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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
-382.4%
-$55.09
vs $19.51 price
Levered DCF
-$39.33
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
7.22
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-61.84×-2.36×-0.74×-0.68×-0.78×-4.84×-8.83×-6.82×
P/B1.84×2.84×1.1×0.76×0.6×1.2×3.15×2.94×
P/S5.27×3.32×6.29×0×16.12×3.64×53.96×41.81×
EV / EBITDA-54.31×-1.5×-0.45×-0.15×-0.68×-4.09×-7.97×-6.23×
Gross margin99.8%-96.1%-582.7%0.0%100.0%-28.1%-434.5%-391.4%
Operating margin-16.8%-159.3%-902.5%0.0%-2121.7%-81.9%-643.4%-626.4%
Net margin-8.5%-140.9%-854.8%0.0%-2076.4%-78.6%-611.6%-613.0%
Current ratio5.22×2.42×3.41×5.95×9.59×9.19×11.57×12.05×
Debt / equity0.01×0.09×0.06×0.04×0.04×0.04×0.04×0×
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 equity-3.0%-120.4%-149.0%-112.6%-76.9%-25.8%-35.7%-43.1%
Return on invested capital-5.8%-63.2%-65.4%-105.9%-73.1%-24.7%-31.4%-37.2%
Return on assets-2.4%-33.7%-44.7%-91.5%-68.0%-21.9%-28.1%-33.9%
Free cash flow yield-10.8%-54.0%49.9%-134.4%-95.7%-22.6%-9.9%-10.6%
Earnings yield-1.6%-42.4%-135.9%-147.9%-128.8%-21.6%-11.3%-14.7%
Enterprise value$325.5M$59.5M$27.5M$14M$61.7M$238.8M$826.8M$577.4M
Net debt / EBITDA9.31×0.89×0.29×0.53×0.43×0.84×0.33×0.45×
Cash conversion cycle (days)-3,3081-25-1320-117041