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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
-156.1%
-$3.88
vs $6.91 price
Levered DCF
-$41.99
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
4.9
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E250.17×4.54×-1.83×-23.02×-42.65×-20,714.29×-29,000×
P/B49.35×-11.18×-1.45×2.03×14.39×613.09×652.93×
P/S39.51×14.85×4.53×8.71×66.38×151,177.65×7,814.9×
EV / EBITDA60.21×0.93×-0.26×-10.58×-53.88×-19,658.89×14,729.89×
Gross margin73.5%100.0%44.4%28.9%33.3%44.2%57.3%
Operating margin-101.4%-235.1%-313.3%-108.7%-97.9%-834.2%16.2%
Net margin22.8%327.0%-260.9%-109.3%-155.9%-704.7%-29.3%
Current ratio0.36×0.09×0.01×0.9×1.01×2.01×13.49×
Debt / equity1.51×-4.6×-0.52×0.5×1.49×0.42×0.48×
Interest coverage-4.46×-8.36×-50.85×-15.58×-8.65×0×0×
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 equity28.4%-246.0%83.4%-25.5%-33.8%-2.9%-2.5%
Return on invested capital-36.1%-61.3%39.6%-16.9%-8.5%-2.3%0.9%
Return on assets5.1%36.0%-75.1%-15.5%-12.7%-1.9%-1.5%
Free cash flow yield-4.2%-12.5%-28.7%-14.1%-1.9%0.0%0.0%
Earnings yield0.6%22.0%-57.6%-12.5%-2.3%-0.0%-0.0%
Enterprise value$604.6M$140.6M$111.5M$164.7M$441.5M$3.2B$3.3B
Net debt / EBITDA1.6×0.27×-0.07×-1.66×-4.7×-8.81×6.3×
Cash conversion cycle (days)-690114-117217996818