Cash flow Kweichow Moutai Co., Ltd.

Equities

600519

CNE0000018R8

Distillers & Wineries

End-of-day quote Shanghai S.E. Other stock markets 07/07/2025			5-day change	1st Jan Change
1,410.70 ^CNY	-0.81%		+0.08%	-7.43%

06-30	Chinese Fund Manager Sees 24% Returns After Dumping Alcoholic Beverage Stocks for Labubu Maker Pop Mart	MT
06-22	Kweichow Moutai Co., Ltd.(SHSE:600519) dropped from Shanghai Stock Exchange 180 Value Index	CI

5ab0262b02f47ebb4a.MeyvjIt35W9OZmVW_d1NCKcPzrYAGcsOQtjaw2L6gtc.Z4Tj_rszrggHLhMayY8kZ95CrYRyfb17C57qtAGy97Brp8PawU-LPB8ICg

Published financial data: KWEICHOW MOUTAI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	94.82B	106B	124B	147B	171B
Other Revenues, Total	93.38M	131M	328M	475M	287M
Total Revenues	94.92B	106B	124B	148B	171B
Cost of Goods Sold, Total	8.15B	8.98B	10.09B	11.83B	13.8B
Gross Profit	86.76B	97.21B	114B	136B	157B
Selling General & Admin Expenses, Total	9.34B	11.19B	12.31B	14.38B	14.95B
Provision for Bad Debts	71.36M	13.07M	17.07M	-873K	-
R&D Expenses	50.4M	61.92M	135M	157M	218M
Other Operating Expenses	13.88B	15.29B	18.49B	22.22B	26.91B
Other Operating Expenses, Total	23.33B	26.55B	30.95B	36.75B	42.09B
Operating Income	63.43B	70.66B	83.06B	99.11B	115B
Interest Expense, Total	-111M	-187M	-118M	-126M	-120M
Interest And Investment Income	3.36B	4.28B	4.99B	4.84B	4.73B
Net Interest Expenses	3.25B	4.09B	4.88B	4.72B	4.61B
Other Non Operating Income (Expenses)	-44.09M	3.61M	-69.09M	-140M	-3.56M
EBT, Excl. Unusual Items	66.63B	74.75B	87.86B	104B	120B
Gain (Loss) On Sale Of Investments	4.89M	-2.33M	-120K	2.38M	61.33M
Gain (Loss) On Sale Of Assets	-100K	-11.92M	-20.57M	1.15M	-6.9M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-436M	-206M	-142M	-30.6M	-35.78M
EBT, Incl. Unusual Items	66.2B	74.53B	87.7B	104B	120B
Income Tax Expense	16.67B	18.81B	22.33B	26.14B	30.3B
Earnings From Continuing Operations	49.52B	55.72B	65.38B	77.52B	89.33B
Net Income to Company	49.52B	55.72B	65.38B	77.52B	89.33B
Minority Interest	-2.83B	-3.26B	-2.66B	-2.79B	-3.11B
Net Income - (IS)	46.7B	52.46B	62.72B	74.73B	86.23B
Net Income to Common Incl Extra Items	46.7B	52.46B	62.72B	74.73B	86.23B
Net Income to Common Excl. Extra Items	46.7B	52.46B	62.72B	74.73B	86.23B
Per Share Items
Net EPS - Basic	37.17	41.76	49.93	59.49	68.64
Basic EPS - Continuing Operations	37.17	41.76	49.93	59.49	68.64
Basic Weighted Average Shares Outstanding	1.26B	1.26B	1.26B	1.26B	1.26B
Net EPS - Diluted	37.17	41.76	49.93	59.49	68.64
Diluted EPS - Continuing Operations	37.17	41.76	49.93	59.49	68.64
Diluted Weighted Average Shares Outstanding	1.26B	1.26B	1.26B	1.26B	1.26B
Normalized Basic EPS	30.9	34.59	41.6	49.37	57.04
Normalized Diluted EPS	30.9	34.59	41.6	49.37	57.04
Dividend Per Share	19.29	21.68	25.91	30.88	51.51
Payout Ratio	45.8	46.2	43.41	43.55	79.77
Supplemental Items
EBITDA	64.73B	72.12B	84.65B	101B	117B
EBITA	63.53B	70.78B	83.21B	99.3B	115B
EBIT	63.43B	70.66B	83.06B	99.11B	115B
EBITDAR	64.86B	72.26B	84.83B	101B	117B
Total Revenues (As Reported)	97.99B	109B	128B	151B	174B
Effective Tax Rate - (Ratio)	25.19	25.24	25.46	25.22	25.33
Total Current Taxes	16.77B	19.92B	23.55B	27.28B	31.15B
Total Deferred Taxes	-94.51M	-1.12B	-1.22B	-1.13B	-850M
Normalized Net Income	38.82B	43.46B	52.26B	62.02B	71.66B
Interest on Long-Term Debt	-	13.53M	83.62M	153M	14.47M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	1.34B
Marketing Expenses	2.25B	-	-	-	-
Selling and Marketing Expenses	2.55B	2.74B	3.3B	4.65B	5.64B
General and Administrative Expenses	6.66B	8.31B	8.83B	9.71B	9.31B
Research And Development Expense From Footnotes	134M	194M	183M	389M	649M
Net Rental Expense, Total	135M	143M	179M	209M	201M
Imputed Operating Lease Interest Expense	-	-	399M	549M	512M
Imputed Operating Lease Depreciation	-	-	-220M	-340M	-312M
Maintenance & Repair Expenses, Total	563K	474K	745K	5.53M	7.66M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	36.09B	51.81B	58.27B	69.07B	59.3B
Short Term Investments	118B	135B	116B	103B	126B
Trading Asset Securities, Total	-	-	-	401M	249M
Total Cash And Short Term Investments	154B	187B	174B	173B	186B
Accounts Receivable, Total	1.53B	0	126M	74.31M	2B
Other Receivables	34.49M	33.16M	31.82M	27.5M	29.96M
Notes Receivable	-	-	-	6.01B	9.32B
Total Receivables	1.57B	33.16M	158M	6.12B	11.36B
Inventory	28.87B	33.39B	38.82B	46.44B	54.34B
Other Current Assets, Total	925M	461M	3.18B	106M	187M
Total Current Assets	186B	221B	217B	225B	252B
Gross Property Plant And Equipment	27.63B	30.41B	34.05B	35.62B	39.42B
Accumulated Depreciation	-8.96B	-10.25B	-11.7B	-13.26B	-14.99B
Net Property Plant And Equipment	18.67B	20.16B	22.35B	22.36B	24.43B
Long-term Investments	20.14M	2.23B	381M	9.33B	5.54B
Other Intangibles, Total	4.82B	6.21B	7.08B	8.57B	8.85B
Loans Receivable Long-Term	2.95B	3.43B	4.13B	2.13B	2.38B
Deferred Tax Assets Long-Term	1.12B	2.24B	3.46B	4.65B	5.52B
Deferred Charges Long-Term	148M	139M	337M	378M	251M
Other Long-Term Assets, Total	9.83M	5.24M	5.34M	114M	240M
Total Assets	213B	255B	254B	273B	299B
Liabilities
Accounts Payable, Total	1.34B	2.01B	2.41B	3.09B	3.51B
Accrued Expenses, Total	9.44B	10.32B	8.84B	9.65B	10.47B
Current Portion of Leases	-	104M	109M	57.05M	112M
Current Income Taxes Payable	2.42B	5.25B	2.77B	2.64B	3.03B
Unearned Revenue Current, Total	13.32B	12.72B	15.47B	14.13B	9.59B
Other Current Liabilities	19.14B	27.51B	19.47B	19.14B	29.79B
Total Current Liabilities	45.67B	57.91B	49.07B	48.7B	56.52B
Long-Term Leases	-	296M	334M	267M	314M
Deferred Tax Liability Non Current	1.46M	-	-	78.94M	103M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	45.68B	58.21B	49.4B	49.04B	56.93B
Common Stock, Total	1.26B	1.26B	1.26B	1.26B	1.26B
Additional Paid In Capital	1.37B	1.37B	1.37B	1.37B	1.37B
Retained Earnings	159B	187B	195B	213B	230B
Comprehensive Income and Other	-5.33M	-13.02M	-10.78M	-6.06M	-9M
Total Common Equity	161B	190B	198B	216B	233B
Minority Interest	6.4B	7.42B	7.46B	7.99B	8.91B
Total Equity	168B	197B	205B	224B	242B
Total Liabilities And Equity	213B	255B	254B	273B	299B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.26B	1.26B	1.26B	1.26B	1.26B
ECS Total Common Shares Outstanding	1.26B	1.26B	1.26B	1.26B	1.26B
Book Value / Share	128.42	150.88	157.23	171.68	185.56
Tangible Book Value	157B	183B	190B	207B	224B
Tangible Book Value Per Share	124.59	145.94	151.59	164.86	178.52
Total Debt	0	401M	444M	324M	426M
Net Debt	-154B	-186B	-174B	-172B	-185B
Debt Equivalent Oper. Leases	1.08B	1.15B	1.43B	1.67B	1.61B
Minority Interest, Total (Incl. Fin. Div)	6.4B	7.42B	7.46B	7.99B	8.91B
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	3.49B	4.02B	3.92B	3.36B	3.1B
Inventories - Work In Process, Total	24.34B	28.06B	33.09B	40.86B	48.27B
Inventories - Finished Goods, Total	1.05B	1.32B	1.81B	2.21B	2.98B
Buildings, Total	22.13B	24.5B	27.59B	29.02B	32.29B
Machinery, Total	3.05B	3.16B	3.73B	4.03B	3.93B
Full Time Employees	29.03K	29.97K	31.41K	33.3K	34.75K
Accumulated Allowance for Doubtful Accounts (Supple)	3.24M	3.1M	2.68M	1.81M	1.02M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	46.7B	52.46B	62.72B	74.73B	86.23B
Depreciation & Amortization - CF	1.2B	1.45B	1.52B	1.72B	1.82B
Amortization of Goodwill and Intangible Assets - (CF)	107M	121M	151M	186M	194M
Depreciation & Amortization, Total	1.3B	1.57B	1.67B	1.91B	2.01B
Amortization of Deferred Charges, Total - (CF)	13.46M	14.21M	16.13M	27.82M	75.1M
(Gain) Loss From Sale Of Asset	-	11.92M	20.57M	480K	6.9M
(Gain) Loss on Sale of Investments - (CF)	-5.19M	-55.93M	-63.72M	-36.41M	-70.46M
Asset Writedown & Restructuring Costs	74.52M	-	-	-1.63M	-
Provision for Credit Losses	-	-	-	-	12.34M
Provision and Write-off of Bad Debts	-	13.07M	17.07M	-873K	-
Other Operating Activities, Total	2.82B	3.27B	2.67B	2.76B	3.13B
Change In Accounts Receivable	-504M	504M	-15.05B	-3.47B	1.76B
Change In Inventories	-3.58B	-4.53B	-5.43B	-7.61B	-7.91B
Change In Accounts Payable	4.95B	11.88B	-8.64B	-592M	8.07B
Change In Deferred Taxes	-94.51M	-1.12B	-1.22B	-1.13B	-850M
Cash from Operations	51.67B	64.03B	36.7B	66.59B	92.46B
Capital Expenditure	-2.09B	-3.41B	-5.31B	-2.62B	-4.68B
Sale of Property, Plant, and Equipment	496K	2.46M	355K	24.95M	716K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	295M	-2.14B	-210M	-7.27B	2.8B
Other Investing Activities, Total	-10.86M	-12.2M	-20.64M	138M	87.93M
Cash from Investing	-1.81B	-5.56B	-5.54B	-9.72B	-1.79B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-88.12M	-54.33M	-134M	-110M
Total Debt Repaid	-	-88.12M	-54.33M	-134M	-110M
Common Dividends Paid	-21.39B	-24.24B	-27.23B	-32.55B	-68.79B
Common & Preferred Stock Dividends Paid	-21.39B	-24.24B	-27.23B	-32.55B	-68.79B
Special Dividend Paid	-	-	-27.52B	-24B	-
Other Financing Activities, Total	-2.74B	-2.24B	-2.62B	-2.2B	-2.17B
Cash from Financing	-24.13B	-26.56B	-57.42B	-58.89B	-71.07B
Foreign Exchange Rate Adjustments	381K	-2.03M	911K	1.72M	-1.08M
Net Change in Cash	25.74B	31.9B	-26.26B	-2.02B	19.61B
Supplemental Items
Cash Interest Paid	107M	163M	79.23M	143M	97.06M
Cash Income Tax Paid (Refund)	41.62B	44.61B	62.01B	66.68B	77.06B
Levered Free Cash Flow	40.41B	52.23B	31.09B	50.38B	63.75B
Unlevered Free Cash Flow	40.48B	52.34B	31.16B	50.46B	63.82B
Change In Net Working Capital	-1.61B	-10.01B	17.13B	10.81B	5.47B
Net Debt Issued / Repaid	-	-88.12M	-54.33M	-134M	-110M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	20	18.85	20.38	23.5	25.15
Return on Total Capital	25.61	24.19	25.78	28.85	30.82
Return On Equity %	31.99	30.56	32.53	36.17	38.37
Return on Common Equity	31.41	29.9	32.41	36.18	38.43
Margin Analysis
Gross Profit Margin %	91.41	91.54	91.87	91.99	91.92
SG&A Margin	9.84	10.54	9.92	9.74	8.75
EBITDA Margin %	68.2	67.92	68.21	68.35	68.42
EBITA Margin %	66.94	66.65	67.05	67.23	67.41
EBIT Margin %	66.82	66.54	66.93	67.11	67.3
Income From Continuing Operations Margin %	52.18	52.47	52.68	52.49	52.27
Net Income Margin %	49.2	49.4	50.54	50.6	50.46
Net Avail. For Common Margin %	49.2	49.4	50.54	50.6	50.46
Normalized Net Income Margin	40.9	40.92	42.11	41.99	41.93
Levered Free Cash Flow Margin	42.58	49.18	25.05	34.11	37.3
Unlevered Free Cash Flow Margin	42.65	49.29	25.11	34.16	37.34
Asset Turnover
Asset Turnover	0.48	0.45	0.49	0.56	0.6
Fixed Assets Turnover	5.22	5.47	5.84	6.61	7.3
Receivables Turnover (Average Receivables)	63.3	138.39	1.96K	1.47K	164.23
Inventory Turnover (Average Inventory)	0.3	0.29	0.28	0.28	0.27
Short Term Liquidity
Current Ratio	4.06	3.81	4.41	4.62	4.45
Quick Ratio	3.41	3.23	3.56	3.54	3.32
Operating Cash Flow to Current Liabilities	1.13	1.11	0.75	1.37	1.64
Days Sales Outstanding (Average Receivables)	5.78	2.64	0.19	0.25	2.23
Days Outstanding Inventory (Average Inventory)	1.22K	1.26K	1.31K	1.32K	1.34K
Average Days Payable Outstanding	44.52	45.29	51.94	51.65	55.7
Cash Conversion Cycle (Average Days)	1.18K	1.22K	1.25K	1.26K	1.28K
Long Term Solvency
Total Debt/Equity	-	0.2	0.22	0.14	0.18
Total Debt / Total Capital	-	0.2	0.22	0.14	0.18
LT Debt/Equity	-	0.15	0.16	0.12	0.13
Long-Term Debt / Total Capital	-	0.15	0.16	0.12	0.13
Total Liabilities / Total Assets	21.4	22.81	19.42	17.98	19.04
EBIT / Interest Expense	570.75	376.98	706.23	785.83	961.62
EBITDA / Interest Expense	582.48	385.34	720.45	800.97	978.42
(EBITDA - Capex) / Interest Expense	563.67	367.15	675.33	780.2	939.31
Total Debt / EBITDA	-	0.01	0.01	0	0
Net Debt / EBITDA	-2.38	-2.58	-2.05	-1.7	-1.58
Total Debt / (EBITDA - Capex)	-	0.01	0.01	0	0
Net Debt / (EBITDA - Capex)	-2.46	-2.71	-2.19	-1.75	-1.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.1	11.88	16.87	19.01	15.71
Gross Profit, 1 Yr. Growth %	11.23	12.04	17.28	19.19	15.62
EBITDA, 1 Yr. Growth %	13.53	11.42	17.37	19.24	15.8
EBITA, 1 Yr. Growth %	13.72	11.4	17.56	19.33	15.99
EBIT, 1 Yr. Growth %	13.7	11.4	17.55	19.33	16.03
Earnings From Cont. Operations, 1 Yr. Growth %	12.63	12.51	17.33	18.58	15.24
Net Income, 1 Yr. Growth %	13.33	12.34	19.55	19.16	15.38
Normalized Net Income, 1 Yr. Growth %	13.68	11.96	20.25	18.68	15.54
Diluted EPS Before Extra, 1 Yr. Growth %	13.32	12.35	19.56	19.15	15.38
Accounts Receivable, 1 Yr. Growth %	4.77	-100	-	-41.21	2.6K
Inventory, 1 Yr. Growth %	14.18	15.68	16.26	19.6	17.03
Net Property, Plant and Equip., 1 Yr. Growth %	5.71	7.95	10.9	0.03	9.26
Total Assets, 1 Yr. Growth %	16.58	19.58	-0.31	7.15	9.62
Tangible Book Value, 1 Yr. Growth %	19.21	17.14	3.87	8.77	8.29
Common Equity, 1 Yr. Growth %	18.61	17.49	4.2	9.21	8.09
Cash From Operations, 1 Yr. Growth %	14.29	23.92	-42.68	81.46	38.85
Capital Expenditures, 1 Yr. Growth %	-33.63	63.12	55.67	-50.63	78.59
Levered Free Cash Flow, 1 Yr. Growth %	39.76	30.54	-40.47	62.03	26.52
Unlevered Free Cash Flow, 1 Yr. Growth %	39.56	30.61	-40.47	61.9	26.47
Dividend Per Share, 1 Yr. Growth %	13.32	12.35	19.54	19.16	66.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.53	11.49	14.34	17.93	17.35
Gross Profit, 2 Yr. CAGR %	13.7	11.64	14.63	18.22	17.4
EBITDA, 2 Yr. CAGR %	14.84	12.47	14.36	18.31	17.52
EBITA, 2 Yr. CAGR %	15.05	12.55	14.44	18.45	17.66
EBIT, 2 Yr. CAGR %	15.05	12.54	14.44	18.44	17.67
Earnings From Cont. Operations, 2 Yr. CAGR %	14.42	12.57	14.9	17.95	16.9
Net Income, 2 Yr. CAGR %	15.17	12.83	15.89	19.36	17.25
Normalized Net Income, 2 Yr. CAGR %	14.78	12.81	16.03	19.46	17.1
Diluted EPS Before Extra, 2 Yr. CAGR %	15.18	12.83	15.9	19.36	17.25
Accounts Receivable, 2 Yr. CAGR %	64.89	-	-71.28	-	298.13
Inventory, 2 Yr. CAGR %	10.82	14.92	15.97	17.92	18.31
Net Property, Plant and Equip., 2 Yr. CAGR %	4.18	6.83	9.41	5.33	4.55
Total Assets, 2 Yr. CAGR %	15.54	18.07	9.18	3.38	8.38
Tangible Book Value, 2 Yr. CAGR %	19.64	18.17	10.3	6.28	8.53
Common Equity, 2 Yr. CAGR %	19.57	18.05	10.65	6.67	8.65
Cash From Operations, 2 Yr. CAGR %	11.74	19.01	-15.72	1.98	58.73
Capital Expenditures, 2 Yr. CAGR %	14.04	4.05	59.35	-12.33	-6.1
Levered Free Cash Flow, 2 Yr. CAGR %	12.58	34.39	-11.85	-1.79	43.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.52	34.33	-11.82	-1.82	43.1
Dividend Per Share, 2 Yr. CAGR %	15.19	12.83	15.89	19.35	40.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.7	12.98	13.25	15.88	17.19
Gross Profit, 3 Yr. CAGR %	18.4	13.14	13.49	16.13	17.35
EBITDA, 3 Yr. CAGR %	20.19	13.69	14.08	15.97	17.47
EBITA, 3 Yr. CAGR %	20.57	13.82	14.2	16.05	17.63
EBIT, 3 Yr. CAGR %	20.6	13.82	14.19	16.05	17.63
Earnings From Cont. Operations, 3 Yr. CAGR %	19.52	13.78	14.14	16.11	17.04
Net Income, 3 Yr. CAGR %	19.92	14.22	15.03	16.97	18.02
Normalized Net Income, 3 Yr. CAGR %	20.11	13.83	15.24	16.91	18.14
Diluted EPS Before Extra, 3 Yr. CAGR %	19.91	14.23	15.03	16.97	18.02
Accounts Receivable, 3 Yr. CAGR %	7.85	-	-55.79	-63.54	-
Inventory, 3 Yr. CAGR %	9.39	12.42	15.37	17.17	17.62
Net Property, Plant and Equip., 3 Yr. CAGR %	2.66	5.42	8.17	6.19	6.62
Total Assets, 3 Yr. CAGR %	16.6	16.87	11.59	8.52	5.42
Tangible Book Value, 3 Yr. CAGR %	21.16	18.8	13.2	9.79	6.95
Common Equity, 3 Yr. CAGR %	20.83	18.87	13.24	10.16	7.14
Cash From Operations, 3 Yr. CAGR %	32.62	15.66	-6.72	8.83	13.03
Capital Expenditures, 3 Yr. CAGR %	22.93	28.49	19	7.83	11.13
Levered Free Cash Flow, 3 Yr. CAGR %	21.33	17.88	2.45	7.98	6.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	21.24	17.86	2.42	7.98	6.83
Dividend Per Share, 3 Yr. CAGR %	20.6	14.24	15.03	16.97	33.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.78	22.27	16.34	14.93	14.88
Gross Profit, 5 Yr. CAGR %	23.56	22.35	16.88	15.15	15.03
EBITDA, 5 Yr. CAGR %	23.85	24.62	17.82	15.51	15.45
EBITA, 5 Yr. CAGR %	24.25	25.04	18.08	15.65	15.57
EBIT, 5 Yr. CAGR %	24.3	25.09	18.09	15.65	15.57
Earnings From Cont. Operations, 5 Yr. CAGR %	24.65	25.45	17.65	15.43	15.23
Net Income, 5 Yr. CAGR %	24.67	25.7	18.29	16.25	15.91
Normalized Net Income, 5 Yr. CAGR %	24.65	25.5	18.46	16.05	15.98
Diluted EPS Before Extra, 5 Yr. CAGR %	24.67	25.69	18.29	16.25	15.92
Accounts Receivable, 5 Yr. CAGR %	-29.14	-	-36.47	-33.32	6.49
Inventory, 5 Yr. CAGR %	9.89	10.12	11.97	14.59	16.54
Net Property, Plant and Equip., 5 Yr. CAGR %	2.74	3.23	5.31	5.38	6.7
Total Assets, 5 Yr. CAGR %	19.85	17.71	13.57	11.27	10.31
Tangible Book Value, 5 Yr. CAGR %	21	21.46	16.7	13.63	11.3
Common Equity, 5 Yr. CAGR %	20.34	21.06	16.65	13.83	11.38
Cash From Operations, 5 Yr. CAGR %	24.27	11.32	10.62	9.98	15.38
Capital Expenditures, 5 Yr. CAGR %	0.27	27.31	36.37	10.27	8.24
Levered Free Cash Flow, 5 Yr. CAGR %	24.89	7.44	6.56	9.58	17.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.8	7.43	6.53	9.55	17.08
Dividend Per Share, 5 Yr. CAGR %	25.61	26.14	18.69	16.26	24.78