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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
-9856.9%
-$41.58
vs $0.43 price
Levered DCF
-$30.60
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-9.52
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.88×-0.71×-1.06×-5.63×-20.08×-72.46×-5.03×-1.32×
P/B1.13×1.18×0.74×1.97×5.2×47.28×6.56×2.21×
P/S0.71×1.14×1.54×8.46×54.08×206.86×17.83×13.61×
EV / EBITDA-0.56×-0.58×-0.6×-6.03×-17.91×-73.75×-4.47×-11.78×
Gross margin24.4%29.8%28.4%23.8%11.9%24.1%13.5%31.7%
Operating margin-72.4%-59.6%-75.2%-147.7%-271.0%-286.9%-382.6%-444.6%
Net margin-80.8%-163.7%-145.4%-150.5%-268.3%-287.4%-352.5%-131.0%
Current ratio1.41×2.38×3.18×1.97×11.86×4.19×2.33×3.97×
Debt / equity0.12×0.09×0.06×0.02×0.01×0.06×0.04×0.03×
Interest coverage-10,668.43×-170.06×-29.71×-58.78×0×0×0×-8.18×
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-129.3%-169.6%-70.4%-35.1%-25.8%-65.7%-129.8%-21.3%
Return on invested capital-85.8%-45.2%-28.5%-28.6%-25.7%-61.8%-134.6%-69.1%
Return on assets-56.6%-92.4%-47.5%-25.3%-23.8%-52.5%-80.8%-15.8%
Free cash flow yield-55.7%-40.6%-49.3%-17.1%-4.3%-1.6%-23.6%-38.3%
Earnings yield-114.6%-143.6%-94.7%-17.8%-5.0%-1.4%-19.8%-9.6%
Enterprise value$41.2M$109.2M$111.4M$483.7M$938.2M$1.3B$44.9M$20.6M
Net debt / EBITDA0.43×0.17×0.56×0.39×3.3×1.21×0.39×8.58×
Cash conversion cycle (days)-50168179221178-99-6-14