Low Leverage & Strong EquityVery low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing and interest risk, supports capex and working-capital needs through commercial-vehicle cycles, and strengthens the company's ability to maintain OEM supply relationships during downturns.
Robust Margins And Revenue GrowthStrong top-line growth with healthy gross (27.4%), EBIT (11.2%) and EBITDA (13.5%) margins indicates operational efficiency and pricing power. Sustained margins improve reinvestment capacity, support product development and buffer profitability through industry volume fluctuations.
Efficient Cash ConversionAbove‑par cash conversion (OCF 1.6x earnings and rising FCF) demonstrates the company's ability to turn profits into cash. Reliable cash generation funds maintenance capex, supports working capital through OEM cycles, and reduces dependence on external financing for growth or dividends.