Cash flow Hermès International

Equities

RMS

FR0000052292

Apparel & Accessories

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11:34pm	Louis Vuitton Owner Logs Weak Sales as Middle East War Takes Toll -- 2nd Update	DJ
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Published financial data: HERMÈS INTERNATIONAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	898.2Cr	1.16TCr	1.34TCr	1.52TCr	1.6TCr
Total Revenues	898.2Cr	1.16TCr	1.34TCr	1.52TCr	1.6TCr
Cost of Goods Sold, Total	258Cr	338.9Cr	372Cr	451.1Cr	462.3Cr
Gross Profit	640.2Cr	821.3Cr	970.7Cr	1.07TCr	1.14TCr
Selling General & Admin Expenses, Total	213.7Cr	268Cr	316.9Cr	356.9Cr	370.4Cr
Stock-Based Compensation (IS)	12Cr	6.5Cr	15Cr	18Cr	20Cr
Other Operating Expenses	55Cr	65Cr	63Cr	68Cr	78Cr
Other Operating Expenses, Total	280.6Cr	339.3Cr	395.2Cr	442.8Cr	468.3Cr
Operating Income	359.6Cr	482Cr	575.5Cr	623.1Cr	669.6Cr
Interest Expense, Total	-3.2Cr	-4.5Cr	-5.6Cr	-5.9Cr	-5.5Cr
Interest And Investment Income	1.2Cr	6.7Cr	33Cr	40Cr	29Cr
Net Interest Expenses	-2Cr	2.2Cr	28Cr	34Cr	23Cr
Income (Loss) On Equity Invest.	3.4Cr	5Cr	10Cr	4.4Cr	4.7Cr
Other Non Operating Income (Expenses)	-7.7Cr	-8.4Cr	-8.3Cr	-5.7Cr	-2.4Cr
EBT, Excl. Unusual Items	353.3Cr	480.8Cr	605.2Cr	655.9Cr	695Cr
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-6.5Cr	-12Cr	-11Cr	-8.3Cr	-13Cr
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	346.8Cr	468.5Cr	594.6Cr	647.6Cr	682.3Cr
Income Tax Expense	101.5Cr	130.5Cr	162.3Cr	184.5Cr	226.3Cr
Earnings From Continuing Operations	245.3Cr	338Cr	432.3Cr	463.1Cr	456Cr
Net Income to Company	245.3Cr	338Cr	432.3Cr	463.1Cr	456Cr
Minority Interest	-80L	-1.3Cr	-1.2Cr	-2.8Cr	-3.6Cr
Net Income - (IS)	244.5Cr	336.7Cr	431.1Cr	460.3Cr	452.4Cr
Net Income to Common Incl Extra Items	244.5Cr	336.7Cr	431.1Cr	460.3Cr	452.4Cr
Net Income to Common Excl. Extra Items	244.5Cr	336.7Cr	431.1Cr	460.3Cr	452.4Cr
Per Share Items
Net EPS - Basic	23.37	32.2	41.2	43.93	43.15
Basic EPS - Continuing Operations	23.37	32.2	41.2	43.93	43.15
Basic Weighted Average Shares Outstanding	10Cr	10Cr	10Cr	10Cr	10Cr
Net EPS - Diluted	23.3	32.09	41.12	43.87	43.07
Diluted EPS - Continuing Operations	23.3	32.09	41.12	43.87	43.07
Diluted Weighted Average Shares Outstanding	10Cr	10Cr	10Cr	10Cr	11Cr
Normalized Basic EPS	21.03	28.61	36.03	38.85	41.09
Normalized Diluted EPS	20.96	28.51	35.96	38.8	41.01
Dividend Per Share	8	13	15	16	18
Payout Ratio	19.88	25.07	31.92	34.65	37.68
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	390.8Cr	508.6Cr	604.4Cr	655.8Cr	704.1Cr
EBITA	368.3Cr	482.8Cr	576.1Cr	623.7Cr	670.1Cr
EBIT	359.6Cr	482Cr	575.5Cr	623.1Cr	669.6Cr
EBITDAR	429.1Cr	556.5Cr	660.9Cr	716.7Cr	766.7Cr
Effective Tax Rate - (Ratio)	29.27	27.85	27.3	28.49	33.17
Total Current Taxes	102.9Cr	136.4Cr	174.5Cr	209.4Cr	236Cr
Total Deferred Taxes	-1.4Cr	-5.9Cr	-12Cr	-25Cr	-9.7Cr
Normalized Net Income	220.01Cr	299.2Cr	377.05Cr	407.14Cr	430.78Cr
Interest on Long-Term Debt	3.2Cr	4.3Cr	5.6Cr	5.9Cr	5.5Cr
Non-Cash Pension Expense	2.1Cr	1.6Cr	1.7Cr	2.2Cr	2.3Cr
Supplemental Operating Expense Items
Net Rental Expense, Total	38Cr	48Cr	56Cr	61Cr	63Cr
Imputed Operating Lease Interest Expense	5.69Cr	9.38Cr	13Cr	14Cr	12Cr
Imputed Operating Lease Depreciation	33Cr	39Cr	44Cr	47Cr	50Cr
Stock-Based Comp., Other (Total)	12Cr	6.5Cr	15Cr	18Cr	20Cr
Total Stock-Based Compensation	12Cr	6.5Cr	15Cr	18Cr	20Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	669.6Cr	922.5Cr	1.06TCr	1.16TCr	1.22TCr
Total Cash And Short Term Investments	669.6Cr	922.5Cr	1.06TCr	1.16TCr	1.22TCr
Accounts Receivable, Total	33Cr	38Cr	43Cr	48Cr	42Cr
Other Receivables	5.8Cr	1.9Cr	5.1Cr	2.8Cr	4.5Cr
Total Receivables	39Cr	40Cr	48Cr	51Cr	46Cr
Inventory	144.9Cr	177.9Cr	241.4Cr	279.7Cr	257.5Cr
Other Current Assets, Total	31Cr	42Cr	49Cr	53Cr	63Cr
Total Current Assets	884.5Cr	1.18TCr	1.4TCr	1.55TCr	1.59TCr
Gross Property Plant And Equipment	609.9Cr	668.2Cr	742.8Cr	850.2Cr	951.7Cr
Accumulated Depreciation	-270.1Cr	-309.3Cr	-337.2Cr	-373.6Cr	-402.9Cr
Net Property Plant And Equipment	339.8Cr	358.9Cr	405.6Cr	476.6Cr	548.8Cr
Long-term Investments	65Cr	114.9Cr	132.3Cr	126.5Cr	140.8Cr
Goodwill	4.2Cr	-	7.2Cr	23Cr	18Cr
Other Intangibles, Total	26Cr	21Cr	22Cr	24Cr	23Cr
Loans Receivable Long-Term	5.9Cr	6.5Cr	7Cr	-	-
Deferred Tax Assets Long-Term	55Cr	56Cr	63Cr	93Cr	91Cr
Other Long-Term Assets, Total	5Cr	6Cr	6.2Cr	18Cr	19Cr
Total Assets	1.38TCr	1.75TCr	2.04TCr	2.31TCr	2.43TCr
Liabilities
Accounts Payable, Total	45Cr	66Cr	68Cr	68Cr	63Cr
Accrued Expenses, Total	4Cr	1.5Cr	1.6Cr	68Cr	68Cr
Short-term Borrowings	10L	20L	10L	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	25Cr	27Cr	29Cr	33Cr	32Cr
Current Income Taxes Payable	35Cr	50Cr	59Cr	77Cr	45Cr
Other Current Liabilities	148.9Cr	156.4Cr	160.6Cr	116.4Cr	110.4Cr
Total Current Liabilities	257.5Cr	300.4Cr	318.3Cr	362.9Cr	318.6Cr
Long-Term Debt	-	10L	20L	10L	-
Long-Term Leases	152.9Cr	162.9Cr	172Cr	178.1Cr	198.7Cr
Pension & Other Post Retirement Benefits	22Cr	18Cr	15Cr	17Cr	15Cr
Deferred Tax Liability Non Current	1.5Cr	2Cr	20L	50L	1.4Cr
Other Non Current Liabilities	9.6Cr	17Cr	19Cr	16Cr	14Cr
Total Liabilities	443.5Cr	500.3Cr	524.4Cr	575Cr	547.6Cr
Common Stock, Total	5.4Cr	5.4Cr	5.4Cr	5.4Cr	5.4Cr
Additional Paid In Capital	5Cr	5Cr	5Cr	5Cr	5Cr
Retained Earnings	244.5Cr	336.7Cr	431.1Cr	460.3Cr	452.4Cr
Treasury Stock	-55Cr	-67Cr	-70Cr	-67Cr	-68Cr
Comprehensive Income and Other	740.2Cr	964.3Cr	1.15TCr	1.33TCr	1.49TCr
Total Common Equity	940Cr	1.24TCr	1.52TCr	1.73TCr	1.88TCr
Minority Interest	1.2Cr	1.6Cr	20L	70L	60L
Total Equity	941.2Cr	1.25TCr	1.52TCr	1.73TCr	1.88TCr
Total Liabilities And Equity	1.38TCr	1.75TCr	2.04TCr	2.31TCr	2.43TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10Cr	10Cr	10Cr	10Cr	10Cr
ECS Total Common Shares Outstanding	10Cr	10Cr	10Cr	10Cr	10Cr
Book Value / Share	89.83	119	145.14	165.27	179.71
Tangible Book Value	910Cr	1.22TCr	1.49TCr	1.69TCr	1.84TCr
Tangible Book Value Per Share	86.96	116.96	142.31	160.84	175.79
Total Debt	177.8Cr	190Cr	201.2Cr	211.4Cr	231.2Cr
Net Debt	-491.8Cr	-732.5Cr	-861.3Cr	-952.8Cr	-992.7Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	26Cr	20Cr	17Cr	19Cr	16Cr
Debt Equivalent Oper. Leases	306.4Cr	383.2Cr	452Cr	487.2Cr	500.8Cr
Minority Interest, Total (Incl. Fin. Div)	1.2Cr	1.6Cr	20L	70L	60L
Equity Method Investments, Total	5.1Cr	5.4Cr	20Cr	24Cr	23Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	80Cr	96Cr	129.9Cr	132Cr	127.1Cr
Inventories - Finished Goods, Total	144.3Cr	161.4Cr	197.1Cr	269.4Cr	273.3Cr
Land - (BS)	20Cr	19Cr	35Cr	69Cr	100Cr
Buildings, Total	113Cr	127.5Cr	131.8Cr	146.6Cr	161.2Cr
Machinery, Total	169.6Cr	189Cr	207.7Cr	242.6Cr	256.6Cr
Full Time Employees	16.78T	18.88T	22.04T	24.2T	25.41T
Part Time Employees	813	808	-	982	1.08T
Accumulated Allowance for Doubtful Accounts (Supple)	30L	30L	30L	40L	40L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	244.5Cr	336.7Cr	431.1Cr	460.3Cr	452.4Cr
Depreciation & Amortization - CF	48Cr	52Cr	57Cr	65Cr	69Cr
Amortization of Goodwill and Intangible Assets - (CF)	8.7Cr	80L	60L	60L	50L
Depreciation & Amortization, Total	56Cr	53Cr	58Cr	66Cr	70Cr
Amortization of Deferred Charges, Total - (CF)	-	7.5Cr	8.9Cr	10Cr	10Cr
Minority Interest in Earnings - (CF)	80L	1.3Cr	1.2Cr	2.8Cr	3.6Cr
(Gain) Loss From Sale Of Asset	-40L	-10L	-1.4Cr	-20L	30L
Asset Writedown & Restructuring Costs	6.5Cr	12Cr	11Cr	8.3Cr	13Cr
(Income) Loss On Equity Investments - (CF)	-3.4Cr	-5Cr	-10Cr	-4.4Cr	-4.7Cr
Stock-Based Compensation (CF)	5.9Cr	5.5Cr	10Cr	14Cr	13Cr
Other Operating Activities, Total	-4.3Cr	-30L	4.2Cr	-19Cr	3.3Cr
Change In Accounts Receivable	-3Cr	-5.4Cr	-12Cr	40L	-4.9Cr
Change In Inventories	-12Cr	-32Cr	-66Cr	-31Cr	13Cr
Change In Accounts Payable	7.1Cr	20Cr	4.2Cr	-6Cr	-3.3Cr
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	42Cr	25Cr	-5.2Cr	13Cr	-28Cr
Cash from Operations	340.5Cr	418.4Cr	432.8Cr	513.9Cr	537.4Cr
Capital Expenditure	-40Cr	-41Cr	-58Cr	-106.7Cr	-71Cr
Sale of Property, Plant, and Equipment	30L	10L	-	10L	10L
Cash Acquisitions	-	-10L	-29Cr	-23Cr	-6Cr
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-20L	-	-17Cr	-	-33Cr
Sale (Purchase) of Intangible assets	-13Cr	-10Cr	-12Cr	-	-13Cr
Investment in Marketable and Equity Securities, Total	-19Cr	-16Cr	-5.2Cr	12Cr	-17Cr
Other Investing Activities, Total	5.2Cr	9.9Cr	20Cr	-1.8Cr	12Cr
Cash from Investing	-67Cr	-58Cr	-100Cr	-119.5Cr	-127.6Cr
Long-Term Debt Issued, Total	-	-	-	-	80L
Total Debt Issued	-	-	-	-	80L
Long-Term Debt Repaid, Total	-22Cr	-26Cr	-28Cr	-31Cr	-34Cr
Total Debt Repaid	-22Cr	-26Cr	-28Cr	-31Cr	-34Cr
Repurchase of Common Stock	-16Cr	-12Cr	-13Cr	-3.7Cr	-80L
Common Dividends Paid	-49Cr	-84Cr	-137.6Cr	-159.48Cr	-170.45Cr
Common & Preferred Stock Dividends Paid	-49Cr	-84Cr	-137.6Cr	-159.48Cr	-170.45Cr
Special Dividend Paid	-	-	-	-104.72Cr	-104.85Cr
Other Financing Activities, Total	-50L	-90L	-1Cr	-6.1Cr	-4.2Cr
Cash from Financing	-87Cr	-123.7Cr	-179.4Cr	-304.6Cr	-313.6Cr
Foreign Exchange Rate Adjustments	11Cr	16Cr	-14Cr	12Cr	-36Cr
Miscellaneous Cash Flow Adjustments	10L	10L	10L	-	-10L
Net Change in Cash	197.8Cr	252.8Cr	140.2Cr	101.7Cr	60Cr
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	285.85Cr	309.24Cr	306.49Cr	368.45Cr	403.96Cr
Unlevered Free Cash Flow	287.85Cr	312.05Cr	309.99Cr	372.14Cr	407.4Cr
Change In Net Working Capital	-48Cr	4.6Cr	62Cr	4.7Cr	27Cr
Net Debt Issued / Repaid	-22Cr	-26Cr	-28Cr	-31Cr	-33Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	18.05	19.25	18.98	17.89	17.66
Return on Total Capital	22.2	23.58	22.79	21.24	20.61
Return On Equity %	29.2	30.91	31.26	28.47	25.21
Return on Common Equity	29.14	30.83	31.19	28.3	25.02
Margin Analysis
Gross Profit Margin %	71.28	70.79	72.29	70.26	71.11
SG&A Margin	23.79	23.1	23.6	23.53	23.15
EBITDA Margin %	43.51	43.84	45.01	43.23	44
EBITA Margin %	41	41.61	42.91	41.11	41.88
EBIT Margin %	40.04	41.54	42.86	41.07	41.84
Income From Continuing Operations Margin %	27.31	29.13	32.2	30.53	28.5
Net Income Margin %	27.22	29.02	32.11	30.34	28.27
Net Avail. For Common Margin %	27.22	29.02	32.11	30.34	28.27
Normalized Net Income Margin	24.49	25.79	28.08	26.84	26.92
Levered Free Cash Flow Margin	31.82	26.65	22.83	24.29	25.24
Unlevered Free Cash Flow Margin	32.05	26.9	23.09	24.53	25.46
Asset Turnover
Asset Turnover	0.72	0.74	0.71	0.7	0.68
Fixed Assets Turnover	2.77	3.32	3.51	3.44	3.12
Receivables Turnover (Average Receivables)	30.81	32.41	32.99	33.38	35.72
Inventory Turnover (Average Inventory)	1.88	2.1	1.77	1.73	1.72
Short Term Liquidity
Current Ratio	3.43	3.94	4.4	4.26	4.99
Quick Ratio	2.75	3.2	3.49	3.35	3.99
Operating Cash Flow to Current Liabilities	1.32	1.39	1.36	1.42	1.69
Days Sales Outstanding (Average Receivables)	11.85	11.26	11.06	10.97	10.22
Days Outstanding Inventory (Average Inventory)	193.68	173.83	205.7	211.4	212.07
Average Days Payable Outstanding	54.75	54.42	56.32	51.15	54.28
Cash Conversion Cycle (Average Days)	150.77	130.67	160.45	171.21	168.01
Long Term Solvency
Total Debt/Equity	18.89	15.25	13.23	12.2	12.27
Total Debt / Total Capital	15.89	13.23	11.69	10.87	10.93
LT Debt/Equity	16.25	13.09	11.33	10.28	10.54
Long-Term Debt / Total Capital	13.66	11.35	10	9.16	9.39
Total Liabilities / Total Assets	32.03	28.66	25.65	24.91	22.51
EBIT / Interest Expense	112.38	107.11	102.77	105.61	121.75
EBITDA / Interest Expense	129.97	118.93	113.07	116.8	134.4
(EBITDA - Capex) / Interest Expense	117.38	109.73	102.75	98.71	121.53
Total Debt / EBITDA	0.43	0.36	0.32	0.31	0.31
Net Debt / EBITDA	-1.18	-1.37	-1.36	-1.38	-1.34
Total Debt / (EBITDA - Capex)	0.47	0.38	0.35	0.36	0.35
Net Debt / (EBITDA - Capex)	-1.31	-1.48	-1.5	-1.64	-1.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	40.59	29.17	15.73	12.98	5.48
Gross Profit, 1 Yr. Growth %	46.3	28.29	18.19	9.81	6.75
EBITDA, 1 Yr. Growth %	69.47	32.83	18.84	8.5	7.36
EBITA, 1 Yr. Growth %	75.3	33.96	19.32	8.26	7.44
EBIT, 1 Yr. Growth %	76.71	34.04	19.4	8.27	7.46
Earnings From Cont. Operations, 1 Yr. Growth %	76.6	37.79	27.9	7.12	-1.53
Net Income, 1 Yr. Growth %	76.53	37.71	28.04	6.77	-1.72
Normalized Net Income, 1 Yr. Growth %	79.73	35.99	26.02	7.98	5.81
Diluted EPS Before Extra, 1 Yr. Growth %	76.38	37.73	28.14	6.69	-1.82
Accounts Receivable, 1 Yr. Growth %	33.2	15.02	12.53	10.9	-12.55
Inventory, 1 Yr. Growth %	12.41	22.77	35.69	15.87	-7.94
Net Property, Plant and Equip., 1 Yr. Growth %	9.9	5.62	13.01	17.3	15.15
Total Assets, 1 Yr. Growth %	25.3	26.08	17.11	12.9	5.36
Tangible Book Value, 1 Yr. Growth %	27.86	34.36	21.89	13.14	9.29
Common Equity, 1 Yr. Growth %	27.37	32.34	22.19	13.99	8.73
Cash From Operations, 1 Yr. Growth %	107.37	22.88	3.44	18.74	4.57
Capital Expenditures, 1 Yr. Growth %	20.3	2.73	39.61	84.6	-33.65
Levered Free Cash Flow, 1 Yr. Growth %	174.45	8.18	-0.89	20.22	9.64
Unlevered Free Cash Flow, 1 Yr. Growth %	171.64	8.41	-0.66	20.05	9.48
Dividend Per Share, 1 Yr. Growth %	75.82	62.5	15.38	6.67	12.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.23	34.76	22.27	14.35	9.17
Gross Profit, 2 Yr. CAGR %	15.99	37	23.14	13.92	8.27
EBITDA, 2 Yr. CAGR %	22.52	48.51	25.64	13.55	7.93
EBITA, 2 Yr. CAGR %	23.53	51.59	26.43	13.66	7.85
EBIT, 2 Yr. CAGR %	23.25	53.9	26.51	13.7	7.87
Earnings From Cont. Operations, 2 Yr. CAGR %	26.41	55.99	32.75	17.05	2.7
Net Income, 2 Yr. CAGR %	26.49	55.92	32.79	16.92	2.44
Normalized Net Income, 2 Yr. CAGR %	23.62	56.34	30.91	16.65	6.89
Diluted EPS Before Extra, 2 Yr. CAGR %	26.55	55.86	32.85	16.92	2.34
Accounts Receivable, 2 Yr. CAGR %	2.35	23.77	13.77	11.72	-1.52
Inventory, 2 Yr. CAGR %	13.11	17.48	29.07	25.39	3.28
Net Property, Plant and Equip., 2 Yr. CAGR %	16.68	7.74	9.25	15.24	16.22
Total Assets, 2 Yr. CAGR %	18.38	25.69	21.52	14.99	9.06
Tangible Book Value, 2 Yr. CAGR %	19.54	31.07	27.98	17.43	11.2
Common Equity, 2 Yr. CAGR %	19.63	29.83	27.17	18.02	11.33
Cash From Operations, 2 Yr. CAGR %	27.72	59.63	12.74	10.83	11.43
Capital Expenditures, 2 Yr. CAGR %	2.9	11.17	19.76	60.54	10.68
Levered Free Cash Flow, 2 Yr. CAGR %	32.28	72.31	3.55	9.15	14.81
Unlevered Free Cash Flow, 2 Yr. CAGR %	32.13	71.6	3.77	9.2	14.64
Dividend Per Share, 2 Yr. CAGR %	32.6	69.03	36.93	10.94	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.61	19.01	28.09	19.09	11.31
Gross Profit, 3 Yr. CAGR %	15.32	19.95	30.42	18.52	11.48
EBITDA, 3 Yr. CAGR %	19.01	25.01	37.88	19.65	11.45
EBITA, 3 Yr. CAGR %	20.57	26	39.97	20.06	11.55
EBIT, 3 Yr. CAGR %	19.61	26.75	41.41	20.11	11.58
Earnings From Cont. Operations, 3 Yr. CAGR %	20.25	30.09	46	23.59	10.5
Net Income, 3 Yr. CAGR %	20.27	30.12	46.01	23.48	10.35
Normalized Net Income, 3 Yr. CAGR %	19.79	27.61	45.5	22.77	12.92
Diluted EPS Before Extra, 3 Yr. CAGR %	20.25	30.17	46.01	23.48	10.31
Accounts Receivable, 3 Yr. CAGR %	5.86	6.41	19.91	12.8	2.96
Inventory, 3 Yr. CAGR %	14.57	16.24	23.26	24.51	13.12
Net Property, Plant and Equip., 3 Yr. CAGR %	13.43	12.87	9.47	11.94	15.21
Total Assets, 3 Yr. CAGR %	17.89	20.89	22.77	18.57	11.68
Tangible Book Value, 3 Yr. CAGR %	19.65	24.29	27.94	22.83	14.66
Common Equity, 3 Yr. CAGR %	19.78	23.73	27.23	22.61	14.84
Cash From Operations, 3 Yr. CAGR %	20.62	26.09	38.14	14.71	8.7
Capital Expenditures, 3 Yr. CAGR %	8.87	2.84	19.94	38.34	19.59
Levered Free Cash Flow, 3 Yr. CAGR %	19.09	23.71	43.3	8.83	9.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.99	23.7	43.02	8.94	9.29
Dividend Per Share, 3 Yr. CAGR %	20.7	41.9	48.83	25.99	11.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.54	15.89	17.61	17.12	20.16
Gross Profit, 5 Yr. CAGR %	12.71	16.12	18.39	17.5	21.06
EBITDA, 5 Yr. CAGR %	15.4	18.61	21.13	20.29	25.01
EBITA, 5 Yr. CAGR %	16.61	19.69	22.35	20.91	26.11
EBIT, 5 Yr. CAGR %	16.06	19.65	22.33	21.36	26.9
Earnings From Cont. Operations, 5 Yr. CAGR %	17.31	22.49	25.11	24.71	26.84
Net Income, 5 Yr. CAGR %	17.32	22.48	25.13	24.67	26.71
Normalized Net Income, 5 Yr. CAGR %	16.15	19.91	24.12	23.11	28.61
Diluted EPS Before Extra, 5 Yr. CAGR %	17.35	22.53	25.14	24.7	26.66
Accounts Receivable, 5 Yr. CAGR %	1.63	8.4	8.96	8.5	10.83
Inventory, 5 Yr. CAGR %	9.63	14.7	20.16	19.82	14.84
Net Property, Plant and Equip., 5 Yr. CAGR %	20.55	22.84	11.74	13.81	12.16
Total Assets, 5 Yr. CAGR %	18.21	20.87	19.33	18.5	17.09
Tangible Book Value, 5 Yr. CAGR %	16.59	20.19	22.92	21.5	20.96
Common Equity, 5 Yr. CAGR %	16.49	19.81	22.68	21.41	20.62
Cash From Operations, 5 Yr. CAGR %	18.23	21.11	17.41	19.75	26.76
Capital Expenditures, 5 Yr. CAGR %	13.37	13.9	13.1	22.9	16.14
Levered Free Cash Flow, 5 Yr. CAGR %	18.35	20.04	12.61	17.67	31.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.49	20.24	12.65	17.68	30.91
Dividend Per Share, 5 Yr. CAGR %	16.36	25.96	26.95	28.59	31.66