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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
-48.7%
$30.20
vs $58.89 price
Levered DCF
$19.81
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
17.24
Safe zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E19.51×12.27×19×10.36×14.53×39.83×12.29×15.18×
P/B2.29×1.86×3.33×1.3×0.75×1.02×0.94×1.06×
P/S4.01×2.5×3.83×1.62×1.05×1.85×1.31×1.14×
EV / EBITDA17.93×8.97×13.31×6.85×2.56×56.98×5.16×8.08×
Gross margin44.1%46.4%46.7%40.0%31.2%14.1%32.5%26.9%
Operating margin17.6%20.8%21.3%16.9%8.0%-10.4%11.6%8.9%
Net margin20.6%20.3%20.2%15.6%7.3%4.7%10.7%7.6%
Current ratio12.76×5.88×4.12×5.7×6.37×6.64×6.22×6.31×
Debt / equity0×0×0×0×0×0×0.04×0×
Interest coverage0×0×0×0×0×0×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity11.8%15.2%17.6%12.6%5.2%2.6%7.7%7.0%
Return on invested capital9.6%13.2%15.2%11.4%5.0%-5.8%7.1%6.9%
Return on assets11.0%13.1%14.3%10.9%4.5%2.3%6.7%6.2%
Free cash flow yield2.9%4.2%6.9%6.7%5.9%13.0%23.1%5.7%
Earnings yield5.1%8.1%5.3%9.7%6.9%2.5%8.1%6.6%
Enterprise value$166.2M$114.4M$167.9M$61.5M$10M$21.1M$23.5M$33.4M
Net debt / EBITDA-0.1×-0.09×-0.22×-0.4×-5.77×-55.51×-3.01×-1.23×
Cash conversion cycle (days)214189172152168168264286