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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
-1311.5%
-$133.50
vs $11.02 price
Levered DCF
-$71.77
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.75
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/E15.54×-16.6×29.36×5.45×-27.57×0×0×2.6×
P/B0.39×0.94×1.17×2.39×3.15×0.27×0.39×0×
P/S0.57×1×0.84×0.66×1.46×0.96×0.67×0.6×
EV / EBITDA4.64×5.96×3.22×2.91×-45.09×7.53×4.15×0×
Gross margin22.6%82.0%54.7%85.6%83.5%73.2%76.5%79.5%
Operating margin13.2%7.5%13.6%42.0%32.8%-49.5%20.9%30.7%
Net margin3.7%-3.9%2.8%3.2%-1.3%0.0%0.0%23.3%
Current ratio1.48×0.95×0.82×0.58×0.78×1.83×0.83×0×
Debt / equity1.11×1×1.04×1.55×1.6×0.29×0.53×0×
Interest coverage1.59×1.01×2.23×13.39×9.53×-9.8×4.24×7.61×
Dividend yield5.7%2.2%1.7%1.4%1.6%8.5%17.2%23.8%
Payout ratio86.6%-56.8%50.5%28.5%-182.3%0.0%0.0%61.9%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity2.6%-3.7%4.0%11.4%-2.8%0.0%0.0%0.0%
Return on invested capital3.5%2.1%5.0%23.0%10.5%-9.8%5.9%0.0%
Return on assets1.1%-1.3%1.0%1.6%-0.4%0.0%0.0%0.0%
Free cash flow yield-4.4%-0.7%-24.8%-10.2%-1.7%39.3%20.3%-165.3%
Earnings yield6.5%-3.9%3.4%4.8%-0.9%0.0%0.0%38.5%
Enterprise value$7.7B$5.9B$3.8B$3.3B$3.1B$1.5B$1.7B$0
Net debt / EBITDA3.42×3.01×1.51×1.15×-13.94×3.8×2.38×0×
Cash conversion cycle (days)4849-65-8111-550