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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
-91.2%
$2.80
vs $31.82 price
Levered DCF
$10.10
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
14.13
Safe 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-59.28×-45.84×13.21×29.23×29.83×38.06×34.85×41.72×
P/B1.88×2.06×1.36×9.76×5.83×3.33×2.13×2.6×
P/S3.2×4.52×1.9×5.32×4.3×2.96×1.87×2.31×
EV / EBITDA31.66×-97.21×8.35×21.74×21.23×22.59×18.41×23.98×
Gross margin33.7%20.6%35.4%41.7%43.5%40.7%38.4%39.9%
Operating margin1.4%-15.3%16.6%23.6%17.9%9.0%6.1%6.5%
Net margin-5.4%-9.9%14.4%18.2%14.4%7.8%5.4%5.5%
Current ratio5.42×9.43×10.21×3.1×3.49×5.04×6.43×8.25×
Debt / equity0.03×0.05×0.05×0.25×0.02×0.03×0×0×
Interest coverage0×0×221.04×205.2×0×0×0×0×
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-3.1%-4.5%10.3%33.4%19.6%8.8%6.1%6.2%
Return on invested capital0.6%-4.7%8.9%26.6%18.7%7.8%5.3%5.7%
Return on assets-2.6%-3.9%9.2%21.5%16.1%7.7%5.6%5.8%
Free cash flow yield5.1%2.2%2.7%-0.6%1.5%1.8%7.7%1.9%
Earnings yield-1.7%-2.2%7.6%3.4%3.4%2.7%2.9%2.4%
Enterprise value$468.2M$567.5M$407.9M$1.5B$595.1M$261.5M$149.2M$170.7M
Net debt / EBITDA-0.86×0.11×-0.44×0.3×-0.38×-1.18×-1.24×-1.2×
Cash conversion cycle (days)17223526920713411280120