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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
-131.1%
-$0.83
vs $2.68 price
Levered DCF
-$0.23
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
7.75
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-6.59×-3.5×-5.35×-0.71×-4.92×-404.92×165.21×267.12×
P/B3.17×-279.9×-4.74×-2.27×4.95×10.28×88.41×0×
P/S15.18×6.57×2.06×0.56×4.16×11.3×14.02×20.88×
EV / EBITDA-7.2×-4.4×-21.84×-5.68×-6.81×170.46×160.22×0×
Gross margin22.3%28.6%26.2%27.7%23.4%23.7%23.8%23.7%
Operating margin-65.3%-84.3%-25.2%-71.3%-53.9%-5.0%8.7%7.9%
Net margin-230.2%-186.8%-45.5%-71.8%-84.9%-2.8%8.5%7.8%
Current ratio1.78×0.46×0.93×1.52×2.94×2.85×3.7×0×
Debt / equity0.04×-39.42×-2.98×-5.29×1.59×1.07×0×0×
Interest coverage-4.6×-5.2×-2.75×-7.66×-10.11×0×50.25×93.26×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.9%0.1%0.3%
Payout ratio0.0%0.0%0.0%0.0%0.0%-383.4%13.4%67.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-48.0%7957.6%104.9%294.1%-101.0%-2.5%53.5%0.0%
Return on invested capital-10.7%-93.4%-29.3%-68.1%-24.7%69.2%54.5%0.0%
Return on assets-32.9%-86.0%-35.3%-57.0%-32.2%-1.2%39.2%0.0%
Free cash flow yield-2.4%-4.7%-6.9%-57.7%-3.4%0.1%0.4%0.2%
Earnings yield-15.2%-28.4%-22.1%-129.4%-20.4%-0.2%0.6%0.4%
Enterprise value$1.9B$1.1B$487.4M$273.7M$731.4M$1.1B$1B$0
Net debt / EBITDA0.24×-0.37×-7.53×-3.9×-1.17×14.68×-0.26×0×
Cash conversion cycle (days)4365282438682610