Overall Score

Growth Runway

Revenue base and profitability are solid enough to support continued compounding, with EV/Sales at 4.16x and operating margin at 13.7%.

Return on invested capital is healthy at 20.4%, suggesting the business can still reinvest at attractive rates.

Financial Strength

Liquidity is strong with a current ratio of 2.97x and quick ratio of 1.63x.

Leverage remains manageable but not trivial, with net debt to EBITDA at 3.04x and interest coverage at 11.7x.

Profitability Quality

Margins are respectable, with gross margin at 32.5% and net margin at 8.4%.

Cash conversion is acceptable but not exceptional, as free cash flow yield is 1.7% and income quality is 1.31x.

Capital Efficiency

Asset efficiency is decent, supported by ROA of 10.4% and ROE of 52.0%.

Working capital intensity remains elevated, with a cash conversion cycle of 178 days and inventory days of 126.4.

Valuation Vs Growth

The stock still screens as expensive on cash flow, with P/FCF at 58.2x and EV/FCF at 63.8x.

PEG is low at 0.01x, but the absolute multiples leave limited margin of safety.