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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
+37.9%
$136.00
vs $98.63 price
Levered DCF
$78.35
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.91
Grey zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E56.06×14.84×9.8×9.36×4.98×39.2×-4×-0.15×
P/B5.7×6.73×25.62×-6.4×-4.75×-0.71×-0.2×-0.05×
P/S9.72×2.46×2.58×1.61×2.26×0.92×0.31×0.08×
EV / EBITDA32.97×10.78×8.65×5.96×4.25×3.17×-9.32×-0.49×
Gross margin26.2%25.2%35.0%40.1%38.4%39.5%15.5%-9.3%
Operating margin11.2%10.9%16.4%20.3%22.9%20.6%-9.4%-47.9%
Net margin17.3%16.6%26.4%17.8%58.7%22.0%-7.9%-53.9%
Current ratio5.59×2.74×1.45×1.31×1.18×1.11×1.1×1.1×
Debt / equity1.59×3.39×5.48×-2.29×-0.95×-0.36×-0.36×-0.48×
Interest coverage3.59×17.78×40.31×119.4×683×510×-6.57×-22.54×
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 equity10.2%45.4%261.3%-70.4%-123.3%-17.0%4.9%32.3%
Return on invested capital2.2%6.0%15.1%16.7%36.7%39.6%-15.4%-55.7%
Return on assets3.2%6.7%10.6%7.4%30.6%11.2%-3.6%-18.2%
Free cash flow yield0.7%3.0%0.9%4.2%7.2%28.9%17.0%-481.8%
Earnings yield1.8%6.7%10.2%11.0%26.0%23.9%-25.1%-673.2%
Enterprise value$3.6B$932.1M$803.6M$464.1M$613.8M$191.8M$57.8M$45.4M
Net debt / EBITDA-6.76×-1.78×-0.26×-0.13×-0.41×-0.59×1.29×-0.32×
Cash conversion cycle (days)370238583469207190155332