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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
+254.7%
$168.18
vs $47.42 price
Levered DCF
-$112.68
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
2.71
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/E13.73×10.73×15.7×6.66×8.85×8.21×9.18×7.25×
P/B0.48×1.03×1.69×1.32×2.72×2.34×1.94×1.72×
P/S0.58×0.96×1.33×0.94×1.25×1.12×0.89×0.75×
EV / EBITDA25.21×13.64×17.2×8.46×8.39×9.36×9.92×8.57×
Gross margin20.7%24.2%23.0%28.1%26.8%25.5%23.7%25.3%
Operating margin4.7%9.6%9.9%16.9%18.0%15.4%12.4%13.3%
Net margin4.3%8.9%8.4%14.2%14.1%13.7%9.7%10.3%
Current ratio223.39×25.16×24.41×18.84×26.8×21.34×4.15×15.36×
Debt / equity0.79×0.75×0.79×0.86×0.58×0.74×0.82×1×
Interest coverage0×0×0×0×0×0×0×0×
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 equity3.5%9.6%10.7%19.9%30.8%28.4%21.1%23.7%
Return on invested capital1.6%4.4%5.3%9.8%19.1%15.7%11.1%11.9%
Return on assets1.8%5.2%5.8%10.5%18.3%17.7%10.7%11.1%
Free cash flow yield-14.1%-6.9%-1.9%-17.1%0.5%7.5%-2.6%-10.4%
Earnings yield7.3%9.3%6.4%15.0%11.3%12.2%10.9%13.8%
Enterprise value$2.6B$3.6B$4.5B$3.5B$4.6B$3.5B$2.3B$1.7B
Net debt / EBITDA15.52×5.61×5.35×3.27×1.4×2.17×2.84×3×
Cash conversion cycle (days)953738625637338333389406