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 2027 <-Estimates https://www.annualreports.com/Company/empire-company-limited
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 7/31/26 <-Estimates
Empire Company Ltd TSX: EMP.A OTC: EMLAF https://www. empireco.ca Fiscal Yr: Apr 30
Year 30-Apr-13 30-Apr-14 30-Apr-15 30-Apr-16 30-Apr-17 30-Apr-18 30-Apr-19 30-Apr-20 30-Apr-21 30-Apr-22 30-Apr-23 30-Apr-24 30-Apr-25 30-Apr-26 30-Apr-27 30-Apr-28 30-Apr-29 Value Description #Y Item Total G
Year End Date 4-May-13 3-May-14 2-May-15 7-May-16 6-May-17 6-May-18 4-May-19 2-May-20 1-May-21 7-May-22 6-May-23 4-May-24 3-May-25 2-May-26 1-May-27 1-May-28 1-May-29
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Date 28-Sep-15 Split Date
Split    3 Split   
Cost of Sales $22,895.0 $23,286.0 <-Total Growth 1 Cost of Sales
Change 1.71% 1.71% <-Median-> 1 Change
Ratio 0.73 0.73 73.04% <-Median-> 2 Ratio
Selling & Admin & Finance $7,251.0 $7,461.0 <-Total Growth 1 Selling & Admin & Finance
Change 2.90% 2.90% <-Median-> 1 Change
Ratio 0.23 0.23 23.27% <-Median-> 2 Ratio
Total $30,146.0 $30,747.0 <-Total Growth 1 Total
Change 1.99% 1.99% <-Median-> 1 Change
Ratio 0.96 0.96 96.31% <-Median-> 2 Ratio
$23,692 8516 -25.85% Estimates last 12 months from Qtr.
Revenue* $17,612.7 $20,993.0 $23,928.8 $24,618.8 $23,806.2 $24,214.6 $25,142.0 $26,588.2 $28,268.3 $30,162.4 $30,478.1 $30,732.6 $31,277 $31,950 $32,949 $33,959 $34,850 29.78% <-Total Growth 10 Revenue
Increase 8.39% 19.19% 13.98% 2.88% -3.30% 1.72% 3.83% 5.75% 6.32% 6.70% 1.05% 0.84% 1.77% 2.15% 3.13% 3.07% 2.62% 2.64% <-IRR #YR-> 10 Revenue 29.78%
5 year Running Average $16,084.5 $17,280.0 $18,963 $20,680 $22,192 $23,512 $24,342 $24,874 $25,604 $26,875 $28,128 $29,246 $30,184 $30,920 $31,477 $32,174 $32,997 2.48% <-IRR #YR-> 5 Revenue 13.02%
Revenue per Share $86.40 $75.81 $86.39 $90.62 $87.63 $89.13 $92.50 $98.80 $106.49 $114.83 $120.32 $126.96 $134.45 $141.85 $146.29 $150.77 $154.73 4.10% <-IRR #YR-> 10 5 yr Running Average 49.51%
Increase 8.39% -12.26% 13.96% 4.90% -3.30% 1.71% 3.79% 6.81% 7.78% 7.83% 4.79% 5.51% 5.90% 5.50% 3.13% 3.07% 2.62% 3.85% <-IRR #YR-> 5 5 yr Running Average 20.76%
5 year Running Average $78.68 $79.22 $81.39 $83.78 $85.37 $85.91 $89.25 $91.74 $94.91 $100.35 $106.59 $113.48 $120.61 $127.68 $133.97 $140.06 $145.62 4.58% <-IRR #YR-> 10 Revenue per Share 56.54%
P/S (Price/Sales) Med 0.24 0.33 0.31 0.28 0.21 0.25 0.29 0.31 0.33 0.36 0.32 0.28 0.31 0.37 0.33 0.00 0.00 5.90% <-IRR #YR-> 5 Revenue per Share 33.21%
P/S (Price/Sales) Close 0.26 0.30 0.34 0.23 0.24 0.28 0.32 0.31 0.36 0.37 0.30 0.25 0.38 0.33 0.33 0.32 0.35 4.30% <-IRR #YR-> 10 5 yr Running Average 52.39%
*Revenue in M CDN $  P/S Med 20 yr  0.28 15 yr  0.31 10 yr  0.31 5 yr  0.32 6.78% Diff M/C 6.11% <-IRR #YR-> 5 5 yr Running Average 34.53%
-$24,619 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,950
-$28,268 $0 $0 $0 $0 $31,950
-$20,680 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,920
-$25,604 $0 $0 $0 $0 $30,920
-$90.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $141.85
-$106.49 $0.00 $0.00 $0.00 $0.00 $141.85
$774.6 <-12 mths 3.69% Estimates Last 12 months from Qtr
$3.36 <-12 mths 3.70% Estimates Last 12 months from Qtr
27.02% 27.39% Estimates Payout Ratio EPS
Adjusted Net Earnings $390.7 $391.4 $518.9 $410.2 $191.3 $344.3 $410.0 $596.8 $705.5 $745.8 $727.1 $681.6 $711 $747 82.11% <-Total Growth 10 Adjusted Net Earnings
Adjusted EPS Basic $1.84 $1.50 $0.70 $1.28 $1.50 $2.20 $2.60 $2.80 $2.80 $2.75 $2.99 $3.25 116.67% <-Total Growth 10 Adjusted EPS
Adjusted EPS diluted $1.91 $1.63 $1.84 $1.50 $0.70 $1.28 $1.50 $2.19 $2.59 $2.79 $2.79 $2.74 $2.98 $3.24 $3.59 $3.87 $4.20 116.00% <-Total Growth 10 Adjusted EPS
Increase 21.87% -14.98% 13.11% -18.48% -53.33% 82.86% 17.19% 46.00% 18.26% 7.72% 0.00% -1.79% 8.76% 8.72% 10.80% 7.80% 8.53% 12 7 20 Years of data, Count P, N 60.00%
Earnings Yield 8.37% 7.11% 6.31% 7.06% 3.33% 5.16% 5.03% 7.13% 6.70% 6.58% 7.67% 8.54% 5.82% 6.97% 7.41% 7.99% 7.80% 8.01% <-IRR #YR-> 10 Adjusted EPS 116.00%
5 year Running Average $1.62 $1.68 $1.75 $1.69 $1.52 $1.39 $1.36 $1.43 $1.65 $2.07 $2.37 $2.62 $2.78 $2.91 $3.07 $3.28 $3.58 4.58% <-IRR #YR-> 5 Adjusted EPS 25.10%
Payout Ratio 16.72% 21.31% 19.57% 26.67% 58.57% 32.81% 29.33% 21.92% 19.31% 21.51% 23.66% 26.64% 26.85% 27.16% 27.02% 25.06% 23.10% 5.58% <-IRR #YR-> 10 5 yr Running Average 72.07%
5 year Running Average 16.87% 17.65% 18.20% 20.43% 24.23% 27.88% 29.77% 29.99% 27.24% 23.57% 22.60% 22.67% 23.69% 25.24% 0.00% 0.00% 0.00% 11.97% <-IRR #YR-> 5 5 yr Running Average 76.03%
Price/AEPS Median 10.64 15.19 14.47 17.04 26.83 17.54 17.94 14.08 13.65 14.79 13.71 13.18 13.91 16.10 13.59 0.03 0.00 14.43 <-Median-> 10 Price/AEPS Median
Price/AEPS High 11.96 17.06 17.17 20.53 32.23 20.43 20.74 17.06 15.65 16.36 15.45 14.79 17.18 17.84 14.42 0.00 0.00 17.12 <-Median-> 10 Price/AEPS High
Price/AEPS Low 9.33 13.33 11.78 13.56 21.43 14.64 15.13 11.09 11.64 13.22 11.97 11.56 10.64 14.35 12.76 0.00 0.00 12.60 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 11.95 14.06 15.84 14.16 30.04 19.40 19.87 14.03 14.93 15.21 13.04 11.70 17.18 14.35 13.50 12.52 12.82 15.07 <-Median-> 10 Price/AEPS Close
Trailing P/AEPSClose 14.56 11.96 17.92 11.54 14.02 35.47 23.28 20.49 17.65 16.38 13.04 11.49 18.69 15.60 14.95 13.50 13.92 17.02 <-Median-> 10 Trailing P/AEPSClose
Median Values Historical   in order 13.68 15.55 11.71 13.65 26.64% P/CF 5 Yrs   in order 13.91 16.36 11.97 14.35 -2.99% Diff M/C -6.49% Diff M/C 10 Median Values
$0.98 <-12 mths 13.95% Estimates Last 12 months from Qtr
EPS Basic $1.89 $0.98 $1.51 -$7.78 $0.58 $0.59 $1.42 $2.16 $2.61 $2.81 $2.65 $2.92 $2.94 $0.86 111.05% <-Total Growth 10 EPS Basic TD Est
EPS Diluted* $1.88 $0.98 $1.51 -$7.78 $0.58 $0.59 $1.42 $2.15 $2.60 $2.80 $2.64 $2.92 $2.93 $0.86 $3.59 $3.87 111.05% <-Total Growth 10 EPS Diluted
Increase 13.23% -48.14% 54.95% -614.10% 107.46% 1.72% 140.68% 51.41% 20.93% 7.69% -5.71% 10.61% 0.34% -70.65% 317.44% $3.59 10 0 10 Years of Data, EPS P or N 100.00%
DPR 5 years Running 16.73% 18.98% 20.31% -99.04% -64.98% -47.01% -55.21% -70.72% 30.65% 25.52% 23.08% 22.65% 23.69% 30.21% 31.22% 13.09% -12.18% <-Median-> 10 DPR 5 years Running
Earnings Yield 8.24% 4.27% 5.19% -36.63% 2.76% 2.38% 4.77% 7.00% 6.73% 6.60% 7.26% 9.11% 5.72% 1.85% 7.41% 0.00% #NUM! <-IRR #YR-> 10 Earnings per Share 111.05%
5 year Running Average $1.63 $1.56 $1.57 -$0.35 -$0.57 -$0.82 -$0.74 -$0.61 $1.47 $1.91 $2.32 $2.62 $2.78 $2.43 $2.59 #DIV/0! -19.85% <-IRR #YR-> 5 Earnings per Share -66.92%
10 year Running Average $1.42 $1.43 $1.48 $0.55 $0.51 $0.40 $0.41 $0.48 $0.56 $0.67 $0.75 $0.94 $1.09 $1.95 $2.25 $1.23 #NUM! <-IRR #YR-> 10 5 yr Running Average 796.94%
* Diluted ESP per share  E/P 10 Yrs 6.16% 5Yrs 6.60% $0.83 10.61% <-IRR #YR-> 5 5 yr Running Average 65.53%
$7.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.86
-$2.60 $0.00 $0.00 $0.00 $0.00 $0.86
$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.43
-$1.47 $0.00 $0.00 $0.00 $0.00 $2.43
Dividend* $0.97 $1.06 $1.13 Estimates Dividend*
Increase 10.23% 9.28% 6.60% Estimates Increase
Payout Ratio EPS 27.02% 27.39% #DIV/0! 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 <-Median-> 10 Special Dividends
Pre-split 2002
Pre-split 2015
Dividend* $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $0.88 $0.97 $0.97 $0.97 120.00% <-Total Growth 10 Dividends
Increase 6.67% 8.33% 3.85% 11.11% 2.50% 2.44% 4.76% 9.09% 4.17% 20.00% 10.00% 10.61% 9.59% 10.00% 10.23% 0.00% 0.00% 36 0 41 Years of data, Count P, N
5 year Increases 37.14% 40.54% 34.99% 33.33% 28.13% 21.15% 22.22% 20.00% 21.95% 42.86% 50.00% 52.08% 60.00% 46.67% 46.97% 32.88% 21.25% 35.49% <-Median-> 10 5 year Increases
Dividends 5 Yr Running $0.27 $0.30 $0.32 $0.35 $0.37 $0.39 $0.41 $0.43 $0.45 $0.49 $0.54 $0.59 $0.66 $0.73 $0.81 $0.87 $0.92 112.55% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 1.57% 1.40% 1.35% 1.56% 2.18% 1.87% 1.64% 1.56% 1.41% 1.45% 1.73% 2.02% 1.93% 1.69% 1.99% 1.71% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 1.40% 1.25% 1.14% 1.30% 1.82% 1.61% 1.41% 1.28% 1.23% 1.31% 1.53% 1.80% 1.56% 1.52% 1.87% 1.53% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 1.79% 1.60% 1.66% 1.97% 2.73% 2.24% 1.94% 1.98% 1.66% 1.63% 1.98% 2.31% 2.52% 1.89% 2.12% 1.98% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 1.40% 1.52% 1.23% 1.88% 1.95% 1.69% 1.48% 1.56% 1.29% 1.41% 1.81% 2.28% 1.56% 1.89% 2.00% 2.00% 1.80% 1.63% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 16.99% 35.50% 23.79% -5.14% 70.69% 71.19% 30.99% 22.33% 19.23% 21.43% 25.00% 25.00% 27.30% 102.33% 27.02% 25.06% #DIV/0! 26.15% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 16.73% 18.98% 20.31% -99.04% -64.98% -47.01% -55.21% -70.72% 30.65% 25.52% 23.08% 22.65% 23.69% 30.21% 31.22% #DIV/0! #DIV/0! 22.87% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 8.28% 12.19% 8.59% 12.12% 15.72% 12.97% 13.50% 6.18% 7.14% 7.48% 10.41% 8.52% 8.75% 10.37% 11.43% #VALUE! #DIV/0! 9.56% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 7.49% 8.27% 8.72% 9.49% 10.93% 11.97% 12.23% 10.66% 9.42% 8.33% 8.27% 7.88% 8.42% 9.05% 9.85% #VALUE! #DIV/0! 9.24% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 6.92% 9.99% 7.87% 9.49% 13.81% 13.13% 12.70% 6.97% 6.20% 6.95% 7.49% 7.82% 7.95% 8.26% 11.43% #VALUE! #DIV/0! 7.89% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 7.45% 7.85% 7.89% 8.19% 9.25% 10.51% 11.02% 10.37% 9.16% 8.07% 7.48% 7.12% 7.33% 7.73% 8.53% #VALUE! #DIV/0! 8.61% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 1.71% 1.63% 5 Yr Med 5 Yr Cl 1.73% 1.81% 5 Yr Med Payout 25.00% 8.75% 7.82% 11.97% <-IRR #YR-> 5 Dividends 76.00%
* Dividends per share  10 Yr Med and Cur. 17.34% 23.05% 5 Yr Med and Cur. 16.04% 10.36% Last Div Inc ---> $0.2200 $0.2425 10.23% 8.20% <-IRR #YR-> 10 Dividends 120.00%
Dividends Growth 15 8.28% <-IRR #YR-> 15 Dividends 229.98%
Dividends Growth 20 8.06% <-IRR #YR-> 20 Dividends 371.43%
Dividends Growth 25 11.60% <-IRR #YR-> 25 Dividends 1452.93%
Dividends Growth 30 11.26% <-IRR #YR-> 30 Dividends 2355.77%
Dividends Growth 35 10.51% <-IRR #YR-> 35 Dividends
Dividends Growth 40 10.16% <-IRR #YR-> 40 Dividends
Dividends Growth 45 9.90% <-IRR #YR-> 41 Dividends
Dividends Growth 5 -$0.50 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 5
Dividends Growth 10 -$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 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 $0.00 $0.88 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 $0.00 $0.88 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 $0.00 $0.88 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 40
Dividends Growth 45 $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 $0.88 Dividends Growth 45
Historical Dividends Historical High Div 2.46% Low Div 0.84% 10 Yr High 2.71% 10 Yr Low 1.24% Med Div 1.45% Close Div 1.40% Historical Dividends Div Pd
High/Ave/Median Values Curr diff Exp. -18.62%     138.34% Exp. -26.12% 61.46% Cheap 38.07% Cheap 42.95% High/Ave/Median  $1.71
$3.00
Future Dividend Yield Div Yield 3.52% earning in 5.00 Years at IRR of 11.97% Div Inc. 76.00% Future Dividend Yield $5.29
Future Dividend Yield Div Yield 6.20% earning in 10.00 Years at IRR of 11.97% Div Inc. 209.76% Future Dividend Yield
Future Dividend Yield Div Yield 10.91% earning in 15.00 Years at IRR of 11.97% Div Inc. 445.18% Future Dividend Yield
Future Dividend Paid Div Paid $1.71 earning in 5 Years at IRR of 11.97% Div Inc. 76.00% Future Dividend Paid
Future Dividend Paid Div Paid $3.00 earning in 10 Years at IRR of 11.97% Div Inc. 209.76% Future Dividend Paid
Future Dividend Paid Div Paid $5.29 earning in 15 Years at IRR of 11.97% Div Inc. 445.18% Future Dividend Paid
Dividend Covering Cost Total Div $6.16 over 5 Years at IRR of 11.97% Div Cov. 12.71% Dividend Covering Cost
Dividend Covering Cost Total Div $15.29 over 10 Years at IRR of 11.97% Div Cov. 31.56% Dividend Covering Cost
Dividend Covering Cost Total Div $31.36 over 15 Years at IRR of 11.97% Div Cov. 64.73% Dividend Covering Cost
Yield if held 5 years 2.12% 2.31% 2.31% 2.18% 2.04% 2.06% 1.78% 1.80% 1.96% 3.19% 2.94% 2.71% 2.60% 2.49% 2.35% 2.54% 2.69% 2.28% <-Median-> 10 Paid Median Price
Yield if held 10 years 3.37% 3.95% 3.47% 3.09% 2.90% 2.78% 2.93% 3.08% 2.72% 2.98% 3.24% 2.95% 3.00% 3.44% 5.17% 4.32% 3.61% 2.97% <-Median-> 10 Paid Median Price
Yield if held 15 years 8.71% 7.23% 7.37% 7.47% 5.02% 4.42% 5.02% 4.63% 3.86% 4.25% 4.37% 4.86% 5.13% 4.79% 4.82% 4.76% 3.93% 4.71% <-Median-> 10 Paid Median Price
Yield if held 20 years 15.52% 13.86% 14.64% 17.61% 17.60% 11.43% 9.18% 9.83% 9.34% 7.34% 6.95% 8.33% 7.71% 6.79% 6.87% 6.42% 6.46% 8.75% <-Median-> 10 Paid Median Price
Yield if held 25 years 13.85% 15.87% 14.52% 21.57% 19.88% 20.36% 17.59% 19.53% 22.01% 25.75% 17.96% 15.22% 16.38% 16.43% 11.87% 10.22% 11.06% 18.74% <-Median-> 10 Paid Median Price
Yield if held 30 years 63.72% 38.28% 20.92% 18.18% 20.14% 19.36% 26.97% 29.09% 32.00% 29.18% 32.54% 38.74% 41.63% 26.39% 20.23% 28.03% <-Median-> 10 Paid Median Price
Yield if held 35 years 84.96% 47.85% 30.61% 28.57% 33.41% 32.27% 47.46% 47.03% 47.03% 38.77% 33.41% <-Median-> 7 Paid Median Price
Yield if held 40 years 141.59% 84.21% 49.49% 41.99% 44.39% 112.90% <-Median-> 2 Paid Median Price Div Yd
2.35%
Cost covered if held 5 years 9.05% 9.86% 10.21% 9.41% 9.13% 9.51% 8.21% 8.07% 8.80% 12.99% 11.94% 11.04% 10.67% 10.38% 9.79% 11.37% 12.71% 9.95% <-Median-> 10 Paid Median Price 5.17%
Cost covered if held 10 years 23.88% 28.29% 25.83% 22.34% 21.97% 21.88% 23.39% 23.98% 21.66% 21.26% 22.67% 20.23% 20.43% 23.16% 34.50% 31.32% 28.10% 21.93% <-Median-> 10 Paid Median Price 4.82%
Cost covered if held 15 years 70.66% 60.44% 65.74% 66.38% 47.63% 44.28% 51.45% 46.55% 39.71% 39.25% 39.63% 43.18% 45.06% 41.66% 41.34% 44.03% 38.80% 43.73% <-Median-> 10 Paid Median Price 6.87%
Cost covered if held 20 years 134.61% 123.50% 138.97% 166.42% 178.27% 123.36% 102.77% 109.75% 108.40% 77.47% 72.52% 85.32% 78.27% 68.04% 67.85% 68.44% 73.76% 94.05% <-Median-> 10 Paid Median Price 11.87%
Cost covered if held 25 years 126.10% 147.96% 143.85% 212.47% 209.60% 228.51% 204.65% 226.42% 265.46% 282.99% 196.28% 164.71% 177.10% 176.93% 126.89% 118.35% 137.68% 207.12% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 651.85% 388.96% 227.19% 209.94% 240.87% 230.57% 333.82% 327.90% 358.45% 323.37% 360.26% 427.02% 456.38% 314.65% 260.44% 325.63% <-Median-> 10 Paid Median Price
Cost covered if held 35 years 1032.38% 604.27% 351.68% 325.96% 376.79% 363.28% 531.75% 523.78% 569.35% 506.85% 376.79% <-Median-> 7 Paid Median Price
Cost covered if held 40 years 7814.68% 4385.93% 2384.16% 2060.16% 2215.39% 6100.30% <-Median-> 2 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $28,268.3 $30,162.4 $30,478.1 $30,732.6 $31,277.0 $31,950.0 $23,692 <-12 mths -25.85% 13.02% <-Total Growth 5 Revenue Growth  13.02%
AEPS Growth $2.59 $2.79 $2.79 $2.74 $2.98 $3.24 $3.36 <-12 mths 3.70% 25.10% <-Total Growth 5 AEPS Growth 25.10%
Net Income Growth $701.5 $745.8 $686.0 $725.2 $700.0 $198.0 $226 <-12 mths 13.92% -71.77% <-Total Growth 5 Net Income Growth -71.77%
Cash Flow Growth $1,859.6 $2,107.1 $1,605.3 $2,074.3 $2,127.0 $1,911.0 2.76% <-Total Growth 5 Cash Flow Growth 2.76%
Dividend Growth $0.50 $0.60 $0.66 $0.73 $0.80 $0.88 $0.97 <-12 mths 10.23% 76.00% <-Total Growth 5 Dividend Growth 76.00%
Stock Price Growth $38.66 $42.43 $36.38 $32.07 $51.20 $46.50 $48.45 <-12 mths 4.19% 20.28% <-Total Growth 5 Stock Price Growth 20.28%
Revenue Growth  $24,618.8 $23,806.2 $24,214.6 $25,142.0 $26,588.2 $28,268.3 $30,162.4 $30,478.1 $30,732.6 $31,277.0 $31,950.0 $32,949 <-this year 3.13% 29.78% <-Total Growth 10 Revenue Growth  29.78%
AEPS Growth $1.50 $0.70 $1.28 $1.50 $2.19 $2.59 $2.79 $2.79 $2.74 $2.98 $3.24 $3.59 <-this year 10.80% 116.00% <-Total Growth 10 AEPS Growth 116.00%
Net Income Growth -$2,131.0 $158.5 $159.5 $387.3 $583.6 $701.5 $745.8 $686.0 $725.2 $700.0 $198.0 $809 <-this year 308.38% 109.29% <-Total Growth 10 Net Income Growth 109.29%
Cash Flow Growth $896.8 $708.5 $879.7 $885.6 $2,089.4 $1,859.6 $2,107.1 $1,605.3 $2,074.3 $2,127.0 $1,911.0 $1,911 <-this year 0.00% 113.09% <-Total Growth 10 Cash Flow Growth 113.09%
Dividend Growth $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $0.88 $0.97 <-this year 10.23% 120.00% <-Total Growth 10 Dividend Growth 120.00%
Stock Price Growth $21.24 $21.03 $24.83 $29.80 $30.73 $38.66 $42.43 $36.38 $32.07 $51.20 $46.50 $48.45 <-this year 4.19% 118.93% <-Total Growth 10 Stock Price Growth 118.93%
Dividends on Shares $15.99 $16.38 $17.16 $18.72 $19.50 $23.40 $25.74 $28.47 $31.20 $34.32 $37.83 $37.83 $37.83 $230.88 No of Years 10 Total Divs 12/31/15
Paid  $1,003.86 $613.08 $955.11 $1,124.37 $1,187.94 $1,356.81 $1,503.06 $1,390.74 $1,366.95 $1,666.86 $1,849.38 $1,889.55 $1,889.55 $1,889.55 $1,849.38 No of Years 10 Worth $25.74
Total $2,080.26
Graham Number AEPS $28.05 $27.45 $29.91 $21.23 $14.54 $19.81 $22.30 $26.81 $30.98 $34.60 $35.90 $36.88 $39.49 $40.24 $42.36 $43.98 $45.82 89.57% <-Total Growth 10 Graham Number AEPS
Price/GP Ratio Med 0.73 0.90 0.89 1.20 1.29 1.13 1.21 1.15 1.14 1.19 1.07 0.98 1.05 1.30 1.15 0.00 0.00 1.15 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.82 1.01 1.06 1.45 1.55 1.32 1.40 1.39 1.31 1.32 1.20 1.10 1.30 1.44 1.22 0.00 0.00 1.32 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.64 0.79 0.72 0.96 1.03 0.95 1.02 0.91 0.97 1.07 0.93 0.86 0.80 1.16 1.08 0.00 0.00 0.96 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.81 0.83 0.97 1.00 1.45 1.25 1.34 1.15 1.25 1.23 1.01 0.87 1.30 1.16 1.14 1.10 1.18 1.24 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -18.51% -16.65% -2.53% 0.06% 44.69% 25.33% 33.66% 14.63% 24.78% 22.64% 1.34% -13.05% 29.66% 15.56% 14.38% 10.17% 17.56% 23.71% <-Median-> 10 Graham Price
Graham Number ESP $27.83 $21.27 $27.12 $21.32 $13.23 $13.45 $21.69 $26.56 $31.04 $34.66 $34.92 $38.07 $39.16 $20.73 $42.36 $43.98 $0.00 -2.76% <-Total Growth 10 Graham Number EPS
Price/GP Ratio Med 0.73 1.16 0.98 1.20 1.42 1.67 1.24 1.16 1.14 1.19 1.10 0.95 1.06 2.52 1.15 1.18 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.82 1.30 1.17 1.44 1.71 1.94 1.43 1.41 1.31 1.32 1.23 1.06 1.31 2.79 1.22 1.36 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.64 1.02 0.80 0.95 1.13 1.39 1.05 0.91 0.97 1.06 0.96 0.83 0.81 2.24 1.08 1.01 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.82 1.08 1.07 1.00 1.59 1.85 1.37 1.16 1.25 1.22 1.04 0.84 1.31 2.24 1.14 1.10 #DIV/0! 1.28 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -17.86% 7.56% 7.48% -0.38% 58.95% 84.60% 37.37% 15.70% 24.54% 22.42% 4.18% -15.77% 30.76% 124.29% 14.38% 10.17% #DIV/0! 27.65% <-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 Dec-28
Price Close $19.65 $24.19 $29.21 $25.74 $15.72 $24.49 $28.83 $30.46 $34.79 $38.54 $35.66 $35.05 $42.74 $47.42 $48.45 $48.45 $48.45 84.23% <-Total Growth 10 Stock Price
Increase -0.25% 23.10% 20.75% -11.88% -38.93% 55.79% 17.72% 5.65% 14.22% 10.78% -7.47% -1.71% 21.94% 10.95% 2.17% 0.00% 0.00% 30.20 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 10.43 24.77 19.30 -3.31 27.10 41.51 20.30 14.17 13.38 13.76 13.51 12.00 14.59 55.14 13.50 12.52 #DIV/0! 6.39% <-IRR #YR-> 5 Stock Price 36.30%
Trailing P/E Ratio 11.81 12.84 29.91 17.01 -2.02 42.22 48.86 21.45 16.18 14.82 12.74 13.28 14.64 16.18 56.34 13.50 12.52 6.30% <-IRR #YR-> 10 Stock Price 84.23%
CAPE (10 Yr P/E) 16.80 16.80 16.80 16.80 16.80 16.80 16.80 49.26 45.17 40.34 38.40 31.64 28.76 17.12 16.29 31.65 #DIV/0! 8.24% <-IRR #YR-> 5 Price & Dividend 46.85%
Median 10, 5 Yrs D.  per yr 1.69% 1.85% % Tot Ret 20.48% 23.12% T P/E 14.64 P/E:  14.38 13.76 7.99% <-IRR #YR-> 10 Price & Dividend 107.23%
Price 15 D.  per yr 1.67% % Tot Ret 20.64% CAPE Diff -46.07% 6.43% <-IRR #YR-> 15 Stock Price 154.81%
Price  20 D.  per yr 1.75% % Tot Ret 19.63% 7.18% <-IRR #YR-> 20 Stock Price 300.17%
Price  25 D.  per yr 2.07% % Tot Ret 18.76% 8.98% <-IRR #YR-> 25 Stock Price 759.06%
Price  30 D.  per yr 2.44% % Tot Ret 18.40% 10.83% <-IRR #YR-> 30 Stock Price 759.06%
Price  35 D.  per yr 2.19% % Tot Ret 17.40% 10.41% <-IRR #YR-> 35 Stock Price 759.06%
Price  40 D.  per yr 1.97% % Tot Ret 16.70% 9.84% <-IRR #YR-> 40 Stock Price
Price  45 D.  per yr 2.89% % Tot Ret 19.87% 11.64% <-IRR #YR-> 41 Stock Price
Price & Dividend 15 8.11% <-IRR #YR-> 15 Price & Dividend 195.90%
Price & Dividend 20 8.93% <-IRR #YR-> 20 Price & Dividend 374.54%
Price & Dividend 25 11.06% <-IRR #YR-> 25 Price & Dividend 930.70%
Price & Dividend 30 13.27% <-IRR #YR-> 30 Price & Dividend
Price & Dividend 35 12.61% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 11.81% <-IRR #YR-> 40 Price & Dividend
Price & Dividend 45 14.52% <-IRR #YR-> 41 Price & Dividend
Price  5 -$34.79 $0.00 $0.00 $0.00 $0.00 $47.42 Price  5
Price 10 -$25.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.42 Price 10
Price & Dividend 5 -$34.79 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 5
Price & Dividend 10 -$25.74 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 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 $0.00 $47.42 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 $0.00 $47.42 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 $0.00 $47.42 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.42 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.42 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.42 Price  40
Price  45 $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 $47.42 Price  45
Price & Dividend 15 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 15
Price & Dividend 20 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 20
Price & Dividend 25 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 25
Price & Dividend 30 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 30
Price & Dividend 35 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 35
Price & Dividend 40 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 40
Price & Dividend 45 $0.32 $0.35 $0.36 $0.40 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $48.30 Price & Dividend 45
Month, Year Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26 Apr-27 Apr-28 Apr-29 42.00 <Count Years> Month, Year
Pre-split 2002
Pre-split 2015 $68.58 $68.63 $87.45
Price Close $22.86 $22.88 $29.15 $21.24 $21.03 $24.83 $29.80 $30.73 $38.66 $42.43 $36.38 $32.07 $51.20 $46.50 $48.45 $48.45 $53.86 118.93% <-Total Growth 10 Stock Price
Increase 19.02% 0.07% 27.42% -27.14% -0.99% 18.07% 20.02% 3.12% 25.81% 9.75% -14.26% -11.85% 59.65% -9.18% 4.19% 0.00% 11.17% 3.76% <-IRR #YR-> 5 Stock Price 118.93%
P/E Ratio 12.14 23.42 19.26 -2.73 36.26 42.08 20.99 14.29 14.87 15.15 13.78 10.98 17.47 54.07 13.50 12.52 #DIV/0! 8.15% <-IRR #YR-> 10 Stock Price 20.28%
Trailing P/E Ratio 13.74 12.15 29.85 14.04 -2.70 42.81 50.51 21.64 17.98 16.32 12.99 12.15 17.53 15.87 56.34 13.50 13.92 5.51% <-IRR #YR-> 5 Price & Dividend
Median 10, 5 Yrs D.  per yr 1.75% 1.89% % Tot Ret 31.75% 18.82% T P/E 15.87 P/E:  16.31 15.15 10.04% <-IRR #YR-> 10 Price & Dividend
-$38.66 $0.00 $0.00 $0.00 $0.00 $46.50
-$21.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $46.50
-$38.66 $0.60 $0.66 $0.73 $0.80 $47.38
-$21.24 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $47.38
Price H/L Median $20.37 $24.71 $26.63 $25.57 $18.78 $22.45 $26.91 $30.83 $35.35 $41.27 $38.26 $36.10 $41.46 $52.16 $48.79 11.17% 104.01% <-Total Growth 10 Stock Price
Increase 1.23% 21.35% 7.76% -4.01% -26.54% 19.52% 19.87% 14.57% 14.68% 16.73% -7.29% -5.63% 14.83% 25.81% -6.46% 2.00% 7.39% <-IRR #YR-> 10 Stock Price 104.01%
P/E Ratio 10.81 25.30 17.60 -3.29 32.38 38.04 18.95 14.34 13.60 14.74 14.49 12.36 14.15 60.65 13.59 13.17% 8.09% <-IRR #YR-> 5 Stock Price 47.54%
Trailing P/E Ratio 12.24 13.12 27.27 16.89 -2.41 38.70 45.60 21.71 16.44 15.87 13.66 13.67 14.20 17.80 56.73 9.01% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 12.47 15.85 16.98 -73.32 -33.22 -27.24 -36.59 -50.70 24.08 21.58 16.48 13.77 14.92 21.46 18.85 9.85% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 14.39 17.34 17.97 46.15 37.14 55.47 65.30 64.17 63.16 61.28 51.07 38.27 38.21 26.76 21.68 13.03 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 1.62% 1.76% % Tot Ret 17.99% 17.87% T P/E 14.20 P/E:  14.61 14.49 Count 41 Years of data
-$25.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $52.16
-$35.35 $0.00 $0.00 $0.00 $0.00 $52.16
-$25.57 $0.41 $0.42 $0.44 $0.48 $0.50 $0.60 $0.66 $0.73 $0.80 $53.04
-$35.35 $0.60 $0.66 $0.73 $0.80 $53.04
High Months Feb 15 Aug 15 Jun 16 Dec 17 Feb 19 Aug 20 Apr 21 Apr 22 May 22 Nov 23 Apr 25 Aug 25 Jun 26
Pre-split 2002
Pre-split 2015 $68.63 $83.24 $94.79
Price High $22.88 $27.75 $31.60 $30.79 $22.56 $26.15 $31.11 $37.36 $40.54 $45.64 $43.11 $40.53 $51.20 $57.80 $51.75 87.72% <-Total Growth 10 Stock Price
Increase 8.95% 21.29% 13.88% -2.55% -26.73% 15.91% 18.97% 20.09% 8.51% 12.58% -5.54% -5.98% 26.33% 12.89% -10.47% 6.50% <-IRR #YR-> 10 Stock Price 87.72%
P/E Ratio 12.15 28.41 20.88 -3.96 38.90 44.32 21.91 17.38 15.59 16.30 16.33 13.88 17.47 67.21 14.42 7.35% <-IRR #YR-> 5 Stock Price 42.58%
Trailing P/E Ratio 13.75 14.73 32.35 20.35 -2.90 45.09 52.73 26.31 18.86 17.55 15.40 15.35 17.53 19.73 60.17 14.21 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 17.53 P/E:  17.43 16.33 27.07 P/E Ratio Historical High
-$30.79 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $57.80
-$40.54 $0.00 $0.00 $0.00 $0.00 $57.80
Low Months Jun 14 Apr 16 Dec 16 Jun 17 Oct 18 Mar 20 Jun 20 Dec 21 Oct 22 Apr 24 Jun 24 Nov 25 May 26
Price Low $17.85 $21.68 $21.67 $20.34 $15.00 $18.74 $22.70 $24.29 $30.16 $36.89 $33.40 $31.67 $31.71 $46.51 $45.82 128.66% <-Total Growth 10 Stock Price
Increase -7.21% 21.43% -0.06% -6.12% -26.25% 24.93% 21.13% 7.00% 24.17% 22.31% -9.46% -5.18% 0.13% 46.67% -1.48% 8.62% <-IRR #YR-> 10 Stock Price 128.66%
P/E Ratio 9.48 22.20 14.32 -2.61 25.86 31.76 15.99 11.30 11.60 13.18 12.65 10.85 10.82 54.08 12.76 9.05% <-IRR #YR-> 5 Stock Price 54.21%
Trailing P/E Ratio 10.73 11.51 22.18 13.44 -1.93 32.31 38.47 17.11 14.03 14.19 11.93 12.00 10.86 15.87 53.28 10.96 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 12.00 P/E:  12.91 12.65 7.63 P/E Ratio Historical Low
-$20.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $46.51
Free Cash Flow Mkt Sc $1,293 $1,474 $1,031 $1,369 $1,487 $1,487 $1,215 $543 $580
Change 14.00% -30.05% 32.78% 8.62% 0.00% -18.29% -55.31% 6.72%
Free Cash Flow WSJ $1,238 $1,422 $982 $1,322 $1,430 $1,159 $1,215 <-Total Growth 5 Free Cash Flow WSJ
Change 14.86% -30.94% 34.62% 8.17% -18.95% 4.83% 8.17% <-Median-> 5 Change
$560 <-12 mths -48.64%
Free Cash Flow MS old $621 $225 $194 $592 $451 $1,465 $1,201 $1,327 $848 $1,276 Free Cash Flow MS old
Change -63.77% -13.78% 205.15% -23.82% 224.83% -18.02% 10.49% -36.10% 50.47% Change
Free Cash Flow MS $237 $204 $510 $260 $90 $410 $340 $890 $990 $1,090 $870 $1,060 $1,000 $950 $1,215 265.38% <-Total Growth 10 Free Cash Flow MS
Change 20.92% -13.92% 150.00% -49.02% -65.38% 355.56% -17.07% 161.76% 11.24% 10.10% -20.18% 21.84% -5.66% -5.00% 27.89% -0.82% <-IRR #YR-> 5 Free Cash Flow MS
FCF/CF from Op Ratio 0.30 0.26 0.44 0.29 0.13 0.47 0.38 0.43 0.53 0.52 0.54 0.51 0.47 0.50 0.64 13.83% <-IRR #YR-> 10 Free Cash Flow MS
Dividends paid $65.2 $83.3 $99.7 $109 $111 $114.0 $119.5 $129.7 $139.4 $156.8 $170.2 $181.7 $192 $203 $218 86.24% <-Total Growth 10 Dividends paid
Percentage paid 27.51% 40.83% 19.55% 41.92% 123.33% 27.80% 35.15% 14.57% 14.08% 14.39% 19.56% 17.14% 19.20% 21.37% 17.98% 19.38% <-Median-> 10 Percentage paid
5 Year Covrage 27.49% 29.73% 35.99% 35.08% 34.36% 29.31% 22.56% 17.73% 17.12% 15.87% 16.77% 18.18% 18.95% 5 Year Covrage
Dividend Coverage Ratio 3.63 2.45 5.11 2.39 0.81 3.60 2.85 6.86 7.10 6.95 5.11 5.83 5.21 4.68 5.56 5.16 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 3.64 3.36 2.78 2.85 2.91 3.41 4.43 5.64 5.84 6.30 5.96 5.50 5.28 5 Year of Coverage
Market Cap $4,659.9 $6,335.3 $8,074.6 $5,770.4 $5,713.3 $6,746.0 $8,099.6 $8,269.7 $10,262.7 $11,145.3 $9,215.2 $7,763.2 $11,910.5 $10,473.4 $10,912.6 $10,912.6 $12,131.1 81.50% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 204.250 240.6 277.2 274.0 272.0 272.1 272.6 271.4 269.3 266.2 259.4 248.4 238.6 230.4 230.4 -15.93% <-Total Growth 10 Diluted
Change 0.03% 17.80% 15.21% -1.15% -0.73% 0.04% 0.18% -0.44% -0.78% -1.16% -2.55% -4.24% -3.94% -3.46% 0.00% -0.97% <-Median-> 10 Change
Difference Diluted/Basic -0.20% -0.19% -0.08% -0.04% -0.04% -0.11% -0.26% -0.37% -0.36% -0.38% -0.23% -0.16% -0.30% -0.27% -0.27% -0.26% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 203.846 240.148 276.988 273.9 271.9 271.8 271.9 270.4 268.3 265.2 258.8 248.0 237.9 229.7 229.7 -16.13% <-Total Growth 10 Basic Earnings per
Change 0.00% 17.81% 15.34% -1.11% -0.73% -0.04% 0.04% -0.55% -0.77% -1.18% -2.40% -4.17% -4.07% -3.44% 0.00% -0.97% <-Median-> 10 Change Share notes
Difference Basic/Outstanding 0.00% 15.32% 0.00% -0.81% -0.08% -0.04% -0.04% -0.48% -1.07% -0.94% -2.12% -2.39% -2.22% -1.95% -1.95% -1.00% <-Median-> 10 Difference Basic/Outstanding
# of Share in Millions 67.949 92.310 92.333
Non-Voting Class A 101.063 174.148 178.862 173.538 173.538 173.548 173.661 170.971 167.323 164.536 155.165 143.932 134.488 127.096 127.096 127.096 127.096 -26.76% <-Total Growth 10 Non-Voting Class A
Class B Common 102.782 102.782 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 98.138 0.00% <-Total Growth 10 Class B Common
# of Share in Millions 203.846 276.931 277.000 271.676 271.676 271.686 271.800 269.109 265.461 262.674 253.303 242.070 232.626 225.234 225.234 225.234 225.234 -1.86% <-IRR #YR-> 10 Shares -17.09%
Change 0.00% 35.85% 0.03% -1.92% 0.00% 0.00% 0.04% -0.99% -1.36% -1.05% -3.57% -4.43% -3.90% -3.18% 0.00% 0.00% 0.00% -3.23% <-IRR #YR-> 5 Shares -15.15%
Cash Flow from Operations $M $788.1 $787.4 $1,160.5 $896.8 $708.5 $879.7 $885.6 $2,089.4 $1,859.6 $2,107.1 $1,605.3 $2,074.3 $2,127 $1,911 $1,911.0 <-12 mths 113.09% <-Total Growth 10 Cash Flow
Increase -3.25% -0.09% 47.38% -22.72% -21.00% 24.16% 0.67% 135.93% -11.00% 13.31% -23.81% 29.22% 2.54% -10.16% 0.00% <-12 mths Conv B to A Share Issues, SO Buy Backs
5 year Running Average $746.3 $772.2 $847 $889 $868 $887 $906 $1,092 $1,285 $1,564 $1,709 $1,947 $1,955 $1,965 $1,925.7 <-12 mths 120.91% <-Total Growth 10 CF 5 Yr Running
CFPS $3.87 $2.84 $4.19 $3.30 $2.61 $3.24 $3.26 $7.76 $7.01 $8.02 $6.34 $8.57 $9.14 $8.48 $8.48 <-12 mths 157.03% <-Total Growth 10 Cash Flow per Share
Increase -3.25% -26.46% 47.35% -21.21% -21.00% 24.16% 0.63% 138.29% -9.78% 14.51% -21.00% 35.21% 6.70% -7.21% 0.00% <-12 mths 7.86% <-IRR #YR-> 10 Cash Flow 113.09%
5 year Running Average $3.65 $3.58 $3.65 $3.64 $3.36 $3.24 $3.32 $4.03 $4.77 $5.86 $6.48 $7.54 $7.82 $8.11 $8.20 <-12 mths 0.55% <-IRR #YR-> 5 Cash Flow 2.76%
P/CF on Med Price 5.27 8.69 6.36 7.74 7.20 6.93 8.26 3.97 5.05 5.14 6.04 4.21 4.53 6.15 5.75 <-12 mths 9.90% <-IRR #YR-> 10 Cash Flow per Share 157.03%
P/CF on Closing Price 5.91 8.05 6.96 6.43 8.06 7.67 9.15 3.96 5.52 5.29 5.74 3.74 5.60 5.48 5.71 <-12 mths 3.91% <-IRR #YR-> 5 Cash Flow per Share 21.12%
2.15% Diff M/C 8.34% <-IRR #YR-> 10 CFPS 5 yr Running 122.88%
Excl.Working Capital CF $153.9 $173.2 $105.9 $248.8 $97.9 -$10.4 $55.7 -$236.4 $279.5 $159.4 $627.8 $184.3 $213 $488 $0 <-12 mths 11.18% <-IRR #YR-> 5 CFPS 5 yr Running 69.88%
CF fr Op $M WC $942.0 $960.6 $1,266.4 $1,145.6 $806.4 $869.3 $941.3 $1,853.0 $2,139.1 $2,266.5 $2,233.1 $2,258.6 $2,340.0 $2,399.0 $1,911.0 <-12 mths 109.41% <-Total Growth 10 Cash Flow less WC
Increase 9.60% 1.97% 31.83% -9.54% -29.61% 7.80% 8.28% 96.86% 15.44% 5.96% -1.47% 1.14% 3.60% 2.52% -20.34% <-12 mths 7.67% <-IRR #YR-> 10 Cash Flow less WC 109.41%
5 year Running Average $750.3 $820.0 $941.3 $1,034.8 $1,024.2 $1,009.7 $1,005.8 $1,123.1 $1,321.8 $1,613.8 $1,886.6 $2,150.1 $2,247.5 $2,299.4 $2,228.3 <-12 mths 2.32% <-IRR #YR-> 5 Cash Flow less WC 12.15%
CFPS Excl. WC $4.62 $3.47 $4.57 $4.22 $2.97 $3.20 $3.46 $6.89 $8.06 $8.63 $8.82 $9.33 $10.06 $10.65 $8.48 <-12 mths 8.31% <-IRR #YR-> 10 CF less WC 5 Yr Run 122.21%
Increase 9.60% -24.94% 31.80% -7.77% -29.61% 7.80% 8.24% 98.82% 17.03% 7.08% 2.17% 5.84% 7.81% 5.89% -20.34% <-12 mths 11.71% <-IRR #YR-> 5 CF less WC 5 Yr Run 73.96%
5 year Running Average $3.67 $3.77 $4.04 $4.22 $3.97 $3.69 $3.68 $4.15 $4.91 $6.05 $7.17 $8.34 $8.98 $9.50 $9.47 <-12 mths 9.71% <-IRR #YR-> 10 CFPS - Less WC 152.59%
P/CF on Median Price 4.41 7.12 5.83 6.06 6.33 7.01 7.77 4.48 4.39 4.78 4.34 3.87 4.12 4.90 5.75 <-12 mths 5.74% <-IRR #YR-> 5 CFPS - Less WC 32.18%
P/CF on Closing Price 4.95 6.60 6.38 5.04 7.09 7.76 8.60 4.46 4.80 4.92 4.13 3.44 5.09 4.37 5.71 <-12 mths 8.45% <-IRR #YR-> 10 CFPS 5 yr Running 125.10%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 5.59 5 yr  5.14 P/CF Med 10 yr 4.63 5 yr  4.34 23.35% Diff M/C 14.08% <-IRR #YR-> 5 CFPS 5 yr Running 93.23%
-$3.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.48 Cash Flow per Share
-$7.01 $0.00 $0.00 $0.00 $0.00 $8.48 Cash Flow per Share
-$3.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.11 CFPS 5 yr Running
-$4.77 $0.00 $0.00 $0.00 $0.00 $8.11 CFPS 5 yr Running
-$1,145.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,399.0 Cash Flow less WC
-$2,139.1 $0.0 $0.0 $0.0 $0.0 $2,399.0 Cash Flow less WC
-$1,034.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,299.4 CF less WC 5 Yr Run
-$1,321.8 $0.0 $0.0 $0.0 $0.0 $2,299.4 CF less WC 5 Yr Run
-$4.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.65 CFPS - Less WC
-$8.06 $0.00 $0.00 $0.00 $0.00 $10.65 CFPS - Less WC
OPM Ratio 4.47% 3.75% 4.85% 3.64% 2.98% 3.63% 3.52% 7.86% 6.58% 6.99% 5.27% 6.75% 6.80% 5.98% 5.80% 64.20% <-Total Growth 10 OPM
Increase -10.74% -16.18% 29.30% -24.89% -18.30% 22.07% -3.04% 123.10% -16.29% 6.19% -24.60% 28.15% 0.76% -12.05% -3.03% Should increase  or be stable.
Diff from Median -28.7% -40.3% -22.8% -42.0% -52.6% -42.1% -43.9% 25.1% 4.8% 11.2% -16.1% 7.5% 8.3% -4.8% -7.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 6.28% 5 Yrs 6.75% should be  zero, it is a   check on calculations
$2,541 <-12 mths 1.65%
Adjusted EBITDA $942.9 $1,055.6 $1,327.9 $1,164.4 $796.9 $1,014.7 $1,076.2 $1,892.4 $2,143.8 $2,330.8 $2,322.1 $2,327.8 $2,423 $2,500 $2,641 $2,751 $2,824 114.70% <-Total Growth 10 Adjusted EBITDA
Change #DIV/0! 11.95% 25.80% -12.31% -31.56% 27.33% 6.06% 75.84% 13.28% 8.72% -0.37% 0.25% 4.09% 3.18% 5.64% 4.17% 2.65% 5.08% <-Median-> 10 Change
Margin 5.35% 5.03% 5.55% 4.73% 3.35% 4.19% 4.28% 7.12% 7.58% 7.73% 7.62% 7.57% 7.75% 7.82% 8.02% 8.10% 8.10% 7.58% <-Median-> 10 Margin
$1,332 <-12 mths 0.00%
EBIT $1,364 $1,292 $1,257 $1,256 $1,332 $1,430 $1,494 $1,523 <-Total Growth 4 EBIT
Change -5.28% -2.71% -0.08% 6.05% 7.36% 4.48% 1.94% -1.39% <-Median-> 4 Change
Margin 4.52% 4.24% 4.09% 4.02% 4.17% 4.34% 4.40% 4.37% 4.17% <-Median-> 5 Margin
Long Term Debt 915.9 $3,279.9 $2,284.1 $2,352.9 $1,870.8 $1,139.5 $1,984.4 $1,871.7 $1,178.8 $595.7 $911.3 $981.9 $857 $1,053 $1,053 -123.45% <-Total Growth 10 Debt Type
Change 3.01% 258.11% -30.36% 3.01% -20.49% -39.09% 74.15% -5.68% -37.02% -49.47% 52.98% 7.75% -12.72% 22.87% 0.00% -9.20% <-Median-> 10 Change Lg Term R
Debt/Market Cap Ratio 0.20 0.52 0.28 0.41 0.33 0.17 0.24 0.23 0.11 0.05 0.10 0.13 0.07 0.10 0.10 0.12 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Deposits/Total Debt Ratio 3.71 4.77 4.62 3.35 3.49 2.92 3.58 3.60 4.35 3.91 3.89 4.31 4.16 4.14 4.43 3.90 <-Median-> 10 Assets/Current Liabilities Liquidity
Debt to Cash Flow (Years) 1.16 4.17 1.97 2.62 2.64 1.30 2.24 0.90 0.63 0.28 0.57 0.47 0.40 0.55 0.55 0.60 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $490.5 $950.8 $943.0 $911.5 $880.5 $842.0 $1,062.0 $968.8 $976.0 $1,338.5 $1,375.6 $1,348.4 $1,359 $1,327 $1,327 45.58% <-Total Growth 10 Intangibles Leverage
Goodwill $1,310.4 $4,134.0 $3,799.2 $962.2 $1,003.4 $101.9 $1,571.5 $1,573.7 $1,577.8 $2,059.0 $2,067.8 $2,064.2 $2,055 $2,056 $2,056 113.68% <-Total Growth 10 Goodwill D/E Ratio
Total $1,800.9 $5,084.8 $4,742.2 $1,873.7 $1,883.9 $943.9 $2,633.5 $2,542.5 $2,553.8 $3,397.5 $3,443.4 $3,412.6 $3,414 $3,383 $3,383 80.55% <-Total Growth 10 Total
Change 2.10% 182.35% -6.74% -60.49% 0.54% -49.90% 179.00% -3.46% 0.44% 33.04% 1.35% -0.89% 0.04% -0.91% 0.00% 0.24% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.39 0.80 0.59 0.32 0.33 0.14 0.33 0.31 0.25 0.30 0.37 0.44 0.29 0.32 0.31 0.32 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $1,960.4 $2,605.2 $2,275.9 $2,604.1 $2,166.5 $2,496.0 $2,636.5 $3,255.5 $3,193.5 $3,212.7 $2,955.0 $3,103.6 $3,134 $3,390 $3,390 Liquidity ratio of 1.5 and up, best Quick Ratio
Current Liabilities $1,925.2 $2,567.4 $2,482.7 $2,710.6 $2,490.7 $2,962.3 $2,681.3 $4,060.2 $3,488.2 $4,239.7 $4,239.7 $3,891.3 $4,096 $4,128 $3,858 0.81 <-Median-> 10 Ratio
Liquidity Ratio 1.02 1.01 0.92 0.96 0.87 0.84 0.98 0.80 0.92 0.76 0.70 0.80 0.77 0.82 0.88 0.77 <-Median-> 5 Ratio
Liq. with CF aft div 1.39 1.28 1.34 1.25 1.11 1.10 1.27 1.28 1.41 1.22 1.04 1.29 1.24 1.24 1.32 1.24 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.08 0.44 1.34 1.02 1.09 0.97 0.90 1.18 1.23 1.01 0.89 1.11 1.08 1.09 1.32 1.08 <-Median-> 5 Ratio
Curr Long Term Debt $47.6 $218.0 $53.9 $341.4 $341.4 $527.4 $36.5 $36.5 $46.5 $581.0 $581.0 $113.5 $225 $195 $195
Liquidity Less CLTD 1.04 1.11 0.94 1.10 1.01 1.03 1.00 0.81 0.93 0.88 0.81 0.82 0.81 0.86 0.93 0.82 <-Median-> 5 Ratio
Liq. with CF aft div 1.43 1.40 1.37 1.43 1.29 1.34 1.29 1.30 1.43 1.41 1.20 1.32 1.31 1.30 1.39 1.31 <-Median-> 5 Ratio
Assets $7,140.1 $12,238.0 $11,473.4 $9,087.5 $8,695.5 $8,662.0 $9,602.4 $14,632.9 $15,173.9 $16,593.6 $16,483.7 $16,790.3 $17,019 $17,080 $17,080 Debt Ratio of 1.5 and up, best Current Ratio
Liabilities $3,382.6 $6,496.5 $5,436.5 $5,407.4 $4,992.8 $4,892.2 $5,519.4 $10,619.0 $10,675.9 $11,459.7 $11,147.0 $11,321.7 $11,475 $11,928 $11,928 1.48 <-Median-> 10 Ratio
Debt Ratio 2.11 1.88 2.11 1.68 1.74 1.77 1.74 1.38 1.42 1.45 1.48 1.48 1.48 1.43 1.43 1.48 <-Median-> 5 Ratio
Total Book Value $3,757.5 $5,741.5 $6,036.9 $3,680.1 $3,702.7 $3,769.8 $4,083.0 $4,013.9 $4,498.0 $5,133.9 $5,336.7 $5,468.6 $5,544 $5,152
Preferred Shares $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0 $0
NCI $31.3 $41.0 $53.1 $53.1 $58.5 $67.0 $79.7 $89.3 $125.3 $125.3 $136.3 $127.5 $134 $149
Book Value $3,726.2 $5,700.5 $5,983.8 $3,627.0 $3,644.2 $3,702.8 $4,003.3 $3,924.6 $4,372.7 $5,008.6 $5,200.4 $5,341.1 $5,410 $5,003 $5,003 $5,003 $5,003 37.94% <-Total Growth 10 Book Value
Book Value per share $18.28 $20.58 $21.60 $13.35 $13.41 $13.63 $14.73 $14.58 $16.47 $19.07 $20.53 $22.06 $23.26 $22.21 $22.21 $22.21 $22.21 66.38% <-Total Growth 10 Book Value per Share
Change 9.71% 12.61% 4.94% -38.20% 0.47% 1.60% 8.07% -0.99% 12.95% 15.76% 7.67% 7.47% 5.40% -4.49% 0.00% 0.00% 0.00% 65.81% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.11 1.20 1.23 1.91 1.40 1.65 1.83 2.11 2.15 2.16 1.86 1.64 1.78 2.35 2.20 0.01 0.00 1.32 P/B Ratio Historical Median
P/B Ratio (Close) 1.25 1.11 1.35 1.59 1.57 1.82 2.02 2.11 2.35 2.23 1.77 1.45 2.20 2.09 2.18 2.18 2.42 5.22% <-IRR #YR-> 10 Book Value per Share 66.38%
Change 8.48% -11.13% 21.42% 17.90% -1.46% 16.21% 11.05% 4.15% 11.38% -5.19% -20.37% -17.98% 51.47% -4.91% 4.19% 0.00% 11.17% 6.16% <-IRR #YR-> 5 Book Value per Share 34.85%
Leverage (A/BK) 1.92 2.15 1.92 2.51 2.39 2.34 2.40 3.73 3.47 3.31 3.17 3.14 3.15 3.41 3.41 3.17 <-Median-> 5 A/BV
Debt/Equity Ratio 0.91 1.14 0.91 1.49 1.37 1.32 1.38 2.71 2.44 2.29 2.14 2.12 2.12 2.38 2.38 2.14 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.85 5 yr Med 1.86 18.22% Diff M/C 2.94 Historical Leverage (A/BK)
-$13.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.21
-$16.47 $0.00 $0.00 $0.00 $0.00 $22.21
Comprehensive Income $403.6 $282.4 $396.9 -$2,103.7 $153.5 $190.2 $466.7 $593.1 $793.9 $856.8 $739.0 $762.4 $740 $223 110.60% <-Total Growth 10 Comprehensive Income
NCI $9.1 $8.0 $17.9 $16.4 $14.0 $20.3 $29.1 $29.3 $62.7 $65.5 $41.7 $37.4 $46 $48 NCI
Preferred Shares (or Both) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0 $0 Preferred Shares (or Both)
Shareholders $394.5 $274.4 $379.0 -$2,120.1 $139.5 $169.9 $437.6 $563.8 $731.2 $791.3 $697.3 $725.0 $694 $175 108.25% <-Total Growth 10 Shareholders
Increase 32.34% -30.44% 38.12% -659.39% 106.58% 21.79% 157.56% 28.84% 29.69% 8.22% -11.88% 3.97% -4.28% -74.78% -4.28% <-Median-> 5 Comprehensive Income
5 Yr Running Average $326.0 $333.3 $344.6 -$154.8 -$186.5 -$231.5 -$198.8 -$161.9 $408.4 $538.8 $644.2 $701.7 $728 $617 #NUM! <-IRR #YR-> 10 Comprehensive Income 108.25%
ROE 10.6% 4.8% 6.3% -58.5% 3.8% 4.6% 10.9% 14.4% 16.7% 15.8% 13.4% 13.6% 12.8% 3.5% -24.87% <-IRR #YR-> 5 Comprehensive Income -76.07%
5Yr Median 10.6% 10.6% 8.8% 6.3% 4.8% 4.6% 4.6% 4.6% 10.9% 14.4% 14.4% 14.4% 13.6% 13.4% #NUM! <-IRR #YR-> 10 5 Yr Running Average 498.22%
% Difference from NI 2.52% 16.57% -9.55% 0.51% -11.99% 6.52% 12.99% -3.38% 4.23% 6.10% 1.65% -0.03% -0.86% -11.62% 8.59% <-IRR #YR-> 5 5 Yr Running Average 50.96%
Median Values Diff 5, 10 yr 0.8% 0.0% 13.4% <-Median-> 5 Return on Equity
$2,120 $0 $0 $0 $0 $0 $0 $0 $0 $0 $175
-$731 $0 $0 $0 $0 $175
$155 $0 $0 $0 $0 $0 $0 $0 $0 $0 $617
-$408 $0 $0 $0 $0 $617
Current Liability Coverage Ratio 0.41 0.31 0.47 0.33 0.28 0.30 0.33 0.51 0.53 0.50 0.38 0.53 0.52 0.46 0.50   CFO / Current Liabilities
5 year Median 0.39 0.38 0.40 0.40 0.33 0.31 0.33 0.33 0.33 0.50 0.50 0.51 0.52 0.50 0.50 0.50 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 11.04% 6.43% 10.11% 9.87% 8.15% 10.16% 9.22% 14.28% 12.26% 12.70% 9.74% 12.35% 12.50% 11.19% 11.19% CFO / Total Assets
5 year Median 11.16% 11.04% 10.47% 10.11% 9.87% 9.87% 9.87% 9.87% 10.16% 12.26% 12.26% 12.35% 12.35% 12.35% 11.19% 12.4% <-Median-> 5 Return on Assets 
Return on Assets ROA 5.39% 1.92% 3.65% -23.45% 1.82% 1.84% 4.03% 3.99% 4.62% 4.49% 4.16% 4.32% 4.11% 1.16% 4.73% Net  Income/Assets Return on Assets
5Yr Median 4.91% 4.91% 4.91% 3.65% 1.92% 1.84% 1.84% 1.84% 3.99% 4.03% 4.16% 4.32% 4.32% 4.16% 4.16% 4.2% <-Median-> 5 Return on Assets
Return on Equity ROE 10.33% 4.13% 7.00% -58.75% 4.35% 4.31% 9.67% 14.87% 16.04% 14.89% 13.19% 13.58% 12.94% 3.96% 16.16% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 10.24% 10.24% 9.99% 7.00% 4.35% 4.31% 4.35% 4.35% 9.67% 14.87% 14.87% 14.87% 13.58% 13.19% 13.19% 13.2% <-Median-> 5 Return on Equity
$226 <-12 mths 13.92% Estimates last 12 months from Qtr.
Net Income $393.9 $243.4 $436.9 -$2,114.6 $172.5 $179.8 $416.4 $612.9 $764.2 $811.3 $727.7 $762.6 $746 $246 111.63% <-Total Growth 10 Net Income
NCI $9.1 $8.0 $17.9 $16.4 $14.0 $20.3 $29.1 $29.3 $62.7 $65.5 $41.7 $37.4 $46 $48 NCI
Preferred Shares (or Both) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0 $0 Preferred Shares (or Both)
Shareholders $384.8 $235.4 $419.0 -$2,131.0 $158.5 $159.5 $387.3 $583.6 $701.5 $745.8 $686.0 $725.2 $700 $198 $809 $872 109.29% <-Total Growth 10 Shareholders
Increase 13.38% -38.83% 77.99% -608.59% 107.44% 0.63% 142.82% 50.67% 20.21% 6.32% -8.02% 5.71% -3.47% -71.71% $20.3 $20.3 EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $332.3 $326.2 $350 -$150 -$187 -$232 -$201 -$168 $398 $516 $621 $688 $712 $611 $0.0 $0.0 #NUM! <-IRR #YR-> 10 Net Income 109.29%
Operating Cash Flow $788.1 $787.4 $1,160.5 $896.8 $708.5 $879.7 $885.6 $2,089.4 $1,859.6 $2,107.1 $1,605.3 $2,074.3 $2,127.0 $1,911.0 -22.35% <-IRR #YR-> 5 Net Income -71.77%
Investment Cash Flow -$555.3 -$4,867.7 $146.6 -$622.6 -$35.7 -$394.0 -$1,094.0 -$376.3 -$502.3 -$891.4 -$684.7 -$608.5 -$597 -$550 #NUM! <-IRR #YR-> 10 5 Yr Running Average 506.03%
Total Accruals $152.0 $4,315.7 -$888.1 -$2,405.2 -$514.3 -$326.2 $595.7 -$1,129.6 -$655.8 -$469.9 -$234.6 -$740.6 -$830 -$1,163 8.95% <-IRR #YR-> 5 5 Yr Running Average 53.49%
Total Assets $7,140.1 $12,238.0 $11,473.4 $9,087.5 $8,695.5 $8,662.0 $9,602.4 $14,632.9 $15,173.9 $16,593.6 $16,483.7 $16,790.3 $17,019 $17,080 Balance Sheet Assets
Accruals Ratio 2.13% 35.26% -7.74% -26.47% -5.91% -3.77% 6.20% -7.72% -4.32% -2.83% -1.42% -4.41% -4.88% -6.81% -4.41% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.41 0.28 0.33 -1.85 0.20 0.18 0.41 0.31 0.32 0.32 0.30 0.31 0.29 0.08 0.31 <-Median-> 10 EPS/CF Ratio
$2,131 $0 $0 $0 $0 $0 $0 $0 $0 $0 $198
-$702 $0 $0 $0 $0 $198
$150 $0 $0 $0 $0 $0 $0 $0 $0 $0 $611
-$398 $0 $0 $0 $0 $611
Change in Close 19.02% 0.07% 27.42% -27.14% -0.99% 18.07% 20.02% 3.12% 25.81% 9.75% -14.26% -11.85% 59.65% -9.18% 4.19% 0.00% 11.17% count 36 Change in Close
up/down down up up down down up up count 8
Meet Prediction? yes % right count 2 25.00%
Financial Cash Flow -$287.8 $4,054.4 -$1,440.5 -$305.4 -$730.2 -$419.7 $133.8 -$1,258.0 -$1,475.2 -$1,293.9 -$1,511.6 -$1,427.5 -$1,505 -$1,355 C F Statement  Financial Cash Flow
Total Accruals $439.8 $261.3 $552.4 -$2,099.8 $215.9 $93.5 $461.9 $128.5 $819.4 $824.0 $1,277.0 $686.9 $675 $192 Accruals
Accruals Ratio 6.16% 2.14% 4.81% -23.11% 2.48% 1.08% 4.81% 0.88% 5.40% 4.97% 7.75% 4.09% 3.97% 1.12% 4.09% <-Median-> 5 Ratio
Cash $455.2 $429.3 $295.9 $264.7 $207.3 $627.9 $553.3 $1,008.4 $890.5 $812.3 $221.3 $259.6 $285 $291 $291 Cash
Cash per Share $2.23 $1.55 $1.07 $0.97 $0.76 $2.31 $2.04 $3.75 $3.35 $3.09 $0.87 $1.07 $1.23 $1.29 $1.29 $1.23 <-Median-> 5 Cash per Share
Percentage of Stock Price 9.77% 6.78% 3.66% 4.59% 3.63% 9.31% 6.83% 12.19% 8.68% 7.29% 2.40% 3.34% 2.39% 2.78% 2.67% 2.78% <-Median-> 5 % of Stock Price
Notes
June 29, 2026.  Last estimates were for 2026, 2027 of $32339M, $33335M Revenue, $3.30, $3.58 AEPS, 
$3.29, $3.57 EPS, $0.88, $0.96 Dividends, $525M, $701M FCF, $2446M, $2669M EBITDA, $795M, $830M Net Income.
June 29, 2025.  Last estimates were for 2025, 2025 of $31140M, $32008M Revenue, $2.99, $3.27 AEPS, 
$2.99, $3.27 EPS, $0.80, $0.87 Dividends, $494M, $609M FCF, $7.91 2025, $2409M, $2497M EBITDA, $757M, $828M Net Income.
June 23, 2024.  Last estimates were for 2024 and 2025 of $31098M, $31964M Revenue, $3.07, $3.37 AEPS, $3.03, $3.33 EPS, $0.73, $0.80 Dividend, 
$458M, $492M FCF, $7.22, $7.91 CFPS, $796M, $875M Net Income.
June 24, 2023.  Last estimates were for 2023, and 2024 of $30742M, $31382M for Revenue, $3.06, $3.32 for EPS, $0.66 and $0.72 for Dividends, 
$420M and $582M for FCF, $6.96 and $6.96 for CFPS.
June 26, 2022.  Last estimates were for 2022 and 2023 of $29536M and $30173M for Revenue, $2.72 and $3.09 for EPS, 
$0.59 and $0.64 for Dividends $429M and $627M for FCF, and $6.23 and $6.97 for CFPS.
June 26, 2021.  Last estimates were for 2021 and 2022 of $27149M and $27166M for Revenue, $2.36 and $2.39 for Adj EPS, 
$2.26 and $2.45 fopr EPS, $0.52 and $0.56 for Dividends, $359M and $513M for FCF, $5.30 and $5.52 for CFPS.
June 26, 2020.  Last estimates were for 2020 and 2021 of $26193M and $26761M for Revnue $2.07 and 2.17 for Adjusted EPS, 
$2.08 $2.27 and $2.45 for EPS for 2020, 2021 and 2023, $0.48 and $0.48 for Div, $3.60 and $3.86 for CFPS.
July 7, 2019.  Last estimates were for 2019, 2020 and 2121 of $24507M, $24926M and $25556M for Revenue, $1.52 and 1.91 for Adjusted EPS for 2019 and 2020,
 $1.56, 1.88 and 2.17 for EPS, $3.28, $3.23 and $3.51 for CFPS, and $413M and $521M for Net Income for 2019 and 2020./td>
July 7, 2018.  Last estates were for 2018, 2019 and 2020 of $24159M, $24693M and $25244M for Revenue, $0.86, $1.30 and $1.79 for Adjust Net EPS, 
$0.28 and $1.15 for EPS for 2018 and 2019, $1.95 and $3.97 for CFPS for 2018 and 2019
July 4, 2017.  Last estimates were for 2017, 2018 and 2019 of $24422M, $24892M and $25624M for Revenue, $1.38 and $1.47 for Adjusted EPS for 2017 and 2018, 
July 2, 2016.  Last estimates were for 2016, 2017 and 2018 of $24288M, $24634M and $25087M for Revenue, $-3.94, $1.59 and $1.88 for EPS, $3.30, $3.48 and $3.80 for CFPS
April 31, 2016.  I have started to follow this stock and did the spreadsheet.
Thgere are two types of shares, Class A non-voting and Class B common or voting shares.
They have been increasing their dividends since 1995.
Sector:
Conssumer Staple, Consumer
What should this stock accomplish?
Low dividend yield and moderate to good dividend growth.  
Would I buy this company and Why.
This is a dividend growth stock with a low dividend and moderate dividend increases.  
This is the sort of company I like to buy.
Why am I following this stock. 
I have known about this stock for some time before I decided to follow it.  This stock has a financial year ending in end of April or first of May each year.
Dividends
Dividends are paid in Cycle 1 in April, July, October, and January .  Dividends are declared for a record date and payment date of the following month.
For exaple, the dividend payable on April 30, 2015 was Declared on 12 March 2015 for sharesholders of record of 15 April 2015.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Food retailing segment is comprised of three 
operating segments: Sobeys National, Farm Boy and Longo's. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
Shares; '%, Value $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 Shares %, Val $M Change
Date Jul 7 2018 Jul 7 2019 Jun 26 2020 Jun 26 2021 Jun 26 2022 Jun 24 2023 Jun 23 2024 Jun 29 2025 Jun 29 2026
St. Laurent, Pierre 0.000 0.00% 0.000 0.00% B #DIV/0!
CEO - Shares - Amount $0.000 $0.000 B
Shares-percentage 0.000 0.00% 0.005 0.00% A #DIV/0!
Shares - Amount $0.000 $0.245 A
Options - percentage 0.403 0.18% 0.477 0.21% 18.40%
Options - amount $18.728 $23.103
Medline, Michael Bennett 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% B Nominal 1 share Cl B -100.00%
CEO - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 B
Shares-percentage 0.048 0.03% 0.081 0.05% 0.081 0.05% 0.109 0.07% 0.116 0.07% 0.126 0.09% 0.160 0.12% 0.159 0.13% A -100.00%
Shares - Amount $1.424 $2.478 $3.117 $4.610 $4.208 $4.053 $8.168 $7.405 A
Options - percentage 0.518 0.19% 1.981 0.74% 2.236 0.84% 2.045 0.78% 2.083 0.82% 0.403 0.17% 2.531 1.09% 2.678 1.19% -100.00%
Options - amount $15.442 $60.888 $86.443 $86.765 $75.773 $12.919 $129.594 $124.536
Pefanis, Constantine 0.030 0.02% 0.036 0.03% A 21.00%
CFO - Shares - Amount $1.395 $1.759 A
Options - percentage 0.020 0.02% 0.045 0.02% 128.23%
Options - amount $0.918 $2.183
Reindel, Matthew 0.003 0.00% 0.003 0.00% 0.006 0.00% 0.006 0.00% A
CFO - Shares - Amount $0.120 $0.106 $0.290 $0.264 A
Options - percentage 0.079 0.03% 0.118 0.05% 0.172 0.07% 0.204 0.09%
Options - amount $2.858 $3.772 $8.818 $9.467
Vels, Michael Harold 0.025 0.01% 0.035 0.01% 0.080 0.05% 0.100 0.06% 0.101 0.07% Appointed CFO June 2017
Officer - Shares - Amount $0.745 $1.076 $3.084 $4.228 $3.674 Exec VP 2022
Options - percentage 0.246 0.09% 0.448 0.17% 0.502 0.19% 0.404 0.15% 0.345 0.14% Ceased insider Dec 22
Options - amount $7.339 $13.777 $19.419 $17.129 $12.569
Nathanson, Douglas Bigler 0.002 0.00% 0.002 0.00% 0.018 0.01% 0.018 0.01% 0.018 0.01% 0.021 0.02% 0.021 0.02% 0.018 0.01% A -15.30%
Officer - Shares - Amount $0.075 $0.095 $0.761 $0.671 $0.591 $1.071 $0.973 $0.858 A
Options - percentage 0.132 0.05% 0.163 0.06% 0.131 0.05% 0.124 0.05% 0.155 0.06% 0.198 0.09% 0.225 0.10% 0.180 0.08% -19.86%
Options - amount $4.054 $6.306 $5.549 $4.511 $4.964 $10.157 $10.440 $8.718
Gagne, Simon 0.012 0.00% 0.014 0.01% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% A Last report Aug 2025 #DIV/0!
Officer - Shares - Amount $0.360 $0.543 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 A
Options - percentage 0.499 0.19% 0.474 0.18% 0.336 0.13% 0.301 0.12% 0.292 0.12% 0.352 0.15% 0.380 0.17% 0.288 0.13% -24.16%
Options - amount $15.321 $18.320 $14.272 $10.945 $9.351 $18.045 $17.684 $13.974
Knox, Julia Michelle 0.000 0.00% 0.001 0.00% A #DIV/0!
Officer - Shares - Amount $0.000 $0.059 A
Options - percentage 0.109 0.09% 0.130 0.06% 19.50%
Options - amount $5.059 $6.299
Keay, Clinton David 0.010 0.01% A Was Officer 2016
Officer - Shares - Amount $0.298 A 2017 site says CFO
Options - percentage 0.197 0.07% Ceased May 2019
Options - amount $5.874
Devine, Cynthia 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% B Nominal 3 shares Cl B 0.00%
Director - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 B
Shares-percentage 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% A 0.00%
Shares - Amount $0.092 $0.116 $0.127 $0.109 $0.096 $0.154 $0.140 $0.145 A
Options - percentage 0.042 0.02% 0.048 0.02% 0.056 0.02% 0.064 0.03% 0.071 0.03% 0.077 0.03% 0.079 0.03% 0.093 0.04% 18.86%
Options - amount $1.291 $1.844 $2.385 $2.320 $2.273 $3.923 $3.656 $4.528
Sobey, John Robert 0.057 0.06% 0.057 0.06% 0.057 0.06% 0.057 0.06% 0.057 0.06% 0.057 0.06% 0.057 0.06% B #DIV/0!
Director - Shares - Amount $1.706 $1.759 $2.213 $2.428 $2.082 $1.835 $2.930 B
Shares-percentage 0.143 0.08% 0.143 0.08% 0.143 0.09% 0.143 0.09% 0.143 0.09% 0.143 0.10% 0.143 0.11% A #DIV/0!
Shares - Amount $4.247 $4.379 $5.509 $6.075 $5.209 $4.592 $7.331 A
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Sobey, Karl Rolland 7.730 7.88% 7.731 7.88% 7.731 7.88% 7.752 7.90% 7.752 7.90% 7.752 7.90% 7.752 7.90% 7.752 7.90% 7.768 7.91% B 0.20%
Director - Shares - Amount $230.364 $237.558 $298.861 $328.904 $282.006 $248.596 $396.886 $360.453 $376.338 B
Shares-percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% A #DIV/0!
Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 A
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Sobey, Robert G. C. 2.992 3.05% 3.000 3.06% 3.000 3.06% 3.051 3.11% 3.051 3.11% 3.051 3.11% 3.051 3.11% 3.051 3.11% 3.057 3.12% B Last report Mar 2024 0.20%
Director - Shares - Amount $89.162 $92.197 $115.989 $129.464 $111.004 $97.853 $156.223 $141.882 $148.135 B Not listed dir on site '21
Shares-percentage 0.552 0.32% 0.552 0.32% 0.559 0.33% 0.559 0.34% 0.559 0.36% 0.559 0.39% 0.559 0.42% 0.559 0.44% 0.559 0.44% A listed on site 2025 0.00%
Shares - Amount $16.441 $16.954 $21.613 $23.721 $20.339 $17.929 $28.624 $25.996 $27.087 A
Options - percentage 0.004 0.00% 0.005 0.00% 0.007 0.00% 0.009 0.00% 0.010 0.00% 0.012 0.00% 0.014 0.01% 0.014 0.01% 0.017 0.01% 25.52%
Options - amount $0.112 $0.168 $0.261 $0.362 $0.369 $0.377 $0.694 $0.630 $0.824
Dickson, James Malcolm 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% B Nominal 3 shares Cl B 0.00%
Chairman - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 B
Shares-percentage 0.017 0.01% 0.023 0.01% 0.023 0.01% 0.022 0.01% 0.023 0.01% 0.023 0.02% 0.023 0.02% 0.023 0.02% 0.023 0.02% A 0.00%
Shares - Amount $0.495 $0.699 $0.880 $0.948 $0.828 $0.730 $1.165 $1.058 $1.102 A
Options - percentage 0.012 0.00% 0.016 0.01% 0.020 0.01% 0.023 0.01% 0.027 0.01% 0.030 0.01% 0.032 0.01% 0.032 0.01% 0.033 0.01% 3.65%
Options - amount $0.344 $0.503 $0.763 $0.995 $0.974 $0.966 $1.650 $1.499 $1.619
Dexter, Robert P. B Ceased insider Oct 2016
Chairman - Shares - Amount B
Shares-percentage A
Shares - Amount A
Options - percentage
Options - amount
Sobey, Donald Creighton Rae 22.985 23.42% 23.048 23.49% 23.048 23.49% 23.440 23.88% 23.440 23.88% 23.440 23.88% 23.488 23.93% B 10% holder 0.20%
10% owner - Shares - Amount $684.953 $708.271 $891.043 $994.559 $852.747 $1,089.960 $1,137.994 B Last rept Jul 2020
Shares-percentage 6.083 3.50% 6.083 3.56% 6.083 3.64% 6.083 3.70% 6.083 3.92% 6.083 4.79% 6.083 4.79% A 0.00%
Shares - Amount $181.260 $186.917 $235.151 $258.083 $221.283 $282.838 $294.699 A
Options - percentage 0.012 0.00% 0.049 0.02% 0.049 0.02% 0.049 0.02% 0.049 0.02% 0.049 0.02% 0.049 0.02% 0.00%
Options - amount $0.344 $1.515 $1.905 $2.091 $1.793 $2.292 $2.388
Increase in O/S Shares 0.253 0.26% 0.040 0.04% 0.110 0.04% 0.142 0.05% 0.432 0.16% 0.046 0.02% 0.068 0.03% 0.444 0.19% 0.585 0.26% They do not tell you this In 2025 it was clear
Due to SO $6.272 $1.201 $3.369 $5.481 $18.330 $1.678 $2.196 $22.731 $27.220 info directly, so I could be
Book Value $4.800 $0.800 $2.100 $2.300 $4.000 $4.000 $1.200 $9.000 $12.000 wrong 
Insider Buying -$0.883 -$1.412 -$0.467 $0.000 -$0.445 -$0.398 -$0.030 -$0.563 -$1.024 Stock Based Compensation
Insider Selling $0.000 $1.001 $0.816 -$11.162 $9.960 $0.306 $2.591 $3.125 $8.088 in 2022
Net Insider Selling -$0.883 -$0.411 $0.348 -$11.162 $9.515 -$0.092 $2.561 $2.563 $7.063 In 2023, info was given
Net Selling % of Market Cap -0.01% 0.00% 0.00% -0.10% 0.10% 0.00% 0.02% 0.02% 0.06%
Directors 14 14 14 15 15 15 14 14 16
Women 5 36% 5 36% 5 36% 6 40% 6 40% 6 40% 5 36% 5 36% 7 44%
Minorities 1 7% 1 7% 1 7% 1 7% 1 7% 1 7% 0 0% 0 0% 1 6%
Institutions/Holdings 190 47.26% 227 42.78% 20 48.11% 20 16.75% 20 14.65% 20 13.92% 20 12.25% 20 16.23% 20 15.49% Class A only
Total Shares Held 82.023 47.23% 74.294 43.45% 130.757 49.26% 45.002 17.13% 38.497 15.20% 35.249 13.92% 29.648 22.05% 38.388 28.54% 34.861 15.48%
Increase/Decrease 3 Mths -0.627 -0.76% 1.305 1.79% 2.326 1.81% 0.076 0.03% 0.684 0.26% 1.298 0.49% -0.401 -0.15% 0.698 0.27% -0.685 -0.26%
Starting No. of Shares 82.649 72.988 Reuters 128.431 Top 20 MS 44.926 Top 20 MS 37.812 Top 20 MS 33.951 Top 20 MS 30.049 Top 20 MS 37.690 Top 20 MS 35.546 Top 20 MS
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