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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
-8.6%
$2.93
vs $3.20 price
Levered DCF
$3.51
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-6.93
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.5×-0.72×-0.57×-5.26×-8.75×-2.8×-6.86×-194.65×
P/B0.36×0.45×0.48×1.26×1.79×0.94×-3.21×17.25×
P/S0×0×0×14.7×55.64×5.74×194.54×219.78×
EV / EBITDA-0.31×-0.41×0.42×-1.95×-4.71×-1.05×-6.81×-120.54×
Gross margin0.0%0.0%0.0%100.0%100.0%100.0%100.0%99.0%
Operating margin0.0%0.0%0.0%-290.3%-631.4%-218.9%-3154.6%-182.9%
Net margin0.0%0.0%0.0%-279.3%-637.2%-204.9%-2827.9%-113.7%
Current ratio7.47×9.29×8.41×13.25×17.31×4.46×4.32×19.16×
Debt / equity0.09×0.09×0.12×0.07×0.07×0.2×0×0.03×
Interest coverage-3,392.06×-31,903.75×-6,081.52×-906.89×-349.05×-292.47×0×0×
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%-1.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-73.4%-62.8%-83.8%-23.9%-20.5%-33.4%46.6%-8.9%
Return on invested capital-70.2%-62.6%-79.5%-23.1%-18.9%-27.5%-47.0%-13.5%
Return on assets-60.7%-53.2%-68.8%-21.1%-18.3%-23.8%-34.5%-8.5%
Free cash flow yield-167.1%-110.6%-120.7%-16.8%-11.8%-41.4%-15.0%-1.1%
Earnings yield-201.3%-138.6%-175.4%-19.0%-11.5%-35.7%-14.5%-0.5%
Enterprise value$33.8M$45.3M-$57.4M$130.6M$284.8M$40.2M$183M$1.8B
Net debt / EBITDA0.22×0.35×1.02×3.53×4.25×1.64×0.39×0.26×
Cash conversion cycle (days)-271006856343-2,455