That looks pretty rich when its operating free cash flow margin's averaged just 6.8 % in the past two years, while free cash flow was negligible. (wexboy.wordpress.com)
In the meantime, the company is still generating strong returns on shareholder capital, as well as a solid free cash flow margin to support its steadily rising dividend. (simplysafedividends.com)
Looking back, I previously noted (for FYs 2006 - 2012) an average adjusted operating margin of 24.2 % & an average adjusted operating free cash flow margin of 28.0 %. (wexboy.wordpress.com)