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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
+396.9%
$14.64
vs $2.95 price
Levered DCF
$3.21
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
—
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E6.14×6.55×8×8.17×9.2×9.65×6.61×5.08×
P/B4.41×6.84×9.15×11.72×4.98×1.99×1.24×0.88×
P/S5.32×5.97×7.44×7.47×8.57×7.54×6.22×4.74×
EV / EBITDA5.93×6.41×7.95×7.42×8.54×9.71×6.19×5.05×
Gross margin96.7%100.0%100.0%100.0%100.0%100.0%0.0%100.0%
Operating margin85.8%91.1%92.4%91.9%93.2%76.4%93.3%93.3%
Net margin85.8%91.1%92.4%91.9%93.2%76.4%93.3%93.3%
Current ratio0×0×0×0×0×0×0×0×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield16.1%15.3%12.4%12.3%10.9%10.1%15.0%19.7%
Payout ratio100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity71.1%104.5%113.8%144.0%54.2%20.1%18.7%17.2%
Return on invested capital71.1%104.5%113.8%144.0%54.2%20.1%18.7%17.2%
Return on assets71.1%104.5%113.8%144.0%54.2%20.1%18.7%17.2%
Free cash flow yield0.0%0.0%11931.2%0.0%0.0%15974.0%0.0%0.0%
Earnings yield16.1%15.3%12.4%12.3%10.9%10.1%15.0%19.7%
Enterprise value$43.9M$79.5M$121M$175M$79.4M$37.1M$78.4M$61M
Net debt / EBITDA-0.27×-0.14×-0.09×-0.05×-0.03×-0.16×-0.03×-0.03×
Cash conversion cycle (days)00000000