Overall Score

Revenue Quality

Revenue base remains supported by a low price-to-sales ratio of 0.12 and EV/sales of 0.52, indicating the market is still valuing the business conservatively.

Asset turnover is strong at 1.42 and fixed asset turnover is 29.66, suggesting the company is generating meaningful sales from its asset base.

Profitability

Margins remain thin, with gross margin at 9.1% and operating margin at 2.1%, while net margin is still negative at -7.6%.

Returns remain weak, with ROE at -51.5% and ROA at -10.9%, indicating the business is not yet producing acceptable bottom-line profitability.

Cash Generation

Operating cash flow is positive, with OCF margin at 3.5% and OCF per share at 9.79, showing the business can still generate cash from operations.

Free cash flow remains positive on a per-share basis at 5.41, but FCF conversion is only moderate with FCF/OCF at 55.3% and FCF yield at 16.0%.

Balance Sheet

Liquidity is adequate with a current ratio of 1.79 and quick ratio of 1.79, providing some near-term cushion.

Leverage remains elevated, with debt-to-equity at 3.84 and net debt to EBITDA at 19.74, which keeps financial risk high.

Capital Efficiency

ROIC is modest at 3.5% and ROCE is 3.6%, indicating capital is being deployed with only limited efficiency.

Working capital turnover is solid at 9.49, but the cash conversion cycle of 44.6 days suggests working capital is still tied up for a meaningful period.