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and Historical Development Resources was incorporated in the Commonwealth of Virginia on July 31, 1998 and, effective July 1, 1999, its subsidiaries were reorganized into the Resources holding company structure. Resources is currently composed of the following subsidiaries: Roanoke Gas and Midstream.
19.35% operating margin is respectable but not wide. ROIC at 5.53%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.6%, still solid.
Net debt of $147M represents 17.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$107M
▲ +12.6% YoY
Net Income (TTM)
$14M
▲ +12.9% YoY
Op. Margin
17.29%
▼ -0.8pp YoY
ROIC
5.46%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4M
▲ +276.3% YoY
Op. Cash Flow (TTM)
$24M
▲ +66.0% YoY
Net Debt
$144M
Cash & Equiv.
$3M
5Y CAGR: +8.6%
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