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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
+101.5%
$37.16
vs $18.44 price
Levered DCF
$15.58
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
3.2
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-12.89×-1,871.67×-8.32×-9.77×-2.7×19.73×-2.24×-22.46×
P/B0.71×0.81×0.57×0.61×0.86×1.29×0.96×0.66×
P/S0.62×0.65×0.5×0.61×0.71×1.31×1.29×1.21×
EV / EBITDA18.83×11.71×29.5×32.82×7.26×7.56×22.42×10.09×
Gross margin44.7%44.6%44.0%46.1%46.2%45.8%42.4%47.1%
Operating margin-2.9%-0.1%-6.2%-6.6%4.6%8.5%50.8%-7.9%
Net margin-4.8%-0.0%-6.1%-6.3%-26.2%6.7%-57.5%-5.4%
Current ratio5.44×4.66×5.29×6.85×6.66×4.95×4.78×4.51×
Debt / equity0.2×0.19×0.19×0.15×0.24×0.09×0.02×0×
Interest coverage-20.17×0×0×-16.63×34.96×0×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-5.6%-0.0%-6.9%-6.3%-32.0%6.6%-42.9%-2.9%
Return on invested capital-2.8%0.1%-5.8%-5.6%4.5%5.8%33.2%-4.2%
Return on assets-4.1%-0.0%-5.1%-4.9%-23.4%5.4%-38.7%-2.7%
Free cash flow yield3.6%-1.8%18.1%22.0%-14.0%8.1%3.1%0.5%
Earnings yield-7.8%-0.1%-12.1%-10.2%-37.0%5.1%-44.7%-4.4%
Enterprise value$129.4M$153.7M$106.3M$125.1M$205.5M$327.6M$219.1M$215M
Net debt / EBITDA1.59×0.75×1.37×2×1.06×-0.79×0.4×-0.01×
Cash conversion cycle (days)328329303366340192270258