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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
-88.6%
$9.99
vs $87.44 price
Levered DCF
$42.81
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
13.31
Safe 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-100.74×-46.68×-58.66×-23.44×-43.68×-314.15×-964.14×-202.47×
P/B8.18×4.17×5.27×3.39×4.41×5.27×-155.63×-134.53×
P/S13.65×7.53×10.22×7.56×13.62×19.37×49.69×81.9×
EV / EBITDA-173.36×-72.04×-89.95×-30.13×-47.45×-261.71×-1,251.31×-195.27×
Gross margin76.8%77.1%78.0%77.8%79.8%81.1%80.9%83.1%
Operating margin-16.9%-20.8%-21.5%-32.1%-33.1%-9.4%-6.6%-42.3%
Net margin-13.5%-16.2%-17.5%-32.2%-31.1%-6.2%-5.2%-40.9%
Current ratio2.09×2.04×2.46×2.54×2.85×5.32×2.31×3.28×
Debt / equity0.02×0.03×0.05×0.07×0.07×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
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-8.1%-9.0%-9.0%-14.4%-10.1%-1.7%16.1%67.3%
Return on invested capital-9.6%-10.9%-10.5%-13.4%-9.5%-1.9%-4.6%-17.3%
Return on assets-5.4%-6.1%-6.3%-10.4%-7.5%-1.4%-2.3%-12.0%
Free cash flow yield2.0%3.3%2.0%0.8%0.8%0.9%0.2%0.1%
Earnings yield-1.0%-2.1%-1.7%-4.3%-2.3%-0.3%-0.1%-0.5%
Enterprise value$7.2B$3.2B$3.5B$2.1B$2.8B$2.8B$5.2B$5B
Net debt / EBITDA1.38×0.69×1.24×0.07×0.36×15.62×9.49×6.92×
Cash conversion cycle (days)4038-1-6-6-37-55