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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
-112.9%
-$4.84
vs $37.41 price
Levered DCF
-$18.66
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
7.16
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E32.13×23.78×19.52×-26.5×-14.34×-12.24×55.63×-12.3×
P/B3.06×2.38×1×0.62×0.73×0.5×0.53×0.64×
P/S3.03×1.75×0.8×0.56×0.72×0.53×0.46×0.58×
EV / EBITDA20.17×15.94×9.42×23.42×106.04×126.66×4.63×-24.39×
Gross margin24.8%21.7%19.7%18.8%14.5%11.2%15.7%9.0%
Operating margin10.3%8.2%5.3%-2.1%-5.2%-5.1%2.7%-6.0%
Net margin9.4%7.3%4.1%-1.8%-4.6%-4.4%0.8%-4.7%
Current ratio4.89×2.97×2.4×2.59×2.93×3.15×4.04×5.28×
Debt / equity0.1×0.18×0.33×0.39×0.21×0.19×0.08×0×
Interest coverage18.23×8.49×3.61×-1.97×-5.91×-3.82×2.05×-3.62×
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 equity9.5%10.0%5.2%-2.1%-4.6%-4.1%0.9%-5.2%
Return on invested capital8.3%9.3%4.4%-1.7%-3.7%-2.7%1.9%-4.7%
Return on assets7.4%6.8%3.2%-1.2%-3.2%-2.8%0.7%-4.3%
Free cash flow yield0.7%-4.1%-3.7%-44.6%-31.7%10.1%0.0%-4.1%
Earnings yield3.1%4.2%5.1%-3.3%-6.4%-8.2%1.8%-8.2%
Enterprise value$505.7M$278.7M$104.9M$69.3M$59M$31.4M$35.9M$37.7M
Net debt / EBITDA-1.34×0.72×1.25×7.47×5.33×-35.44×-1.15×10.31×
Cash conversion cycle (days)239244229256240213216206