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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
-93.2%
$0.56
vs $8.32 price
Levered DCF
-$1.01
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
5
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E37.67×-36.23×-12.64×-3.18×327.14×-5.54×-19.15×51.18×
P/B2.69×3.87×2.09×2.62×2.52×4.07×1.13×1.78×
P/S3.66×5.21×2.14×4.27×5.46×6.86×2.75×5.2×
EV / EBITDA23.53×46.59×18.13×-26.39×-109.03×67.53×111.84×58.06×
Gross margin76.2%73.8%64.6%69.7%65.0%72.0%73.4%77.2%
Operating margin9.2%0.1%1.4%-39.3%-29.8%-124.0%-14.3%6.6%
Net margin9.7%-14.8%-17.2%-139.5%1.7%-123.6%-14.6%10.3%
Current ratio2.12×1.72×1.42×1.02×2.63×2.34×1.07×2.34×
Debt / equity0.29×0.33×0.32×0.52×0.39×0.56×0.3×0.25×
Interest coverage8.4×0.13×1.96×-32.31×-36.09×-70.03×0×0×
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 equity7.1%-11.0%-16.8%-85.7%0.8%-73.4%-6.0%3.5%
Return on invested capital4.7%-0.1%0.2%-15.4%-6.1%-45.3%-4.4%1.8%
Return on assets4.3%-6.1%-9.3%-43.7%0.5%-39.2%-3.9%2.4%
Free cash flow yield2.4%0.2%-1.5%-13.5%-1.7%0.6%-0.6%1.1%
Earnings yield2.6%-2.8%-8.0%-32.7%0.3%-18.0%-5.3%2.0%
Enterprise value$1.9B$2.8B$1.7B$2.4B$4.1B$6.8B$3.2B$4.8B
Net debt / EBITDA-0.72×-0.47×0.82×-1.63×-5.87×6.29×13.1×1.41×
Cash conversion cycle (days)9572843955594220