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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
-70.1%
$13.99
vs $46.73 price
Levered DCF
-$27.13
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.03
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-50.95×-8.25×30.29×-7.89×-4.09×-1.68×-6.52×-3.11×
P/B-2.35×-2.57×-2.91×-2.51×-2.68×-1.78×29.74×-19.8×
P/S0.42×0.44×0.34×0.29×0.33×0.11×0.08×0.05×
EV / EBITDA17.02×25.33×8.64×30.62×-1,972.75×19.77×8.46×6.87×
Gross margin5.9%5.5%10.8%7.5%4.5%4.4%13.1%12.5%
Operating margin1.3%0.2%6.4%2.8%-2.7%-3.2%2.2%3.5%
Net margin-0.8%-5.3%1.2%-3.6%-8.1%-6.6%-1.3%-1.6%
Current ratio1.02×0.89×0.71×0.61×0.7×0.98×0.91×1.61×
Debt / equity-3.36×-3.33×-4.46×-3.54×-4.52×-10.95×149.92×-184.43×
Interest coverage0.25×0.03×1.21×0.75×-0.57×-0.57×0.57×0.79×
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 equity4.6%31.1%-9.8%31.8%65.5%108.3%-454.2%633.3%
Return on invested capital0.7%0.4%13.2%7.7%-5.8%-5.1%5.1%7.3%
Return on assets-1.3%-8.0%1.7%-6.2%-12.0%-8.2%-2.3%-2.6%
Free cash flow yield3.3%-6.7%-20.0%-32.5%-12.2%7.7%48.0%14.7%
Earnings yield-2.0%-12.1%3.4%-12.7%-24.4%-60.7%-15.3%-32.0%
Enterprise value$4.1B$4.2B$3.6B$3.2B$2.8B$1.6B$1.7B$1.6B
Net debt / EBITDA9.79×14.2×5.22×17.78×-1,228.07×16.82×7.04×6.14×
Cash conversion cycle (days)3033362532372631