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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
-543.5%
-$93.17
vs $21.01 price
Levered DCF
-$70.40
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-2.24
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2016FY2015
P/E-3.01×-0.65×-33.97×-416.94×-1,207.32×-0.14×1,361.84×3,980.77×
P/B13.44×-2.32×82.22×-2,216.23×539.74×0×714.6×2,510.45×
P/S2.61×1.12×113.91×941.86×278.37×0×136.51×210.52×
EV / EBITDA-9.17×-4.47×-22.28×-712.47×-2,090.7×0×492.56×921.69×
Gross margin77.7%-35.4%-69.3%-75.6%26.1%0.0%48.0%56.0%
Operating margin-64.3%-156.6%-329.1%-217.4%-18.3%0.0%22.3%19.9%
Net margin-86.7%-171.8%-606.1%-222.0%-23.0%0.0%10.1%5.4%
Current ratio0.58×1.98×3.8×2.62×1.32×0×1.32×0.65×
Debt / equity16.55×-13.2×5.48×-6.53×3.5×0×0.15×1.07×
Interest coverage-2.87×0×-9.22×-2.83×-2.37×0×2.64×2.95×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2016FY2015
Return on equity-446.1%354.6%-437.5%522.4%-44.5%0.0%52.8%64.1%
Return on invested capital-8.2%-26.1%-35.6%-89.2%-9.0%0.0%5.0%4.8%
Return on assets-11.0%-22.6%-59.2%-81.0%-9.1%0.0%3.3%2.7%
Free cash flow yield-46.7%-289.4%-1.7%0.2%0.1%-706.5%-0.0%0.1%
Earnings yield-33.2%-153.0%-5.3%-0.2%-0.1%-706.5%0.1%0.0%
Enterprise value$998.3M$691.6M$10.2B$372.9B$366.5B$0$37B$38.7B
Net debt / EBITDA-4.58×-3.6×-0.37×-1.49×-8.15×0×-0.04×-0.05×
Cash conversion cycle (days)-5981,116-16235-5002113