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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
+21.6%
$5.35
vs $4.40 price
Levered DCF
$1.48
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
—
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.7×12.58×10.69×7.65×12.4×60.52×6.48×7.03×
P/B9.51×9.83×7.98×9.15×12.89×10.44×3.88×4.64×
P/S9.17×8.96×7.37×6.4×10.32×25.29×4.48×5.23×
EV / EBITDA12.26×11.18×9.44×5.7×9.52×54.8×3.61×5.77×
Gross margin100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Operating margin66.9%68.8%68.2%81.0%83.5%41.7%73.0%73.7%
Net margin66.9%72.0%68.2%83.4%83.5%41.8%68.4%73.7%
Current ratio0×0×0×0×0×0.01×0.01×0×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield7.0%8.5%9.4%14.7%6.4%2.0%16.1%14.5%
Payout ratio95.6%106.0%101.8%112.8%79.1%121.9%105.7%102.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity69.4%79.0%73.9%119.2%104.3%17.3%59.2%65.4%
Return on invested capital69.4%75.4%73.9%115.1%104.3%-0.2%-0.8%0.0%
Return on assets69.4%79.0%73.9%119.2%104.3%17.3%59.2%65.4%
Free cash flow yield0.0%0.0%0.0%0.0%8.1%-0.4%15.3%14.1%
Earnings yield7.3%8.0%9.3%13.0%8.1%1.7%15.3%14.1%
Enterprise value$8.1M$8.1M$6.7M$9.4M$13.7M$8.8M$2.8M$3.5M
Net debt / EBITDA-1.44×-1.27×-1.35×-0.7×-0.8×-5.78×-1.25×-1.58×
Cash conversion cycle (days)00000011