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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
+2884.5%
$253.98
vs $8.51 price
Levered DCF
-$10.20
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.7
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-13.88×18.38×18.22×14.68×15.84×-7.21×14.72×17.15×
P/B7.39×7.34×9.21×4.91×6.26×9.73×8.71×5.18×
P/S0.32×0.5×1.05×1.03×1.32×3.42×1.09×1.59×
EV / EBITDA10.7×9.7×10.55×11.12×10.93×-29×12.03×8.55×
Gross margin85.7%85.3%84.0%83.5%84.3%82.8%82.8%82.6%
Operating margin5.0%11.2%14.7%14.1%15.0%-57.9%10.9%12.7%
Net margin-2.3%2.7%5.8%7.0%8.3%-47.4%7.4%9.3%
Current ratio0.29×0.22×0.32×0.67×0.47×0.44×0.27×0.37×
Debt / equity34.71×21.53×11.6×6.97×6.37×12.47×11.29×1.01×
Interest coverage0.72×1.76×2.46×3.3×3.93×-6.85×7.07×12.28×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.3%1.1%0.6%
Payout ratio0.0%0.0%0.0%0.0%0.0%-2.4%15.7%9.9%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-53.4%40.0%50.5%33.4%39.5%-135.1%59.1%30.2%
Return on invested capital2.0%5.4%7.5%6.4%8.0%-8.5%5.5%12.2%
Return on assets-1.2%1.5%3.4%3.6%4.6%-8.8%4.2%9.2%
Free cash flow yield-14.9%-20.4%1.5%10.4%11.1%-8.9%4.1%6.0%
Earnings yield-7.2%5.4%5.5%6.8%6.3%-13.9%6.8%5.8%
Enterprise value$3.8B$4.2B$5.2B$4.7B$3.5B$3.4B$3.4B$2.4B
Net debt / EBITDA8.81×7.23×5.85×6.35×5.48×-16.24×6.76×1.34×
Cash conversion cycle (days)-95-105-77-40-21-3-46-51