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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
+141.9%
$47.03
vs $19.44 price
Levered DCF
$68.95
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
3.59
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-18.29×-46.01×-18.71×-21.19×-18.26×-27.77×-33.55×
P/B4.78×10.43×7.05×9.36×4.09×24.17×48.19×
P/S5.67×18.7×14.54×24.59×31.7×190.97×228.33×
EV / EBITDA-18.02×-48.1×-18.37×-21.47×-16.61×-31.81×-34.96×
Gross margin63.7%61.1%52.2%49.4%46.0%-16.3%-30.6%
Operating margin-33.7%-43.0%-80.2%-107.6%-157.1%-619.4%-705.9%
Net margin-31.0%-40.7%-77.8%-116.2%-173.6%-687.0%-680.4%
Current ratio6.85×9.07×7.63×7.73×20.08×7.57×7.42×
Debt / equity0.21×0.2×0.28×0.39×0.2×0.9×0.79×
Interest coverage-28.96×-23.09×-27.33×-15.57×-9.32×-9.09×-60.15×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-26.1%-22.7%-37.7%-44.2%-22.4%-87.0%-143.6%
Return on invested capital-23.4%-20.0%-30.3%-29.2%-16.8%-40.6%-78.9%
Return on assets-18.8%-17.1%-26.2%-28.2%-17.8%-42.1%-67.7%
Free cash flow yield-3.3%-2.5%-6.7%-4.5%-5.3%-3.3%-3.7%
Earnings yield-5.5%-2.2%-5.3%-4.7%-5.5%-3.6%-3.0%
Enterprise value$1.5B$3.9B$1.8B$1.7B$842.7M$1.4B$1.4B
Net debt / EBITDA2.44×3.09×1.81×1.84×4.93×1.01×0.47×
Cash conversion cycle (days)273328277259265327303