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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
-1422.3%
-$60.96
vs $4.61 price
Levered DCF
-$55.00
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.49
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-35.8×-11.62×-6.65×-4.32×-29.73×-50.05×-64.87×
P/B10.1×5.26×4.81×1.64×2.19×-161.66×-23.66×
P/S8.26×5.95×8.76×7.07×27.2×297.6×236.78×
EV / EBITDA-171.18×-16.57×-6.68×-2.16×-175.91×-55.45×-73.91×
Gross margin51.6%57.1%42.1%2.7%17.2%26.9%9.4%
Operating margin-30.7%-79.2%-109.8%-195.3%-228.3%-562.1%-314.7%
Net margin-22.7%-52.0%-132.1%-164.6%-46.5%-572.5%-339.7%
Current ratio1.23×1.26×2.14×4.95×13.61×0.85×2.18×
Debt / equity0.35×0.22×0.01×0.14×0.03×-1.91×-0.06×
Interest coverage-25.87×0×-134.96×-144.59×-8.8×-62.55×-23.62×
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-27.7%-45.9%-72.6%-38.2%-3.8%311.0%33.9%
Return on invested capital-24.3%-44.6%-40.5%-34.3%-15.7%-284.2%-98.3%
Return on assets-10.9%-20.2%-35.6%-24.9%-3.0%-128.3%-81.4%
Free cash flow yield-1.1%-11.0%-11.7%-26.5%-11.7%-2.1%-1.1%
Earnings yield-2.7%-8.7%-15.1%-23.3%-1.7%-1.9%-1.4%
Enterprise value$1.2B$607.1M$638.3M$174.5M$338.6M$1.4B$1.4B
Net debt / EBITDA0.99×0.31×0.69×2.46×154.57×-0.47×0.74×
Cash conversion cycle (days)1151565818464-70-19