Growth DecelerationSlowing top-line momentum can signal market saturation, increased competition, or weaker product adoption, which pressures future revenue visibility and margins. If sustained, deceleration limits long-term earnings and could require higher investment to reignite growth or protect market share.
Equity Base Step-Up / DilutionA major equity increase strengthens solvency but can dilute per-share metrics and reduce future EPS growth unless accompanied by proportionate asset returns. Structural changes to capital base affect shareholder economics and may constrain long-term per-share appreciation if not matched by higher profitability.
Volatile Cash ConversionIrregular free-cash-flow patterns and modest conversion of operating profit to cash increase uncertainty in capital allocation and make long-term planning harder. Persistent volatility can force conservative reinvestment policies and reduces predictability of dividends, buybacks, or debt capacity over time.