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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
+8698.3%
$816.48
vs $9.28 price
Levered DCF
$423.73
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
0.52
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/E6.6×10.51×12.95×5.38×4.45×2.69×8.35×3.73×
P/B0.52×0.79×0.6×0.47×0.59×0.57×0.47×0.47×
P/S0.62×32.61×19.82×14.3×18.8×0×0×0×
EV / EBITDA3.81×4.95×5.52×2.99×3.74×3.51×5.4×2.88×
Gross margin70.7%48.1%49.0%19.0%24.1%0.0%0.0%0.0%
Operating margin12.0%416.3%170.7%355.6%551.9%0.0%0.0%0.0%
Net margin9.3%323.9%151.8%265.8%421.1%0.0%0.0%0.0%
Current ratio6.4×17.88×50.49×7.48×2.47×1.67×2.39×1×
Debt / equity0.24×0.32×0.34×0.55×0.84×1.13×1.11×1.09×
Interest coverage9.16×8.02×3.35×4.39×7.27×8.33×1.89×3.76×
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 equity7.8%7.8%4.6%8.8%13.2%21.1%5.5%12.6%
Return on invested capital2.1%1.8%1.0%1.8%2.6%3.6%0.9%2.1%
Return on assets2.1%1.8%1.0%1.8%2.6%3.6%0.8%2.1%
Free cash flow yield20.7%20.5%27.9%93.2%79.0%-87.7%-84.6%7.1%
Earnings yield15.2%9.9%7.7%18.6%22.4%37.1%11.9%26.7%
Enterprise value$208.3M$233.4M$167.8M$179.1M$296.4M$341.3M$181.4M$126.4M
Net debt / EBITDA-0.07×-0.72×-0.7×0.68×1.51×1.97×2.68×1.03×
Cash conversion cycle (days)121,0719341,397769-380-250-151