Pacte Novation risk profile
47 Elevated one input has moved against it
Measured 1 September 2026 from MLPAC's filed statements. Recomputed nightly.
47 (Elevated), driven by Cash conversion at 92, over 4 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 31 | Normal | Stable | Average daily turnover — $1.3K |
| Operating pressure | 39 | Normal | Easing | Costs outgrowing revenue — +1.5 percentage points |
| Cash conversion | 92 | Acute | Stable | Capital spending against operating cash — 4.35x |
| Leverage and coverage | 8 | Contained | Stable | Current ratio — 1.76x |
| Competitive position | Reads research_and_development, operating_income, revenue, peer cohort and disclosed transition KPIs. No reading is stored for this company. | |||
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.