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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
+1434.4%
$25.62
vs $1.67 price
Levered DCF
$2.47
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
-0.44
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/E1.01×-5×-2.82×-4.41×-2.98×-2.73×38.69×17.59×
P/B-0.51×-0.87×-1.1×-2.28×-5.42×12.53×6.55×6.16×
P/S0.19×0.46×0.52×0.79×1.63×2.61×1.55×1.54×
EV / EBITDA13.38×16.15×55.97×106.81×-15.8×-9.54×11.82×9.24×
Gross margin56.4%30.0%23.4%15.8%-3.3%-30.1%24.2%27.8%
Operating margin12.7%9.4%1.6%-10.3%-39.4%-74.1%9.1%14.5%
Net margin18.9%-9.2%-18.1%-17.2%-55.0%-96.1%4.0%8.7%
Current ratio1.07×1.02×1.27×1.67×1.96×3.04×1.09×1.17×
Debt / equity-4.24×-3.16×-3.52×-5.44×-9.5×17.41×3.61×3.52×
Interest coverage0.79×0.56×0.11×-0.88×-2.58×-4.38×2.32×3.58×
Dividend yield0.0%0.0%1.1%1.1%0.8%1.3%2.5%2.6%
Payout ratio0.0%0.0%-3.0%-4.9%-2.3%-3.5%96.8%45.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-49.9%17.2%38.0%49.2%182.4%-461.1%16.9%34.9%
Return on invested capital9.9%7.6%1.3%-6.3%-14.2%-17.7%6.3%9.9%
Return on assets11.7%-6.0%-11.3%-8.8%-17.5%-21.1%2.8%5.8%
Free cash flow yield-40.1%-1.0%-2.0%-17.2%-17.1%-24.1%7.5%7.4%
Earnings yield98.5%-19.9%-34.6%-21.6%-33.7%-36.8%2.6%5.7%
Enterprise value$4.2B$5.8B$5.8B$6B$6.6B$6.8B$9.1B$8.9B
Net debt / EBITDA11.68×12.25×41.17×71.13×-9.21×-4.67×3.84×3.02×
Cash conversion cycle (days)-38-192638543126