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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
-0.6%
$8.93
vs $8.98 price
Levered DCF
$10.22
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
11.54
Safe zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E27.7×25.85×23.57×16.05×18.38×17.81×14.98×12.41×
P/B1.98×1.79×1.52×1.61×2.23×1.72×2.56×2.52×
P/S4.33×4.69×3.8×3.14×4.28×2.96×3.13×3.41×
EV / EBITDA12.58×16.47×11.99×7.96×11.89×10.44×9.46×13.59×
Gross margin66.5%69.8%67.3%68.3%69.2%63.5%65.6%70.3%
Operating margin17.1%17.6%14.2%22.5%18.0%14.0%25.0%18.4%
Net margin15.5%17.9%16.1%19.4%23.2%16.7%20.9%27.7%
Current ratio8.86×11.03×12.47×10.67×8.35×8.18×8.07×5.59×
Debt / equity0.01×0.01×0×0×0×0.02×0.03×0.08×
Interest coverage0×0×0×515.67×195.24×39.94×68.65×13.29×
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 equity7.1%6.9%6.5%9.9%12.1%9.7%17.1%20.5%
Return on invested capital5.8%5.3%5.2%9.6%8.8%7.8%16.5%12.5%
Return on assets6.4%6.3%6.0%9.2%10.9%8.8%15.2%17.4%
Free cash flow yield5.2%2.0%0.4%8.8%2.5%5.8%5.2%2.9%
Earnings yield3.6%3.8%4.3%6.2%5.4%5.6%6.7%8.1%
Enterprise value$86.8M$73.2M$49M$46.8M$73.7M$44.7M$67.7M$55.9M
Net debt / EBITDA-4.1×-4.97×-5.98×-3.9×-2.85×-3.4×-1.49×-1.34×
Cash conversion cycle (days)597872681539604447270322