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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
-112.0%
-$5.79
vs $48.20 price
Levered DCF
-$5.06
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
8.81
Safe 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-33.37×-8.04×-5.71×11.84×25.17×125.59×-108.21×17.4×
P/B2.63×0.49×0.5×0.83×1.72×1.99×0.91×0.89×
P/S8.13×0.94×1.35×1.31×2.65×4.03×2.06×1.66×
EV / EBITDA-59.29×-356.77×-13.7×6.59×13.71×27.94×33.41×9.01×
Gross margin12.7%24.0%17.6%36.9%34.5%31.7%29.8%36.2%
Operating margin-24.9%-14.9%-28.5%8.9%9.4%4.1%-0.4%11.9%
Net margin-24.1%-11.7%-23.6%11.2%10.6%3.4%-3.1%9.4%
Current ratio2.72×2.13×2.09×2.44×3.35×4.21×4.11×4.48×
Debt / equity0.24×0.26×0.27×0.22×0.08×0.07×0.05×0×
Interest coverage-17.48×-11.05×-14.13×11.72×60.55×22.01×0×0×
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-7.8%-6.0%-8.8%7.1%6.9%1.7%-1.4%5.1%
Return on invested capital-5.4%-4.7%-6.5%3.3%4.0%1.0%-0.2%5.7%
Return on assets-4.9%-3.4%-5.0%4.3%4.4%1.1%-1.2%4.3%
Free cash flow yield-2.6%-19.1%-6.9%-20.2%-9.0%-3.6%-5.3%-22.0%
Earnings yield-3.0%-12.4%-17.5%8.6%4.0%0.8%-1.5%5.7%
Enterprise value$662.9M$120.6M$120.3M$198.4M$344.2M$324.9M$153.6M$153.3M
Net debt / EBITDA4.96×-79.72×-2.05×0.46×-0.81×-5.11×-3.94×-0.97×
Cash conversion cycle (days)436446542402292312327322