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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
-78.3%
$3.16
vs $14.59 price
Levered DCF
$0.50
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
6.57
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022
P/E-18.82×-17.78×-27.32×-43.92×
P/B-8.05×-8.89×-16.87×-40.61×
P/S181.08×525.2×0×0×
EV / EBITDA-18.73×-17.82×-27.79×-37.41×
Gross margin100.0%100.0%0.0%0.0%
Operating margin-1149.5%-3500.3%0.0%0.0%
Net margin-980.9%-2957.6%0.0%0.0%
Current ratio7.37×15.98×16.07×25.11×
Debt / equity-0.08×-0.14×-0.29×-0.09×
Interest coverage0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022
Return on equity43.6%50.1%61.9%93.2%
Return on invested capital-31.8%-16.9%-29.6%-14.8%
Return on assets-24.1%-13.5%-23.4%-13.0%
Free cash flow yield-6.3%1.5%-4.3%-2.6%
Earnings yield-5.4%-5.6%-3.7%-2.3%
Enterprise value$1.2B$755.8M$764.9M$654.2M
Net debt / EBITDA0.43×0.59×0.59×7.25×
Cash conversion cycle (days)0000