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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
-259.0%
-$158.89
vs $99.97 price
Levered DCF
-$117.07
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.87
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-2.16×-52.05×-2.5×7.83×32.53×-39.98×-37.02×-70.86×
P/B5.42×0.31×0.21×0.06×0.71×0.59×1.14×0.69×
P/S2.08×0.4×0.25×0.07×0.12×1.1×2.22×1.37×
EV / EBITDA-3.83×13.61×-114.49×5.36×0.74×5.74×6.93×7.58×
Gross margin25.8%36.0%29.8%34.5%36.9%60.6%58.3%62.7%
Operating margin-0.6%-1.9%-1.6%12.0%17.3%6.0%3.9%8.8%
Net margin-96.6%-0.8%-10.0%13.3%12.5%-2.1%-3.3%-1.9%
Current ratio0.42×1.39×0.61×1.05×4.19×2.04×5.72×2.66×
Debt / equity5.38×1.48×1.3×1.2×0.49×0.71×0.68×0.8×
Interest coverage-0.06×-0.63×-3.08×28.19×30.79×0.76×0.29×0.84×
Dividend yield0.0%0.0%0.0%0.1%0.0%0.0%0.1%0.3%
Payout ratio0.0%0.0%0.0%0.1%0.0%0.0%-4.3%-24.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-251.4%-0.6%-8.6%11.5%74.1%-1.1%-1.7%-1.0%
Return on invested capital-0.2%-0.5%-0.5%3.2%46.0%1.7%1.1%2.2%
Return on assets-33.7%-0.2%-3.0%4.2%41.1%-0.6%-0.9%-0.5%
Free cash flow yield-3.4%-4.7%-15.7%41.1%6.8%4.2%4.2%5.2%
Earnings yield-46.4%-1.9%-40.0%178.6%104.9%-1.9%-1.5%-1.4%
Enterprise value$60.4B$31.8B$28.3B$24.6B$3.5B$3.7B$5.2B$5.2B
Net debt / EBITDA-1.84×10.92×-97.29×5.06×0.24×2.52×1.32×3.44×
Cash conversion cycle (days)261721113241915