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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
-152.4%
-$5.09
vs $9.72 price
Levered DCF
-$1.14
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.56
Distress 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-105.7×-18.87×-5.45×-1.66×-6.02×-29.2×-18.49×-31.98×
P/B7.73×7.17×4.09×1.93×3.52×-9.2×-10.49×8.48×
P/S0.87×0.52×0.36×0.17×0.46×2.13×3×8.08×
EV / EBITDA102.15×-48.9×-9.8×-2.8×-6.83×-36.4×-20.49×-32.72×
Gross margin10.6%17.7%18.0%18.0%17.3%17.8%18.9%21.4%
Operating margin-0.4%-2.7%-6.4%-9.8%-7.7%-7.3%-16.8%-26.9%
Net margin-0.8%-2.7%-6.6%-10.0%-7.7%-7.3%-16.3%-25.3%
Current ratio0.86×0.93×0.96×1×1.82×2.13×4.19×8.85×
Debt / equity0.61×1.22×1.25×1.48×0.69×-0.59×-0.7×0×
Interest coverage-3.26×-24.19×-29.16×-163.72×-205.42×-455.5×0×0×
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-7.5%-37.7%-74.9%-116.3%-58.6%31.3%56.9%-26.5%
Return on invested capital-2.2%-16.4%-31.7%-45.5%-33.6%-23.4%-30.2%-26.3%
Return on assets-3.8%-13.1%-27.7%-39.2%-27.4%-19.8%-26.4%-23.1%
Free cash flow yield3.4%3.6%-2.1%-36.3%-2.7%-1.3%-6.3%-3.1%
Earnings yield-1.0%-5.3%-18.3%-60.3%-16.7%-3.4%-5.4%-3.1%
Enterprise value$6.3B$3.2B$2.1B$1.4B$2.9B$8B$7.1B$7B
Net debt / EBITDA4.48×-4.17×-1.7×-0.8×0.09×-0.33×0.05×0.6×
Cash conversion cycle (days)24332611-2