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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
+41909.8%
$2,541.59
vs $6.05 price
Levered DCF
-$474.63
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.1
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-5.67×-18.01×2.83×518.91×70.37×427.64×80.26×71.76×
P/B-16.18×16.44×5.91×-5.16×-9.1×-9.38×-14.72×-13.74×
P/S1.06×3.54×3.83×4.46×5.76×4.84×5.49×3.94×
EV / EBITDA20.15×35.89×3.44×16.6×19.84×22.98×19.16×15.38×
Gross margin17.5%38.1%42.2%61.9%61.6%61.4%59.8%57.8%
Operating margin-10.6%-19.1%-13.7%19.0%20.2%18.8%18.4%16.6%
Net margin-18.7%-19.7%135.3%0.9%8.2%1.1%6.9%5.5%
Current ratio2.04×1.9×1.38×3.04×5.06×4.83×5.3×4.65×
Debt / equity-45.91×10.49×3×-2.61×-3.38×-4.13×-5.15×-5.34×
Interest coverage-0.64×-1.6×-1.21×1.69×2.05×1.71×1.75×1.7×
Dividend yield14.5%5.2%5.0%6.3%4.4%4.7%3.8%4.8%
Payout ratio-82.4%-92.8%14.3%3300.8%311.9%2081.9%300.2%341.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity285.3%-91.6%208.9%-1.0%-12.9%-2.1%-18.4%-19.2%
Return on invested capital-2.6%-5.2%-4.4%2.4%8.6%6.9%8.3%8.9%
Return on assets-5.9%-6.4%39.7%0.5%4.9%0.6%4.0%3.9%
Free cash flow yield-19.2%-5.6%-3.1%3.5%3.0%3.1%3.4%4.1%
Earnings yield-17.6%-5.6%35.3%0.2%1.4%0.2%1.3%1.4%
Enterprise value$3.8B$5.8B$5.4B$3.8B$4.3B$3.6B$3.6B$2.6B
Net debt / EBITDA14.61×13.23×1.12×4.93×4.31×5.37×3.41×3.11×
Cash conversion cycle (days)534191-17712915