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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
-2946.9%
-$50.11
vs $1.76 price
Levered DCF
-$60.11
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-3.01
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-1.71×-1.07×-0.6×-0.4×-2.77×-15.21×-4.29×0×
P/B-3.41×-0.96×-1.25×-0.7×12.21×8.44×-7.7×0×
P/S26.17×66.03×8.45×5.16×86.13×4,657.41×1,153.76×0×
EV / EBITDA-3.46×-8.13×-2.06×-1.24×-3.5×-19.87×-23.43×0.07×
Gross margin-125.9%-533.5%-448.3%-755.1%-910.9%-2415.5%-1579.8%0.0%
Operating margin-225.5%-1122.6%-933.8%-1234.4%-2930.1%-17661.6%-5409.7%0.0%
Net margin-849.1%-4394.9%-1401.3%-1282.2%-2701.5%-32257.1%-16024.8%0.0%
Current ratio4.94×2.77×2.01×0.91×4.77×9.38×0.07×0.58×
Debt / equity-0.95×-0.3×-1.88×-1.36×3.5×0.01×-1.03×2.94×
Interest coverage-11.07×-6.21×-2.72×-11.76×-25.9×-1.62×-0.54×0×
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 equity110.5%64.1%207.1%173.2%-382.8%-58.5%106.9%-2427.4%
Return on invested capital-34.6%-87.9%-117.2%-418.4%-91.7%-30.8%-926.8%-568.5%
Return on assets-109.5%-263.5%-123.1%-215.2%-73.4%-51.1%-608.7%-189.4%
Free cash flow yield-8.9%-18.2%-126.1%-234.7%-33.3%-3.0%-4.6%0.0%
Earnings yield-32.4%-66.6%-165.8%-248.7%-31.4%-6.9%-13.9%0.0%
Enterprise value$3.2B$1.3B$277.6M$256.4M$404.7M$899.5M$648M-$2M
Net debt / EBITDA-0.25×-1.57×-1.03×-0.79×-0.08×2.66×-2.74×0.07×
Cash conversion cycle (days)6099844350272-3762,869-332