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Services-business services, nec company · A6 · FY ends Dec · Revenue $4.72B · 15.72% margin · $789M FCF
$104.88
+$0.58 (+0.56%)
Price from 33 days ago
15.54% operating margin is respectable but not wide. ROIC at 6.31%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.2%, steady but not accelerating. Margins contracted 2.2pp, which offsets some of the top-line progress.
At 49x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.63B represents 5.0x FCF, leverage limits flexibility.
48.8x earnings, 24.9x FCF. 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)
$4.72B
▲ +7.2% YoY
Net Income (TTM)
$451M
▲ +3.7% YoY
Op. Margin
15.72%
▼ -2.2pp YoY
ROIC
6.43%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$789M
▼ -5.9% YoY
Op. Cash Flow (TTM)
$1.05B
▲ +5.0% YoY
Net Debt
$3.54B
Cash & Equiv.
$667M
5Y CAGR: +27.2%
5Y CAGR: +24.2%
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