I hope not however anything is possible. Over last 5 to 6 years they have expanded at a rate. Time has come for them consolidate and improve bottom line. Even if for one or two years revenue dip a bit, with efficiency they can easily improve EBITDAm. Also their cash flow is extremely good and over last few years it was spent on investment in relation to expansion. As a result debt / equity ratio is around 2 when before the expansion period it was solid <1. ROIC are low too compared to pre 2019. They need to tighten capital allocation. I believe with a focus management team with bottom line can improve over next 2 to 3 years. As I have said before brand is well known and doing extremely well in certain western countries. As someone mentioned Asia/ Malaysia are very competitive low margin business.
DMP Price at posting:
$29.47 Sentiment: Buy Disclosure: Not Held
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