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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
-3944.1%
-$40.36
vs $1.05 price
Levered DCF
-$53.94
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-6.52
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E-0.25×-228.13×-467.35×-935.9×-6,759.26×
P/B38.64×-481.73×-306.82×-842.65×5.15×
P/S1.6×22,873.95×2,061.2×1,531.36×0×
EV / EBITDA-1.16×-2,551.63×-466.81×-943.65×-6,787.39×
Gross margin45.4%-99.2%80.2%74.9%0.0%
Operating margin-159.4%-778.9%-381.4%-142.1%0.0%
Net margin-632.8%-1179.2%-441.3%-163.6%0.0%
Current ratio0.79×0.07×17.38×18.64×2.93×
Debt / equity9.43×-0.07×0×0×0×
Interest coverage-22.86×-4.06×0×-95.53×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity-15325.8%24.8%65.7%90.0%-0.1%
Return on invested capital-217.8%-104.4%-101.7%-73.5%-0.1%
Return on assets-343.1%-30.8%-114.5%-81.0%-0.1%
Free cash flow yield-150.4%-0.0%-0.3%-0.1%-0.0%
Earnings yield-396.6%-0.1%-0.2%-0.1%-0.0%
Enterprise value$10.6M$3.9B$905.6M$905.4M$1.5B
Net debt / EBITDA-0.15×-0.11×0.31×0.86×3.52×
Cash conversion cycle (days)-820-3390