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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
-67.8%
$11.89
vs $36.88 price
Levered DCF
-$1.07
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.29
Distress zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-30.08×-5.45×14.47×-2.69×15.96×32.71×164.89×11.28×
P/B0.66×0.53×0.61×0.53×1.33×1.34×1.5×0.98×
P/S1.31×0.77×0.85×0.6×2.59×3.19×1.51×1.1×
EV / EBITDA21.3×-11.74×4.05×-3.87×10.42×13.53×18.17×4.27×
Gross margin66.2%72.2%69.2%63.1%65.0%73.0%78.2%80.2%
Operating margin4.6%-0.1%-6.0%-9.1%-3.7%-19.4%0.2%1.4%
Net margin-4.3%-14.2%6.1%-22.4%16.2%9.8%0.9%9.7%
Current ratio2.75×2.8×2.36×2.37×2.23×5.49×2.1×5.24×
Debt / equity0.3×0.35×0.33×0.35×0.29×0.11×0.1×0.09×
Interest coverage0.92×-0.03×-1.65×-4.31×-4×-33.26×0.48×2.74×
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-2.2%-9.7%4.4%-19.7%8.3%4.1%0.9%8.7%
Return on invested capital1.7%-0.0%-1.9%-4.0%-1.0%-6.4%0.2%0.5%
Return on assets-1.5%-5.7%2.6%-11.3%4.9%2.9%0.6%3.6%
Free cash flow yield1.3%9.8%1.3%-7.1%0.5%1.1%4.1%11.3%
Earnings yield-3.3%-18.3%7.2%-37.2%6.2%3.1%0.6%8.9%
Enterprise value$3.6B$3.1B$4.4B$3.8B$9.5B$6.2B$3.2B$914.3M
Net debt / EBITDA2.76×-0.64×0.66×-0.65×-0.05×-5.82×-3.38×-8.73×
Cash conversion cycle (days)5225161720-9-22-29