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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
-156.6%
-$0.32
vs $0.57 price
Levered DCF
-$1.25
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-17.18
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-2.11×-2.61×-1.71×-2.15×-1.18×-3.72×-19.82×-19.95×
P/B2.47×3.46×2.98×1.47×1.32×4.82×28.24×42.58×
P/S18×85.86×44.94×10.55×15.36×83.86×1,418.1×5,265.67×
EV / EBITDA-1.49×-2.25×-1.4×-1.02×-0.43×-6.35×-23.22×-20.52×
Gross margin24.0%100.0%100.0%100.0%100.0%100.0%100.0%0.0%
Operating margin-861.7%-3262.4%-2744.3%-499.9%-1299.4%-1182.1%-5386.2%-26610.3%
Net margin-848.7%-3274.6%-2638.5%-491.5%-1299.8%-1717.6%-6979.7%-26400.3%
Current ratio6.42×6.79×3.26×20.66×10.33×14.92×1.62×3.36×
Debt / equity0×0×0×0×0×0×0.68×0×
Interest coverage0×0×0×0×-716.78×-2.21×-30.63×0×
Dividend yield0.0%0.0%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%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-116.7%-132.1%-175.0%-68.3%-111.4%-98.7%-139.0%-213.5%
Return on invested capital-118.4%-131.6%-182.0%-69.4%-111.3%-68.0%-64.0%-215.2%
Return on assets-102.2%-116.8%-132.9%-65.4%-102.0%-92.9%-73.1%-181.0%
Free cash flow yield-32.8%-29.9%-42.5%-40.9%-69.4%-10.9%-4.3%-4.2%
Earnings yield-47.1%-38.1%-58.7%-46.6%-84.6%-20.5%-4.9%-5.0%
Enterprise value$4.3M$7.2M$5.4M$3.6M$3.5M$45.9M$82.7M$77.6M
Net debt / EBITDA0.8×0.73×0.54×1.54×0.88×1.48×0.58×0.27×
Cash conversion cycle (days)-52216668283730