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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
-115.9%
-$8.68
vs $54.49 price
Levered DCF
$16.72
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
39.46
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023
P/E-21.28×-18.79×-14.82×
P/B8.27×-2.11×-2.36×
P/S14.12×14.41×21.06×
EV / EBITDA-26.45×-29.36×-29.83×
Gross margin76.8%75.1%66.6%
Operating margin-36.4%-48.7%-83.6%
Net margin-66.3%-76.6%-109.7%
Current ratio5.2×2.45×4.52×
Debt / equity0.07×-0.19×-0.21×
Interest coverage-4.22×-2.69×-2.95×
Dividend yield0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023
Return on equity-38.8%11.2%12.3%
Return on invested capital-19.8%-67.6%-46.3%
Return on assets-32.5%-81.2%-51.7%
Free cash flow yield-2.4%-4.0%-4.5%
Earnings yield-4.7%-5.3%-5.2%
Enterprise value$2.5B$1.9B$1.9B
Net debt / EBITDA0.24×-1.67×-0.6×
Cash conversion cycle (days)334558