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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
+412.8%
$121.95
vs $23.78 price
Levered DCF
-$147.50
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.44
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-2.47×-0.29×-5.13×-0.81×4.56×-0.66×83.43×22.12×
P/B-4.04×5.61×0.28×0.26×0.2×0.13×0.4×0×
P/S0.73×0.51×0.49×0.43×0.43×0.37×0.82×0.77×
EV / EBITDA11.19×-4.96×7.62×31.04×6.4×25.1×7.9×0×
Gross margin27.6%74.3%75.5%81.1%84.3%66.0%84.8%85.6%
Operating margin4.7%-149.4%16.8%-33.6%34.5%-14.1%37.5%41.1%
Net margin-29.4%-176.9%-9.5%-53.1%9.1%-55.5%1.0%3.5%
Current ratio0.86×0.82×1.16×2.54×2.25×1.86×1.35×0×
Debt / equity-26.64×54.05×2.67×2.67×2.1×1.8×2.74×0×
Interest coverage0.11×-4.26×0.49×-1.2×1.44×-0.39×0.98×1.12×
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 equity163.5%-1958.8%-5.4%-32.0%4.4%-20.4%0.5%0.0%
Return on invested capital0.7%-26.1%2.0%-5.0%3.6%-1.5%4.1%0.0%
Return on assets-5.8%-32.0%-1.3%-7.8%1.2%-6.3%0.1%0.0%
Free cash flow yield-1.7%-2.2%13.3%60.6%67.4%89.2%27.1%28.5%
Earnings yield-40.5%-349.0%-19.5%-122.8%21.5%-151.5%1.2%4.5%
Enterprise value$5.3B$5B$5B$4.9B$5.2B$4.8B$6.2B$0
Net debt / EBITDA9.71×-4.49×6.9×28.1×5.82×23.31×6.88×0×
Cash conversion cycle (days)21-88236750