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Services-business services, nec company · DE · FY ends Dec · Revenue $4.05B · 17.36% margin · $463M FCF
$9.07
+$0.02 (+0.22%)
Price from 26 days ago
18.70% operating margin is respectable but not wide. ROIC at 15.44%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.8% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 7x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
6.7x earnings, 6.2x 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)
$4.05B
▼ -3.8% YoY
Net Income (TTM)
$441M
▼ -46.5% YoY
Op. Margin
17.36%
▲ +1.5pp YoY
ROIC
16.29%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$463M
▲ +36.9% YoY
Op. Cash Flow (TTM)
$505M
▲ +33.8% YoY
Net Debt
$1.43B
Cash & Equiv.
$909M
5Y CAGR: -3.5%
5Y CAGR: -9.7%
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