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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
+499.6%
$54.17
vs $9.04 price
Levered DCF
$16.33
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
0.61
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E16.42×10.13×41.75×4.37×2.28×2.5×4.27×19.42×
P/B0.42×0.36×0.42×0.35×0.13×0.12×0.16×0.19×
P/S0.58×0.42×0.42×0.36×0.27×0.23×0.29×0.3×
EV / EBITDA5.02×2.98×5.42×1.69×1.87×1.73×2.18×6.78×
Gross margin24.3%7.8%4.1%18.6%13.8%12.8%9.8%4.8%
Operating margin6.8%8.3%4.1%18.5%14.6%11.3%6.8%1.7%
Net margin3.5%4.2%1.0%12.4%11.2%2.2%4.5%1.5%
Current ratio1.91×0×0×0×0×0×0×0.03×
Debt / equity0.17×0.18×0.21×0.21×0.12×0.22×0.28×0.35×
Interest coverage4.12×5.17×2.57×12.88×6.95×4.76×2.26×0.54×
Dividend yield0.0%0.7%0.0%0.0%0.0%0.0%3.9%4.2%
Payout ratio0.0%7.0%0.0%0.0%0.0%0.0%25.4%81.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity2.5%3.5%1.0%12.0%5.5%1.2%2.4%1.0%
Return on invested capital0.5%0.0%0.0%0.0%0.0%0.0%96.4%-0.2%
Return on assets0.3%0.3%0.1%1.0%0.9%0.2%0.3%0.1%
Free cash flow yield8.9%2.9%19.1%39.3%21.3%116.6%94.0%70.0%
Earnings yield6.0%9.9%2.4%34.3%41.4%9.3%15.5%5.1%
Enterprise value$3.2B$2.5B$2.5B$2.5B$2.4B$2.8B$2.9B$4.5B
Net debt / EBITDA-0.83×-0.63×-1.37×-0.13×0.26×0.53×0.49×3.26×
Cash conversion cycle (days)1,0579029429378087488100