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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
-423.3%
-$427.35
vs $132.18 price
Levered DCF
-$323.66
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
4.25
Safe 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-49.63×-14.13×-15.1×-16.77×-10.89×-28.79×-50.42×-2.45×
P/B102.9×71.1×18.93×28.62×90.93×26.64×19.67×80.83×
P/S14.23×10.51×13.36×62.67×0×0×0×0×
EV / EBITDA-53.57×-14.42×-15.18×-17.27×-11.11×-28.89×-49.34×-2.11×
Gross margin92.6%91.4%90.4%89.6%0.0%0.0%0.0%0.0%
Operating margin-26.5%-72.7%-85.7%-359.3%0.0%0.0%0.0%0.0%
Net margin-28.7%-74.5%-88.4%-374.0%0.0%0.0%0.0%0.0%
Current ratio1.55×2.11×3.63×2.54×3.75×7.85×9×1.41×
Debt / equity2.73×3.38×0.98×0.86×3.18×0.44×0.11×7.37×
Interest coverage-25.81×-42.71×-35.93×-24.51×-21.89×-38.64×-54.25×-29.14×
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-207.5%-503.8%-125.3%-170.8%-834.3%-90.4%-38.2%-3301.5%
Return on invested capital-44.0%-82.1%-51.4%-76.4%-190.9%-60.5%-33.8%-418.5%
Return on assets-26.6%-50.5%-40.7%-56.5%-148.5%-55.3%-31.0%-201.3%
Free cash flow yield-1.0%-3.2%-4.0%-3.7%-7.6%-2.6%-1.3%-39.7%
Earnings yield-2.0%-7.1%-6.6%-6.0%-9.2%-3.4%-1.9%-40.8%
Enterprise value$9B$3.9B$3.4B$3B$1.4B$2.9B$3.3B$68.8M
Net debt / EBITDA0.49×0.45×0.89×0.61×0.29×1.33×2.98×0.22×
Cash conversion cycle (days)-161-482-230-2,13200-107,000-27,503