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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
+115.0%
$50.92
vs $23.69 price
Levered DCF
$22.58
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
2.99
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E11.12×17.08×9.14×11.14×13.06×3.05×-2.25×-0.68×
P/B-9.59×-9.36×-4.22×-4.96×-1.72×-0.36×-0.07×-0.17×
P/S0.31×0.69×0.49×0.86×0.56×0.16×0.04×0.1×
EV / EBITDA6.24×7.44×6.2×7.34×6.65×6.04×7.48×13.7×
Gross margin31.3%35.6%35.0%36.9%37.7%35.3%32.8%30.7%
Operating margin10.1%13.1%13.9%16.6%15.9%12.3%8.9%1.8%
Net margin2.8%4.1%5.4%7.7%4.2%5.2%-1.8%-14.6%
Current ratio2.44×2.69×3.34×2.46×2.25×2.68×2.21×2.05×
Debt / equity-19.47×-8.13×-5.24×-3.55×-2.54×-2.47×-2.02×-2.04×
Interest coverage1.69×1.84×2.29×2.67×1.94×1.51×0.99×0.2×
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 equity-86.3%-54.8%-46.2%-44.5%-13.2%-11.7%3.3%25.0%
Return on invested capital11.4%17.3%17.0%25.1%19.2%17.3%14.1%2.1%
Return on assets3.7%5.6%8.2%12.3%5.9%6.1%-2.4%-18.1%
Free cash flow yield24.9%10.2%12.6%3.3%4.9%30.3%-13.2%-8.3%
Earnings yield9.0%5.9%10.9%9.0%7.6%32.7%-50.8%-146.7%
Enterprise value$482M$589.3M$479.2M$687.6M$495.5M$332.8M$303.7M$311.1M
Net debt / EBITDA4.08×3.23×3.36×2.99×3.85×5.14×7.23×12.58×
Cash conversion cycle (days)108132134115109876957