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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
-229.8%
-$33.57
vs $25.87 price
Levered DCF
-$34.78
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
4.01
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-34.22×-5.41×-15.83×-9.47×-13.81×-14.87×-12.25×-5.72×
P/B2.21×2.78×2.14×3.73×6.19×15.54×9.54×4.92×
P/S19.62×32.14×5.56×44.95×98.73×158,970.84×53,478.86×0×
EV / EBITDA-196.25×-5.41×-16.53×-9.89×-20.46×-29.38×-13.35×-11.36×
Gross margin84.0%-478.7%100.0%-411.5%-347.8%-429812.5%-303338.9%0.0%
Operating margin-274.6%-654.3%-46.7%-555.6%-757.0%-553166.7%-417522.2%0.0%
Net margin-57.2%-593.1%-35.1%-474.5%-714.9%-810800.0%-435144.4%0.0%
Current ratio13.09×4.82×5.89×4.89×5.96×3.01×3.24×5.79×
Debt / equity0.24×0.22×0.18×0.24×0.18×0.44×0.31×0×
Interest coverage-8.77×0×0×0×0×0×-401.89×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-6.5%-51.4%-13.5%-39.4%-44.8%-79.2%-77.6%-86.0%
Return on invested capital-27.4%-44.4%-13.9%-30.0%-30.9%-37.3%-56.7%-32.3%
Return on assets-5.4%-34.1%-9.1%-21.5%-25.1%-43.1%-50.2%-69.0%
Free cash flow yield-13.1%-17.4%-8.7%-1.0%-2.2%-2.9%-8.8%-5.1%
Earnings yield-2.9%-18.5%-6.3%-10.6%-7.2%-5.1%-8.1%-17.5%
Enterprise value$2.7B$1.9B$1.8B$2.7B$4.7B$3.8B$956.6M$512.4M
Net debt / EBITDA0.08×0.34×2.37×0.2×1.79×0.43×0.08×3.25×
Cash conversion cycle (days)-168-40-112,100-22-52-79