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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
-1803.6%
-$1,265.43
vs $74.28 price
Levered DCF
-$488.91
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
0.22
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020
P/E-273.45×10.84×5.48×-1.88×-2.7×362.57×
P/B5.77×2.96×4.32×1.65×-1.79×-4.79×
P/S7×1.01×1.01×1.87×16.18×88.95×
EV / EBITDA-707.87×3.56×3.25×47.31×-4.32×-150.42×
Gross margin8.7%23.6%29.4%32.3%-30.5%-46.0%
Operating margin-3.3%10.0%18.6%-4.9%-101.4%-200.1%
Net margin-2.5%9.3%18.4%-99.6%-598.8%24.5%
Current ratio1.03×1.03×1.04×1.01×1×1×
Debt / equity0.01×0.07×0.17×0.09×-1.21×-0.2×
Interest coverage-74.34×87.7×140.97×-14.2×-18.04×-9.19×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020
Return on equity-2.1%27.3%78.8%-87.5%66.1%-1.3%
Return on invested capital-1.8%6.6%14.7%-3.3%-19.5%-47.6%
Return on assets-0.1%0.3%1.0%-1.6%-1.2%0.1%
Free cash flow yield2.8%18.1%7.3%-6.3%-7.3%-1.6%
Earnings yield-0.4%9.2%18.3%-53.2%-37.0%0.3%
Enterprise value$17.7B$976.5M$1.2B-$35.1B$2.1B$1.4B
Net debt / EBITDA59.47×-2.59×-0.87×49.26×-1.55×-3.29×
Cash conversion cycle (days)31-03442783195