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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
+1428.7%
$28.89
vs $1.89 price
Levered DCF
$27.35
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
0.72
Distress zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.37×-1.78×-2.61×-0.41×41.2×-24.12×-17.9×-13.74×
P/B0.08×0.14×0.34×0.06×0.5×7.18×42.22×2.75×
P/S2.94×6.12×19.77×0.56×3.56×38.95×6.96×0.53×
EV / EBITDA14.78×9.5×3.91×13.65×-6.17×-48.68×-26.17×-35.95×
Gross margin6.0%20.3%-344.0%47.7%56.8%-15.3%-28.0%7.7%
Operating margin-349.3%-517.5%-1104.8%-148.4%3.9%-140.2%-46.4%-1.2%
Net margin-215.6%-345.1%-757.4%-135.8%8.6%-161.4%-38.9%-3.9%
Current ratio27.31×19.47×20.94×17.38×20.32×2×0.74×1.62×
Debt / equity0.02×0.02×0.02×0.02×0.01×0.03×1.32×0.45×
Interest coverage0×0×0×0×463.24×-36.59×-24.8×-4.01×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%3.8%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-52.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-5.8%-7.8%-13.1%-13.8%1.2%-29.7%-235.8%-20.0%
Return on invested capital-8.9%-11.4%-18.1%-14.5%0.5%-23.7%-366.8%-4.0%
Return on assets-5.5%-7.3%-12.3%-12.8%1.1%-21.3%-51.3%-8.2%
Free cash flow yield-70.5%-62.8%-22.7%-53.7%-11.7%-5.2%-2.5%-67.5%
Earnings yield-73.3%-56.4%-38.3%-241.4%2.4%-4.1%-5.6%-7.3%
Enterprise value-$176.4M-$173.9M-$138.9M-$225.9M-$53.4M$729.2M$779.3M$186.7M
Net debt / EBITDA16.39×11.46×6.61×14.75×-27.33×0.74×-0.68×-3.4×
Cash conversion cycle (days)28012870411321713053