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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
-271.8%
-$136.77
vs $79.60 price
Levered DCF
-$102.05
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
3.2
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-41.88×-7.34×-23.27×-20.43×-23×-27.01×-43.75×
P/B20.94×97.15×-4.49×-6.06×-8.47×-13.33×-25.42×
P/S8.09×7.89×11.67×21.32×26.52×36.37×104.23×
EV / EBITDA-92.93×-9.17×-48.96×-29.42×-30.97×-38.82×-62.5×
Gross margin62.7%55.0%53.8%40.6%32.4%15.3%25.9%
Operating margin-19.9%-99.7%-36.9%-82.8%-94.5%-102.9%-193.0%
Net margin-19.3%-101.8%-40.3%-90.4%-100.5%-111.6%-185.2%
Current ratio3.13×2.29×1.51×2.52×3.52×6.41×6.32×
Debt / equity2.7×8.31×-0.35×-0.38×-0.3×-0.49×-0.01×
Interest coverage-3.6×-12.88×-4.18×-12.12×-16.05×-10.22×-4,277.89×
Dividend yield0.0%0.1%0.1%0.1%0.1%0.1%0.1%
Payout ratio0.0%-0.8%-2.6%-1.9%-2.2%-2.7%-4.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-49.9%-1252.8%15.5%25.7%32.1%40.9%45.2%
Return on invested capital-10.9%-107.7%-58.0%-57.3%-58.4%-29.7%-36.6%
Return on assets-10.8%-76.2%-38.0%-45.9%-48.8%-27.9%-31.1%
Free cash flow yield-2.4%-3.9%-4.0%-2.7%-3.3%-3.2%-2.1%
Earnings yield-2.4%-12.9%-3.5%-4.2%-3.8%-3.1%-1.8%
Enterprise value$11B$5.6B$6.5B$7B$6.8B$6.6B$6.2B
Net debt / EBITDA-6.1×-0.21×-2.42×-0.55×0.18×1.55×2.25×
Cash conversion cycle (days)6963275694133147