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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
-984.9%
-$36.10
vs $4.08 price
Levered DCF
-$41.51
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-6.37
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-11.69×-9.81×-5×-4.17×-4.6×-9.59×-10.11×-9.45×
P/B19.55×10.54×4.6×3.64×3.86×-14.39×-3.56×-2.87×
P/S27.88×37.26×92.33×83.06×277.6×673.02×663.42×561.77×
EV / EBITDA-23.51×-19.9×-9.82×-11.68×-10.58×-19.18×-36.7×-41.81×
Gross margin31.6%24.0%-45.0%-37.7%100.0%100.0%100.0%100.0%
Operating margin-156.9%-242.0%-1051.7%-1103.4%-3105.0%-2172.6%-2718.6%-2550.0%
Net margin-209.2%-324.1%-1579.4%-1651.7%-5540.6%-6990.2%-6695.7%-5971.1%
Current ratio1.22×1.79×1.37×2.21×5.26×2.56×3.35×3.14×
Debt / equity4.48×2.53×1.53×2.06×1.69×-3.79×-1.87×-1.75×
Interest coverage-2.81×-2.9×-3.76×-2×-1.83×-1.01×-0.7×-0.67×
Dividend yield1.1%1.4%2.8%4.1%0.9%0.0%0.0%0.0%
Payout ratio-15.0%-16.4%-16.2%-20.6%-4.6%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-146.8%-91.7%-78.7%-72.4%-77.0%149.5%36.0%30.5%
Return on invested capital-20.0%-19.3%-20.6%-15.7%-15.9%-16.5%-16.7%-17.2%
Return on assets-24.2%-23.2%-29.3%-22.4%-27.8%-50.9%-38.5%-37.9%
Free cash flow yield-5.8%-6.3%-14.5%-17.6%-24.4%-5.3%-5.2%-5.6%
Earnings yield-7.5%-8.7%-17.1%-19.9%-20.0%-10.4%-10.1%-10.6%
Enterprise value$550.4M$426.6M$240.5M$185.1M$214.3M$452.7M$430.2M$385.3M
Net debt / EBITDA-4.08×-3.2×-2.32×-3.81×-2.85×-3.75×-11.74×-14.99×
Cash conversion cycle (days)39212275-29175374132