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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
-82.5%
$0.56
vs $3.23 price
Levered DCF
$0.57
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.82
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/E-3.4×-17.06×-8.76×-8.29×-28.74×-20.63×-3.8×-2.81×
P/B3.71×12.59×9.55×7.09×15.95×8.08×3.55×2.05×
P/S1,048.7×2,338.65×315.51×377.06×1,131.35×4,866.45×91.6×147.64×
EV / EBITDA-2.66×-17.23×-9.06×-8.15×-29.21×-17.99×-2.54×-1.33×
Gross margin-393.8%8.9%94.9%78.8%100.0%79.0%52.5%39.8%
Operating margin-32496.9%-14323.0%-3759.5%-4588.0%-3882.3%-24064.5%-2556.3%-5338.6%
Net margin-31036.9%-13655.6%-3598.2%-4543.5%-3928.5%-23996.8%-2495.3%-5242.7%
Current ratio9.8×7.58×5.35×7.43×10.54×26.29×10.22×11.97×
Debt / equity0.07×0.08×0.2×0.24×0.23×0.02×0.01×0×
Interest coverage-352.05×-149.89×-106.58×-68.73×-121.32×0×0×0×
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-109.8%-73.5%-108.9%-85.4%-55.4%-39.8%-96.6%-72.7%
Return on invested capital-107.4%-71.5%-94.8%-69.6%-44.5%-39.2%-97.9%-74.0%
Return on assets-95.6%-63.3%-82.4%-64.9%-43.6%-37.8%-87.3%-66.6%
Free cash flow yield-21.8%-4.2%-8.4%-8.7%-2.8%-4.0%-21.4%-27.0%
Earnings yield-29.6%-5.8%-11.4%-12.0%-3.5%-4.9%-27.2%-35.5%
Enterprise value$50.2M$291.9M$164.6M$127.7M$430.4M$264.5M$34.1M$17.4M
Net debt / EBITDA0.95×1.4×0.49×1.04×1.5×2.53×1.09×1.45×
Cash conversion cycle (days)-388-1,246-7,639-1,7890-12,410-454-584