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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
+14.4%
$11.09
vs $9.69 price
Levered DCF
$10.81
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
5.33
Safe zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
P/E16.11×17.2×9.35×20.1×13.86×10.58×-88.16×-201×
P/B2.81×3.15×2.13×6.89×3.51×9.3×9.97×-1.27×
P/S1.85×2.02×1.04×3×1.55×1.77×3.69×0.5×
EV / EBITDA11.33×10.96×5.72×24.49×10.87×7.67×-85.89×-1,159.31×
Gross margin45.6%46.6%42.7%41.4%41.0%52.0%30.7%0.5%
Operating margin14.8%15.6%13.5%10.2%10.5%16.0%-14.5%-0.3%
Net margin11.4%11.7%11.1%7.5%7.6%16.6%-4.2%-0.2%
Current ratio3.7×2.69×2.35×2.04×2.47×2.18×1.57×0.15×
Debt / equity0.3×0.43×0.22×0.36×0.07×0.1×0.2×-6.12×
Interest coverage173.3×88.59×52.61×37.62×30.71×54.03×-19.9×-0.01×
Dividend yield0.0%0.0%0.0%0.9%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%34.4%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Return on equity17.3%18.4%22.8%17.3%17.2%87.4%-11.3%0.6%
Return on invested capital12.4%11.6%16.7%11.9%15.6%58.4%-19.9%-0.3%
Return on assets11.6%10.9%14.5%9.8%11.3%53.5%-6.4%-0.1%
Free cash flow yield1.8%5.3%2.6%1.5%1.7%4.5%-1.1%-18.9%
Earnings yield6.2%5.8%10.7%2.5%4.9%9.4%-1.1%-0.4%
Enterprise value$141.1M$126.8M$42.2M$102.5M$39.9M$95.6M$60.4M$1.6B
Net debt / EBITDA-0.57×-0.23×-0.75×-0.89×-2.13×-0.54×0.29×-959.47×
Cash conversion cycle (days)100859461532687-14