Low Financial LeverageLow leverage and a near-50% equity ratio provide durable financial flexibility to fund large plant projects, absorb cyclical slowdowns, and invest in capex or strategic initiatives without relying on heavy external borrowing. This stability supports multi-month project execution and risk management.
Strong Cash GenerationSustained positive free cash flow and a high operating cash flow to net income conversion indicate the business turns earnings into cash effectively. Durable cash generation funds working capital in lumpy project cycles, funds maintenance/service investments, supports dividends and lowers refinancing risk.
After-sales/service Recurring RevenueA material after-sales and maintenance offering creates recurring revenue, higher lifecycle margins, and customer stickiness. This service component helps smooth revenue between large plant deliveries, supports long-term margin sustainability, and strengthens customer relationships over multiple months.