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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
-21.8%
$30.24
vs $38.66 price
Levered DCF
$35.96
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
6.14
Safe zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-325.88×-304.88×-90.35×-88.46×-0.52×-4.74×-4×
P/B25.6×11.83×26,229.74×86.58×-0.45×-0.61×0×
P/S2.52×1.31×1.83×1.05×1.98×5.64×5.19×
EV / EBITDA-519.21×-169.73×-51.44×-19.13×-18.37×-22.57×0×
Gross margin18.8%15.6%17.8%16.8%4.1%-20.6%-19.9%
Operating margin-4.1%-6.5%-19.0%-23.7%-48.6%-119.9%-105.7%
Net margin-0.8%-0.8%-2.0%-13.3%-48.6%-118.9%-104.2%
Current ratio1.09×1.33×0.97×1.16×0.77×1.44×0×
Debt / equity0.14×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-7.7%-6.8%-29104.9%-1099.6%11.0%13.0%0.0%
Return on invested capital-13.3%-20.8%-864.8%-129.6%216.8%-140.7%0.0%
Return on assets-0.7%-0.9%-2.3%-12.5%-43.6%-48.7%0.0%
Free cash flow yield13.9%-4.4%9.7%-26.7%19.6%-24.9%2.5%
Earnings yield-0.3%-0.6%-1.1%-12.7%-24.6%-21.1%-20.1%
Enterprise value$25.2B$10.2B$9.8B$2.5B$2.2B$2.4B$0
Net debt / EBITDA25×12.16×1.36×2.66×1.33×0.56×0×
Cash conversion cycle (days)35696982100440