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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
+77.2%
$97.43
vs $54.98 price
Levered DCF
$20.91
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
1.43
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/E13.52×14.13×14.89×12.36×11.27×7.66×12.25×7.91×
P/B390.45×56.44×-11.62×-17.78×-17.85×-9.93×-5.34×-5.29×
P/S2.36×2.13×1.84×1.9×2.65×1.91×1.34×1.08×
EV / EBITDA9.82×9.85×9.71×11.67×10.45×8.29×9.01×8.93×
Gross margin20.9%25.9%27.4%23.8%30.6%36.7%25.9%22.6%
Operating margin18.0%21.6%23.4%20.2%27.2%31.9%21.5%19.1%
Net margin17.4%15.2%12.4%15.3%23.5%28.3%16.6%13.7%
Current ratio1.12×1.64×0.84×0.61×0.24×1.04×0.96×0.89×
Debt / equity389.2×53.11×-10.62×-15.19×-8.85×-9.38×-5.73×-5.2×
Interest coverage1.02×1.34×1.67×2.55×3.79×4.19×2.66×3.05×
Dividend yield10.0%10.2%9.6%8.7%8.7%10.2%10.5%24.2%
Payout ratio134.9%143.5%142.6%107.6%98.1%68.6%84.8%191.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity2886.2%401.6%-78.0%-143.7%-158.5%-147.0%-66.2%-66.9%
Return on invested capital7.5%10.3%14.9%13.1%22.5%19.2%17.5%21.3%
Return on assets6.3%7.0%7.7%9.5%17.6%16.7%13.0%14.4%
Free cash flow yield-1.3%3.7%6.6%2.3%13.5%16.7%15.6%-1.3%
Earnings yield7.4%7.1%6.7%8.1%8.9%14.8%12.4%12.6%
Enterprise value$4.8B$3.9B$3.6B$3.6B$2.8B$2.1B$1.6B$1.4B
Net debt / EBITDA4.89×4.77×4.63×5.37×3.45×4.02×4.65×4.41×
Cash conversion cycle (days)-842413-10-451010