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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
+841.8%
$410.15
vs $43.55 price
Levered DCF
-$91.67
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.47
Distress zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E11.19×10.35×-2.84×0.99×2.79×-3.12×-6.01×4.14×
P/B0.55×0.6×0.68×0.68×0.25×0.19×0.27×0.25×
P/S0.6×0.68×0.85×0.56×1.13×0.42×0.7×0.41×
EV / EBITDA2.35×1.86×-2.02×0.57×1.25×-2.25×-6.85×2.92×
Gross margin70.9%46.1%8.5%99.2%85.6%8.4%19.2%37.7%
Operating margin7.6%9.7%-37.3%71.4%56.0%-17.2%-16.6%11.4%
Net margin7.0%8.9%-28.2%58.5%45.8%-12.8%-11.7%10.0%
Current ratio1.16×0×0×0×0×0×0×0×
Debt / equity0.47×0.64×0.64×0.57×0.2×0.19×0.27×0.27×
Interest coverage3.12×2.78×-9.63×30.93×12.33×-7.71×-5.51×6.26×
Dividend yield2.8%3.4%3.0%2.8%2.2%1.3%0.5%0.0%
Payout ratio23.6%26.3%-9.2%2.7%5.4%-4.1%-2.8%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity6.4%7.8%-22.5%70.1%10.2%-5.9%-4.6%6.0%
Return on invested capital0.3%0.2%-0.5%1.0%0.6%-0.4%-0.3%0.4%
Return on assets0.2%0.2%-0.5%1.7%0.6%-0.4%-0.3%0.4%
Free cash flow yield-2.8%-9.8%-4.1%-32.8%18.5%25.7%41.4%85.5%
Earnings yield11.7%13.1%-33.1%103.7%40.7%-30.7%-16.8%24.1%
Enterprise value$1.5B$1.1B$2.7B$2.8B$2.7B$2.8B$5.9B$3.4B
Net debt / EBITDA-3.57×-3.29×0.53×-0.2×-0.61×0.54×-1.73×-0.16×
Cash conversion cycle (days)1,3431,7651,8261,0211,639713851577