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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
-271.4%
-$129.54
vs $75.58 price
Levered DCF
-$154.28
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.07
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-20.18×-9.53×-10.22×-2.27×-4.28×-17.34×-14.13×-19.4×
P/B-7.27×-3.48×-4.85×-0.9×-2.77×144.9×9.02×-15.51×
P/S30.05×23.01×706.43×14.47×34.54×1,017.17×90.82×0×
EV / EBITDA-25.49×-14.09×-14.03×-6.22×-7.01×-18.25×-12.23×-11.79×
Gross margin94.4%98.3%73.7%95.6%95.5%100.0%93.8%0.0%
Operating margin-113.3%-267.2%-6528.8%-659.6%-827.1%-5752.0%-656.4%0.0%
Net margin-145.3%-241.4%-6913.9%-619.7%-806.9%-5439.7%-642.1%0.0%
Current ratio2.62×4.67×3.32×4.52×6.58×6.72×9.42×13.67×
Debt / equity-1.31×-1.18×-1.28×-1.37×-1.98×8.56×0.22×-0.33×
Interest coverage-10.72×-5.97×-7.47×-6.37×-12.33×-12.94×-30.38×-72.11×
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%-0.4%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity35.1%36.5%47.5%38.4%64.6%-774.9%-63.8%79.7%
Return on invested capital-108.5%-77.1%-149.4%-101.4%-65.3%-77.4%-46.6%-42.5%
Return on assets-77.9%-58.3%-117.7%-77.2%-55.5%-63.8%-41.2%-28.1%
Free cash flow yield-3.0%-10.2%-8.0%-37.9%-22.7%-4.9%-7.0%-6.1%
Earnings yield-4.8%-10.5%-9.8%-42.8%-23.4%-5.3%-7.1%-5.1%
Enterprise value$17.2B$6.2B$7.9B$2.5B$3.7B$8.5B$3.4B$2.2B
Net debt / EBITDA-3.19×-2.4×-2.41×-3.39×-2.5×-0.3×0.97×2.08×
Cash conversion cycle (days)-21-897-1,521-1,148-1,2900-1,2670