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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
+679.9%
$59.00
vs $7.57 price
Levered DCF
$169.25
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.68
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.96×-20.95×16.24×7.5×-58.21×-3.76×18.12×21.02×
P/B2.83×2.37×-3.48×-3.87×-4.03×-3.31×-204.78×124.93×
P/S0.5×1.79×1.13×1.27×2.12×12.24×2.12×1.97×
EV / EBITDA-7.92×16.89×9.15×6.79×17.44×-11.46×10.51×10.47×
Gross margin35.8%40.6%43.3%43.4%91.6%84.6%91.4%91.5%
Operating margin-44.4%11.5%17.0%28.6%11.1%-315.1%21.0%21.5%
Net margin-51.6%-8.5%6.9%16.9%-3.6%-325.1%11.7%9.4%
Current ratio0.69×0.43×0.52×0.61×0.69×1.85×0.91×0.85×
Debt / equity9.82×2.53×-4.05×-3.96×-3.6×-4.42×-142×78.15×
Interest coverage-3.82×1.32×2.16×3.51×0.81×-3.8×3.08×3.39×
Dividend yield0.0%0.6%3.0%1.4%0.0%2.4%6.7%7.6%
Payout ratio0.0%-13.3%49.1%10.9%0.0%-9.0%121.8%160.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-290.9%-11.3%-21.4%-51.5%6.9%87.9%-1129.9%595.1%
Return on invested capital-17.4%-22.3%11.9%22.7%7.5%-19.0%10.8%12.7%
Return on assets-20.5%-2.5%5.6%13.5%-2.1%-21.5%6.6%6.3%
Free cash flow yield-9.8%1.1%5.2%9.7%5.0%-24.6%2.3%6.1%
Earnings yield-102.7%-4.8%6.1%13.3%-1.7%-26.6%5.5%4.8%
Enterprise value$6.9B$9.9B$4.3B$4.6B$5.3B$4.8B$5.1B$4.2B
Net debt / EBITDA-6.12×8.65×4.86×3.36×8.13×-6.17×4.08×3.87×
Cash conversion cycle (days)18141711-316412638