VAL close: $77 on 2023-07-31 to $74 on 2026-07-29.
Daily closing price, split-adjusted to the current basis; 3y shown of 3,603 bars on file. Sampled to 240 points — every point is a real close, none averaged. Price return, not total return (dividends excluded). Source marketstack.
At a glance
Fair value (model)$121.49
Implied upside+63.8%
Valuation confidenceLOW
Price impliesUNDEMANDING · 1.9% growth
Short interest9.4% of sh out
Days to cover7.2d
13F net flow (QoQ)+4.54%
Top-10 13F concentration54.4%
Next report (est.)2026-08-03
Fair value, confidence and the reverse-DCF grade are the MATERIALIZED daily snapshot (the same columns the screener serves), not a live model run. Short interest is FINRA semi-monthly, settlement 2026-07-15. 13F figures are quarterly filings, period 2026-Q1 — a lower bound on true ownership.
Key fundamentalsFY 2025
P/E (FY)5.4×
Sales (TTM)$2.21B
Trailing returns
YTD+47.2%
1Y+45.6%
3Y−3.4%
5Y+167.6%
10Y+111.5%
Since incept. (ann.)−6.0%
Total return through 2026-07-29 · series begins 2011-07-11. Only the windows this history actually covers are shown.
Risk
Ann. volatility (1Y)60.1%
Ann. volatility (3Y)50.1%
Sharpe (1Y)0.89
Sharpe (3Y)0.23
Max drawdown (1Y)−36.1%
Max drawdown (3Y)−63.8%
Beta (3Y vs SPY)0.63
Daily simple returns, annualized; drawdown is peak-to-trough within the window. Beta is the OLS slope of monthly returns on SPY's over three years. Each figure is labeled by the window it was measured over — they are not comparable across windows.
Top institutional holders13F 2026-Q1
Manager
Shares
Value
% sh out
QoQ
BlackRock, Inc.
8.2M
$806M
11.88%
+5.5%
OAK HILL ADVISORS LP
4.8M
$470M
6.92%
+0.0%
Lingotto Investment Management LLP
3.7M
$363M
5.35%
−0.3%
DIMENSIONAL FUND ADVISORS LP
3.3M
$328M
4.84%
+3.5%
VANGUARD PORTFOLIO MANAGEMENT LLC
2.9M
$283M
4.16%
new
VANGUARD CAPITAL MANAGEMENT LLC
2.6M
$255M
3.75%
new
STATE STREET CORP
2.5M
$245M
3.61%
−0.3%
MORGAN STANLEY
2.1M
$204M
3.00%
+59.3%
Reported 13F long positions as filed for 2026-Q1 (change vs 2025-Q4). 13F covers US-listed long equity only — the sum is a LOWER BOUND on institutional ownership, never a total.
Latest reported quarterslast report 2026-05-04
Period end
Reported
EPS
EPS YoY
Revenue
Rev YoY
2026-03-31
2026-05-04
−$0.24
—
$465.4M
−25.0%
2025-12-31
2026-02-19
—
—
$537.4M
−8.0%
2025-09-30
2025-10-29
$2.65
+201.1%
$595.7M
−7.4%
2025-06-30
2025-07-30
$1.61
−20.7%
$615.2M
+0.8%
EPS and revenue as reported in this filer's own XBRL — our extraction of the filings, not a vendor consensus feed, and never a beat/miss claim (we carry no estimates). YoY compares the same fiscal quarter a year earlier. Next report 2026-08-03 is ESTIMATED from filing cadence (median gap 91d) — not company-confirmed.
Basis & disclosures
End-of-day only. Every price on this sheet is a stored CLOSE — the last one is 2026-07-29. Nothing here is live, intraday or delayed-real-time, and the sheet does not update after it is printed.
Nothing is imputed. A figure that is not in the underlying filing or feed renders as “—”. We never fill a gap with an estimate, a peer median or a carried-forward value.
Mixed as-of dates by design. Prices are at the last close; fundamentals are at the latest reported fiscal period; 13F ownership is at the latest filed quarter (45+ days in arrears); short interest is the latest FINRA settlement. Each block states its own basis above.
Not investment advice. Model fair values, reverse-DCF grades and confidence labels are the output of published, disclosed methods on public filings — they are analysis, not a recommendation, a price target or a solicitation.
Fundamentals and ownership derive from SEC EDGAR (and equivalent foreign registers); prices from a licensed end-of-day vendor, shown under a neutral source label. Full methodology at spzco.com/methodology.
Earnings (TTM)$1.00B
ROE36.3%
Net margin41.5%
ROIC14.4%
Debt / equity0.34×
EPS growth 3Y81.2%
Sales growth 3Y13.9%
Screener basis: ratios from the latest reported fiscal year; Sales/Earnings are trailing twelve months in the reporting currency (USD). The P/E is a trailing FULL-YEAR P/E, not TTM. Missing lines are absent from the filings, never imputed.
