They choose CAPEX over free cash flow. This has lead to a large increase in revenue, EBITDA, NPAT & EPS over the last few years. Growth is far outperforming their debt financing costs. So management have no reason to generate free cash flow at the moment.
As for debt, management have communicated a clear strategy. They aim for DEBT to EBITDA of around 1. This is a safe position and they have maintained this for the past 3 years. Last time I checked DEBT to EBITDA is around 0.8 so they probably have room for another acquisition if they choose.
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