SEZL
Daily closes · 1Y (252 sessions) · +32.5% · range 50.97–188.55
The Businesswhat the company reports
Business & cash flow
| FCF / assets | 52.3% |
|---|---|
| OCF / assets | 52.4% |
| FCF / revenue | 46.6% |
| Gross margin | 74.3% |
| ROIC | 52.4% |
| Forward P/E | 18.6 |
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 +14.2pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +46.7% |
|---|---|
| Trailing price return (1y) | +32.5% |
| Forward P/E compression | +31.8% |
Figures
| Trailing EPS | 4.53 |
|---|---|
| Forward EPS | 6.65 |
| Trailing P/E | 27.27 |
| Forward P/E | 18.59 |
Revisions
Stable (+1.6%, 3 prior obs)
Takeaway Earnings growth is outpacing price — consistent with the stock not yet fully reflecting its improving forward estimates.
Reported earnings
Revenue Net incomeEPS (GAAP) (0.20–4.93, 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 | 73.28m | +52.1% | 51.30m | 1.47 | 1.43 | +13.4% | 2026-05-07 |
| 2025-12-31 (derived) | 78.21m | +61.6% | 42.69m | 1.19 | 1.21 | +23.6% | 2026-02-26 |
| 2025-09-30 | 57.48m | +61.7% | 26.67m | 0.75 | 0.71 | +6.8% | 2025-11-06 |
| 2025-06-30 | 52.02m | +72.3% | 27.60m | 0.78 | — | — | 2025-08-08 |
| 2025-03-31 | 48.17m | +90.8% | 36.16m | 1.00 | — | — | 2025-05-08 |
| 2024-12-31 (derived) | 48.41m | — | 25.37m | 4.24 | — | — | 2025-02-27 |
| 2024-09-30 | 35.55m | -13.0% | 15.45m | 2.62 | — | — | 2024-11-08 |
| 2024-06-30 | 30.19m | -13.6% | 29.70m | 4.93 | — | — | 2024-08-08 |
| 2024-03-31 | 25.25m | -27.2% | 8.01m | 1.34 | — | — | 2024-05-09 |
| 2023-09-30 | 40.84m | — | 1.29m | 0.23 | — | — | 2023-11-14 |
| 2023-06-30 | 34.94m | — | 1.14m | 0.20 | — | — | 2023-08-14 |
| 2023-03-31 | 34.67m | — | 1.72m | 0.31 | — | — | 2023-05-15 |
Share count
Diluted shares Return since the previous filing
| Direction | Shrinking — shares retired |
|---|---|
| Diluted shares | 34.9M as at 2026-03-31 |
| Change over 1 year | -3.4% |
| Public float | $3.17bn as at 2025-06-30 (10-K) |
History before 2025-03-31 is not shown. The share count jumps at that date by a ratio no ordinary issuance produces — a split whose factor is not in Brown Bear's split store — so earlier figures are on a different basis and cannot be compared with today's.
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | At Support Zone |
|---|---|
| Reference band | 113.44 — 116.88 |
| Protective stop | 96.49 (Atr, 16.2% risk) |
| Support | 114.59 (2 touches, 7.8% away) |
| Resistance | 184.61 (49.4% away) |
Takeaway The shares are nearer the floor than the ceiling: about 7.8% above 114.59, a price buyers have stepped in at before, and 49.4% below 184.61, where sellers have turned up before. That floor has held 2 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 16.2% 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 BEAR |
| Cloud thickness | 100% percentile (thick — substantial structure) |
| 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 132.71 to 154.94. 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. The band is unusually wide at the moment, so it marks a broad zone rather than a single level.
Trailing returns
| 21 days | -21.3% |
|---|---|
| 63 days | +6.5% |
| 126 days | +97.3% |
| 252 days | +33.8% |
| Below 252d high | 34.5% |
Trend context
| Position | Far above trend |
|---|---|
| Extension | Extended |
| Trend slope | Rising |
| Direction of travel | Holding its deviation |
Takeaway Positive Kalman trend with moderate extension; constructive for momentum but watch entry risk.
Volatility
| State | No recent compression |
|---|---|
| Current band width | 65.7% of price |
| Recent tightest | 53.3% (9 sessions ago, narrower than 13.0% of its history) |
| Expansion since | 1.23× |
| Band | 91.06 — 180.15 |
Takeaway Lately this share price has been swinging around inside a range roughly 66% wide. That is normal for this stock, so there is nothing unusual to read into it either way.
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 | Mixed buying and selling |
|---|---|
| Buy filings | 1 |
| Sell filings | 20 |
| Shares bought | 129 |
| Shares sold | 39,411 |
| Value bought | $15.0k |
| Value sold | $7.4m |
| Latest buy | 2026-08-20 |
| Latest sell | 2026-07-16 |
| Filed | Insider | Shares | Value |
|---|---|---|---|
| 2026-08-20 | Bought Khurana RajeevGeneral Counsel | 129 | $15,000 |
| 2026-07-16 | Sold Paradis PaulDirector & President | 7,232 | $1,375,879 |
| 2026-07-16 | Sold Paradis PaulDirector & President | 900 | $172,085 |
| 2026-07-16 | Sold Paradis PaulDirector & President | 500 | $96,092 |
| 2026-07-16 | Sold Paradis PaulDirector & President | 1,700 | $328,983 |
| 2026-07-16 | Sold Paradis PaulDirector & President | 400 | $77,806 |
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 | Marginal |
No absorption or distribution event in the recent window.
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.
Options Positioning
No binary-event flag
SEZL: no binary-event flag. Near IV 80%, far IV 78% (ratio 1.03), implied move 16.0%.
| Implied volatility | 80% near (23d) · 78% far (86d) |
|---|---|
| Term structure | 1.03× near/far |
| Historical volatility | 138% |
| Implied vs historical | 0.58× |
| Implied move | ±16.0% by 2026-09-18 |
| Implied move vs ATR | 0.55× |
| Skew | Flat (1.04×) |
| Call wall | 125.00 (+1.2% away) |
| Put wall | 55.00 (-55.5% away) |
| Gamma pin | 55.00 |
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 16.0% in either direction by 2026-09-18.
Chain as at 2026-08-26. 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 44.3/100; Negative Rotation.
| Rotation health | 44.3 |
|---|---|
| Rotation strength | 72.9 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Lagging | 90.2 | 89.9 |
| Stock vs SPY | Lagging | 90.2 | 97.6 |
| Sector vs SPY | Improving | 92.5 | 124.1 |
Direction of travel: South-East / trend strong but momentum cooling
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 26.53 (+10.0)
- Insider conviction score (+3.0)
- Gross margin quality: 74.3% (+19.9)
- ROIC quality: 52.4% (+30.0)
- FCF margin quality: 46.6% (+20.0)
- Gross margin improving by 17.4 pts (+5.0)
- ROIC improving by 16.9 pts (+10.0)
- FCF margin improving by -1.6 pts (+-3.0)
- High earnings quality (accrual ratio -0.192) (+8.0)
- Accrual ratio improving (-0.17 -> -0.19) (+5.0)
- Track 1: relative strength trend improving (+5.0)
- Track 1: ADX 49.0 and rising (+10.0)
- Track 1: relative momentum rank 0.77 (+3.6)
- Track 1: Bullish MACD divergence (+12.0)
- Track 1: MACD histogram acceleration 3.26 (+10.0)
- Track 1: MACD line/signal repair quality (+3.0)
- Track 1: MACD slope improving (+1.0)
- Track 1: Bollinger position 0.36 (+5.1)
- Regime convergence: CONSTRUCTIVE_PULLBACK confidence 88.2/100 (EMERGING) (+17.6)
Negative signals
- Underperforming sector over 20 days
- Track 1: weak MACD histogram (-0.53)
- Track 1: weak volume confirmation (0.28x average)
- Track 1: negative 20-day momentum acceleration (-0.08)
- Track 1: bearish DI spread (-35.3)
- Track 1: price below EMA20 by 6.9%
- Track 1: EMA20 slope deteriorating -5.5%
- Track 1: RSI deterioration/extension 23.5, 5-day change -11.8
- Track 1: weak VPT confirmation (-0.03)
- Track 1: price below EMA50 by 11.3%
- Track 1: EMA50 slope deteriorating -5.8%
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.