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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
-42.6%
$45.38
vs $79.09 price
Levered DCF
$48.42
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.43
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E58.19×51.24×11.33×22.72×-20.16×-9.26×10.49×-118.01×
P/B1.72×-144.35×-70.6×-24.71×-1,601.82×4.09×0.63×0.83×
P/S3.62×2.04×1.71×2.02×3.62×24.81×3.08×2.02×
EV / EBITDA-4,610.68×17.7×14.85×13.38×46.66×-16.18×3.21×11.01×
Gross margin45.1%43.2%43.0%41.3%39.6%7.3%34.9%36.1%
Operating margin13.3%14.3%11.7%12.3%-0.9%-290.0%38.5%-4.3%
Net margin6.2%4.0%15.0%9.0%-20.4%-267.2%29.4%-1.7%
Current ratio1.22×0.47×0.43×0.55×0.63×1.27×2.8×2.84×
Debt / equity0.41×-90.29×-46.2×-13×-648.67×1.48×0.09×0.02×
Interest coverage3.54×2.66×1.93×2.02×-0.11×-7.03×530.19×-2.99×
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 equity3.0%-281.4%-622.9%-110.3%9039.7%-44.1%6.0%-0.7%
Return on invested capital2.5%6.2%10.3%11.2%-0.5%-18.0%4.3%-1.6%
Return on assets1.6%2.2%9.3%5.5%-8.7%-12.9%4.6%-0.5%
Free cash flow yield2.2%4.8%5.3%7.0%3.4%-7.8%0.1%-4.3%
Earnings yield1.7%1.9%8.8%4.5%-5.6%-10.8%9.5%-0.8%
Enterprise value$4.2B$3.1B$2.7B$2.5B$3.3B$2.4B$1.2B$1.1B
Net debt / EBITDA-396.58×6.66×5.76×4.35×12.86×-2.76×-1.8×-10.33×
Cash conversion cycle (days)583224521077591916