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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
+148.0%
$224.00
vs $90.31 price
Levered DCF
$140.98
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
2.53
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/E13.13×10.34×16.9×137.62×-4.31×-0.22×0.54×-8.69×
P/B3.33×4.07×7.62×6.76×4.11×0.46×0.68×-6.66×
P/S1.15×0.95×1.37×0.83×0.53×0.11×0.39×4.25×
EV / EBITDA6.56×4.92×8.03×7.34×10.1×-2.04×0.82×-20.05×
Gross margin21.7%34.6%33.9%30.3%25.5%23.8%22.2%21.4%
Operating margin15.4%17.0%16.0%9.5%3.2%-40.3%-23.9%-36.3%
Net margin8.8%9.2%8.1%0.6%-12.3%-52.1%73.9%-48.9%
Current ratio2.19×2.01×1.79×2.07×2.19×2.33×2.07×1.5×
Debt / equity1.03×1.39×2.23×4.5×5.54×3.16×0.85×-2.18×
Interest coverage5.52×5.94×4.51×1.96×0.45×-5.92×-3.27×-3.39×
Dividend yield1.3%0.7%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio16.7%7.1%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity25.4%39.4%45.1%4.9%-95.3%-211.8%127.1%76.7%
Return on invested capital16.7%19.8%21.3%4.6%3.3%-35.8%-20.0%-45.9%
Return on assets8.3%9.8%8.2%0.6%-9.4%-35.4%50.2%-42.6%
Free cash flow yield8.0%9.4%8.8%6.0%12.2%13.3%-51.0%-1.9%
Earnings yield7.6%9.7%5.9%0.7%-23.2%-457.4%187.1%-11.5%
Enterprise value$6.4B$6.1B$8.1B$5.1B$3.6B$2.2B$3.8B$31.8B
Net debt / EBITDA0.73×0.7×1.09×2.15×4.66×-1.65×0.4×-4.65×
Cash conversion cycle (days)114929811112213312895