Overall Score

Revenue Model

The company appears to generate revenue from a cyclical industrial/services model with TTM revenue per share of 4.62 and price-to-sales of 1.70.

Gross margin is 23.7% and EBITDA margin is 12.8%, indicating a workable but not high-margin business model.

No dividend is being paid, so shareholder returns are currently driven by operating performance rather than income.

Profitability

TTM net profit margin is only 1.0%, showing thin bottom-line profitability despite a 7.8% operating margin.

Return on equity is 1.9% and return on invested capital is 1.9%, both indicating weak capital efficiency.

Interest coverage is 3.36x, which is adequate but leaves limited cushion if operating results soften.

Cash Generation

Operating cash flow is positive, but free cash flow is negative at -19.0 million TTM and free cash flow yield is -1.4%.

Capex exceeds operating cash flow, with capex-to-operating-cash-flow at 1.21x, suggesting cash is being reinvested heavily.

Income quality is 2.62, implying reported earnings are not translating cleanly into cash.

Balance Sheet

Liquidity is solid with a current ratio of 2.46x and quick ratio of 1.76x.

Net debt to EBITDA is 0.85x and debt-to-equity is 0.55x, indicating moderate leverage.

Cash per share of 1.11 and working capital of 243.7 million provide a reasonable buffer.

Operational Efficiency

Asset turnover of 0.80x and fixed-asset turnover of 2.43x suggest acceptable but not exceptional asset utilization.

The cash conversion cycle is 111.3 days, reflecting a fairly long working-capital cycle.

Inventory days of 87.3 and receivables days of 65.0 indicate working capital is tied up for extended periods.