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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
+1554.2%
$109.51
vs $6.62 price
Levered DCF
$9.54
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.56
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/E8.9×10.9×7.35×4.81×4.76×-1.92×2.91×-7.61×
P/B0.41×0.71×0.7×0.49×0.46×0.56×0.76×0.71×
P/S2.3×2.87×2.64×2.36×3.29×5.15×12.77×8.27×
EV / EBITDA10.86×10.6×9.26×11.47×15.81×-0.08×3.98×-10.98×
Gross margin80.5%80.6%86.4%88.4%86.6%86.1%78.2%81.9%
Operating margin76.3%74.0%82.8%81.1%77.9%-248.9%439.5%-134.1%
Net margin26.2%26.6%36.2%49.4%69.0%-266.1%439.5%-134.1%
Current ratio0.27×0.29×0.51×0.49×0.17×0×0×0×
Debt / equity1.48×1.55×1.68×1.74×1.32×0×0.32×0.41×
Interest coverage1.52×1.56×1.77×2.58×12.35×-43.13×24.7×-8.56×
Dividend yield13.9%10.8%10.9%11.1%3.9%6.3%6.8%9.1%
Payout ratio122.0%116.6%79.5%53.0%18.6%-12.1%19.9%-56.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity4.7%6.6%9.6%10.2%9.6%-28.9%26.1%-11.6%
Return on invested capital5.5%7.1%8.1%6.1%4.6%-26.6%19.7%-8.2%
Return on assets1.9%2.6%3.5%3.7%4.1%-28.4%19.7%-8.2%
Free cash flow yield11.1%10.5%10.7%9.6%-3.5%-80.6%2.4%9.1%
Earnings yield11.4%9.3%13.7%20.9%21.0%-51.7%34.4%-16.2%
Enterprise value$499.8M$539.5M$555.8M$532.6M$430.7M$4.2M$294.1M$241.7M
Net debt / EBITDA7.91×6.82×6.1×8.63×11.5×1.99×1.19×-4×
Cash conversion cycle (days)20161801525850