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Services-miscellaneous amusement & recreation company · DE · FY ends Dec · Revenue $466M · 13.33% margin · -$929K FCF
$44.32
$0.23 (-0.52%)
Price from 14 days ago
12.16% operating margin is respectable but not wide. ROIC at 5.42%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 23.4% YoY with margins expanding 24.6pp.
At 44x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $168M represents 15.1x FCF, leverage limits flexibility.
43.9x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$466M
▲ +23.4% YoY
Net Income (TTM)
$29M
▼ -93.8% YoY
Op. Margin
13.33%
▲ +24.6pp YoY
ROIC
6.05%
▲ +11.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$929K
▲ +1450.3% YoY
Op. Cash Flow (TTM)
$81M
▲ +51.3% YoY
Net Debt
$198M
Cash & Equiv.
$35M
5Y CAGR: +1.7%
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