MAR
Some scores are at the bottom of their range
This score sits at the bottom of the 0–100 range. The underlying calculation was negative, so the displayed value is a floor, not a measurement of zero.
- Tactical Score: displayed 0, underlying value -3.7
Daily closes · 1Y (252 sessions) · +33.8% · range 259.04–402.54
The Businesswhat the company reports
Business & cash flow
| FCF / assets | 9.5% |
|---|---|
| OCF / assets | 11.7% |
| FCF / revenue | 12.3% |
| Gross margin | 79.2% |
| ROIC | 22.0% |
| Forward P/E | 27.0 |
FCF/assets and OCF/assets are the cash-flow measures Brown Bear's own testing found to survive; FCF/revenue is shown alongside for context. Assets are from the latest annual filing (FY2025).
Price vs Earnings growth
Forward EPS growth has outpaced trailing price return by +2.4pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +36.2% |
|---|---|
| Trailing price return (1y) | +33.8% |
| Forward P/E compression | +26.6% |
Figures
| Trailing EPS | 9.65 |
|---|---|
| Forward EPS | 13.15 |
| Trailing P/E | 36.74 |
| Forward P/E | 26.97 |
Revisions
Stable (+0.3%, 10 dates)
Takeaway Price and forward earnings growth are broadly in step; no strong valuation lean either way.
Reported earnings
Revenue Net incomeEPS (GAAP) (1.60–2.80, own scale) Derived Q4
12 quarters to Q1 26. Revenue and net income share one scale, so the gap between them is the margin. The line is GAAP EPS — it spans every quarter shown, where the reported figure only goes back as far as the consensus feed does.
| Quarter ending | Revenue | YoY | Net income | EPS (GAAP) | EPS reported | vs consensus | Filed |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | 6.65bn | +6.2% | 648.00m | 2.43 | 2.72 | +5.5% | 2026-05-06 |
| 2025-12-31 (derived) | 6.69bn | +4.1% | 445.00m | 1.63 | 2.58 | -2.2% | 2026-02-10 |
| 2025-09-30 | 6.49bn | +3.7% | 728.00m | 2.67 | 2.47 | +2.2% | 2025-11-04 |
| 2025-06-30 | 6.74bn | +4.7% | 763.00m | 2.78 | — | — | 2025-08-05 |
| 2025-03-31 | 6.26bn | +4.8% | 665.00m | 2.39 | — | — | 2025-05-06 |
| 2024-12-31 (derived) | 6.43bn | +5.5% | 455.00m | 1.60 | — | — | 2025-02-11 |
| 2024-09-30 | 6.25bn | +5.5% | 584.00m | 2.07 | — | — | 2024-11-04 |
| 2024-06-30 | 6.44bn | +6.0% | 772.00m | 2.69 | — | — | 2024-07-31 |
| 2024-03-31 | 5.98bn | — | 564.00m | 1.93 | — | — | 2024-05-01 |
| 2023-12-31 (derived) | 6.09bn | — | 848.00m | 2.80 | — | — | 2024-02-13 |
| 2023-09-30 | 5.93bn | — | 752.00m | 2.51 | — | — | 2023-11-02 |
| 2023-06-30 | 6.08bn | — | 726.00m | 2.38 | — | — | 2023-08-01 |
Earnings response
| Typical move around a filing | ±1.4% |
|---|---|
| On an ordinary two days | ±1.4% — filings move it 1.0× as much |
| Direction | 6 up, 5 down over 11 filings |
Revenue up year on year Revenue down Price move around the filing separate scales — a crossing means nothing
| Quarter ending | Filed | Revenue YoY | Move around filing | Next 20 sessions vs SPY |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-06 | +6.2% | -0.7% | +10.9% |
| 2025-09-30 | 2025-11-04 | +3.7% | +7.3% | +3.8% |
| 2025-06-30 | 2025-08-05 | +4.7% | +1.4% | +0.0% |
| 2025-03-31 | 2025-05-06 | +4.8% | +3.5% | -3.9% |
| 2024-09-30 | 2024-11-04 | +5.5% | -0.3% | +6.4% |
| 2024-06-30 | 2024-07-31 | +6.0% | -8.4% | +3.2% |
| 2024-03-31 | 2024-05-01 | +6.4% | -0.2% | -6.0% |
| 2023-09-30 | 2023-11-02 | +11.6% | +1.3% | +4.8% |
| 2023-06-30 | 2023-08-01 | +13.8% | +0.8% | +1.0% |
| 2023-03-31 | 2023-05-02 | +33.7% | +4.9% | -7.2% |
| 2022-09-30 | 2022-11-03 | +34.6% | -2.6% | +2.9% |
Share count
Diluted shares Return since the previous filing
| Direction | Shrinking — shares retired |
|---|---|
| Diluted shares | 266.8M as at 2026-03-31 |
| Change over 1 year | -3.9% |
| Change over 3 years | -14.2% |
| Public float | $61.23bn as at 2025-06-30 (10-K) |
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | Fair Value Anchor |
|---|---|
| Reference band | 327.18 — 356.35 |
| Protective stop | 318.93 (Atr, 6.7% risk) |
| Support | 347.12 (5 touches, 2.2% away) |
| Resistance | 364.50 (2.8% away) |
Takeaway The shares are nearer the floor than the ceiling: about 2.2% above 347.12, a price buyers have stepped in at before, and 2.8% below 364.50, where sellers have turned up before. That floor has held 5 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 6.7% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price BELOW the cloud | periods 5/16/31 (60% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BEAR | cloud twist BULL (fresh up, 2d ago) |
| Cloud thickness | 2% percentile (thin — little structure to fight through) |
| Chikou span | Not clear of price from 26 periods ago |
| Weekly cloud | Price BELOW the weekly cloud (context only, not scored) |
Takeaway The stock is trading below its cloud — a shaded band drawn from several of its own moving averages, currently 362.52 to 362.75. Being below it means the medium-term picture is pointing downwards, and that band is the first hurdle it would have to climb back through. Its shorter-term averages agree with that.
Trailing returns
| 21 days | -2.4% |
|---|---|
| 63 days | +1.2% |
| 126 days | -1.3% |
| 252 days | +37.5% |
| Below 252d high | 11.9% |
Trend context
| Position | Far above trend |
|---|---|
| Extension | Extremely extended |
| Trend slope | Flat |
| Direction of travel | Converging back to trend |
Takeaway Extreme upside extension above Kalman fair trend; entry risk is elevated.
Volatility
| State | Expanded out of a squeeze |
|---|---|
| Current band width | 13.2% of price |
| Recent tightest | 7.0% (8 sessions ago, narrower than 91.0% of its history) |
| Expansion since | 1.89× |
| Band | 340.65 — 388.98 |
Takeaway Lately this share price has been swinging around inside a range roughly 13% wide, and it recently went unusually quiet — calmer than it has been 91% of the time. It has started moving again since, swinging about 1.9 times as widely as during that quiet spell. A stock that has been quiet tends to make its next move look big by comparison, simply because the recent bar was low.
Historical trends
History begins when the site started recording, not when the company listed, so a short line means a short record and nothing more.
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | No filings in the window |
|---|---|
| Buy filings | 0 |
| Sell filings | 0 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Volume confirmation
| Volume-price trend | Below its signal line |
|---|---|
| Confirmation | Moderate |
| Event | Absorption (1 session(s) ago) |
|---|---|
| Volume percentile | 94% |
| Range percentile | 10% |
| Close within the bar | 44% of range |
| Event level | 347.27 (held) |
Takeaway The heaviest trading has been happening on days when the price falls: when large numbers of shares change hands, the price has tended to go down rather than up. That tells you where the weight of trading has been. It does not tell you what happens next, and it is not a signal to sell. There was also a day 1 session(s) ago when a great many shares changed hands and the price barely moved — buyers took everything that was offered without the price falling, and it has held since.
Options Positioning
No binary-event flag
MAR: no binary-event flag. Near IV 21%, far IV 26% (ratio 0.83), implied move 2.7%.
| Implied volatility | 21% near (9d) · 26% far (65d) |
|---|---|
| Term structure | 0.83× near/far |
| Historical volatility | 36% |
| Implied vs historical | 0.59× |
| Implied move | ±2.7% by 2026-08-21 |
| Implied move vs ATR | 0.34× |
| Skew | Put Skew (1.18×) |
| Call wall | 400.00 (+12.8% away) |
| Put wall | 350.00 (-1.3% away) |
| Gamma pin | 350.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 2.7% in either direction by 2026-08-21.
Chain as at 2026-08-12. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Stock Rotation Headwind
Rotation health 33.3/100; Negative Rotation.
| Rotation health | 33.3 |
|---|---|
| Rotation strength | 87.6 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Lagging | 82.2 | 87.4 |
| Stock vs SPY | Lagging | 81.2 | 88.4 |
| Sector vs SPY | Leading | 112.5 | 121.1 |
Direction of travel: South-West / deteriorating rotation
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 6/9 (+15.0)
- Altman Z-score 5.01 (+8.0)
- Gross margin quality: 79.2% (+21.7)
- ROIC quality: 22.0% (+14.5)
- FCF margin quality: 12.3% (+8.2)
- Gross margin improving by 59.4 pts (+5.0)
- High earnings quality (accrual ratio -0.022) (+2.0)
- Accrual ratio improving (-0.01 -> -0.02) (+5.0)
- Track 1: 20-day momentum acceleration 0.04 (+3.0)
- Track 1: relative momentum rank 0.76 (+3.4)
- Track 1: Bullish MACD divergence (+12.0)
- Track 1: MACD histogram acceleration 0.35 (+4.0)
- Track 1: RSI recovery 44.7, 5-day change +0.3 (+0.2)
- Track 1: EMA50 support proximity 3.5% (+2.1)
- Track 1: EMA200 support proximity 3.8% (+4.3)
- Track 1: Bollinger position 0.29 (+5.7)
Negative signals
- Track 1: weak MACD histogram (-1.54)
- Relative strength versus sector deteriorating
- Track 1: bearish DI spread (-6.8)
- Track 1: weak/falling ADX (14.5, flat)
- Track 1: price below EMA20 by 2.2%
- Track 1: EMA20 slope deteriorating -1.7%
- Track 1: weak MACD line/signal structure (-5.0)
- Track 1: MACD slope deteriorating (-5.0)
- Track 1: weak VPT confirmation (-0.21)
- Track 1: price below EMA50 by 3.5%
- Track 1: EMA50 slope deteriorating -1.5%
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.