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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
-1611.4%
-$124.61
vs $8.25 price
Levered DCF
-$124.82
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-3.69
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E6.19×-17.49×-5.08×-8.63×-13.45×-6.83×-3.67×-8.23×
P/B-13.74×-3.27×-2.53×-7.24×-23.19×-64.69×10.43×-1.14×
P/S1.87×3.45×3.47×7.88×15.78×69.96×8.17×40.32×
EV / EBITDA5.71×178.86×-16.04×-17.87×-21.11×-7.48×-3.84×-9.6×
Gross margin97.8%97.2%98.6%97.6%95.4%90.6%91.6%97.7%
Operating margin39.0%-0.6%-31.3%-54.8%-113.1%-981.1%-203.7%-456.2%
Net margin30.2%-19.7%-68.4%-91.2%-117.1%-1026.4%-223.0%-490.3%
Current ratio2.06×2.63×3.31×4.9×5.46×3.06×1.78×1.65×
Debt / equity-3.68×-1.77×-1.81×-2.52×-5.55×-14.51×2.21×-0.08×
Interest coverage4.32×-0.03×-0.96×-1.5×-3×-12.05×-8.36×-10.27×
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-221.4%18.7%49.7%83.9%172.0%949.1%-284.7%13.8%
Return on invested capital105.2%-0.7%-28.1%-33.2%-36.5%-67.2%-80.9%-84.8%
Return on assets51.3%-18.1%-43.8%-44.9%-31.3%-54.6%-62.1%-69.0%
Free cash flow yield20.0%-3.4%-8.5%-7.6%-5.8%-11.1%-22.5%-11.2%
Earnings yield16.1%-5.7%-19.7%-11.6%-7.4%-14.7%-27.3%-12.2%
Enterprise value$2B$2.3B$1.9B$2.6B$2.6B$1.3B$369.3M$867.8M
Net debt / EBITDA1×57.5×-6.14×-3.04×-0.73×-0.04×0.31×-0.39×
Cash conversion cycle (days)-155-40673798-536-2,365-1,079-4,667