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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
-65.2%
$19.89
vs $57.08 price
Levered DCF
$170.08
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.3
Distress zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E8.11×11.61×-17.05×46.37×7.22×-5.58×74.12×50.41×
P/B1.02×0.92×0.69×0.94×0.66×0.76×1.21×1.56×
P/S0.69×0.58×0.46×0.7×0.55×0.58×0.92×1.28×
EV / EBITDA5.58×6.68×-17.57×28.17×4.69×-3.62×34.86×-332.53×
Gross margin44.9%18.0%7.6%13.9%19.0%-0.1%12.8%13.2%
Operating margin10.7%6.2%-3.6%1.2%9.2%-15.7%1.4%-0.8%
Net margin8.5%4.9%-2.7%1.5%7.6%-10.5%1.2%2.6%
Current ratio0.8×0×3.97×0.32×0.3×0×3.43×0.3×
Debt / equity0.16×0.15×0.07×0.07×0.06×0.06×0×0×
Interest coverage13.13×10.58×-12.18×3.79×30.39×0×0×0×
Dividend yield1.7%2.3%3.2%2.3%2.6%4.5%3.0%7.6%
Payout ratio13.8%26.2%-54.4%105.5%18.7%-25.3%220.4%381.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity12.6%7.9%-4.0%2.0%9.2%-13.7%1.6%3.1%
Return on invested capital9.4%1.0%-5.1%-1.4%8.7%0.0%3.1%-0.3%
Return on assets3.1%1.8%-0.9%0.5%2.7%-3.7%0.5%1.0%
Free cash flow yield27.5%45.6%31.7%-0.5%2.7%3.6%5.6%5.6%
Earnings yield12.3%8.6%-5.8%2.2%13.9%-17.9%1.3%2.0%
Enterprise value$948.9M$636.5M$456M$646.1M$499.8M$590.2M$978.6M$1.3B
Net debt / EBITDA-0.06×-0.88×2.01×-2.03×-0.77×0.23×-4.3×16.21×
Cash conversion cycle (days)199203154135165184109117