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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
-81.4%
$19.50
vs $104.74 price
Levered DCF
$4.35
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.14
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023
P/E-87.54×-55.33×-24.12×
P/B-155.62×-31.32×-18.24×
P/S20×18.33×0×
EV / EBITDA-207.88×-88.28×-26.12×
Gross margin13.3%13.9%0.0%
Operating margin-12.7%-14.5%0.0%
Net margin-22.8%-33.1%0.0%
Current ratio0.33×2.52×3.81×
Debt / equity-33.96×-7.81×-7.01×
Interest coverage-1.64×-1.69×-1.1×
Dividend yield0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023
Return on equity177.2%56.6%75.5%
Return on invested capital-2.5%-2.8%-0.8%
Return on assets-4.6%-7.1%-12.2%
Free cash flow yield-0.4%-0.4%-0.4%
Earnings yield-1.1%-1.8%-4.1%
Enterprise value$9.3B$7.7B$4.4B
Net debt / EBITDA-36.53×-17.01×-5.95×
Cash conversion cycle (days)1610