Sentences with phrase «free cashflow»

Operating free cashflow margins continue to outpace operating profit — at 28.2 %, a 3.25 Price / Sales ratio still looks fair, while a substantial positive debt adjustment is clearly appropriate in light of the balance sheet strength & the ringing success to date of their Australian acquisition.

Average operating free cashflow margins have been 8.0 %, which deserves a 0.67 P / S ratio.

In terms of its fundamentals, Lear has growing revenues, a strong balance sheet and loads of free cashflow.

Property P&L s I simply ignore, but I always check the cashflow statement just in case there's a nasty surprise — but here we see marginally positive free cashflow of EUR 1.6 mio for 2012.

This seems fair when you consider TRIB is currently generating about $ 1 mio per month in free cashflow.

But as an investor you can't really complain provided the dividend is covered by free cashflow.

The dividend is not only fully covered by its EPS it is also very safe when it comes to free cashflow per share.

However, historical growth has tended to be slow & erratic, and operating free cashflow continues to disappoint.

a) Investors must focus on free cashflow & debt — nothing else matters!

Operating free cashflow for the last twelve months was EUR 4.6 mio, for an OP FCF margin of 2.6 %.

Nothing in Donegal's accounts indicate / confirm MMM's actual free cashflow.

Gold producer Northern Star Resources is calling the past six months a defining period for the company, with a combination of strong growth in production, lower costs and increased free cashflow.

As we can see, the business is usually quite cash generative, only Reply has negative free cashflow.

The more free cashflow that the company has improves their ability to service the current portion of all outstanding debt owed to investors.

Far better to leave it to the Society — they can just go off & bloody argue with themselves, to their hearts» content, about the milk price... Anyway, it's debatable if Glanbia could afford it anyway — debt's already far higher than is prudent, particularly when one notes operating free cashflow consistently falls 50 % or more behind EBITA.

Capex was high, as you'd expect from this early stage / high growth business, but still allowed for significant free cashflow — not something I'd have expected!

Yr - end cash was $ 5.1 m, and let's assume free cashflow is unchanged vs. last year at $ 151 K. [Which should offer some upside — i) receivables (ex-AREO) & payables were a significant negative last year, ii) management fees should be up y - o - y, and iii) further cost savings & efficiencies were identified in the final results].

Annualized revenues are EUR 544.4 mio, while operating free cashflow grosses up to EUR 34.2 mio, a true / underlying 6.3 % operating margin.

Overall, with its price / book, price / sale and price / free cashflow above their five years averages, CLX appears expensive.

Probably not, ironically, as most other unicorns aren't free cashflow positive, and thus probably need their IPOs to be cash - accretive.

Operating free cashflow margin turned positive again in the last 12 months, at 2.7 % — and actually jumped to 15.3 % (similar to average peak margins) in their most recent interims.

In terms of its financials, the company has growing net profits, solid margins, a strong balance sheet and loads of free cashflow.

Dividend yield and cover: 6.8 % yield covered about 1.7 x by free cashflow.

I know it's only a year, but Portfolios 1 & 3 (without positive free cashflow) have a prettier (smoother) chart.

However, debt / derivatives are far too high at EUR 3.7 bio (resulting in a net EUR 245 interest bill)-- vs. the latest operating free cashflow of EUR 697 mio, a 57 % reduction in debt would bring interest coverage back to reasonable levels.

Here are some of the key takeaways: - Looks for stocks trading at a discount to intrinsic business value (present value of future free cashflow): looks for business that are naturally cash generative and buys them when free cashflow yield is 50 % or more higher than the market.

Second, what does the company do with that free cashflow?

With Industrials I also look at price to cashflow and free cashflow.

Finally, a quick look at CSPi's statement of cashflows for the trailing twelve months shows that the company had $ 3.7 million in operating cashflow and $ 812,000 in capex which means CSPi generated $ 2.9 million in free cashflow or $ 0.75 in free cashflow per share.

Since 2009, Sarine has been generating increasing positive cashflow from operations and free cashflows (excl.

To me, that seems a little too enthusiastic... I was certainly positive on the stock, but that was based on a sustained rebuilding of margins (complemented by hefty operating free cashflow (Op FCF)-RRB-, rather than a sudden acceleration in revenues.

And Free Cashflow is predictably even worse at $ (10.9) mio.

Operating cashflow and free cashflow are more volatile (and depend on the maturity of the business, and / or stage of the economic cycle), but should also follow in their footsteps over time.

To recap, IFG looked marvelously cheap on an adjusted diluted EPS basis, but I could never reconcile the figures back to Operating Free Cashflow.

It also reflects the fact operating free cashflow has historically been severely lower than operating profit.

On the other hand, operating free cashflows have consistently exceeded operating profit in the past few years, so I was happy to utilize a higher 3.25 P / S ratio (plus an upwards debt adjustment to reflect inherent debt capacity — perhaps to pursue other acquisitions like Sportsbet in Australia).

The situation bears careful monitoring, but a valuation based on an average of the most recent operating free cashflow margins (i.e. 9 %) appears sensible.

This is another distressed company, so focus should again be on operating free cashflows, which are currently negative.

I'd estimate buyers would have to be confident of a rapid quadrupling of (operating free cashflow) margins to even contemplate paying a price that bails the banks out.

This investment, however, has always proved problematic when it comes to valuation: While DLE's EBITDA margin is growing nicely, the heavy investment in intangibles (or amortization, the figures are similar) means operating free cashflow has now only reached $ 1.3 mio.

Annualized revenues are about the same & the operating free cashflow margin's at 7.5 %, so my 0.67 Price / Sales multiple still looks about right.

The more this one goes up, the more investors love it... Meanwhile, my bearish perspective remains horribly off - base, but GNC's recent interims do nothing to change my mind: Revenues grew just 0.9 %, both net debt & the pension deficit increased again, and free cashflow was actually negative (by GBP 12.9 mio).

Op FCF (operating free cashflow, inc. the usual un-exceptional charges) amounted to GBP 55 mio, an underlying margin of 4.8 %.

Therefore, when evaluating the Margin of Safety, it's very important to also check the day - to - day financials of the company and I'm pleased to see that Cresud has positive and improving net income and free cashflow (plus consistently increasing crop production).

Annual free cashflow (operating free cashflow, less net interest & taxes) has only averaged GBP 16.8 mio in the same period, which puts GNC on a current 24.3 times FCF multiple!?

I would note 2012 free cashflow was only $ 0.2 m — but if we assume a stabilisation in working capital (& the current status quo re AREO), that would elevate underlying free cashflow to around $ 1.5 m. Also, as mentioned above, increased (non-AREO) management fees & continued expense restraint will hopefully make a contribution in 2013.

basis), I note the continuing shortfall in actual operating free cashflow (Op FCF) vs. the adjusted operating profit (Adj OP) that's being reported.