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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
-100.7%
-$1.55
vs $227.10 price
Levered DCF
-$3.19
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
12.95
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-4.06×-4.49×-8.06×8.45×8.38×-53.3×-12.62×-13.05×
P/B1.33×1.46×2.74×3.7×7.24×15.56×5.51×3.28×
P/S5.9×4.99×5.55×3.75×5.77×49.59×107.47×37.17×
EV / EBITDA-4.23×-4.36×-11.06×6.91×7.12×-53.23×-13.35×-10.67×
Gross margin55.3%54.2%31.5%71.3%85.2%95.1%48.5%81.6%
Operating margin-158.1%-123.3%-61.9%49.9%75.0%-95.0%-906.4%-347.1%
Net margin-145.2%-111.3%-68.8%44.3%68.8%-93.0%-853.7%-284.8%
Current ratio3.29×3.67×3.42×2.73×1.76×1.43×7.89×7.02×
Debt / equity0.22×0.07×0.09×0.06×0.06×0.09×0.11×0.02×
Interest coverage-307.4×-164.38×-111.55×324.83×738.67×-77.19×-82.53×-151.44×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-32.6%-32.7%-34.0%43.7%86.3%-29.2%-43.8%-25.1%
Return on invested capital-29.7%-32.5%-27.5%38.9%77.5%-25.6%-37.7%-27.0%
Return on assets-22.9%-25.2%-25.6%32.3%49.5%-10.2%-32.3%-19.6%
Free cash flow yield-18.0%-25.4%-10.1%6.5%13.0%4.9%-7.6%-8.7%
Earnings yield-24.6%-22.3%-12.4%11.8%11.9%-1.9%-7.9%-7.7%
Enterprise value$10.8B$14.8B$36.3B$68.8B$96.4B$37.5B$6.4B$4.4B
Net debt / EBITDA0.27×0.35×0.51×-0.2×-0.44×3.39×0.22×1.52×
Cash conversion cycle (days)-16-4336422791015-376