TDY – TELEDYNE TECHNOLOGIES INCORPORATED (HQ: USA/Industry: Aerospace & Defense)
Teledyne Technologies provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include factory automation and condition monitoring, aerospace and defense, air and water quality environmental monitoring, electronics design and development, medical imaging and pharmaceutical research, oceanographic research, and deep-water energy exploration and production.

Recent 10-Year Financial Summary
Revenue: Increased 117%, with 3 declining years
EPS: Increased 129%, with 5 declining years
BV: Increased 415%, with 1 declining year
FCF: Increased 483%, with 2 declining years
Share Count: Increased 19%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 21% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1094285&owner=exclude

UMPQ – UMPQUA HOLDINGS CORPORATION (HQ: USA/Industry: Banks)
Umpqua Holdings is a bank holding company currently designated as a financial holding company. The bank provides a broad range of banking, wealth management, mortgage and other financial services to corporate, institutional, and individual customers.

Recent 10-Year Financial Summary
Revenue: Increased 140%, with 3 declining years
EPS: Increased 112%, with 3 declining years
BV: Decreased -18%, with 1 declining year
FCF: Increased 16,075%, with 4 declining years
Share Count: Increased 96%
Dividend: Increased 147%, with 1 declining year

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

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1077771&owner=exclude

RPT – RPT REALTY (HQ: USA/Industry: Equity Real Estate Investment Trusts (REITs))
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The company’s shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the company’s retail partners.

Recent 10-Year Financial Summary
Revenue: Increased 65%, with 3 declining years
EPS: Increased 1,150%, with 4 declining years
BV: Increased 7%, with 6 declining years
FCF: Increased 171%, with 2 declining years
Share Count: Increased 86%
Dividend: Decreased -41%, with 1 declining year

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

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=842183&owner=exclude

ADUS – ADDUS HOMECARE CORPORATION (HQ: USA/Industry: Health Care Providers & Services)
Addus operates three segments: personal care, hospice, and home health. Its services are principally provided in-home under agreements with federal, state and local government agencies, managed care organizations, commercial insurers and private individuals. With consumers being predominantly “dual eligible,” meaning they are eligible to receive both Medicare and Medicaid benefits.

Recent 10-Year Financial Summary
Revenue: Increased 254%, with 1 declining year
EPS: Increased 296%, with 3 declining years
BV: Increased 301%, with 0 declining years
FCF: Increased 150%, with 6 declining years
Share Count: Increased 45%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 20% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1468328&owner=exclude

ARC – ARC DOCUMENT SOLUTIONS, INC. (HQ: USA/Industry: Commercial Services & Supplies)
ARC Document Solutions is a digital printing company, providing digital printing and document-related services to customers in a growing variety of industries. The company’s primary services are: digital printing; acquiring, placing and managing ARC-certified office printing equipment with proprietary device tracking and print management software; scanning documents, indexing them and adding digital search features for use in digital document management; reselling digital printing equipment and supplies.

Recent 10-Year Financial Summary
Revenue: Decreased -33%, with 6 declining years
EPS: Increased -130%, with 2 declining years
BV: Increased 56%, with 5 declining years
FCF: Increased 88%, with 4 declining years
Share Count: Decreased -7%
Company recently began paying a dividend
The stock currently trades slightly below its margin of safety intrinsic value

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1305168&owner=exclude