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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
-7776.3%
-$343.90
vs $4.48 price
Levered DCF
-$430.38
After debt service
Piotroski score
0 / 9
Weak
Altman Z-score
-1.24
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/E51.3×-15.21×-4.72×-3.85×-3.44×-2.06×-13.01×
P/B-5.03×-8.59×-2.8×-3.5×-2.58×-0.4×0×
P/S2.44×7.24×28.53×23.81×9.51×5.25×85.42×
EV / EBITDA8.38×-145.11×-7.44×-6.18×-47.43×-5.59×0×
Gross margin59.8%62.2%-75.9%22.8%100.0%100.0%100.0%
Operating margin13.3%14.2%-388.1%-417.3%-640.3%-206.5%-192.5%
Net margin4.8%-47.3%-603.4%-618.6%-276.0%-255.3%-657.5%
Current ratio1.89×2.35×0.75×1.38×1.07×1.69×0×
Debt / equity-5.09×-2.88×-1.15×-1.43×-3.86×-0.78×0×
Interest coverage0.52×0.44×-2.63×-3.79×-2.08×-1.41×-0.64×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-9.8%56.2%59.2%91.0%74.8%19.6%0.0%
Return on invested capital1.3%6.5%-40.8%-47.0%-32.3%-18.6%0.0%
Return on assets1.9%-19.0%-58.1%-62.0%-17.0%-35.8%0.0%
Free cash flow yield-8.0%-8.3%-13.7%-18.3%-76.9%-24.7%-3.5%
Earnings yield1.9%-6.5%-21.1%-26.0%-29.0%-48.6%-7.7%
Enterprise value$2.7B$4.7B$3.7B$2.7B$855.2M$994.8M$0
Net debt / EBITDA3.95×-35.28×-2.16×-1.68×-28.03×-3.63×0×
Cash conversion cycle (days)2413073344415351810