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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
+11.1%
$6.52
vs $5.87 price
Levered DCF
$8.37
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
2.83
Grey zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E15.6×16.35×26.21×21.75×18.13×7.99×16.49×25.21×
P/B2.33×4.63×3.01×1.58×1.78×2.81×5.73×6.9×
P/S0.43×0.7×0.39×0.26×0.27×0.47×0.82×0.83×
EV / EBITDA8.28×9.85×9.47×6.08×6.48×4.8×8.54×14.89×
Gross margin77.6%80.4%79.3%79.7%81.5%82.7%83.7%83.2%
Operating margin3.3%5.3%2.2%2.0%3.7%8.0%6.6%4.2%
Net margin2.8%4.3%1.5%1.2%1.5%5.9%5.0%3.3%
Current ratio1.89×1.87×1.69×2.26×1.83×1.91×1.75×1.65×
Debt / equity0.29×0.34×0.52×0.38×0.5×0.49×0.04×0.05×
Interest coverage0×0×0×0×757.5×1,036.18×128.88×29.38×
Dividend yield3.0%1.3%8.9%2.9%0.7%0.4%0.0%0.0%
Payout ratio46.2%21.1%236.3%62.4%12.1%2.9%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity15.1%28.3%11.3%7.3%9.9%35.0%34.7%27.3%
Return on invested capital11.6%21.0%7.3%5.6%10.6%23.7%34.8%25.0%
Return on assets8.2%13.6%4.9%3.8%4.4%16.4%19.6%13.4%
Free cash flow yield8.5%6.6%12.7%6.9%11.5%6.2%8.2%8.1%
Earnings yield6.5%6.1%3.7%4.7%5.6%12.5%6.1%4.0%
Enterprise value$73.2M$151.7M$75.1M$46.1M$51.6M$98.4M$169.7M$170.4M
Net debt / EBITDA-0.57×-0.55×-0.41×-1.12×-0.56×-0.24×-1.05×-1.52×
Cash conversion cycle (days)1041338310391889388