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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
-20.2%
$5.78
vs $7.24 price
Levered DCF
$5.81
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
0.16
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-12.77×-12×-5.89×-3.27×-3.37×-3.9×-0.62×-0.79×
P/B4.39×3.34×5.79×8.04×2.16×1.89×0.69×2.61×
P/S0×21.82×5.2×37.15×276.24×172.15×4.73×7.21×
EV / EBITDA-10.7×-12.28×-5.74×-3.2×-1.97×-1.8×-0.56×-0.74×
Gross margin0.0%-124.4%-44.8%-755.1%100.0%100.0%-411.6%100.0%
Operating margin0.0%-191.1%-95.6%-1163.9%-8549.9%-4412.6%-769.5%-917.2%
Net margin0.0%-181.7%-88.5%-1137.4%-8175.9%-4401.9%-760.4%-909.1%
Current ratio9.01×7.77×1.63×1.82×8.82×11.33×11.74×6.75×
Debt / equity0.06×0.03×0.25×0.5×0.2×0.13×0.49×0.73×
Interest coverage-35.51×0×0×0×0×0×0×0×
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-34.4%-27.8%-98.6%-246.2%-63.8%-48.4%-111.7%-329.1%
Return on invested capital-33.4%-28.3%-85.3%-109.2%-55.7%-42.9%-75.7%-191.8%
Return on assets-29.5%-23.7%-37.9%-57.9%-48.4%-39.4%-68.8%-164.3%
Free cash flow yield-5.4%-8.5%-21.1%1.6%-26.6%-19.9%-143.6%-117.7%
Earnings yield-7.8%-8.3%-17.0%-30.6%-29.6%-25.6%-160.9%-126.1%
Enterprise value$1.1B$479.6M$121.9M$91.1M$39M$24.4M$4.2M$11.2M
Net debt / EBITDA2.7×0.17×0.43×0.13×1.45×2.14×0.07×0.06×
Cash conversion cycle (days)014688-358466-3245