Summit Materials Inc
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Let's analyse Summit Materials Inc together

Penke I guess you are interested in Summit Materials Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Summit Materials Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Summit Materials Inc (30 sec.)

What can you expect buying and holding a share of Summit Materials Inc? (30 sec.)

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

47.5%

What is your share worth?

Current worth

$13.29

Expected worth in 1 year

$15.04

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$1.75

Return On Investment

4.4%

For what price can you sell your share?

Current Price per Share

$39.37

Expected price per share

$30.83 - $44.89

How sure are you?

50%

1. Valuation of Summit Materials Inc (5 min.)

Live pricePrice per Share (EOD)

$39.37

Book Value per Share

$13.29

Intrinsic Value Per Share

$-4.05 - $12.52

Total Value Per Share

$9.25 - $25.81

My calculation of the intrinsic value of Summit Materials Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.13) 3Y: ($0.17) TTM: ($0.27)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.01) TTM: ($0.07)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.38	$0.76	$0.30 - $0.83
2	$0.52	$1.65	$0.07 - $0.99
3	$0.46	$2.66	$-0.16 - $1.15
4	$0.22	$3.78	$-0.39 - $1.31
5	$-0.19	$5.01	$-0.62 - $1.47
6	$-0.74	$6.34	$-0.85 - $1.63
7	$-1.41	$7.76	$-1.08 - $1.79
8	$-2.20	$9.27	$-1.31 - $1.95
9	$-3.08	$10.85	$-1.55 - $2.11
10	$-4.05	$12.52	$-1.78 - $2.27

2. Growth of Summit Materials Inc (5 min.)

Is Summit Materials Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.3b	$1.9b	$251.9m	11.6%

How much money is Summit Materials Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$71.3m	$67.9m	$3.4m	4.8%
Net Profit Margin	8.4%	9.1%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Summit Materials Inc (5 min.)

4. Comparing to competitors in the Building Materials industry (5 min.)

Industry Rankings (Building Materials)

Richest
#33 / 223

Most Revenue
#60 / 223

Most Profit
#40 / 223

Most Efficient
#69 / 223

What can you expect buying and holding a share of Summit Materials Inc? (5 min.)

Welcome investor! Summit Materials Inc's management wants to use your money to grow the business. In return you get a share of Summit Materials Inc.

What can you expect buying and holding a share of Summit Materials Inc?

First you should know what it really means to hold a share of Summit Materials Inc. And how you can make/lose money.

Speculation

The Price per Share of Summit Materials Inc is $39.37. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Summit Materials Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Summit Materials Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $13.29. Based on the TTM, the Book Value Change Per Share is $0.44 per quarter. Based on the YOY, the Book Value Change Per Share is $0.27 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Summit Materials Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.02	0.0%	0.41	1.0%	0.39	1.0%	0.26	0.7%	0.16	0.4%
Usd Book Value Change Per Share	0.05	0.1%	0.44	1.1%	0.27	0.7%	0.28	0.7%	0.29	0.7%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.01	0.0%
Usd Total Gains Per Share	0.05	0.1%	0.44	1.1%	0.27	0.7%	0.28	0.7%	0.30	0.8%
Usd Price Per Share	38.46	-	33.99	-	26.68	-	26.33	-	22.42	-
Price to Earnings Ratio	562.66	-	136.99	-	4.85	-	34.44	-	-201.88	-
Price-to-Total Gains Ratio	724.11	-	165.63	-	51.61	-	-72.54	-	22.10	-
Price to Book Ratio	2.89	-	2.73	-	2.44	-	2.62	-	3.03	-
Price-to-Total Gains Ratio	724.11	-	165.63	-	51.61	-	-72.54	-	22.10	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	39.37
Number of shares	25

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	0.44	0.28
Usd Total Gains Per Share	0.44	0.28
Gains per Quarter (25 shares)	10.94	7.00
Gains per Year (25 shares)	43.76	27.99

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	0	44	34	0	28	18
2	0	87	78	0	56	46
3	0	131	122	0	84	74
4	0	175	166	0	112	102
5	0	218	210	0	140	130
6	0	262	254	0	168	158
7	0	306	298	0	196	186
8	1	350	342	0	224	214
9	1	393	386	0	252	242
10	1	437	430	0	280	270

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	27.0	13.0	0.0	67.5%	27.0	14.0	0.0	65.9%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	28.0	10.0	2.0	70.0%	29.0	10.0	2.0	70.7%
Dividend per Share	2.0	0.0	2.0	50.0%	8.0	0.0	4.0	66.7%	8.0	0.0	12.0	40.0%	19.0	0.0	21.0	47.5%	19.0	0.0	22.0	46.3%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	29.0	9.0	2.0	72.5%	30.0	9.0	2.0	73.2%

Fundamentals of Summit Materials Inc

About Summit Materials Inc

https://summit-materials.com
Building Materials
5300
1801 California Street, Denver, CO, United States, 80202
Google Maps Bing Maps

Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. The company serves the public infrastructure, and residential and nonresidential end markets. Summit Materials, Inc. was founded in 2009 and is headquartered in Denver, Colorado.

Fundamental data was last updated by Penke on 2024-04-05 02:38:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Summit Materials Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Summit Materials Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
A Net Profit Margin of 0.5% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Summit Materials Inc:

The MRQ is 0.5%. The company is not making a profit/loss.
The TTM is 8.4%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	0.5%	TTM	8.4%	-8.0%
TTM	8.4%	YOY	9.1%	-0.7%
TTM	8.4%	5Y	5.3%	+3.1%
5Y	5.3%	10Y	2.4%	+2.9%

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	0.5%	4.4%	-3.9%
TTM	8.4%	5.3%	+3.1%
YOY	9.1%	6.4%	+2.7%
5Y	5.3%	5.9%	-0.6%
10Y	2.4%	5.7%	-3.3%

Measures how much net profit Summit Materials Inc earns for each $1 of revenue.

Revenue is the amount of profit Summit Materials Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Summit Materials Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be used to compare companies within the Building Materials industry.

You typically want a high profit margin. This means that for each $1 in sales, Summit Materials Inc makes more profit. This shows the investor how efficiently Summit Materials Inc is operating in general and compared to other companies in the same industry. Summit Materials Inc operates in the Building Materials industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Summit Materials Inc. If profit margins remain low (compared to the Building Materials industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Summit Materials Inc is 0.00. This means that Summit Materials Inc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Building Materials industry is 4.4%.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Summit Materials Inc with other companies in the same industry (Building Materials).
Net profit margin should rise over the years.
Can be influenced when Summit Materials Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Summit Materials Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Summit Materials Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Summit Materials Inc = 2,978
Total revenue MRQ Summit Materials Inc = 660,133
$2,978 / $660,133 = 0.00 or 0.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Summit Materials Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
0.1% Return on Assets means that Summit Materials Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Summit Materials Inc:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.6%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	1.6%	-1.6%
TTM	1.6%	YOY	1.6%	+0.0%
TTM	1.6%	5Y	1.0%	+0.6%
5Y	1.0%	10Y	0.6%	+0.4%

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	1.5%	-1.4%
TTM	1.6%	1.5%	+0.1%
YOY	1.6%	1.9%	-0.3%
5Y	1.0%	1.9%	-0.9%
10Y	0.6%	1.9%	-1.3%

Shows how efficient Summit Materials Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Summit Materials Inc is using its resources to generate profit. If the return on assets (0.1%) from Summit Materials Inc are higher than the Building Materials mean (1.5%) that means Summit Materials Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Summit Materials Inc is 0.1%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Building Materials industry is 1.5%.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Summit Materials Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Summit Materials Inc = 2,978
Total assets MRQ (balance sheet) from Summit Materials Inc = 5,149,582
2,978 / 5,149,582 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively Summit Materials Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Summit Materials Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
0.1% Return on Equity means Summit Materials Inc generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Summit Materials Inc:

The MRQ is 0.1%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	3.2%	-3.0%
TTM	3.2%	YOY	3.4%	-0.3%
TTM	3.2%	5Y	2.4%	+0.8%
5Y	2.4%	10Y	1.6%	+0.8%

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	2.7%	-2.6%
TTM	3.2%	2.8%	+0.4%
YOY	3.4%	3.7%	-0.3%
5Y	2.4%	3.6%	-1.2%
10Y	1.6%	3.3%	-1.7%

Shows how efficient Summit Materials Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Building Materials industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Summit Materials Inc is 0.1%. This means Summit Materials Inc generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Building Materials industry is 2.7%.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if Summit Materials Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Summit Materials Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Summit Materials Inc = 2,978
Shareholders equity (balance sheet) MRQ Summit Materials Inc = 2,316,580
2,978 / 2,316,580 = 0.00 or 0.1%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Summit Materials Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Summit Materials Inc is operating .

Measures how much profit Summit Materials Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
An Operating Margin of 11.1% means the company generated $0.11 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Summit Materials Inc:

The MRQ is 11.1%. The company is operating less efficient.
The TTM is 15.6%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	11.1%	TTM	15.6%	-4.5%
TTM	15.6%	YOY	9.1%	+6.4%
TTM	15.6%	5Y	9.3%	+6.3%
5Y	9.3%	10Y	6.1%	+3.2%

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	11.1%	9.8%	+1.3%
TTM	15.6%	6.3%	+9.3%
YOY	9.1%	10.4%	-1.3%
5Y	9.3%	9.8%	-0.5%
10Y	6.1%	8.8%	-2.7%

Measures how efficient Summit Materials Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Summit Materials Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Summit Materials Inc is 11.1%. This means that Summit Materials Inc earned $0.11 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Building Materials industry is 9.8%.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Summit Materials Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Summit Materials Inc = 73,281
Total revenue MRQ Summit Materials Inc = 660,133
$73,281 / $660,133 = 0.11 or 11.1%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Summit Materials Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Building Materials industry mean).
An Operation Ratio of 0.89 means that the operating costs are $0.89 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Summit Materials Inc:

The MRQ is 0.889. The company is less efficient in keeping operating costs low.
The TTM is 0.898. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.889	TTM	0.898	-0.009
TTM	0.898	YOY	0.913	-0.014
TTM	0.898	5Y	0.918	-0.020
5Y	0.918	10Y	0.934	-0.016

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	0.889	1.590	-0.701
TTM	0.898	1.542	-0.644
YOY	0.913	1.395	-0.482
5Y	0.918	1.382	-0.464
10Y	0.934	1.210	-0.276

Measures how efficient Summit Materials Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Summit Materials Inc is 88.9%. This means that Summit Materials Inc earned $0.89 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Building Materials industry is 1.59.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Summit Materials Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(527,226 +59,626) \ 660,133 = 0.89

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Summit Materials Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Summit Materials Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Building Materials industry mean).
A Current Ratio of 5.36 means the company has $5.36 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Summit Materials Inc:

The MRQ is 5.363. The company is very able to pay all its short-term debts. +2
The TTM is 3.477. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	5.363	TTM	3.477	+1.886
TTM	3.477	YOY	3.273	+0.205
TTM	3.477	5Y	2.855	+0.622
5Y	2.855	10Y	2.377	+0.477

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	5.363	1.476	+3.887
TTM	3.477	1.505	+1.972
YOY	3.273	1.500	+1.773
5Y	2.855	1.551	+1.304
10Y	2.377	1.392	+0.985

Measures if Summit Materials Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Building Materials industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Summit Materials Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Summit Materials Inc is 5.36. This means Summit Materials Inc has $5.36 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Building Materials industry is 1.48.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Summit Materials Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,732,124 \ 322,965) = 5.36

The current ratio measures if Summit Materials Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Summit Materials Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Summit Materials Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Summit Materials Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Summit Materials Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
A Quick Ratio of 2.05 means the company can pay off $2.05 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Summit Materials Inc:

The MRQ is 2.048. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 2.015. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.048	TTM	2.015	+0.033
TTM	2.015	YOY	2.505	-0.490
TTM	2.015	5Y	1.992	+0.023
5Y	1.992	10Y	1.622	+0.370

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	2.048	0.683	+1.365
TTM	2.015	0.709	+1.306
YOY	2.505	0.774	+1.731
5Y	1.992	0.825	+1.167
10Y	1.622	0.805	+0.817

Measures if Summit Materials Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Summit Materials Inc can pay off its short term debts. This shows if Summit Materials Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Summit Materials Inc is 2.05. This means that Summit Materials Inc can pay off $2.05 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Building Materials industry is 0.68.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Summit Materials Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Summit Materials Inc: (374,162 + 0 +287,252) / 322,965 = 2.05

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Summit Materials Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Summit Materials Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Summit Materials Inc to Building Materials industry mean.
A Debt to Asset Ratio of 0.55 means that Summit Materials Inc assets are financed with 55.0% credit (debt) and the remaining percentage (100% - 55.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Summit Materials Inc:

The MRQ is 0.550. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.520. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.550	TTM	0.520	+0.030
TTM	0.520	YOY	0.548	-0.028
TTM	0.520	5Y	0.593	-0.073
5Y	0.593	10Y	0.648	-0.055

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	0.550	0.438	+0.112
TTM	0.520	0.442	+0.078
YOY	0.548	0.447	+0.101
5Y	0.593	0.461	+0.132
10Y	0.648	0.459	+0.189

Measures how much % of Summit Materials Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Summit Materials Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Summit Materials Inc to Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Summit Materials Inc is 0.55. This means means that Summit Materials Inc is financed with 55.0% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Building Materials industry is 147.6%.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Summit Materials Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Summit Materials Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
2,833,002 \ 5,149,582 = 55.0% or 0.55.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Summit Materials Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Summit Materials Inc to the Building Materials industry mean.
A Debt to Equity ratio of 122.3% means that company has $1.22 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Summit Materials Inc:

The MRQ is 1.223. The company is able to pay all its debts with equity. +1
The TTM is 1.096. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.223	TTM	1.096	+0.127
TTM	1.096	YOY	1.225	-0.130
TTM	1.096	5Y	1.516	-0.421
5Y	1.516	10Y	2.122	-0.606

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
MRQ	1.223	0.900	+0.323
TTM	1.096	0.911	+0.185
YOY	1.225	0.889	+0.336
5Y	1.516	0.960	+0.556
10Y	2.122	1.006	+1.116

Measures if Summit Materials Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Summit Materials Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Summit Materials Inc is 1.22. This means that Summit Materials Inc can pay off $1.22 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Building Materials industry is 0.90.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Summit Materials Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,833,002 \ 2,316,580 = 1.22 or 122.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Summit Materials Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Summit Materials Inc generates.

Above 15 is considered overpriced but always compare Summit Materials Inc to the Building Materials industry mean.
A PE ratio of 562.66 means the investor is paying $562.66 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Summit Materials Inc:

The EOD is 575.968. Based on the earnings, the company is expensive. -2
The MRQ is 562.655. Based on the earnings, the company is expensive. -2
The TTM is 136.994. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	575.968	MRQ	562.655	+13.313
MRQ	562.655	TTM	136.994	+425.661
TTM	136.994	YOY	4.851	+132.143
TTM	136.994	5Y	34.436	+102.558
5Y	34.436	10Y	-201.882	+236.318

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
EOD	575.968	11.914	+564.054
MRQ	562.655	11.787	+550.868
TTM	136.994	12.395	+124.599
YOY	4.851	11.101	-6.250
5Y	34.436	14.519	+19.917
10Y	-201.882	19.504	-221.386

Measures how much money you pay for each share for every $1 in earnings Summit Materials Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Summit Materials Inc to the Building Materials industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Summit Materials Inc is 562.66. This means the investor is paying $562.66 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Building Materials industry is 11.79.
What is the trend?
The trend is important because it shows you how Summit Materials Inc is performing over time. The most recent quarter might be important if Summit Materials Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Summit Materials Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Summit Materials Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 120,361 = EPS
PE ratio MRQ = 562.66

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Summit Materials Inc:

The EOD is 13.904. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 13.582. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 15.648. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	13.904	MRQ	13.582	+0.321
MRQ	13.582	TTM	15.648	-2.066
TTM	15.648	YOY	-2.287	+17.935
TTM	15.648	5Y	20.049	-4.401
5Y	20.049	10Y	-13.704	+33.754

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
EOD	13.904	5.801	+8.103
MRQ	13.582	6.719	+6.863
TTM	15.648	7.062	+8.586
YOY	-2.287	2.488	-4.775
5Y	20.049	5.647	+14.402
10Y	-13.704	5.068	-18.772

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Summit Materials Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Building Materials industry mean).
A PB ratio of 2.89 means the investor is paying $2.89 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Summit Materials Inc:

The EOD is 2.962. Based on the equity, the company is underpriced. +1
The MRQ is 2.893. Based on the equity, the company is underpriced. +1
The TTM is 2.733. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.962	MRQ	2.893	+0.068
MRQ	2.893	TTM	2.733	+0.160
TTM	2.733	YOY	2.442	+0.291
TTM	2.733	5Y	2.623	+0.111
5Y	2.623	10Y	3.034	-0.411

Compared to industry (Building Materials)

Period	Company	Industry (mean)	+/-
EOD	2.962	1.216	+1.746
MRQ	2.893	1.171	+1.722
TTM	2.733	1.115	+1.618
YOY	2.442	1.287	+1.155
5Y	2.623	1.420	+1.203
10Y	3.034	1.539	+1.495

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Summit Materials Inc.

3.1. Institutions holding Summit Materials Inc

Institutions are holding 69.957% of the shares of Summit Materials Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	6.8735	0.0101	11978367	53079	0.4451
2023-12-31	BlackRock Inc	6.5217	0.0112	11365151	1012957	9.7849
2023-12-31	T. Rowe Price Associates, Inc.	5.0579	0.0456	8814270	3339736	61.0049
2023-12-31	Massachusetts Financial Services Company	3.8162	0.0826	6650459	1137500	20.6332
2023-12-31	Dimensional Fund Advisors, Inc.	3.1324	0.0613	5458814	-77813	-1.4054
2023-12-31	Principal Financial Group Inc	3.0183	0.129	5259949	8888	0.1693
2023-12-31	Macquarie Group Ltd	2.9588	0.2291	5156186	-352979	-6.4071
2023-12-31	Amvescap Plc.	2.1299	0.034	3711805	163797	4.6166
2023-12-31	HHG PLC	1.8818	0.0752	3279352	-490	-0.0149
2023-12-31	Goldman Sachs Group Inc	1.8784	0.0113	3273482	1185605	56.7852
2023-12-31	Victory Capital Management Inc.	1.8512	0.1305	3226073	-611157	-15.927
2023-12-31	ClearBridge Advisors, LLC	1.8234	0.1052	3177677	116540	3.8071
2023-12-31	FMR Inc	1.615	0.0083	2814508	-1066423	-27.4785
2023-12-31	State Street Corporation	1.5359	0.005	2676540	105337	4.0968
2023-12-31	Geode Capital Management, LLC	1.4618	0.0103	2547385	113213	4.651
2023-12-31	Nuveen Asset Management, LLC	1.2773	0.0275	2225951	-63275	-2.764
2023-12-31	Ameriprise Financial Inc	1.0307	0.0207	1796209	684743	61.6072
2023-12-31	River Road Asset Management, LLC	0.9913	0.9224	1727475	109985	6.7997
2023-12-31	Northern Trust Corp	0.8734	0.0106	1521983	12311	0.8155
2023-12-31	Charles Schwab Investment Management Inc	0.8295	0.0141	1445466	28515	2.0124
Total		50.5584	1.944	88107102	+5900069	+6.7%

3.2. Funds holding Summit Materials Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	T. Rowe Price Mid-Cap Value	2.8862	1.4079	5029763	1887221	60.054
2023-12-31	T. Rowe Price US Mid-Cap Value Equity	2.8862	1.4051	5029763	1887221	60.054
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.1381	0.0103	3726092	-10244	-0.2742
2024-02-29	Vanguard Small Cap Index	1.7618	0.0933	3070259	28500	0.937
2023-12-31	Janus Henderson US SMID Cap Growth	1.6992	1.6771	2961079	0	0
2023-12-31	Janus Henderson Triton D	1.6992	1.67	2961079	0	0
2024-02-29	iShares Russell 2000 ETF	1.6686	0.1992	2907785	-475	-0.0163
2023-12-31	Macquarie US Small Cap Core Equity	1.5623	1.4008	2722567	-196405	-6.7286
2024-01-31	Delaware Small Cap Core I	1.5438	1.3755	2690317	-32250	-1.1845
2023-12-31	T. Rowe Price U.S. Mid-Cap Val Eq Tr-Z	1.4777	1.4016	2575170	1041182	67.8742
2024-02-29	Principal MidCap R5	1.4079	0.4485	2453506	38550	1.5963
2023-12-31	Principal Aligned MidCap Equity	1.3858	0.4296	2414956	-13886	-0.5717
2023-12-31	Fidelity Small Cap Value Fund	1.2724	1.7538	2217300	0	0
2024-02-29	Vanguard Small Cap Value Index Inv	1.2007	0.1681	2092401	11019	0.5294
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.0137	0.0739	1766560	1267	0.0718
2023-12-31	Vanguard Explorer Inv	0.9076	0.2845	1581687	0	0
2023-12-31	Victory Sycamore Small Company Opp R	0.9055	0.8646	1578000	-272000	-14.7027
2023-12-31	Victory Small Cap Value CIT (Net 75)	0.9055	0.8629	1578000	-272000	-14.7027
2024-01-31	DFA US Small Cap Value I	0.8397	0.3498	1463394	-72673	-4.7311
2024-02-29	MFS Massachusetts Investors Tr A	0.8022	0.8964	1397938	-10498	-0.7454
Total		29.9641	16.7729	52217616	+4014529	+7.7%

3.3. Insider Transactions

Insiders are holding 32.121% of the shares of Summit Materials Inc.

Date	Owner	Type	Amount	Price
2021-11-15	Anne K Wade	SELL	4098	41.11
2021-11-08	John Raymond Murphy	SELL	5137	37.99
2021-06-15	Howard L Lance	SELL	82500	34.53

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Summit Materials Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.051	0.437	-88%	0.271	-81%	0.280	-82%	0.291	-83%
Book Value Per Share	-	-	13.293	12.450	+7%	11.004	+21%	9.964	+33%	7.417	+79%
Current Ratio	-	-	5.363	3.477	+54%	3.273	+64%	2.855	+88%	2.377	+126%
Debt To Asset Ratio	-	-	0.550	0.520	+6%	0.548	+0%	0.593	-7%	0.648	-15%
Debt To Equity Ratio	-	-	1.223	1.096	+12%	1.225	0%	1.516	-19%	2.122	-42%
Dividend Per Share	-	-	0.002	0.001	+249%	0.001	+133%	0.000	+569%	0.006	-64%
Eps	-	-	0.017	0.410	-96%	0.390	-96%	0.260	-93%	0.160	-89%
Free Cash Flow Per Share	-	-	0.708	0.265	+167%	0.025	+2742%	0.213	+232%	0.134	+428%
Free Cash Flow To Equity Per Share	-	-	5.203	1.172	+344%	-0.318	+106%	0.235	+2111%	0.385	+1250%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	12.515	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-4.045	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.759	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.378	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	2.657	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.465	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	5.011	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.186	-	-	-	-	-	-	-	-
Market Cap	6860931160.000	+2%	6702347280.000	5922497980.000	+13%	4648598900.000	+44%	4587953636.000	+46%	3906720418.850	+72%
Net Profit Margin	-	-	0.005	0.084	-95%	0.091	-95%	0.053	-91%	0.024	-81%
Operating Margin	-	-	0.111	0.156	-29%	0.091	+21%	0.093	+19%	0.061	+83%
Operating Ratio	-	-	0.889	0.898	-1%	0.913	-3%	0.918	-3%	0.934	-5%
Pb Ratio	2.962	+2%	2.893	2.733	+6%	2.442	+18%	2.623	+10%	3.034	-5%
Pe Ratio	575.968	+2%	562.655	136.994	+311%	4.851	+11500%	34.436	+1534%	-201.882	+136%
Price Per Share	39.370	+2%	38.460	33.985	+13%	26.675	+44%	26.327	+46%	22.418	+72%
Price To Free Cash Flow Ratio	13.904	+2%	13.582	15.648	-13%	-2.287	+117%	20.049	-32%	-13.704	+201%
Price To Total Gains Ratio	741.241	+2%	724.108	165.633	+337%	51.607	+1303%	-72.541	+110%	22.096	+3177%
Quick Ratio	-	-	2.048	2.015	+2%	2.505	-18%	1.992	+3%	1.622	+26%
Return On Assets	-	-	0.001	0.016	-96%	0.016	-96%	0.010	-94%	0.006	-91%
Return On Equity	-	-	0.001	0.032	-96%	0.034	-96%	0.024	-95%	0.016	-92%
Total Gains Per Share	-	-	0.053	0.438	-88%	0.272	-80%	0.280	-81%	0.298	-82%
Usd Book Value	-	-	2316580000.000	2169555750.000	+7%	1917628250.000	+21%	1736473850.000	+33%	1292474000.000	+79%
Usd Book Value Change Per Share	-	-	0.051	0.437	-88%	0.271	-81%	0.280	-82%	0.291	-83%
Usd Book Value Per Share	-	-	13.293	12.450	+7%	11.004	+21%	9.964	+33%	7.417	+79%
Usd Dividend Per Share	-	-	0.002	0.001	+249%	0.001	+133%	0.000	+569%	0.006	-64%
Usd Eps	-	-	0.017	0.410	-96%	0.390	-96%	0.260	-93%	0.160	-89%
Usd Free Cash Flow	-	-	123365000.000	46201750.000	+167%	4341250.000	+2742%	37171400.000	+232%	23342700.000	+428%
Usd Free Cash Flow Per Share	-	-	0.708	0.265	+167%	0.025	+2742%	0.213	+232%	0.134	+428%
Usd Free Cash Flow To Equity Per Share	-	-	5.203	1.172	+344%	-0.318	+106%	0.235	+2111%	0.385	+1250%
Usd Market Cap	6860931160.000	+2%	6702347280.000	5922497980.000	+13%	4648598900.000	+44%	4587953636.000	+46%	3906720418.850	+72%
Usd Price Per Share	39.370	+2%	38.460	33.985	+13%	26.675	+44%	26.327	+46%	22.418	+72%
Usd Profit	-	-	2978000.000	71362000.000	-96%	67909250.000	-96%	45315100.000	-93%	27888750.000	-89%
Usd Revenue	-	-	660133000.000	654867000.000	+1%	603130500.000	+9%	599812500.000	+10%	507310450.000	+30%
Usd Total Gains Per Share	-	-	0.053	0.438	-88%	0.272	-80%	0.280	-81%	0.298	-82%
	EOD	+4 -4	MRQ	TTM	+19 -16	YOY	+19 -16	5Y	+22 -13	10Y	+20 -15

4.2. Fundamental Score

Let's check the fundamental score of Summit Materials Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	575.968
Price to Book Ratio (EOD)	Between	0-1	2.962
Net Profit Margin (MRQ)	Greater than	0	0.005
Operating Margin (MRQ)	Greater than	0	0.111
Quick Ratio (MRQ)	Greater than	1	2.048
Current Ratio (MRQ)	Greater than	1	5.363
Debt to Asset Ratio (MRQ)	Less than	1	0.550
Debt to Equity Ratio (MRQ)	Less than	1	1.223
Return on Equity (MRQ)	Greater than	0.15	0.001
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			5/10 (50.0%)

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4.3. Technical Score

Let's check the technical score of Summit Materials Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.003
Ma 20	Greater than	Ma 50	40.976
Ma 50	Greater than	Ma 100	41.713
Ma 100	Greater than	Ma 200	39.373
Open	Greater than	Close	38.190
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	5,149,582
Total Liabilities	2,833,002
Total Stockholder Equity	2,316,580

	As reported
Total Liabilities	2,833,002
Total Stockholder Equity	+ 2,316,580
Total Assets	= 5,149,582

Assets

Total Assets	5,149,582
Total Current Assets	1,732,124
Long-term Assets	3,417,458

Total Current Assets

Total Current Assets (as reported)	1,732,124
Cash And Cash Equivalents	374,162
Net Receivables	287,252
Inventory	241,350
Other Current Assets	829,360
Total Current Assets (calculated)	1,732,124
+/-	0

Long-term Assets

Long-term Assets (as reported)	3,417,458
Property Plant Equipment	2,013,373
Goodwill	1,224,861
Intangible Assets	68,081
Long-term Assets Other	59,134
Long-term Assets (calculated)	3,365,449
+/-	52,009

Liabilities & Shareholders' Equity

Total Current Liabilities	322,965
Long-term Liabilities	2,510,037
Total Stockholder Equity	2,316,580

Total Current Liabilities

Total Current Liabilities (as reported)	322,965
Short-term Debt	12,418
Short Long Term Debt	3,822
Accounts payable	123,621
Other Current Liabilities	186,926
Total Current Liabilities (calculated)	326,787
+/-	3,822

Long-term Liabilities

Long-term Liabilities (as reported)	2,510,037
Long term Debt	2,283,639
Capital Lease Obligations	45,846
Long-term Liabilities Other	151,892
Long-term Liabilities (calculated)	2,481,377
+/-	28,660

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,316,580
Common Stock	1,196
Accumulated Other Comprehensive Income	7,275
Other Stockholders Equity	2,308,109
Total Stockholder Equity (calculated)	2,316,580
+/-	0

Other

Capital Stock	1,196
Cash and Short Term Investments	374,162
Common Stock Shares Outstanding	120,361
Current Deferred Revenue	8,228
Liabilities and Stockholders Equity	5,149,582
Net Debt	1,955,125
Net Invested Capital	4,594,496
Net Working Capital	1,409,159
Property Plant and Equipment Gross	3,412,841
Short Long Term Debt Total	2,329,287

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

> Total Assets

1,251,060
0
0
1,749,758
1,729,777
2,018,254
1,815,492
2,330,241
2,396,179
2,614,048
2,702,495
2,781,038
2,781,466
2,971,863
3,365,168
3,992,792
3,787,333
3,756,580
3,824,256
3,896,334
3,857,641
3,861,361
3,954,856
4,042,114
4,067,556
3,992,268
4,111,218
4,292,170
4,308,011
4,351,257
4,452,385
4,216,649
4,239,125
4,143,245
4,290,803
4,284,955
4,255,692
4,214,940
4,395,487
4,364,964
5,149,582

5,149,582

4,364,964

4,395,487

4,214,940

4,255,692

4,284,955

4,290,803

4,143,245

4,239,125

4,216,649

4,452,385

4,351,257

4,308,011

4,292,170

4,111,218

3,992,268

4,067,556

4,042,114

3,954,856

3,861,361

3,857,641

3,896,334

3,824,256

3,756,580

3,787,333

3,992,792

3,365,168

2,971,863

2,781,466

2,781,038

2,702,495

2,614,048

2,396,179

2,330,241

1,815,492

2,018,254

1,729,777

1,749,758

1,251,060

> Total Current Assets

237,900
0
0
343,159
293,416
587,540
349,620
418,899
472,528
419,548
434,021
491,098
483,698
524,913
825,059
815,342
783,601
611,552
621,323
659,680
591,540
510,610
628,387
778,416
796,281
688,256
821,984
865,541
893,279
858,435
1,027,917
834,782
869,610
777,840
1,056,461
1,093,310
1,018,376
890,890
906,302
877,203
1,732,124

1,732,124

877,203

906,302

890,890

1,018,376

1,093,310

1,056,461

777,840

869,610

834,782

1,027,917

858,435

893,279

865,541

821,984

688,256

796,281

778,416

628,387

510,610

591,540

659,680

621,323

611,552

783,601

815,342

825,059

524,913

483,698

491,098

434,021

419,548

472,528

418,899

349,620

587,540

293,416

343,159

237,900

Cash And Cash Equivalents

18,183
0
0
9,995
13,215
314,980
12,570
18,987
186,405
92,244
9,168
31,643
143,392
156,107
353,063
287,082
383,556
178,293
50,404
64,930
128,508
64,837
67,658
182,589
311,319
199,114
253,407
288,757
418,181
359,741
469,097
258,083
380,961
287,392
465,315
471,666
520,451
379,457
230,010
197,475
374,162

374,162

197,475

230,010

379,457

520,451

471,666

465,315

287,392

380,961

258,083

469,097

359,741

418,181

288,757

253,407

199,114

311,319

182,589

67,658

64,837

128,508

64,930

50,404

178,293

383,556

287,082

353,063

156,107

143,392

31,643

9,168

92,244

186,405

18,987

12,570

314,980

13,215

9,995

18,183

Short-term Investments

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
0
44,001
0
0
0
0
0
0
0
0
0
0
0
0
0

44,001

Net Receivables

110,104
0
0
205,870
151,476
121,777
188,780
240,114
151,234
140,310
242,074
286,227
169,827
169,770
276,758
334,807
207,842
192,767
313,300
349,299
233,120
212,490
339,975
386,775
266,344
242,534
324,467
353,378
263,362
267,182
345,332
367,532
294,826
252,562
365,079
397,524
263,179
250,956
405,819
416,914
287,252

287,252

416,914

405,819

250,956

263,179

397,524

365,079

252,562

294,826

367,532

345,332

267,182

263,362

353,378

324,467

242,534

266,344

386,775

339,975

212,490

233,120

349,299

313,300

192,767

207,842

334,807

276,758

169,770

169,827

286,227

242,074

140,310

151,234

240,114

188,780

121,777

151,476

205,870

110,104

Inventory

96,432
0
0
111,137
111,553
133,307
128,417
138,036
130,082
171,991
174,739
164,875
157,679
186,998
182,886
181,784
184,439
226,750
245,238
229,761
213,851
214,038
208,136
197,015
204,787
231,413
231,942
209,774
200,308
210,934
198,217
195,312
180,760
187,009
209,875
202,783
212,491
234,564
246,275
243,136
241,350

241,350

243,136

246,275

234,564

212,491

202,783

209,875

187,009

180,760

195,312

198,217

210,934

200,308

209,774

231,942

231,413

204,787

197,015

208,136

214,038

213,851

229,761

245,238

226,750

184,439

181,784

182,886

186,998

157,679

164,875

174,739

171,991

130,082

138,036

128,417

133,307

111,553

111,137

96,432

Other Current Assets

13,181
0
0
16,157
17,172
17,476
19,853
21,762
4,807
15,003
8,040
8,353
12,800
12,038
12,352
11,669
7,764
13,742
12,381
15,690
16,061
19,245
12,618
12,037
13,831
15,195
12,168
13,632
11,428
20,578
15,271
13,855
13,063
14,305
14,393
20,132
20,787
24,608
22,336
17,976
829,360

829,360

17,976

22,336

24,608

20,787

20,132

14,393

14,305

13,063

13,855

15,271

20,578

11,428

13,632

12,168

15,195

13,831

12,037

12,618

19,245

16,061

15,690

12,381

13,742

7,764

11,669

12,352

12,038

12,800

8,353

8,040

15,003

4,807

21,762

19,853

17,476

17,172

16,157

13,181

> Long-term Assets

1,013,160
0
0
1,406,599
1,436,361
1,430,714
1,465,872
1,911,342
1,923,651
2,194,500
2,268,474
2,289,940
2,297,768
2,446,950
2,540,109
3,177,450
3,003,732
3,145,028
3,202,933
3,236,654
3,266,101
3,350,751
3,326,469
3,263,698
3,271,275
3,304,012
3,289,234
3,426,629
3,414,732
3,492,822
3,424,468
3,381,867
3,369,515
3,365,405
3,234,342
3,191,645
3,237,316
3,324,050
3,489,185
3,487,761
3,417,458

3,417,458

3,487,761

3,489,185

3,324,050

3,237,316

3,191,645

3,234,342

3,365,405

3,369,515

3,381,867

3,424,468

3,492,822

3,414,732

3,426,629

3,289,234

3,304,012

3,271,275

3,263,698

3,326,469

3,350,751

3,266,101

3,236,654

3,202,933

3,145,028

3,003,732

3,177,450

2,540,109

2,446,950

2,297,768

2,289,940

2,268,474

2,194,500

1,923,651

1,911,342

1,465,872

1,430,714

1,436,361

1,406,599

1,013,160

Property Plant Equipment

831,778
0
0
946,980
950,601
948,129
985,081
1,276,227
1,269,006
1,397,702
1,439,194
1,456,491
1,444,367
1,528,259
1,555,816
1,620,123
1,615,424
1,672,880
1,733,653
1,751,810
1,780,132
1,834,344
1,822,765
1,795,352
1,780,226
1,799,230
1,782,568
1,791,617
1,878,712
1,925,913
1,894,005
1,868,478
1,873,058
1,795,360
1,817,251
1,799,451
1,851,591
1,904,050
2,015,999
2,012,912
2,013,373

2,013,373

2,012,912

2,015,999

1,904,050

1,851,591

1,799,451

1,817,251

1,795,360

1,873,058

1,868,478

1,894,005

1,925,913

1,878,712

1,791,617

1,782,568

1,799,230

1,780,226

1,795,352

1,822,765

1,834,344

1,780,132

1,751,810

1,733,653

1,672,880

1,615,424

1,620,123

1,555,816

1,528,259

1,444,367

1,456,491

1,439,194

1,397,702

1,269,006

1,276,227

985,081

948,129

950,601

946,980

831,778

Goodwill

127,038
0
0
390,338
419,270
415,582
418,659
567,836
596,397
735,746
757,658
760,448
781,824
848,034
918,511
1,012,771
1,036,320
1,109,448
1,114,967
1,147,588
1,192,028
1,195,262
1,198,177
1,198,496
1,199,699
1,195,557
1,196,999
1,303,086
1,201,291
1,201,426
1,176,351
1,174,855
1,163,750
1,146,276
1,144,282
1,131,764
1,132,546
1,159,525
1,228,468
1,241,472
1,224,861

1,224,861

1,241,472

1,228,468

1,159,525

1,132,546

1,131,764

1,144,282

1,146,276

1,163,750

1,174,855

1,176,351

1,201,426

1,201,291

1,303,086

1,196,999

1,195,557

1,199,699

1,198,496

1,198,177

1,195,262

1,192,028

1,147,588

1,114,967

1,109,448

1,036,320

1,012,771

918,511

848,034

781,824

760,448

757,658

735,746

596,397

567,836

418,659

415,582

419,270

390,338

127,038

Intangible Assets

15,147
0
0
18,026
17,647
16,891
16,257
15,481
15,005
14,521
25,582
25,205
24,576
17,685
17,344
16,995
16,833
16,621
16,294
18,892
18,460
18,051
17,653
24,446
23,498
22,793
38,644
37,923
47,852
71,486
71,409
70,338
69,396
67,015
68,375
67,253
71,384
70,485
69,714
68,814
68,081

68,081

68,814

69,714

70,485

71,384

67,253

68,375

67,015

69,396

70,338

71,409

71,486

47,852

37,923

38,644

22,793

23,498

24,446

17,653

18,051

18,460

18,892

16,294

16,621

16,833

16,995

17,344

17,685

24,576

25,205

25,582

14,521

15,005

15,481

16,257

16,891

17,647

18,026

15,147

Long-term Assets Other

39,197
0
0
51,255
48,843
50,112
45,875
51,798
43,243
46,531
46,040
47,796
47,001
52,972
48,438
50,068
51,063
48,350
50,413
50,832
50,084
49,990
50,785
51,772
55,519
48,510
49,511
52,103
55,000
53,432
55,981
57,807
58,745
145,382
42,492
42,078
44,809
45,523
48,187
51,201
59,134

59,134

51,201

48,187

45,523

44,809

42,078

42,492

145,382

58,745

57,807

55,981

53,432

55,000

52,103

49,511

48,510

55,519

51,772

50,785

49,990

50,084

50,832

50,413

48,350

51,063

50,068

48,438

52,972

47,001

47,796

46,040

46,531

43,243

51,798

45,875

50,112

48,843

51,255

39,197

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
477,493
284,092
297,729
287,606
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

287,606

297,729

284,092

477,493

> Total Liabilities

964,243
0
0
1,455,678
1,442,794
1,389,983
1,196,605
1,608,048
1,628,319
1,884,392
1,924,237
1,935,303
1,921,427
1,924,143
2,252,219
2,775,428
2,515,612
2,521,233
2,546,485
2,537,464
2,515,496
2,582,886
2,632,085
2,655,336
2,622,783
2,596,409
2,649,355
2,722,674
2,691,743
2,736,697
2,757,463
2,444,885
2,415,913
2,396,748
2,350,001
2,313,731
2,243,702
2,234,994
2,321,523
2,057,231
2,833,002

2,833,002

2,057,231

2,321,523

2,234,994

2,243,702

2,313,731

2,350,001

2,396,748

2,415,913

2,444,885

2,757,463

2,736,697

2,691,743

2,722,674

2,649,355

2,596,409

2,622,783

2,655,336

2,632,085

2,582,886

2,515,496

2,537,464

2,546,485

2,521,233

2,515,612

2,775,428

2,252,219

1,924,143

1,921,427

1,935,303

1,924,237

1,884,392

1,628,319

1,608,048

1,196,605

1,389,983

1,442,794

1,455,678

964,243

> Total Current Liabilities

179,473
0
0
233,408
212,985
190,887
283,611
303,427
214,504
205,487
258,510
267,316
239,288
243,322
277,171
315,123
249,975
281,263
299,490
286,416
260,657
259,260
304,825
332,072
299,297
285,828
336,694
355,867
322,689
321,717
341,855
330,909
309,070
305,071
332,962
322,770
255,847
260,526
346,981
348,880
322,965

322,965

348,880

346,981

260,526

255,847

322,770

332,962

305,071

309,070

330,909

341,855

321,717

322,689

355,867

336,694

285,828

299,297

332,072

304,825

259,260

260,657

286,416

299,490

281,263

249,975

315,123

277,171

243,322

239,288

267,316

258,510

205,487

214,504

303,427

283,611

190,887

212,985

233,408

179,473

Short-term Debt

32,288
0
0
45,600
22,805
23,201
71,275
84,190
21,763
19,009
20,500
6,500
6,500
23,896
6,500
6,500
4,765
29,087
6,354
19,720
6,354
30,270
31,040
32,251
16,369
36,797
16,324
16,135
14,542
35,105
32,734
30,596
12,851
26,522
12,858
12,835
12,392
12,611
12,803
12,567
12,418

12,418

12,567

12,803

12,611

12,392

12,835

12,858

26,522

12,851

30,596

32,734

35,105

14,542

16,135

16,324

36,797

16,369

32,251

31,040

30,270

6,354

19,720

6,354

29,087

4,765

6,500

23,896

6,500

20,500

19,009

21,763

84,190

71,275

23,201

22,805

45,600

32,288

Short Long Term Debt

0
0
0
0
5,275
0
0
0
6,500
0
20,500
6,500
6,500
6,500
1,834,051
6,500
4,765
6,354
6,354
4,765
6,354
4,765
4,765
6,354
7,942
7,942
7,942
7,942
6,354
6,354
6,354
6,354
6,354
6,354
6,354
6,354
5,096
5,096
5,096
3,822
3,822

3,822

5,096

6,354

7,942

6,354

4,765

6,354

4,765

6,354

4,765

6,500

1,834,051

6,500

20,500

6,500

5,275

Accounts payable

72,104
0
0
87,604
78,854
70,840
90,822
113,226
81,397
91,560
103,624
113,329
81,565
105,390
116,817
134,925
98,744
110,348
144,284
140,174
107,702
101,843
131,391
152,232
116,359
122,350
138,330
149,475
120,813
150,243
152,285
155,919
128,232
146,292
167,643
166,592
104,031
138,961
171,221
173,127
123,621

123,621

173,127

171,221

138,961

104,031

166,592

167,643

146,292

128,232

155,919

152,285

150,243

120,813

149,475

138,330

122,350

116,359

152,232

131,391

101,843

107,702

140,174

144,284

110,348

98,744

134,925

116,817

105,390

81,565

113,329

103,624

91,560

81,397

113,226

90,822

70,840

78,854

87,604

72,104

Other Current Liabilities

65,818
0
0
90,671
102,368
88,537
113,173
95,006
98,263
84,251
124,691
130,618
135,767
101,176
136,981
155,655
130,716
126,697
134,128
113,450
134,761
116,491
131,661
135,113
152,705
112,659
169,484
176,032
170,835
122,439
144,312
132,763
160,586
125,523
146,656
136,200
133,685
104,721
155,903
154,647
186,926

186,926

154,647

155,903

104,721

133,685

136,200

146,656

125,523

160,586

132,763

144,312

122,439

170,835

176,032

169,484

112,659

152,705

135,113

131,661

116,491

134,761

113,450

134,128

126,697

130,716

155,655

136,981

101,176

135,767

130,618

124,691

84,251

98,263

95,006

113,173

88,537

102,368

90,671

65,818

> Long-term Liabilities

784,770
0
0
1,222,270
1,229,809
1,199,096
912,994
1,304,621
1,413,815
1,678,905
1,665,727
1,667,987
1,682,139
1,680,821
1,975,048
2,460,305
2,265,637
2,239,970
2,246,995
2,251,048
2,254,839
2,323,626
2,327,260
2,323,264
2,323,486
2,310,581
2,312,661
2,366,807
2,369,054
2,414,980
2,415,608
2,113,976
2,106,843
2,091,677
2,017,039
1,990,961
1,987,855
1,974,468
1,974,542
1,708,351
2,510,037

2,510,037

1,708,351

1,974,542

1,974,468

1,987,855

1,990,961

2,017,039

2,091,677

2,106,843

2,113,976

2,415,608

2,414,980

2,369,054

2,366,807

2,312,661

2,310,581

2,323,486

2,323,264

2,327,260

2,323,626

2,254,839

2,251,048

2,246,995

2,239,970

2,265,637

2,460,305

1,975,048

1,680,821

1,682,139

1,667,987

1,665,727

1,678,905

1,413,815

1,304,621

912,994

1,199,096

1,229,809

1,222,270

784,770

Long term Debt Total

0
0
0
0
0
1,057,418
755,972
1,148,068
1,273,652
0
0
0
0
0
0
0
0
0
0
0
1,807,502
1,855,346
1,854,189
1,853,414
1,851,057
1,850,289
1,849,520
1,893,212
1,924,074
1,917,240
1,911,782
1,610,238
1,606,001
1,590,050
1,516,705
1,492,429
1,495,736
1,487,783
1,487,289
1,488,069
0

1,488,069

1,487,289

1,487,783

1,495,736

1,492,429

1,516,705

1,590,050

1,606,001

1,610,238

1,911,782

1,917,240

1,924,074

1,893,212

1,849,520

1,850,289

1,851,057

1,853,414

1,854,189

1,855,346

1,807,502

1,273,652

1,148,068

755,972

1,057,418

Long term Debt

664,725
0
0
0
1,073,322
1,057,418
755,972
1,148,068
1,273,652
1,517,680
1,516,733
1,515,381
1,542,004
1,513,057
1,807,713
1,807,064
1,827,280
1,808,535
1,807,290
1,808,190
1,807,502
1,855,346
1,854,189
1,853,414
1,851,057
1,850,289
1,849,520
1,858,299
1,892,347
1,891,522
1,890,697
1,591,989
1,591,019
1,590,050
1,516,705
1,492,429
1,488,569
1,487,783
1,487,289
1,488,069
2,283,639

2,283,639

1,488,069

1,487,289

1,487,783

1,488,569

1,492,429

1,516,705

1,590,050

1,591,019

1,591,989

1,890,697

1,891,522

1,892,347

1,858,299

1,849,520

1,850,289

1,851,057

1,853,414

1,854,189

1,855,346

1,807,502

1,808,190

1,807,290

1,808,535

1,827,280

1,807,064

1,807,713

1,513,057

1,542,004

1,515,381

1,516,733

1,517,680

1,273,652

1,148,068

755,972

1,057,418

1,073,322

664,725

Capital Lease Obligations

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,705
52,889
51,226
49,815
52,135
54,612
54,388
54,289
50,997
48,696
45,838
53,001
48,185
36,690
36,426
43,033
41,830
41,270
43,583
45,846

45,846

43,583

41,270

41,830

43,033

36,426

36,690

48,185

53,001

45,838

48,696

50,997

54,289

54,388

54,612

52,135

49,815

51,226

52,889

52,705

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
477,493
284,092
297,729
287,606
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

287,606

297,729

284,092

477,493

Other Liabilities

65,052
0
0
0
88,395
141,678
157,022
156,553
88,685
161,225
148,994
152,606
140,135
167,764
167,335
653,241
434,365
431,435
439,705
442,858
413,737
403,229
405,334
405,428
406,638
399,712
406,023
417,355
455,207
475,494
502,595
500,391
486,944
463,053
470,148
468,587
456,382
446,067
447,870
180,264
0

180,264

447,870

446,067

456,382

468,587

470,148

463,053

486,944

500,391

502,595

475,494

455,207

417,355

406,023

399,712

406,638

405,428

405,334

403,229

413,737

442,858

439,705

431,435

434,365

653,241

167,335

167,764

140,135

152,606

148,994

161,225

88,685

156,553

157,022

141,678

88,395

65,052

Long-term Liabilities Other

0
0
0
0
0
141,678
157,022
156,553
140,163
1,678,905
1,665,727
1,667,987
1,682,139
1,680,821
1,975,048
2,460,305
2,265,637
2,239,970
2,246,995
2,251,048
2,254,839
2,323,593
96,636
93,761
2,323,486
2,310,581
2,312,661
2,366,807
2,369,054
2,414,980
173,783
2,113,976
2,106,843
2,091,677
142,647
1,990,961
1,987,855
379,878
131,066
133,301
151,892

151,892

133,301

131,066

379,878

1,987,855

1,990,961

142,647

2,091,677

2,106,843

2,113,976

173,783

2,414,980

2,369,054

2,366,807

2,312,661

2,310,581

2,323,486

93,761

96,636

2,323,593

2,254,839

2,251,048

2,246,995

2,239,970

2,265,637

2,460,305

1,975,048

1,680,821

1,682,139

1,667,987

1,665,727

1,678,905

140,163

156,553

157,022

141,678

> Total Stockholder Equity

285,606
0
0
292,792
285,685
446,161
448,381
603,132
628,265
610,267
682,112
774,638
842,044
1,034,619
1,099,528
1,201,560
1,258,543
1,224,949
1,266,446
1,344,860
1,327,741
1,266,856
1,309,511
1,371,436
1,427,407
1,381,594
1,445,698
1,551,243
1,597,801
1,601,527
1,684,374
1,761,871
1,813,567
1,737,288
1,929,033
1,958,617
1,999,286
1,967,711
2,060,608
2,293,581
2,316,580

2,316,580

2,293,581

2,060,608

1,967,711

1,999,286

1,958,617

1,929,033

1,737,288

1,813,567

1,761,871

1,684,374

1,601,527

1,597,801

1,551,243

1,445,698

1,381,594

1,427,407

1,371,436

1,309,511

1,266,856

1,327,741

1,344,860

1,266,446

1,224,949

1,258,543

1,201,560

1,099,528

1,034,619

842,044

774,638

682,112

610,267

628,265

603,132

448,381

446,161

285,685

292,792

285,606

Common Stock

482,010
0
0
506,360
506,361
956
956
1,180
1,187
1,188
1,320
1,043
961
1,065
1,076
1,085
1,104
1,116
1,117
1,117
1,117
1,121
1,122
1,124
1,134
1,142
1,142
1,142
1,145
1,167
1,180
1,186
1,188
1,181
1,182
1,165
1,185
1,189
1,190
1,192
1,196

1,196

1,192

1,190

1,189

1,185

1,165

1,182

1,181

1,188

1,186

1,180

1,167

1,145

1,142

1,134

1,124

1,122

1,121

1,117

1,116

1,104

1,085

1,076

1,065

961

1,043

1,320

1,188

1,187

1,180

956

506,361

506,360

482,010

Retained Earnings

-198,511
0
0
-218,128
-217,416
-10,151
-10,356
4,355
10,870
-11,932
1,439
46,259
19,028
-33,416
16,584
95,636
95,833
42,104
77,613
148,902
129,739
60,967
97,377
153,134
188,805
143,826
200,890
291,620
326,772
304,255
360,914
435,118
478,956
397,170
587,283
620,320
590,895
560,091
643,728
873,773
876,751

876,751

873,773

643,728

560,091

590,895

620,320

587,283

397,170

478,956

435,118

360,914

304,255

326,772

291,620

200,890

143,826

188,805

153,134

97,377

60,967

129,739

148,902

77,613

42,104

95,833

95,636

16,584

-33,416

19,028

46,259

1,439

-11,932

10,870

4,355

-10,356

-10,151

-217,416

-218,128

-198,511

Accumulated Other Comprehensive Income

-6,045
0
0
-7,236
-15,546
-1,050
14
-2,607
-2,795
-1,597
-1,981
-2,865
-2,249
-1,186
2,273
6,688
7,386
4,823
4,645
6,134
2,681
4,265
5,791
4,938
3,448
-2,645
-497
975
5,203
6,838
8,866
5,670
7,083
8,389
4,193
-3,470
3,084
3,245
6,326
3,296
7,275

7,275

3,296

6,326

3,245

3,084

-3,470

4,193

8,389

7,083

5,670

8,866

6,838

5,203

975

-497

-2,645

3,448

4,938

5,791

4,265

2,681

6,134

4,645

4,823

7,386

6,688

2,273

-1,186

-2,249

-2,865

-1,981

-1,597

-2,795

-2,607

-1,050

-15,546

-7,236

-6,045

Capital Surplus

0
0
0
0
0
456,406
457,767
600,204
619,003
622,608
681,334
730,201
824,304
1,068,156
1,079,595
1,098,151
1,154,220
1,176,906
1,183,071
1,188,707
1,194,204
1,200,503
1,205,221
1,212,240
1,234,020
1,239,271
1,244,163
1,257,506
1,264,681
1,289,267
1,313,414
1,319,897
1,326,340
1,330,548
1,336,375
1,340,602
1,404,122
1,403,186
1,409,364
1,415,320
0

1,415,320

1,409,364

1,403,186

1,404,122

1,340,602

1,336,375

1,330,548

1,326,340

1,319,897

1,313,414

1,289,267

1,264,681

1,257,506

1,244,163

1,239,271

1,234,020

1,212,240

1,205,221

1,200,503

1,194,204

1,188,707

1,183,071

1,176,906

1,154,220

1,098,151

1,079,595

1,068,156

824,304

730,201

681,334

622,608

619,003

600,204

457,767

456,406

Treasury Stock

-767,860

-722,193

-618,887

-628,271

Other Stockholders Equity

8,152
0
0
11,796
12,286
456,406
457,767
600,139
618,960
622,564
681,393
730,203
824,304
1,068,105
1,079,555
1,098,151
1,154,257
1,176,906
1,183,071
1,188,726
1,194,204
1,200,503
1,205,221
1,212,240
1,234,020
1,239,271
1,244,163
1,257,506
1,264,681
1,289,267
1,313,414
1,319,897
1,326,340
1,330,548
1,336,375
1,340,602
1,404,122
1,403,186
1,409,364
1,415,320
2,308,109

2,308,109

1,415,320

1,409,364

1,403,186

1,404,122

1,340,602

1,336,375

1,330,548

1,326,340

1,319,897

1,313,414

1,289,267

1,264,681

1,257,506

1,244,163

1,239,271

1,234,020

1,212,240

1,205,221

1,200,503

1,194,204

1,188,726

1,183,071

1,176,906

1,154,257

1,098,151

1,079,555

1,068,105

824,304

730,203

681,393

622,564

618,960

600,139

457,767

456,406

12,286

11,796

8,152

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Accounts Payable	123,621	104,031	128,232	120,813	116,359	107,702	98,744	81,565	81,397	78,854	72,104	61,634	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	7,275	3,084	7,083	5,203	3,448	2,681	7,386	-2,249	-2,795	-15,546	-6,045	-9,130	0
Additional Paid In Capital	0	0	0	0	0	0	1,154,220	824,304	767,860	0	0	0	0
Capital Lease Obligations	45,846	43,033	53,001	54,289	49,815	15,557	19,276	11,766	0	0	0	0	0
Capital Stock	1,196	1,185	1,188	1,145	1,134	1,117	0	0	0	0	0	0	0
Capital Surpluse	0	1,404,122	1,326,340	1,264,681	1,234,020	1,194,204	1,154,220	824,304	619,003	0	0	0	0
Cash	374,162	520,451	380,961	418,181	311,319	128,508	383,556	143,392	186,405	13,215	18,183	30,697	0
Cash And Equivalents	0	520,451	380,961	418,181	311,319	128,508	383,556	143,392	0	0	0	0	0
Cash And Short Term Investments	374,162	520,451	380,961	418,181	311,319	128,508	383,556	143,392	186,405	13,215	18,183	30,697	0
Common Stock	1,196	1,185	1,188	1,145	1,134	1,117	1,104	961	1,187	506,361	482,010	482,010	0
Common Stock Shares Outstanding	119,775	120,628	120,721	116,581	114,600	114,226	111,352	72,043	92,540	24,265	24,700	24,700	24,700
Common Stock Total Equity	0	1,185	1,188	1,145	1,134	1,117	1,104	961	1,187	506,361	482,010	482,010	0
Current Deferred Revenue	8,228	5,739	7,401	16,499	13,864	11,840	15,750	15,456	13,081	8,958	9,263	6,926	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	284,092	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	1,224,861	1,132,546	1,163,750	1,201,291	1,199,699	1,192,028	1,036,320	781,824	596,397	419,270	127,038	179,120	0
Intangible Assets	68,081	71,384	69,396	47,852	23,498	18,460	16,833	24,576	15,005	17,647	15,147	8,606	0
Inventory	241,350	212,491	180,760	200,308	204,787	213,851	184,439	157,679	130,082	111,553	96,432	92,977	0
Liabilities And Stockholders Equity	5,149,582	4,255,692	4,239,125	4,308,011	4,067,556	3,857,641	3,787,333	2,781,466	2,396,179	1,729,777	1,251,060	1,284,479	0
Long Term Debt	2,283,639	1,488,569	1,591,019	1,892,347	1,851,057	1,807,502	1,810,833	1,514,456	1,273,652	1,073,322	664,725	0	0
Long Term Debt Total	0	1,495,736	1,606,001	1,924,074	1,851,057	1,807,502	1,810,833	1,514,456	1,273,652	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,955,125	1,016,247	1,251,789	1,510,208	1,581,488	1,685,348	1,432,042	1,377,564	1,093,747	1,069,232	672,872	609,146	0
Net Invested Capital	4,594,496	3,492,951	3,410,940	3,496,502	3,286,406	3,141,597	3,074,141	0	0	0	0	0	0
Net Receivables	287,252	263,179	294,826	263,362	266,344	233,120	207,842	169,827	151,234	151,476	110,104	111,873	0
Net Tangible Assets	0	808,060	590,066	367,125	221,576	131,657	218,568	59,838	156,458	-151,232	0	0	0
Net Working Capital	1,409,159	762,529	560,540	570,590	496,984	330,883	533,626	244,410	258,024	80,431	58,427	113,708	0
Non Current Assets Total	3,417,458	3,237,316	3,369,515	3,414,732	3,271,275	3,266,101	3,003,732	2,297,768	1,923,651	1,436,361	1,013,160	1,038,864	0
Non Current Liabilities Other	151,892	1,987,855	2,106,843	2,369,054	2,323,486	2,254,839	2,265,637	1,682,139	140,163	0	0	0	0
Non Current Liabilities Total	2,510,037	1,987,855	2,106,843	2,369,054	2,323,486	2,254,839	2,265,637	1,682,139	1,413,815	1,229,809	784,770	766,878	0
Non Currrent Assets Other	59,134	44,809	58,745	55,000	55,519	50,084	51,063	47,001	43,243	48,843	39,197	37,531	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	767,860	0	0	0	0
Other Assets	0	181,795	263,311	286,877	267,852	275,481	335,155	51,115	43,243	48,843	39,197	0	0
Other Current Assets	829,360	20,787	13,063	11,428	13,831	16,061	7,764	12,800	4,807	17,172	13,181	10,068	0
Other Current Liab	186,926	133,685	160,586	170,835	152,705	134,761	130,716	135,767	113,526	102,368	65,818	59,347	0
Other Liab	0	456,382	486,944	455,207	406,638	413,737	438,404	140,183	110,663	88,395	65,052	0	0
Other Stockholder Equity	2,308,109	1,404,122	1,326,340	1,264,681	1,234,020	1,194,204	1,154,220	824,304	619,003	12,286	8,152	5,840	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	690	0	0	0	0
Property Plant And Equipment Gross	3,412,841	1,851,591	1,873,058	1,878,712	1,780,226	1,780,132	1,615,424	1,446,452	1,269,006	950,601	831,778	813,607	0
Property Plant And Equipment Net	2,013,373	1,851,591	1,873,058	1,878,712	1,780,226	1,780,132	1,615,424	1,444,367	1,269,006	950,601	831,778	813,607	0
Property Plant Equipment	0	1,851,591	1,873,058	1,878,712	1,780,226	1,780,132	1,615,424	1,446,452	1,269,006	950,601	831,778	0	0
Retained Earnings	876,751	590,895	478,956	326,772	188,805	129,739	95,833	19,028	10,870	-217,416	-198,511	-94,085	0
Retained Earnings Total Equity	0	590,895	478,956	326,772	188,805	129,739	95,833	19,028	10,870	0	0	0	0
Short Long Term Debt	3,822	5,096	6,354	6,354	7,942	6,354	4,765	6,500	6,500	5,275	0	0	0
Short Long Term Debt Total	2,329,287	1,536,698	1,632,750	1,928,389	1,892,807	1,813,856	1,815,598	1,520,956	1,280,152	1,082,447	691,055	639,843	0
Short Term Debt	12,418	12,392	12,851	14,542	16,369	6,354	4,765	6,500	6,500	22,805	32,288	4,000	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	767,860	0	0	0	0
Total Assets	5,149,582	4,255,692	4,239,125	4,308,011	4,067,556	3,857,641	3,787,333	2,781,466	2,396,179	1,729,777	1,251,060	1,284,479	0
Total Current Assets	1,732,124	1,018,376	869,610	893,279	796,281	591,540	783,601	483,698	472,528	293,416	237,900	245,615	0
Total Current Liabilities	322,965	255,847	309,070	322,689	299,297	260,657	249,975	239,288	214,504	212,985	179,473	131,907	0
Total Liab	2,833,002	2,243,702	2,415,913	2,691,743	2,622,783	2,515,496	2,515,612	1,921,427	1,628,319	1,442,794	964,243	898,785	0
Total Permanent Equity	0	0	0	0	0	0	0	0	767,860	0	0	0	0
Total Stockholder Equity	2,316,580	1,999,286	1,813,567	1,597,801	1,427,407	1,327,741	1,258,543	842,044	628,265	285,685	285,606	384,635	0
Treasury Stock	0	0	0	0	0	0	0	0	-767,860	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31
Accounts Payable	123,621	173,127	171,221	138,961	104,031	166,592	167,643	146,292	128,232	155,919	152,285	150,243	120,813	149,475	138,330	122,350	116,359	152,232	131,391	101,843	107,702	140,174	144,284	110,348	98,744	134,925	116,817	105,390	81,565	113,329	103,624	91,560	81,397	113,226	90,822	70,840	78,854	87,604	0	0	72,104
Accumulated Amortization	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	7,275	3,296	6,326	3,245	3,084	-3,470	4,193	8,389	7,083	5,670	8,866	6,838	5,203	975	-497	-2,645	3,448	4,938	5,791	4,265	2,681	6,134	4,645	4,823	7,386	6,688	2,273	-1,186	-2,249	-2,865	-1,981	-1,597	-2,795	-2,607	14	-1,050	-15,546	-7,236	0	0	-6,045
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,188,707	1,183,071	1,176,906	1,154,220	1,098,151	1,079,595	1,068,156	824,304	730,201	681,334	0	767,860	722,193	618,887	628,271	0	0	0	0	0
Capital Lease Obligations	45,846	43,583	41,270	41,830	43,033	36,426	36,690	48,185	53,001	45,838	48,696	50,997	54,289	54,388	54,612	52,135	49,815	51,226	52,889	52,705	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,196	1,192	1,190	1,189	1,185	1,165	1,182	1,181	1,188	1,186	1,180	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	0	0	0	0
Capital Surpluse	0	1,415,320	1,409,364	1,403,186	1,404,122	1,340,602	1,336,375	1,330,548	1,326,340	1,319,897	1,313,414	1,289,267	1,264,681	1,257,506	1,244,163	1,239,271	1,234,020	1,212,240	1,205,221	1,200,503	1,194,204	1,188,707	1,183,071	1,176,906	1,154,220	1,098,151	1,079,595	1,068,156	824,304	730,201	681,334	622,608	619,003	600,204	457,767	456,406	0	0	0	0	0
Cash	374,162	197,475	230,010	379,457	520,451	471,666	465,315	287,392	380,961	258,083	469,097	359,741	418,181	288,757	253,407	199,114	311,319	182,589	67,658	64,837	128,508	64,930	50,404	178,293	383,556	287,082	353,063	156,107	143,392	31,643	9,168	92,244	186,405	18,987	12,570	314,980	13,215	9,995	0	0	18,183
Cash And Equivalents	0	197,475	230,010	379,457	520,451	471,666	465,315	287,392	380,961	258,083	469,097	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	0	0	0	0
Cash And Short Term Investments	374,162	197,475	230,010	379,457	520,451	471,666	465,315	287,392	380,961	258,083	469,097	359,741	418,181	288,757	253,407	199,114	311,319	182,589	67,658	64,837	128,508	64,930	50,404	178,293	383,556	287,082	353,063	156,107	143,392	31,643	9,168	92,244	186,405	18,987	12,570	314,980	13,215	9,995	0	0	18,183
Common Stock	1,196	1,192	1,190	1,189	1,185	1,165	1,182	1,181	1,188	1,186	1,180	1,167	1,145	1,142	1,142	1,142	1,134	1,124	1,122	1,121	1,117	1,117	1,117	1,116	1,104	1,085	1,076	1,065	961	1,043	1,320	1,188	1,187	1,180	956	956	506,361	506,360	0	0	482,010
Common Stock Shares Outstanding	120,361	119,726	119,394	118,680	119,160	120,417	120,699	120,959	121,749	121,320	120,601	117,631	117,104	116,418	116,078	115,533	115,976	117,469	114,090	113,712	113,554	113,843	114,497	112,540	113,623	112,708	111,290	108,506	90,003	76,910	65,890	52,472	52,640	40,644	28,946	28,511	23,859	24,700	24,700	24,700	23,859
Common Stock Total Equity	0	0	1,190	1,189	1,185	1,165	1,182	1,181	1,188	1,186	1,180	1,167	1,145	1,142	1,142	1,142	1,134	1,124	1,122	1,121	1,117	1,100	1,117	1,116	1,100	1,085	1,100	1,100	961	1,000	1,300	1,200	1,200	1,200	1,000	956	506,361	506,360	0	0	482,010
Current Deferred Revenue	8,228	8,539	7,054	4,233	5,739	7,143	5,805	6,734	7,401	11,631	12,524	13,930	16,499	14,225	12,556	14,022	13,864	12,476	10,733	10,656	11,840	13,072	14,724	15,131	15,750	18,043	16,873	12,860	15,456	16,869	9,695	10,667	13,081	11,005	8,341	8,309	8,958	9,533	0	0	9,263
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	287,606	297,729	284,092	477,493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	1,224,861	1,241,472	1,228,468	1,159,525	1,132,546	1,131,764	1,144,282	1,146,276	1,163,750	1,174,855	1,176,351	1,201,426	1,201,291	1,303,086	1,196,999	1,195,557	1,199,699	1,198,496	1,198,177	1,195,262	1,192,028	1,147,588	1,114,967	1,109,448	1,036,320	1,012,771	918,511	848,034	781,824	760,448	757,658	735,746	596,397	567,836	418,659	415,582	419,270	390,338	0	0	127,038
Intangible Assets	68,081	68,814	69,714	70,485	71,384	67,253	68,375	67,015	69,396	70,338	71,409	71,486	47,852	37,923	38,644	22,793	23,498	24,446	17,653	18,051	18,460	18,892	16,294	16,621	16,833	16,995	17,344	17,685	24,576	25,205	25,582	14,521	15,005	15,481	16,257	16,891	17,647	18,026	0	0	15,147
Inventory	241,350	243,136	246,275	234,564	212,491	202,783	209,875	187,009	180,760	195,312	198,217	210,934	200,308	209,774	231,942	231,413	204,787	197,015	208,136	214,038	213,851	229,761	245,238	226,750	184,439	181,784	182,886	186,998	157,679	164,875	174,739	171,991	130,082	138,036	128,417	133,307	111,553	111,137	0	0	96,432
Liabilities And Stockholders Equity	5,149,582	4,364,964	4,395,487	4,214,940	4,255,692	4,284,955	4,290,803	4,143,245	4,239,125	4,216,649	4,452,385	4,351,257	4,308,011	4,292,170	4,111,218	3,992,268	4,067,556	4,042,114	3,954,856	3,861,361	3,857,641	3,896,334	3,824,256	3,756,580	3,787,333	3,992,792	3,365,168	2,971,863	2,781,466	2,781,038	2,702,495	2,614,048	2,396,179	2,330,241	1,815,492	2,018,254	1,729,777	1,749,758	0	0	1,251,060
Long Term Debt	2,283,639	1,488,069	1,487,289	1,487,783	1,488,569	1,492,429	1,516,705	1,590,050	1,591,019	1,591,989	1,890,697	1,891,522	1,892,347	1,858,299	1,849,520	1,850,289	1,851,057	1,853,414	1,854,189	1,855,346	1,807,502	1,808,190	1,807,290	1,808,535	1,827,280	1,807,064	1,807,713	1,513,057	1,542,004	1,515,381	1,516,733	1,517,680	1,273,652	1,148,068	755,972	1,057,418	1,073,322	0	0	0	664,725
Long Term Debt Total	0	1,488,069	1,487,289	1,487,783	1,495,736	1,492,429	1,516,705	1,590,050	1,606,001	1,610,238	1,911,782	1,917,240	1,924,074	1,893,212	1,849,520	1,850,289	1,851,057	1,853,414	1,854,189	1,855,346	1,807,502	0	0	0	0	0	0	0	0	0	0	0	1,273,652	1,148,068	755,972	1,057,418	0	0	0	0	0
Long Term Investments	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,955,125	1,337,999	1,303,645	1,155,252	1,016,247	1,063,543	1,094,434	1,357,197	1,251,789	1,386,098	1,476,650	1,589,132	1,510,208	1,641,917	1,635,415	1,711,252	1,581,488	1,728,405	1,844,185	1,847,979	1,685,348	1,762,980	1,763,240	1,659,329	1,432,042	1,526,482	1,461,150	1,380,846	1,377,564	1,490,238	1,528,065	1,444,445	1,109,010	1,213,271	814,677	765,639	1,069,232	1,098,526	0	0	672,872
Net Invested Capital	4,594,496	3,785,472	3,552,993	3,460,590	3,492,951	3,457,400	3,452,092	3,333,692	3,410,940	3,360,214	3,581,425	3,499,403	3,496,502	3,452,397	3,303,160	3,239,825	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
Net Receivables	287,252	416,914	405,819	250,956	263,179	397,524	365,079	252,562	294,826	367,532	345,332	267,182	263,362	353,378	324,467	242,534	266,344	386,775	339,975	212,490	233,120	349,299	313,300	192,767	207,842	334,807	276,758	169,770	169,827	286,227	242,074	140,310	151,234	240,114	188,780	121,777	151,476	205,870	0	0	110,104
Net Tangible Assets	0	983,295	775,782	749,936	808,060	772,207	716,376	533,206	580,421	516,678	436,614	341,648	367,125	228,487	226,220	177,509	221,576	163,836	106,941	65,162	131,657	192,390	146,510	109,278	218,568	187,598	177,094	182,001	59,838	60,082	-4,982	-20,611	156,458	138,876	183,971	195,798	-151,232	0	0	0	0
Net Working Capital	1,409,159	528,323	559,321	630,364	762,529	770,540	723,499	472,769	560,540	503,873	686,062	536,718	570,590	509,674	485,290	402,428	496,984	446,344	323,562	251,350	330,883	373,264	321,833	330,289	533,626	500,219	547,888	281,591	244,410	223,782	175,511	214,061	258,024	115,472	66,009	396,653	80,431	109,751	0	0	58,427
Non Current Assets Total	3,417,458	3,487,761	3,489,185	3,324,050	3,237,316	3,191,645	3,234,342	3,365,405	3,369,515	3,381,867	3,424,468	3,492,822	3,414,732	3,426,629	3,289,234	3,304,012	3,271,275	3,263,698	3,326,469	3,350,751	3,266,101	3,236,654	3,202,933	3,145,028	3,003,732	3,177,450	2,540,109	2,446,950	2,297,768	2,289,940	2,268,474	2,194,500	1,923,651	1,911,342	1,465,872	1,430,714	1,436,361	1,406,599	0	0	1,013,160
Non Current Liabilities Other	151,892	133,301	131,066	379,878	1,987,855	1,990,961	142,647	2,091,677	2,106,843	2,113,976	173,783	2,414,980	2,369,054	2,366,807	2,312,661	2,310,581	2,323,486	93,761	96,636	2,323,593	2,254,839	2,251,048	2,246,995	2,239,970	2,265,637	2,460,305	1,975,048	1,680,821	1,682,139	1,667,987	1,665,727	1,678,905	140,163	156,553	157,022	141,678	0	0	0	0	0
Non Current Liabilities Total	2,510,037	1,708,351	1,974,542	1,974,468	1,987,855	1,990,961	2,017,039	2,091,677	2,106,843	2,113,976	2,415,608	2,414,980	2,369,054	2,366,807	2,312,661	2,310,581	2,323,486	2,323,264	2,327,260	2,323,626	2,254,839	2,251,048	2,246,995	2,239,970	2,265,637	2,460,305	1,975,048	1,680,821	1,682,139	1,667,987	1,665,727	1,678,905	1,413,815	1,304,621	912,994	1,199,096	1,229,809	1,222,270	0	0	784,770
Non Currrent Assets Other	59,134	51,201	48,187	45,523	44,809	42,078	42,492	145,382	58,745	57,807	55,981	53,432	55,000	52,103	49,511	48,510	55,519	51,772	50,785	49,990	50,084	50,832	50,413	48,350	51,063	50,068	48,438	52,972	47,001	47,796	46,040	46,531	43,243	51,798	45,875	50,112	48,843	51,255	0	0	39,197
Noncontrolling Interest In Consolidated Entity	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	0	0	0	0	0	0	767,860	722,193	618,887	628,271	0	0	0	0	0
Other Assets	0	164,563	175,004	189,990	181,795	193,177	204,434	356,754	263,311	268,196	282,703	293,997	286,877	294,003	271,023	286,432	267,852	245,404	287,874	303,094	275,481	318,364	338,019	346,079	1,388,308	1,557,327	984,293	918,691	851,316	833,449	829,280	796,798	654,645	635,115	480,791	482,585	485,760	0	0	0	181,382
Other Current Assets	829,360	17,976	22,336	24,608	20,787	20,132	14,393	14,305	13,063	13,855	15,271	20,578	11,428	13,632	12,168	15,195	13,831	12,037	12,618	19,245	16,061	15,690	12,381	13,742	7,764	11,669	12,352	12,038	12,800	8,353	8,040	15,003	4,807	21,762	19,853	17,476	17,172	16,157	0	0	13,181
Other Current Liab	186,926	154,647	155,903	104,721	133,685	136,200	146,656	125,523	160,586	132,763	144,312	122,439	170,835	176,032	169,484	112,659	152,705	135,113	131,661	116,491	134,761	113,450	134,128	126,697	130,716	155,655	136,981	101,176	135,767	130,618	124,691	84,251	98,263	95,006	113,173	88,537	102,368	90,671	0	0	65,818
Other Liab	0	180,264	447,870	446,067	456,382	468,587	470,148	463,053	486,944	500,391	502,595	475,494	455,207	417,355	406,023	399,712	406,638	405,428	405,334	403,229	413,737	442,858	439,705	431,435	434,365	653,241	167,335	167,764	140,135	152,606	148,994	161,225	88,685	156,553	157,022	141,678	88,395	0	0	0	65,052
Other Stockholder Equity	2,308,109	1,415,320	1,409,364	1,403,186	1,404,122	1,340,602	1,336,375	1,330,548	1,326,340	1,319,897	1,313,414	1,289,267	1,264,681	1,257,506	1,244,163	1,239,271	1,234,020	1,212,240	1,205,221	1,200,503	1,194,204	1,188,726	1,183,071	1,176,906	1,154,257	1,098,151	1,079,555	1,068,105	824,304	730,203	681,393	622,564	618,960	600,139	457,767	456,406	12,286	11,796	0	0	8,152
Preferred Stock Redeemable	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	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	0	0	0	287	690	690	690	690	690	690	0	0	0	0	0
Property Plant And Equipment Gross	3,412,841	3,400,260	3,368,007	3,215,087	1,851,591	3,040,479	0	0	0	0	1,894,005	1,925,913	1,878,712	1,791,617	1,782,568	1,799,230	1,780,226	1,795,352	1,822,765	1,834,344	1,780,132	1,751,800	1,733,653	1,672,880	1,615,400	1,620,123	1,555,800	1,528,300	1,446,452	1,456,500	1,439,200	1,397,700	1,269,000	1,276,200	985,100	948,129	950,601	946,980	0	0	831,778
Property Plant And Equipment Net	2,013,373	2,012,912	2,015,999	1,904,050	1,851,591	1,799,451	1,817,251	1,795,360	1,873,058	1,868,478	1,894,005	1,925,913	1,878,712	1,791,617	1,782,568	1,799,230	1,780,226	1,795,352	1,822,765	1,834,344	1,780,132	1,751,810	1,733,653	1,672,880	1,615,424	1,620,123	1,555,816	1,528,259	1,444,367	1,456,491	1,439,194	1,397,702	1,269,006	1,276,227	985,081	948,129	950,601	946,980	0	0	831,778
Property Plant Equipment	0	2,012,912	2,015,999	1,904,050	1,851,591	1,799,451	1,817,251	1,795,360	1,873,058	1,868,478	1,894,005	1,925,913	1,878,712	1,791,617	1,782,568	1,799,230	1,780,226	1,762,307	1,788,664	1,799,941	1,780,132	1,751,810	1,733,653	1,672,880	1,615,424	1,620,123	1,555,816	1,528,259	1,446,452	1,456,491	1,439,194	1,397,702	1,269,006	1,276,227	985,081	948,129	950,601	0	0	0	831,778
Retained Earnings	876,751	873,773	643,728	560,091	590,895	620,320	587,283	397,170	478,956	435,118	360,914	304,255	326,772	291,620	200,890	143,826	188,805	153,134	97,377	60,967	129,739	148,902	77,613	42,104	95,833	95,636	16,584	-33,416	19,028	46,259	1,439	-11,932	10,870	4,355	-10,356	-10,151	-217,416	-218,128	0	0	-198,511
Retained Earnings Total Equity	0	0	643,728	560,091	590,895	620,320	587,283	397,170	478,956	435,118	360,914	304,255	326,772	291,620	200,890	143,826	188,805	153,134	97,377	60,967	129,739	148,902	77,613	42,104	95,833	95,636	16,584	-33,416	19,028	46,259	1,439	-11,932	10,870	4,355	-10,356	-10,151	0	0	0	0	0
Short Long Term Debt	3,822	3,822	5,096	5,096	5,096	6,354	6,354	6,354	6,354	6,354	6,354	6,354	6,354	7,942	7,942	7,942	7,942	6,354	4,765	4,765	6,354	4,765	6,354	6,354	4,765	6,500	1,834,051	6,500	6,500	6,500	20,500	0	6,500	0	0	0	5,275	0	0	0	0
Short Long Term Debt Total	2,329,287	1,535,474	1,533,655	1,534,709	1,536,698	1,535,209	1,559,749	1,644,589	1,632,750	1,644,181	1,945,747	1,948,873	1,928,389	1,930,674	1,888,822	1,910,366	1,892,807	1,910,994	1,911,843	1,912,816	1,813,856	1,827,910	1,813,644	1,837,622	1,815,598	1,813,564	1,814,213	1,536,953	1,520,956	1,521,881	1,537,233	1,536,689	1,295,415	1,232,258	827,247	1,080,619	1,082,447	1,108,521	0	0	691,055
Short Term Debt	12,418	12,567	12,803	12,611	12,392	12,835	12,858	26,522	12,851	30,596	32,734	35,105	14,542	16,135	16,324	36,797	16,369	32,251	31,040	30,270	6,354	19,720	6,354	29,087	4,765	6,500	6,500	23,896	6,500	6,500	20,500	19,009	21,763	84,190	71,275	23,201	22,805	45,600	0	0	32,288
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	44,001	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	0
Temporary Equity Redeemable Noncontrolling Interests	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	0	0	0	0	0	0	767,860	722,193	618,887	628,271	0	0	0	0	0
Total Assets	5,149,582	4,364,964	4,395,487	4,214,940	4,255,692	4,284,955	4,290,803	4,143,245	4,239,125	4,216,649	4,452,385	4,351,257	4,308,011	4,292,170	4,111,218	3,992,268	4,067,556	4,042,114	3,954,856	3,861,361	3,857,641	3,896,334	3,824,256	3,756,580	3,787,333	3,992,792	3,365,168	2,971,863	2,781,466	2,781,038	2,702,495	2,614,048	2,396,179	2,330,241	1,815,492	2,018,254	1,729,777	1,749,758	0	0	1,251,060
Total Current Assets	1,732,124	877,203	906,302	890,890	1,018,376	1,093,310	1,056,461	777,840	869,610	834,782	1,027,917	858,435	893,279	865,541	821,984	688,256	796,281	778,416	628,387	510,610	591,540	659,680	621,323	611,552	783,601	815,342	825,059	524,913	483,698	491,098	434,021	419,548	472,528	418,899	349,620	587,540	293,416	343,159	0	0	237,900
Total Current Liabilities	322,965	348,880	346,981	260,526	255,847	322,770	332,962	305,071	309,070	330,909	341,855	321,717	322,689	355,867	336,694	285,828	299,297	332,072	304,825	259,260	260,657	286,416	299,490	281,263	249,975	315,123	277,171	243,322	239,288	267,316	258,510	205,487	214,504	303,427	283,611	190,887	212,985	233,408	0	0	179,473
Total Liab	2,833,002	2,057,231	2,321,523	2,234,994	2,243,702	2,313,731	2,350,001	2,396,748	2,415,913	2,444,885	2,757,463	2,736,697	2,691,743	2,722,674	2,649,355	2,596,409	2,622,783	2,655,336	2,632,085	2,582,886	2,515,496	2,537,464	2,546,485	2,521,233	2,515,612	2,775,428	2,252,219	1,924,143	1,921,427	1,935,303	1,924,237	1,884,392	1,628,319	1,608,048	1,196,605	1,389,983	1,442,794	1,455,678	0	0	964,243
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,358,870	0	0	0	0	0	0	0	0	0	0	767,860	722,193	618,887	628,271	0	0	0	0	0
Total Stockholder Equity	2,316,580	2,293,581	2,060,608	1,967,711	1,999,286	1,958,617	1,929,033	1,737,288	1,813,567	1,761,871	1,684,374	1,601,527	1,597,801	1,551,243	1,445,698	1,381,594	1,427,407	1,371,436	1,309,511	1,266,856	1,327,741	1,344,860	1,266,446	1,224,949	1,258,543	1,201,560	1,099,528	1,034,619	842,044	774,638	682,112	610,267	628,265	603,132	448,381	446,161	285,685	292,792	0	0	285,606
Treasury Stock	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	0	0	0	0	0	0	-767,860	-722,193	-618,887	-628,271	0	0	0	0	0
Warrants	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Begin Period Cash Flow	520,451	380,961	418,181	311,319	128,508	383,556	143,392	186,405	13,215	18,184	30,697	46,057	68,359
Capital Expenditures	255,619	266,733	211,982	177,249	177,495	220,685	194,146	153,483	88,950	76,162	65,999	45,488	38,656
Cash And Cash Equivalents Changes	0	140,927	-37,246	106,511	182,525	-255,048	240,164	-43,013	173,190	0	0	0	0
Cash Flows Other Operating	0	194,638	239,995	244,483	261,099	179,841	475,757	157,091	125,211	0	0	0	0
Change In Cash	653,711	139,490	-37,220	106,862	182,811	-255,048	240,164	-43,013	173,190	-4,969	-12,514	-15,359	-22,303
Change In Working Capital	-153,268	-109,466	-46,328	32,204	26,363	-90,527	247,519	1,137	6,232	-11,943	10,489	27,187	-11,871
Change Receivables	0	10,749	-31,292	5,467	-37,049	-14,498	-5,545	-173	10,456	0	0	0	0
Change To Account Receivables	-29,970	10,749	-31,292	5,467	-37,049	-5,796	-3,720	2,511	3,852	-10,366	9,884	5,201	13,901
Change To Inventory	-26,351	-63,247	3,815	3,339	8,582	-11,598	-18,609	-10,297	4,275	-3,735	499	-1,726	-12,643
Change To Liabilities	0	-38,190	-21,452	10,796	19,443	-35,500	-7,121	15,149	-18,568	6,707	3,325	0	0
Change To Netincome	0	-95,795	16,582	3,544	23,986	54,793	-278,076	54,145	-24,655	4,346	0	0	0
Change To Operating Activities	0	-42,022	-15,912	20,478	28,381	-45,976	265,372	12,332	-5,571	7,708	0	0	0
Depreciation	217,550	212,501	235,278	227,817	222,862	208,772	193,107	160,633	125,019	95,211	75,927	72,179	64,983
Dividends Paid	469	678	678	678	678	69	1,974	13,034	28,736	0	0	0	0
End Period Cash Flow	1,174,162	520,451	380,961	418,181	311,319	128,508	383,556	143,392	186,405	13,215	18,183	30,698	46,056
Exchange Rate Changes	0	0	0	0	0	-724	701	69	-1,003	0	0	0	0
Free Cash Flow	183,241	17,365	149,947	231,620	159,689	-11,317	98,037	91,380	9,253	2,927	413	16,791	-15,403
Investments	-508,643	95,822	-91,248	-285,587	-162,809	-419,699	-552,475	-470,652	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-124,093	-329,010	16,350	23,459	-21,092	279,146	227,497	229,143	372,980	0	0	0
Net Income	285,856	275,943	154,281	141,240	61,123	36,330	125,777	46,126	1,484	-6,282	-103,679	-50,577	-10,050
Other Cashflows From Financing Activities	1,417,558	-14,799	-11,368	656,231	259,303	41,118	-43,094	316,443	-591,760	766,492	221,013	705,140	195,775
Other Cashflows From Investing Activities	0	362,555	120,734	-108,338	14,686	-199,014	-358,329	-317,169	-495,397	-630	0	0	0
Other Non Cash Items	-10,746	-182,795	-25,692	-2,865	-9,579	-28,075	-6,141	-4,384	-34,593	5,795	85,768	14,425	-20,319
Sale Purchase Of Stock	469	-100,980	32,451	1,043	19,076	15,615	323,661	-136	1,748,875	24,350	0	0	0
Stock Based Compensation	20,326	18,347	19,705	28,857	20,403	25,378	21,140	49,940	19,899	2,235	2,315	2,533	2,484
Total Cash From Financing Activities	633,784	-238,993	-307,927	-16,771	8,150	-43,993	499,755	182,707	660,337	377,222	32,589	7,702	146,775
Total Cash From Operating Activities	438,860	284,098	361,929	408,869	337,184	209,368	292,183	244,863	98,203	79,089	66,412	62,279	23,253
Total Cashflows From Investing Activities	0	95,822	-91,248	-285,587	-162,809	-419,699	-552,475	-470,652	-584,347	-461,280	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31
Begin Period Cash Flow	197,475	230,010	379,457	520,451	471,666	465,315	287,392	380,961	258,083	469,097	359,741	418,181	288,757	253,407	199,114	311,319	182,589	67,658	64,837	128,508	64,930	50,404	178,293	383,556	287,082	353,063	156,107	143,392	31,643	9,168	92,244	186,405	18,987	12,570	314,980	13,215	9,995	24,069	37,402	18,184	19,207
Capital Expenditures	73,437	55,289	63,309	63,584	77,725	59,428	71,806	57,774	41,912	37,347	62,966	69,757	37,243	34,282	43,895	61,829	37,733	34,193	43,381	62,188	36,933	52,095	82,152	49,505	46,668	38,390	58,032	51,056	31,538	30,276	52,544	39,125	19,278	26,293	25,671	17,708	11,918	14,984	29,319	19,941	12,340
Cash And Cash Equivalents Changes	0	0	-150,136	-141,052	48,490	7,622	178,561	-93,746	122,789	-210,658	109,203	-58,580	128,857	35,129	53,930	-111,405	128,618	114,951	2,818	-63,862	63,578	14,526	-127,889	-205,263	96,474	-65,981	196,956	12,715	111,749	22,475	-83,076	-94,161	167,418	6,417	-302,410	301,765	0	0	0	0	0
Cash Flows Other Operating	0	0	40,817	42,673	68,447	57,351	20,842	47,998	76,820	60,117	57,524	45,534	97,254	59,694	26,285	61,250	110,668	28,581	62,773	59,077	33,236	47,341	55,338	43,926	-158,604	541,508	48,657	44,196	42,158	41,694	45,654	27,585	43,917	33,815	18,981	28,498	0	0	0	0	0
Change In Cash	976,687	-32,535	-149,447	-140,994	48,785	6,351	177,923	-93,569	122,878	-211,014	109,356	-58,440	129,424	35,350	54,293	-112,205	128,730	114,931	2,821	-63,671	63,578	14,526	-127,889	-205,263	96,474	-65,981	196,956	12,715	111,749	22,475	-83,076	-94,161	167,418	6,417	-302,410	301,765	3,220	-14,074	-13,333	19,218	-1,024
Change In Working Capital	91,029	-158,405	-67,007	-18,885	56,862	-38,048	-109,758	-18,522	50,955	-24,356	-36,010	-36,917	76,721	15,956	-32,601	-27,872	95,614	-10,880	-63,117	4,746	52,724	-30,096	-83,541	-29,614	346,858	-16,186	-47,782	-35,371	105,031	-5,982	-61,205	-36,707	79,181	-7,723	-41,346	-23,880	57,149	-17,217	-33,228	-18,647	46,101
Change Receivables	0	0	-121,533	20,414	107,473	-38,927	-93,633	35,836	46,816	-17,279	-65,775	4,946	53,828	-19,392	-48,908	19,939	84,147	-15,161	-127,694	21,659	113,626	-35,836	-117,589	25,301	125,022	-40,457	-96,477	6,367	115,410	-35,552	-100,331	20,300	90,145	-43,649	-64,687	28,647	0	0	0	0	0
Change To Account Receivables	111,842	-6,230	-121,533	20,414	107,473	-38,927	-93,633	35,836	46,816	-17,279	-65,775	4,946	53,828	-19,392	-48,908	19,939	84,147	-41,876	-99,438	20,118	84,685	-32,718	-85,742	27,979	95,241	-30,422	-82,386	13,847	83,745	-25,745	-77,770	22,281	60,139	-34,752	-51,844	30,309	44,097	-25,546	-45,906	16,989	28,681
Change To Inventory	-2,416	3,180	-6,155	-20,960	-9,485	4,330	-21,340	-36,752	15,817	2,604	806	-15,412	6,168	24,562	-412	-26,979	-7,714	11,088	5,913	-705	14,429	18,401	-9,180	-35,248	-5,774	6,437	5,405	-24,677	6,775	10,876	-2,336	-25,612	8,105	12,725	4,858	-21,413	108	13,977	-4,443	-13,377	-201
Change To Liabilities	0	-2,120	76,596	-6,924	-56,319	-8,151	21,804	-10,766	-31,061	6,022	12,887	-12,878	-17,109	8,275	46,434	-26,804	-35,622	20,627	49,834	-15,396	-52,624	-5,735	40,893	-18,034	-46,394	15,031	42,071	-17,829	-16,705	18,774	35,243	-22,163	-34,063	25,400	21,661	-31,566	6,707	0	0	0	3,325
Change To Netincome	0	19,843	19,254	-3,656	11,465	13,683	-100,061	-18,229	1,774	22,289	15,626	-20,263	14,379	-9,570	18,346	-19,611	-14,535	44,523	17,808	-23,810	48,771	6,112	11,274	-11,364	198,778	-483,310	4,944	1,512	23,831	14,125	15,723	466	-38,390	-1,006	578	14,163	4,346	0	0	0	0
Change To Operating Activities	0	-147,532	-147,532	-29,951	-13,066	-13,865	13,127	-28,218	-4,859	-10,209	29,105	-29,949	5,017	3,174	32,362	-20,075	14,688	-3	23,278	-9,582	-35,748	-12,064	11,973	-10,137	265,372	495,745	14,954	768	12,332	-80	6,219	0	-5,571	0	0	0	7,708	0	0	0	0
Depreciation	54,417	57,452	56,732	53,927	52,339	52,651	52,673	54,838	57,437	59,411	59,323	59,107	63,420	53,119	56,000	55,278	55,865	56,015	53,943	57,039	55,943	54,267	53,003	45,559	52,473	49,853	47,438	43,343	42,607	41,774	39,435	36,817	34,230	33,658	29,773	27,358	27,239	24,206	22,977	20,789	19,102
Dividends Paid	409	60	0	0	279	374	25	25	25	25	0	0	0	0	0	0	0	0	0	0	0	0	60	9	1,865	30	0	79	3,985	8,676	373	0	2,288	14,606	11,842	0	0	0	0	0	0
End Period Cash Flow	1,174,162	197,475	230,010	379,457	520,451	471,666	465,315	287,392	380,961	258,083	469,097	359,741	418,181	288,757	253,407	199,114	311,319	182,589	67,658	64,837	128,508	64,930	50,404	178,293	383,556	287,082	353,063	156,107	143,392	31,643	9,168	92,244	186,405	18,987	12,570	314,980	13,215	9,995	24,069	37,402	18,183
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-302	49	-73	-398	-33	546	88	100	-261	-168	52	446	-1,003	0	0	0	0	0	0	0	0
Free Cash Flow	123,365	94,293	30,398	-63,249	74,182	56,509	-38,839	-74,487	112,644	95,375	33,003	-91,075	153,587	122,056	56,737	-100,760	135,608	113,702	3,243	-92,864	101,878	52,180	-64,503	-100,872	113,082	82,894	-1,344	-96,595	128,802	80,747	-37,086	-81,083	97,852	34,864	-44,247	-79,216	78,007	20,060	-24,824	-70,316	53,949
Investments	-4,732	-54,881	-242,322	-118,329	-93,111	-25,624	223,928	-9,371	-25,932	-35,750	4,934	-34,500	-32,629	-155,470	-40,620	-56,868	-33,033	-28,931	-38,434	-62,411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-1,800	-2,306	-5,980	-10,324	-26,948	-79,218	-7,603	-5,208	-306,369	-7,263	-10,170	-7,193	34,931	-5,895	-5,493	-5,323	-3,947	-5,164	37,893	-6,015	-3,755	-7,350	-3,972	-4,650	-3,608	291,669	-4,265	-6,574	-18,143	10,673	241,541	75,711	386,190	-226,262	-6,496	372,980	0	0	0	0
Net Income	2,978	232,725	84,728	-31,212	30,326	87,651	192,766	-34,800	44,390	75,378	57,758	-23,245	36,310	92,769	58,887	-46,726	36,397	58,237	37,990	-71,501	-18,627	73,992	36,913	-55,948	46,722	82,075	52,088	-55,108	6,049	61,106	21,505	-42,534	47,416	33,872	33	-79,837	4,468	28,117	14,201	-53,068	-70,462
Other Cashflows From Financing Activities	1,575,807	-124,744	716	-18,659	-1,260	-1,974	884	-12,550	-627	-1,261	15,563	7,408	-22,191	689,765	-187	-10,113	-6,367	-132	-680	285,558	-1,213	60,394	-22,756	4,693	-10,837	7,639	301,476	-17,711	-2,931	29,169	56,806	233,026	-6,765	-496,497	116,703	24,957	99,654	228,439	114,246	324,153	11,546
Other Cashflows From Investing Activities	0	-233,350	-233,758	-54,745	-15,386	33,804	-241	48,403	15,980	-432	103,157	35,257	4,614	-121,188	3,275	4,961	4,700	5,262	4,947	-223	-30,770	-29,842	-33,697	-104,705	-322	-153,431	-97,542	-107,034	-3,428	-28,019	-42,630	-243,092	576	-486,759	-11,679	2,465	-630	0	0	0	0
Other Non Cash Items	-12,434	-1,572	-2,834	-681	-2,159	-5,377	-159,378	-15,881	-7,927	533	-2,817	-15,481	-1,943	1,965	-2,565	-322	-2,790	-5,582	-2,369	1,162	-1,687	-19,042	-4,848	-2,498	692	-3,576	-2,460	-797	2,431	-3,227	-2,035	-1,553	-25,169	-196	-8,862	1,468	5,982	-527	1	510	72,699
Sale Purchase Of Stock	409	-28	84	15	14	-53,471	96	-47,509	35	650	31,766	15,920	714	19	310	310	16,517	1,775	18	766	15	0	0	0	2,900	237,600	11	237,600	0	0	100	0	1,370,569	1,173,750	-442	389,044	24,350	0	0	0	0
Stock Based Compensation	5,210	5,192	5,216	4,708	3,289	4,902	4,734	5,422	4,830	4,685	4,827	5,363	5,738	13,322	4,892	4,905	4,979	4,819	4,699	5,906	5,545	5,643	5,683	8,507	6,992	4,724	4,676	4,748	3,817	16,306	27,781	2,036	1,310	1,569	1,803	15,217	489	608	572	566	572
Total Cash From Financing Activities	783,401	-126,604	-1,521	-23,058	-10,306	-82,691	-78,334	-67,662	-5,835	-307,630	8,300	-2,762	-29,344	34,261	-6,082	-15,606	-11,690	-4,013	-5,372	29,225	-7,228	-7,861	-29,616	712	-16,253	4,010	295,754	216,244	-13,364	-30,085	-3,412	229,568	69,993	458,312	-246,484	378,516	-31,279	79,348	59,314	269,839	-64,994
Total Cash From Operating Activities	196,802	149,582	93,707	335	151,907	115,937	32,967	-16,713	154,556	132,722	95,969	-21,318	190,830	156,338	100,632	-38,931	173,341	147,895	46,624	-30,676	138,811	104,275	17,649	-51,367	159,750	121,284	56,688	-45,539	160,340	111,023	15,458	-41,958	117,130	61,157	-18,576	-61,508	89,925	35,044	4,495	-50,375	66,289
Total Cashflows From Investing Activities	0	-415,532	-360,651	-118,329	-93,111	-25,624	223,928	-9,371	-25,932	-35,750	-29,566	-34,500	-32,629	-155,470	-40,620	-56,868	-33,033	-28,931	-38,434	-62,411	-67,703	-81,937	-115,849	-154,210	-46,990	-191,821	-155,574	-158,090	-34,966	-58,295	-95,174	-282,217	-18,702	-513,052	-37,350	-15,243	-461,280	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Cost Of Revenue	2,079,958	1,763,177	1,736,410	1,583,996	1,526,332	1,475,779	1,281,777	1,072,070	990,645	887,160	677,052	713,346	597,654
Depreciation And Amortization	217,550	209,152	247,179	227,725	204,037	208,772	193,107	160,633	125,019	95,211	75,927	72,179	64,983
Discontinued Operations	0	0	0	0	0	0	0	0	2,415	71	0	0	0
Ebit	329,153	269,047	253,065	225,173	213,558	200,517	-49,651	138,363	65,435	73,406	18,847	7,128	46,343
Ebitda	546,703	478,199	500,244	452,898	417,595	409,289	143,456	298,996	190,454	168,617	94,774	79,307	111,326
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	-17,600	216,900	0	2,415	0	0	0	0
Gross Profit	539,510	649,345	673,259	748,455	695,808	625,223	650,798	553,993	441,652	317,071	239,149	212,908	191,422
Income Before Tax	394,464	361,488	198,637	129,055	78,224	96,077	-158,200	40,827	-19,194	-13,336	-105,798	-50,951	-1,441
Income Tax Expense	104,838	85,545	44,356	-12,185	17,101	59,747	-283,977	-5,299	-18,263	-6,983	-2,647	-3,920	3,408
Interest Expense	114,155	86,969	92,240	103,595	116,509	116,548	108,549	97,536	84,629	86,742	56,443	58,079	47,784
Interest Income	0	86,969	92,240	103,595	116,509	116,548	108,549	97,536	84,629	0	0	0	0
Minority Interest	-3,854	3,798	2,097	3,273	17,366	14,404	13,178	17,995	139,595	2,495	3,112	0	0
Net Income	285,856	272,145	152,184	137,967	59,066	33,906	121,830	36,783	27,718	-8,777	-106,791	-52,496	-10,745
Net Income Applicable To Common Shares	0	272,145	152,184	137,967	59,066	33,906	121,830	36,783	27,718	-8,777	0	0	0
Net Income From Continuing Ops	316,567	275,943	154,281	141,240	61,123	36,330	125,777	46,126	-931	-6,353	0	0	0
Net Interest Income	-109,806	-88,706	-98,256	-107,659	-131,074	-116,697	-113,364	-97,536	0	0	0	0	0
Non Operating Income Net Other	0	182,713	37,049	3,982	11,977	27,624	5,303	-733	2,425	0	0	0	0
Non Recurring	0	-10,370	-5,900	-7,569	2,222	4,238	7,733	6,797	9,519	0	0	0	0
Operating Income	329,153	269,047	253,065	225,173	213,558	162,466	220,877	154,034	134,641	69,959	-47,977	15,415	25,099
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,290,315	2,153,845	2,162,504	2,114,847	2,008,582	1,938,536	1,711,698	1,472,029	1,297,656	1,134,272	895,976	910,839	763,977
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	221,097	212,501	235,278	227,817	222,862	208,772	193,107	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	210,357	190,218	196,728	309,531	265,148	257,847	250,403	250,659	187,288	159,286	145,990	129,203	104,946
Tax Provision	51,435	85,545	44,356	-12,185	17,101	59,747	-283,977	-5,299	-18,263	0	0	0	0
Total Operating Expenses	210,357	390,668	426,094	530,851	482,250	462,757	429,921	399,959	307,011	247,112	218,924	197,493	166,323
Total Other Income Expense Net	65,311	92,441	-54,428	-96,118	-135,334	50,308	-265,713	-15,671	2,425	3,447	-66,465	1,182	21,244
Total Revenue	2,619,468	2,412,522	2,409,669	2,332,451	2,222,140	2,101,002	1,932,575	1,626,063	1,432,297	1,204,231	916,201	926,254	789,076

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31
Cost Of Revenue	527,226	543,159	492,403	354,037	390,656	534,936	484,205	353,380	435,064	486,936	467,716	346,694	418,679	469,004	410,158	286,155	370,856	482,979	405,493	267,004	345,183	471,803	410,932	247,861	318,756	409,545	335,904	217,572	274,103	335,879	285,200	176,888	270,807	312,399	249,170	158,269	241,226	285,497	231,762	128,675	173,854	0	0	0
Depreciation And Amortization	54,417	58,099	56,732	53,927	51,281	54,591	43,485	54,838	57,437	59,411	59,323	59,107	63,420	53,119	56,000	55,278	55,865	56,015	53,943	57,039	55,943	54,267	53,003	45,559	52,473	49,853	47,438	43,343	42,607	41,774	39,435	36,817	34,230	33,658	29,773	27,358	27,239	24,206	22,977	20,789	19,102	-	-	-
Discontinued Operations	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	0	0	0	0	0	0	1,600	57	758	0	71	0	0	0	0	0	0	0
Ebit	73,281	282,512	131,888	-10,688	65,044	127,062	111,236	-34,854	66,989	118,979	99,215	-21,939	73,182	102,714	99,604	-41,809	44,409	132,756	84,098	-69,433	53,107	111,538	74,774	-42,471	286,282	-372,588	79,110	-32,317	33,732	87,688	44,039	-29,123	62,419	51,887	8,938	-60,196	24,455	49,157	34,619	-34,825	-56,993	0	0	0
Ebitda	127,698	340,611	188,620	43,239	116,325	181,653	154,721	19,984	124,426	178,390	158,538	37,168	136,602	155,833	155,604	13,469	100,274	188,771	138,041	-12,394	109,050	165,805	127,777	3,088	338,755	-322,735	126,548	11,026	76,339	129,462	83,474	7,694	96,649	85,545	38,711	-32,838	51,694	73,363	57,596	-14,036	-37,891	-	-	-
Effect Of Accounting Charges	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-17,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	132,907	251,638	236,747	81,351	161,618	217,811	202,349	67,567	161,604	230,304	200,201	81,150	205,954	240,615	220,851	81,035	185,672	249,103	195,398	65,635	145,847	222,858	189,958	66,560	171,268	224,636	188,189	66,705	148,870	193,558	160,074	51,491	130,655	159,506	115,773	35,718	92,860	109,262	92,533	22,416	64,413	0	0	0
Income Before Tax	68,300	256,633	107,209	-37,678	41,838	112,480	246,713	-39,543	55,268	95,891	76,166	-28,688	49,458	73,156	76,068	-69,627	19,226	103,839	54,697	-99,538	24,871	94,757	49,103	-72,654	257,609	-401,509	55,523	-57,286	8,663	62,415	20,449	-50,700	40,021	31,160	-6,070	-84,305	268	27,072	12,968	-53,644	-71,056	0	0	0
Income Tax Expense	64,915	23,908	22,481	-6,466	11,512	24,829	53,947	-4,743	10,878	20,513	18,408	-5,443	13,148	-19,613	17,181	-22,901	-17,171	45,602	16,707	-28,037	43,498	20,765	12,190	-16,706	213,099	-483,584	3,435	-2,178	2,614	1,309	-1,056	-8,166	-5,795	-2,655	-5,345	-4,468	-4,485	-1,038	-864	-596	-865	0	0	0
Interest Expense	30,820	28,013	27,902	27,420	24,241	21,980	20,599	20,149	19,704	24,134	24,216	24,186	25,546	24,623	25,608	27,818	28,086	28,917	29,401	30,105	29,932	28,889	28,943	28,784	28,673	28,921	25,986	24,969	25,069	25,273	25,617	21,577	22,398	20,727	17,395	24,109	24,187	22,085	21,651	18,819	14,063	0	0	0
Interest Income	0	28,013	27,902	27,420	24,241	21,980	20,599	20,149	19,704	24,134	24,216	24,186	25,546	24,623	25,608	27,818	28,086	28,917	29,401	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Minority Interest	-407	-2,680	-1,091	-408	3,798	-1,162	-2,653	508	2,097	-1,174	10,548	13,033	3,273	18,253	16,165	14,265	17,366	15,342	13,260	11,619	14,404	14,010	11,325	10,398	1,500	3,023	2,088	13,101	6,339	16,286	8,134	0	24,053	19,161	238	0	1,821	1,243	1,946	0	3,112	0	0	0
Net Income	2,978	230,045	83,637	-31,212	29,835	86,489	190,113	-34,800	43,838	74,204	56,659	-22,517	35,152	90,730	57,064	-44,979	35,671	55,757	36,410	-68,772	-19,163	71,289	35,509	-53,729	43,010	79,052	50,000	-52,444	-290	44,820	13,371	-21,118	23,363	14,711	-205	-10,151	2,647	26,874	12,255	-50,553	-72,469	0	0	0
Net Income Applicable To Common Shares	0	230,045	83,637	-30,804	29,835	86,489	190,113	-34,292	43,838	74,204	56,659	-22,517	35,152	90,730	57,064	-44,979	35,671	55,757	36,410	-68,772	-19,163	71,289	35,509	-53,729	45,222	79,052	50,000	-52,444	-290	44,820	13,371	-21,118	23,363	14,711	-205	-10,151	2,932	26,867	11,886	0	0	0	0	0
Net Income From Continuing Ops	3,385	232,725	84,728	-31,212	30,326	87,651	192,766	-34,800	44,390	75,378	57,758	-23,245	36,310	92,769	58,887	-46,726	36,397	58,237	37,990	-71,501	-18,627	73,992	36,913	-55,948	46,722	82,075	52,088	-55,108	6,049	61,106	21,505	-42,534	45,816	33,815	-725	-79,837	-6,353	0	0	0	0	0	0	0
Net Interest Income	-30,820	-28,013	-27,902	-27,913	-25,978	-21,980	-20,599	-20,149	-19,704	-30,150	-24,216	-24,186	-25,546	-28,687	-25,608	-27,818	-28,086	-28,917	-29,401	-44,670	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	0	5,478	5,710	3,384	7,398	157,030	14,901	11,009	1,024	4,459	20,557	1,229	1,226	1,616	-89	3,623	1,875	3,676	2,803	3,574	15,479	916	7,655	1,340	2,716	590	657	66	-565	-666	432	1,747	1,171	-102	-391	0	0	0	0	0	-	-	-
Non Recurring	0	0	-3,223	-430	-4,077	-1,343	-3,695	-1,255	-1,569	-1,159	-1,403	-1,769	-9,086	445	319	753	773	751	390	308	421	1,260	1,291	1,266	1,259	2,581	2,620	1,273	1,507	1,684	290	3,316	1,475	304	6,376	1,364	0	0	0	0	0	0	0	0
Operating Income	73,281	127,983	129,633	-10,688	65,044	127,062	111,236	-34,854	57,184	125,017	95,923	-25,059	66,216	100,617	100,060	-41,720	59,926	130,881	80,422	-57,671	28,545	108,167	77,279	-51,525	57,306	113,911	82,444	-32,784	48,604	88,253	46,732	-29,555	67,990	83,357	42,300	-59,006	23,307	47,749	33,922	-35,019	-57,742	0	0	0
Other Items	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	586,852	668,948	602,740	451,293	491,307	627,028	579,013	456,497	541,053	593,382	573,397	454,672	560,239	609,002	530,949	408,910	496,602	601,201	520,469	390,310	462,485	586,494	523,611	365,946	432,718	520,270	441,649	317,061	374,369	441,184	398,542	257,934	333,472	388,548	322,643	252,993	310,779	347,010	290,373	186,110	227,807	0	0	0
Preferred Stock And Other Adjustments	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Reconciled Depreciation	57,856	58,099	56,732	53,927	52,339	52,651	52,673	54,838	57,437	59,411	59,323	59,107	63,420	53,119	56,000	55,278	55,865	56,015	53,943	57,039	55,972	54,200	0	0	52,500	0	47,500	43,300	0	41,700	39,500	36,800	34,200	33,700	29,700	0	0	0	0	0	0	-	-	-
Research Development	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	59,626	68,337	55,550	46,362	50,684	39,959	47,651	51,924	50,274	47,364	47,448	51,642	84,000	81,944	66,863	70,977	72,784	63,095	61,351	67,918	63,055	60,717	62,948	71,127	68,200	61,756	60,706	59,741	60,161	65,878	75,934	48,686	29,760	42,843	46,087	68,598	45,677	38,258	37,272	38,079	35,596	0	0	0
Tax Provision	64,915	23,908	22,481	-6,466	11,512	24,829	53,947	-4,743	10,878	20,513	18,408	-5,443	13,148	-19,613	17,181	-22,901	-17,171	45,602	16,707	-28,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Operating Expenses	59,626	125,789	110,337	97,256	100,651	92,092	94,808	103,117	105,989	106,446	105,681	107,978	141,560	139,998	120,791	122,755	125,746	118,222	114,976	123,306	117,302	114,691	112,679	118,085	113,962	110,725	105,745	99,489	100,266	105,305	113,342	81,046	62,665	76,149	73,473	94,724	69,553	61,513	58,611	57,435	53,953	0	0	0
Total Other Income Expense Net	-4,981	158,797	8,701	-26,990	-23,206	-14,582	135,477	-4,689	19,357	2,183	5,862	22,326	10,610	1,226	1,616	-89	-12,614	1,875	3,676	2,803	26,258	15,479	916	7,655	233,601	-486,499	-935	657	-14,872	-565	-666	432	1,747	1,171	-102	-391	1,148	1,408	697	194	-67,453	0	0	0
Total Revenue	660,133	794,797	729,150	435,388	552,274	752,747	686,554	420,947	596,668	717,240	667,917	427,844	624,633	709,619	631,009	367,190	556,528	732,082	600,891	332,639	491,030	694,661	600,890	314,421	490,024	634,181	524,093	284,277	422,973	529,437	445,274	228,379	401,462	471,905	364,943	193,987	334,086	394,759	324,295	151,091	238,267	316,263	254,842	106,829

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	2,619,468
Cost of Revenue	-2,079,958
Gross Profit	539,510	539,510

Operating Income (+$)
Gross Profit	539,510
Operating Expense	-210,357
Operating Income	329,153	329,153

Operating Expense (+$)
Research Development	0
Selling General Administrative	210,357
Selling And Marketing Expenses	0
Operating Expense	210,357	210,357

Net Interest Income (+$)
Interest Income	0
Interest Expense	-114,155
Other Finance Cost	-4,349
Net Interest Income	-109,806

Pretax Income (+$)
Operating Income	329,153
Net Interest Income	-109,806
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	394,464	263,842 EBIT - interestExpense = 214,998 390,694 400,011
Interest Expense	114,155
Earnings Before Interest and Taxes (EBIT)	329,153	508,619
Earnings Before Interest and Taxes (EBITDA)	546,703

After tax Income (+$)
Income Before Tax	394,464
Tax Provision	-51,435
Net Income From Continuing Ops	316,567	343,029
Net Income	285,856
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	2,290,315
Total Other Income/Expenses Net	65,311	109,806

Technical Analysis of Summit Materials Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Summit Materials Inc. The general trend of Summit Materials Inc is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Summit Materials Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Summit Materials Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 40.62 < 44.89.

The bearish price targets are: 36.08 > 34.38 > 30.83.

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Summit Materials Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Summit Materials Inc. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Summit Materials Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Summit Materials Inc. The current macd is -0.8595298.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Summit Materials Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Summit Materials Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Summit Materials Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Summit Materials Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Summit Materials Inc. The current adx is 28.96.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Summit Materials Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.

Summit Materials Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Summit Materials Inc. The current sar is 40.47.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Summit Materials Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Summit Materials Inc. The current rsi is 41.00. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Summit Materials Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Summit Materials Inc. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Summit Materials Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Summit Materials Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Summit Materials Inc. The current cci is -85.06583146.

Summit Materials Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Summit Materials Inc. The current cmo is -19.21366757.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Summit Materials Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Summit Materials Inc. The current willr is -71.62284678.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Summit Materials Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Summit Materials Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Summit Materials Inc.

Summit Materials Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Summit Materials Inc. The current atr is 1.11549423.

Summit Materials Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Summit Materials Inc. The current obv is 29,729,124.

Summit Materials Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Summit Materials Inc. The current mfi is 22.18.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Summit Materials Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Summit Materials Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-08	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-12	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-13	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-28	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-03	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-12	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-16	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-18	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-22	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-23	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-26	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-31	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-06	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-08	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-13	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-14	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-18	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-20	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-28	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-01	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-09	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-04-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

Summit Materials Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Summit Materials Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.003
Ma 20	Greater than	Ma 50	40.976
Ma 50	Greater than	Ma 100	41.713
Ma 100	Greater than	Ma 200	39.373
Open	Greater than	Close	38.190
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Summit Materials Inc (30 sec.)

What can you expect buying and holding a share of Summit Materials Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Summit Materials Inc (5 min.)

$39.37

$13.29

$-4.05 - $12.52

$9.25 - $25.81

2. Growth of Summit Materials Inc (5 min.)

Is Summit Materials Inc growing?

How much money is Summit Materials Inc making?

How much money comes from the company's main activities?

3. Financial Health of Summit Materials Inc (5 min.)

4. Comparing to competitors in the Building Materials industry (5 min.)

Industry Rankings (Building Materials)

What can you expect buying and holding a share of Summit Materials Inc? (5 min.)

What can you expect buying and holding a share of Summit Materials Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Fundamentals of Summit Materials Inc

About Summit Materials Inc

Financial Health

Valuation

1.1. Profitability of Summit Materials Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Building Materials)

1.1.2. Return on Assets

Trends

Compared to industry (Building Materials)

1.1.3. Return on Equity

Trends

Compared to industry (Building Materials)

1.2. Operating Efficiency of Summit Materials Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Building Materials)

1.2.2. Operating Ratio

Trends

Compared to industry (Building Materials)

1.3. Liquidity of Summit Materials Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Building Materials)

1.3.2. Quick Ratio

Trends

Compared to industry (Building Materials)

1.4. Solvency of Summit Materials Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Building Materials)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Building Materials)

2. Market Valuation of Summit Materials Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Building Materials)

Summit Materials Inc
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