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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
+2645.3%
$104.19
vs $3.80 price
Levered DCF
-$141.67
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-1.94
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-5.53×-1.31×-11.66×-44.14×-70.67×-66.25×6.93×-485.86×
P/B1.28×0.29×2.36×3.01×3.43×6.86×7.11×10.77×
P/S2.92×0.77×7.4×11.13×15.51×28.73×15.97×35.51×
EV / EBITDA29.5×14.66×35.57×34.23×50.06×146.5×6.79×93.06×
Gross margin-10.3%41.5%43.5%46.6%52.4%43.9%51.3%59.5%
Operating margin7.1%12.5%-9.5%16.4%12.9%-5.2%17.9%15.5%
Net margin-33.4%-20.2%-40.7%5.8%-0.9%-19.4%246.9%0.6%
Current ratio1.42×1.8×1.89×1.46×4.69×0×0×3.37×
Debt / equity1.92×1.55×1.26×0.49×0.49×1×1.32×0.9×
Interest coverage0.21×0.42×-0.32×1.74×1.24×-0.35×2.06×1.11×
Dividend yield6.4%32.7%4.2%2.8%1.6%0.9%1.6%0.4%
Payout ratio-56.3%-124.7%-76.8%540.5%-2591.1%-139.6%10.2%2287.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-14.7%-7.7%-12.9%1.6%-0.2%-4.6%109.9%0.2%
Return on invested capital1.1%1.8%-1.3%2.4%-0.7%14.6%-74.0%1.3%
Return on assets-4.5%-2.8%-5.4%0.9%-0.1%-2.2%51.8%0.1%
Free cash flow yield-4.4%-6.5%-0.2%2.1%3.0%-0.1%0.7%0.7%
Earnings yield-11.4%-26.3%-5.5%0.5%-0.1%-0.7%15.5%0.0%
Enterprise value$835.3M$581.3M$1.3B$1.3B$1.6B$2.5B$2.6B$7.6B
Net debt / EBITDA17.46×12.24×12.05×3.71×5.63×16.37×0.98×6.57×
Cash conversion cycle (days)-3474134-3482281059125