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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
-220.3%
-$114.89
vs $95.49 price
Levered DCF
-$91.00
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
7.48
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-48.75×-41.42×-25.47×-20.02×-38.97×-97.15×-124.84×
P/B10.96×6.66×5.23×4.1×5.64×-34.83×-53.01×
P/S4.4×3.84×3.71×3.99×10.96×27.4×48.3×
EV / EBITDA-89.49×-72.47×-37.61×-26.31×-40.9×-142.63×-133.18×
Gross margin39.1%39.5%38.5%38.3%26.2%23.5%18.4%
Operating margin-6.6%-10.3%-15.9%-20.2%-26.9%-20.7%-38.1%
Net margin-9.0%-9.2%-14.6%-20.8%-28.1%-22.0%-38.6%
Current ratio3.76×4.38×4.28×6.05×2.87×2.02×4.13×
Debt / equity1.27×0.94×0.91×0.82×0.05×-0.16×-0.2×
Interest coverage-9.28×-11.82×-15.38×-17.45×-68.88×-26.83×-126.76×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.2%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%-28.3%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-22.4%-16.0%-20.5%-21.3%-14.5%27.9%42.4%
Return on invested capital-7.4%-9.2%-11.6%-11.4%-13.0%-43.4%-48.8%
Return on assets-8.8%-7.4%-9.5%-10.8%-12.2%-34.9%-40.0%
Free cash flow yield-0.8%-1.6%-2.8%-5.0%-3.1%-0.7%-0.8%
Earnings yield-2.0%-2.4%-3.9%-5.2%-2.6%-0.8%-0.8%
Enterprise value$3.4B$2.4B$2B$1.8B$2.3B$3.8B$3.8B
Net debt / EBITDA-8.91×-8.36×-4.71×-3.54×1.12×1.56×0.88×
Cash conversion cycle (days)1615330302620