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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
-57.3%
$19.13
vs $44.83 price
Levered DCF
-$21.08
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
0.19
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-7.02×-20.73×37.86×-80.9×8.5×16.72×5.54×11.11×
P/B-9.27×20.72×6.82×1.95×2.01×4.19×3.08×5.68×
P/S1.92×3.16×3.11×-22.23×1.21×1.33×1.49×2.85×
EV / EBITDA-4.61×-18.56×9.11×156.51×3.08×2.47×4.33×10.67×
Gross margin51.0%-7.6%53.6%-253.9%42.2%48.8%46.2%45.4%
Operating margin-51.3%-21.3%24.1%0.7%33.1%41.7%34.0%25.9%
Net margin-26.2%-15.3%8.2%27.2%14.2%8.0%0.0%0.0%
Current ratio1.49×1.01×0.98×0.88×0.74×1.79×2.11×1.96×
Debt / equity-3.16×2.13×0.83×0.28×0.16×0×0.66×1.25×
Interest coverage-55.31×-19.74×18.41×-0.12×406.43×44.59×14.88×6.47×
Dividend yield3.1%2.0%3.1%3.3%1.4%0.2%0.0%0.0%
Payout ratio-22.6%-42.2%117.9%-271.6%12.3%3.3%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity126.1%-100.1%17.9%-2.4%23.7%25.1%0.0%0.0%
Return on invested capital-18.6%-6.7%6.6%-0.0%21.3%44.0%36.7%20.1%
Return on assets-7.7%-3.9%1.5%-0.5%4.6%4.7%0.0%0.0%
Free cash flow yield1.7%1.6%6.4%9.7%12.9%14.2%9.8%6.6%
Earnings yield-13.6%-4.8%2.6%-1.2%11.8%6.0%0.0%0.0%
Enterprise value$4B$3.8B$2.3B$1.6B$1.7B$866.1M$718.5M$851.1M
Net debt / EBITDA-0.21×-0.46×0.34×8.94×0.03×-0.51×0.32×1.51×
Cash conversion cycle (days)380493617-7,026373391350372