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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
+383.6%
$71.84
vs $14.86 price
Levered DCF
$57.28
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.02
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/E42.22×98.12×-23.21×-15.95×-44.41×-46.47×-50.93×-25.97×
P/B6.36×142.21×-29.36×-16.57×-51.63×64.32×32.82×16.52×
P/S1.14×2.98×4.46×2.9×12.15×11.18×8.35×5.91×
EV / EBITDA20.52×32.91×-109.36×-38.37×-82.31×-97.65×-120.2×-38.86×
Gross margin70.3%70.3%70.2%68.7%68.4%70.5%72.1%70.9%
Operating margin1.3%4.2%-10.4%-16.3%-22.4%-18.0%-14.1%-21.7%
Net margin2.7%3.0%-19.2%-18.2%-27.3%-24.0%-16.5%-22.8%
Current ratio1.2×1.25×1.11×0.96×0.92×1.34×1.27×1.51×
Debt / equity6.65×57.49×-8.67×-7.61×-7.24×6.49×3.18×2×
Interest coverage1.11×3.2×-1.25×-10.16×-8.4×-3.07×-3.44×-10.75×
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 equity15.1%144.1%126.3%103.9%116.1%-138.2%-64.7%-63.6%
Return on invested capital0.8%2.0%-8.5%-13.3%-14.3%-13.0%-11.9%-16.4%
Return on assets1.4%1.5%-9.9%-9.2%-11.3%-10.8%-8.1%-9.9%
Free cash flow yield14.7%6.7%2.9%2.9%0.7%-0.2%-1.1%-0.5%
Earnings yield2.4%1.0%-4.3%-6.3%-2.2%-2.1%-2.0%-3.9%
Enterprise value$1.8B$3.2B$4.3B$2.7B$7.3B$4.9B$2.9B$1.5B
Net debt / EBITDA9.08×7.02×-20.72×-10.06×-8.49×-5.8×-5.91×-1.92×
Cash conversion cycle (days)55455264928771139