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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
-143.8%
-$58.27
vs $132.91 price
Levered DCF
$10.36
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
20.05
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-21.65×-12.55×-5.63×-8.72×-33.96×-21.28×-6.09×-5.22×
P/B3.56×5.55×1.85×2.41×8.89×8.85×4.31×-1.85×
P/S4.47×8.38×4.7×9.33×39×33.04×12.06×14.65×
EV / EBITDA-31.43×-14.03×-5.51×-7.63×-33.07×-22.1×-6.17×-4.71×
Gross margin50.7%42.6%36.6%41.4%39.1%31.8%12.8%-26.6%
Operating margin-36.2%-70.6%-88.6%-115.3%-115.4%-155.5%-200.1%-277.5%
Net margin-20.6%-66.7%-83.5%-107.0%-114.9%-155.3%-198.0%-280.2%
Current ratio3.64×4.88×5.79×6.58×8.67×9.29×5.28×5.16×
Debt / equity0.29×0.18×0.15×0.12×0.11×0.11×0.05×-0.05×
Interest coverage0×-7,614.86×-43,431.8×-2,934.7×-416.15×-177.99×-84.12×-53.74×
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 equity-16.4%-44.2%-32.8%-27.6%-26.2%-41.6%-70.8%35.4%
Return on invested capital-24.1%-39.6%-30.2%-25.3%-23.2%-37.6%-68.0%-70.7%
Return on assets-12.1%-34.0%-26.4%-22.7%-21.7%-35.1%-57.6%-61.5%
Free cash flow yield-4.5%-2.6%-14.8%-11.9%-2.7%-5.1%-15.7%-18.8%
Earnings yield-4.6%-8.0%-17.8%-11.5%-2.9%-4.7%-16.4%-19.1%
Enterprise value$1.6B$2.5B$960.1M$1.6B$4.8B$2.9B$616.8M$301.5M
Net debt / EBITDA0.88×0.8×1.1×1.34×2.8×0.44×0.39×1.11×
Cash conversion cycle (days)89861081311551476361