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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
-38.0%
$61.52
vs $99.15 price
Levered DCF
$180.13
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
4.42
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/E17.26×13.99×14.34×10.73×27.18×14.51×11.65×11.14×
P/B1.55×1.28×0.89×1.05×1.11×1.03×1.31×1.04×
P/S1.16×0.97×0.68×0.73×0.94×0.97×1.16×1.32×
EV / EBITDA10.37×9.05×9.24×8.35×16.76×6.92×6.59×31.42×
Gross margin19.7%19.4%17.5%18.8%13.3%17.7%16.9%7.0%
Operating margin9.7%9.8%7.6%9.8%4.8%-8.9%-10.3%-1.7%
Net margin6.7%6.9%4.7%6.8%3.5%6.7%10.0%11.8%
Current ratio3.78×3.49×2.83×3.07×3.56×4.18×4.69×5.07×
Debt / equity0.26×0.37×0.48×0.59×0.68×0.17×0.03×0.06×
Interest coverage19.22×8.52×6.97×12.56×13.34×-27.4×-60.78×-5.1×
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 equity9.0%9.1%6.2%9.8%4.1%7.1%11.2%9.3%
Return on invested capital7.5%7.4%4.7%6.4%2.5%-5.6%-9.1%-1.2%
Return on assets6.1%5.8%3.5%5.2%2.1%5.1%9.0%7.5%
Free cash flow yield7.7%7.2%11.6%-1.7%-6.1%15.1%10.6%-9.8%
Earnings yield5.8%7.1%7.0%9.3%3.7%6.9%8.6%9.0%
Enterprise value$711.3M$610.2M$461.2M$519M$502.4M$284.5M$301.8M$232.6M
Net debt / EBITDA1.47×1.95×3.18×2.98×6.31×0.18×-0.5×0.82×
Cash conversion cycle (days)162174198197210178193275