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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
-506.4%
-$32.90
vs $8.10 price
Levered DCF
-$41.05
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.94
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-2.24×-7.32×-5.86×-4.03×-8.47×-35.87×-56.36×-56.36×
P/B1.21×2.45×1.56×1.5×2.66×-9.64×-27.42×-44.94×
P/S0.22×0.5×0.44×0.48×1.14×4.05×9.22×10.8×
EV / EBITDA-3.77×-12.44×-8.99×-5.08×-9.48×-89.09×-86.33×-61.32×
Gross margin61.3%62.4%61.6%57.6%55.6%59.7%60.4%56.0%
Operating margin-10.2%-7.3%-9.3%-11.9%-18.6%-5.4%-11.9%-18.1%
Net margin-9.9%-6.8%-7.6%-11.5%-13.5%-8.3%-14.0%-19.4%
Current ratio1.86×1.63×2.94×3.14×3.39×1.08×0.46×0.81×
Debt / equity0.52×0.86×0.63×0.79×0.64×-0.73×-0.82×-0.88×
Interest coverage-21.65×-12.61×-10.46×-11.76×-17.24×-1.89×-4.91×0×
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-54.2%-33.0%-26.6%-36.1%-31.5%19.7%41.6%80.6%
Return on invested capital-36.6%-19.0%-19.9%-20.8%-28.5%-72.1%309.9%1084.6%
Return on assets-22.9%-12.6%-12.4%-15.4%-15.7%-20.8%-48.5%-79.7%
Free cash flow yield-30.4%-5.4%-1.3%-6.5%-33.5%-1.6%-1.2%-0.7%
Earnings yield-44.7%-13.5%-17.0%-24.0%-11.8%-2.0%-1.5%-1.8%
Enterprise value$105.7M$234.8M$180.4M$212.3M$517.5M$1.6B$2.1B$2.1B
Net debt / EBITDA-0.66×0.47×1.88×1.05×1.11×-4.29×-2.11×-0.85×
Cash conversion cycle (days)1511431421491957311-9