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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
-80.4%
$4.73
vs $24.10 price
Levered DCF
-$0.17
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.37
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/E-48.15×17.81×-5.96×-81.47×-29.26×-24.15×163.61×112.61×
P/B1.72×0.98×1.18×0.82×1.84×1.6×1.96×1.9×
P/S2.38×1.35×1.66×1.35×2.9×4.14×3.54×3.23×
EV / EBITDA21.75×6.61×-56.95×13.23×47.7×19,169.72×27.33×27.04×
Gross margin43.5%43.0%43.9%44.7%43.6%38.1%45.6%42.2%
Operating margin5.3%5.7%7.4%8.7%6.4%-2.3%12.0%10.2%
Net margin-4.9%7.6%-27.9%-1.8%-10.1%-17.1%2.2%2.8%
Current ratio2.17×2.44×2.75×1.93×1.99×1.65×2.9×2.58×
Debt / equity0.61×0.71×0.93×0.8×0.84×0.72×0.42×0.48×
Interest coverage1.15×0.74×1.18×1.5×1.15×-0.49×4.69×10.6×
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-3.5%5.5%-19.8%-1.1%-6.4%-6.6%1.2%1.7%
Return on invested capital2.1%1.5%2.5%2.7%1.7%-0.4%3.9%3.0%
Return on assets-1.7%2.7%-8.6%-0.5%-2.9%-3.2%0.8%1.0%
Free cash flow yield2.5%6.6%1.6%4.5%2.1%-2.6%0.2%3.6%
Earnings yield-2.1%5.6%-16.8%-1.3%-3.5%-4.1%0.6%0.9%
Enterprise value$14.7B$9.8B$12.8B$11.5B$19.5B$19.2B$12.9B$11.9B
Net debt / EBITDA5.14×2.59×-24.21×6.34×13.89×5,631.99×4.29×4.54×
Cash conversion cycle (days)260257299255208314287249