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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
+96.2%
$95.65
vs $48.76 price
Levered DCF
-$36.32
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
2.5
Grey zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-27.9×5.93×11.18×0.45×-4.53×-0.57×-2.17×-1.78×
P/B0.75×0.91×1.13×0.96×-0.71×-0.84×1.61×2.77×
P/S1.5×1.91×2.28×1.74×2.92×2.76×1.91×6.76×
EV / EBITDA9.77×4.96×6.62×0.43×-9.72×-2.22×91.37×44.68×
Gross margin12.0%21.2%38.4%30.0%-4.2%-33.6%-17.2%32.4%
Operating margin4.9%29.7%22.4%7.7%-17.2%-466.3%-21.3%-30.5%
Net margin-5.4%32.2%20.4%417.4%-64.7%-484.8%-87.8%-379.3%
Current ratio2.03×1.85×2.98×2.12×1.44×0.16×2.3×5.96×
Debt / equity0.21×0.21×0.2×0.3×-0.24×-1.94×3.89×2.48×
Interest coverage1.15×6.75×5.58×0.69×-1.43×-11.26×-0.7×-1.5×
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-2.7%15.3%10.1%229.6%15.8%148.4%-74.2%-155.5%
Return on invested capital2.0%11.3%8.1%3.0%-6.2%-145.5%-3.2%-3.5%
Return on assets-2.0%10.7%7.1%139.5%-15.1%-117.6%-13.1%-41.3%
Free cash flow yield-6.4%-2.6%5.5%-8.6%-6.9%-16.9%-11.5%-3.9%
Earnings yield-3.6%16.8%8.9%239.4%-22.2%-175.8%-46.0%-56.1%
Enterprise value$2.4B$2.8B$3.3B$1.7B$3.3B$8.2B$7.9B$13.6B
Net debt / EBITDA1.1×0.25×-0.18×0.01×-1.83×-1.51×60.91×18.4×
Cash conversion cycle (days)2426532254675664