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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
-99.2%
$0.23
vs $29.04 price
Levered DCF
$0.05
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
16.42
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-6.96×-10.31×-13.58×-18.57×-23.56×-8.67×-0.64×-0.21×
P/B3.43×2.18×4.48×6.41×3.95×2.48×0.34×0.25×
P/S1,204.09×231.8×279.16×886.63×356.16×70×9.05×3.28×
EV / EBITDA-6.97×-10.36×-13.59×-19.81×-24.52×-10.49×-0.5×-0.16×
Gross margin100.0%-2229.8%-1614.5%-3389.9%-1046.2%-473.4%-1094.3%-596.7%
Operating margin-19160.0%-2778.9%-2245.3%-4889.0%-1531.8%-854.1%-1540.2%-1640.1%
Net margin-17253.3%-2248.8%-2054.8%-4765.6%-1516.0%-805.9%-1424.0%-1585.1%
Current ratio10.49×18.91×13.87×17.07×24.86×13.93×5.73×7.86×
Debt / equity0×0.01×0.01×0.01×0.01×0.02×0.04×0.04×
Interest coverage0×0×0×0×0×0×0×0×
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-49.1%-21.1%-33.0%-34.4%-16.8%-28.6%-54.1%-121.9%
Return on invested capital-53.9%-25.9%-35.4%-34.3%-16.5%-27.9%-48.6%-105.4%
Return on assets-44.4%-19.9%-30.4%-31.8%-15.9%-25.3%-41.4%-97.0%
Free cash flow yield-11.8%-9.8%-5.7%-5.1%-3.8%-8.1%-145.7%-242.8%
Earnings yield-14.3%-9.7%-7.4%-5.4%-4.3%-11.5%-157.3%-482.6%
Enterprise value$1.8B$1.6B$1.9B$2.1B$1.6B$478.9M$24.8M$11.5M
Net debt / EBITDA0.1×0.16×0.23×0.24×0.55×0.88×0.15×0.27×
Cash conversion cycle (days)4902922939580114115