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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
-14.7%
$4.76
vs $5.58 price
Levered DCF
$5.75
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
5.97
Safe zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.06×15.11×15.11×15.46×11.71×5.58×14.91×14.27×
P/B0.74×0.95×1.02×0.84×1.28×2.52×1.36×1.6×
P/S0.78×1.02×1.02×0.82×1.15×1.46×0.97×1.11×
EV / EBITDA6.66×8.32×7.43×7.02×7.01×4.03×11.52×10.14×
Gross margin38.1%39.6%37.3%35.0%36.9%49.2%36.4%38.0%
Operating margin6.5%6.0%6.7%7.5%11.5%30.8%6.5%8.3%
Net margin6.0%6.8%6.8%5.3%9.8%26.2%6.4%7.8%
Current ratio12.94×16.21×20.68×21.85×19.92×9.43×11.32×13.78×
Debt / equity0.13×0.14×0.08×0.03×0.04×0.06×0.1×0×
Interest coverage0×0×0×0×0×0×0×0×
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 equity5.7%6.3%6.8%5.4%10.9%45.2%9.0%11.3%
Return on invested capital4.1%3.8%4.8%5.5%9.7%41.4%6.7%9.8%
Return on assets4.8%5.3%6.1%5.1%10.1%39.2%7.9%10.6%
Free cash flow yield3.7%3.2%12.2%7.4%-3.8%11.4%4.0%2.7%
Earnings yield7.6%6.7%6.7%6.4%8.6%17.9%6.7%7.0%
Enterprise value$37.3M$49.1M$47.2M$36.6M$65.3M$130.3M$41.8M$44.6M
Net debt / EBITDA-1.63×-1.67×-2.45×-2.79×-1.46×-0.61×-0.92×-1.59×
Cash conversion cycle (days)258255223256231135166159