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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
-17278.6%
-$317.80
vs $1.85 price
Levered DCF
-$681.09
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.71
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-9.39×-9.88×-7.78×-11.17×-110.44×0×-27.25×-51.64×
P/B-3.32×-1.71×-2.02×-0.86×-0.5×8.23×46.86×24.3×
P/S1.01×1.71×2.01×5.63×30.43×56.42×38.49×42.14×
EV / EBITDA-51.52×-15.47×-7.23×-7.24×-33.38×-62.07×-96.65×-83.85×
Gross margin21.0%11.4%6.0%-10.4%-30.7%-73.6%-49.9%-57.8%
Operating margin-28.8%-51.2%-95.3%-273.9%-404.4%-447.8%-199.5%-165.6%
Net margin-10.8%-17.3%-26.4%-50.5%-26.6%0.0%-141.3%-82.1%
Current ratio2.19×1.84×2.99×3.15×10.8×0.31×0.35×1.45×
Debt / equity-2.66×-0.35×-0.42×-0.14×0×0.44×0×0×
Interest coverage-18.01×0×0×-7,119.19×-46.64×-41.31×0×0×
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 equity35.6%17.3%26.4%7.7%0.4%0.0%-172.0%-47.3%
Return on invested capital-5.4%-18.5%-21.2%-23.1%-12.8%-37.1%-63.2%-41.0%
Return on assets-4.3%-5.5%-5.3%-3.8%-0.8%0.0%-35.6%-16.5%
Free cash flow yield-32.0%-23.3%-60.4%-84.3%-14.0%-5.4%-4.4%-2.3%
Earnings yield-10.7%-10.1%-13.1%-9.0%-0.9%0.0%-3.7%-1.9%
Enterprise value$1.1B$977.7M$603.3M$509.1M$1.1B$1.7B$1.5B$1.5B
Net debt / EBITDA-7.85×0.43×1.69×2.78×15.18×-1.13×0.09×0.94×
Cash conversion cycle (days)286976721881519-26