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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
-84.7%
$18.12
vs $118.56 price
Levered DCF
-$28.03
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.19
Distress 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-6.53×14.58×12.2×13.9×146.94×-20.63×41.54×42.99×
P/B1.01×1.3×1.3×2.18×2.42×2.14×1.9×0.68×
P/S0.4×0.64×0.66×1.17×1.85×1.97×1.35×0.8×
EV / EBITDA370.18×13.37×11.79×11.95×25.96×-142.63×19.48×15.87×
Gross margin15.1%37.3%38.5%42.6%37.4%24.1%39.2%37.1%
Operating margin11.0%11.0%12.4%17.1%11.9%0.0%13.2%10.5%
Net margin-6.1%4.4%5.4%8.4%1.3%-9.5%3.2%1.9%
Current ratio17.74×3.14×3.05×3.03×3.04×5.4×4.59×3.37×
Debt / equity2.89×2.14×2.16×2.01×1.51×1.66×1.41×1.1×
Interest coverage3.28×3.38×4.05×6.75×2.82×0×4.27×5.8×
Dividend yield5.5%3.4%3.4%1.8%0.3%0.8%1.4%2.2%
Payout ratio-35.7%49.1%41.7%25.3%46.9%-16.4%58.7%92.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-15.5%8.9%10.7%15.7%1.6%-10.4%4.6%1.6%
Return on invested capital5.7%4.6%4.4%6.4%2.3%0.0%4.3%2.0%
Return on assets-3.2%2.2%2.6%4.1%0.5%-3.1%1.5%0.6%
Free cash flow yield-1.4%4.7%3.7%8.4%4.1%4.5%5.9%2.4%
Earnings yield-15.3%6.9%8.2%7.2%0.7%-4.8%2.4%2.3%
Enterprise value$7B$8.2B$8B$9.9B$11.3B$9.6B$9.7B$6B
Net debt / EBITDA264.21×8.19×7.22×5.41×9.49×-57.94×7.98×9.57×
Cash conversion cycle (days)187254245237286118100400