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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
-640.8%
-$188.95
vs $34.94 price
Levered DCF
-$68.68
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
7.56
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-46.87×40.38×-10.08×-9.12×-34.57×-124.35×98.2×-35.67×
P/B2.39×1.62×1.48×1.54×2.62×3.06×3.47×-22.64×
P/S3.28×2.23×2.63×4.48×11.45×20.29×5.69×10×
EV / EBITDA92.37×16.96×-10.99×-8.63×-20.66×-121.4×21.53×-65.91×
Gross margin79.4%81.9%79.5%76.6%83.2%84.5%85.9%76.8%
Operating margin-12.4%2.6%-30.9%-53.2%-42.6%-10.4%14.1%-16.8%
Net margin-7.0%5.5%-26.1%-49.0%-33.3%-16.4%10.2%-27.9%
Current ratio5.26×7.29×6.2×8.09×14.21×20.58×7.63×2.69×
Debt / equity0.08×0.06×0.04×0.03×0.02×0×0.3×-2.43×
Interest coverage-497.79×15.03×-6,179.73×-4,285.59×-40,079×-2.48×1.6×-1.69×
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-5.1%4.0%-14.7%-16.8%-7.6%-2.5%6.2%63.2%
Return on invested capital-6.8%1.5%-16.7%-17.2%-7.1%-1.6%6.6%-24.5%
Return on assets-4.2%3.4%-12.7%-15.0%-6.8%-2.3%4.4%-28.4%
Free cash flow yield2.5%4.9%-3.3%-7.7%-2.1%0.4%2.1%-5.5%
Earnings yield-2.1%2.5%-9.9%-10.9%-2.9%-0.8%1.8%-2.8%
Enterprise value$1B$646.9M$494.9M$503.8M$756.2M$861.2M$221.3M$247.9M
Net debt / EBITDA-7.04×-2.45×1.85×1.88×8.78×57.77×-7.17×-5.32×
Cash conversion cycle (days)3644554557972154