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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
-654.6%
-$71.68
vs $12.92 price
Levered DCF
$4.62
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-7.12
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.82×-0.52×-0.63×-2.88×-8.7×-11.18×-10.88×-17.77×
P/B0.33×0.36×0.91×0.73×1.24×2.05×2.72×2.72×
P/S0.32×0.43×1.64×2.8×6.07×10.23×6.38×8.22×
EV / EBITDA1.63×0.63×-0.28×-1.03×-4.85×-7.25×-9.49×-17.85×
Gross margin53.3%38.9%36.6%42.1%41.3%36.1%46.3%48.6%
Operating margin-42.2%-85.5%-267.2%-99.5%-70.9%-92.7%-63.6%-48.4%
Net margin-38.4%-81.8%-260.6%-97.6%-69.8%-91.5%-58.6%-46.2%
Current ratio3.37×2.85×4.79×5.49×5.84×9.2×2.1×3.42×
Debt / equity0.02×0.03×0.03×0.01×0.01×0.01×0.04×0×
Interest coverage0×0×0×0×0×0×0×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-40.6%-68.3%-145.4%-25.4%-14.2%-18.3%-25.0%-15.3%
Return on invested capital-41.4%-66.2%-138.6%-24.9%-13.3%-18.0%-23.5%-13.7%
Return on assets-29.6%-47.7%-114.5%-22.2%-12.2%-16.3%-17.4%-10.8%
Free cash flow yield-83.7%-131.1%-38.6%-26.1%-9.3%-4.6%-8.8%-8.1%
Earnings yield-121.5%-191.4%-159.4%-34.8%-11.5%-8.9%-9.2%-5.6%
Enterprise value-$99M-$111.4M$63.3M$252.4M$804.8M$1.6B$824.8M$888.3M
Net debt / EBITDA2.94×1.24×1.61×2.13×4.39×4.3×1.43×0.96×
Cash conversion cycle (days)7198808063756588