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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
-259.7%
-$4.74
vs $2.97 price
Levered DCF
-$11.98
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-1.02
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-10.16×-8.66×-9.27×-36.59×-25.15×-48.27×-44.82×
P/B5.83×7.8×7.64×5.34×9.76×50.33×195.41×
P/S49.72×83.45×258.06×306.72×0×0×0×
EV / EBITDA-19.92×-10.72×-10.95×-36.37×-22.61×-78.15×-44.99×
Gross margin-86.8%-8.9%-725.0%-274.7%0.0%0.0%0.0%
Operating margin-554.8%-1051.7%-3012.2%-2048.7%0.0%0.0%0.0%
Net margin-492.6%-963.2%-2800.5%-832.3%0.0%0.0%0.0%
Current ratio8.34×5.49×5.3×14.31×19.29×3.04×10.33×
Debt / equity1.99×0.78×0.74×0.02×0.03×0×1.52×
Interest coverage-8.17×-35.75×-51.67×-24.29×-371.78×-219.91×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-57.8%-90.1%-82.9%-14.5%-38.6%-109.5%-436.6%
Return on invested capital-21.2%-49.9%-45.1%-30.4%-15.1%-43.5%-105.9%
Return on assets-17.8%-42.2%-37.9%-11.7%-26.1%-61.0%-97.4%
Free cash flow yield-7.2%-9.6%-8.4%-6.3%-3.0%-2.6%-1.7%
Earnings yield-9.9%-11.5%-10.9%-2.7%-4.0%-2.2%-2.2%
Enterprise value$2B$1.8B$1.9B$1.6B$2.8B$1.8B$720M
Net debt / EBITDA-4.29×0.47×0.24×7.21×3.03×1.27×0.29×
Cash conversion cycle (days)714643-91-583-225-583