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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
-233.5%
-$17.48
vs $13.10 price
Levered DCF
-$10.87
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
1.8
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E20.96×-4.14×-0.85×-3.69×-10.49×-13.7×-2.25×-8.35×
P/B1.2×1×6.59×25.03×27.54×53.62×8.19×17.89×
P/S0.21×0.17×0.34×2.12×4.21×11.17×1.85×3.96×
EV / EBITDA8.64×-88.38×-179.14×-138.67×-376.91×-131.56×167.04×208.15×
Gross margin21.4%21.0%22.0%22.6%22.9%16.4%23.9%25.9%
Operating margin2.6%1.0%-2.2%-4.3%-4.1%-12.0%-2.3%-1.4%
Net margin1.0%-4.1%-4.8%-6.6%-4.6%-9.9%-2.1%-1.2%
Current ratio1.71×1.67×1.1×1.16×1.28×1.34×1.44×1.45×
Debt / equity0.76×1.04×5.15×3.57×2.38×1.55×1.09×0.3×
Interest coverage2.75×0.91×-1.19×-3.31×-6×-20.87×-5.75×-2.83×
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 equity5.7%-24.2%-94.2%-77.9%-30.2%-47.7%-9.2%-5.4%
Return on invested capital6.8%2.8%-6.6%-10.7%-6.7%-15.9%-3.6%-2.8%
Return on assets2.3%-8.3%-8.3%-10.4%-6.4%-13.6%-3.3%-2.6%
Free cash flow yield9.6%-36.1%-3.6%2.0%-0.5%0.0%-1.3%0.9%
Earnings yield4.8%-24.2%-14.3%-3.1%-1.1%-0.9%-1.1%-0.3%
Enterprise value$567.7M$546.5M$932.9M$3.7B$6.8B$16.2B$3.9B$8.2B
Net debt / EBITDA3.27×-44.32×-77.47×-16.85×-29.47×-3.64×19.22×3.04×
Cash conversion cycle (days)76734547778410284