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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
-113.5%
-$11.61
vs $85.88 price
Levered DCF
-$1.77
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
15.65
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-47.1×21.41×-3.39×-7.92×-77.08×-181.13×-41.48×-19.19×
P/B3.31×2.99×2.47×1.41×5.1×12.13×9.18×9.34×
P/S2.64×3.39×2.3×1.89×8.02×17.52×7.16×11.7×
EV / EBITDA-207.24×-30.7×-7.03×-9.26×-101.41×-397.88×-50.4×-73.18×
Gross margin67.6%67.2%63.6%65.1%67.1%67.2%64.2%56.9%
Operating margin-6.6%12.2%-72.5%-24.0%-10.0%-11.7%-19.3%-20.3%
Net margin-5.6%15.7%-67.9%-23.8%-10.3%-9.7%-17.3%-61.1%
Current ratio2.86×3.94×4.02×5.1×5.61×3.95×2.07×4.16×
Debt / equity0.09×0.07×0.13×0.09×0.05×0.07×0.05×0×
Interest coverage0×0×0×0×0×0×0×-4.21×
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 equity-7.0%13.9%-72.8%-17.8%-6.6%-6.7%-22.2%-48.7%
Return on invested capital-7.6%9.9%-51.5%-16.3%-5.8%-7.1%-18.8%-13.6%
Return on assets-5.2%10.7%-40.8%-14.1%-5.4%-5.1%-14.5%-35.8%
Free cash flow yield3.6%2.8%-4.3%-8.1%-1.7%0.7%-0.7%-1.3%
Earnings yield-2.1%4.7%-29.5%-12.6%-1.3%-0.6%-2.4%-5.2%
Enterprise value$964.7M$1B$597.2M$557.5M$2B$3.3B$876.4M$831.5M
Net debt / EBITDA8.43×2.54×0.56×0.85×16.19×14.27×1.89×5.67×
Cash conversion cycle (days)901109010588687349