And capex intensive
Last 2 years Operating Cash Flows have about $100m and then they spent about the same on capex (excluding acquisitions) so essentially nil cash flow in F21 and F22
Printable View
Free quarter for shareholders.
Will see the SP slowly going down to $3?
Year Revenue ($m) NPAT ($m) NPAT Margin 2015 373 24 6.4% 2016 404 24 5.9% 2017 497 26 5.2% 2018 741 35 4.7% 2019 825 36 4.4% 2020 706 30 4.2% 2021 892 31 3.5% 2022 1068 52 4.9% 2023 1239 32 2.6%
Soooo NPAT margin steadily decreased over the last 10 years. W69 was right. the overseas expansion has not been that great for the bottom line
$3 is imminent
SP down another 4.4%
Could take years for RBD to turnaround the USA operations.
SP in for a lot of pain before gains