Growth

The return metric summarises the relative ranking of the asset versus its peers in terms of revenue, EBITDA, FCF, and net income / EPS growth rates. It also considers the presence and the severeness of key metrics’ seasonality, the presence and persistence of growth momentum, growth rates volatility, and the availability of quarterly financials. For the financial institutions, we use core revenue (the sum of net interest income and net fee and commission income), IBPT (income before provisioning and taxes), and RIBPT (recurring income before provisioning and taxes), which better reflect their business model. The lowest score of 1 of 7 reflects very low relative ranking versus peers on these metrics, severe seasonality, annual-only financials, and the absence of growth momentum of any key financials.