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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
-148.9%
-$39.40
vs $80.64 price
Levered DCF
$62.82
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
2.14
Grey zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E43.8×-7.73×-2.76×-2.01×4.7×4.3×-1.79×9.56×
P/B2.9×1.12×0.37×0.27×0.38×0.42×0.45×0.44×
P/S0.64×0.29×0.12×0.1×0.14×0.12×0.15×0.18×
EV / EBITDA10.45×-38.72×-18.34×-8.03×4.12×3.77×-4.35×5.93×
Gross margin11.7%4.6%3.6%0.8%10.0%9.1%5.4%10.2%
Operating margin4.2%-2.4%-3.0%-5.4%4.9%4.9%-8.2%4.3%
Net margin1.5%-3.8%-4.4%-5.5%2.0%2.0%-8.7%1.9%
Current ratio1.27×1.41×1.66×1.87×2.17×1.8×1.66×1.99×
Debt / equity0.39×0.47×0.7×0.66×0.6×0.66×0.58×0.42×
Interest coverage4.22×-1.16×-1.35×-3.01×3.36×3.44×-5.41×3.02×
Dividend yield0.1%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio3.9%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity6.6%-14.4%-13.3%-14.5%5.6%7.0%-26.9%4.6%
Return on invested capital8.3%-3.8%-3.3%-5.6%6.4%8.0%-12.4%5.0%
Return on assets1.6%-3.9%-3.9%-4.6%1.9%2.1%-8.6%1.9%
Free cash flow yield16.1%36.8%54.2%38.0%-29.6%18.0%8.1%-7.0%
Earnings yield2.3%-12.9%-36.3%-54.2%14.6%16.5%-60.0%10.5%
Enterprise value$3.2B$1.3B$991M$1.1B$1.4B$1.3B$1.3B$1.4B
Net debt / EBITDA-0.97×-2.28×-9.61×-5.17×2.29×1.88×-2.17×2.65×
Cash conversion cycle (days)104133194230198143175166