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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
-101.9%
-$1.54
vs $82.25 price
Levered DCF
-$2.49
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
67.2
Safe 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-9.81×-8.55×-1.23×-0.83×-18.55×-4.59×-7.31×-3.3×
P/B3.16×2.06×0.32×0.32×1.41×2.39×3.97×1.3×
P/S764.98×116.48×18.97×3.69×164.92×0×0×0×
EV / EBITDA-9.31×-8.34×1.81×-0.32×-10.08×-3.92×-6.62×-2.32×
Gross margin100.0%100.0%100.0%100.0%100.0%0.0%0.0%0.0%
Operating margin-8739.3%-1633.7%-1704.7%-462.9%-886.6%0.0%0.0%0.0%
Net margin-7973.3%-1362.8%-1541.2%-443.8%-888.1%0.0%0.0%0.0%
Current ratio13.32×15.22×18.42×9.97×16.63×13.26×10.62×13.95×
Debt / equity0×0×0×0.01×0×0×0×0×
Interest coverage0×0×0×0×0×-20.9×0×0×
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 equity-32.9%-24.1%-25.8%-38.7%-7.6%-52.1%-54.4%-39.5%
Return on invested capital-35.5%-28.6%-28.3%-39.5%-7.3%-52.4%-56.3%-40.8%
Return on assets-30.6%-22.7%-24.3%-34.3%-6.9%-46.4%-47.5%-36.6%
Free cash flow yield-8.3%-10.8%-69.0%-123.3%-25.0%-18.7%-10.7%-26.1%
Earnings yield-10.4%-11.7%-81.3%-120.2%-5.4%-21.8%-13.7%-30.3%
Enterprise value$1.5B$704.9M-$78.1M$9.1M$111.8M$286.2M$496.1M$131.5M
Net debt / EBITDA0.31×0.25×3.05×0.51×11.87×0.8×0.87×1.03×
Cash conversion cycle (days)1847623210-694-557-1,457