Which means 25 - 30 %
+ operating margins are v achievable.
Radio now accounts for almost two thirds of UTV's revenues, a marvelous re-direction of strategy over the years as it has 25 %
+ operating margins, vs. more like 15 % for TV.
The business consistently made 10 %
+ operating margins back in 2009 - 2011, its limited global peers also suggest 10 % margins are possible, and I know of no structural change since which suggests the business / industry can't earn those kinds of margins again.
Looking at their IPO prospectus suggests Escher can earn 30 %
+ operating margins.
I'd expect most corporate acquirers would quickly capture a 20 %
+ operating margin — similar to the underlying margin I've identified — via cost savings & revenue synergies.
Not exact matches
Would you rather 1) continue building a lifestyle business that provides all the freedom in the world with $ 500,000
+ a year in revenue and 50 % — 70 %
operating profit
margins?
For «product sales» in aggregate (e-commerce
+ Whole Foods
+ the portfolio of crappy little service businesses) the
operating margin increased to 1.16 % of sales vs. 0.3 % of sales in Q1 2017.
This obscures the fact, however, that Worldspreads used to earn 30 %
+ operating profit
margins (similar to those of Paddy Power (PWL: ID)-RRB- before the Irish division was sold.
But its revenue growth has been exceptional in the last two years (a 69 % CAGR) & it boasts a 50 %
+ operating profit
margin.
Kerry's currently earning a 9.9 % adjusted
operating margin — this masks an improving 12 %
+ margin on Ingredients & Flavours, versus a sub-8 %
margin on Consumer Foods.
With over two - thirds of these positive
operating margins at 20 %
+, this is clearly a steady / high
margin industry.
A business that's grown AUM almost 60 % in the last 5 years, and earns a consistent 36 %
operating margin (i.e. pre-tax DE) on $ 1 billion
+ revenue (i.e. 1.4 % in management & incentive fees).
So, on the one hand, such a company isn't worth any more than the proverbial pound... but to an investor familiar with the sector,
operating margins of 20 - 25 %
+ are entirely possible, given a larger revenue base or takeover by a larger competitor.
If I'm wrong: Well, again, it's dirt cheap... the stock now trades on 1.0 times sales, even though it boasts an average 20 %
+ adjusted
operating margin (
operating profit plus financial income) over the last decade, and a sub - $ 1 million / (2.2) % adjusted
operating loss in its worst - ever year.
Revenues (at $ 220.6 mio) are increasingly steadily, while the
operating margin has expanded much faster than I expected (now 40 %
+).
revenue of $ 934 million — unfortunately, we continue to see the same cash flow issue each year, on average a 20 %
+ shortfall in Op FCF (vs. adjusted
operating profit) over 2015 - 16, implying an adjusted 8.6 %
margin is more appropriate in determining a suitable 0.875 Price / Sales multiple.
Underlying
operating margin remains at 40 %
+, while net interest's improved with the Uganda farm - out & their $ 3.5 bio re-financing.
ii) Mature
operating margins of 50 - 60 %
+ for Google's core business wouldn't surprise me in the least, but let's stick to the 40 % adjusted
operating margin I identified above.
Well, because tar sand - extracted oils have a 2X
+ greater carbon footprint than «conventional oil,»
operating margins for producing oil in Alberta will be roughly 1/2 as good as those of the competing state oil companies, once Cap & Trade is fully implemented.