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Perfumes, cosmetics & other toilet preparations company · NC · FY ends Sep · Revenue $20M · -13.40% margin · -$3M FCF
The business is unprofitable at the operating level (-11.27% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.5% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$20M
▼ -1.5% YoY
Net Income (TTM)
-$3M
▲ +44.8% YoY
Op. Margin
-13.40%
▲ +5.7pp YoY
ROIC
-24.61%
▲ +0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -201.5% YoY
Op. Cash Flow (TTM)
-$2M
▼ -311.7% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$3M
5Y CAGR: -14.5%
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