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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
-322.8%
-$4.32
vs $1.94 price
Levered DCF
-$5.53
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-4.22
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-1.85×-1.01×-1×-0.31×-0.19×-1.44×-4.72×-0.32×
P/B0.75×0.72×0.57×0.14×0.46×0.61×0.69×2.11×
P/S0.46×0.21×0.24×0.05×0.21×1.28×2.36×2.04×
EV / EBITDA-4.17×-1.22×8.67×-3.91×-0.68×-2.26×-1.58×-0.28×
Gross margin64.0%69.0%75.3%62.0%52.0%44.5%70.0%69.9%
Operating margin-14.4%-11.8%-2.4%-15.9%-113.7%-89.7%-76.5%-230.1%
Net margin-24.8%-20.4%-24.3%-15.9%-112.5%-88.8%-49.3%-644.3%
Current ratio1.13×1.26×0.99×1.06×0.93×0.96×2.62×2.87×
Debt / equity0.51×1.21×0.59×0.77×0.41×0.23×0.02×0×
Interest coverage4.39×-2.11×-0.33×-3.44×-0.75×0×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-40.4%-71.5%-57.2%-43.3%-245.5%-42.4%-14.3%-665.5%
Return on invested capital-14.2%-10.8%-2.6%-22.0%-142.4%-32.4%-16.8%-57.4%
Return on assets-13.6%-10.9%-13.3%-12.4%-79.0%-21.9%-8.9%-135.8%
Free cash flow yield12.3%-37.7%-10.9%-96.0%-142.1%-30.8%-43.4%-92.8%
Earnings yield-53.8%-99.1%-100.4%-319.1%-536.2%-69.3%-20.9%-315.2%
Enterprise value$18.3M$5.7M$12.2M$12.8M$19.1M$65.5M$19.2M$3.9M
Net debt / EBITDA1.87×1.72×-2.55×-2.27×0.04×0.64×3.77×0.78×
Cash conversion cycle (days)6718617385811272-28