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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
-67.3%
$13.81
vs $42.23 price
Levered DCF
$10.34
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
2.57
Grey zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E21.96×-89.4×32.76×20.03×-132.59×-18.27×-17.44×-9.13×
P/B1.63×2.2×3.01×2.93×4.12×3.44×2.65×0×
P/S2.86×3.52×4.53×3.58×4.99×5.09×4.12×3.98×
EV / EBITDA8.69×15.86×12.83×9.1×21×20.6×15.1×0×
Gross margin25.2%24.5%28.4%27.6%15.4%-14.7%-9.2%-7.3%
Operating margin11.7%-3.2%15.3%14.4%-0.9%-34.1%-28.0%-40.7%
Net margin13.0%-3.9%13.8%17.9%-3.8%-27.8%-23.6%-43.6%
Current ratio2.62×2.11×2.04×1.73×1.67×1.58×1.5×0×
Debt / equity0.14×0.22×0.25×0.29×0.31×0.39×0.36×0×
Interest coverage0×-1.48×8.24×9.97×-0.53×-10.73×-7.06×-15.31×
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%-2.5%9.2%14.6%-3.1%-18.8%-15.2%0.0%
Return on invested capital5.2%-1.5%6.8%7.5%-0.5%-15.0%-12.5%0.0%
Return on assets5.2%-1.6%5.7%8.1%-1.7%-11.0%-9.5%0.0%
Free cash flow yield5.2%4.6%1.0%-1.5%3.3%1.7%-1.2%-4.3%
Earnings yield4.6%-1.1%3.0%5.0%-0.8%-5.5%-5.7%-10.9%
Enterprise value$19.3B$23.9B$33.8B$29.6B$32.4B$26.6B$26.2B$0
Net debt / EBITDA-0.05×0.09×0.14×0.16×-0.32×1.47×1.3×0×
Cash conversion cycle (days)1601631351141041071010