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Market Cap: $1.01B

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By Cashu Finance. Providing market news, analysis, and research for investors worldwide.

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© 2026 Cashu Technologies Pty Ltd. All rights reserved. Cashu Finance is a trademark of Cashu Technologies Pty Ltd.

The content published on Cashu Finance is for informational purposes only and should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. All opinions expressed are those of the authors and do not reflect the official position of Cashu Technologies Pty Ltd or its affiliates. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Cashu Finance and its contributors may hold positions in securities mentioned in published content. Any such holdings will be disclosed at the time of publication. Market data is provided on an "as-is" basis and may be delayed. Cashu Technologies Pty Ltd does not guarantee the accuracy, completeness, or timeliness of any information presented.

Cashu Research is part of Cashu Technology Pty Ltd, which is an authorised representative (AR # 001318029) of Adviser Solutions Group Pty Ltd (ABN 88 601 875 521) (AFSL 485946) (ASG).

This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by Cashu Technologies Pty Ltd, any of their related body corporates or any other person. To the maximum extent possible, Cashu Technologies Pty Ltd, their related body corporates or any other person do not accept any liability for any statement in this material.

Financials

Profitability
Gross Profit Margin68.00%
EBITDA Margin17.83%
EBIT Margin10.06%
Pre-tax Margin6.64%
Net Profit Margin9.36%
Earnings Yield5.45%
Valuation Multiples
Price / Book4.38
Price / Sales1.73
Price / Earnings18.32
PEG0.00
Forward PEG1.03
EV / Sales2.13
EV / EBITDA11.95
EV / Operating Cash Flow12.80
EV / Free Cash Flow13.15
Price / Free Cash Flow10.66
Price / Operating Cash Flow10.31
Cash Flow & Capital
Free Cash Flow / Share$1.39
Operating Cash Flow / Share$1.43
Free Cash Flow Yield9.38%
Capex / Revenue0.44%
Capex / Operating Cash Flow2.67%
Capex / Depreciation0.06
Stock Compensation / Revenue2.56%
Dividend Payout Ratio0.00%
Dividend Yield0.00%
Liquidity & Leverage
Current Ratio1.69
Quick Ratio1.17
Cash Ratio0.19
Debt / Assets0.39
Debt / Capital0.54
Debt / Equity1.16
Long-Term Debt / Capital0.50
Debt / Market Cap25.12%
Net Debt / EBITDA2.26
Solvency Ratio0.25
Financial Leverage2.95
Efficiency & Working Capital
Asset Turnover0.86
Fixed Asset Turnover0.00
Inventory Turnover2.33
Receivables Turnover4.20
Payables Turnover9.22
Days Sales Outstanding86.82
Days Inventory Outstanding156.44
Days Payables Outstanding39.59
Operating Cycle243.26
Cash Conversion Cycle203.67
Working Capital Turnover5.63
Returns & Quality
Return on Equity28.39%
Return on Assets8.09%
Return on Invested Capital11.37%
ROCE11.87%
Return on Tangible Assets17.30%
Operating Return on Assets9.34%
Income Quality1.58
Tax Burden1.41
Interest Burden0.66
Balance Sheet & Intrinsic Metrics
Enterprise Value$1.24B
Invested Capital$463.58M
Working Capital$105.08M
Tangible Asset Value$-81.1M
Net Current Asset Value$-138.41M
Graham Number$7.79
Graham Net-Net-$3.28
Book Value / Share$4.09
Tangible Book Value / Share-$1.19
Cash / Share$0.43
Financial Health Scores
Piotroski Score8
Altman Z-Score2.27
Revenue$581.85M
EBIT$58.52M
Market Cap$1.02B
Working Capital$105.08M
Retained Earnings$-298.38M
Total Assets$673.35M
Total Liabilities$395.93M