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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
-92.9%
$2.56
vs $36.28 price
Levered DCF
-$1.25
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
3.7
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/E21.36×823.18×-16.24×-58.78×12.5×-6.79×2.74×3.73×
P/B-45.77×-4.71×-10.98×58.97×12.38×13.1×1.82×14.87×
P/S3.62×1.38×1.92×3.36×3.18×1.66×0.48×1.02×
EV / EBITDA15.27×20.44×-20.85×-54.83×7.13×-4.08×-1.68×0.96×
Gross margin80.1%80.6%84.1%83.2%83.9%85.0%82.2%86.0%
Operating margin21.4%2.7%-14.3%-9.0%26.9%-24.1%22.7%33.0%
Net margin16.9%0.2%-11.8%-4.9%25.9%-22.9%17.1%27.4%
Current ratio0.71×0.89×0.98×1.24×1.8×1.98×1.83×1.62×
Debt / equity-3.58×-1.08×-1.48×5.4×1.41×3.48×1.4×3.65×
Interest coverage5.89×0.78×-4.46×-2.79×8.19×-6.5×8.09×10.23×
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-214.3%-0.6%67.5%-85.8%101.0%-180.5%64.1%398.0%
Return on invested capital70.8%1.7%-27.7%-5.4%20.5%-14.1%14.4%42.8%
Return on assets17.4%0.2%-7.3%-2.5%11.2%-9.7%8.1%17.0%
Free cash flow yield-2.1%0.3%-16.8%-0.3%12.7%-18.3%37.9%26.7%
Earnings yield4.7%0.1%-6.2%-1.5%8.2%-13.8%35.3%26.8%
Enterprise value$4.6B$1.7B$2.1B$2.5B$1.7B$501.4M-$387.3M$298.6M
Net debt / EBITDA0.51×0.67×0.33×10.9×-3.43×4.66×-3.33×-2.2×
Cash conversion cycle (days)231260286286292-1,092-1,016190