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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
-212.0%
-$29.34
vs $26.19 price
Levered DCF
-$27.53
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.98
Grey zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-12.68×-7.51×62.81×-8.9×-24.36×-179.95×-69.85×-48.54×
P/B3.61×3.33×4.68×2.97×4.41×7.62×-19.41×-19.4×
P/S5.13×6.75×11.86×7.35×17.83×43.97×21.18×20.83×
EV / EBITDA-12.38×-7.64×52.45×-9.37×-24.69×-79.68×-51.33×-52.26×
Gross margin55.7%63.6%64.9%55.8%47.6%58.7%57.4%64.4%
Operating margin-65.2%-100.8%-81.9%-81.1%-80.8%-56.4%-45.3%-42.0%
Net margin-40.4%-90.2%18.8%-82.4%-72.8%-22.6%-28.7%-42.7%
Current ratio2.75×3.31×4.25×4.91×6.85×9.33×2.63×3.88×
Debt / equity0.3×0.28×0.23×0.26×0.14×0.02×-0.16×0×
Interest coverage0×0×0×-48,939×0×0×0×0×
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 equity-28.4%-44.4%7.4%-33.3%-18.0%-3.9%26.3%39.7%
Return on invested capital-30.2%-32.3%-24.5%-24.9%-16.7%-9.0%-33.0%-29.8%
Return on assets-14.2%-22.7%5.1%-21.7%-13.3%-3.3%-15.8%-23.5%
Free cash flow yield0.9%-11.7%-5.8%-9.6%-3.2%0.3%-1.5%-2.1%
Earnings yield-7.9%-13.3%1.6%-11.2%-4.1%-0.5%-1.4%-2.0%
Enterprise value$1.2B$1.4B$2.5B$1.4B$2.4B$4.6B$1.8B$1.3B
Net debt / EBITDA1.26×0.16×-0.57×-0.18×0.41×3.33×0.33×3.1×
Cash conversion cycle (days)112397699667517556