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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
-153.0%
-$34.62
vs $65.36 price
Levered DCF
-$24.36
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
5.85
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-54.47×-8.19×-11.04×-0.79×-2.56×-3.19×-3.59×-140.27×
P/B2.86×6.68×2.87×0.28×0.54×0.67×0.87×0.92×
P/S4.6×6.14×2.84×0.24×0.65×0.79×1.24×1.13×
EV / EBITDA-132.12×-10.39×-26.46×-4.98×-10.94×-14.27×-14.56×15.98×
Gross margin30.0%24.8%27.1%15.1%17.8%21.5%24.2%32.8%
Operating margin-12.0%-28.4%-19.0%-26.5%-26.8%-20.8%-25.5%-4.0%
Net margin-8.4%-74.9%-25.8%-29.8%-25.6%-24.9%-34.6%-0.8%
Current ratio2.63×1.77×1.85×1.32×1.78×2.03×2.11×2.51×
Debt / equity0.23×0.83×0.56×0.84×0.59×0.56×0.52×0.27×
Interest coverage-15.61×-10.39×-4.39×-9.34×-10.1×-8.67×-9.02×-9.74×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-5.2%-81.5%-26.1%-36.0%-21.3%-21.0%-24.1%-0.7%
Return on invested capital-4.7%-16.9%-12.3%-17.3%-14.0%-11.3%-11.7%-0.6%
Return on assets-3.3%-34.1%-14.4%-16.3%-11.9%-12.2%-14.1%-0.5%
Free cash flow yield-16.9%-7.4%-2.9%-34.7%-16.1%-34.2%-14.3%-20.9%
Earnings yield-1.8%-12.2%-9.1%-126.2%-39.2%-31.4%-27.8%-0.7%
Enterprise value$2B$1.7B$692.9M$183.5M$253.6M$297.6M$319.8M$336M
Net debt / EBITDA3.14×-0.78×-2.89×-3.55×-4.97×-5.35×-3.75×1.56×
Cash conversion cycle (days)241138152162219228198170