Moderate Return On EquityA moderate ROE indicates the company is not fully converting capital into above-market returns. Over time this can limit shareholder wealth creation versus peers unless operational efficiency or higher-margin projects raise asset productivity and boost long-term equity returns.
Declining EBITDA MarginA falling EBITDA margin points to cost pressures or weaker operational leverage that can persist across cycles. Sustained margin compression reduces ability to absorb rising input costs, limits reinvestment capacity and can erode competitive pricing flexibility over multiple quarters.
Project And Real-estate Execution RisksDependence on approvals, sales velocity and timely execution makes revenues and cash flows sensitive to regulatory delays, slower demand or cost inflation. Large, long-duration projects tie capital and can stretch cash conversion, creating structural operational and funding risk.