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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
-214.8%
-$197.62
vs $172.17 price
Levered DCF
-$135.69
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
4.87
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-30.77×-8.58×-6.32×-4.24×-25.01×-50.94×-104.19×-37.59×
P/B-128.95×-26.85×19.09×46.18×15.71×9.68×8.87×6.62×
P/S13.04×5.07×5.37×6.18×27.12×43.83×33.02×35.26×
EV / EBITDA-37.81×-11.69×-7.5×-6.52×-30.63×-55.93×-122.11×-40.29×
Gross margin64.5%60.8%59.7%65.2%67.1%67.7%67.0%52.3%
Operating margin-44.5%-60.0%-100.1%-121.1%-110.0%-88.9%-38.4%-102.5%
Net margin-42.4%-59.0%-85.0%-145.6%-108.6%-88.5%-35.3%-93.8%
Current ratio4.84×4.68×6.54×6.17×5.72×28.27×8.21×9.99×
Debt / equity-17.22×-9.57×8.53×22.75×2.13×0.66×0.05×0×
Interest coverage-112.2×-171.87×-219.06×-211.24×-159.49×-53.49×-69.75×-74.29×
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 equity419.2%312.5%-302.1%-1087.7%-62.9%-19.5%-9.5%-17.6%
Return on invested capital-25.1%-34.4%-35.1%-37.8%-20.3%-11.5%-8.9%-17.2%
Return on assets-20.7%-29.4%-26.8%-40.7%-18.4%-11.2%-7.9%-14.5%
Free cash flow yield-1.8%-7.3%-11.4%-13.9%-2.8%-1.3%-1.0%-2.9%
Earnings yield-3.3%-11.6%-15.8%-23.6%-4.0%-2.0%-1.1%-2.7%
Enterprise value$14.1B$4.6B$3.2B$4B$11B$12.6B$7B$3.1B
Net debt / EBITDA-3.56×-2.08×-0.51×-2×-2.45×-0.1×1.8×1.85×
Cash conversion cycle (days)849574397212876131