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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
-1957.5%
-$47.55
vs $2.56 price
Levered DCF
-$14.70
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.55
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-3.77×-3.42×-3.24×-109.1×141.14×-97,400×-97,400×
P/B0.77×0.53×1.53×35.77×7.48×6.76×6.74×
P/S1.82×1.7×2.18×8.16×7.5×7.86×9.07×
EV / EBITDA-8.02×-3.19×-3.47×-345.36×121.44×120.19×193.54×
Gross margin25.6%17.9%15.7%33.4%37.4%23.4%29.1%
Operating margin-29.0%-42.0%-40.2%-1.7%10.3%-10.1%-8.6%
Net margin-46.9%-49.8%-67.1%-7.7%5.2%-9.3%-10.0%
Current ratio1.73×1.83×2.15×1.63×1.22×2.24×2.36×
Debt / equity0.1×0.1×0.69×1.82×0.19×0.15×0.15×
Interest coverage-213.09×-3.92×-6.84×-3.09×19.57×-7.26×-4.97×
Dividend yield0.0%1.9%2.2%1.6%1.5%0.0%2.4%
Payout ratio0.0%-6.6%-7.2%-167.1%217.9%-2.8%-220.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-19.9%-15.6%-47.0%-33.6%5.2%-8.0%-7.4%
Return on invested capital-7.6%-6.6%-8.1%-1.9%7.4%-6.6%-5.3%
Return on assets-10.2%-8.2%-13.1%-6.4%2.9%-5.4%-5.3%
Free cash flow yield-11.3%-16.6%-15.3%1.1%2.5%0.5%-0.8%
Earnings yield-25.8%-29.3%-30.8%-0.9%0.7%-1.2%-1.1%
Enterprise value$692.4M$507.2M$1B$934.2M$820.2M$813.1M$814.9M
Net debt / EBITDA-0.24×0.02×-0.78×-9.16×-0.5×0.18×0.72×
Cash conversion cycle (days)04085631018981