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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
-204.0%
-$65.45
vs $62.91 price
Levered DCF
-$89.28
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-1.09
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-9.72×-8.94×-15.32×-10.58×-16.28×-10.55×-4.1×-3.24×
P/B-11.56×-38.91×-20.86×-38.14×14.37×11.83×-55.85×13.26×
P/S86.62×285.13×1,070.22×43.51×49.76×24.02×22.74×10.92×
EV / EBITDA-11.34×-12.08×-19.05×-14.46×-19.93×-16.09×-7.64×-4.12×
Gross margin88.5%-1737.2%-4284.1%-154.6%-127.1%-73.7%-220.5%-183.0%
Operating margin-695.4%-2902.7%-6589.7%-342.8%-264.5%-168.3%-368.0%-282.3%
Net margin-891.6%-3191.1%-6988.6%-411.2%-305.7%-228.0%-452.9%-337.4%
Current ratio4.53×6.17×6.12×9.4×7.45×15.2×8.98×9.36×
Debt / equity-1.95×-5.83×-1.96×-6.95×1.11×1.23×-12.44×1.64×
Interest coverage-5.89×-6.2×-8.6×-6.34×-6.35×-2.43×-3.61×-4.12×
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 equity119.0%435.5%136.2%360.5%-88.3%-112.3%1112.7%-409.8%
Return on invested capital-47.7%-42.8%-66.2%-34.3%-23.8%-18.6%-36.8%-46.4%
Return on assets-55.1%-42.1%-63.8%-38.3%-25.6%-23.8%-42.0%-50.3%
Free cash flow yield-7.0%-7.6%-5.2%-7.6%-5.5%-0.2%-15.3%-29.7%
Earnings yield-10.3%-11.2%-6.5%-9.5%-6.1%-9.5%-19.9%-30.9%
Enterprise value$8.8B$6B$8.7B$4.8B$3.7B$1.4B$710.5M$344.1M
Net debt / EBITDA-1.5×-1.41×-1.41×-2.06×-0.86×-0.64×-1.07×-0×
Cash conversion cycle (days)-73230738-38220-13635