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Deep sea foreign transportation of freight company · E9 · FY ends Jun · Revenue $25M · 19.50% margin · $6M FCF
19.50% operating margin is respectable but not wide. ROIC at 9.63%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.5% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 14.54% to 9.63%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$25M
▼ -1.5% YoY
Net Income (TTM)
$3M
▼ -1.1% YoY
Op. Margin
19.50%
▼ -0.4pp YoY
ROIC
9.63%
▼ -4.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$6M
▲ +9.1% YoY
Op. Cash Flow (TTM)
$7M
▲ +14.3% YoY
Net Debt
$2M
Cash & Equiv.
$16M
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