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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
+432.8%
$388.61
vs $72.94 price
Levered DCF
$149.11
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
1.5
Distress zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E10.2×25.12×6.41×6.08×9.72×26.07×12.43×12.87×
P/B1.18×0.89×0.86×0.93×1.25×0.86×1.23×1.27×
P/S1.71×1.23×1.18×1.84×2.91×1.88×2.54×2.64×
EV / EBITDA5.89×6.2×2.34×0.71×1.23×-5.1×12.19×14.48×
Gross margin51.6%32.9%50.9%76.3%84.6%62.4%66.4%67.6%
Operating margin23.3%6.8%24.9%39.7%38.9%9.1%26.0%25.2%
Net margin16.9%5.0%19.0%30.9%30.5%7.3%20.7%20.8%
Current ratio1.89×0.12×0.11×0.16×0.18×0.27×0.11×0.12×
Debt / equity0.6×0.59×0.6×0.67×0.42×1.13×0.96×1.06×
Interest coverage0.49×0.12×0.51×2.07×2.51×0.32×0.79×0.89×
Dividend yield1.8%2.6%2.7%2.8%2.0%2.9%1.8%1.7%
Payout ratio17.8%64.3%17.0%16.5%18.9%74.3%22.4%21.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity11.7%3.6%13.8%15.7%13.2%3.3%10.0%10.0%
Return on invested capital1.9%2.0%7.7%9.4%9.3%1.6%5.1%4.9%
Return on assets1.0%0.3%1.1%1.2%1.1%0.3%1.0%0.9%
Free cash flow yield7.6%12.2%13.0%34.9%15.3%1.2%2.7%7.5%
Earnings yield9.9%4.1%16.0%16.8%10.5%3.9%8.1%7.9%
Enterprise value$309.9M$106.1M$120.7M$36.6M$45.9M-$54M$320.9M$331.4M
Net debt / EBITDA-0.86×-7.84×-2.1×-3.62×-5.53×-19.39×3.69×4.8×
Cash conversion cycle (days)4,95627283932302528