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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
+472.3%
$249.97
vs $43.68 price
Levered DCF
$502.01
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.28
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/E36.73×25.35×13.22×15.13×22.5×16.54×14.84×16.38×
P/B3.53×2.61×2×2.53×3.02×1.79×1.58×1.46×
P/S2.62×1.99×1.34×2.65×5.77×3.53×3.45×3.6×
EV / EBITDA25.9×12.08×2.69×6.22×-4.04×13.99×5.61×5.02×
Gross margin52.8%30.4%37.4%57.2%87.1%80.3%84.0%87.0%
Operating margin9.3%9.9%13.0%21.8%32.6%27.0%29.3%27.7%
Net margin7.1%7.8%10.1%17.5%25.6%21.4%23.2%21.9%
Current ratio728.91×0.13×0.18×0.16×0.36×0.12×0.16×0.21×
Debt / equity0.12×0.12×0.18×0.22×0.29×1.42×0.26×0.31×
Interest coverage0.51×0.46×0.62×2.48×9.43×3.39×2.53×3.12×
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%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity9.6%10.3%15.1%16.7%13.4%10.8%10.6%8.9%
Return on invested capital1.3%8.9%12.4%13.3%10.0%4.4%8.2%6.5%
Return on assets1.0%1.1%1.2%1.3%1.0%0.9%1.2%1.0%
Free cash flow yield14.2%21.8%31.5%10.4%4.5%5.6%6.4%8.3%
Earnings yield2.7%3.9%7.6%6.6%4.4%6.1%6.7%6.1%
Enterprise value$1.8B$747.6M$159.7M$326M-$145.4M$286.8M$100.4M$66.8M
Net debt / EBITDA0.35×-6.45×-7.22×-5.52×-20.96×1.78×-5.34×-6.93×
Cash conversion cycle (days)1,986-5-14-33-273073