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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
-735.1%
-$344.35
vs $54.22 price
Levered DCF
$65.17
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-1.02
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-1.24×-8.85×-4.01×-0.88×-15.39×84.62×-88×
P/B0.84×1.1×1.16×1.01×2.25×5.44×6×
P/S0.26×0.5×0.56×0.51×1.74×4.74×7.12×
EV / EBITDA-16.24×13.44×115.46×-2.67×-109.74×28.19×61.59×
Gross margin31.9%42.3%36.9%34.9%38.3%43.0%42.9%
Operating margin-0.2%-0.5%-9.2%-52.7%-7.8%10.7%2.9%
Net margin-20.6%-5.6%-13.9%-58.3%-11.7%5.7%-8.1%
Current ratio2.68×1.99×1.62×2.43×1.6×1.99×1.72×
Debt / equity2.49×1.57×1.57×1.48×0.69×0.92×1.04×
Interest coverage-0.04×-0.09×-1.77×-12.41×-2.29×1.71×0.26×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.8%-0.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-67.4%-12.3%-29.0%-114.1%-15.1%6.5%-6.9%
Return on invested capital-0.2%-0.4%-7.3%-40.7%-5.8%6.2%1.2%
Return on assets-17.0%-4.1%-9.8%-40.4%-7.8%3.1%-3.2%
Free cash flow yield9.1%3.8%12.9%-4.1%-3.8%1.2%0.4%
Earnings yield-80.1%-11.2%-25.0%-113.2%-6.7%1.2%-1.1%
Enterprise value$549.6M$723.7M$766.6M$792.7M$1.8B$3B$3B
Net debt / EBITDA-12×7.78×64.58×-1.54×-25.03×3.99×8.98×
Cash conversion cycle (days)135135961291189973