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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
+2.3%
$20.62
vs $20.15 price
Levered DCF
$25.65
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
-0.62
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E9.43×11×10.02×8.54×10.62×11.34×17.97×18.84×
P/B0×0.91×0.71×0.63×0.85×0.71×0.69×1.03×
P/S1.86×1.84×1.5×1.62×2.61×2.19×1.39×1.95×
EV / EBITDA0×10.14×6.76×2.35×6.13×1.81×11.36×13.87×
Gross margin62.3%60.3%60.3%73.7%91.3%85.5%74.7%74.5%
Operating margin27.8%23.6%21.3%26.4%34.7%27.6%11.0%14.7%
Net margin19.7%16.7%14.9%18.9%24.6%19.4%7.7%10.3%
Current ratio0×0.04×0.06×0.11×0.06×0.14×0.13×0.08×
Debt / equity0×0.41×0.26×0.32×0.21×0.24×1.19×0.66×
Interest coverage0.77×0.61×0.54×1.04×4.5×2.97×0.56×0.64×
Dividend yield2.0%1.7%2.1%2.0%1.7%0.0%0.0%0.0%
Payout ratio18.8%18.7%21.6%17.1%18.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity0.0%8.2%7.0%7.4%8.0%6.3%3.9%5.5%
Return on invested capital0.0%5.4%5.0%5.1%6.1%4.6%1.6%3.0%
Return on assets0.0%1.0%0.8%0.8%1.0%0.8%0.3%0.5%
Free cash flow yield0.0%9.1%7.0%12.4%12.9%12.8%1.7%10.2%
Earnings yield10.6%9.1%10.0%11.7%9.4%8.9%5.6%5.3%
Enterprise value$0$149.6M$81.1M$27.2M$73.6M$17.3M$45M$71.2M
Net debt / EBITDA0×2.85×0.25×-3.34×-0.88×-5.42×1.43×2.87×
Cash conversion cycle (days)021202428344217