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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
-17.6%
$3.01
vs $3.65 price
Levered DCF
$3.02
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
10.2
Safe 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-9.58×-29.38×-4.25×-3.1×-7.97×-4.34×-4.77×-7.03×
P/B2.05×1.2×1.76×1.65×2.96×3.12×4.33×3.01×
P/S0×3.64×147.54×51.65×32.64×33.65×0×0×
EV / EBITDA-7.15×-13.25×-4.19×-2.79×-7.53×-3.46×-3.48×-4.85×
Gross margin0.0%20.8%-2459.8%-1110.7%-263.7%-569.2%0.0%0.0%
Operating margin0.0%-27.4%-3945.2%-1774.9%-423.0%-811.6%0.0%0.0%
Net margin0.0%-12.2%-3470.1%-1732.4%-421.9%-802.7%0.0%0.0%
Current ratio27.4×22.63×17.71×12.41×11.77×4.23×8.24×17.52×
Debt / equity0.02×0.04×0.05×0.07×0×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
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 equity-21.5%-4.0%-41.4%-55.2%-38.2%-74.4%-94.9%-42.9%
Return on invested capital-23.8%-8.7%-44.9%-53.0%-37.6%-69.6%-59.6%-41.1%
Return on assets-20.4%-3.7%-37.8%-48.5%-34.4%-54.7%-74.9%-38.0%
Free cash flow yield-8.4%-0.9%-22.1%-30.2%-12.8%-18.5%-10.7%-13.8%
Earnings yield-10.5%-3.3%-23.5%-33.5%-12.9%-23.9%-21.9%-14.2%
Enterprise value$525.5M$241.7M$399.1M$305.9M$590.1M$239.9M$280.5M$155.9M
Net debt / EBITDA2.6×2.72×0.15×0.2×0.45×0.82×1.2×2.26×
Cash conversion cycle (days)-4189279455170140-191