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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
-28.7%
$10.30
vs $14.45 price
Levered DCF
$21.06
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
5.19
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E99.93×-36.1×-39.67×-5.4×-15.43×-5.99×-3.69×-9.78×
P/B11.4×10.94×8.55×3.49×7.67×4.54×1.55×2.43×
P/S2.75×2.16×1.8×0.62×1.99×1.7×0.85×1.42×
EV / EBITDA67.26×-39.68×-52.07×-4.82×-15.86×-4.75×-0.88×-12.78×
Gross margin44.0%36.7%34.1%27.7%24.8%15.5%9.7%21.0%
Operating margin1.1%-6.8%-5.1%-11.6%-13.8%-29.4%-37.3%-14.3%
Net margin2.8%-6.0%-4.5%-11.5%-12.9%-28.3%-23.2%-14.5%
Current ratio1.51×1.49×1.55×1.43×1.44×1.5×1.6×1.88×
Debt / equity0.05×0.18×0.16×0.27×0.23×0.22×0.16×0.07×
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 equity11.7%-30.2%-21.3%-64.6%-49.7%-75.7%-42.3%-24.7%
Return on invested capital4.2%-28.7%-20.1%-49.8%-42.6%-57.9%-54.7%-21.0%
Return on assets4.8%-10.2%-7.7%-20.8%-16.1%-24.5%-15.8%-11.5%
Free cash flow yield4.6%4.4%4.0%-15.7%-2.9%-8.3%0.8%-5.9%
Earnings yield1.0%-2.8%-2.5%-18.5%-6.5%-16.7%-27.2%-10.2%
Enterprise value$1.3B$1B$843.5M$245.2M$714.7M$450M$112.3M$539.7M
Net debt / EBITDA-7.13×2.43×2.44×1.19×3.32×1.66×1.6×3.11×
Cash conversion cycle (days)25153043168279170