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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
-82.9%
$0.51
vs $2.96 price
Levered DCF
-$2.88
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.49
Grey zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E11.1×27.96×38.58×93.27×75.16×-5.19×-5.58×-2.99×
P/B0.85×0.71×0.89×0.82×1.54×1.1×0.67×0.76×
P/S0.49×0.35×0.34×0.36×0.64×0.49×0.34×0.51×
EV / EBITDA6.82×9.2×7.43×10.98×19.28×-8.78×-31.64×-6.28×
Gross margin25.8%29.8%28.3%27.1%26.4%10.7%17.2%17.8%
Operating margin1.3%1.9%5.1%2.4%2.1%-17.4%-6.5%-15.7%
Net margin4.5%1.3%0.9%0.4%0.9%-9.4%-6.2%-16.9%
Current ratio2.3×1.98×1.61×1.53×1.58×1.67×2.19×2.11×
Debt / equity0.48×0.4×0.7×0.66×0.68×0.52×0.43×0.48×
Interest coverage0.79×0.77×2.6×1.5×1.67×-12.83×-4.18×-10.16×
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 equity7.8%2.5%2.3%0.9%2.1%-21.2%-12.0%-25.6%
Return on invested capital1.1%1.9%5.4%2.7%2.4%-18.4%-7.1%-13.9%
Return on assets4.6%1.4%1.1%0.4%1.0%-11.2%-7.3%-15.6%
Free cash flow yield-13.6%22.1%-8.7%-7.9%-10.0%-14.2%4.6%-15.6%
Earnings yield9.2%3.6%2.6%1.1%1.3%-19.2%-18.0%-33.5%
Enterprise value$17.7M$13.4M$18.4M$16.5M$23M$16.1M$12.9M$16.2M
Net debt / EBITDA2.47×3.29×3.28×4.91×5.89×-2.82×-12.31×-2.42×
Cash conversion cycle (days)272238192197190146187245