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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
-310.5%
-$8.88
vs $4.22 price
Levered DCF
-$6.19
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-4.53
Distress zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-25.27×-0.59×-0.34×-0.83×-2.86×-148.72×20.95×-28.94×
P/B2.31×1.49×0.62×0.76×1.69×32.11×7.66×12.69×
P/S0.29×0.1×0.1×0.23×0.75×3.69×0.89×0.79×
EV / EBITDA2.97×-2.55×-0.64×-1.35×-3.02×82.14×10.54×9.12×
Gross margin73.0%68.6%61.3%53.4%62.4%71.1%72.2%71.0%
Operating margin3.2%-15.8%-26.7%-29.3%-34.0%-0.7%2.5%0.8%
Net margin-1.1%-17.1%-29.0%-28.1%-26.1%-2.5%4.3%-2.7%
Current ratio0.74×0.62×0.72×1.01×1.27×0.77×0.79×0.85×
Debt / equity0.81×0.8×0.4×0.22×0.02×0.42×0.58×0.5×
Interest coverage1.61×-9.62×-15.89×-60.32×-554.7×-11.96×23.9×22.19×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%1.1%4.6%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%21.8%-132.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-9.1%-254.3%-184.4%-91.8%-59.3%-21.6%36.9%-43.9%
Return on invested capital12.8%-114.6%-116.0%-76.3%-69.0%-4.3%13.4%-1255.8%
Return on assets-1.9%-41.0%-55.1%-43.8%-35.8%-6.0%11.1%-8.6%
Free cash flow yield24.0%-4.7%-56.3%-45.5%-44.9%0.7%2.7%6.3%
Earnings yield-4.0%-170.9%-295.1%-120.1%-35.0%-0.7%4.8%-3.5%
Enterprise value$58.7M$44.3M$51.2M$128.1M$555.7M$3.2B$678M$589.4M
Net debt / EBITDA-0.68×-0.14×0.01×0.36×0.53×-0.39×0.14×-0.57×
Cash conversion cycle (days)2420264194544132