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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
-253.1%
-$91.51
vs $59.77 price
Levered DCF
-$85.31
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.67
Grey zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-2,827.05×-3.87×-13.99×-19.79×-45.9×-51.26×39.14×-29.55×
P/B9.9×12.51×10.57×8.74×15.84×9.39×10.81×16.77×
P/S5.56×653.4×11.92×14.33×46.84×49.29×15.67×99.53×
EV / EBITDA28.84×-5.47×-17.88×-21.31×-47.65×-48.32×36.92×-30.82×
Gross margin100.0%-423.7%94.8%95.7%100.0%0.0%0.0%0.0%
Operating margin11.9%-16927.1%-85.2%-73.4%-107.8%-105.9%36.3%-346.5%
Net margin-0.2%-16882.4%-85.3%-72.4%-101.9%-96.1%40.3%-337.3%
Current ratio4.86×6.74×3.98×2.92×2.62×7.92×2.73×6.37×
Debt / equity0.79×4.59×1.41×0.2×0.06×0.05×0×0.02×
Interest coverage1.1×-18.58×-11.19×0×0×0×0×0×
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 equity-0.3%-323.3%-75.7%-44.2%-34.5%-18.3%27.8%-56.8%
Return on invested capital4.6%-57.4%-30.6%-32.1%-26.3%-19.3%24.1%-56.2%
Return on assets-0.1%-52.6%-26.8%-25.4%-19.8%-16.2%19.4%-48.8%
Free cash flow yield3.4%-26.0%-11.5%-5.4%2.3%-2.5%6.1%-3.0%
Earnings yield-0.0%-25.8%-7.2%-5.1%-2.2%-1.9%2.6%-3.4%
Enterprise value$4.8B$3.1B$3.1B$3.5B$6.3B$4.2B$2.4B$1.6B
Net debt / EBITDA0.85×-1.33×-1.55×0.16×1.2×1.4×-3.38×0.54×
Cash conversion cycle (days)3-224-1,048-85527417