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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
-133.7%
-$4.21
vs $12.51 price
Levered DCF
-$2.92
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-2.05
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-16.55×-2.73×-5.29×-0.55×14.96×-57.62×-12.29×
P/B-4.81×-4.38×-2.19×-2.86×0.53×9.77×9.62×
P/S14.52×7.04×2.6×1.83×1.31×21.66×21.95×
EV / EBITDA-25.88×-3.42×-33.62×-0.65×10.04×819.56×-234.79×
Gross margin11.9%23.7%24.6%1.3%43.9%15.6%17.7%
Operating margin-70.4%-3.8%1.8%-329.5%30.6%-10.5%-19.6%
Net margin-90.5%-257.5%-49.1%-335.2%8.7%-20.2%-20.0%
Current ratio1.15×6.72×0.2×0.46×2.36×1.02×0.57×
Debt / equity-1.1×-1.46×-1.45×-0.09×0.61×0.3×0.06×
Interest coverage0×-0.52×0.1×-21.79×3.76×-1.43×-49.73×
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%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity30.0%160.3%41.3%524.3%3.5%-9.1%-8.8%
Return on invested capital-14.3%-1.3%2.4%-318.1%5.6%-3.6%-8.1%
Return on assets-12.3%-82.2%-34.6%-265.7%1.9%-5.4%-7.4%
Free cash flow yield-9.7%-1.4%3.7%-33.8%-16.3%-1.9%0.0%
Earnings yield-6.2%-36.6%-18.9%-183.2%6.6%-0.9%-0.9%
Enterprise value$5.4B$4B$2.1B$1.2B$1.4B$1.3B$1.3B
Net debt / EBITDA-3.6×-0.31×-12.91×-0.01×4.98×19.36×-0.15×
Cash conversion cycle (days)222-17-144-29-13-15-54