HA – HAWAIIAN HOLDINGS, INC. (HQ: USA/Industry: Airlines)
52 Week Lo/Hi Price: 14.62 / 31.38
Previous Closing Price: 16.35
Margin of Safety Intrinsic Value Price: 5.02

10-Year Financial Summary (Recent/Average)
Revenue: $1.6B/$2.2B, with 2 declining years and 89% YoY growth
EPS (USD): -2.85/1.18, with 3 declining years and currant year being negative
BV (USD): 12.25/12.62, with 4 declining years and -17.8% YoY decrease
FCF: $212M/$76M, with 5 declining years
Company did not pay a dividend last year
Share Count: Decreased -4%

To value the business at the current market price the company would need more than a 7% per year growth for the next 10-years

AVY – AVERY DENNISON CORPORATION (HQ: USA/Industry: Containers & Packaging)
52 Week Lo/Hi Price: 156.51 / 229.24
Previous Closing Price: 177.34
Margin of Safety Intrinsic Value Price: 80.03

10-Year Financial Summary (Recent/Average)
Revenue: $8.4B/$6.7B, with 3 declining years and 20.6% YoY growth
EPS (USD): 8.83/4.07, with 2 declining years and 33.6% YoY growth
BV (USD): 21.73/14.56, with 4 declining years and 35.8% YoY growth
FCF: $775M/$382M, with 2 declining years and 45.4% YoY growth
Dividend: Increased 146%, with 0 declining years
Share Count: Decreased -20%

To value the business at the current market price the company would need more than a 15% per year growth for the next 10-years

CHE – CHEMED CORPORATION (HQ: USA/Industry: Health Care Providers & Services)
52 Week Lo/Hi Price: 403.00 / 539.87
Previous Closing Price: 502.36
Margin of Safety Intrinsic Value Price: 151.84

10-Year Financial Summary (Recent/Average)
Revenue: $2.1B/$1.7B, with 1 declining year and 2.8% YoY growth
EPS (USD): 16.85/9.49, with 3 declining years and -13.5% YoY decrease
BV (USD): 52.29/34.39, with 2 declining years and 3.8% YoY growth
FCF: $250M/$177M, with 4 declining years and -41.9% YoY decrease
Dividend: Increased 106%, with 0 declining years
Share Count: Decreased -16%

To value the business at the current market price the company would need more than a 17% per year growth for the next 10-years

INGN – INOGEN, INC. (HQ: USA/Industry: Health Care Equipment & Supplies)
52 Week Lo/Hi Price: 23.04 / 82.35
Previous Closing Price: 24.94
Margin of Safety Intrinsic Value Price: 9.80


10-Year Financial Summary (Recent/Average)
Revenue: $358M/$223M, with 1 declining year and 16.2% YoY growth
EPS (USD): -0.28/0.51, with 5 declining years and currant year being negative
BV (USD): 17.20/11.60, with 1 declining year and 8% YoY growth
FCF: $0M/$19M, with 6 declining years and -100% YoY decrease
Company does not pay a dividend
Share Count: Increased 38%

To value the business at the current market price the company would need more than a 12% per year growth for the next 10-years

CWCO – CONSOLIDATED WATER CO. LTD. (HQ: Cayman Islands/Industry: Water Utilities)
52 Week Lo/Hi Price: 9.01 / 13.20
Previous Closing Price: 10.70
Margin of Safety Intrinsic Value Price: 3.58

10-Year Financial Summary (Recent/Average)
Revenue: $67M/$65M, with 3 declining years and -8.2% YoY decrease
EPS (USD): 0.06/0.47, with 5 declining years and -75% YoY decrease
BV (USD): 10.32/9.96, with 3 declining years and -3.1% YoY decrease
FCF: $5M/$6M, with 5 declining years and -68.8% YoY decrease
Dividend: Increased 13%, with 0 declining years
Share Count: Remained the same

To value the business at the current market price the company would need more than a 11% per year growth for the next 10-years