Strong Cash GenerationVery strong free cash flow growth (89.1%) and operating cash flow at 2.6x net income indicate durable internal liquidity. This supports ongoing capex, maintenance of infrastructure contracts, debt service and optional shareholder returns without needing frequent external financing, improving resilience.
Infrastructure-focused, Diversified End MarketsBroad exposure to essential infrastructure sectors (rail, telecom, industrial systems) and integrated services (engineering, installation, maintenance) creates recurring revenue and high customer stickiness. Diversified, non-cyclical demand across public and industrial clients supports steadier long-term cash flows.
Solid Shareholder Returns (ROE)A 14.9% ROE reflects efficient capital deployment and attractive returns for shareholders relative to peers. Sustained ROE indicates competitive product margins or disciplined capital allocation, helping long-term value creation and reinvestment capacity even if revenue growth is moderate.