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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
+186.4%
$48.13
vs $16.81 price
Levered DCF
$27.81
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.48
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.91×-22.58×9.12×4.08×-4.38×-1.2×27.92×3.39×
P/B0.89×0.62×0.79×1.34×1.05×0.6×1.52×0.75×
P/S1.08×0.86×1.17×0.94×0.64×0.97×1.8×0.84×
EV / EBITDA3.79×2.26×2.73×2.19×4.25×18.32×4.59×1.87×
Gross margin2.9%19.4%27.6%56.0%45.1%-6.3%34.9%51.0%
Operating margin-5.9%8.8%14.4%44.6%30.1%-73.2%23.5%28.4%
Net margin-27.9%-3.9%12.8%23.1%-14.7%-80.8%6.5%24.9%
Current ratio1.3×0.91×0.73×0.61×0.57×0.55×0.79×1.1×
Debt / equity0.57×0.45×0.55×0.52×1.29×1.09×0.7×0.65×
Interest coverage-0.65×0.92×1.21×5.87×2.81×-4.24×2.18×2.81×
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 equity-22.9%-2.8%8.7%32.8%-24.1%-50.2%5.4%22.0%
Return on invested capital-1.8%3.2%4.9%29.8%17.1%-17.6%9.6%11.9%
Return on assets-8.9%-1.2%3.9%12.5%-6.6%-16.4%2.3%8.9%
Free cash flow yield23.5%26.6%-2.5%24.8%14.7%-10.9%-4.3%3.0%
Earnings yield-25.7%-4.5%11.0%24.5%-22.8%-83.5%3.6%29.5%
Enterprise value$2.8B$2.8B$2.9B$2.1B$1.7B$1.5B$2.3B$1.3B
Net debt / EBITDA1.19×0.9×1.11×0.58×2.26×11.64×1.33×0.76×
Cash conversion cycle (days)474840-1819488117