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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
-1701.8%
-$29.95
vs $1.87 price
Levered DCF
-$23.27
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-9.56
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022
P/E-0.43×-3.37×-24.23×1,352.5×504.02×
P/B-0.4×-6.29×-20.69×-137.57×-171.64×
P/S0.43×0.51×25.65×3.64×8.39×
EV / EBITDA-3.67×-3.51×-29.09×773.97×741.49×
Gross margin3.2%7.2%3.6%5.1%3.5%
Operating margin-83.5%-14.7%-96.9%0.4%0.2%
Net margin-100.2%-13.7%-106.3%0.3%1.1%
Current ratio0.25×0.78×0.48×0.74×0.49×
Debt / equity-0.66×-0.22×-1.7×-4.4×-0.85×
Interest coverage-5.01×-1.96×-11.24×9.29×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022
Return on equity92.7%168.1%85.7%-10.2%-23.0%
Return on invested capital229.5%225.6%-111.4%3.6%-33.6%
Return on assets-216.5%-34.7%-63.8%2.9%23.9%
Free cash flow yield-1.6%-19.6%-5.7%-0.0%-0.3%
Earnings yield-232.8%-26.7%-4.1%0.1%0.1%
Enterprise value$58.9M$33.1M$89M$79.4M$108.6M
Net debt / EBITDA-2.26×0.07×-2.03×6.72×3.51×
Cash conversion cycle (days)-175-43262014