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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
-79.5%
$31.08
vs $151.49 price
Levered DCF
-$0.12
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
10.58
Safe zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E23.06×16.91×16.52×23.45×22.6×13.26×14.68×20.51×
P/B1.93×1.91×1.6×1.39×1.62×1.66×1.69×2.24×
P/S1.52×1.81×1.67×1.51×1.63×1.76×2.01×2.53×
EV / EBITDA16.78×12.45×10.19×14.03×13.53×9.12×9.72×13.45×
Gross margin16.0%20.2%19.8%17.1%18.1%24.1%23.3%23.5%
Operating margin8.5%11.6%10.3%6.9%8.4%15.9%15.0%14.8%
Net margin6.6%10.7%10.1%6.4%7.2%13.3%13.7%12.4%
Current ratio4.24×4.93×5×6.09×6.55×6.48×8.6×7.42×
Debt / equity0.08×0.03×0.03×0.03×0.03×0.01×0.01×0×
Interest coverage0×0×0×2.71×0×0×0×0×
Dividend yield0.9%4.6%5.0%6.6%7.6%6.8%6.8%5.1%
Payout ratio21.6%77.3%82.1%153.8%171.8%89.8%99.7%105.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity8.4%11.3%9.7%5.9%7.2%12.5%11.5%10.9%
Return on invested capital7.8%9.7%7.7%4.9%6.4%11.6%9.6%10.0%
Return on assets6.6%9.1%7.8%5.0%6.1%10.8%10.3%9.7%
Free cash flow yield-4.7%-8.7%7.6%1.6%5.5%6.2%1.0%8.2%
Earnings yield4.3%5.9%6.1%4.3%4.4%7.5%6.8%4.9%
Enterprise value$792.8M$693.8M$493.5M$424.8M$479.5M$539.7M$544.3M$762.2M
Net debt / EBITDA0.63×-0.14×-1.59×-1.98×-2.81×-1.4×-1.36×-1×
Cash conversion cycle (days)290334265251199208221170