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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
-175.2%
-$3.05
vs $4.06 price
Levered DCF
-$3.20
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-4.1
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-4.73×-14.45×-117.58×99.14×-85.69×
P/B2.05×6.33×-75.73×-589.79×-85.56×
P/S915.13×1,598.43×1,223.89×3,438.29×0×
EV / EBITDA-6.15×-14.27×-274.96×95.83×-86.24×
Gross margin54.5%82.9%96.0%96.3%0.0%
Operating margin-4611.4%-5140.9%-386.5%-1580.9%0.0%
Net margin-19335.8%-11077.3%-1408.6%3435.8%0.0%
Current ratio1.23×45.33×0.05×0.55×21.16×
Debt / equity0.58×0.01×-0.68×-0.54×-0.04×
Interest coverage-6.21×-60.21×-0.4×-11.4×0×
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-43.2%-43.9%87.2%-589.4%100.0%
Return on invested capital-6.1%-20.1%80.1%590.4%-34.8%
Return on assets-25.1%-42.7%-1730.0%449.6%-307.0%
Free cash flow yield0.4%-1.3%-0.2%-0.5%-0.1%
Earnings yield-21.1%-6.9%-1.2%1.0%-1.2%
Enterprise value$4.2B$5.6B$5.1B$5.1B$5B
Net debt / EBITDA-1.16×0.4×-2.33×-0.1×0.28×
Cash conversion cycle (days)-814-873-1,921-1,6740