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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
-76.1%
$5.91
vs $24.72 price
Levered DCF
$2.09
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.83
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/E-184.3×7.88×-55.3×4.11×3.7×-1.25×-5.01×-9.17×
P/B0.89×0.65×0.78×0.67×0.73×0.41×0.45×0.29×
P/S2.34×1.42×1.85×1.21×1.23×0.87×1.14×0.82×
EV / EBITDA11.09×4.04×13.32×3.32×3.16×-4.49×15.62×9.31×
Gross margin13.4%27.6%17.8%36.6%41.4%10.0%8.0%23.1%
Operating margin2.7%20.6%-1.5%31.1%36.8%-57.2%-7.3%0.1%
Net margin-1.3%18.1%-3.4%29.5%33.3%-63.4%-14.4%-9.0%
Current ratio2.34×2.41×4.46×3.43×4.17×2.18×1.75×2.65×
Debt / equity0.22×0.1×0.21×0.18×0.27×0.6×0.51×0.51×
Interest coverage0.74×6.55×-0.67×18.39×13.1×-9.07×-0.89×0.02×
Dividend yield4.1%11.2%5.8%17.8%2.0%3.2%4.7%0.0%
Payout ratio-751.4%88.4%-317.9%73.0%7.4%-4.4%-37.3%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-0.5%8.2%-1.4%16.4%19.9%-30.3%-5.7%-3.1%
Return on invested capital0.8%8.6%-0.5%14.7%17.3%-16.9%-1.9%0.0%
Return on assets-0.4%7.2%-1.1%13.5%15.1%-18.3%-3.7%-2.0%
Free cash flow yield-7.6%11.7%-0.3%20.5%16.9%5.5%2.1%-58.7%
Earnings yield-0.5%12.7%-1.8%24.3%27.0%-73.1%-12.6%-10.9%
Enterprise value$944M$645.7M$857.2M$764.4M$804.7M$614M$781.9M$643.3M
Net debt / EBITDA1.7×0.28×2.3×0.49×0.52×-2.24×6.76×4.93×
Cash conversion cycle (days)2425372432261641