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Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value
-203.3%
-$25.89
vs $25.06 price
Levered DCF
-$25.49
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.73
Grey zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-41.64×-5.56×-3.14×-7.64×-19.22×-55.78×-63.66×-91.59×
P/B11.26×4.35×2.29×2.35×6.52×10.44×6.51×-16.46×
P/S8.9×4.93×4.15×5.88×25.52×78.86×43.73×76.33×
EV / EBITDA-89.6×-7.18×-3.92×-6.32×-20.23×-53.64×-51.85×-108.67×
Gross margin74.2%59.7%55.6%68.7%68.1%77.1%73.8%64.7%
Operating margin-20.6%-90.8%-133.3%-108.0%-135.4%-155.3%-92.1%-89.4%
Net margin-21.5%-89.1%-132.3%-108.0%-134.3%-148.6%-80.6%-83.4%
Current ratio3.34×2.89×4.66×5.12×3.54×6.91×7.82×7.93×
Debt / equity1.28×0.44×0.32×0.23×0.19×0.15×0.06×-2.17×
Interest coverage-4.85×-14.04×-16.45×-47.24×0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-27.2%-78.7%-73.0%-43.1%-34.3%-19.7%-12.0%18.0%
Return on invested capital-13.1%-36.0%-39.0%-26.5%-25.7%-15.1%-9.4%-16.1%
Return on assets-11.6%-29.6%-34.1%-23.4%-22.4%-13.1%-7.5%-14.0%
Free cash flow yield-2.0%-11.2%-23.6%-18.4%-6.5%-2.2%5.2%-0.9%
Earnings yield-2.4%-18.1%-31.8%-18.4%-5.3%-1.9%-1.8%-1.1%
Enterprise value$2.7B$924.1M$741.2M$1.1B$3.9B$7.7B$3.7B$4.8B
Net debt / EBITDA-7.04×-0.32×-0.18×-0.1×0.14×0.11×0.85×-11.57×
Cash conversion cycle (days)8491114119159213130144