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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
-176.2%
-$10.00
vs $13.12 price
Levered DCF
-$5.52
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.94
Grey zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E7.35×-82.19×-3.77×-0.22×-11.75×-38.71×-29.27×-46.15×
P/B8.46×-7.36×-3.99×-34.67×2.14×8.35×8.23×6.27×
P/S0.68×0.44×0.27×0.08×0.81×1.49×1.61×1.72×
EV / EBITDA10.63×12.36×50.15×-2.82×-146.75×54.04×74.69×32.32×
Gross margin33.1%31.4%31.4%30.9%32.3%30.4%30.3%31.5%
Operating margin10.9%6.9%0.4%-35.9%-2.2%-0.2%2.8%3.1%
Net margin9.2%-0.5%-7.1%-37.0%-7.0%-3.8%-5.5%-3.8%
Current ratio1.32×0.98×0.89×0.83×0.81×1.31×1.11×1.08×
Debt / equity7.79×-12.3×-11.76×-324.63×2.04×4.6×3.98×2.76×
Interest coverage1.89×0.89×0.05×-5.96×-0.52×-0.04×0.42×0.52×
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 equity115.7%9.0%105.6%15857.1%-18.3%-21.4%-28.2%-13.7%
Return on invested capital14.7%-20.6%0.5%-45.3%-1.8%-0.2%2.7%2.7%
Return on assets11.1%-0.7%-8.3%-38.7%-5.0%-3.1%-4.8%-3.0%
Free cash flow yield7.0%2.9%3.3%-41.7%-2.0%4.5%-1.1%0.1%
Earnings yield13.7%-1.2%-26.4%-457.4%-8.6%-2.6%-3.4%-2.2%
Enterprise value$3B$2.3B$2B$1.5B$2.6B$3.3B$3.3B$3.1B
Net debt / EBITDA4.74×7.57×37.15×-2.54×-70.62×17.75×24.31×9.83×
Cash conversion cycle (days)4040393332241853