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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
+285.5%
$210.45
vs $54.59 price
Levered DCF
$36.68
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.22
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-9.87×12.35×9.54×5.23×8.16×-16.4×-7.06×5.09×
P/B-191.95×9.56×4.4×7.74×1.19×0.74×0.91×0.67×
P/S1.22×1.22×1.11×0.86×1.8×0.93×1.27×0.77×
EV / EBITDA-85.61×4.41×5.09×3.24×4.27×12.3×-11.01×3.42×
Gross margin79.1%53.1%49.3%59.9%96.2%23.4%22.2%54.8%
Operating margin-10.2%17.0%7.0%23.7%34.3%-8.8%-21.4%20.6%
Net margin-11.8%10.5%12.4%17.0%23.0%-5.2%-18.3%15.4%
Current ratio0.57×0.9×0.93×3.2×1.72×1.36×1.64×3.76×
Debt / equity-88.68×3.75×2.13×4.17×0.51×0.34×0.37×0.4×
Interest coverage-5.33×9.34×3.24×14.89×10.69×-5.47×-9.32×10.78×
Dividend yield2.6%2.5%3.3%3.5%2.7%3.0%2.3%1.7%
Payout ratio-27.2%29.2%29.3%17.4%21.4%-54.0%-16.2%8.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity1864.9%82.5%49.2%153.7%15.2%-4.2%-13.1%13.4%
Return on invested capital-0.6%1.0%0.4%1.0%0.8%-0.1%-0.6%1.0%
Return on assets-0.4%0.4%0.5%0.9%0.6%-0.2%-0.7%0.8%
Free cash flow yield4.8%9.8%-2.8%-3.8%-2.3%-1.5%-2.5%-0.7%
Earnings yield-9.7%8.6%11.2%19.9%12.8%-5.6%-14.4%20.0%
Enterprise value$8.3B$14.1B$9.1B$12.4B$14.4B$10.6B$12.8B$10.3B
Net debt / EBITDA60.82×-0.32×-1.47×0.41×0.21×-1.04×-0.51×0.35×
Cash conversion cycle (days)519190-67-7,019000