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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
-243.1%
-$14.16
vs $9.90 price
Levered DCF
$17.05
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.6
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.81×-4.24×-57.4×-7.22×29.68×-137.79×47.96×-8.25×
P/B1.7×1.99×2.29×1.8×2.44×2.33×2.48×1.63×
P/S0.62×1.02×1.9×1.75×2.88×3.44×3.14×2.09×
EV / EBITDA-96.11×-11.31×38.19×-13.06×14.85×40.89×20.09×-16.55×
Gross margin50.0%51.6%52.6%54.2%55.5%49.6%53.8%51.9%
Operating margin6.8%-23.2%-2.1%-23.9%14.4%-0.1%8.8%-24.0%
Net margin-16.3%-24.0%-3.3%-24.2%9.7%-2.2%6.4%-25.4%
Current ratio1.51×1.1×1.38×1.62×1.47×1.31×2.01×1.86×
Debt / equity1.84×1.17×0.7×0.56×0.46×0.5×0.31×0.32×
Interest coverage2.86×-12.74×-1.05×-14.42×9.97×-0.05×12.01×-25.69×
Dividend yield5.6%3.3%1.5%1.5%0.8%0.8%0.6%0.9%
Payout ratio-21.4%-13.8%-87.9%-10.9%22.4%-120.5%31.6%-7.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-44.6%-46.9%-4.0%-24.9%8.2%-1.5%5.0%-19.7%
Return on invested capital5.7%-18.0%-1.0%-12.7%5.6%-0.0%3.5%-12.3%
Return on assets-11.0%-15.8%-1.8%-12.4%4.4%-0.8%3.0%-11.6%
Free cash flow yield4.6%7.3%3.0%5.4%4.2%4.9%4.0%3.7%
Earnings yield-26.2%-23.6%-1.7%-13.8%3.4%-0.6%2.0%-12.1%
Enterprise value$4.4B$5.9B$9.5B$8.6B$14.1B$13.5B$13.8B$9.7B
Net debt / EBITDA-46.57×-3.86×7.89×-2.69×2.05×6.11×1.74×-2.3×
Cash conversion cycle (days)136123132135118115125124