Free Cash Flow ConversionConsistently high FCF conversion (~0.90–0.93) indicates earnings quality and durable cash generation. This supports dividends, capital allocation or debt reduction without relying on capital markets, providing long-term financial flexibility and resilience through cycles.
Deleveraging / Stronger Balance SheetMeaningful reduction in leverage over several years improves solvency and lowers interest burden, expanding strategic optionality. A stronger equity base and lower debt enhance the firm's ability to invest, weather downturns, and pursue growth without raising costly external capital.
Positive Operating ProfitabilitySustained positive operating and EBITDA margins show an economically viable business model with structural profit generation. Even with recent softness, these margins provide a foundation for reinvestment, sustained cash flow and recovery when top-line momentum improves.