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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
-43.6%
$11.66
vs $20.69 price
Levered DCF
$13.67
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
3.75
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-266.74×43.21×39.04×7.84×6.68×8.79×-14.88×18.03×
P/B1.16×1.67×1.66×2.81×2.7×4.59×7.3×5.3×
P/S1.27×1.08×0.83×0.89×0.61×1.06×0.98×0.82×
EV / EBITDA17.52×11.4×14.06×4.31×3.23×6.35×-28×11.97×
Gross margin22.9%20.0%18.3%27.7%26.2%26.9%20.8%24.3%
Operating margin2.6%4.0%2.1%19.9%18.1%16.9%-7.3%13.8%
Net margin-0.5%2.5%2.1%11.3%9.1%12.1%-6.6%4.6%
Current ratio1.56×1.86×1.99×1.91×1.57×1.48×1.02×0.79×
Debt / equity0×0×0.27×0.28×0.39×0.86×2.22×1.57×
Interest coverage-42.47×9.61×2.32×45.33×78.99×23.18×-5.27×9.87×
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%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-0.4%3.8%4.2%35.9%40.5%52.1%-49.2%29.5%
Return on invested capital-2.7%4.6%2.7%36.5%43.1%30.1%-12.5%27.2%
Return on assets-0.3%2.7%2.5%19.5%19.6%20.3%-11.6%8.6%
Free cash flow yield5.0%8.6%-1.3%20.3%15.7%8.2%4.5%10.9%
Earnings yield-0.4%2.3%2.6%12.8%15.0%11.4%-6.7%5.6%
Enterprise value$399.3M$276.8M$345.9M$573.9M$410.8M$548.3M$449.2M$491.3M
Net debt / EBITDA-1.93×-1.19×1.7×0.25×0.18×0.62×-5.75×2.63×
Cash conversion cycle (days)9341444140413024