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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
-39.9%
$11.65
vs $19.40 price
Levered DCF
-$18.73
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.79
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-6.48×25.87×9.16×5.9×10.78×49.3×28.62×4.32×
P/B1.25×0.71×0.7×0.66×1.16×0.93×0.64×1.14×
P/S0.49×0.35×0.31×0.26×0.45×0.37×0.2×0.36×
EV / EBITDA-49.64×8.26×5.75×4.94×6.34×10×9.44×14.15×
Gross margin27.8%28.1%27.2%27.7%27.1%25.9%25.6%29.5%
Operating margin8.6%7.7%8.8%9.6%9.6%6.1%5.2%10.2%
Net margin-7.1%1.7%3.4%4.4%4.1%0.7%0.7%8.4%
Current ratio1.91×1.77×1.8×1.62×1.7×1.45×1.19×1.21×
Debt / equity1.11×0.61×0.53×0.57×0.56×0.58×0.74×0.78×
Interest coverage4.68×6.42×8.42×11.31×11.89×4.94×3.74×24.65×
Dividend yield1.0%0.5%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio-6.6%10.3%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-18.1%3.5%7.6%11.2%10.7%1.9%2.2%26.4%
Return on invested capital9.5%4.2%7.1%8.5%8.7%2.8%3.6%14.1%
Return on assets-6.2%1.4%3.2%4.4%4.1%0.7%0.7%8.1%
Free cash flow yield-34.4%15.5%17.4%4.0%9.7%9.4%-7.1%21.7%
Earnings yield-14.5%5.0%10.9%16.9%9.3%2.0%3.5%23.1%
Enterprise value$6.2B$3.7B$2.7B$2.8B$3.1B$2.5B$2.1B$2.7B
Net debt / EBITDA-20.5×3.01×1.7×1.99×1×2.58×4.81×4.93×
Cash conversion cycle (days)6768606442363526