/
Wholesale-machinery, equipment & supplies company · DE · FY ends Dec · Revenue $340M · 5.62% margin · -$9M FCF
$6.42
+$0.08 (+1.26%)
Price from 7 days ago
Operating margin is thin at 4.71%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.8% YoY. The question is whether this is cyclical or a structural shift.
At 31x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$29M. The business is consuming cash, not generating it.
30.6x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$340M
▼ -2.8% YoY
Net Income (TTM)
$10M
▲ +46.6% YoY
Op. Margin
5.62%
▲ +1.9pp YoY
ROIC
3.03%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▼ -912.9% YoY
Op. Cash Flow (TTM)
-$4M
▼ -305.4% YoY
Net Debt
$169M
Cash & Equiv.
$2M
5Y CAGR: +9.9%
Continue Research