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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
-2128.3%
-$212.97
vs $10.50 price
Levered DCF
-$223.47
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.21
Distress 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-1.21×-1.32×-125.77×-8.21×-922.26×-142.86×-3.93×-33.77×
P/B0.32×0.29×1.5×3.93×11.01×4.17×2.25×9.03×
P/S1.46×1.87×9×22.4×111.09×14.97×5.02×17.87×
EV / EBITDA-0.69×-1.96×-13.36×-21.64×-100.23×-20.11×-7.4×-49.56×
Gross margin-16.7%-32.0%-8.5%-22.7%-22.5%-10.9%-35.0%3.5%
Operating margin-76.6%-139.1%-110.3%-110.1%-93.3%-55.3%-110.2%-49.9%
Net margin-118.8%-112.4%-87.2%-109.4%-145.2%-125.7%-127.7%-52.9%
Current ratio6.63×6.01×7.23×6.76×10.3×3.97×1.34×2.17×
Debt / equity0.2×0.22×0.19×0.14×0.14×0.72×0.83×0.5×
Interest coverage-11.68×-16.09×-18.78×-22.48×-8.81×-2.56×-6.3×-4.93×
Dividend yield1.4%1.5%0.3%0.1%0.0%0.6%0.6%0.3%
Payout ratio-1.7%-2.5%-3.0%-2.2%-3.2%-7.3%-2.4%-8.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-26.0%-17.6%-14.5%-19.2%-14.4%-35.0%-57.2%-26.8%
Return on invested capital-13.8%-17.6%-15.1%-16.6%-7.8%-8.0%-22.9%-14.1%
Return on assets-20.2%-13.3%-11.3%-15.2%-11.5%-17.0%-23.3%-13.9%
Free cash flow yield-64.2%-101.4%-20.9%-5.4%-1.9%-6.5%-21.1%-2.2%
Earnings yield-81.6%-60.2%-9.7%-4.9%-1.3%-8.4%-25.5%-3.0%
Enterprise value$96.3M$217.8M$1B$2.6B$7.4B$1.1B$407.4M$1.6B
Net debt / EBITDA0.96×-0.08×1.48×2.98×4.53×-0.61×-1.86×-1.5×
Cash conversion cycle (days)259383217187329283233225