Cash-Flow VolatilityMaterial swings in free cash flow, including a large 2024 outflow, reduce predictability of internal funding and can force the company to delay investments, draw on liquidity, or raise external financing. Persistent volatility undermines long-term planning and resilience.
Uneven Revenue GrowthIrregular top-line performance reflects exposure to cyclical end markets like semiconductors and automotive. That unevenness complicates capacity planning, margins and resource allocation, making medium-term forecasting and steady margin expansion more challenging.
Rising Absolute DebtAn increase in total debt, even with acceptable D/E, raises interest and refinancing risk and reduces headroom for opportunistic M&A or downturns. If rates rise or cash flow weakens, higher absolute debt can constrain strategic flexibility over the medium term.