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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
-138.7%
-$4.55
vs $11.76 price
Levered DCF
$3.83
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
2.38
Grey 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-12.4×-12.29×-1.37×-7.11×-28.87×-28.65×-2.38×11.46×
P/B2.65×2.28×1.23×0.99×1.8×2.05×0.86×1.15×
P/S1.42×1.43×0.83×1.1×2.42×3.09×1.49×1.96×
EV / EBITDA818×214.21×-29.72×32.27×69.23×-94.07×-2.65×37.68×
Gross margin54.6%53.9%50.9%51.4%52.4%53.9%56.9%43.4%
Operating margin-12.5%-13.7%-63.3%-15.1%-9.0%-12.1%-63.3%-2.6%
Net margin-11.5%-11.6%-60.7%-15.5%-8.4%-10.8%-63.1%17.1%
Current ratio2.19×2.21×2.12×1.95×1.93×2.45×2.97×4.3×
Debt / equity0×0.06×0.02×0.17×0.08×0.05×0.09×0.22×
Interest coverage-133.54×0×0×-18.94×-41.38×-40.98×-184.23×-1.84×
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-21.5%-18.6%-89.7%-13.9%-6.3%-7.2%-36.6%10.0%
Return on invested capital-20.7%-19.4%-80.1%-10.6%-5.2%-6.1%-30.4%-0.9%
Return on assets-13.8%-12.1%-58.0%-9.8%-4.8%-5.6%-28.0%7.3%
Free cash flow yield0.1%-3.5%-13.4%-1.1%-1.5%2.1%-5.6%4.9%
Earnings yield-8.1%-8.1%-72.7%-14.0%-3.5%-3.5%-42.3%8.7%
Enterprise value$399.2M$372.3M$182.2M$393.4M$770.7M$872.5M$380.4M$613.2M
Net debt / EBITDA-110.38×-26.32×11.63×1.64×0.45×3.04×0.09×-5.6×
Cash conversion cycle (days)1081321169012212617899