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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
+1202.1%
$30.08
vs $2.31 price
Levered DCF
$93.08
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.03
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E48.24×73.55×9.04×19.68×9.27×-2.75×-3.54×-1.48×
P/B6.16×15×32.27×-17.86×-4.37×-1.24×-1.3×-0.89×
P/S0.68×2.34×3.31×4.5×4.17×2.94×1.67×0.27×
EV / EBITDA9.4×25.33×12.58×15.62×40.95×18.42×27.24×11.86×
Gross margin59.1%62.5%66.6%66.4%69.6%68.7%69.6%42.5%
Operating margin12.5%11.5%31.2%35.2%35.9%28.3%31.2%-3.0%
Net margin1.4%3.1%36.6%22.8%45.5%-92.7%-47.3%-18.1%
Current ratio1.6×1.77×4.37×3.84×1.33×1.17×1.68×1.95×
Debt / equity9.51×13.2×16.65×-7.71×-2.78×-1.9×-2.89×-3.82×
Interest coverage1.67×1.33×3.76×3.66×1.79×0.61×0.74×-0.22×
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 equity12.8%19.8%357.7%-90.4%-47.7%39.0%36.6%60.3%
Return on invested capital5.2%3.7%17.1%17.9%-107.0%13.0%10.0%-2.7%
Return on assets1.0%1.1%18.6%12.1%23.6%-37.1%-12.0%-12.8%
Free cash flow yield10.5%2.7%4.2%2.9%4.1%-17.9%-9.9%-89.4%
Earnings yield2.1%1.3%11.1%5.1%10.9%-31.6%-28.2%-67.7%
Enterprise value$1.5B$1.9B$1.9B$2.5B$2.1B$1.6B$1.5B$1.1B
Net debt / EBITDA5.39×11.56×3.66×4.04×14.21×9.14×17.84×9.24×
Cash conversion cycle (days)68185197177128131166179