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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
-1842.0%
-$4,368.44
vs $250.77 price
Levered DCF
-$4,418.52
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
10.32
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/E-50.13×-20.36×-13.33×-10.97×-16.9×-16.48×-26.45×-17.23×
P/B-67.58×-72.81×-44.02×24.28×7.33×8.24×9.66×8.01×
P/S15.9×21.17×24.05×124.97×833.09×993.4×431.35×212.13×
EV / EBITDA-102.51×-27.56×-16.45×-12.41×-17.12×-15.73×-24.76×-15.19×
Gross margin85.1%87.8%83.4%76.3%54.7%100.0%100.0%100.0%
Operating margin-18.9%-76.7%-170.8%-1097.9%-5808.6%-4755.1%-1695.1%-1462.6%
Net margin-31.7%-104.0%-180.5%-1139.6%-4931.6%-6025.5%-1630.0%-1229.5%
Current ratio1.04×1.17×0.95×1.29×8.03×14.02×12.74×7.53×
Debt / equity-5.35×-8.1×-5.1×2.35×0.24×0.11×0.06×0×
Interest coverage-1.69×-4.26×-10.34×-18.31×-115.52×-172.38×-185.68×-1,218.56×
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 equity134.6%357.7%330.4%-221.5%-43.4%-50.0%-36.5%-46.5%
Return on invested capital-18.2%-36.5%-86.8%-70.3%-45.2%-35.4%-35.7%-55.1%
Return on assets-16.8%-32.1%-58.3%-53.5%-35.4%-42.8%-32.2%-40.8%
Free cash flow yield0.4%-4.0%-7.3%-8.0%-6.8%-4.2%-3.1%-6.3%
Earnings yield-2.0%-4.9%-7.5%-9.1%-5.9%-6.1%-3.8%-5.8%
Enterprise value$11.3B$8B$6.8B$6.6B$6.2B$6.4B$5.2B$2B
Net debt / EBITDA-2.33×-1.02×-0.85×-0.33×0.65×1.21×2.67×2.15×
Cash conversion cycle (days)8291,8109899761,76020220