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Semiconductors & related devices company · E9 · FY ends Dec · Revenue $685M · 1.19% margin · -$10M FCF
Operating margin is thin at 1.19%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 14.7% YoY. Margins deteriorated 6.2pp alongside, both lines moving the wrong way.
Free cash flow declined 114% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.93% to 1.06%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$685M
▼ -14.7% YoY
Net Income (TTM)
$28M
▼ -45.1% YoY
Op. Margin
1.19%
▼ -6.2pp YoY
ROIC
1.06%
▼ -6.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -113.6% YoY
Op. Cash Flow (TTM)
$29M
▼ -65.3% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$149M
5Y CAGR: -1.5%
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