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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
-29217.1%
-$212.55
vs $0.73 price
Levered DCF
-$262.93
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-12.79
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2020FY2019FY2018FY2017
P/E-0.25×0.04×-0.06×-16.58×-62.32×-10.83×-57,425.45×-35,093.33×
P/B-0.02×-0.01×-0.54×-9.27×2.52×5.82×504.39×990.32×
P/S-0.12×-0.23×-1.28×-20.69×35.47×59.99×3,579.61×7,849.77×
EV / EBITDA-0.68×-3.34×-0.09×-9.8×-269.28×-28.59×6,832.44×11,445.48×
Gross margin2.2%312.1%165.8%143.4%79.6%100.0%95.4%81.4%
Operating margin203.9%304.4%2677.8%241.1%-46.5%-224.5%52.1%61.2%
Net margin223.5%-644.0%2118.8%124.8%-56.9%-554.0%-6.3%-22.3%
Current ratio0.01×0.26×0.1×0.1×1.8×1.11×14.46×1.44×
Debt / equity-0.45×-0.71×-0.56×-0.56×0.12×0.41×0.57×1.18×
Interest coverage-4.24×-1.62×-150.84×-16.36×-1.46×0×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2020FY2019FY2018FY2017
Return on equity40.8%-30.6%894.2%55.9%-4.0%-53.7%-0.9%-2.8%
Return on invested capital35.2%-13.6%-1371.6%-130.6%-1.5%-4.9%1.6%0.1%
Return on assets-36.6%14.4%-568.7%-35.5%-1.8%-11.9%-0.2%-0.4%
Free cash flow yield-859.9%-2116.6%-47.2%-4.5%-1.6%-1.5%0.0%-0.0%
Earnings yield-1937.0%2790.8%-1650.6%-6.0%-1.6%-9.2%-0.0%-0.0%
Enterprise value$98.8M$118.4M$249.3M$2.3B$3.7B$3.9B$284.8B$317.7B
Net debt / EBITDA-0.65×-3.29×-0.05×-0.52×-7.32×-1.81×7.31×13.49×
Cash conversion cycle (days)-12,832-3,162-669-958-5890-1,232-958