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Management s Discussion and Analysis of Financial Condition and Results of Operations. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital mark…
$103.23
$5.53 (-5.08%)
Last close via Marketstack
Operating margin is thin at 9.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 15.4%, still solid.
Even for strong businesses, today's 15x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
14.8x earnings, 10.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.56B
▲ +15.4% YoY
Net Income (TTM)
$387M
▼ -16.9% YoY
Op. Margin
9.67%
▼ -2.0pp YoY
ROIC
10.29%
▼ -0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$544M
▲ +16.3% YoY
Op. Cash Flow (TTM)
$594M
▲ +17.1% YoY
Net Debt
-$749M
Net Cash Position
Cash & Equiv.
$1.04B
5Y CAGR: +15.5%
5Y CAGR: +5.2%
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