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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
-234.7%
-$71.12
vs $52.79 price
Levered DCF
-$39.62
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
2.08
Grey 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-17.71×20.63×6.56×3.27×6.89×7.42×9.61×11.55×
P/B0.6×0.81×0.78×0.83×1.8×1.21×0.94×1.29×
P/S0.24×0.32×0.3×0.28×0.52×0.37×0.28×0.39×
EV / EBITDA19.61×10.57×6.59×2.4×4.57×4.87×8.22×8.39×
Gross margin32.5%33.0%34.9%34.9%32.0%26.4%26.1%25.3%
Operating margin4.5%5.3%8.4%11.5%10.2%7.1%4.9%5.4%
Net margin-1.4%1.6%4.6%8.6%7.5%4.9%2.9%3.3%
Current ratio1.2×1.19×1.33×1.83×2.06×1.85×1.38×1.63×
Debt / equity1.33×1.26×1.19×0.36×0.31×0.42×0.85×0.6×
Interest coverage1.45×1.74×3.76×80.78×57.15×11.51×5.23×6.38×
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 equity-3.4%3.9%11.9%25.3%26.1%16.4%9.8%11.1%
Return on invested capital3.8%4.0%6.9%18.5%19.8%12.5%6.5%8.2%
Return on assets-1.3%1.5%4.5%14.6%15.4%9.6%4.6%6.1%
Free cash flow yield2.1%-11.0%-40.1%2.8%32.6%52.8%-8.5%12.4%
Earnings yield-5.7%4.8%15.2%30.6%14.5%13.5%10.4%8.6%
Enterprise value$1.6B$1.8B$1.6B$697.9M$1B$590.2M$618.7M$619.5M
Net debt / EBITDA12.91×5.94×3.65×0.18×-0.18×0.31×3.64×2.22×
Cash conversion cycle (days)2072071871106294190157