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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
-212.5%
-$13.40
vs $11.91 price
Levered DCF
-$6.24
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
2.51
Grey zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-2.64×-9.83×-9.63×-7.6×-9.23×-73.62×-126.7×-205.53×
P/B1.9×3.39×3.08×2.2×1.79×3.54×-48.17×-41.12×
P/S4.96×7.3×8.66×7.67×7.02×20.5×56.18×74.26×
EV / EBITDA-2.59×-9.75×-9.49×-6.73×-7.73×-65.12×-124.91×-188.89×
Gross margin30.9%60.6%57.5%67.6%74.8%75.7%75.2%66.8%
Operating margin-194.9%-83.4%-102.5%-108.9%-77.6%-32.9%-45.6%-39.3%
Net margin-187.9%-74.2%-90.1%-100.8%-76.0%-30.4%-44.3%-36.4%
Current ratio6.64×6.86×8.84×6.53×7.06×9.42×3.47×2.19×
Debt / equity0.01×0.01×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.7%1.6%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%-92.6%-330.8%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-71.9%-34.4%-32.0%-28.9%-19.4%-5.2%38.0%20.2%
Return on invested capital-68.2%-36.1%-33.9%-30.0%-19.1%-5.6%-31.9%-21.8%
Return on assets-57.6%-28.1%-26.9%-24.4%-16.4%-4.7%-22.7%-12.5%
Free cash flow yield-15.4%-1.6%-3.4%-9.1%-5.1%-1.0%-0.7%-0.6%
Earnings yield-37.9%-10.2%-10.4%-13.1%-10.8%-1.5%-0.8%-0.5%
Enterprise value$1.2B$2.7B$2.5B$1.8B$1.4B$3.6B$8.8B$6.7B
Net debt / EBITDA0.13×0.58×0.62×1.08×1.81×1.99×0.47×2.78×
Cash conversion cycle (days)1359312280-2863119175