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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
-108.4%
-$17.10
vs $203.75 price
Levered DCF
-$13.32
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
8.7
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-234.84×-170.85×-10.42×-11.31×-19.76×-22.22×-2.66×-2.2×
P/B27.18×8.98×6.27×10.43×-85.81×50.44×-3.31×-5.8×
P/S10.32×3.43×2.36×2.96×3.91×5.01×1.1×0.72×
EV / EBITDA1,068.65×64.67×-29.14×-21.25×-64.87×-109.4×-11.67×-11.13×
Gross margin29.0%27.5%14.8%12.4%20.1%20.3%12.1%13.5%
Operating margin3.6%1.6%-15.7%-21.8%-12.0%-10.7%-30.0%-23.0%
Net margin-4.4%-2.0%-22.7%-25.1%-16.9%-19.8%-38.8%-36.9%
Current ratio5.98×3.21×3.6×1.95×2.35×1.42×0.82×2.37×
Debt / equity3.89×2.72×2.9×2.99×-25.35×11.59×-4.21×-12.38×
Interest coverage1.35×0.37×-1.93×-4.88×-1.7×-1.08×-2.5×-1.61×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio-1.1%-5.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-11.5%-5.2%-60.2%-88.4%371.0%-199.9%117.3%298.4%
Return on invested capital1.9%1.1%-10.4%-17.8%-8.1%-7.3%-21.5%-15.0%
Return on assets-2.0%-1.1%-12.5%-15.5%-9.5%-10.8%-23.0%-19.7%
Free cash flow yield0.3%0.7%-14.5%-8.7%-2.9%-3.4%13.1%-26.4%
Earnings yield-0.4%-0.6%-9.6%-8.5%-4.3%-4.0%-35.4%-51.5%
Enterprise value$21.4B$5.8B$3.9B$4.2B$4.5B$4.6B$1.8B$1.4B
Net debt / EBITDA26.83×8.14×-5.85×-3.38×-10.42×-15.7×-5.94×-7.04×
Cash conversion cycle (days)21127322412878974991