Opportunity!With a CAGR of ~10% since 2019, this is trading at a PE/Growth of < 1 which typically represents extreme undervaluation. Moreover, all metrics have improved over that period, still the sp is similar. Yes, compared to 2023, this has underperformed but industrial cyclicals will do that when the economy is weakening. IMO, the story is told over a longer period with the fundamentals in mind.
Tuck-ins require time to integrate and show the efficiencies. They are often competitors who exit the marketplace allowing for better pricing by the acquirer. Please do your own research as I am a longtime long term investor.