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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
+12.7%
$1.17
vs $1.04 price
Levered DCF
$19.69
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
2.65
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/E3.58×-2.27×27.84×-11.87×7.65×10.67×7.59×9.82×
P/B0.27×0.3×0.33×0.66×1.35×3.34×1.46×2.53×
P/S0.53×0.35×0.3×0.34×0.45×0.66×0.38×0.55×
EV / EBITDA1.18×-14.94×8.35×61.83×7.43×7.67×5.84×8.21×
Gross margin62.4%61.5%64.6%63.8%68.9%70.7%67.4%67.1%
Operating margin-3.6%-19.8%-4.1%-2.9%7.2%7.8%6.2%7.2%
Net margin15.3%-15.4%1.1%-2.9%5.8%6.2%5.0%5.6%
Current ratio3.33×1.4×3.88×1.17×1.9×1.53×2.27×1.76×
Debt / equity0.16×0.8×0.78×1.02×0.92×0.4×0.64×0.76×
Interest coverage-0.53×-3.1×-0.76×-1.19×11.18×28.44×7.93×9.18×
Dividend yield0.0%0.0%0.0%2.9%5.4%1.7%3.9%1.9%
Payout ratio0.0%0.0%0.0%-34.8%41.3%17.9%29.4%18.4%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity7.8%-13.0%1.2%-5.5%17.8%31.4%19.2%25.8%
Return on invested capital-0.9%-7.1%-1.9%-2.1%8.4%20.6%10.4%13.1%
Return on assets5.9%-6.7%0.6%-2.5%7.6%14.2%8.7%9.6%
Free cash flow yield12.6%23.1%52.1%-5.1%-39.2%2.7%8.4%3.9%
Earnings yield28.8%-43.9%3.6%-8.3%13.1%9.4%13.2%10.2%
Enterprise value$17M$44M$49.9M$75.7M$106.2M$149M$58.7M$82.1M
Net debt / EBITDA0.37×-10.87×5.8×37.3×3×0.74×1.57×1.66×
Cash conversion cycle (days)-52778823647497201213190