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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
-44.3%
$10.29
vs $18.46 price
Levered DCF
$11.56
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
2.28
Grey zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-7.02×-10.19×15.66×27.82×64.95×-8.3×69.61×38.23×
P/B1.05×0.91×1.33×1.58×2.32×1.06×2.44×2.48×
P/S0.59×0.6×0.85×0.98×1.37×0.65×1.4×1.37×
EV / EBITDA214.63×12.53×11.35×10.38×13.76×-99.29×17.35×15.56×
Gross margin34.4%31.7%32.5%33.0%33.2%25.8%32.9%32.8%
Operating margin-3.3%4.0%8.6%10.3%9.1%-4.6%1.1%5.8%
Net margin-8.3%-5.9%5.3%3.5%2.1%-7.8%2.0%3.6%
Current ratio3.43×3.32×4.04×3.52×3.33×3.25×2.51×3×
Debt / equity0.85×0.88×0.83×0.82×0.95×1.07×0.89×0.91×
Interest coverage-0.78×1.03×2.63×2.15×1.71×-1.07×0.39×2.05×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-14.9%-8.9%8.3%5.7%3.6%-12.8%3.5%6.5%
Return on invested capital-3.0%-28.3%7.1%6.0%4.7%-2.7%0.7%5.2%
Return on assets-6.3%-3.9%3.8%2.6%1.5%-5.1%1.5%2.8%
Free cash flow yield3.8%4.2%11.6%-0.5%6.9%-2.1%4.8%6.1%
Earnings yield-14.2%-9.8%6.3%3.6%1.5%-12.1%1.4%2.6%
Enterprise value$751.2M$788M$1.1B$1.2B$1.4B$863.9M$1.5B$1.4B
Net debt / EBITDA73.4×4.8×3.35×3.03×3.01×-44.13×4.35×3.77×
Cash conversion cycle (days)219206196216180194200191