Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
WORLD PRECISION MACHINERY LTD
Physical assets are 52.8% of total assets, a heavy footprint. Capex is 0.17x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.10x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 1.10x.
Physical asset ratio
52.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$678.03MpropertyPlantAndEquipmentNetInventory$287.85MinventoryTotal assets$1.83BtotalAssetsResult 52.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.10xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$745.35MtotalRevenueNet PP&E$678.03MpropertyPlantAndEquipmentNetResult 1.10x
Revenue per dollar of the physical asset base.
Capex / D&A
0.17xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$15.24McapitalExpendituresD&A$88.06MreconciledDepreciationResult 0.17x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.06Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.83BtotalAssetsGoodwill$21.41MgoodWillIntangibles$16.67MintangibleAssetsLiabilities$969.29MtotalLiabTangible book$823.56MShares400,000,000commonStockSharesOutstandingResult $2.06
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.05xPrice / tangible bookPrice / tangible book per sharePrice$0.11Latest quoteTangible book / share$2.062025-12-31Result 0.05x
Price $0.11.
Fixed-charge coverage
0.10xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$32.50MebitdaCapex$15.24McapitalExpendituresInterest$9.31MinterestExpenseShort-term debt$160.00MshortLongTermDebtEBITDA − capex$17.26MPrincipal due is the current portion of debt.Result 0.10x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
100.5%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$44.20MfreeCashFlowMarket cap$44.00MMarketCapitalizationResult 100.5%
Latest free cash flow divided by current market cap ($44.00M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$70.82MoperatingIncomeTax expense-$9.47MtaxProvisionPretax income-$64.86MincomeBeforeTaxTax rate—Equity$861.64MtotalStockholderEquityDebt$235.00MlongTermDebt + shortLongTermDebtCash$178.25McashInvested capital$918.40MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.10x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 73.4%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$757.55MpropertyPlantEquipmentInventory$391.17MinventoryTotal assets$1.56BtotalAssetsResult 73.4% | 1.17xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$888.86MtotalRevenueNet PP&E$757.55MpropertyPlantEquipmentResult 1.17x | 1.48xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$99.14McapitalExpendituresD&A$67.00MreconciledDepreciationResult 1.48x | $2.58Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.56BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$36.92MintangibleAssetsLiabilities$496.57MtotalLiabTangible book$1.03BShares400,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.58 | -0.82xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$75.32MebitdaCapex$99.14McapitalExpendituresInterest$1.50MinterestExpenseShort-term debt$27.40MshortTermDebtEBITDA − capex-$23.82MPrincipal due is short-term debt.Result -0.82x | $7.48MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$127.46MtotalCashFromOperatingActivitiesCapex$99.14McapitalExpendituresFree cash flow$7.48MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $7.48M | 0.7%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$8.45MoperatingIncomeTax expense$693.00KincomeTaxExpensePretax income$6.82MincomeBeforeTaxTax rate10.2%Equity$1.07BtotalStockholderEquityDebt$36.53MshortLongTermDebtCash$21.26McashInvested capital$1.08BResult 0.7% | 0.01xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$8.45MoperatingIncomeNet PP&E$757.55MpropertyPlantEquipmentResult 0.01x |
| 2019 | 82.5%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$931.77MpropertyPlantAndEquipmentNetInventory$378.47MinventoryTotal assets$1.59BtotalAssetsResult 82.5% | 0.90xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$837.23MtotalRevenueNet PP&E$931.77MpropertyPlantAndEquipmentNetResult 0.90x | 1.48xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$97.84McapitalExpendituresD&A$66.02MreconciledDepreciationResult 1.48x | $2.63Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.59BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$36.86MintangibleAssetsLiabilities$501.53MtotalLiabTangible book$1.05BShares400,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.63 | -0.26xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$89.62MebitdaCapex$97.84McapitalExpendituresInterest$2.14MinterestExpenseShort-term debt$29.10MshortTermDebtEBITDA − capex-$8.22MPrincipal due is short-term debt.Result -0.26x | $22.27MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$128.52MtotalCashFromOperatingActivitiesCapex$97.84McapitalExpendituresFree cash flow$22.27MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $22.27M | 2.0%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$23.42MoperatingIncomeTax expense$1.37MincomeTaxExpensePretax income$21.45MincomeBeforeTaxTax rate6.4%Equity$1.09BtotalStockholderEquityDebt$29.10MshortLongTermDebtCash$42.79McashInvested capital$1.07BResult 2.0% | 0.03xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$23.42MoperatingIncomeNet PP&E$931.77MpropertyPlantAndEquipmentNetResult 0.03x |
| 2020 | 63.2%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$706.37MpropertyPlantAndEquipmentNetInventory$375.79MinventoryTotal assets$1.71BtotalAssetsResult 63.2% | 1.46xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$1.03BtotalRevenueNet PP&E$706.37MpropertyPlantAndEquipmentNetResult 1.46x | 0.78xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$61.51McapitalExpendituresD&A$78.38MreconciledDepreciationResult 0.78x | $2.68Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.71BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$34.20MintangibleAssetsLiabilities$608.88MtotalLiabTangible book$1.07BShares400,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.68 | 37.61xFixed-charge coverage · 2020-12-31(EBITDA − capex) / interestEBITDA$120.34MebitdaCapex$61.51McapitalExpendituresInterest$1.56MinterestExpenseEBITDA − capex$58.83MShort-term debt was not reported, so the denominator is interest only.Result 37.61x | $49.13MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$119.94MtotalCashFromOperatingActivitiesCapex$61.51McapitalExpendituresFree cash flow$49.13MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $49.13M | 4.6%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$49.23MoperatingIncomeTax expense-$47.00KincomeTaxExpensePretax income$40.40MincomeBeforeTaxTax rate0.0%Equity$1.10BtotalStockholderEquityDebt$0.00shortLongTermDebtCash$41.17McashInvested capital$1.06BResult 4.6% | 0.07xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$49.23MoperatingIncomeNet PP&E$706.37MpropertyPlantAndEquipmentNetResult 0.07x |
| 2021 | 55.1%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$746.68MpropertyPlantAndEquipmentNetInventory$416.36MinventoryTotal assets$2.11BtotalAssetsResult 55.1% | 1.77xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$1.32BtotalRevenueNet PP&E$746.68MpropertyPlantAndEquipmentNetResult 1.77x | 1.25xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$86.11McapitalExpendituresD&A$68.87MreconciledDepreciationResult 1.25x | $2.88Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.11BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$39.08MintangibleAssetsLiabilities$920.86MtotalLiabTangible book$1.15BShares400,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.88 | 30.24xFixed-charge coverage · 2021-12-31(EBITDA − capex) / interestEBITDA$202.67MebitdaCapex$86.11McapitalExpendituresInterest$3.85MinterestExpenseEBITDA − capex$116.56MShort-term debt was not reported, so the denominator is interest only.Result 30.24x | $152.54MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$252.05MtotalCashFromOperatingActivitiesCapex$86.11McapitalExpendituresFree cash flow$152.54MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $152.54M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$77.04MoperatingIncomeTax expense$16.59MincomeTaxExpensePretax income$129.94MincomeBeforeTaxTax rate12.8%Equity$1.19BtotalStockholderEquityDebt—Not reportedCash$28.66McashInvested capital—Result — | 0.10xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$77.04MoperatingIncomeNet PP&E$746.68MpropertyPlantAndEquipmentNetResult 0.10x |
| 2022 | 56.1%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$752.80MpropertyPlantAndEquipmentNetInventory$397.39MinventoryTotal assets$2.05BtotalAssetsResult 56.1% | 1.48xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$1.11BtotalRevenueNet PP&E$752.80MpropertyPlantAndEquipmentNetResult 1.48x | 1.19xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$81.21McapitalExpendituresD&A$68.34MreconciledDepreciationResult 1.19x | $2.85Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.05BtotalAssetsGoodwill$0.00goodWillIntangibles$35.14MintangibleAssetsLiabilities$877.06MtotalLiabTangible book$1.14BShares400,000,000commonStockSharesOutstandingResult $2.85 | 5.76xFixed-charge coverage · 2022-12-31(EBITDA − capex) / interestEBITDA$101.41MebitdaCapex$81.21McapitalExpendituresInterest$3.50MinterestExpenseEBITDA − capex$20.20MShort-term debt was not reported, so the denominator is interest only.Result 5.76x | $53.97MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$141.62MtotalCashFromOperatingActivitiesCapex$81.21McapitalExpendituresFree cash flow$53.97MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $53.97M | 1.3%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$12.77MoperatingIncomeTax expense$4.99MincomeTaxExpensePretax income$29.57MincomeBeforeTaxTax rate16.9%Equity$1.17BtotalStockholderEquityDebt$0.00longTermDebt + shortLongTermDebtCash$334.54McashInvested capital$840.09MResult 1.3% | 0.02xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$12.77MoperatingIncomeNet PP&E$752.80MpropertyPlantAndEquipmentNetResult 0.02x |
| 2023 | 47.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$682.30MpropertyPlantAndEquipmentNetInventory$352.66MinventoryTotal assets$2.17BtotalAssetsResult 47.8% | 1.58xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$1.08BtotalRevenueNet PP&E$682.30MpropertyPlantAndEquipmentNetResult 1.58x | 0.60xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$47.77McapitalExpendituresD&A$78.98MreconciledDepreciationResult 0.60x | $2.49Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.17BtotalAssetsGoodwill$25.04MgoodWillIntangibles$26.99MintangibleAssetsLiabilities$1.12BtotalLiabTangible book$994.03MShares400,000,000commonStockSharesOutstandingResult $2.49 | 0.29xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$95.24MebitdaCapex$47.77McapitalExpendituresInterest$6.29MinterestExpenseShort-term debt$160.00MshortLongTermDebtEBITDA − capex$47.47MPrincipal due is the current portion of debt.Result 0.29x | $35.57MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$83.34MtotalCashFromOperatingActivitiesCapex$47.77McapitalExpendituresFree cash flow$35.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $35.57M | 0.0%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$371.00KoperatingIncomeTax expense$3.95MtaxProvisionPretax income$9.97MincomeBeforeTaxTax rate39.6%Equity$1.05BtotalStockholderEquityDebt$250.00MlongTermDebt + shortLongTermDebtCash$431.55McashInvested capital$864.50MResult 0.0% | 0.00xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$371.00KoperatingIncomeNet PP&E$682.30MpropertyPlantAndEquipmentNetResult 0.00x |
| 2024 | 50.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$674.61MpropertyPlantAndEquipmentNetInventory$332.22MinventoryTotal assets$1.99BtotalAssetsResult 50.6% | 1.51xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$1.02BtotalRevenueNet PP&E$674.61MpropertyPlantAndEquipmentNetResult 1.51x | 0.48xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$38.59McapitalExpendituresD&A$80.22MreconciledDepreciationResult 0.48x | $2.17Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.99BtotalAssetsGoodwill$21.41MgoodWillIntangibles$19.30MintangibleAssetsLiabilities$1.08BtotalLiabTangible book$869.09MShares400,000,000commonStockSharesOutstandingResult $2.17 | 0.23xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$95.29MebitdaCapex$38.59McapitalExpendituresInterest$10.99MinterestExpenseShort-term debt$240.00MshortLongTermDebtEBITDA − capex$56.70MPrincipal due is the current portion of debt.Result 0.23x | -$14.11MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$24.48MtotalCashFromOperatingActivitiesCapex$38.59McapitalExpendituresFree cash flow-$14.11MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$14.11M | -0.4%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.24MoperatingIncomeTax expense-$2.89MtaxProvisionPretax income$4.09MincomeBeforeTaxTax rate0.0%Equity$909.81MtotalStockholderEquityDebt$240.00MlongTermDebt + shortLongTermDebtCash$264.93McashInvested capital$884.88MResult -0.4% | 0.00xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$3.24MoperatingIncomeNet PP&E$674.61MpropertyPlantAndEquipmentNetResult 0.00x |
| 2025 | 52.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$678.03MpropertyPlantAndEquipmentNetInventory$287.85MinventoryTotal assets$1.83BtotalAssetsResult 52.8% | 1.10xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$745.35MtotalRevenueNet PP&E$678.03MpropertyPlantAndEquipmentNetResult 1.10x | 0.17xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$15.24McapitalExpendituresD&A$88.06MreconciledDepreciationResult 0.17x | $2.06Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.83BtotalAssetsGoodwill$21.41MgoodWillIntangibles$16.67MintangibleAssetsLiabilities$969.29MtotalLiabTangible book$823.56MShares400,000,000commonStockSharesOutstandingResult $2.06 | 0.10xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$32.50MebitdaCapex$15.24McapitalExpendituresInterest$9.31MinterestExpenseShort-term debt$160.00MshortLongTermDebtEBITDA − capex$17.26MPrincipal due is the current portion of debt.Result 0.10x | $44.20MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$59.44MtotalCashFromOperatingActivitiesCapex$15.24McapitalExpendituresFree cash flow$44.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $44.20M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$70.82MoperatingIncomeTax expense-$9.47MtaxProvisionPretax income-$64.86MincomeBeforeTaxTax rate—Equity$861.64MtotalStockholderEquityDebt$235.00MlongTermDebt + shortLongTermDebtCash$178.25McashInvested capital$918.40MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.10xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$70.82MoperatingIncomeNet PP&E$678.03MpropertyPlantAndEquipmentNetResult -0.10x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $678.03M
Inventory: $287.85M
Total assets: $1.83B
Goodwill: $21.41M
Intangibles: $16.67M
Liabilities: $969.29M
Tangible book: $823.56M
Shares: 400,000,000
Revenue: $745.35M
Capex: $15.24M
D&A: $88.06M
EBITDA: $32.50M
Interest: $9.31M
Short-term debt: $160.00M
Free cash flow: $44.20M
Operating income: -$70.82M
Invested capital: $918.40M
Tax rate: —