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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
-124.1%
-$171.99
vs $713.53 price
Levered DCF
$40.41
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
13.15
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-8.79×249.34×-6.27×-29.39×27.89×29.92×42.53×-100.87×
P/B13.12×5.76×3.58×2.86×2.96×3.01×3.3×2.57×
P/S20.22×3.97×2.52×2.19×3.24×3.47×3.44×2.46×
EV / EBITDA-8.8×80.76×-68.01×31.21×12.82×13.02×15.6×26.54×
Gross margin41.7%28.0%18.5%32.2%46.0%46.0%38.7%27.2%
Operating margin17.4%-11.7%-26.6%-5.0%17.6%17.7%12.2%-1.4%
Net margin-230.1%1.6%-40.2%-7.4%11.6%11.6%8.1%-2.3%
Current ratio1.68×4.37×5.9×4.38×4.38×3.67×7.24×4.53×
Debt / equity0.36×2.3×2.67×2.12×1.03×0.63×0.68×0.56×
Interest coverage24.07×-8.66×-10.69×-2.47×3.77×3.78×3.33×-0.6×
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%-1.9%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-149.3%2.3%-57.1%-9.7%10.6%10.1%7.7%-2.4%
Return on invested capital7.9%0.8%-9.8%-2.0%6.6%7.8%5.3%-0.9%
Return on assets-94.9%0.6%-13.9%-2.8%4.8%5.6%4.1%-1.3%
Free cash flow yield0.5%-1.6%-3.2%1.3%6.6%10.8%7.6%4.3%
Earnings yield-11.4%0.4%-15.9%-3.4%3.6%3.3%2.3%-0.9%
Enterprise value$60.6B$8.6B$5.5B$5.9B$6.2B$6.4B$6.7B$4.3B
Net debt / EBITDA0.05×19.55×-26.02×10.68×1.34×0.95×2.09×2.55×
Cash conversion cycle (days)8913114212493776477