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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
+111.3%
$35.58
vs $16.84 price
Levered DCF
$11.83
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.75
Grey zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.2×-807.69×21.84×-10.18×4.53×-10.84×7.92×34.71×
P/B0.31×0.39×0.62×0.51×0.53×0.66×0.7×0.69×
P/S0.07×0.11×0.16×0.13×0.14×0.17×0.16×0.14×
EV / EBITDA3.83×18.75×6.08×4.6×6.45×8.14×5.29×38.27×
Gross margin20.1%20.4%19.9%20.4%18.7%18.3%18.1%17.6%
Operating margin-1.6%-0.3%0.5%0.3%1.0%-2.1%1.5%1.6%
Net margin-6.0%-0.0%0.8%-1.3%3.2%-1.6%2.1%0.4%
Current ratio1.54×1.65×1.59×1.52×1.45×1.67×1.59×1.56×
Debt / equity0.16×0.25×0.04×0.06×0.06×0.07×0.05×0×
Interest coverage0×-1.39×7.59×7.05×19.44×-31.2×19.48×28.19×
Dividend yield3.6%2.2%1.4%1.6%0.6%0.4%1.3%1.5%
Payout ratio-4.3%-1816.7%30.2%-17.0%2.6%-4.2%10.6%51.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-26.0%-0.0%2.9%-5.0%11.7%-6.0%8.9%2.0%
Return on invested capital-4.8%-0.0%1.5%0.8%2.2%-3.8%5.0%-11.6%
Return on assets-11.3%-0.0%1.4%-2.3%5.4%-2.8%4.5%1.0%
Free cash flow yield37.5%3.3%7.9%-13.7%10.5%21.6%9.3%4.5%
Earnings yield-83.4%-0.1%4.7%-9.7%22.2%-9.1%12.7%2.9%
Enterprise value$430.8M$748.2M$701.7M$560.6M$668.3M$652.8M$922.4M$761.5M
Net debt / EBITDA1.12×6.61×-0.65×-0.68×-0.33×-1.69×0.23×-1.66×
Cash conversion cycle (days)3441274343494542