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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
+174.2%
$148.80
vs $54.27 price
Levered DCF
$221.06
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.83
Grey zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E26.42×-97.82×1.35×-2.76×-20.57×-5.93×-4.56×-2.75×
P/B2.27×1.74×1.75×-1.18×-1.91×-1.93×-2.98×-8.39×
P/S0.66×0.43×0.5×0.47×0.41×0.41×0.36×0.34×
EV / EBITDA9.81×7.07×9.37×-35.65×12.5×21.2×18.66×-45.63×
Gross margin26.4%24.5%23.3%21.9%26.7%26.5%24.4%19.5%
Operating margin8.8%4.9%2.3%-6.1%3.5%0.6%5.3%-7.9%
Net margin2.5%-0.4%36.6%-16.8%-2.0%-6.9%-7.7%-12.4%
Current ratio1.3×1.32×1.52×1.1×1.08×1.13×1.18×1.4×
Debt / equity1.07×1.13×1.28×-1.97×-2.9×-3.02×-4.36×-12.01×
Interest coverage3.9×1.17×0.35×-1.06×0.7×0.09×1.16×-2.34×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.5%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-1.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity8.6%-1.8%129.4%42.1%9.3%32.5%64.4%305.1%
Return on invested capital10.6%-2.3%3.0%-13.9%7.4%1.2%10.3%-13.0%
Return on assets2.5%-0.5%33.1%-19.0%-2.2%-7.4%-9.0%-13.2%
Free cash flow yield10.5%8.1%-15.1%-27.1%4.5%-1.7%5.9%-10.4%
Earnings yield3.8%-1.0%73.9%-35.8%-4.9%-16.9%-21.6%-36.4%
Enterprise value$3.3B$2.4B$2.7B$4B$3.7B$3.8B$3.6B$3.4B
Net debt / EBITDA2.35×2.24×2.83×-21.32×7.02×12.22×10.5×-24.95×
Cash conversion cycle (days)7066786135605169