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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
-1900.3%
-$328.46
vs $18.25 price
Levered DCF
-$445.90
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.35
Distress zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E23.74×12.31×51.38×-2.26×-1.68×-1.61×13.49×9.9×
P/B4.6×7.86×28.28×74.91×3.12×1.49×1.93×1.59×
P/S1.03×1.18×0.99×1.06×11.7×5.06×1.94×1.56×
EV / EBITDA6.43×10×12.49×-26.78×-11.09×-5.39×10.52×8.74×
Gross margin32.0%40.0%36.0%11.9%-148.2%-32.3%43.3%44.2%
Operating margin16.2%15.5%10.9%-32.0%-393.9%-272.2%18.2%20.1%
Net margin4.3%9.6%1.9%-46.9%-695.5%-313.5%14.4%15.8%
Current ratio0.21×0.17×0.22×0.37×0.89×1.86×0.2×0.17×
Debt / equity6.61×9.76×46.74×198.59×5.12×2.71×1.04×1.09×
Interest coverage0.71×1.96×1.28×-1.94×-1.23×-7.22×4.58×4.51×
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 equity19.2%63.9%55.2%-3309.3%-185.3%-92.2%14.3%16.0%
Return on invested capital8.8%9.4%6.1%-10.7%-16.1%-21.0%8.5%9.4%
Return on assets1.9%4.6%0.9%-12.2%-24.1%-21.8%5.6%6.3%
Free cash flow yield-11.5%7.5%-8.8%-30.6%-42.5%-54.1%1.5%5.4%
Earnings yield4.2%8.1%2.0%-44.2%-59.5%-61.9%7.4%10.1%
Enterprise value$24.6B$24.9B$22.2B$17.8B$18.5B$15B$19.1B$15.8B
Net debt / EBITDA3.77×5.5×7.7×-19.06×-6.55×-3.06×3.61×3.5×
Cash conversion cycle (days)97111863264-4