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Services-computer processing & data preparation company · Revenue $2.12B · 2.63% margin · $159M FCF
$58.85
$0.14 (-0.24%)
Price from 33 days ago
Operating margin is thin at 2.63%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 5.1% YoY. The question is whether this is cyclical or a structural shift.
At 30x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 29% versus the prior year, cash generation momentum has weakened.
29.9x earnings, 393.7x FCF. 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)
$2.12B
▼ -5.1% YoY
Net Income (TTM)
$2.10B
▲ +1535.0% YoY
Op. Margin
2.63%
▲ +20.8pp YoY
ROIC
0.69%
▲ +7.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$159M
▼ -29.2% YoY
Op. Cash Flow (TTM)
$302M
▼ -2.1% YoY
Net Debt
-$956M
Net Cash Position
Cash & Equiv.
$988M
5Y CAGR: +0.9%
5Y CAGR: -14.3%
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