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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
+130.3%
$39.58
vs $17.19 price
Levered DCF
$13.16
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
13.54
Safe zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.67×21.07×14.13×-354.72×27.72×29.03×16.59×13.43×
P/B1.01×1.56×1.14×0.79×0.97×1×1.09×1.17×
P/S1.86×2.7×1.97×1.28×1.9×2.08×2.08×1.72×
EV / EBITDA8.34×12.03×8.81×108.75×15.14×17.6×14.33×10.56×
Gross margin27.5%27.7%27.6%19.9%21.3%24.5%27.6%27.0%
Operating margin12.1%12.1%12.8%4.0%0.8%7.2%11.6%13.9%
Net margin13.6%12.9%14.0%-0.4%6.8%7.1%12.5%12.7%
Current ratio23.44×18.19×12.63×13.11×14.65×19×24.2×17.1×
Debt / equity0×0×0×0×0×0.01×0×0×
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 equity7.4%7.4%8.1%-0.2%3.5%3.4%6.6%8.7%
Return on invested capital5.1%4.9%5.8%0.5%0.4%2.8%4.7%8.0%
Return on assets7.0%7.0%7.5%-0.2%3.2%3.2%6.2%8.2%
Free cash flow yield0.5%2.8%3.6%-10.3%0.7%15.6%1.2%-9.2%
Earnings yield7.3%4.8%7.1%-0.3%3.6%3.4%6.0%7.4%
Enterprise value$188.2M$280.6M$190.4M$122.9M$139.6M$126.3M$158.6M$161.3M
Net debt / EBITDA-1.16×-1.08×-0.77×-8.13×-2.43×-4.83×-0.93×-0.52×
Cash conversion cycle (days)274312341245230198215131