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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
-616.4%
-$21.28
vs $4.12 price
Levered DCF
-$12.27
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
6.47
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E42.09×33.91×-15.81×-24.74×-66.91×-14.24×-2.46×-6.96×
P/B6.24×8×3.03×4.21×4.37×21.26×-7.31×96.23×
P/S3.47×5.07×3.01×4.03×6.85×10.79×15.68×60.39×
EV / EBITDA28.87×49.08×-16.21×-25.92×-79.89×-16.04×-6.4×-8.25×
Gross margin60.5%61.5%55.5%54.7%54.3%45.3%16.1%25.6%
Operating margin10.0%7.8%-18.3%-16.1%-7.8%-26.0%-355.7%-814.7%
Net margin8.2%14.9%-19.2%-16.4%-7.8%-75.8%-477.0%-860.6%
Current ratio3.73×3.3×4.42×4.78×8.09×1.41×0.78×0.96×
Debt / equity0.06×0.05×0.04×0.06×0.02×0.15×-2.34×7.29×
Interest coverage0×0×0×0×-96.79×-4.36×-2.14×-6.72×
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 equity14.7%23.5%-19.4%-17.1%-5.0%-149.3%222.3%-1371.3%
Return on invested capital14.3%11.7%-17.6%-15.8%-4.6%-44.2%-124.1%-139.5%
Return on assets11.5%17.8%-15.7%-13.8%-4.4%-59.2%-123.6%-81.0%
Free cash flow yield-2.2%2.2%2.3%-8.8%-2.2%0.6%-27.7%-12.6%
Earnings yield2.4%2.9%-6.4%-4.1%-1.1%-7.0%-30.4%-14.3%
Enterprise value$400.5M$420.8M$109.6M$176.2M$233.4M$176.9M$18M$15.1M
Net debt / EBITDA-0.7×-1.66×2.75×2.58×18.9×0.17×-1.26×0.02×
Cash conversion cycle (days)165147242241874934233