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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
+32.2%
$25.23
vs $19.09 price
Levered DCF
$85.14
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
5.14
Safe zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E20.49×53.74×10.48×-18.86×13.66×-12.95×42.31×10.63×
P/B1.15×0.98×0.83×0.79×1.13×0.89×1.68×1.76×
P/S1.47×1.25×1.12×1.27×1.83×1.78×2.96×2.33×
EV / EBITDA9.07×9.83×10.74×14.49×14.92×78.25×22.87×6.8×
Gross margin86.5%40.9%41.1%41.6%41.8%35.3%40.4%51.0%
Operating margin7.1%0.9%6.7%-7.1%8.2%-5.3%5.5%29.4%
Net margin7.2%2.3%11.8%-6.7%13.4%-13.7%7.0%21.9%
Current ratio1.81×2.66×3.01×3.3×5.92×8.17×5.48×5.15×
Debt / equity0.08×0.03×0.08×0.05×0.05×0.06×0.06×0.07×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield3.7%4.6%5.5%6.4%17.2%9.5%10.5%8.7%
Payout ratio75.8%246.0%52.0%-121.5%234.9%-123.4%441.4%92.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity5.6%1.8%8.8%-4.2%8.3%-6.8%4.0%16.6%
Return on invested capital3.7%0.4%3.4%-3.3%3.3%-2.5%1.8%15.2%
Return on assets4.4%1.5%6.8%-3.2%7.0%-6.0%3.3%13.4%
Free cash flow yield12.4%17.7%-1.3%59.0%14.4%-8.5%12.4%10.7%
Earnings yield4.9%1.9%10.6%-5.3%7.3%-7.7%2.4%9.4%
Enterprise value$128M$102.8M$88.8M$69.5M$124.3M$110.6M$208.6M$242.7M
Net debt / EBITDA-1.14×-1.5×-1.37×-3.71×-1.09×-3.66×-4.43×-1.17×
Cash conversion cycle (days)-14815162534484740