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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
-39.1%
$53.54
vs $87.92 price
Levered DCF
$88.99
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
3.81
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E122.97×46.44×66.62×62.95×53.38×46.74×24.09×23.08×
P/B2.21×2.35×4.05×6.77×7.06×4.85×2.9×2.76×
P/S2.01×2.42×3.51×2.93×2.97×2.1×1.12×1.02×
EV / EBITDA20.37×19.37×27×27.47×28.2×20.98×13.19×11.13×
Gross margin32.6%32.1%32.3%29.6%28.5%26.6%24.5%24.5%
Operating margin4.0%6.4%7.6%7.0%6.9%6.4%6.3%6.4%
Net margin1.6%5.2%5.3%4.6%5.6%4.5%4.7%4.4%
Current ratio2.33×2.29×3.14×2.39×2.15×1.95×2.32×2.03×
Debt / equity0.43×0.2×0.1×0.65×0.67×0.37×0.55×0.35×
Interest coverage2.51×22.4×10.78×6.72×17.46×10.15×9.69×10.29×
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 equity1.8%5.1%6.1%10.7%13.2%10.4%12.0%12.0%
Return on invested capital2.0%4.0%5.7%7.5%8.0%7.9%8.2%9.3%
Return on assets1.1%3.8%4.7%5.5%6.4%5.9%6.3%6.8%
Free cash flow yield2.9%3.8%2.1%1.1%1.2%4.7%2.6%3.4%
Earnings yield0.8%2.2%1.5%1.6%1.9%2.1%4.2%4.3%
Enterprise value$789.6M$730.2M$913M$737.9M$664.5M$391.3M$230.9M$184.6M
Net debt / EBITDA3.2×1.49×0.06×2.34×2.39×1.45×2.09×1.22×
Cash conversion cycle (days)6669807468717464