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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
+884.8%
$23.54
vs $2.39 price
Levered DCF
$18.86
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
2.52
Grey zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E14.94×-4.04×11.1×10.18×6.61×12.72×7.31×10.3×
P/B0.7×0.96×1.05×1.17×1.44×1.85×1.14×1.26×
P/S0.33×0.43×0.62×0.77×0.75×0.98×0.66×0.68×
EV / EBITDA7.37×-14.48×5.94×7.98×4.92×7.41×4.99×6.55×
Gross margin24.4%23.5%26.2%26.4%26.7%30.4%29.4%29.2%
Operating margin1.3%5.0%7.9%9.6%11.8%9.7%10.5%9.3%
Net margin2.2%-10.7%5.6%7.5%11.4%7.7%8.9%6.6%
Current ratio3.58×3.57×5.24×4.62×3.95×3.2×5.72×5.02×
Debt / equity0.61×0.8×0.46×0.61×0.06×0.15×0.18×0.11×
Interest coverage0.8×2.83×6.34×24.99×206.12×92.11×3,868.5×21.89×
Dividend yield12.3%8.7%6.0%5.6%10.2%6.5%12.0%6.2%
Payout ratio180.7%-35.1%66.2%57.5%67.8%82.4%88.2%64.3%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity4.7%-23.6%9.5%11.5%21.7%14.5%15.5%12.1%
Return on invested capital1.2%4.6%7.1%6.8%16.5%12.3%12.8%11.2%
Return on assets2.6%-11.5%5.9%6.2%16.5%10.5%11.5%9.2%
Free cash flow yield30.4%25.8%11.6%12.0%11.8%10.3%16.2%15.8%
Earnings yield6.8%-24.7%9.0%9.8%15.1%7.9%13.6%9.7%
Enterprise value$50.8M$68.9M$77.4M$85.8M$66.8M$83.2M$55.7M$56.3M
Net debt / EBITDA3.43×-6.53×1.77×2.63×0.08×0.52×0.67×0.51×
Cash conversion cycle (days)221226236287178187193188