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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
+549.7%
$46.58
vs $7.17 price
Levered DCF
$50.83
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
26.35
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E7.36×9.33×4.75×8.35×21.21×8.69×7.46×10.27×
P/B30.05×32.71×126.21×363.95×682.81×61.76×467.16×840.51×
P/S6.73×8.15×4.56×8.02×18.21×7.1×6.74×9.18×
EV / EBITDA6.73×9×4.7×7.94×20.72×6.94×6.55×8.98×
Gross margin100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Operating margin90.9%86.3%95.7%96.1%87.2%100.0%100.0%100.0%
Net margin91.8%87.4%96.2%96.0%86.4%81.1%90.8%89.0%
Current ratio1.68×8.84×0×1.06×1.1×3.53×1.08×1.06×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield8.2%9.0%27.5%7.9%3.8%14.7%13.2%10.7%
Payout ratio60.2%83.6%130.2%66.2%80.9%128.6%98.2%110.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity410.1%350.9%2662.7%4354.6%3239.4%705.6%6294.1%8150.6%
Return on invested capital406.3%346.5%2648.3%4358.9%3270.7%869.5%6930.9%9156.3%
Return on assets165.9%311.2%2662.7%237.6%282.1%505.9%476.3%439.7%
Free cash flow yield15.0%12.4%22.1%12.5%5.5%14.1%14.9%10.9%
Earnings yield13.6%10.7%21.1%12.0%4.7%11.4%13.5%9.7%
Enterprise value$53.4M$45.5M$99.6M$135.6M$82.4M$28.1M$54.7M$64.6M
Net debt / EBITDA-0.6×-0.32×-0.04×-0.42×-0.35×-0.16×-0.19×-0.2×
Cash conversion cycle (days)00000000