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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
-61.8%
$16.06
vs $42.06 price
Levered DCF
$28.34
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
2.63
Grey zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E158.52×32.24×-1,461.87×20.19×26.82×50.71×30.61×12.63×
P/B1.75×1.43×1.91×2.02×3.15×3.07×3.37×2.9×
P/S1.32×1.05×1.4×1.54×2.56×2.73×2.53×2.16×
EV / EBITDA13.67×14.85×17.05×10.89×14.48×17.7×13.88×10.91×
Gross margin27.1%25.1%26.6%29.5%29.2%26.4%29.7%31.5%
Operating margin13.9%10.9%13.6%15.8%16.2%12.4%17.1%18.6%
Net margin0.8%3.3%-0.1%7.6%9.5%5.4%8.3%17.1%
Current ratio2.57×2.85×2.55×2.35×3.68×1.99×3.1×3×
Debt / equity1.05×1.13×1.15×1.38×1.39×1.5×1.29×1.25×
Interest coverage3.45×2.74×3.04×3.6×3.44×2.18×3.7×4.23×
Dividend yield1.4%1.8%1.3%0.8%0.0%0.0%0.0%0.0%
Payout ratio224.9%56.2%-1830.2%16.4%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity1.1%4.4%-0.1%10.0%11.7%6.1%11.0%23.0%
Return on invested capital2.2%-72.0%-1.8%6.4%7.0%5.2%6.8%10.5%
Return on assets0.5%1.8%-0.1%3.5%4.2%2.1%4.1%8.8%
Free cash flow yield10.1%9.5%4.8%5.0%4.2%5.5%5.3%6.1%
Earnings yield0.6%3.1%-0.1%5.0%3.7%2.0%3.3%7.9%
Enterprise value$7.2B$6.8B$8.6B$9.3B$12.3B$10.5B$11.2B$10.1B
Net debt / EBITDA4.44×5.83×5.78×3.57×3.03×3.7×3.14×2.74×
Cash conversion cycle (days)9292958180797978