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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
-636.4%
-$112.30
vs $20.94 price
Levered DCF
-$12.75
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.33
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-1.28×-2.94×-91.84×-191.14×-39.17×58.25×-5.37×10.28×
P/B1.02×0.95×0.89×0.84×0.88×0.85×0.82×0.44×
P/S0.67×1.15×1.79×1.85×2.84×2.68×0.85×0.39×
EV / EBITDA-3.44×-7.86×20.93×13.26×32.49×29.49×12.84×7.25×
Gross margin59.8%56.0%58.0%55.6%54.5%53.9%42.1%30.9%
Operating margin-0.8%-36.8%-3.8%-4.6%-4.4%-5.9%6.1%6.5%
Net margin-52.7%-39.2%-1.9%-0.9%5.0%3.8%-15.9%3.8%
Current ratio2.02×2.17×2.43×1.41×2.25×1.68×1.64×1.63×
Debt / equity0.93×0.55×0.16×0.1×0.47×0.68×0.72×0.37×
Interest coverage-0.54×-13.59×-3.33×-2.85×-2.16×-1.25×1.7×4.83×
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-79.5%-32.2%-1.0%-0.4%1.6%1.2%-15.3%4.3%
Return on invested capital-0.6%-18.3%-1.3%-1.8%-0.7%-0.6%1.2%4.4%
Return on assets-30.9%-17.5%-0.7%-0.3%0.8%0.6%-7.1%2.1%
Free cash flow yield1.3%-2.8%0.4%-5.6%6.2%6.2%0.2%10.9%
Earnings yield-78.3%-34.0%-1.1%-0.5%1.8%1.4%-18.6%9.7%
Enterprise value$2.9B$3.8B$3.6B$3.2B$5.5B$5.3B$5.2B$2.4B
Net debt / EBITDA-1.62×-2.82×2.95×1.28×8.72×12.82×5.86×2.88×
Cash conversion cycle (days)23221523421617833410268