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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
-151.3%
-$33.26
vs $64.77 price
Levered DCF
$100.29
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
2.35
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/E22.6×-142.13×-7.61×-5.43×15.91×21.97×12.27×69.77×
P/B-9.18×-12.61×-10.83×16.06×8.05×12.22×7.81×12.32×
P/S0.96×1.39×0.81×0.6×1.66×2.06×1.79×1.66×
EV / EBITDA13.22×34.16×-31.57×-16.59×12.36×14.87×9.43×22.39×
Gross margin30.6%23.9%18.5%22.2%29.8%32.6%32.3%32.5%
Operating margin10.5%5.9%-4.9%-11.1%14.7%14.2%21.9%7.5%
Net margin4.3%-1.0%-10.7%-11.1%10.4%9.4%14.6%2.4%
Current ratio1.27×1.31×1.81×2.06×1.77×1.28×1.68×1.45×
Debt / equity-6.66×-6.45×-10.87×22.14×2.56×2.41×2.28×5.61×
Interest coverage2.78×1.31×-0.98×-3.67×9.16×6.64×6.79×2.3×
Dividend yield4.7%3.1%5.2%7.0%1.8%4.8%2.2%2.7%
Payout ratio106.3%-433.5%-39.2%-38.0%27.9%106.1%27.0%188.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-40.6%8.9%142.2%-296.2%50.6%55.6%63.7%17.7%
Return on invested capital11.0%9.3%-5.3%-9.6%14.6%17.4%20.5%7.7%
Return on assets5.3%-1.2%-11.1%-10.2%10.7%11.5%15.2%2.1%
Free cash flow yield8.3%11.8%15.1%-10.2%2.0%5.8%3.3%6.2%
Earnings yield4.4%-0.7%-13.1%-18.4%6.3%4.5%8.2%1.4%
Enterprise value$5.6B$7.4B$5.8B$5.6B$10.5B$10.2B$7.3B$6.4B
Net debt / EBITDA5.51×11.34×-15.73×-9.51×2.77×2.43×2.11×6.92×
Cash conversion cycle (days)7663108138907291110