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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
-19.2%
$5.86
vs $7.25 price
Levered DCF
$5.32
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
13.87
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.39×13.46×12.86×18.64×16.29×19.97×18.89×19.31×
P/B2.52×3.7×2.9×5.18×7.7×6.38×8.49×7.69×
P/S2.68×3.61×3.04×3.78×5.43×6.01×6.64×6.1×
EV / EBITDA9.83×10×7.4×9.46×12.46×17.22×16.01×14.46×
Gross margin47.7%53.0%49.7%52.8%58.7%55.6%58.4%58.8%
Operating margin21.3%29.9%26.3%31.8%40.7%33.1%39.7%40.5%
Net margin20.0%26.7%23.7%20.2%33.4%30.1%35.0%31.6%
Current ratio7.31×6.62×7.99×7.26×4.95×7.95×8.61×8.55×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×0×0×2.49×0×0×0×24.48×
Dividend yield9.8%6.3%1.4%6.5%6.9%5.4%5.6%5.7%
Payout ratio131.4%84.8%17.8%121.6%111.4%108.4%106.1%110.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity18.7%27.4%22.7%27.7%47.4%31.9%44.8%39.8%
Return on invested capital15.6%24.3%20.0%34.7%45.3%27.5%38.7%39.7%
Return on assets16.1%23.6%20.0%24.1%38.1%27.7%38.5%34.7%
Free cash flow yield6.7%6.9%9.0%5.1%6.9%5.4%4.8%5.8%
Earnings yield7.4%7.4%7.8%5.4%6.2%5.0%5.3%5.2%
Enterprise value$27M$42M$24.8M$47.1M$75M$65.5M$89.2M$83.5M
Net debt / EBITDA-0.45×-0.45×-2.46×-0.17×-0.09×-0.16×-0.19×-0.1×
Cash conversion cycle (days)123108125141111150130128