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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
-38.8%
$41.00
vs $66.97 price
Levered DCF
$19.08
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
3.63
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E44.25×11.51×42.22×27.93×44.48×42.8×20.34×29.12×
P/B3.19×3.02×2.93×3.1×5.56×4.65×3.35×3.08×
P/S5.18×4.7×3.47×3.42×5.99×5.31×3.2×2.65×
EV / EBITDA25.18×7.78×21.01×18.63×28.11×27.08×19.27×17.7×
Gross margin68.3%65.1%61.4%57.3%55.6%55.8%54.6%54.1%
Operating margin16.9%12.5%11.8%13.9%15.3%13.3%11.5%10.3%
Net margin11.8%40.8%8.2%12.2%13.5%12.4%15.8%9.1%
Current ratio1.09×1.27×1×1.04×1.22×0.98×1.02×1.03×
Debt / equity0.24×0.27×0.71×0.4×0.37×0.46×0.63×0.74×
Interest coverage8.17×5.08×2.79×7.19×8.58×5.41×4.56×4.38×
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 equity7.3%26.2%6.9%11.1%12.5%10.8%16.5%10.6%
Return on invested capital6.5%4.5%4.7%6.6%8.1%7.1%6.6%6.4%
Return on assets4.6%15.9%3.3%6.2%6.9%5.7%7.7%4.9%
Free cash flow yield0.7%2.9%4.2%2.8%3.2%3.7%4.9%5.1%
Earnings yield2.3%8.7%2.4%3.6%2.2%2.3%4.9%3.4%
Enterprise value$19.7B$18.1B$16.1B$13.9B$23B$18.1B$12.2B$10B
Net debt / EBITDA1.45×0.34×3.85×1.81×1.37×2.12×2.79×3.17×
Cash conversion cycle (days)93818511797113106103