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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
-174.2%
-$37.69
vs $50.81 price
Levered DCF
$2.68
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
12.98
Safe 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-99.47×-88.8×-120×-7.83×-55.28×-6.11×-7.06×-3.08×
P/B17.4×14.12×7.26×5.42×6.13×10.91×12.12×1.49×
P/S5.69×8.84×3.55×3.34×4.95×4,379.78×133.34×0×
EV / EBITDA107.83×-547.91×454.43×-8.44×-67.27×-5.92×-6.63×-1.22×
Gross margin53.5%60.0%66.6%67.4%88.0%-633.3%52.8%0.0%
Operating margin0.1%-6.7%-3.8%-38.9%-6.8%-69515.4%-1939.6%0.0%
Net margin-5.8%-9.8%-3.0%-42.4%-9.0%-71717.9%-1910.3%0.0%
Current ratio1.57×2.06×1.65×3.1×5.18×6.51×7.65×13.59×
Debt / equity1.19×1.23×0.35×0.5×0.38×0.46×0.43×0×
Interest coverage0.02×-1.3×-1.12×-8.65×-1.43×-30.5×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%2.7%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-8.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-17.6%-15.7%-6.0%-69.0%-11.1%-178.6%-173.6%-48.4%
Return on invested capital0.1%-4.6%-5.7%-42.1%-6.1%-118.9%-123.1%-39.2%
Return on assets-5.0%-5.0%-2.9%-36.0%-7.1%-106.3%-107.3%-45.0%
Free cash flow yield2.2%0.3%5.4%2.9%-7.4%-13.1%-15.5%-21.3%
Earnings yield-1.0%-1.1%-0.8%-12.7%-1.8%-16.4%-14.3%-32.4%
Enterprise value$460.1M$360M$96.3M$61.1M$100.4M$156.7M$120.4M$12.5M
Net debt / EBITDA1.19×-22.92×-75.41×1.35×5.16×0.53×0.41×2.61×
Cash conversion cycle (days)973097-32-79-95723-8,233