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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
-253.3%
-$169.30
vs $110.41 price
Levered DCF
-$166.22
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
6.45
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-27.15×-12.39×-5.8×-5.11×-7.02×-11.06×-7.93×-3.11×
P/B50.31×39.69×-13.11×27.95×7.44×11.78×7.72×4.84×
P/S61.31×31.14×14.26×10.02×16.2×19.76×14.8×102.51×
EV / EBITDA-31.96×-14.76×-7.69×-5.73×-7.69×-12.47×-8.89×-2.81×
Gross margin79.4%76.4%78.5%77.5%76.6%75.7%82.3%75.4%
Operating margin-194.0%-241.5%-232.5%-186.4%-199.0%-161.3%-172.4%-3124.9%
Net margin-210.5%-251.2%-245.6%-196.3%-230.6%-178.9%-186.4%-3297.2%
Current ratio3.83×5.45×4.12×6.69×6.19×5.24×6.51×6.51×
Debt / equity1.04×4.6×-3.63×13.39×1.49×1.47×1.52×1.52×
Interest coverage-14.04×-10.34×-8.69×-17.29×-9.27×-8.97×-8.49×-12.07×
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-172.8%-320.2%225.8%-547.5%-105.9%-106.6%-97.2%-155.7%
Return on invested capital-64.8%-50.4%-63.7%-31.0%-33.4%-38.4%-35.1%-58.6%
Return on assets-56.4%-45.1%-56.4%-29.1%-35.0%-36.9%-34.3%-53.6%
Free cash flow yield-2.6%-6.2%-12.6%-16.7%-12.1%-7.0%-14.5%-27.1%
Earnings yield-3.4%-8.1%-17.2%-19.6%-14.2%-9.1%-12.6%-32.2%
Enterprise value$37.4B$12.1B$5.1B$2.6B$2.9B$3.1B$1.9B$829.7M
Net debt / EBITDA-0.22×-0.93×-1.09×-0.23×0.27×0.51×0.42×0.6×
Cash conversion cycle (days)23716114917330598280-1,409