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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
+178.1%
$178.42
vs $64.15 price
Levered DCF
$241.13
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.23
Distress zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E12.11×9.03×7.3×7.01×11.88×19.99×23.55×15.28×
P/B1.44×0.94×0.89×0.98×1.19×1.83×2.46×1.65×
P/S3.03×1.86×1.82×2×3.47×5.29×6.29×4.09×
EV / EBITDA2.82×-0.05×5.46×3.32×6.97×12.33×16.01×9.65×
Gross margin75.7%72.3%80.2%93.9%97.9%91.2%91.2%92.0%
Operating margin30.5%24.4%29.4%34.0%35.1%31.0%31.9%30.8%
Net margin25.1%20.5%25.0%28.4%29.3%26.5%26.7%26.8%
Current ratio0.35×0.47×0.46×0.47×0.46×0.36×0.39×0.41×
Debt / equity0×0×0.2×0×0×0×0×0×
Interest coverage1.35×0.97×1.67×8.93×12.13×7.58×6.29×6.62×
Dividend yield2.0%3.5%3.9%4.2%2.6%1.6%1.3%2.2%
Payout ratio24.7%31.6%28.4%29.6%30.8%32.1%31.1%33.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity11.9%10.4%12.2%14.0%10.0%9.2%10.4%10.8%
Return on invested capital11.2%10.0%9.7%14.0%10.0%9.2%10.4%10.8%
Return on assets1.3%1.0%1.1%1.0%1.0%1.0%1.2%1.2%
Free cash flow yield10.1%20.0%14.5%19.3%15.7%5.7%4.6%9.2%
Earnings yield8.3%11.1%13.7%14.2%8.4%5.0%4.2%6.5%
Enterprise value$59.3M-$703.5K$87.8M$50.8M$103.2M$160.7M$214.5M$114.6M
Net debt / EBITDA-6.61×-7.11×-0.35×-2.14×-2.18×-3.19×-2.15×-2.26×
Cash conversion cycle (days)-22-15-920-1216610