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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
+305.0%
$17.13
vs $4.23 price
Levered DCF
$16.12
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
3.47
Safe zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E18.03×10.33×11.73×4.38×6×-9.08×-1.61×-0.68×
P/B1.21×1.03×2.68×2.6×2.74×1.15×0.93×0.55×
P/S1.19×1.07×2.12×1.4×1.01×0.32×0.26×0.23×
EV / EBITDA9.08×4.94×7.22×3.64×5.71×10.67×193.4×-4.66×
Gross margin25.2%27.7%38.6%50.1%37.2%24.0%10.6%-4.4%
Operating margin7.5%12.4%27.0%40.4%21.9%4.0%-9.7%-25.6%
Net margin6.8%10.3%18.1%31.9%16.7%-3.5%-16.0%-33.4%
Current ratio3.26×4.09×3.5×3.36×1.86×1.65×1.61×2.05×
Debt / equity0.02×0.03×0.03×0.29×1.41×2.31×2.32×1.88×
Interest coverage0×0×9.36×9.18×3.72×0.48×-0.83×-2.89×
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 equity6.8%9.9%22.8%59.4%45.5%-12.8%-57.5%-80.4%
Return on invested capital5.3%8.7%24.4%51.6%23.6%4.2%-10.5%-20.7%
Return on assets5.2%8.1%17.6%38.1%15.0%-3.2%-14.4%-24.4%
Free cash flow yield-2.8%34.2%9.0%13.0%-1.6%21.9%78.6%93.2%
Earnings yield5.7%9.6%8.5%22.8%16.6%-11.2%-62.1%-147.2%
Enterprise value$260.5M$189.7M$606.5M$500.7M$291.1M$139.1M$143.9M$165.5M
Net debt / EBITDA-1.19×-1.65×-0.07×0.33×1.9×7.1×137.27×-3.6×
Cash conversion cycle (days)252217308318282144141227