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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
-258.3%
-$42.67
vs $26.96 price
Levered DCF
-$40.82
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
14.49
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022
P/E-15.02×-22.9×-19.84×-15.72×
P/B5.16×4.85×-5.19×-6.75×
P/S9×14.18×12.89×22.49×
EV / EBITDA-15.61×-20.24×-21.23×-15.2×
Gross margin87.9%86.7%84.4%82.9%
Operating margin-65.6%-60.7%-66.4%-139.0%
Net margin-60.0%-61.8%-65.1%-143.4%
Current ratio9.73×16.73×2.41×8.09×
Debt / equity0.14×0.11×-0.13×-0.21×
Interest coverage-30.9×-19.93×-14.32×-22.47×
Dividend yield0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022
Return on equity-34.4%-21.2%26.2%43.0%
Return on invested capital-32.9%-18.6%-60.3%-45.2%
Return on assets-27.3%-17.9%-50.0%-43.0%
Free cash flow yield-5.2%-3.9%-5.2%-5.6%
Earnings yield-6.7%-4.4%-5.1%-6.4%
Enterprise value$783.2M$755.4M$562.8M$533.1M
Net debt / EBITDA0.36×4.62×0.77×1.43×
Cash conversion cycle (days)212304330375