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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
-306.1%
-$8.92
vs $4.33 price
Levered DCF
-$4.63
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
1.23
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/E40.7×-9.45×-2.99×-3.62×-25.33×-1,318.67×-830.59×14,027.78×
P/B0.67×0.68×0.43×0.6×2.06×6.25×45.65×44.33×
P/S2.65×2.91×1.85×2.72×10.64×30.73×79.83×117.81×
EV / EBITDA21.27×-14.37×-3.33×-3.78×-26.05×-5,462.76×-1,193.51×4,249.14×
Gross margin66.4%64.1%63.2%61.9%61.9%64.7%68.3%71.1%
Operating margin-6.7%-40.0%-39.1%-64.6%-48.0%-3.9%-9.5%0.6%
Net margin6.8%-32.1%-61.6%-75.1%-43.3%-2.3%-9.6%0.9%
Current ratio4.58×5.62×4.6×6.78×10.81×18.47×6.67×10.91×
Debt / equity0.15×0.09×0.03×0×0.01×0×0×0×
Interest coverage-261.39×-210.72×-2,769.8×0×0×0×0×0×
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 equity1.7%-7.5%-14.4%-16.6%-8.4%-0.5%-5.5%0.3%
Return on invested capital-1.4%-8.3%-8.9%-14.2%-9.2%-0.8%-5.4%0.2%
Return on assets1.3%-6.1%-12.9%-15.1%-7.7%-0.4%-4.7%0.3%
Free cash flow yield-1.3%-12.7%-11.3%-13.4%-1.8%-0.2%-0.1%-0.0%
Earnings yield2.6%-11.0%-33.3%-27.6%-4.1%-0.1%-0.1%0.0%
Enterprise value$381M$411.1M$240.2M$393M$1.5B$4B$5B$5B
Net debt / EBITDA0.37×-0.81×0.3×0.42×4.81×152.15×25.02×-91.58×
Cash conversion cycle (days)-1039372755163237