Cash flow Lindt London S.E.

Stocks

0QKN

CH0010570759

Food Processing

Market Closed - London S.E. 09:06:35 31/07/2026 pm IST			After hours 08:50:00 pm
95,100.00 ^CHF	-0.73%		91,200.00	-4.10%

05:38pm	UBS Upbeat on Lindt & Sprüngli's Return to 'Attractive' Volume Growth in FY27; Buy Confirmed	MT
25/08	Lotus Bakeries, the most expensive speculoos on the (stock) market in Europe

4e48c429a8087fdf1.8MNB0Oy-i9c30klzIb5FjsjH4Xr3nNUZ15v2f0gKdOA.lPIyt5_k-LoFmXo1e-Fo65jyrDm186Roh-mOTQdJEpLGk2yltuTRsX6LGA

Published financial data: LINDT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CHF)	2022 (CHF)	2023 (CHF)	2024 (CHF)	2025 (CHF)
Revenues	458.55Cr	497.02Cr	520.12Cr	546.85Cr	591.58Cr
Other Revenues, Total	2.59Cr	2.91Cr	3.03Cr	8.03Cr	3.46Cr
Total Revenues	461.14Cr	499.93Cr	523.15Cr	554.88Cr	595.04Cr
Cost of Goods Sold, Total	151.81Cr	167.77Cr	170.61Cr	190.4Cr	221.45Cr
Gross Profit	309.33Cr	332.16Cr	352.54Cr	364.48Cr	373.59Cr
Selling General & Admin Expenses, Total	217.73Cr	230.27Cr	243.09Cr	246.33Cr	246.51Cr
Depreciation & Amortization - (IS)	27Cr	26Cr	27Cr	28Cr	29Cr
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	244.43Cr	256.77Cr	269.87Cr	273.87Cr	275.59Cr
Operating Income	65Cr	75Cr	83Cr	91Cr	98Cr
Interest Expense, Total	-2.54Cr	-2.97Cr	-3.36Cr	-4.61Cr	-5.21Cr
Interest And Investment Income	18L	25L	93L	1.32Cr	78L
Net Interest Expenses	-2.36Cr	-2.72Cr	-2.43Cr	-3.29Cr	-4.43Cr
Other Non Operating Income (Expenses)	4L	41L	-13L	0	-32L
EBT, Excl. Unusual Items	63Cr	73Cr	80Cr	87Cr	93Cr
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	55L	-12L	-6L	-	-
Asset Writedown	-96L	-81L	-1.3Cr	-2.19Cr	-90L
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	62Cr	72Cr	79Cr	85Cr	92Cr
Income Tax Expense	13Cr	15Cr	12Cr	18Cr	20Cr
Earnings From Continuing Operations	49Cr	57Cr	67Cr	67Cr	73Cr
Net Income to Company	49Cr	57Cr	67Cr	67Cr	73Cr
Minority Interest	-	-	-	-	5L
Net Income - (IS)	49Cr	57Cr	67Cr	67Cr	73Cr
Net Income to Common Incl Extra Items	49Cr	57Cr	67Cr	67Cr	73Cr
Net Income to Common Excl. Extra Items	49Cr	57Cr	67Cr	67Cr	73Cr
Per Share Items
Net EPS - Basic	2.05T	2.42T	2.89T	2.92T	3.16T
Basic EPS - Continuing Operations	2.05T	2.42T	2.89T	2.92T	3.16T
Basic Weighted Average Shares Outstanding	2L	2L	2L	2L	2L
Net EPS - Diluted	2.02T	2.39T	2.86T	2.9T	3.14T
Diluted EPS - Continuing Operations	2.02T	2.39T	2.86T	2.9T	3.14T
Diluted Weighted Average Shares Outstanding	2L	2L	2L	2L	2L
Normalized Basic EPS	1.63T	1.94T	2.15T	2.37T	2.54T
Normalized Diluted EPS	1.61T	1.91T	2.13T	2.35T	2.52T
Dividend Per Share	1.2T	1.3T	1.4T	1.5T	1.8T
Payout Ratio	53.84	49.87	45.22	47.85	47.41
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	83Cr	93Cr	100.12Cr	108.15Cr	116.17Cr
EBITA	66Cr	76Cr	83Cr	91Cr	99Cr
EBIT	65Cr	75Cr	83Cr	91Cr	98Cr
EBITDAR	84Cr	96Cr	103.33Cr	111.77Cr	120.33Cr
Total Revenues (As Reported)	461.69Cr	499.81Cr	523.09Cr	554.88Cr	595.04Cr
Effective Tax Rate - (Ratio)	21.1	21.04	14.74	21.03	21.31
Total Current Taxes	16Cr	15Cr	16Cr	13Cr	16Cr
Total Deferred Taxes	-3.04Cr	38L	-4.74Cr	4.69Cr	3.42Cr
Normalized Net Income	39Cr	46Cr	50Cr	55Cr	58Cr
Interest on Long-Term Debt	1.41Cr	1.33Cr	1.3Cr	1.54Cr	1.76Cr
Non-Cash Pension Expense	-83L	-1.65Cr	-4.22Cr	-4.97Cr	-88L
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.71Cr	1.84Cr	1.99Cr	1.93Cr	2.12Cr
Net Rental Expense, Total	1.74Cr	2.79Cr	3.21Cr	3.62Cr	4.16Cr
Imputed Operating Lease Interest Expense	24.04L	45.43L	60.72L	86.96L	1.01Cr
Imputed Operating Lease Depreciation	1.5Cr	2.34Cr	2.6Cr	2.75Cr	3.15Cr
Stock-Based Comp., Other (Total)	1.48Cr	1.6Cr	1.93Cr	2.16Cr	2.41Cr
Total Stock-Based Compensation	1.48Cr	1.6Cr	1.93Cr	2.16Cr	2.41Cr

Fiscal Period: December	2021 (CHF)	2022 (CHF)	2023 (CHF)	2024 (CHF)	2025 (CHF)
Assets
Cash And Equivalents	94Cr	86Cr	46Cr	101.45Cr	67Cr
Short Term Investments	25Cr	3L	3L	7L	6L
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	118.75Cr	86Cr	46Cr	101.52Cr	67Cr
Accounts Receivable, Total	90Cr	95Cr	100Cr	118.44Cr	118.48Cr
Other Receivables	16Cr	16Cr	16Cr	17Cr	18Cr
Total Receivables	105.19Cr	111.02Cr	115.95Cr	135.1Cr	136.11Cr
Inventory	76Cr	88Cr	92Cr	94Cr	119.01Cr
Other Current Assets, Total	2.38Cr	3.91Cr	6.55Cr	25Cr	77L
Total Current Assets	302.48Cr	288.98Cr	260.9Cr	356.03Cr	322.77Cr
Gross Property Plant And Equipment	368.46Cr	365.53Cr	364.97Cr	404.37Cr	413.01Cr
Accumulated Depreciation	-190.13Cr	-188.69Cr	-190.46Cr	-210.72Cr	-212.22Cr
Net Property Plant And Equipment	178.33Cr	176.84Cr	174.51Cr	193.65Cr	200.79Cr
Long-term Investments	3L	3L	1L	-	-
Goodwill	73Cr	74Cr	67Cr	72Cr	64Cr
Other Intangibles, Total	58Cr	58Cr	57Cr	59Cr	55Cr
Deferred Tax Assets Long-Term	19Cr	15Cr	21Cr	17Cr	14Cr
Other Long-Term Assets, Total	265.33Cr	181.05Cr	206.22Cr	217.4Cr	253.07Cr
Total Assets	895.61Cr	794.51Cr	786Cr	915.69Cr	909.87Cr
Liabilities
Accounts Payable, Total	24Cr	29Cr	31Cr	42Cr	34Cr
Accrued Expenses, Total	91Cr	94Cr	94Cr	100Cr	102.17Cr
Short-term Borrowings	1.54Cr	78L	1.29Cr	2.08Cr	6.54Cr
Current Portion of Long-Term Debt	-	-	25Cr	-	-
Current Portion of Leases	7.01Cr	6.8Cr	6.85Cr	7.66Cr	8.36Cr
Current Income Taxes Payable	12Cr	13Cr	11Cr	12Cr	11Cr
Other Current Liabilities	13Cr	14Cr	16Cr	38Cr	14Cr
Total Current Liabilities	148.57Cr	157.73Cr	184.3Cr	201.15Cr	175.99Cr
Long-Term Debt	100Cr	100Cr	75Cr	117.35Cr	117.38Cr
Long-Term Leases	40Cr	36Cr	33Cr	39Cr	44Cr
Pension & Other Post Retirement Benefits	14Cr	9.53Cr	11Cr	9.53Cr	8.88Cr
Deferred Tax Liability Non Current	67Cr	46Cr	52Cr	61Cr	65Cr
Other Non Current Liabilities	4.36Cr	5.16Cr	5.26Cr	3.07Cr	3.01Cr
Total Liabilities	373.25Cr	354.45Cr	360.24Cr	431.73Cr	414.2Cr
Common Stock, Total	2.42Cr	2.39Cr	2.36Cr	2.33Cr	2.33Cr
Additional Paid In Capital	36Cr	35Cr	42Cr	46Cr	52Cr
Retained Earnings	570.88Cr	502.92Cr	505.42Cr	500.67Cr	553.85Cr
Treasury Stock	-46Cr	-57Cr	-62Cr	-29Cr	-32Cr
Comprehensive Income and Other	-41Cr	-44Cr	-62Cr	-37Cr	-80Cr
Total Common Equity	522.36Cr	440.06Cr	425.76Cr	483.96Cr	495.62Cr
Minority Interest	-	-	-	-	5L
Total Equity	522.36Cr	440.06Cr	425.76Cr	483.96Cr	495.67Cr
Total Liabilities And Equity	895.61Cr	794.51Cr	786Cr	915.69Cr	909.87Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2L	2L	2L	2L	2L
ECS Total Common Shares Outstanding	2L	2L	2L	2L	2L
Book Value / Share	21.97T	18.82T	18.51T	21.03T	21.55T
Tangible Book Value	391.48Cr	307.94Cr	302.04Cr	352.33Cr	376.85Cr
Tangible Book Value Per Share	16.46T	13.17T	13.13T	15.31T	16.39T
Total Debt	148.22Cr	143.62Cr	140.58Cr	166.45Cr	176.5Cr
Net Debt	29Cr	57Cr	94Cr	65Cr	109.62Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-255.08Cr	-203.5Cr	-216.02Cr	-215.5Cr	-253.69Cr
Debt Equivalent Oper. Leases	14Cr	22Cr	26Cr	29Cr	33Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	5L
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	25Cr	31Cr	31Cr	35Cr	47Cr
Inventories - Work In Process, Total	59Cr	65Cr	69Cr	68Cr	82Cr
Land - (BS)	119.68Cr	121.2Cr	120.06Cr	135.11Cr	137.31Cr
Machinery, Total	158.21Cr	158.83Cr	157.06Cr	173.34Cr	169.42Cr
Full Time Employees	14T	14T	14.5T	14.97T	12.74T
Part Time Employees	-	-	-	-	4.02T
Accumulated Allowance for Doubtful Accounts (Supple)	3.11Cr	3.13Cr	3.09Cr	3.6Cr	3.55Cr

Fiscal Period: December	2021 (CHF)	2022 (CHF)	2023 (CHF)	2024 (CHF)	2025 (CHF)
Net Income	49Cr	57Cr	67Cr	67Cr	73Cr
Depreciation & Amortization - CF	24Cr	24Cr	24Cr	25Cr	26Cr
Amortization of Goodwill and Intangible Assets - (CF)	96L	85L	80L	80L	75L
Depreciation & Amortization, Total	25Cr	25Cr	25Cr	26Cr	27Cr
Amortization of Deferred Charges, Total - (CF)	1.42Cr	1.63Cr	1.74Cr	1.92Cr	2.21Cr
(Gain) Loss From Sale Of Asset	-55L	12L	6L	4L	14L
Asset Writedown & Restructuring Costs	96L	81L	1.3Cr	2.19Cr	90L
Other Operating Activities, Total	2.68Cr	3.67Cr	-1.94Cr	6.82Cr	9.84Cr
Change In Accounts Receivable	-7.32Cr	-8.59Cr	-12Cr	-16Cr	-7.45Cr
Change In Inventories	-7.92Cr	-14Cr	-12Cr	58L	-32Cr
Change In Accounts Payable	5.72Cr	6.23Cr	3.54Cr	10Cr	-5.49Cr
Change in Other Net Operating Assets	13Cr	3.95Cr	4.14Cr	20Cr	-16Cr
Cash from Operations	83Cr	76Cr	78Cr	118.2Cr	52Cr
Capital Expenditure	-22Cr	-21Cr	-28Cr	-27Cr	-27Cr
Sale of Property, Plant, and Equipment	87L	15L	8L	23L	7L
Cash Acquisitions	-15L	-	-	-	-
Sale (Purchase) of Intangible assets	-2.35Cr	-2.43Cr	-2.13Cr	-4.45Cr	-5.73Cr
Investment in Marketable and Equity Securities, Total	15Cr	25Cr	-	-3L	-29L
Other Investing Activities, Total	-2L	-1L	-	-5L	-17L
Cash from Investing	-8.25Cr	2.18Cr	-30Cr	-31Cr	-33Cr
Short Term Debt Issued, Total	1.5Cr	37L	-	1.27Cr	4.9Cr
Long-Term Debt Issued, Total	-	-	1.11Cr	42Cr	-
Total Debt Issued	1.5Cr	37L	1.11Cr	44Cr	4.9Cr
Short Term Debt Repaid, Total	-29L	-1.18Cr	-	-24L	-38L
Long-Term Debt Repaid, Total	-7.3Cr	-7.54Cr	-7.97Cr	-33Cr	-8.08Cr
Total Debt Repaid	-7.59Cr	-8.72Cr	-7.97Cr	-33Cr	-8.46Cr
Issuance of Common Stock	13Cr	8.35Cr	11Cr	19Cr	20Cr
Repurchase of Common Stock	-43Cr	-55Cr	-59Cr	-30Cr	-33Cr
Common Dividends Paid	-26Cr	-28Cr	-30Cr	-32Cr	-34Cr
Common & Preferred Stock Dividends Paid	-26Cr	-28Cr	-30Cr	-32Cr	-34Cr
Other Financing Activities, Total	-3.04Cr	-	-	-	10L
Cash from Financing	-66Cr	-84Cr	-86Cr	-33Cr	-51Cr
Foreign Exchange Rate Adjustments	-5L	-1.49Cr	-2.45Cr	1.25Cr	-2.22Cr
Net Change in Cash	8.88Cr	-7.26Cr	-40Cr	55Cr	-35Cr
Supplemental Items
Cash Interest Paid	2.47Cr	2.83Cr	3.38Cr	4.32Cr	4.78Cr
Cash Income Tax Paid (Refund)	12Cr	14Cr	16Cr	14Cr	15Cr
Levered Free Cash Flow	49Cr	42Cr	37Cr	52Cr	25Cr
Unlevered Free Cash Flow	51Cr	44Cr	39Cr	55Cr	28Cr
Change In Net Working Capital	-5.84Cr	8.63Cr	11Cr	-37L	32Cr
Net Debt Issued / Repaid	-6.09Cr	-8.35Cr	-6.86Cr	11Cr	-3.56Cr

Fiscal Period: December	2021 (CHF)	2022 (CHF)	2023 (CHF)	2024 (CHF)	2025 (CHF)
Profitability
Return on Assets	4.77	5.58	6.54	6.66	6.71
Return on Total Capital	6.35	7.51	8.99	9.31	9.26
Return On Equity %	9.98	11.84	15.51	14.78	14.84
Return on Common Equity	9.99	11.84	15.51	14.78	14.85
Margin Analysis
Gross Profit Margin %	67.08	66.44	67.39	65.69	62.78
SG&A Margin	47.22	46.06	46.47	44.39	41.43
EBITDA Margin %	17.9	18.55	19.14	19.49	19.52
EBITA Margin %	14.28	15.25	15.96	16.47	16.6
EBIT Margin %	14.07	15.08	15.8	16.33	16.47
Income From Continuing Operations Margin %	10.64	11.4	12.83	12.12	12.21
Net Income Margin %	10.64	11.4	12.83	12.12	12.22
Net Avail. For Common Margin %	10.64	11.4	12.83	12.12	12.22
Normalized Net Income Margin	8.48	9.14	9.57	9.84	9.8
Levered Free Cash Flow Margin	10.61	8.36	7.07	9.46	4.19
Unlevered Free Cash Flow Margin	10.96	8.73	7.47	9.98	4.73
Asset Turnover
Asset Turnover	0.54	0.59	0.66	0.65	0.65
Fixed Assets Turnover	2.62	2.82	2.98	3.01	3.02
Receivables Turnover (Average Receivables)	5.33	5.38	5.33	5.01	4.99
Inventory Turnover (Average Inventory)	2.08	2.05	1.9	2.04	2.08
Short Term Liquidity
Current Ratio	2.04	1.83	1.42	1.77	1.83
Quick Ratio	1.51	1.25	0.88	1.18	1.15
Operating Cash Flow to Current Liabilities	0.56	0.48	0.42	0.59	0.3
Days Sales Outstanding (Average Receivables)	68.47	67.87	68.45	73.02	73.09
Days Outstanding Inventory (Average Inventory)	175.89	178.09	192.23	179.04	175.65
Average Days Payable Outstanding	49.18	53.82	62.12	68.58	56.17
Cash Conversion Cycle (Average Days)	195.17	192.14	198.56	183.48	192.57
Long Term Solvency
Total Debt/Equity	28.38	32.64	33.02	34.39	35.61
Total Debt / Total Capital	22.1	24.61	24.82	25.59	26.26
LT Debt/Equity	26.74	30.91	25.24	32.38	32.6
Long-Term Debt / Total Capital	20.83	23.31	18.97	24.09	24.04
Total Liabilities / Total Assets	41.68	44.61	45.83	47.15	45.52
EBIT / Interest Expense	25.55	25.38	24.6	19.66	18.81
EBITDA / Interest Expense	35.5	33.76	32.06	25.21	23.97
(EBITDA - Capex) / Interest Expense	26.96	26.85	23.71	19.38	18.76
Total Debt / EBITDA	1.64	1.43	1.31	1.43	1.41
Net Debt / EBITDA	0.33	0.57	0.88	0.56	0.88
Total Debt / (EBITDA - Capex)	2.16	1.8	1.76	1.86	1.81
Net Debt / (EBITDA - Capex)	0.43	0.72	1.18	0.73	1.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.3	8.41	4.64	6.08	7.24
Gross Profit, 1 Yr. Growth %	18.38	7.38	6.14	3.4	2.5
EBITDA, 1 Yr. Growth %	35.73	12.36	7.96	8.09	7.42
EBITA, 1 Yr. Growth %	46.88	15.76	9.48	9.59	8.03
EBIT, 1 Yr. Growth %	47.77	16.16	9.66	9.68	8.16
Earnings From Cont. Operations, 1 Yr. Growth %	53.23	16.15	17.85	0.13	8.09
Net Income, 1 Yr. Growth %	52.47	16.15	17.85	0.13	8.17
Normalized Net Income, 1 Yr. Growth %	50.59	16.78	9.62	9.08	6.88
Diluted EPS Before Extra, 1 Yr. Growth %	52.76	18.21	19.77	1.35	8.25
Accounts Receivable, 1 Yr. Growth %	8.52	6.46	4.68	18.71	0.03
Inventory, 1 Yr. Growth %	8.57	14.97	5.24	2.15	26.43
Net Property, Plant and Equip., 1 Yr. Growth %	2.72	-0.84	-1.32	10.97	3.69
Total Assets, 1 Yr. Growth %	11.24	-11.29	-1.07	16.5	-0.64
Tangible Book Value, 1 Yr. Growth %	18.63	-21.34	-1.92	16.65	6.96
Common Equity, 1 Yr. Growth %	13.54	-15.76	-3.25	13.67	2.41
Cash From Operations, 1 Yr. Growth %	4.98	-8.56	2.99	51.81	-55.97
Capital Expenditures, 1 Yr. Growth %	-3.9	-5.44	36.63	-4.1	0.93
Levered Free Cash Flow, 1 Yr. Growth %	-15.58	-14.64	-11.5	42.07	-52.54
Unlevered Free Cash Flow, 1 Yr. Growth %	-15.36	-13.64	-10.45	41.81	-49.12
Dividend Per Share, 1 Yr. Growth %	9.09	8.33	7.69	7.14	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.95	11.32	6.51	5.35	6.66
Gross Profit, 2 Yr. CAGR %	1.37	12.75	6.76	4.75	2.95
EBITDA, 2 Yr. CAGR %	-1.85	23.49	10.14	7.99	7.75
EBITA, 2 Yr. CAGR %	-2.2	30.39	12.58	9.5	8.81
EBIT, 2 Yr. CAGR %	-2.22	31.02	12.86	9.63	8.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.11	33.41	17	8.63	4.04
Net Income, 2 Yr. CAGR %	-1.89	33.08	17	8.63	4.07
Normalized Net Income, 2 Yr. CAGR %	-1.36	32.61	13.14	9.31	7.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.49	34.38	18.99	10.18	4.74
Accounts Receivable, 2 Yr. CAGR %	-4.12	7.48	5.56	11.48	8.97
Inventory, 2 Yr. CAGR %	0.76	11.72	10	3.68	13.64
Net Property, Plant and Equip., 2 Yr. CAGR %	0.27	0.93	-1.08	4.64	7.27
Total Assets, 2 Yr. CAGR %	5.54	-0.66	-6.32	7.36	7.59
Tangible Book Value, 2 Yr. CAGR %	9.03	-3.4	-12.16	6.96	11.7
Common Equity, 2 Yr. CAGR %	5.88	-2.2	-9.72	4.87	7.89
Cash From Operations, 2 Yr. CAGR %	-0.25	-2.03	-2.96	25.04	-18.25
Capital Expenditures, 2 Yr. CAGR %	1.82	-4.67	13.67	14.47	-1.62
Levered Free Cash Flow, 2 Yr. CAGR %	-7.14	-15.11	-13.08	12.08	-17.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.41	-14.51	-12.06	12.64	-15.06
Dividend Per Share, 2 Yr. CAGR %	6.9	8.71	8.01	7.42	13.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.1	3.38	9.05	6.36	5.98
Gross Profit, 3 Yr. CAGR %	2.19	3.34	10.5	5.62	4
EBITDA, 3 Yr. CAGR %	0.77	2.67	18.08	9.43	7.8
EBITA, 3 Yr. CAGR %	0.57	3.46	23.01	11.55	9.01
EBIT, 3 Yr. CAGR %	0.57	3.56	23.47	11.77	9.14
Earnings From Cont. Operations, 3 Yr. CAGR %	0.23	3.63	28.01	11.08	8.45
Net Income, 3 Yr. CAGR %	0.37	3.79	27.79	11.08	8.48
Normalized Net Income, 3 Yr. CAGR %	0.38	4.35	24.46	11.74	8.49
Diluted EPS Before Extra, 3 Yr. CAGR %	0.19	3.97	29.32	12.79	9.53
Accounts Receivable, 3 Yr. CAGR %	-4.35	-0.71	6.54	9.78	7.52
Inventory, 3 Yr. CAGR %	0.41	5.29	9.52	7.32	10.77
Net Property, Plant and Equip., 3 Yr. CAGR %	9.86	-0.1	0.17	2.79	4.32
Total Assets, 3 Yr. CAGR %	7.3	-0.4	-0.8	0.74	4.62
Tangible Book Value, 3 Yr. CAGR %	8.1	-2.21	-2.91	-3.45	6.96
Common Equity, 3 Yr. CAGR %	5.27	-1.89	-2.55	-2.51	4.04
Cash From Operations, 3 Yr. CAGR %	8.26	-3.1	-0.38	12.65	-11.7
Capital Expenditures, 3 Yr. CAGR %	-3.94	-0.66	7.48	7.41	9.76
Levered Free Cash Flow, 3 Yr. CAGR %	18.93	-9.71	-13.92	2.35	-15.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.63	-9.54	-13.18	3.09	-13.58
Dividend Per Share, 3 Yr. CAGR %	6.27	7.38	8.37	7.72	11.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.33	4.02	3.84	4.16	8.08
Gross Profit, 5 Yr. CAGR %	4.04	4.38	3.99	3.9	7.41
EBITDA, 5 Yr. CAGR %	3.19	4.18	4.42	4.77	13.82
EBITA, 5 Yr. CAGR %	2.82	4.66	5.21	5.83	17.1
EBIT, 5 Yr. CAGR %	2.84	4.76	5.32	5.95	17.41
Earnings From Cont. Operations, 5 Yr. CAGR %	3.16	4.71	6.63	5.6	17.82
Net Income, 5 Yr. CAGR %	3.17	4.8	6.72	5.7	17.72
Normalized Net Income, 5 Yr. CAGR %	2.41	4.66	5.3	6.3	17.56
Diluted EPS Before Extra, 5 Yr. CAGR %	2.71	4.89	7.32	6.41	18.87
Accounts Receivable, 5 Yr. CAGR %	-2.08	-1.87	-0.5	3.99	7.51
Inventory, 5 Yr. CAGR %	2.98	3.66	4.14	4.65	11.15
Net Property, Plant and Equip., 5 Yr. CAGR %	7.53	6.52	5.35	1.77	2.95
Total Assets, 5 Yr. CAGR %	6.86	2.64	1.63	2.63	2.48
Tangible Book Value, 5 Yr. CAGR %	11.79	1.87	-0.51	1.36	2.69
Common Equity, 5 Yr. CAGR %	7.33	1	-1	0.76	1.5
Cash From Operations, 5 Yr. CAGR %	9.91	5.05	3.63	7.3	-7.95
Capital Expenditures, 5 Yr. CAGR %	0.03	3.46	2.75	5.14	3.75
Levered Free Cash Flow, 5 Yr. CAGR %	15.31	6.03	4.91	-1.56	-15.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.21	6.3	5.24	-1.25	-13.95
Dividend Per Share, 5 Yr. CAGR %	6.4	6.93	6.96	7.39	10.35