Eidp
Through the investors’ lenses
1 of 4 cleared6 of 9 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 3/4
| Measure | CTA-PB | Checked against | |
|---|---|---|---|
| Owner earnings | $2.75bn | positive | ✓ |
| Return on equity | 25.1% | US median 2.8% | ✓ |
| Debt to equity | 0.81x | US median 0.57x | ✗ |
| Operating margin | 13.3% | US median 3.1% | ✓ |
Passes 3 of 4. These are the measures Warren Buffett published, applied to Eidp’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 1/2
| Measure | CTA-PB | Checked against | |
|---|---|---|---|
| Current ratio | 1.92x | 2.00x published | ✗ |
| Long-term debt to working capital | 0.99x | 1.00x published | ✓ |
Passes 1 of 2. These are the measures Benjamin Graham published, applied to Eidp’s own figures — their criteria, not their view of this company. What he looks at, and why →
Joel Greenblatt 1/1
| Measure | CTA-PB | Checked against | |
|---|---|---|---|
| Return on capital employed | 18.0% | US median 5.1% | ✓ |
Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Eidp’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 1/2
| Measure | CTA-PB | Checked against | |
|---|---|---|---|
| Debt to equity | 0.81x | US median 0.57x | ✗ |
| Net margin | 10.2% | US median 2.0% | ✓ |
Passes 1 of 2. These are the measures Peter Lynch published, applied to Eidp’s own figures — their criteria, not their view of this company. What he looks at, and why →
Last usable year: 2016-12-31 — 117 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 53.3% | whyA single year's earnings for a commodity producer can be several times the through-cycle average. This ratio computed in a trough looks alarming and in a peak looks trivial; neither describes whether the dividend is affordable across a cycle. |
| Operating cash flow | 40.5% | whyBefore capital spending. |
| Free cash flow | 58.5% | whyNets out the capital spending producers cut in downturns — so it flatters a trough year. |
Spread between highest and lowest: 18.1 percentage points. Same filings, different denominators.
Coverage rating 49 / 100 — Tight. ? Peer standing 19/50Direction 30/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2016-12-31 | 58.5% |
| 2015-12-31 | 225.0% |
| 2014-12-31 | 100.2% |
| 2013-12-31 | 128.1% |
| 2012-12-31 | 52.2% |
| 2011-12-31 | 46.3% |
38% of the 47 materials here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $1.52 ÷ diluted EPS $2.85
- Operating cash flow — dividends paid $1,335m ÷ operating cash flow $3,300m
- Free cash flow — dividends paid $1,335m ÷ (operating cash flow $3,300m − capex $1,019m)
Where the figures came from
- 10-K filed 2017-02-02 · accession 0000030554-17-000004
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated tight · when it files.
Who else looks like this
Every figure above is computed from Eidp’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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