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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
+739.8%
$452.86
vs $53.93 price
Levered DCF
$390.37
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
0.86
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.55×55.06×6.36×22.35×782.14×-0.78×-7.49×-26.84×
P/B-3.95×-1.13×-3.26×-1.63×115,873.34×0.86×-6.07×-13.67×
P/S1.27×2.27×1.38×1.13×1.75×2.19×5.66×5.11×
EV / EBITDA5.14×8.6×8.4×7.28×10×-4.13×12.98×27.15×
Gross margin33.8%36.3%36.6%33.9%27.9%29.6%27.9%6.8%
Operating margin9.3%12.1%12.7%12.4%8.1%-248.8%-3.2%-4.6%
Net margin29.8%16.5%30.8%11.2%0.2%-281.8%-38.1%-19.1%
Current ratio0.69×0.7×1.03×1.06×0.9×0.71×0.94×4.75×
Debt / equity-6.84×-1.19×-6.78×-4.05×236,936.7×2.36×-1.16×0×
Interest coverage0.73×0.85×0.8×1.01×0.51×-465.97×-0.09×-0.32×
Dividend yield22.4%5.2%4.7%3.0%4.4%0.0%13.5%0.0%
Payout ratio95.1%71.7%21.1%30.4%3454.0%0.0%-200.3%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-93.0%-8.2%-72.8%-16.1%14820.0%-111.0%40.9%51.0%
Return on invested capital2.1%2.5%2.5%2.6%0.7%-29.0%-0.8%-1.5%
Return on assets7.2%3.6%5.9%2.3%0.0%-32.1%-9.6%-5.9%
Free cash flow yield3.3%10.8%14.7%28.6%13.2%-10.8%-14.6%-7.4%
Earnings yield23.5%7.3%22.3%9.9%0.1%-128.9%-6.7%-3.7%
Enterprise value$6.1B$6.9B$5.3B$4.8B$3.5B$3.3B$2.5B$2.5B
Net debt / EBITDA3.26×4.41×5.67×5.19×6.7×-3.02×2.06×-4.94×
Cash conversion cycle (days)4017475389642511