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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
-220.3%
-$73.45
vs $61.07 price
Levered DCF
-$76.05
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
4.36
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-42.37×-15.36×-8.43×-21.31×-39.3×-23.09×-14.87×-22.48×
P/B91.68×24.44×36.03×-196.17×31.93×11.71×14.34×6.85×
P/S10.23×7.81×4.01×9.93×12.79×10.36×6.34×7.77×
EV / EBITDA-105.32×-25.48×-13.98×-30.3×-61.11×-33.92×-22.68×-48.11×
Gross margin69.3%66.0%64.8%65.9%67.4%62.0%61.3%59.0%
Operating margin-18.5%-30.1%-39.4%-24.5%-19.8%-33.0%-34.5%-39.0%
Net margin-24.2%-51.0%-47.5%-46.5%-32.5%-45.0%-42.6%-34.5%
Current ratio3.04×3.56×3.06×3.85×3.55×5.11×4.12×6.05×
Debt / equity11.23×4.24×10.45×-21.91×1.07×0.7×1.22×0.32×
Interest coverage-1.54×-2.4×-4.22×-3.37×-2.77×-2.98×-3.56×-2.71×
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-216.9%-159.3%-426.8%918.9%-81.1%-50.9%-96.3%-30.4%
Return on invested capital-11.9%-17.8%-30.6%-23.0%-23.3%-21.3%-33.1%-23.8%
Return on assets-14.3%-24.4%-29.2%-35.6%-29.5%-24.4%-32.7%-18.1%
Free cash flow yield-2.7%-5.7%-17.1%-5.4%-2.1%-1.9%-6.5%-7.5%
Earnings yield-2.4%-6.5%-11.8%-4.7%-2.5%-4.3%-6.7%-4.4%
Enterprise value$2.3B$1.4B$815M$1.7B$1.6B$845.6M$578.9M$445.4M
Net debt / EBITDA-8.47×-2.4×-2.61×-1.99×-0.03×1.28×-0.42×3.27×
Cash conversion cycle (days)374363341190194235285376