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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
-596.1%
-$8.58
vs $1.73 price
Levered DCF
-$9.27
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-10.29
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-1.82×-1.41×-12.89×-21.92×-77.78×-54.07×-220.87×-69.23×
P/B2.62×1.71×11.84×13.23×42.63×37.75×36.34×41.65×
P/S1.54×1.32×14.41×29.06×18.8×48.39×77.17×31.89×
EV / EBITDA-1.62×-1.11×-13.42×-21.74×-88.93×-48.99×-263.62×-74.86×
Gross margin8.1%9.4%11.3%8.4%15.8%5.1%26.6%24.8%
Operating margin-119.5%-96.7%-117.6%-135.3%-24.0%-104.2%-35.9%-46.4%
Net margin-84.8%-93.6%-110.4%-133.7%-24.0%-103.4%-34.9%-46.0%
Current ratio1.62×2.8×3.51×6.58×4.69×7.1×10×3.56×
Debt / equity0.91×0.11×0.12×0.09×0.17×0.18×0.13×0×
Interest coverage0×0×0×0×0×-20,435.13×-266,983.11×-51,335.96×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-143.5%-121.1%-90.7%-60.9%-54.4%-80.7%-16.5%-60.1%
Return on invested capital-106.1%-112.6%-86.3%-56.4%-46.7%-69.1%-15.0%-60.6%
Return on assets-55.9%-83.7%-64.6%-49.4%-39.8%-63.0%-13.6%-45.6%
Free cash flow yield-49.7%-55.4%-7.0%-3.6%-0.2%-1.6%-0.9%-1.5%
Earnings yield-54.9%-71.0%-7.7%-4.6%-1.3%-2.1%-0.5%-1.4%
Enterprise value$8M$5.1M$74.7M$146.5M$350.3M$345.7M$509.6M$165.1M
Net debt / EBITDA-0.22×0.42×0.61×1.28×1.15×0.37×3.55×0.31×
Cash conversion cycle (days)18314122217754222246210