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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
-927.5%
-$46.92
vs $5.67 price
Levered DCF
-$28.54
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.85
Distress zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-4.05×-3.27×-2.68×-1.51×-2.85×-4.01×-5.73×-0.76×
P/B-5.34×5.52×0.82×0.72×1.02×1.18×-3.13×-0.47×
P/S2.38×1.92×0.91×0.85×1.63×3×3.14×0.39×
EV / EBITDA-4.33×-29.72×-1.86×-1.1×-1.65×-2.68×-12.7×-10.19×
Gross margin46.4%48.3%50.1%56.4%51.8%53.4%43.3%39.4%
Operating margin-42.1%-19.9%-29.0%-57.1%-57.0%-70.1%-41.6%-38.2%
Net margin-58.7%-58.7%-34.1%-56.3%-56.9%-75.0%-48.0%-51.6%
Current ratio1.15×2.8×3.99×2.95×5.14×6.9×2.19×1.53×
Debt / equity-0.11×0.14×0.05×0.07×0.06×0.06×-0.67×-2.01×
Interest coverage0×0×0×0×0×-13.81×-6.35×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%2.3%0.0%2.1%
Payout ratio0.0%0.0%0.0%0.0%0.0%-9.4%-0.2%-1.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity131.7%-168.4%-30.5%-47.4%-35.7%-29.4%48.0%61.5%
Return on invested capital-77.8%-20.6%-20.9%-44.9%-33.7%-26.0%-47.6%-42.6%
Return on assets-48.0%-47.4%-20.7%-35.7%-29.5%-25.0%-42.4%-43.6%
Free cash flow yield-10.7%-2.4%-25.7%-49.8%-16.6%-17.9%-15.3%-53.3%
Earnings yield-24.6%-30.5%-37.4%-66.2%-34.9%-24.9%-15.3%-130.8%
Enterprise value$128.8M$89.3M$20.2M$18.2M$27.8M$42.5M$111.7M$47.5M
Net debt / EBITDA0.34×4.54×1.68×0.72×1.68×2.32×-1.81×-8.12×
Cash conversion cycle (days)69116240214136360183115