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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
+25.2%
$25.79
vs $20.60 price
Levered DCF
$38.20
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
3.36
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-12.27×-8.28×-17.28×-5.22×-18.46×-93.95×-26.76×-61.51×
P/B1.61×1.35×2.34×1.04×4.06×8.52×5.32×-14.35×
P/S2.4×2.4×4.53×2.3×11.61×31.1×6.84×13.1×
EV / EBITDA-60.94×-17.99×-45.73×-14×-29.88×-112.31×-47.33×-122.72×
Gross margin57.1%54.4%52.6%48.5%52.9%58.7%55.9%54.7%
Operating margin-18.9%-30.9%-39.1%-56.9%-61.8%-36.9%-23.2%-20.2%
Net margin-19.5%-29.1%-26.3%-44.1%-62.9%-33.0%-25.7%-21.4%
Current ratio2.61×4.21×3.14×4.18×4.74×2.78×6.72×3.69×
Debt / equity0.46×0.42×0.44×0.87×1.04×0.09×0.12×-0.39×
Interest coverage-9.28×-61.13×-48.88×-41.82×-41.76×-69.21×-8.89×-16.1×
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-13.1%-16.4%-13.6%-20.0%-22.0%-9.0%-20.0%23.4%
Return on invested capital-8.6%-12.2%-13.9%-13.7%-10.6%-8.3%-16.1%-20.5%
Return on assets-8.1%-10.9%-8.7%-10.1%-10.3%-7.9%-16.1%-19.0%
Free cash flow yield4.4%-1.6%-1.4%-15.0%-2.2%-0.6%-3.7%-1.9%
Earnings yield-8.1%-12.1%-5.8%-19.1%-5.4%-1.1%-3.8%-1.6%
Enterprise value$1.7B$1.4B$2.6B$1.7B$5B$9.1B$1.4B$1.9B
Net debt / EBITDA-8.72×-1.5×-5.69×-5.73×-5.29×-0.34×-0.46×-0.89×
Cash conversion cycle (days)4569786846354949