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In some cases, you can identify these statements by forward-looking words such as may, might, would, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, potential opportunity, strategy, future, goal, commit, or continue, the negative of these terms and other comparable terminology. These statements are only predictions based on our current expectations and …
$42.67
+$0.54 (+1.28%)
Price from 12 days ago
19.02% operating margin is respectable but not wide. ROIC at 8.83%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 5.3% YoY. Margins deteriorated 7.0pp alongside, both lines moving the wrong way.
Free cash flow declined 14% versus the prior year, cash generation momentum has weakened. ROIC dropped from 12.13% to 8.83%, capital efficiency is deteriorating.
6.6x earnings, 3.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$6.69B
▼ -5.3% YoY
Net Income (TTM)
$930M
▼ -31.8% YoY
Op. Margin
19.02%
▼ -7.0pp YoY
ROIC
8.83%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.85B
▼ -14.0% YoY
Op. Cash Flow (TTM)
$2.02B
▼ -8.5% YoY
Net Debt
$928M
Cash & Equiv.
$55M
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