No target price is issued: the company falls outside the profile this method looks for.
Financial comments3
The share count grows: net dilution.
Stagnation: 3-year earnings CAGR at or below zero. It is scored, not cut: the penalty is charged by the Impairment modifier, where it is continuous and capped.
Impairment of fcf: 37 % of the window, weighted by recency → 4.4 points. It is the only place in the model where a bad year subtracts.
Calculation comments4
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
The publicado consensus candidate was rejected (nivel_inicial_implausible) and is not used.
The derivado consensus candidate was rejected (nivel_inicial_implausible) and is not used.
No consensus candidate passed the plausibility contract: rather than guess which of the provider's two rows is broken, nothing is written and the cascade drops a rung.
Quality factors
Each factor scores 0–100 on its own scale; the score is their weighted average.
Score
Weight → points
Growth consistency30
Earnings · fit to the log-linear line · σ_resid = 0.30622 %1
Earnings · hit rate · 0 %16 %0
Earnings · volatility · σ = 0.50511 %0
Revenue · fit to the log-linear line · σ_resid = 0.00014 %39
Short effective sample (N_eff = 3.9 < 4): the fit subcomponent is shrunk towards neutral.
Short effective sample (N_eff = 3.9 < 4): the fit subcomponent is shrunk towards neutral.
·20 → 6,09
Growth pace17
Realized · -52.0 %50 %2
Expected · 8.7 %50 %31
·20 → 3,31
No recent stagnation69
Realized slowdown · 1.00×50 %40
Expected slowdown · -0.17×50 %99
3-year earnings CAGR at or below zero (-52.0 %): the engine has slowed. It is scored on the acceleration scale, not cut — a binary cut turned a continuous fact into a cliff, and fired on 36 % of the universe.
Stagnation: 3-year earnings CAGR at or below zero. It is scored, not cut: the penalty is charged by the Impairment modifier, where it is continuous and capped.
·15 → 10,40
FCF quality74
FCF / net income conversion · 0.99×100 %74
Window chosen: last 4 years (the best of those evaluated).
Alternative · last 3 years: conversion 0.96× → 70 points.
Anomalous financial year(s) in FCF (2025): out of this component's estimators; they still count in the counters and hard cuts.
Positive FCF in 3 of the 4 years in the window.
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
·15 → 11,03
Debt19
Net debt / EBITDA · 3.18×100 %19
Interest coverage (EBIT / |interest|) = 4.7×.
·15 → 2,79
Return on invested capital (ROIC)45
Level (recency-weighted mean) · 10.8 %50 %34
Spread over the required return · +0.0 pp over the 10 % required30 %54
Trend · +1.4 pp over 4 years20 %62
·15 → 6,81
Weighted base
·100 → 40,43
Modifiers and penalties
The factors build the score; the modifiers correct it, within +23 / −28. Same 0–100 bar, 100 is always good.
Score
Range
Points
Gross margin trend · −4.3 pp accumulated over 4 years7
±8
-6,9
Altman Z'' · Z'' = 5.59100
0/−15
0,0
Shareholder returns · dilutes 0.0 % a year0
Effective buyback (net share count) · 0.0 % of dilution0
Dividend yield (last DPS / price today) · 0.0 % · does not count: the active branch is dilution—
