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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
+3583.2%
$181.95
vs $4.94 price
Levered DCF
-$53.56
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.49
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E1.06×14.28×-16.55×-138.4×26.75×-3.38×205.73×368.9×
P/B3.48×-0.53×-0.54×-0.5×-1.6×-1.12×-0.98×-1.84×
P/S0.59×1.12×1.17×1.01×3.1×2.24×1.46×2.71×
EV / EBITDA4.6×8×7.77×9.93×10.07×9.67×8.61×9.8×
Gross margin36.9%100.0%86.3%100.0%86.0%79.1%80.7%84.8%
Operating margin21.2%52.0%77.4%52.4%76.8%69.2%71.0%76.5%
Net margin58.4%8.0%-7.1%-0.7%11.2%-66.2%1.0%1.6%
Current ratio0.74×0.2×0.13×0.09×0.09×0.14×0.16×0.21×
Debt / equity26.35×-2.4×-2.26×-2.32×-2.43×-2.26×-3.24×-3.27×
Interest coverage0.79×1.24×1.84×1.57×1.89×1.49×1.93×2.44×
Dividend yield0.0%8.3%8.0%14.3%4.2%5.7%9.0%15.4%
Payout ratio0.0%116.1%-131.4%-1983.1%114.3%-19.2%1311.0%2632.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity343.1%-3.8%3.3%0.4%-5.8%33.0%-0.7%-1.1%
Return on invested capital4.3%17.0%14.7%6.0%26.1%24.2%14.4%21.4%
Return on assets10.8%1.8%-1.6%-0.2%2.6%-14.9%0.2%0.4%
Free cash flow yield-34.7%0.9%-4.7%2.8%3.3%-6.7%17.3%1.8%
Earnings yield98.5%7.1%-6.1%-0.7%3.6%-29.6%0.7%0.6%
Enterprise value$11.2B$7B$6.9B$6.4B$8.5B$7.1B$6.5B$7.6B
Net debt / EBITDA4.06×6.51×6.25×8.14×6.04×6.43×6.56×6.25×
Cash conversion cycle (days)2650-23336-179-213-379-237