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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
+110.9%
$150.19
vs $71.22 price
Levered DCF
$351.20
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
1.29
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-45.62×-1.41×-11.98×81.94×-1.09×-0.69×-0.33×-1.2×
P/B1.51×0.6×0.55×1×0.28×0.16×0.38×0.44×
P/S0.55×0.23×0.31×0.44×0.17×0.13×0.19×0.42×
EV / EBITDA9.09×-9.68×8.44×7.09×-39.84×-9.72×-1.22×-3.26×
Gross margin27.7%31.2%27.6%26.9%22.8%-2.1%25.6%24.1%
Operating margin2.4%-10.6%2.8%2.5%-8.4%-45.2%-56.1%-37.3%
Net margin-1.2%-16.6%-2.6%0.5%-15.3%-18.9%-59.3%-35.2%
Current ratio2.17×2.46×2.59×2.44×2.54×3.92×3.38×3.23×
Debt / equity0.76×0.85×0.49×0.99×0.81×0.84×0.92×0.5×
Interest coverage1.04×-2.76×1.13×0.55×-1.42×-7.65×-16.96×-12.2×
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-3.3%-42.3%-4.6%1.2%-25.1%-23.9%-116.7%-36.3%
Return on invested capital-2.0%-13.8%3.3%1.0%-7.4%-26.7%-55.4%-23.9%
Return on assets-1.3%-16.6%-2.3%0.4%-10.5%-10.9%-48.9%-20.4%
Free cash flow yield14.7%44.1%0.1%-8.0%-20.1%2.5%48.1%-4.8%
Earnings yield-2.2%-71.0%-8.3%1.2%-91.3%-146.0%-306.6%-83.3%
Enterprise value$624.3M$418.4M$381.4M$559.3M$311.7M$277M$576.6M$920.6M
Net debt / EBITDA2.7×-5.27×3.43×3.21×-28.26×-7.39×-0.83×-1.67×
Cash conversion cycle (days)162176199197215208223226