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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
-356.7%
-$15.79
vs $6.15 price
Levered DCF
-$53.61
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-0.19
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-10×4.28×997.71×-627.27×-0.07×-1.53×-9.46×-2,454.99×
P/B2.31×1.8×-68,856.42×-12,991.86×0.04×0.9×5.26×1.27×
P/S8.31×25.53×608.23×954.21×0.13×3.32×10.63×0×
EV / EBITDA-15.24×3.51×898.03×-783.76×-0.6×-3.65×-7.55×-81.17×
Gross margin50.3%44.8%32.9%35.5%28.5%34.2%57.6%0.0%
Operating margin-123.1%676.7%9.6%-128.5%-90.1%-111.8%-113.7%0.0%
Net margin-82.7%599.6%61.0%-158.6%-177.7%-216.7%-112.7%0.0%
Current ratio0.08×3.04×0.28×0.48×0.62×1.43×10.04×0.05×
Debt / equity0.28×0×-25.9×-3.03×0.29×0.27×0×0×
Interest coverage0×138.75×0.71×-4.18×-10.38×-44.15×0×0×
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-23.0%42.3%-6901.2%2159.5%-52.3%-58.9%-55.7%-0.1%
Return on invested capital-17.2%40.3%43.6%-827.8%-18.9%-23.9%-56.2%1.0%
Return on assets-12.3%38.8%210.0%-535.3%-33.2%-43.9%-50.2%-0.1%
Free cash flow yield-5.2%-4.9%0.0%-0.0%-363.6%-16.8%-7.8%-0.8%
Earnings yield-10.0%23.5%0.1%-0.2%-1387.8%-65.2%-10.6%-0.0%
Enterprise value$1.7B$1.8B$39.5B$62.7B$6.5M$49.3M$93.7M$73.6M
Net debt / EBITDA-1.63×0×0.32×-0.08×-0.39×0.2×1.8×0×
Cash conversion cycle (days)-2-8-16-10-2042-510