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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
+684.4%
$310.95
vs $39.64 price
Levered DCF
$1,192.16
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.93
Distress zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E8.37×7.94×14.75×5.1×6.5×12.19×7.66×7.94×
P/B1.03×0.92×0.73×0.85×2.04×1.2×1.13×1×
P/S0.6×0.56×0.43×0.51×1.35×0.87×0.96×0.91×
EV / EBITDA20.92×26.95×46.95×21.02×13.64×22.54×16.71×16.96×
Gross margin52.3%51.3%47.9%56.8%71.9%56.8%60.7%60.7%
Operating margin12.4%9.2%3.8%12.9%26.3%9.6%16.6%15.0%
Net margin6.9%7.0%2.9%10.1%20.7%7.1%12.6%11.5%
Current ratio8.39×0.05×0.11×0.16×0.09×0.06×0.02×0.03×
Debt / equity4.65×4.24×4.44×4.48×3.99×2.91×2.73×2.33×
Interest coverage0.95×0.73×0.31×1.91×3.59×0.95×1.47×1.37×
Dividend yield3.0%3.7%5.0%4.3%1.7%0.7%0.0%0.0%
Payout ratio25.9%29.5%74.5%22.2%10.8%8.3%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity11.9%11.5%5.0%16.6%31.4%9.8%14.8%12.7%
Return on invested capital2.8%2.2%0.9%3.0%6.1%2.4%3.9%3.7%
Return on assets2.0%2.2%0.9%3.0%6.1%2.4%3.9%3.7%
Free cash flow yield75.9%80.6%100.6%81.6%31.6%51.1%46.0%49.8%
Earnings yield11.5%12.6%6.8%19.6%15.4%8.2%13.1%12.6%
Enterprise value$2B$1.8B$1.7B$1.6B$1.7B$1.1B$1.2B$928M
Net debt / EBITDA16.94×22.14×40.3×17.67×9×15.91×11.81×11.84×
Cash conversion cycle (days)1,00939102323