During the last 2 and half years, Shape has generated 75 m$ of free cash flow, which represents half of its Enterprise Value (150 m$ now, with a share price of 3.22 $). Part of this free cash flow is explained by the large improvement of their working capital (negative working capital model). Anyway, it shows the company's ability to produce a high level of cash, which explains their 90 % payout ratio (dividend yield of 6 %) and their ability to do some share buyback and acquisitions.
