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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
-1476.7%
-$85.90
vs $6.24 price
Levered DCF
-$119.72
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-18.11
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-0.31×-6.48×-12.24×-11.3×-35.13×-323.12×-171.47×-107.89×
P/B0.39×0.36×0.38×0.28×0.73×-11.1×-5.62×-3.92×
P/S1.33×2.66×5.38×8.48×145.44×5,043.79×1,197.77×0×
EV / EBITDA-0.67×-0.58×-0.77×-0.72×-1.85×-24.1×-7.6×-4.32×
Gross margin80.6%100.0%-681.4%-1176.4%-5904.4%-17370.6%100.0%0.0%
Operating margin-450.1%-949.9%-967.4%-1576.6%-7364.1%-21290.9%-14404.2%0.0%
Net margin-433.7%-820.8%-878.6%-1537.8%-7824.7%-26289.2%-14180.0%0.0%
Current ratio3.59×3.2×5.17×7.47×8.87×2.25×4.15×5.12×
Debt / equity0.87×0.44×0.18×0.13×0.1×-0.1×-0.22×-0×
Interest coverage0×0×0×0×0×0×0×0×
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-125.9%-110.4%-61.4%-51.4%-39.4%57.9%66.5%72.7%
Return on invested capital-67.7%-84.9%-53.6%-43.6%-32.1%-133.7%-72.2%-87.7%
Return on assets-58.8%-63.4%-43.3%-38.7%-32.0%-130.5%-62.9%-72.5%
Free cash flow yield-390.3%-300.3%-164.6%-161.5%-32.4%-4.3%-10.4%-16.3%
Earnings yield-326.3%-309.0%-163.4%-181.4%-53.8%-5.2%-11.8%-18.5%
Enterprise value$21.5M$38.4M$51.8M$61.9M$180.2M$1.2B$232.9M$48.9M
Net debt / EBITDA-0.35×-0.27×-0.14×-0.15×0.03×-0.11×0.8×1.2×
Cash conversion cycle (days)-30755-18-1841-14509-1,078