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Communications equipment, nec company · CO · FY ends Apr · Revenue $24M · 27.76% margin · $5M FCF
27.68% operating margin is above average. ROIC at 7.64%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.5%, steady but not accelerating. Free cash flow declined 30% despite revenue growth, conversion is weakening.
Free cash flow declined 30% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$24M
▲ +3.5% YoY
Net Income (TTM)
$9M
▼ -5.6% YoY
Op. Margin
27.76%
▼ -1.2pp YoY
ROIC
7.67%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5M
▼ -30.5% YoY
Op. Cash Flow (TTM)
$5M
▼ -28.3% YoY
Net Debt
-$46M
Net Cash Position
Cash & Equiv.
$46M
5Y CAGR: +8.8%
5Y CAGR: +8.6%
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