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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
-115.2%
-$1.06
vs $6.97 price
Levered DCF
-$0.37
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.1
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/E13.76×23.06×-31.52×-90.38×-708.46×-13,195×1,210×1,071.33×
P/B0.65×0.78×1.21×11.1×44.11×65.16×32.07×6.31×
P/S0.59×0.7×0.93×6.59×30.91×56.48×31.78×7.32×
EV / EBITDA6.23×7.71×16.18×706.19×10,697.47×916.42×298.94×54.55×
Gross margin90.8%95.1%95.4%80.9%83.0%88.2%96.5%95.1%
Operating margin7.6%1.8%-2.0%-4.3%-4.2%-0.4%2.9%5.6%
Net margin4.3%3.0%-3.0%-7.3%-4.4%-0.4%2.6%6.8%
Current ratio1.65×2.14×1.88×1.72×2.1×4.18×2.33×2.36×
Debt / equity0.55×0.55×0.59×0.56×0.53×0.57×0.2×0.2×
Interest coverage3.82×1.09×-1.32×-3.76×-2.89×-0.45×3.36×5.5×
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 equity4.7%3.4%-3.9%-12.3%-6.3%-0.5%2.7%5.9%
Return on invested capital3.7%1.4%-1.6%-4.3%-2.6%-0.1%2.2%3.9%
Return on assets2.6%2.0%-2.2%-6.7%-3.5%-0.3%1.8%4.3%
Free cash flow yield7.5%12.7%4.5%-0.8%-0.1%0.2%0.3%2.1%
Earnings yield7.3%4.3%-3.3%-1.1%-0.1%-0.0%0.1%0.9%
Enterprise value$810.3M$994.3M$1.5B$11.9B$50.2B$82.8B$42B$8.2B
Net debt / EBITDA1.59×1.27×2.71×15.68×36.62×-0.94×-0.94×-0.51×
Cash conversion cycle (days)-120-105-158-18-32-54-193-115