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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
-733.5%
-$47.33
vs $7.47 price
Levered DCF
-$74.72
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.36
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-1.8×-3.34×68.72×65.95×-19.78×-10.98×-2.06×-97,000×
P/B-17.1×2.8×2.68×3.03×3.45×1.68×0.5×-20,688.87×
P/S0.08×0.12×0.21×0.27×0.38×0.3×0.13×0.43×
EV / EBITDA15.18×8.79×8.07×8.69×11.12×10.57×2.06×3.37×
Gross margin25.9%26.3%27.0%26.7%25.9%24.6%26.8%26.7%
Operating margin1.3%1.0%2.9%2.6%1.5%-0.9%2.1%3.8%
Net margin-4.4%-3.3%0.5%0.6%-1.7%-2.7%-6.4%-0.0%
Current ratio1.43×1.34×1.32×1.41×1.39×0.88×0.42×0.22×
Debt / equity-132.81×15.45×7.88×6.59×5.04×2.93×0×-5.8×
Interest coverage2.13×0.23×0.95×1.28×0.75×-0.34×0.57×0×
Dividend yield2.0%5.0%2.6%1.6%0.6%0.0%0.0%0.0%
Payout ratio-3.7%-17.4%119.1%72.0%-12.5%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity912.5%-80.0%5.9%6.7%-15.4%-15.3%-24.4%13.2%
Return on invested capital2.0%1.3%4.0%3.3%2.2%-1.0%8.1%38183.6%
Return on assets-6.0%-4.2%0.6%0.7%-2.1%-3.2%-24.1%-0.5%
Free cash flow yield-12.0%-6.2%-4.0%-13.7%-4.2%-30.8%-31.1%-19.4%
Earnings yield-53.4%-28.6%2.2%2.2%-4.5%-9.1%-48.4%-0.0%
Enterprise value$1.3B$1.4B$1.6B$1.3B$1.1B$721.1M$72.4M$178.4M
Net debt / EBITDA13.42×7.43×5.98×5.95×6.6×6.72×-0.02×0×
Cash conversion cycle (days)143156164152122152-158