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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
-51.2%
$5.16
vs $10.56 price
Levered DCF
-$4.17
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
3.02
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-13.48×-29.53×75.05×9.08×16.82×20.8×23.65×20.8×
P/B0.93×1.07×1.3×1.42×1.84×2.03×2.52×2.45×
P/S0.87×0.84×0.93×1.25×2.2×2.28×2.89×2.47×
EV / EBITDA8.25×6.64×5.83×4.94×5.61×6.64×8.28×6.97×
Gross margin8.4%10.5%12.0%20.7%21.1%22.9%20.5%20.6%
Operating margin-7.7%-2.6%0.1%9.4%17.4%14.5%15.8%14.7%
Net margin-6.5%-2.8%1.2%13.8%13.1%11.0%12.2%11.9%
Current ratio1.04×1.08×1.37×1.47×3.26×2.72×2.39×3.59×
Debt / equity0.21×0.25×0.37×0.51×0×0×0×0×
Interest coverage-5.38×-1.58×0.05×10.69×0×0×89.62×0×
Dividend yield0.9%0.5%0.6%0.5%3.4%0.4%0.4%0.4%
Payout ratio-11.9%-15.9%42.8%4.7%57.9%9.2%9.0%9.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-6.9%-3.6%1.7%15.6%10.9%9.8%10.7%11.8%
Return on invested capital-4.4%-1.8%0.1%4.4%9.2%8.0%8.5%9.6%
Return on assets-4.4%-2.2%1.0%8.0%8.5%7.4%8.1%9.0%
Free cash flow yield-9.5%3.9%-3.8%2.8%-0.7%-1.7%-1.0%-1.5%
Earnings yield-7.5%-3.4%1.3%11.0%5.9%4.8%4.2%4.8%
Enterprise value$846.2M$1.1B$1.4B$1.6B$1.2B$1.4B$1.6B$1.3B
Net debt / EBITDA1.39×1.21×1.19×1.19×-0.75×-0.56×-0.39×-0.84×
Cash conversion cycle (days)1819212419222621