
Ratio 0.93 0.98 1.02 1.00 0.95 1.07 1.02 1.05 1.08 0.88 0.84 0.86 0.85 <-12 mths -1.70% 1.01 <-Median-> 10 Ratio
$1,883.7 <-12 mths 5.41%
Revenue* $919.4 $836.1 $1,203.4 $1,364.9 $1,067.3 $1,469.1 $1,595.7 $1,532.9 $1,379.6 $1,368.5 $1,813.4 $1,846.8 $1,787.0 $1,927 $2,081 $2,169 48.50% <-Total Growth 10 Revenue
Increase 4.40% -9.06% 43.93% 13.42% -21.81% 37.66% 8.62% -3.94% -10.00% -0.81% 32.51% 1.84% -3.23% 7.83% 7.99% 4.23% 4.03% <-IRR #YR-> 10 Revenue 48.50%
5 year Running Average $816.6 $748.1 $879.5 $1,040.9 $1,078.2 $1,188.2 $1,340.1 $1,406.0 $1,408.9 $1,469.2 $1,538.0 $1,588.2 $1,639.1 $1,748.5 $1,891.0 $1,962.2 3.12% <-IRR #YR-> 5 Revenue 16.58%
Revenue per Share $22.07 $20.06 $17.58 $19.76 $15.43 $15.87 $17.23 $16.55 $14.81 $13.13 $15.70 $15.78 $15.02 $17.07 $18.43 $19.21 6.42% <-IRR #YR-> 10 5 yr Running Average 86.36%
Increase 4.40% -9.08% -12.40% 12.44% -21.92% 2.83% 8.62% -3.95% -10.54% -11.33% 19.53% 0.53% -4.83% 13.66% 7.99% 4.23% 3.12% <-IRR #YR-> 5 5 yr Running Average 16.58%
5 year Running Average $23.28 $19.85 $19.81 $20.12 $18.98 $17.74 $17.17 $16.97 $15.98 $15.52 $15.48 $15.19 $14.89 $15.34 $16.40 $17.10 -1.56% <-IRR #YR-> 10 Revenue Per share -14.56%
P/S (Price/Sales) Med 0.72 0.89 1.17 0.97 1.09 1.17 0.85 0.60 0.50 0.54 0.53 0.55 0.66 0.61 0.01 0.00 -1.93% <-IRR #YR-> 5 Revenue Per share -9.29%
P/S (Price/Sales) Close 0.74 0.97 1.18 0.90 1.23 1.22 0.61 0.67 0.39 0.56 0.57 0.54 0.73 0.76 0.71 0.81 -2.82% <-IRR #YR-> 10 5 yr Running Average -24.85%
*Revenue in M CDN $  P/S Med 20 yr  0.65 15 yr  0.69 10 yr  0.63 5 yr  0.54 21.20% Diff M/C -2.59% <-IRR #YR-> 5 5 yr Running Average -12.28%
-$1,203.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,787.0
-$1,532.9 $0.0 $0.0 $0.0 $0.0 $1,787.0
-$879.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,639.1
-$1,406.0 $0.0 $0.0 $0.0 $0.0 $1,639.1
-$17.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.02
-$16.55 $0.00 $0.00 $0.00 $0.00 $15.02
-$19.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.89
-$16.97 $0.00 $0.00 $0.00 $0.00 $14.89
-$3.6 <-12 mths -102.28%
-$0.03 <-12 mths -103.01%
Adjusted Fund from Operations $116.2 $109.9 $170.6 $188.1 $144.5 $164.8 $119.3 $187.5 $133.4 $159.4 $247.76 $235.07 $158.16 9.47% <-Total Growth 10 AFFO
AFFO Basic $2.79 $2.64 $2.83 $2.73 $2.09 $1.56 $1.29 $2.03 $1.44 $1.57 $2.28 $2.02 $1.34
AFFO* Diluted $2.79 $2.64 $2.83 $2.73 $2.09 $2.13 $1.29 $1.78 $1.44 $1.57 $1.68 $1.49 $1.03 -$0.03 <-12 mths -50.78% <-Total Growth 10 AFFO
Increase 4.89% -5.38% 7.20% -3.53% -23.44% 1.91% -39.44% 37.98% -19.10% 9.03% 7.06% -11.46% -30.87% -103.01% <-12 mths -9.62% <-IRR #YR-> 10 AFFO -63.65%
AFFO Yield 17.10% 13.50% 13.67% 15.29% 11.03% 10.98% 12.31% 16.14% 24.70% 21.22% 18.74% 17.47% 9.40% -0.24% <-12 mths -10.39% <-IRR #YR-> 5 AFFO -42.20%
5 year Running Average $2.49 $2.43 $2.55 $2.73 $2.62 $2.48 $2.21 $2.00 $1.75 $1.64 $1.55 $1.59 $1.44 $1.15 <-12 mths -14.72% <-IRR #YR-> 10 5 yr Running Average -43.42%
Payout Ratio 43.01% 45.45% 42.40% 43.96% 57.42% 56.34% 93.02% 67.42% 52.08% 38.22% 35.70% 40.32% 63.67% -2217.43% <-12 mths -6.38% <-IRR #YR-> 5 5 yr Running Average -28.07%
5 year Running Average 48.12% 49.42% 47.10% 43.96% 45.87% 48.31% 54.20% 59.88% 63.57% 60.29% 56.05% 47.12% 44.47% 54.78% <-12 mths 51.25% <-Median-> 10 Payout 5 yr Running Average
Price/AFFO Median 5.66 6.75 7.24 7.01 8.06 8.70 11.36 5.59 5.18 4.54 4.96 5.80 9.64 -337.69 <-12 mths 6.40 <-Median-> 10 P/AFFO Med
Price/AFFO High 6.12 7.51 7.83 8.07 9.09 9.37 14.91 6.63 7.91 5.39 5.83 6.79 11.70 -394.78 <-12 mths 7.99 <-Median-> 10 P/AFFO High
Price/AFFO Low 5.19 6.00 6.66 5.95 7.03 8.03 7.81 4.55 2.44 3.70 4.09 4.80 7.58 -280.61 <-12 mths 5.37 <-Median-> 10 P/AFFO Low
Price/AFFO Close 5.85 7.41 7.31 6.54 9.06 9.11 8.12 6.20 4.05 4.71 5.34 5.72 10.63 -420.91 <-12 mths 6.37 <-Median-> 10 P/AFFO Close
Trailing P/AFFO Close 6.14 7.01 7.84 6.31 6.94 9.28 4.92 8.55 3.28 5.14 5.71 5.07 7.35 12.68 <-12 mths 6.01 <-Median-> 10 Trailing P/AFFO Close
Median Values Historical   in order 6.07 7.58 5.11 5.99 P/CF 5 Yrs   in order 5.18 6.79 4.09 5.34 -8230.23% Diff M/C -6675.31% Diff M/C 10 DPR 75% to 95% best
* Adjusted Funds from Operations (AFFO)
-$2.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.03
-$1.78 $0.00 $0.00 $0.00 $0.00 $1.03
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.00 -$1.75 $0.00 $0.00 $0.00 $1.44
-$2.00 $0.00 $0.00 $0.00 $0.00 $1.44
$239.2 <-12 mths 12.24%
$2.04 <-12 mths 13.24%
Distributable Income (Cash) $86.37 $75.49 $57.5 $135.7 $126.6 $120.8 $41.6 $82.1 $59.0 $84.1 $215.1 $283.0 $213.1 270.73% <-Total Growth 10 Distributable Cash Flow
Distributable Income (Cash) $2.07 $1.81 $2.10 $1.97 $1.44 $1.37 $0.45 $0.89 $0.64 $0.83 $1.98 $2.44 $1.80 $2.04 <-12 mths -14.29% <-Total Growth 10 Distributable Cash
Increase 2.99% -12.56% 16.02% -6.19% -26.90% -4.86% -67.15% 97.78% -28.09% 29.69% 138.55% 23.23% -26.23% 13.24% <-12 mths -1.53% <-IRR #YR-> 10 Distributable Cash -14.29%
DC Yield 12.68% 9.26% 10.14% 11.03% 7.60% 7.06% 4.29% 8.07% 10.98% 11.22% 22.07% 28.64% 16.45% 15.62% <-12 mths 15.13% <-IRR #YR-> 5 Distributable Cash 102.25%
5 year Running Average $1.88 $1.74 $1.87 $1.99 $1.88 $1.74 $1.47 $1.22 $0.96 $0.84 $0.96 $1.36 $1.54 $1.82 <-12 mths -1.91% <-IRR #YR-> 10 5 yr Running Average -17.58%
Payout Ratio 57.97% 66.30% 57.14% 60.91% 83.33% 87.59% 266.67% 134.83% 117.19% 72.29% 30.30% 24.59% 36.39% 33.73% <-12 mths 4.67% <-IRR #YR-> 5 5 yr Running Average 25.65%
5 year Running Average 63.97% 69.04% 64.31% 60.24% 63.90% 69.04% 81.86% 98.04% 115.87% 118.42% 90.81% 55.31% 41.68% 34.58% <-12 mths 75.45% <-Median-> 10 Payout 5 yr Running Average
Price/DC Median 7.62 9.85 9.76 9.71 11.70 13.53 32.57 11.18 11.65 8.60 4.21 3.53 5.51 5.14 <-12 mths 10.45 <-Median-> 10 Price/DC Median
Price/DC High 8.25 10.95 10.55 11.18 13.19 14.56 42.76 13.26 17.80 10.19 4.95 4.14 6.69 6.01 <-12 mths 12.19 <-Median-> 10 Price/DC High
Price/DC Low 7.00 8.75 8.98 8.24 10.21 12.49 22.38 9.10 5.50 7.00 3.47 2.93 4.33 4.27 <-12 mths 7.62 <-Median-> 10 Price/DC Low
Price/DC Close 7.88 10.80 9.86 9.07 13.15 14.16 23.29 12.39 9.11 8.92 4.53 3.49 6.08 6.40 <-12 mths 9.09 <-Median-> 10 Price/DC Close
Trailing P/DC Close 8.12 9.44 11.44 8.50 9.61 13.47 7.65 24.51 6.55 11.56 10.81 4.30 4.48 7.25 <-12 mths 9.06 <-Median-> 10 Trailing P/DC Close
Median Values Historical   in order 8.98 10.37 7.21 8.99 P/CF 5 Yrs   in order 5.51 6.69 4.33 6.08 16.17% Diff M/C -38.71% Diff M/C 10 DPR 75% to 95% best
* DI after maintenance and capital expeditures
* DC after maintenance and capital expeditures -$2.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.80
-$0.89 $0.00 $0.00 $0.00 $0.00 $1.80
-$1.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.54 2023
-$1.22 $0.00 $0.00 $0.00 $0.00 $1.54 $1.27
$1.07 <-12 mths 2.88%
Difference Basic and Diluted 0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 0.00% 0.00% 0.00% 0.00% 1.98% 29.30% 2.80%
EPS Basic $0.94 $0.13 $0.35 -$0.69 -$0.18 $1.67 -$1.42 -$1.08 -$1.81 -$2.31 $1.01 $2.15 $1.07 205.71% <-Total Growth 10 EPS Basic
EPS Diluted* $0.94 $0.13 $0.35 -$0.69 -$0.18 $1.53 -$1.42 -$1.08 -$1.81 -$2.31 $0.99 $1.52 $1.04 $1.00 $1.39 $1.51 197.14% <-Total Growth 10 EPS Diluted
Increase -36.49% -86.17% 169.23% -297.14% 73.91% 950.00% -192.81% 23.94% -67.59% -27.62% 142.86% 53.54% -31.58% -3.88% 39.34% 8.40% 4 6 10 Years of Data, EPS P or N
Earnings Yield 5.8% 0.7% 1.7% -3.9% -1.0% 7.9% -13.5% -9.8% -31.0% -31.2% 11.0% 17.8% 9.5% 7.7% 10.7% 9.7% 11.51% <-IRR #YR-> 10 Earnings per Share 197.14%
5 year Running Average $1.26 $1.04 $0.81 $0.44 $0.11 $0.23 -$0.08 -$0.37 -$0.59 -$1.02 -$1.13 -$0.54 -$0.11 $0.45 $1.19 $1.29 #NUM! <-IRR #YR-> 5 Earnings per Share 196.30%
10 year Running Average $0.90 $0.83 $0.80 $0.68 $0.65 $0.74 $0.48 $0.22 -$0.08 -$0.45 -$0.45 -$0.31 -$0.24 -$0.07 $0.09 $0.08 #NUM! <-IRR #YR-> 10 5 yr Running Average -114.11%
* Diluted ESP per share  E/P 10 Yrs -2.41% 5Yrs 9.51% -20.89% <-IRR #YR-> 5 5 yr Running Average 69.02%
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.04
$1.08 $0.00 $0.00 $0.00 $0.00 $1.04
-$0.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.11
$0.37 $0.00 $0.00 $0.00 $0.00 -$0.11
Dividend* $0.69 $0.70 $0.71 Estimates Dividend*
Increase 5.34% 1.45% 2.17% Estimates Increase
Payout Ratio EPS 69.02% 50.07% 46.69% Estimates Payout Ratio EPS
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 Dividends
Dividend* $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $0.66 $0.69 $0.69 $0.69 -45.42% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -37.50% -20.00% 0.00% 0.00% 9.17% 4.96% 0.36% 0.00% 5 3 23 Years of data, Count P, N
Average Increases 5 Year Running 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -7.50% -11.50% -11.50% -11.50% -9.67% -1.17% 2.90% 2.90% -3.75% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.11 $0.99 $0.87 $0.75 $0.64 $0.63 $0.65 $0.66 -46.58% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 7.60% 6.73% 5.85% 6.27% 7.12% 6.48% 8.19% 12.06% 10.06% 8.41% 7.19% 6.96% 6.60% 6.57% 7.16% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 7.03% 6.05% 5.42% 5.45% 6.32% 6.02% 6.24% 10.17% 6.58% 7.09% 6.12% 5.94% 5.44% 5.62% 6.18% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 8.29% 7.58% 6.37% 7.39% 8.16% 7.01% 11.92% 14.81% 21.31% 10.33% 8.72% 8.39% 8.40% 7.90% 8.56% <-Median-> 10 Yield on Low Price AFFO
Yield on Close Price 7.35% 6.14% 5.80% 6.72% 6.34% 6.19% 11.45% 10.88% 12.86% 8.11% 6.69% 7.04% 5.99% 5.27% 5.29% 4.45% 6.88% <-Median-> 10 Yield on Close Price DCF
Payout Ratio EPS 127.66% 923.08% 342.86% 0.00% 0.00% 78.43% 0.00% 0.00% 0.00% 0.00% 60.61% 39.47% 62.98% 68.77% 49.53% 45.70% 0.00% <-Median-> 10 DPR EPS CFPS
DPR EPS 5 Yr Running 95.39% 115.16% 148.51% 271.49% 1090.91% 526.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 140.31% 54.39% 51.41% 0.00% <-Median-> 10 DPR EPS 5 Yr Running FCF 
Payout Ratio CFPS 46.16% 46.37% 78.78% 51.17% 54.25% 73.44% 45.45% 79.67% 26.68% 28.55% 18.78% 17.49% 22.41% 27.28% 26.24% #DIV/0! 37.00% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 48.28% 57.96% 56.96% 55.01% 53.25% 58.24% 57.95% 58.04% 51.37% 46.29% 35.50% 28.75% 22.16% 22.18% 21.99% #DIV/0! 52.31% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 35.28% 38.46% 37.18% 34.98% 41.15% 43.99% 56.63% 37.59% 26.34% 22.32% 16.09% 13.97% 16.56% 27.28% 26.24% #DIV/0! 30.66% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 45.76% 45.78% 42.56% 38.39% 37.28% 38.90% 41.61% 41.71% 40.21% 36.47% 29.84% 22.39% 18.30% 18.28% 18.87% #DIV/0! 37.83% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 7.16% 6.88% 5 Yr Med 5 Yr Cl 7.19% 7.04% 5 Yr Med Payout 39.47% 22.41% 16.56% -11.40% <-IRR #YR-> 5 Dividends -45.42%
* Dividends per share  10 Yr Med and Cur. -26.13% -23.16% 5 Yr Med and Cur. -26.51% -24.92% Last Div Inc ---> $0.0550 $0.0575 4.5% -5.87% <-IRR #YR-> 10 Dividends -45.42%
Dividends Growth 15 -3.96% <-IRR #YR-> 15 Dividends -45.42%
Dividends Growth 20 -3.44% <-IRR #YR-> 20 Dividends -50.38%
Dividends Growth 25 1.22% <-IRR #YR-> 23 Dividends
Dividends Growth 5 -$1.20 $0.00 $0.00 $0.00 $0.00 $0.66 Dividends Growth 5
Dividends Growth 10 -$1.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.66 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 $0.66 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 $0.66 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 $0.66 Dividends Growth 25
Historical Dividends Historical High Div 19.67% Low Div 5.43% 10 Yr High 20.66% 10 Yr Low 5.44% Med Div 8.14% Close Div 7.64% 7.16% 6 Historical Dividends
High/Ave/Median Values Curr diff Exp. -73.12% Exp -2.63% Exp. -74.41% -2.81% Exp. -35.04% Exp. -30.79% -26.15% High/Ave/Median 
Future Dividend Yield Div Yield 2.89% earning in 5 Years at IRR of -11.40% Div Inc. -45.42% Future Dividend Yield
Future Dividend Yield Div Yield 1.58% earning in 10 Years at IRR of -11.40% Div Inc. -70.21% Future Dividend Yield
Future Dividend Yield Div Yield 0.86% earning in 15 Years at IRR of -11.40% Div Inc. -83.74% Future Dividend Yield
Future Dividend Paid Div Paid $0.38 earning in 5 Years at IRR of -11.40% Div Inc. -45.42% Future Dividend Paid
Future Dividend Paid Div Paid $0.21 earning in 10 Years at IRR of -11.40% Div Inc. -70.21% Future Dividend Paid
Future Dividend Paid Div Paid $0.11 earning in 15 Years at IRR of -11.40% Div Inc. -83.74% Future Dividend Paid
Dividend Covering Cost Total Div $2.75 over 5 Years at IRR of -11.40% Div Cov. 21.06% Dividend Covering Cost
Dividend Covering Cost Total Div $3.87 over 10 Years at IRR of -11.40% Div Cov. 29.66% Dividend Covering Cost
Dividend Covering Cost Total Div $4.48 over 15 Years at IRR of -11.40% Div Cov. 34.36% Dividend Covering Cost
Yield if held 5 years 13.28% 10.26% 15.29% 9.57% 8.98% 7.60% 6.73% 5.85% 3.92% 3.56% 3.24% 4.09% 6.58% 9.22% 9.67% 8.27% 6.22% <-Median-> 10 Paid Median Price
Yield if held 10 years 8.68% 7.35% 6.40% 7.83% 11.98% 13.28% 10.26% 15.29% 5.98% 4.49% 3.80% 3.37% 3.20% 3.59% 4.09% 3.72% 6.91% <-Median-> 10 Paid Median Price
Yield if held 15 years 10.86% 8.68% 7.35% 6.40% 4.89% 5.99% 6.64% 5.13% 8.34% 5.48% 5.16% 4.37% 6.64% <-Median-> 9 Paid Median Price
Yield if held 20 years 5.43% 4.34% 3.68% 3.49% 4.48% 6.89% 7.64% 4.01% <-Median-> 4 Paid Median Price
Yield if held 25 years 6.24% 4.99% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 66.41% 51.28% 76.43% 47.87% 44.89% 38.02% 33.66% 29.27% 29.01% 29.38% 23.48% 25.59% 32.21% 42.15% 45.30% 39.84% 30.79% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 101.36% 82.38% 68.49% 79.80% 119.76% 132.82% 102.56% 152.87% 92.14% 81.93% 65.59% 54.70% 44.90% 45.44% 48.56% 41.41% 87.04% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 192.74% 144.78% 119.13% 100.47% 116.00% 169.16% 180.96% 134.62% 193.69% 117.21% 106.12% 86.64% 144.78% <-Median-> 9 Paid Median Price
Cost covered if held 20 years 237.54% 176.25% 142.10% 117.55% 136.50% 201.42% 217.74% 159.18% <-Median-> 4 Paid Median Price
Cost covered if held 25 years 182.65% 142.35% #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $1,532.9 $1,379.6 $1,368.5 $1,813.4 $1,846.8 $1,787.0 $1,884 <-12 mths 5.41% 16.58% <-Total Growth 5 Revenue Growth  16.58%
AFFO Growth $1.78 $1.44 $1.57 $1.68 $1.49 $1.03 -$0.03 <-12 mths -103.01% -42.20% <-Total Growth 5 AFFO Growth -42.20%
Dis. Cash Growth $0.89 $0.64 $0.83 $1.98 $2.44 $1.80 $2.04 <-12 mths 13.24% 102.25% <-Total Growth 5 Dis. Cash Growth 102.25%
Net Income Growth -$99.7 -$167.5 -$235.2 $109.1 $249.3 $126.9 $129 <-12 mths 1.74% 227.35% <-Total Growth 5 Net Income Growth 227.35%
Cash Flow Growth $139.5 $262.0 $219.0 $369.2 $401.5 $347.8 $338 <-12 mths -2.75% 149.36% <-Total Growth 5 Cash Flow Growth 149.36%
Dividend Growth $1.20 $0.75 $0.60 $0.60 $0.60 $0.66 $0.69 <-12 mths 4.96% -45.42% <-Total Growth 5 Dividend Growth -45.42%
Stock Price Growth $11.03 $5.83 $7.40 $8.97 $8.52 $10.94 $13.05 <-12 mths 19.29% -0.82% <-Total Growth 5 Stock Price Growth -0.82%
Revenue Growth  $1,203.4 $1,364.9 $1,067.3 $1,469.1 $1,595.7 $1,532.9 $1,379.6 $1,368.5 $1,813.4 $1,846.8 $1,787.0 $1,927 <-this year 7.83% 48.50% <-Total Growth 10 Revenue Growth  48.50%
AFFO Growth $2.83 $2.73 $2.09 $2.13 $1.29 $1.78 $1.44 $1.57 $1.68 $1.49 $1.03 -$0.03 <-this year -103.01% -63.65% <-Total Growth 10 AFFO Growth -63.65%
Dis. Cash Growth $2.10 $1.97 $1.44 $1.37 $0.45 $0.89 $0.64 $0.83 $1.98 $2.44 $1.80 $2.04 <-this year 13.24% -14.29% <-Total Growth 10 Dis. Cash Growth -14.29%
Net Income Growth $21.0 -$47.6 -$12.7 $147.4 -$131.5 -$99.7 -$167.5 -$235.2 $109.1 $249.3 $126.9 $142 <-this year 11.81% 503.46% <-Total Growth 10 Net Income Growth 503.46%
Cash Flow Growth $104.3 $162.0 $153.0 $151.3 $244.5 $139.5 $262.0 $219.0 $369.2 $401.5 $347.8 $285 <-this year -18.19% 233.47% <-Total Growth 10 Cash Flow Growth 233.47%
Dividend Growth $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $0.66 $0.69 <-this year 5.34% -45.42% <-Total Growth 10 Dividend Growth -45.42%
Stock Price Growth $20.70 $17.86 $18.94 $19.40 $10.48 $11.03 $5.83 $7.40 $8.97 $8.52 $10.94 $13.05 <-this year 19.29% -47.15% <-Total Growth 10 Stock Price Growth -47.15%
Dividends on Shares $58.80 $58.80 $58.80 $58.80 $58.80 $36.75 $29.40 $29.40 $29.40 $32.10 $33.69 $33.81 $33.81 $451.05 No of Years 10 Total Dividends 12/31/14
Paid  $1,014.30 $875.14 $928.06 $950.60 $513.52 $540.47 $285.67 $362.60 $439.53 $417.48 $536.06 $639.45 $639.45 $759.50 $536.06 No of Years 10 Worth $20.70
Total $987.11 Total Return
Graham No. DC $18.96 $17.36 $23.94 $23.77 $18.98 $19.55 $10.54 $12.82 $9.68 $8.25 $14.78 $18.21 $16.69 $17.17 -30.28% <-Total Growth 10 Graham Price DC
Price/GP Ratio Med 0.83 1.03 0.86 0.80 0.89 0.95 1.39 0.78 0.77 0.86 0.56 0.47 0.59 0.61 0.79 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.90 1.14 0.93 0.93 1.00 1.02 1.82 0.92 1.18 1.03 0.66 0.55 0.72 0.71 0.96 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.76 0.91 0.79 0.68 0.77 0.87 0.96 0.63 0.36 0.70 0.47 0.39 0.47 0.51 0.66 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.86 1.13 0.86 0.75 1.00 0.99 0.99 0.86 0.60 0.90 0.61 0.47 0.66 0.76 0.81 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -13.90% 12.61% -13.52% -24.88% -0.21% -0.79% -0.61% -13.94% -39.75% -10.30% -39.29% -53.22% -34.44% -24.00% -19.41% <-Median-> 10 Graham Price
Graham No. EPS $12.77 $4.65 $9.77 $10.02 $9.36 $20.66 $19.44 $16.80 $14.96 $9.01 $10.45 $14.37 $12.68 $12.03 $14.20 $14.78 29.81% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 1.24 3.83 2.10 1.91 1.80 0.90 0.75 0.59 0.50 0.79 0.80 0.60 0.78 0.87 0.79 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.34 4.26 2.27 2.20 2.03 0.97 0.99 0.70 0.76 0.94 0.94 0.70 0.95 1.02 0.94 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.13 3.40 1.93 1.62 1.57 0.83 0.52 0.48 0.24 0.64 0.66 0.50 0.61 0.72 0.63 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.28 4.20 2.12 1.78 2.02 0.94 0.54 0.66 0.39 0.82 0.86 0.59 0.86 1.09 0.92 1.05 0.84 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 27.76% 320.19% 111.83% 78.22% 102.42% -6.12% -46.10% -34.36% -61.03% -17.87% -14.15% -40.73% -13.76% 8.52% -8.07% 4.88% -16.01% <-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 23.00 <Count Years> Month, Year
Price Close $16.32 $19.55 $20.70 $17.86 $18.94 $19.40 $10.48 $11.03 $5.83 $7.40 $8.97 $8.52 $10.94 $13.05 $13.05 $15.50 -47.15% <-Total Growth 10 Stock Price
Increase 9.90% 19.79% 5.88% -13.72% 6.05% 2.43% -45.98% 5.25% -47.14% 26.93% 21.22% -5.02% 28.40% 19.29% 0.00% 18.77% -5.27 <-Median-> 10 CAPE (10 Yr P/E)
P/E 17.36 150.38 59.14 -25.88 -105.22 12.68 -7.38 -10.21 -3.22 -3.20 9.06 5.61 10.52 13.05 9.37 10.26 -0.16% <-IRR #YR-> 5 Stock Price -0.82%
Trailing P/E 11.03 20.80 159.23 51.03 -27.45 -107.78 6.85 -7.77 -5.40 -4.09 -3.88 8.61 7.20 12.55 13.05 11.13 -6.18% <-IRR #YR-> 10 Stock Price -47.15%
CAPE (10 Yr P/E) 14.60 15.97 16.74 20.68 23.27 21.86 34.22 74.67 -206.61 -32.49 -31.22 -41.65 -49.53 -159.04 127.44 125.82 5.69% <-IRR #YR-> 5 Price & Dividend 28.24%
Median 10, 5 Yrs D.  per yr 5.82% 5.85% % Tot Ret 0.00% 102.88% T P/E -3.21 5.61 P/E:  0.04 0.21 -0.36% <-IRR #YR-> 10 Price & Dividend -2.68%
Price  15 D.  per yr 9.95% % Tot Ret 100.43% CAPE Diff -347.69% -0.04% <-IRR #YR-> 15 Stock Price -0.64%
Price  20 D.  per yr 7.24% % Tot Ret 172.46% -3.04% <-IRR #YR-> 20 Stock Price -46.11%
Price  25 D.  per yr 13.12% % Tot Ret 102.42% -0.31% <-IRR #YR-> 23 Stock Price
Price & Dividend 15 9.90% <-IRR #YR-> 15 Price & Dividend 137.47%
Price & Dividend 20 4.20% <-IRR #YR-> 20 Price & Dividend 0.6252709
Price & Dividend 25 12.81% <-IRR #YR-> 23 Price & Dividend
Price  5 -$11.03 $0.00 $0.00 $0.00 $0.00 $10.94 Price  5
Price 10 -$20.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.94 Price 10
Price & Dividend 5 -$11.03 $0.75 $0.60 $0.60 $0.60 $11.60 Price & Dividend 5
Price & Dividend 10 -$20.70 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $11.60 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 $10.94 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 $10.94 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 $10.94 Price  25
Price & Dividend 15 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $11.60 Price & Dividend 15
Price & Dividend 20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $11.60 Price & Dividend 20
Price & Dividend 25 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $11.60 Price & Dividend 25
Price H/L Median $15.78 $17.83 $20.50 $19.13 $16.85 $18.53 $14.66 $9.95 $7.46 $7.14 $8.34 $8.63 $9.92 $10.47 18.77% -51.61% <-Total Growth 10 Stock Price
Increase 18.07% 12.96% 15.01% -6.68% -11.92% 9.97% -20.91% -32.11% -25.08% -4.29% 16.89% 3.42% 15.01% 5.54% 5.29% -7.00% <-IRR #YR-> 10 Stock Price -51.61%
P/E 16.79 137.12 58.57 -27.72 -93.61 12.11 -10.32 -9.21 -4.12 -3.09 8.42 5.67 9.54 10.47 24.06% -0.06% <-IRR #YR-> 5 Stock Price -0.30%
Trailing P/E 10.66 18.96 157.69 54.66 -24.42 -102.94 9.58 -7.01 -6.90 -3.94 -3.61 8.71 6.53 10.07 -0.92% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 12.54 17.11 25.37 43.28 153.18 81.27 -178.72 -27.04 -12.59 -7.01 -7.41 -16.03 -87.02 23.37 6.41% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 17.49 21.37 25.69 28.09 25.84 24.94 30.53 45.23 -99.40 -15.72 -18.57 -27.82 -41.16 -145.36 10.31 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 6.08% 6.47% % Tot Ret -660.60% 100.94% T P/E -3.78 -3.61 P/E:  -3.60 5.67 Count 23 Years of data
-$20.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.92
-$9.95 $0.00 $0.00 $0.00 $0.00 $9.92
-$20.50 $1.20 $1.20 $1.20 $1.20 $1.20 $0.75 $0.60 $0.60 $0.60 $10.58
-$9.95 $0.75 $0.60 $0.60 $0.60 $10.58
High Months Feb Dec Aug Apr Dec Sep Jan Feb Jan May Dec Jan Dec Aug
Price High $17.08 $19.82 $22.15 $22.03 $19.00 $19.95 $19.24 $11.80 $11.39 $8.46 $9.80 $10.10 $12.04 $12.24 -45.64% <-Total Growth 10 Stock Price
Increase 8.24% 16.04% 11.76% -0.54% -13.75% 5.00% -3.56% -38.67% -3.47% -25.72% 15.84% 3.06% 19.21% 1.66% -5.91% <-IRR #YR-> 10 Stock Price -45.64%
P/E 18.17 152.46 63.29 -31.93 -105.56 13.04 -13.55 -10.93 -6.29 -3.66 9.90 6.64 11.58 12.24 0.40% <-IRR #YR-> 5 Stock Price 2.03%
Trailing P/E 11.54 21.09 170.38 62.94 -27.54 -110.83 12.58 -8.31 -10.55 -4.67 -4.24 10.20 7.92 11.77 12.30 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E -4.46 -4.24 P/E:  -4.98 6.64 28.59 P/E Ratio Historical High
-$22.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.04
-$11.80 $0.00 $0.00 $0.00 $0.00 $12.04
Low Months Jun Nov Oct Dec Jan Aug Dec May Mar Jan Oct May Mar Apr
Price Low $14.48 $15.83 $18.85 $16.23 $14.70 $17.11 $10.07 $8.10 $3.52 $5.81 $6.88 $7.15 $7.80 $8.70 -58.62% <-Total Growth 10 Stock Price
Increase 32.24% 9.32% 19.08% -13.90% -9.43% 16.39% -41.15% -19.56% -56.54% 65.06% 18.42% 3.92% 9.09% 11.54% -8.45% <-IRR #YR-> 10 Stock Price -58.62%
P/E 15.40 121.77 53.86 -23.52 -81.67 11.18 -7.09 -7.50 -1.94 -2.52 6.95 4.70 7.50 8.70 -0.75% <-IRR #YR-> 5 Stock Price -3.70%
Trailing P/E 9.78 16.84 145.00 46.37 -21.30 -95.06 6.58 -5.70 -3.26 -3.21 -2.98 7.22 5.13 8.37 8.11 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E -3.09 -2.98 P/E:  -2.23 4.70 -2.52 P/E Ratio Historical Low
-$18.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.80
Free Cash Flow  Mkt Sc $184.9 $132.9 $253.8 $235.1 $162.0 $173.0 $170.0 $194.0
Change -28.12% 90.97% -7.37% -31.09% 6.79% -1.73% 14.12%
Free Cash Flow  WSJ $97.92 $96.215 $76.354 $152.098 $43.178 $184.866 $132.898 $253.751 $235.068 $158.162 $173 $170 $194 61.52% <-Total Growth 9 Free Cash Flow WSJ
Change -1.74% -20.64% 99.20% -71.61% 328.15% -28.11% 90.94% -7.36% -32.72% 9.38% -1.73% 14.12% -7.36% <-Median-> 9 Change
$70 <-12 mths -63.04%
Free Cash Flow  MS old $97.92 $96.22 $76.35 $152.10 $43.18 $185 $133 $254 $240 Free Cash Flow  MS old
Change -1.74% -20.65% 99.21% -71.61% 328.44% -28.11% 90.98% -5.51% Change
Free Cash Flow  MS $65.13 $57.76 $51.52 $110.00 $100.00 $100.00 $20.00 $130.00 $110 $120 $250 $240 $190 $173 $170 $194 268.79% <-Total Growth 10 Free Cash Flow
Change 49.52% -11.32% -10.80% 113.51% -9.09% 0.00% -80.00% 550.00% -15.38% 9.09% 108.33% -4.00% -20.83% -8.95% -1.73% 14.12% 7.89% <-IRR #YR-> 5 Free Cash Flow MS 46.15%
FCF/CF from Op Ratio 160.95 -12882.23 -125.24 203.87 -1761.72 -382.68 32.48 -302.69 126.92 -475.23 480.36 3271.13 -1284.16 -1256.35 3894.55 #DIV/0! 13.94% <-IRR #YR-> 10 Free Cash Flow MS 268.79%
Dividends paid $50.00 $50.09 $71.39 $82.91 $82.91 $104.09 $111.12 $111.12 $66.67 $51.94 $54.75 $58.03 $58.03 $77.62 $77.91 $77.91 -18.72% <-Total Growth 10 Dividends paid
Percentage paid 75.37% 82.91% 104.09% 555.58% 85.47% 60.61% 43.29% 21.90% 24.18% 30.54% 44.87% 45.83% 40.16% 67.99% <-Median-> 10 Percentage paid
5 Year Coverage 106.99% 103.46% 92.70% 62.79% 40.30% 31.81% 30.87% 31.90% 36.14% 5 Year Coverage
Dividend Coverage Ratio 1.33 1.21 0.96 0.18 1.17 1.65 2.31 4.57 4.14 3.27 2.23 2.18 2.49 1.49 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 0.93 0.97 1.08 1.59 2.48 3.14 3.24 3.13 2.77 5 Year of Coverage
Market Cap $680 $815 $1,417 $1,234 $1,310 $1,796 $970 $1,021 $543 $771 $1,036 $997 $1,302 $1,473 $1,473 $1,750 -8.14% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 41.66 41.67 60.36 68.87 69.10 88.16 92.60 92.60 92.69 101.73 147.41 157.95 153.74 116.14 154.70% <-Total Growth 10 Diluted
Change -1.43% 0.01% 44.86% 14.10% 0.32% 27.58% 5.04% 0.00% 0.10% 9.76% 44.90% 7.15% -2.67% -24.45% 6.09% <-Median-> 10 Change
Difference Diluted/Basic 0.00% 0.00% 0.00% 0.00% 0.00% 19.46% 0.00% 0.00% 0.00% 0.00% -26.43% -26.42% -22.97% -0.73% Difference Diluted/Basic
Debentures included from Diluted 38.96 41.15 35.31 Debentures excluded from Diluted
Basic # of Shares in Millions 41.66 41.67 60.36 68.87 69.10 105.31 92.60 92.60 92.69 101.73 108.45 116.21 118.42 115.29 96.19% <-Total Growth 10 Basic
Change 14.39% 0.01% 44.86% 14.10% 0.32% 52.42% -12.08% 0.00% 0.10% 9.76% 6.60% 7.16% 1.90% -2.64% 4.25% <-Median-> 10 Change
Difference Basic/Outstanding 0.00% 0.01% 13.44% 0.28% 0.11% -12.08% 0.00% 0.00% 0.52% 2.45% 6.54% 0.72% 0.50% -2.07% 0.39% <-Median-> 10 Difference Basic/Outstanding
$338.24 <-12 mths -2.75%
# of Share in Millions 41.665 41.674 68.471 69.069 69.173 92.596 92.596 92.601 93.169 104.223 115.537 117.048 119.011 112.906 112.906 112.906 5.68% <-IRR #YR-> 10 Shares 73.81%
Change 0.00% 0.02% 64.30% 0.87% 0.15% 33.86% 0.00% 0.01% 0.61% 11.86% 10.86% 1.31% 1.68% -5.13% 0.00% 0.00% 5.15% <-IRR #YR-> 5 Shares 28.52%
Cash Flow from Operations $M $108.3 $107.8 $104.3 $162.0 $153.0 $151.3 $244.5 $139.5 $262.0 $219.0 $369.2 $401.5 $347.8 $284.5 $296.9 233.47% <-Total Growth 10 Cash Flow
Increase 40.47% -0.43% -3.29% 55.30% -5.53% -1.12% 61.58% -42.95% 87.81% -16.38% 68.55% 8.74% -13.37% -18.19% 4.37% Deb. Conv Buy Backs S. Issues
5 year Running Average $87.0 $79.0 $91.6 $111.9 $127.1 $135.7 $163.0 $170.0 $190.0 $203.2 $246.8 $278.2 $319.9 $324.4 $340.0 249.17% <-Total Growth 10 CF 5 Yr Running
CFPS $2.60 $2.59 $1.52 $2.35 $2.21 $1.63 $2.64 $1.51 $2.81 $2.10 $3.20 $3.43 $2.92 $2.52 $2.63 91.86% <-Total Growth 10 Cash Flow per Share
Increase 40.47% -0.45% -41.14% 53.96% -5.68% -26.13% 61.58% -42.95% 86.67% -25.25% 52.04% 7.34% -14.80% -13.77% 4.37% 12.80% <-IRR #YR-> 10 Cash Flow 233.47%
5 year Running Average $2.49 $2.07 $2.11 $2.18 $2.25 $2.06 $2.07 $2.07 $2.16 $2.14 $2.45 $2.61 $2.89 $2.83 $2.94 20.05% <-IRR #YR-> 5 Cash Flow 149.36%
P/CF on Med Price 6.07 6.89 13.46 8.16 7.62 11.34 5.55 6.61 2.65 3.39 2.61 2.51 3.39 4.15 0.07 6.73% <-IRR #YR-> 10 Cash Flow per Share 91.86%
P/CF on Closing Price 6.28 7.55 13.59 7.62 8.56 11.87 3.97 7.32 2.07 3.52 2.81 2.48 3.74 5.18 4.96 14.18% <-IRR #YR-> 5 Cash Flow per Share 94.02%
15.78% Diff M/C 3.22% <-IRR #YR-> 10 CFPS 5 yr Running 37.28%
$503.78 <-12 mths 7.01%
Excl.Working Capital CF $33.4 $22.2 $116.7 $75.0 $48.7 $101.3 -$48.2 $156.1 $3.3 $61.1 $61.7 $101.2 $123.0 $0.0 $0.0 6.94% <-IRR #YR-> 5 CFPS 5 yr Running 39.89%
CF fr Op $M WC $141.7 $130.0 $221.0 $237.0 $201.7 $252.6 $196.2 $295.6 $265.3 $280.1 $430.9 $502.6 $470.8 $284.5 $296.9 113.06% <-Total Growth 10 Cash Flow less WC
Increase 38.80% -8.23% 69.93% 7.24% -14.87% 25.23% -22.32% 50.65% -10.26% 5.61% 53.80% 16.66% -6.34% -39.56% 4.37% 7.86% <-IRR #YR-> 10 Cash Flow less WC 113.06%
5 year Running Average $93.94 $100.13 $130.60 $166.35 $186.27 $208.46 $221.69 $236.62 $242.28 $257.97 $293.62 $354.90 $389.94 $393.79 $397.15 9.75% <-IRR #YR-> 5 Cash Flow less WC 59.26%
CFPS Excl. WC $3.40 $3.12 $3.23 $3.43 $2.92 $2.73 $2.12 $3.19 $2.85 $2.69 $3.73 $4.29 $3.96 $2.52 $2.63 11.56% <-IRR #YR-> 10 CF less WC 5 Yr Run 198.57%
Increase 38.80% -8.25% 3.43% 6.31% -15.00% -6.45% -22.32% 50.64% -10.81% -5.59% 38.74% 15.15% -7.88% -36.30% 4.37% 10.51% <-IRR #YR-> 5 CF less WC 5 Yr Run 64.80%
5 year Running Average $2.62 $2.62 $2.82 $3.13 $3.22 $3.08 $2.88 $2.88 $2.76 $2.71 $2.92 $3.35 $3.50 $3.44 $3.43 2.06% <-IRR #YR-> 10 CFPS - Less WC 22.58%
P/CF on Med Price 4.64 5.71 6.35 5.58 5.78 6.79 6.92 3.12 2.62 2.65 2.24 2.01 2.51 4.15 0.07 4.38% <-IRR #YR-> 5 CFPS - Less WC 23.92%
P/CF on Closing Price 4.80 6.27 6.41 5.21 6.50 7.11 4.95 3.46 2.05 2.75 2.41 1.98 2.77 5.18 4.96 2.19% <-IRR #YR-> 10 CFPS 5 yr Running 24.24%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.47 5 yr  2.65 P/CF Med 10 yr 2.89 5 yr  2.51 79.46% Diff M/C 4.01% <-IRR #YR-> 5 CFPS 5 yr Running 21.75%
-$1.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.92 Cash Flow per Share
-$1.51 $0.00 $0.00 $0.00 $0.00 $2.92 Cash Flow per Share
-$2.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.89 CFPS 5 yr Running
-$2.07 $0.00 $0.00 $0.00 $0.00 $2.89 CFPS 5 yr Running
-$221.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $470.8 Cash Flow less WC
-$295.6 $0.0 $0.0 $0.0 $0.0 $470.8 Cash Flow less WC
-$130.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $389.9 CF less WC 5 Yr Run
-$236.6 $0.0 $0.0 $0.0 $0.0 $389.9 CF less WC 5 Yr Run
-$3.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.96 CFPS - Less WC
-$3.19 $0.00 $0.00 $0.00 $0.00 $3.96 CFPS - Less WC
-$2.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.50 CFPS 5 yr Running
-$2.88 $0.00 $0.00 $0.00 $0.00 $3.50 CFPS 5 yr Running
OPM 11.78% 12.90% 8.67% 11.87% 14.34% 10.30% 15.32% 9.10% 18.99% 16.01% 20.36% 21.74% 19.46% 14.77% 124.56% <-Total Growth 10 OPM
Increase 34.54% 9.49% -32.81% 36.93% 20.81% -28.17% 48.76% -40.60% 108.67% -15.70% 27.20% 6.78% -10.47% -24.14% Should increase  or be stable.
Diff from Median -24.8% -17.6% -44.7% -24.2% -8.5% -34.2% -2.2% -41.9% 21.2% 2.2% 30.0% 38.8% 24.3% -5.7% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 15.66% 5 Yrs 19.46% should be  zero, it is a   check on calculations
$250 <-12 mths -11.49%
EBIT $11.4 $40.8 $213.9 $285.1 $282.2 $253.2 $297.4 $301.0 EBIT
Change 258.80% 424.78% 33.29% -1.02% -10.28% 17.46% 1.21% Change
Margin 0.74% 2.95% 15.63% 15.72% 15.28% 14.17% 15.43% 14.46% Margin
$504 <-12 mths 7.01%
Adjusted EBITDA $221.2 $21.1 $61.5 $220.9 $200.5 $283.2 $196.2 $295.6 $265.3 $280.4 $430.9 $502.6 $470.8 $491.3 $510.5 $531.9 665.86% <-Total Growth 10 Adjusted EBITDA Earnings before Interest, Taxes
Change 70.35% -90.46% 191.25% 259.43% -9.25% 41.23% -30.71% 50.65% -10.26% 5.70% 53.67% 16.66% -6.34% 4.36% 3.91% 4.19% 11.18% <-Median-> 10 Change Depreciation and Amortization
Per Unit $5.31 $0.51 $1.02 $3.21 $2.90 $3.21 $2.12 $3.19 $2.86 $2.76 $2.92 $3.18 $3.06 $4.23 #DIV/0! #DIV/0! 200.69% <-Total Growth 10 Per Unit
EBITDA Margin 25.12% 2.30% 7.35% 18.36% 14.69% 26.53% 13.36% 18.52% 17.31% 20.32% 31.49% 27.72% 25.49% 27.49% 26.49% 25.56% 0.19 <-Median-> 10 EBITDA Margin
Long Term Debt $773.0 $859.0 $811.6 $1,282.8 $1,184.2 $1,278.6 $1,222.8 $899.8 $903.2 $684.1 $336.3 $470.1 Debt Type
Change 11.13% -5.51% 58.06% -7.69% 7.97% -4.36% -26.41% 0.38% -24.27% -50.85% 39.81% -4.94% <-Median-> 10 Change Lg Term R
Debt/Market Cap Ratio 0.55 0.70 0.62 0.71 1.22 1.25 2.25 1.17 0.87 0.69 0.26 0.32 0.79 <-Median-> 10 % of Market C. Intang/GW
Assets/Current Liabilities Ratio 8.69 9.48 8.17 11.64 6.38 7.50 8.47 4.68 5.52 5.15 2.86 3.04 6.94 <-Median-> 10 Assets/Current Liab Ratio Liquidity
Debt to Cash Flow (Years) 7.41 5.30 5.30 8.48 4.84 9.17 4.67 4.11 2.45 1.70 0.97 1.65 4.76 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $202.4 $172.6 $353.7 $290.4 $283.3 $479.3 $418.8 $312.7 $247.3 $148.7 $109.3 $70.7 $47.7 -641.66% <-Total Growth 10 Intangibles Leverage
Goodwill $188.7 $193.7 $794.0 $847.1 $786.3 $789.3 $748.8 $558.5 $500.8 $455.9 $477.2 $468.0 $494.3 -60.64% <-Total Growth 10 Goodwill D/E Ratio
Total $391.1 $366.3 $1,147.7 $1,137.6 $1,069.6 $1,268.6 $1,167.6 $871.2 $748.1 $604.6 $586.5 $538.6 $542.0 $554.3 111.77% <-Total Growth 10 Total
Amount of Change $34.4 $24.8 -$781.4 $10.1 $68.0 -$199.0 $101.0 $296.4 $123.1 $143.5 $18.1 $47.8 -$3.3 -$12.3 $57.9 <-Median-> 10 Amount of Change
Change -8.09% -6.35% 213.35% -0.88% -5.98% 18.61% -7.96% -25.39% -14.13% -19.18% -3.00% -8.16% 0.62% 2.28% -6.97% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.58 0.45 0.81 0.92 0.82 0.71 1.20 0.85 1.38 0.78 0.57 0.54 0.42 0.38 0.80 <-Median-> 10 % of Market C.
Current Assets $152.30 $146.27 $242.77 $267.79 $275.38 $352.16 $367.83 $500.37 $423.02 $230.97 $360.87 $326.02 $334.70 $367.97 37.87% <-Total Growth 10 Current Assets
Current Liabilities $165.43 $149.70 $257.02 $254.61 $264.68 $256.29 $450.75 $370.42 $295.06 $437.86 $390.64 $409.82 $798.00 $733.17 210.49% <-Total Growth 10 Current Liabilities
Liquidity Ratio 0.92 0.98 0.94 1.05 1.04 1.37 0.82 1.35 1.43 0.53 0.92 0.80 0.42 0.50 0.98 <-Median-> 10 Ratio
Liq. with CF aft div 1.27 1.36 1.03 1.36 1.30 1.53 1.11 1.43 2.08 0.88 1.69 1.60 0.76 0.78 1.60 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.02 1.01 0.24 1.00 1.09 0.70 0.93 1.14 1.66 0.88 1.32 1.24 0.61 0.78 1.24 <-Median-> 5 Ratio
Curr Long Term Db $2.731 $2.937 $3.159 $3.159 $3.159 $3.93 $0.00 $0.00 $0.00 $143.89 $0.00 $0.00 $0.00 $371.12
Liquidity Less CLTD 0.94 1.00 0.96 1.07 1.05 1.40 0.82 1.35 1.43 0.79 0.92 0.80 0.42 1.02 0.80 <-Median-> 5 Ratio
Liq. with CF aft div 1.29 1.39 1.04 1.38 1.32 1.55 1.11 1.43 2.08 1.32 1.69 1.60 0.76 1.59 1.60 <-Median-> 5 Ratio
Assets $973.59 $950.69 $2,234.06 $2,413.2 $2,162.1 $2,983.3 $2,877.1 $2,779.1 $2,500.3 $2,049.0 $2,157.1 $2,109.2 $2,284.4 $2,228.4 2.25% <-Total Growth 10 Assets
Liabilities $652.16 $642.27 $1,403.82 $1,532.5 $1,393.0 $1,834.7 $1,860.4 $2,019.5 $1,894.5 $1,669.1 $1,590.9 $1,402.1 $1,466.1 $1,502.5 4.43% <-Total Growth 10 Liabilities
Debt Ratio 1.49 1.48 1.59 1.57 1.55 1.63 1.55 1.38 1.32 1.23 1.36 1.50 1.56 1.48 1.53 <-Median-> 10 Ratio
Estimates BVPS $6.43 $6.96 $8.04 Estimates Estimates BVPS
Estimate Book Value $725.5 $785.7 $907.8 Estimates Estimate Book Value
P/B Ratio (Close) 2.03 1.88 1.93 Estimates P/B Ratio (Close)
Difference from 10 year median 38.32% Diff M/C Estimates Difference from 10 yr med.
Total Book Value $321.43 $308.42 $830.23 $880.77 $769.06 $1,148.65 $1,016.71 $759.58 $605.82 $379.85 $566.21 $707.14 $818.36 $725.88 $725.88 $725.88 -1.43% <-Total Growth 10 Book Value
Conv. Deb. $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 now shown as a liability
Book Value $321.43 $308.42 $830.23 $880.77 $769.06 $1,148.65 $1,016.71 $759.58 $605.82 $379.85 $566.21 $707.14 $818.36 $725.88 $725.88 $725.88 -1.43% <-Total Growth 10 Book Value
Book Value per Share $7.71 $7.40 $12.13 $12.75 $11.12 $12.40 $10.98 $8.20 $6.50 $3.64 $4.90 $6.04 $6.88 $6.43 $6.43 $6.43 -43.29% <-Total Growth 10 Book Value per Share
Change -6.08% -4.07% 63.84% 5.17% -12.81% 11.58% -11.49% -25.30% -20.73% -43.95% 34.46% 23.28% 13.82% -6.50% 0.00% 0.00% 38.25% P/B Ratio Current/10 Year Median
P/B (High) 2.21 2.68 1.83 1.73 1.71 1.61 1.75 1.44 1.75 2.32 2.00 1.67 1.75 1.90 1.74 <-Median-> 10 P/BV (High)
P/B (Low) 1.88 2.14 1.55 1.27 1.32 1.38 0.92 0.99 0.54 1.59 1.40 1.18 1.13 1.35 1.23 <-Median-> 10 P/BV (Low)
P/B Ratio (Median) 2.05 2.41 1.69 1.50 1.52 1.49 1.33 1.21 1.15 1.96 1.70 1.43 1.44 1.63 1.51 P/B Ratio Historical Median
P/B Ratio (Close) 2.12 2.64 1.71 1.40 1.70 1.56 0.95 1.34 0.90 2.03 1.83 1.41 1.59 2.03 2.03 2.41 -5.51% <-IRR #YR-> 10 Book Value per Share -43.29%
Change 17.02% 24.87% -35.37% -17.96% 21.63% -8.20% -38.97% 40.89% -33.32% 126.46% -9.85% -22.95% 12.81% 12.89% -3.47% <-IRR #YR-> 5 Book Value per Share -16.17%
Leverage (A/BK) 3.03 3.08 2.69 2.74 2.81 2.60 2.83 3.66 4.13 5.39 3.81 2.98 2.79 3.07 3.81 <-Median-> 5 A/BV
Debt/Equity Ratio  2.03 2.08 1.69 1.74 1.81 1.60 1.83 2.66 3.13 4.39 2.81 1.98 1.79 2.07 1.91 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.47 5 yr Med 1.44 38.25% Diff M/C 2.77 Historical A/BV
-$12.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.88
-$8.20 $0.00 $0.00 $0.00 $0.00 $6.88
$127.05 <-12 mths -33.74%
Comprehensive Income $29.17 $36.73 $81.05 $120.62 -$30.61 $72.78 -$20.82 -$146.14 -$91.68 -$241.05 $158.02 $198.35 $191.74 $127.05 <-12 mths 136.57% <-Total Growth 10 Comprehensive Income
Increase -55.16% 25.90% 120.68% 48.83% -125.38% 337.76% -128.61% -601.80% 37.27% -162.94% 165.55% 25.52% -3.33% -33.74% <-12 mths 25.52% <-Median-> 5 Comprehensive Income
5 Yr Running Average $36.95 $44.89 $48.00 $66.52 $47.39 $56.11 $44.60 -$0.84 -$43.30 -$85.38 -$68.34 -$24.50 $43.07 $86.82 <-12 mths 8.99% <-IRR #YR-> 10 Comprehensive Income 58.96%
ROE 9.1% 11.9% 9.8% 13.7% -4.0% 6.3% -2.0% -19.2% -15.1% -63.5% 27.9% 28.0% 23.4% 17.5% <-12 mths #NUM! <-IRR #YR-> 5 Comprehensive Income 231.20%
5Yr Median 13.9% 13.9% 11.9% 11.9% 9.8% 9.8% 6.3% -2.0% -4.0% -15.1% -15.1% -15.1% 23.4% 23.4% <-12 mths -1.08% <-IRR #YR-> 10 5 Yr Running Average -10.26%
% Difference from NI -25.3% 572.4% 285.4% -353.5% 141.8% -50.6% -84.2% 46.6% -45.3% 2.5% 44.8% -20.4% 51.1% -10.5% <-12 mths #NUM! <-IRR #YR-> 5 5 Yr Running Average 5254.86%
Median Values Diff 5, 10 yr -9.0% 2.5% 23.4% <-Median-> 5 Return on Equity
-$81.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $191.7
$146.1 $0.0 $0.0 $0.0 $0.0 $191.7
-$48.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $43.1
$0.8 $0.0 $0.0 $0.0 $0.0 $43.1
Current Liability Coverage Ratio 0.86 0.87 0.86 0.93 0.76 0.99 0.44 0.80 0.90 0.64 1.10 1.23 0.59 0.39   CFO / Current Liabilities
5 year Median 0.56 0.75 0.86 0.86 0.86 0.87 0.86 0.80 0.80 0.80 0.80 0.90 0.90 0.64 0.90 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 14.55% 13.68% 9.89% 9.82% 9.33% 8.47% 6.82% 10.64% 10.61% 13.67% 19.97% 23.83% 20.61% 12.77% CFO / Total Assets
5 year Median 13.85% 13.68% 11.98% 9.89% 9.89% 9.82% 9.33% 9.33% 9.33% 10.61% 10.64% 13.67% 19.97% 19.97% 20.0% <-Median-> 5 Return on Assets 
Return on Assets ROA 4.01% 0.57% 0.94% -1.97% -0.59% 4.94% -4.57% -3.59% -6.70% -11.48% 5.06% 11.82% 5.56% 6.37% Net  Income/Assets Return on Assets
5Yr Median 6.16% 5.60% 4.01% 0.94% 0.57% 0.57% -0.59% -1.97% -3.59% -4.57% -4.57% -3.59% 5.06% 5.56% -1.3% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 12.14% 1.77% 2.53% -5.40% -1.65% 12.83% -12.94% -13.12% -27.65% -61.92% 19.27% 35.26% 15.51% 19.55% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 17.61% 17.32% 12.14% 2.53% 1.77% 1.77% -1.65% -5.40% -12.94% -13.12% -13.12% -13.12% 15.51% 19.27% -3.5% <-Median-> 10 Return on Equity
$129.12 <-12 mths 1.74%
Net Income $39.03 $5.46 $21.03 -$47.59 -$12.7 $147.4 -$131.5 -$99.7 -$167.5 -$235.2 $109.1 $249.3 $126.9 $141.90 $166.10 $176.10 503.46% <-Total Growth 10 Net Income
Increase -35.26% -86.00% 285.02% -326.30% 73.40% 1264.16% -189.25% 24.23% -68.06% -40.44% 146.39% 128.49% -49.10% 11.81% 17.05% 6.02% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $44.3 $37.3 $32.1 $15.6 $1.1 $22.7 -$4.7 -$28.8 -$52.8 -$97.3 -$104.9 -$28.8 $16.5 $78.4 $158.7 $172.1 19.69% <-IRR #YR-> 10 Net Income 503.46%
Operating Cash Flow $108.31 $107.84 $104.30 $161.97 $153.01 $151.30 $244.46 $139.48 $261.95 $219.04 $369.19 $401.46 $347.80 #NUM! <-IRR #YR-> 5 Net Income 227.35%
Investment Cash Flow -$41.72 -$52.35 -$826.57 -$92.80 -$51.37 -$305.53 -$89.38 -$93.97 -$74.79 $96.53 -$108.88 -$118.46 -$185.80 -6.44% <-IRR #YR-> 10 5 Yr Running Average -48.58%
Total Accruals -$27.56 -$50.04 $743.30 -$116.77 -$114.30 $301.60 -$286.60 -$145.16 -$354.64 -$550.78 -$151.20 -$33.69 -$35.09 #NUM! <-IRR #YR-> 5 5 Yr Running Average 157.38%
Total Assets $973.59 $950.69 $2,234.06 $2,413.25 $2,162.07 $2,983.33 $2,877.09 $2,779.07 $2,500.33 $2,048.97 $2,157.07 $2,109.23 $2,284.41 Balance Sheet Assets
Accruals Ratio -2.83% -5.26% 33.27% -4.84% -5.29% 10.11% -9.96% -5.22% -14.18% -26.88% -7.01% -1.60% -1.54% -7.01% <-Median-> 5 Ratio
EPS/CF Ratio 0.28 0.04 0.11 -0.20 -0.06 0.56 -0.67 -0.34 -0.64 -0.86 0.27 0.35 0.26 -0.13 <-Median-> 10 EPS/CF Ratio
-$21.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $126.9
$99.7 $0.0 $0.0 $0.0 $0.0 $126.9
-$32.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $16.5
$28.8 $0.0 $0.0 $0.0 $0.0 $16.5
Chge in Close 9.90% 19.79% 5.88% -13.72% 6.05% 2.43% -45.98% 5.25% -47.14% 26.93% 21.22% -5.02% 28.40% 19.29% 0.00% 18.77% Count 25 Years of data
up/down/neutral Down Down Up Up Down Up Up Up Up Up Count 18 72.00%
Any Predictions? Yes Yes Yes Yes Yes Yes % right Count 10 55.56%
Financial Cash Flow -$123.85 -$52.28 $723.54 -$73.06 -$94.82 $150.29 -$152.53 -$45.00 -$187.86 -$314.12 -$203.00 -$333.53 -$159.30 C F Statement  Financial Cash Flow
Total Accruals $96.29 $2.25 $19.76 -$43.70 -$19.48 $151.30 -$134.07 -$100.16 -$166.78 -$236.66 $51.81 $299.84 $124.21 Accruals
Accruals Ratio 9.89% 0.24% 0.88% -1.81% -0.90% 5.07% -4.66% -3.60% -6.67% -11.55% 2.40% 14.22% 5.44% 2.40% <-Median-> 5 Ratio
Cash $6.08 $9.62 $11.17 $7.99 $14.74 $10.37 $13.41 $13.47 $12.51 $13.91 $72.57 $21.52 $25.50 $20.08 Cash
Cash per Share $0.15 $0.23 $0.16 $0.12 $0.21 $0.11 $0.14 $0.15 $0.13 $0.13 $0.63 $0.18 $0.21 $0.18 $0.18 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.89% 1.18% 0.79% 0.65% 1.13% 0.58% 1.38% 1.32% 2.30% 1.80% 7.00% 2.16% 1.96% 1.36% 2.16% <-Median-> 5 % of Stock Price
Notes:
August 17, 2025.  Last estimates were for 2024, 2025, 2026 of $1753M, $1788M, $1862M Revenue, $0.98, $0.87 2024/5 EPS, $0.66, $0.66, $0.60 dividends, 
$118M, $163M 2024/5 FCF, $1.95, $1.83 2024/5 CFPS, $429.6M, $423.1M, $437.9M EBITDA, $128.2M, $116.6M, $129.5M Net Income.
August 12, 2024. Last estimates were for 2023, 2024 of $1912M, $1838M Revenue, $1.22, $0.55 EPS, $0.60, $0.60 Dividends, $170M, $175M FCF, 
$2.34, $1.84 CFPS, $458M. $402M EBITDA, $168M, $76.3M Net Income.
August 12, 2023.  Last estimates were for 2022 and 2023 of $1688M, $1642M and $1610M for 2022/24 for Revenue, $0.65 and $0.19 for EPS, 
$0.60, $0.60 and $0.60 for Dividends 2022/24, $126M, $81M for FCF, $1.99 and $1.62 for CFPS and $79.3M and $21.2M for Net Income.
August 13, 2022.  Last estimates were for 2021, 2022 of $1352M, $1488M and $1.423M 2021/23 for Revenue, -0.55 and $0.01 for EPS, 
$0.60 and $0.60 for Dividends, $56.5M and $97M for FCF, $1.18 and $1.48 for CFPS and -$61.5M and $0.55M for Net Income.
August 14, 2021.  Last estimates were for 2020,  2021 of 1447M, $1534M and $1547M for 2020-22 for Revenue, -$1.15 and -$0.11 for EPS, 
$59M and $99M for FCF, $1.43 and 1.95 for CFPS and -$154M and -$13M for Net Income
August 15, 2020.  Last estimates were for 2019 and 2020 of $1572M and $1619M for Revenue, -$0.78 and $0.13 for EPS, $1.20 and $1.20 for Div, $1.97 and $2.17 for CFPS and -$63.9M and $6.95M for Net Income.
August 24, 2019.  Last estimates were for 2018 and 2019 of $1667M and $1709M for Revenue, $0.89 and $0.97 for EPS, $2.5 and $2.80 for CFPS and $87.5M for Net Income for 2018.
August 29, 2017.  Last estimates were for 2016, 2017 and 2018 of $1318M, $1358M and $1367M for Revenue, $2.06 and $2.18 for FFO for 2016 and 2017, 
$0.38, $0.50 and $0.58 for EPS, $2.59, $3.00 and $2.54 for CFPS, $28M, $41M and $41M for Net Income.
August 28, 2016.  Last estimates were for 2015, 2016 and 2017 of $1336M, $1357M and $1363M for Revenue, $2.20, $2.37 and $1.37 for FFO, $0.50, $0.78 and 0.79 for EPS, 
$2.27, $2.49 and $2.60 for CFPS and $45.1M, $55.7M and $55.6M for Net Income.
September 7, 2015.  Last estimates were for 2014, 2015 and 2016 of $1184M, $1224M and $1221M for Revenue, $0.64, $1.16 and $1.11 for EPS, 
$3.33, $3.53 and $2.98 for CFPS and $29.40M, $71.6M and $69.6M for Net Income.
September 5, 2014.  Last estimates were for 2013, 2014 and 2015 of $880M $896M and $853M for Revenue, $0.93, $1.20 and $0.95 for EPS, $3.21 and $2.94 for 2014 and 2015 CFPS
August 24, 2013.  Last estimates I got on this stock were for 2012 and 2013 of $1011.3M (1012 only), $1.81, $1.28, and $1.34 (2014) for EPS and $2.53 and $2.55 for CFPS.
On October 31, 2006, the Department of Finance announced changes to the tax rules for income trusts that are now law. Income trusts are now taxed the same as Canadian corporations. The changes will 
apply to new income trusts that start up after October 31, 2006. The changes will also apply in the 2011 tax year to many income trusts formed before that date. The goal: to remove the 
tax advantages that trusts had over corporations in the past.
Sector:
Materials
What should this stock accomplish?
Would I buy this company and Why.
No.  It will not be an dividend growth stock anytime soon again.
Why am I following this stock. 
I decided to investigate this stock after reading an article in the G&M in February 2012 about investing in small cap stocks that pay dividends.  
This was one of the stocks mentioned that I had never heard of before.
Dividends
Dividends are paid monthly.  Dividends are declared in one month and paid in the following month.
For example, the January 2014 dividend was declared for Shareholders of record of January 31, 2014 and was paid on February 28, 2014.
Tax on Dividends
Combination of other Income Dividend other than Eligible  and Foreign non-business Income
The Fund is a mutual fund trust and a specified investment flow-through trust (“SIFT”) for income tax purposes
The Fund is not subject to tax on income received from non-Canadian subsidiaries, provided that the income is distributed to Unitholders during
the year.  It pays tax on from income Canadian sources
How they make their money.
Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. 
The company is organized into two operating segments: Sulphur and Water Chemicals (SWC) and Electrochemicals. Its geographical 
segments are Canada, the United States which derives maximum revenue, and South America.
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 They are issuing stock Change
Date 2017 Aug 20 2018 Aug 24 2019 Aug 15 2020 Aug 14 2021 Aug 13 2022 Aug 12 2023 Aug 12 2024 Aug 17 2025 rights to employees
Rook, Scott William 0.014 0.01% 0.039 0.04% 0.061 0.05% 0.085 0.07% 0.112 0.09% 0.128 0.11% Was other officer, now CEO 14.74%
CEO - Shares - Amount $0.079 $0.285 $0.544 $0.721 $1.224 $1.675
Options - percentage 0.186 0.20% 0.391 0.38% 0.928 0.80% 0.808 0.69% 1.164 0.98% 1.120 0.99% -3.74%
Options - amount $1.085 $2.897 $8.321 $6.885 $12.734 $14.622
Davis, Mark 0.20% 0.208 0.22% 0.285 0.31% 0.254 0.27% Ceased Insider Feb 2021
CEO - Shares - Amount $3.553 $2.175 $3.145 $1.479
Options - percentage 0.26% 0.539 0.58% 0.486 0.53% 0.744 0.80%
Options - amount $4.702 $5.645 $5.365 $4.338
Bhardwaj, Rohit 0.07% 0.072 0.08% 0.080 0.09% 0.100 0.11% 0.100 0.10% 0.113 0.10% 0.118 0.10% 0.135 0.11% 0.135 0.12% 0.00%
CFO - Shares - Amount $1.261 $0.757 $0.882 $0.583 $0.740 $1.014 $1.007 $1.477 $1.762
Options - percentage 0.04% 0.039 0.04% 0.026 0.03% 0.070 0.08% 0.215 0.21% 0.426 0.37% 0.247 0.21% 0.335 0.28% 0.279 0.25% -16.67%
Options - amount $0.749 $0.409 $0.288 $0.410 $1.591 $3.822 $2.104 $3.666 $3.644
Powers, Emily Louise 0.014 0.01% 0.019 0.02% 0.027 0.02% Ceased insider Dec 2023
Officer - Shares - Amount $0.105 $0.173 $0.230
Options - percentage 0.111 0.11% 0.212 0.18% 0.109 0.09%
Options - amount $0.822 $1.904 $0.926
Montgomery, Timothy Neil 0.005 0.00% 0.011 0.01% 0.023 0.02% 0.096 0.09% 313.30%
Officer - Shares - Amount $0.044 $0.094 $0.254 $1.255
Options - percentage 0.152 0.13% 0.177 0.15% 0.235 0.20% 0.203 0.18% -13.44%
Options - amount $1.363 $1.507 $2.567 $2.650
Rebello, Bramora Ann 0.037 0.03% 0.043 0.04% 14.48%
Officer - Shares - Amount $0.408 $0.558
Options - percentage 0.069 0.06% 0.064 0.06% -7.06%
Options - amount $0.756 $0.838
Moore, Emily Louise 0.006 0.01% 0.006 0.01% 0.00%
Director - Shares - Amount $0.065 $0.078
Options - percentage 0.121 0.10% 0.229 0.20% 89.68%
Options - amount $1.321 $2.990
Di Clemente, Lucio 0.00% 0.000 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.00%
Director - Shares - Amount $0.000 $0.000 $0.039 $0.020 $0.026 $0.031 $0.030 $0.038 $0.046
Options - percentage 0.03% 0.030 0.03% 0.037 0.04% 0.064 0.07% 0.094 0.09% 0.113 0.10% 0.135 0.12% 0.158 0.13% 0.180 0.16% 13.68%
Options - amount $0.496 $0.312 $0.404 $0.374 $0.695 $1.011 $1.154 $1.733 $2.350
Muzyka, Douglas 0.025 0.02% 0.025 0.02% 0.025 0.02% 0.025 0.02% 0.025 0.02% Subsidiary Executive 0.00%
Chairman - Shares - Amt $0.188 $0.228 $0.216 $0.278 $0.331
Options - percentage 0.070 0.07% 0.086 0.07% 0.110 0.09% 0.135 0.11% 0.160 0.14% 18.31%
Options - amount $0.514 $0.771 $0.941 $1.477 $2.084
Waisberg, Lorie 0.06% 0.006 0.01% 0.015 0.02% 0.015 0.02% 0.015 0.01% Ceased Insider May 2022
Chairman - Shares - Amt $1.002 $0.058 $0.165 $0.087 $0.111
Options - percentage 0.00% 0.055 0.06% 0.071 0.08% 0.115 0.12% 0.159 0.15%
Options - amount $0.000 $0.580 $0.788 $0.672 $1.178
Increase in O/S Shares 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.213 0.23% 1.111 1.07% 1.459 1.26% 1.894 1.62% 0.771 0.65% Yes 0
due to SO $0.000 $0.000 $0.000 $0.000 $1.240 $8.223 $13.083 $16.139 $8.440
Book Value $4.484 $8.889 $1.370 $11.555 $6.828 $13.047 $20.971 $17.332 $23.323 Expense LTIP
% of Market Cap 0.34% 0.49% 0.14% 1.13% 1.26% 1.26% 1.61% 1.18% 1.33% % of Market Cap
Insider Buying -$0.495 -$0.844 -$0.872 -$1.547 -$0.070 -$0.173 -$0.205 -$0.522 -$0.522 Selling & Admin Services
Insider Selling $0.028 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Net Insider Selling -$0.466 -$0.844 -$0.872 -$1.547 -$0.070 -$0.173 -$0.205 -$0.522 -$0.522
% of Market Cap -0.03% -0.09% -0.09% -0.28% -0.01% -0.02% -0.02% -0.04% -0.04%
Directors 6 8 7 7 7 8 8 8
Women 33% 2 33% 3 38% 3 43% 3 43% 3 43% 3 38% 3 38% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 13% 0 0% 0 0%
Institutions/Holdings 34.87% 53 41.84% 48 43.52% 20 23.89% 20 14.34% 20 16.55% 20 11.53% 20 11.53%
Total Shares Held 34.87% 38.744 41.84% 40.300 43.52% 24.748 26.56% 15.002 12.98% 19.174 16.38% 13.516 11.36% 0.000 0.00%
Increase/Decrease 3 Mths -0.85% -0.551 -1.40% 0.325 0.81% -2.532 -9.28% -0.017 -0.11% -0.029 -0.15% -0.072 -0.53% -0.072 -100.00%
Starting No. of Shares 39.295 39.975 27.280 MS top 20 15.019 MS top 20 19.203 MS top 20 13.588 MS top 20 0.072 MS top 20
Copyright © 2008 Website of SPBrunner. All rights reserved.