No longer Oil and Gas dominated. Review from O&G + Chemicals now makes up 14% of company's revenue. Company is positioning itself for the Electrified world with main markets in Electification, Automation, Robotics, and motion which are the future trends.
Company's customers are diversified across various industries and various geography.
Its equally split between asia, europe and americas.
In essence, it will become a proxy for global economy performance.
Operating EBITA margin around 11%
Finance expense is 200MM per year vs net income of 1200MM. Interest coverage of 6x which appears to be OK.
Cash on hand is 2.5B vs short term debt of 2.4B and long term debt of 7.9B and equity of 13B.
Negative cash flow for 1H 19 vs dividend paid out of 1.6B. Dividend sustainability is questionable.
Need to look at full year performance before further actions.
KIV.
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