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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
-203.0%
-$16.69
vs $16.21 price
Levered DCF
$64.31
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
1.95
Grey 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-17.67×17.35×5.01×11.14×188.52×-1.84×-12.63×24.25×
P/B0.7×1.23×1.15×1.67×1.33×1.12×1.07×1.04×
P/S0.55×0.58×0.52×0.66×0.58×0.49×0.41×0.4×
EV / EBITDA-41.34×7.64×5.84×7.7×16.97×-6.28×12.93×11.17×
Gross margin17.0%22.5%23.1%23.7%21.9%18.0%19.9%20.1%
Operating margin-0.6%4.8%6.0%6.1%0.6%-25.9%-2.8%2.3%
Net margin-3.2%3.4%10.6%6.0%0.3%-26.4%-3.3%1.7%
Current ratio2.34×2.33×2.56×2.32×2.39×3.17×2.69×2.76×
Debt / equity0.26×0.04×0.04×0.05×0.05×0.07×0.06×0.11×
Interest coverage0×0×0×0×0×0×0×0×
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-4.0%7.2%23.3%15.2%0.7%-61.1%-8.5%4.3%
Return on invested capital-0.5%6.8%12.5%13.6%0.5%-55.0%-6.8%4.8%
Return on assets-2.3%5.0%16.2%9.7%0.5%-42.4%-6.1%2.9%
Free cash flow yield8.6%20.9%14.1%-0.6%2.7%23.0%17.3%4.9%
Earnings yield-5.7%5.9%20.3%9.1%0.5%-54.4%-7.9%4.1%
Enterprise value$2B$1.2B$957.7M$1.2B$661.8M$445.5M$1.1B$1.3B
Net debt / EBITDA-8.77×-1.4×-1.57×-1.09×-7.21×4.79×-1.29×0.14×
Cash conversion cycle (days)19770768572697896