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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
+312.9%
$29.17
vs $7.07 price
Levered DCF
$4.70
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
0.23
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-24.79×18.1×6.5×10.96×6.25×-62.37×12.88×21.55×
P/B0.72×0.74×0.7×0.62×0.8×0.77×0.71×0.69×
P/S2.51×4.28×3.22×4.98×4.53×19.44×6.18×7.86×
EV / EBITDA20.99×25.16×17.76×25.44×12.81×150.52×24.1×18.35×
Gross margin74.4%32.2%55.5%55.2%80.6%-6.4%54.6%47.0%
Operating margin34.7%23.8%49.6%45.6%72.7%-31.1%47.5%36.4%
Net margin-10.3%23.7%49.6%45.3%72.5%-31.8%47.5%36.4%
Current ratio5,772.11×4.4×1.77×4.73×1.63×13.65×8.17×1.89×
Debt / equity1.59×1.34×1.23×1.08×0.88×0.82×0.88×0.91×
Interest coverage0.77×0.35×1.11×1.02×3.74×-0.29×1.05×0.69×
Dividend yield15.4%14.7%14.9%12.1%7.5%5.9%7.3%6.6%
Payout ratio-378.2%263.9%96.5%132.9%47.2%-362.8%94.5%142.9%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-2.9%4.1%10.8%5.7%12.8%-1.3%5.4%3.2%
Return on invested capital3.7%1.8%4.8%2.7%6.7%-0.7%2.9%1.7%
Return on assets-1.1%1.7%4.8%2.7%6.7%-0.7%2.9%1.6%
Free cash flow yield15.2%14.4%9.0%6.4%-6.6%29.5%18.7%-16.9%
Earnings yield-4.1%5.6%15.4%9.1%16.0%-1.6%7.7%4.6%
Enterprise value$1.6B$1.7B$1.7B$1.4B$1.6B$1.4B$1.5B$1.6B
Net debt / EBITDA14.45×16.13×11.27×15.56×6.71×76.73×13.31×10.35×
Cash conversion cycle (days)-6474-43-80-14721787-75