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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
-301.5%
-$5.92
vs $2.94 price
Levered DCF
-$6.95
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
0.71
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-20.53×-12.77×-4.38×-71.51×-7.45×-47.7×-26.5×-42.09×
P/B0.87×1.47×1.32×3.59×1.14×2.74×2.23×8.29×
P/S0.93×1.82×0.47×3.75×1.31×3.74×3.58×4.65×
EV / EBITDA8.78×42.15×10.99×102.22×397.89×54.26×-249.8×-58.72×
Gross margin55.5%53.7%53.7%47.5%47.4%52.0%46.8%48.6%
Operating margin4.4%-7.1%-7.1%-5.1%-6.5%-3.2%-11.9%-10.8%
Net margin-4.6%-14.1%-14.1%-5.2%-10.1%-7.9%-13.4%-11.0%
Current ratio1.13×1.12×3.9×1.76×1.94×2.43×1.7×1.7×
Debt / equity0.62×0.64×0.96×0.21×0.24×0.24×0.32×0.08×
Interest coverage0.71×-1.27×-16.16×-4.1×-2.96×-1.55×-10.29×-33.16×
Dividend yield0.0%13.7%2.0%0.0%2.5%0.0%0.0%0.0%
Payout ratio0.0%-177.1%-6.6%0.0%-32.2%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-4.3%-11.4%-39.6%-5.0%-8.8%-5.8%-8.3%-19.5%
Return on invested capital2.3%-3.2%-9.6%-3.8%-4.2%-1.8%-5.1%-13.6%
Return on assets-2.2%-5.6%-16.5%-3.2%-5.6%-3.9%-4.9%-9.3%
Free cash flow yield2.1%-5.6%-1.6%-1.0%-5.1%1.3%-2.8%-0.8%
Earnings yield-5.0%-7.7%-30.0%-1.4%-7.7%-2.1%-3.7%-2.4%
Enterprise value$672.4M$900.8M$269.1M$518.3M$172.7M$420.6M$318.7M$239.5M
Net debt / EBITDA3.4×11.35×4.05×2.33×17.93×-0.57×-20.17×1.75×
Cash conversion cycle (days)43433613310110412952