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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
+54.2%
$49.38
vs $32.02 price
Levered DCF
-$76.68
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
14.58
Safe zone
Rating
A+
Overall 5 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E5.71×23.71×11.65×-12.48×-26.35×
P/B0.57×0×0×0×0×
P/S1.65×6.37×10.28×11.28×11.58×
EV / EBITDA4.88×0×0×0×0×
Gross margin97.3%87.4%100.0%100.0%-36.7%
Operating margin45.1%-68.3%-36.8%-54.3%-73.2%
Net margin28.9%26.9%88.3%-90.4%-44.0%
Current ratio20.15×0×0×0×0×
Debt / equity0×0×0×0×0×
Interest coverage226.16×-206.74×-49.87×-14.32×-19.66×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity9.9%0.0%0.0%0.0%0.0%
Return on invested capital15.4%0.0%0.0%0.0%0.0%
Return on assets9.4%0.0%0.0%0.0%0.0%
Free cash flow yield-14.8%0.0%0.0%0.0%0.0%
Earnings yield17.5%4.2%8.6%-8.0%-3.8%
Enterprise value$1.8B$0$0$0$0
Net debt / EBITDA-0.23×0×0×0×0×
Cash conversion cycle (days)-1070000