Actually, when I look at the calculation for CAGR, the more I...

Actually, when I look at the calculation for CAGR, the more I realise it is not that meaningful in isolation. It has a number of limitations that can be used by all manner of financial con artists to paint a rosy picture of a flocculation tank.



For example, by my calculations the CAGR for FCF for TME is:

Last 7 years 16.2%
Last 6 years 6%
Last 5 years 11.7%
Last 4 years 8.4%
Last 3 years 7%
Last 2 years 6.7%

Goes to show that I need to think through each calculation to understand what it is really telling me. The investing world and engineering world are not that dissimilar in that regard.