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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
-144.1%
-$4.19
vs $9.49 price
Levered DCF
-$4.37
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-0.72
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/E-2.55×-5.66×-28.15×48.46×-4.78×-12.22×-5.1×-2.1×
P/B0.78×1.9×3.01×1.66×4.27×2.22×5.09×3.34×
P/S2.5×3.31×5.32×2.18×78.81×92.34×6.31×2.9×
EV / EBITDA0.61×-3.23×-23.91×9.98×-3.37×-6.21×-3.29×-0.91×
Gross margin95.5%100.0%100.0%100.0%100.0%-486.5%100.0%-7.8%
Operating margin-111.5%-69.1%-49.6%5.9%-1641.3%-749.8%-122.7%-138.5%
Net margin-97.9%-58.5%-18.8%4.5%-1648.0%-756.3%-125.0%-138.3%
Current ratio6.64×4.67×4.72×3.18×3.81×9.45×3.48×3.33×
Debt / equity0.12×0.12×0.11×0.35×0.3×0.05×0.8×0.73×
Interest coverage0×0×-101.96×4.06×-75.86×-86.07×-29.87×-117.26×
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-30.7%-33.6%-10.7%3.5%-89.2%-18.2%-100.8%-159.7%
Return on invested capital-31.4%-33.9%-22.2%2.8%-63.9%-16.6%-41.4%-69.0%
Return on assets-24.3%-23.5%-6.9%2.1%-51.8%-15.1%-31.6%-49.3%
Free cash flow yield-44.2%-13.2%-2.5%5.4%-14.2%-5.1%-5.5%-48.8%
Earnings yield-39.2%-17.7%-3.5%2.1%-20.9%-8.2%-19.8%-47.8%
Enterprise value-$38M$249.7M$577.8M$151.4M$672.6M$438.7M$80.5M$18.8M
Net debt / EBITDA3.28×2.69×10.83×-19.58×1.51×6.26×2.07×1.29×
Cash conversion cycle (days)-4811074599113852