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Rolling drawing & extruding of nonferrous metals company · E9 · FY ends Jun · Revenue $113M · 0.44% margin · -$6M FCF
Operating margin is thin at 0.44%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.0%, steady but not accelerating. Free cash flow declined 557% despite revenue growth, conversion is weakening.
Free cash flow declined 557% versus the prior year, cash generation momentum has weakened. ROIC dropped from 5.59% to 2.06%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$113M
▲ +7.0% YoY
Net Income (TTM)
$1M
▲ +55.6% YoY
Op. Margin
0.44%
▼ -0.4pp YoY
ROIC
2.06%
▼ -3.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -557.3% YoY
Op. Cash Flow (TTM)
-$5M
▼ -247.8% YoY
Net Debt
$14M
Cash & Equiv.
$189K
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