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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
-100.7%
-$0.19
vs $28.10 price
Levered DCF
$1.59
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
10.21
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/E-48.91×-85.27×-44.53×-25.58×2,485.06×-413.64×20,738.46×846.36×
P/B1.55×2.79×2.02×2.29×3.57×3.86×2.35×1.98×
P/S4.77×6.97×5.47×4.92×8.67×10.03×6.78×6.25×
EV / EBITDA-925.56×530.09×-155.48×47.76×57.86×113.07×80.55×159.5×
Gross margin87.1%88.1%88.0%87.5%90.9%89.3%88.4%89.8%
Operating margin-10.4%-7.1%-13.8%3.2%6.2%-0.8%-2.2%-1.6%
Net margin-9.7%-8.2%-12.2%-19.2%0.3%-2.4%0.0%0.7%
Current ratio9.93×7.09×7.79×5.34×5.33×5.95×6.77×8.15×
Debt / equity0.09×0.02×0.02×0.03×0.03×0.03×0.04×0×
Interest coverage0×0×0×9.81×16.76×-1.72×-3.47×-1.61×
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-3.2%-3.3%-4.5%-9.0%0.1%-0.9%0.0%0.2%
Return on invested capital-3.1%-2.7%-4.8%-4.6%0.6%0.3%-0.0%-0.2%
Return on assets-2.7%-2.8%-3.9%-7.5%0.1%-0.8%0.0%0.2%
Free cash flow yield0.1%0.1%-1.7%0.6%2.4%1.2%-0.2%0.7%
Earnings yield-2.0%-1.2%-2.2%-3.9%0.0%-0.2%0.0%0.1%
Enterprise value$512.8M$732.1M$516.5M$580.5M$961.9M$993.5M$579.1M$464.5M
Net debt / EBITDA18.17×-9.37×5.07×-1.01×-1.49×-1.41×-1.69×-7.64×
Cash conversion cycle (days)10295774537839394