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Services-management consulting services company · E9 · FY ends Sep · Revenue $4M · 12.09% margin · -$2M FCF
12.09% operating margin is respectable but not wide. ROIC at 4.58%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.2%, still solid. Margins contracted 13.7pp, which offsets some of the top-line progress.
ROIC dropped from 65.58% to 4.58%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4M
▲ +12.2% YoY
Net Income (TTM)
$560K
▼ -31.8% YoY
Op. Margin
12.09%
▼ -13.7pp YoY
ROIC
4.58%
▼ -61.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -223.6% YoY
Op. Cash Flow (TTM)
-$2M
▼ -184.5% YoY
Net Debt
-$12M
Net Cash Position
Cash & Equiv.
$13M
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