Q2 2026 Update
This company looks like a boring business with low margins. But once I finished reading your articles from the beginning, I felt so excited that I met a solid compounding opportunity.
Great post thanks for sharing!
2 questions,
How is (a) calculated in your ROIC calculation? If I assume its adj FCF 2507/9131 = 27.46%
In your ROIC calculation, whats the assumption behind the 2% of revenue cash from operations?
Thanks.
oh roic is pre adj fcf, my table wasnt clear.
2% is just a general assumption, vms doesnt require much cash working capital.
This company looks like a boring business with low margins. But once I finished reading your articles from the beginning, I felt so excited that I met a solid compounding opportunity.
Great post thanks for sharing!
2 questions,
How is (a) calculated in your ROIC calculation? If I assume its adj FCF 2507/9131 = 27.46%
In your ROIC calculation, whats the assumption behind the 2% of revenue cash from operations?
Thanks.
oh roic is pre adj fcf, my table wasnt clear.
2% is just a general assumption, vms doesnt require much cash working capital.