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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
-131.9%
-$7.58
vs $23.80 price
Levered DCF
-$2.61
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.33
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020
P/E-93.39×25.68×23.61×32.81×16.94×25.14×
P/B0.82×1.52×1.63×1.82×1.6×1.71×
P/S2.11×2.09×2.36×3.31×3.38×4.03×
EV / EBITDA-217.53×31.74×33.36×0×0×0×
Gross margin55.6%62.9%66.5%100.0%100.0%100.0%
Operating margin-3.9%10.9%13.2%100.0%100.0%100.0%
Net margin-2.2%8.2%10.0%10.1%19.9%16.0%
Current ratio0.02×0.15×0.15×0×0×0×
Debt / equity0.76×1.82×2.37×2.01×0.34×0.26×
Interest coverage-0.13×0.31×0.41×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020
Return on equity-0.9%5.9%6.9%5.6%9.5%6.8%
Return on invested capital-0.2%1.9%1.9%2.6%2.8%2.8%
Return on assets-0.1%0.4%0.5%0.4%0.7%0.6%
Free cash flow yield0.0%7.0%4.2%0.0%0.0%0.0%
Earnings yield-1.1%3.9%4.2%3.0%5.9%4.0%
Enterprise value$583.4M$584.2M$652.1M$540M$45.4M$203.1M
Net debt / EBITDA-101.38×15.77×18.32×0×0×0×
Cash conversion cycle (days)212325000