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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
+612.5%
$65.91
vs $9.25 price
Levered DCF
$95.17
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.24
Distress zone
Rating
A+
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E2.99×3.42×4.8×6.01×2.44×-12.48×-4.78×5.66×
P/B0.41×0.44×0.43×0.39×0.4×0.55×0.73×0.84×
P/S0.7×0.7×0.77×1.07×1.3×1.41×0.98×1.02×
EV / EBITDA-0.51×2.97×8.85×-4.25×-1.74×41.21×-14.58×27.49×
Gross margin66.5%57.7%58.9%67.1%81.7%60.9%63.3%111.6%
Operating margin31.2%27.4%21.6%23.6%26.0%-11.2%-21.5%18.2%
Net margin23.4%20.4%16.0%17.6%53.3%-11.2%-20.5%18.2%
Current ratio0.12×0.15×0.15×0.19×0.3×0.35×0.13×0.12×
Debt / equity0.43×1×1.8×0.35×0.98×1.46×2.31×5.61×
Interest coverage1.02×0.71×0.7×1.33×3.12×-0.45×-0.56×0.64×
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 equity13.7%12.7%9.0%6.4%16.3%-4.4%-15.3%15.0%
Return on invested capital9.3%8.2%4.1%5.2%5.2%-1.8%-4.3%2.1%
Return on assets1.5%1.4%0.8%0.7%1.8%-0.3%-0.9%0.8%
Free cash flow yield33.9%32.5%20.5%41.2%22.1%-16.8%-20.3%-4.7%
Earnings yield33.3%29.2%20.8%16.5%41.1%-7.9%-20.9%17.8%
Enterprise value-$11.9M$54.1M$79.8M-$25.3M-$5.9M-$18.7M$13M$26.3M
Net debt / EBITDA-2.68×0.5×5.5×-8.33×-6.29×62.94×-8.66×22.8×
Cash conversion cycle (days)1919232330702926