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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
-380.9%
-$91.59
vs $32.61 price
Levered DCF
-$87.78
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
7.69
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2020FY2019FY2018FY2017
P/E-14.13×-10.37×-15.38×-17.83×18.06×16.28×7.05×7.49×
P/B13.19×-2.85×-3.32×-4.19×0.72×0.73×0.79×0.96×
P/S9.38×17.3×23.29×27.6×1.71×1.21×1.28×1.55×
EV / EBITDA632.55×-40.94×-27.96×-29.68×8.63×10.29×9.42×9.87×
Gross margin66.4%43.4%29.2%31.0%62.6%48.1%49.4%48.6%
Operating margin5.6%-62.4%-104.4%-122.2%47.3%31.3%34.4%30.3%
Net margin-66.2%-68.4%-111.5%-124.1%9.4%7.4%18.2%20.7%
Current ratio7.85×1.3×2.55×3.77×0.67×1.74×0.52×0.54×
Debt / equity0.66×-0.17×-0.1×-0.16×2.49×3.03×3.08×3.02×
Interest coverage0.79×-5.14×-10.11×-11.83×2.26×1.65×1.9×1.99×
Dividend yield0.0%0.0%0.0%0.0%3.5%1.8%0.6%0.0%
Payout ratio0.0%0.0%0.0%0.0%63.8%28.5%4.1%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2020FY2019FY2018FY2017
Return on equity-93.2%11.3%15.9%18.8%3.9%4.5%11.2%12.8%
Return on invested capital4.5%-105.2%-98.5%-49.5%5.3%4.3%5.0%4.6%
Return on assets-47.8%-82.0%-82.7%-44.7%1.1%1.1%2.6%3.0%
Free cash flow yield0.9%-3.6%-4.2%-4.6%11.5%-12.9%-114.1%-64.4%
Earnings yield-7.1%-4.0%-4.8%-4.5%5.5%6.1%14.2%13.4%
Enterprise value$7.2B$7.5B$7.3B$7.3B$2.2B$2.6B$2.7B$2.2B
Net debt / EBITDA-36.8×-1.97×-0.62×-0.67×6.65×8.26×7.46×7.46×
Cash conversion cycle (days)-2971049716712813390