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Company Overview We are a supplier of protective films, coatings and related services primarily to the automobile aftermarket, new car dealerships and automobile original equipment manufacturers, or OEMs. The majority of our revenue is derived from the sale of our automotive products and related services while the remainder of our revenue is derived from non-automotive products including archit…
13.16% operating margin is respectable but not wide. ROIC at 18.26%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 13.3%, still solid.
ROIC dropped from 21.60% to 18.26%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$490M
▲ +13.3% YoY
Net Income (TTM)
$53M
▲ +12.6% YoY
Op. Margin
13.18%
▼ -0.9pp YoY
ROIC
17.60%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$58M
▲ +53.1% YoY
Op. Cash Flow (TTM)
$71M
▲ +40.0% YoY
Net Debt
-$24M
Net Cash Position
Cash & Equiv.
$45M
5Y CAGR: +24.5%
5Y CAGR: +30.4%
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