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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
+184.9%
$13.83
vs $4.86 price
Levered DCF
$11.94
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
2.05
Grey zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E17.5×15.02×14.18×13.04×30.54×25.5×81.67×-17.45×
P/B1.61×2.05×3.69×3.72×5.03×10.37×1.37×0×
P/S1.04×1.1×1.8×1.37×1.8×2.66×0.75×0.87×
EV / EBITDA8.49×8.08×8.55×8.82×16.95×15.93×25.85×0×
Gross margin38.8%41.3%42.2%35.8%33.5%37.1%34.8%34.9%
Operating margin12.7%15.2%23.0%18.4%12.3%17.2%-0.0%11.2%
Net margin6.1%7.3%12.7%10.6%5.8%10.4%0.9%-5.0%
Current ratio3.54×2.82×2.66×2.38×1.53×1.77×5.84×0×
Debt / equity1.09×1.26×1.28×1.9×2.68×4.43×2.04×0×
Interest coverage3.05×2.96×4.1×4.46×2.81×2.62×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.3%3.4%16.9%7.0%
Payout ratio0.0%0.0%0.0%0.0%9.6%86.1%1386.5%-122.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity9.4%13.6%26.1%28.7%16.3%40.3%1.7%0.0%
Return on invested capital6.6%8.7%15.3%12.3%8.1%11.6%-0.1%0.0%
Return on assets4.1%5.4%10.1%8.5%3.9%6.5%1.5%0.0%
Free cash flow yield12.3%12.6%10.2%5.7%4.1%6.5%-2.2%7.9%
Earnings yield5.8%6.6%7.1%7.7%3.2%3.9%1.2%-5.7%
Enterprise value$1.4B$1.6B$2.4B$2B$2.1B$2B$1B$0
Net debt / EBITDA2.69×2.6×1.76×2.76×5.81×4.52×15.45×0×
Cash conversion cycle (days)686070786553820