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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
-288.2%
-$22.74
vs $12.08 price
Levered DCF
-$34.22
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.78
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-1.84×-3.4×-2.21×3.22×8.11×6.58×4.51×3.99×
P/B-1.55×-5.65×7.19×3.65×134.59×-8.67×-4.86×-3.16×
P/S0.8×0.83×0.91×0.96×2.34×2.33×1.88×1.8×
EV / EBITDA-286.72×-224.68×-8.29×3.71×7×6.2×4.93×4.99×
Gross margin-3.1%-3.7%5.8%43.3%48.6%53.6%57.6%62.7%
Operating margin-15.3%-14.0%-34.6%37.0%38.4%47.7%53.9%59.6%
Net margin-43.6%-24.3%-41.1%29.9%28.9%35.5%41.6%45.1%
Current ratio3.78×4.55×3.54×3.43×2.68×3.18×3.1×1.95×
Debt / equity-4.22×-13.86×11.9×2.73×44×-4.31×-2.62×-2×
Interest coverage-0.74×-0.88×-3.69×12.97×7.73×5.95×7.58×8.37×
Dividend yield0.0%0.0%0.9%0.8%0.3%1.1%2.9%45.3%
Payout ratio0.0%0.0%-2.0%2.7%2.7%7.1%13.2%180.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity84.7%166.2%-326.2%113.4%1659.4%-131.9%-107.7%-79.3%
Return on invested capital-8.6%-5.9%-18.2%29.4%37.4%40.3%65.3%83.2%
Return on assets-21.4%-10.7%-19.8%23.9%27.5%30.3%48.8%56.7%
Free cash flow yield-29.9%-16.7%4.0%20.5%12.2%18.5%22.1%22.6%
Earnings yield-54.5%-29.4%-45.3%31.1%12.3%15.2%22.2%25.1%
Enterprise value$1.4B$1.3B$1.3B$2B$4.1B$4.1B$5.1B$5.5B
Net debt / EBITDA-201.66×-146.61×-4.75×1.45×1.65×1.91×1.68×1.91×
Cash conversion cycle (days)164191240226165191163154