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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
+701.6%
$15.95
vs $1.99 price
Levered DCF
$10.95
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
1.99
Grey zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-23×50.41×7.83×3.06×-2.26×4.35×-4.52×-1×
P/B2.99×1.27×1.05×0.67×1.18×1.27×1.52×0.46×
P/S1.99×1.33×0×0×0×0×-1.66×0.87×
EV / EBITDA6.03×6.46×5.96×1.49×-1.52×-13.09×-1.07×-1.83×
Gross margin39.2%33.7%0.0%0.0%0.0%0.0%100.1%20.3%
Operating margin11.1%21.4%0.0%0.0%0.0%0.0%109.4%12.2%
Net margin-8.9%2.6%0.0%0.0%0.0%0.0%133.0%-87.3%
Current ratio0.92×1.49×4.76×10.1×23.33×18.12×15.45×3.77×
Debt / equity0.17×0.16×0×0×0×0×0×0×
Interest coverage5.35×9.37×1,183.65×1,576.76×-1,893×0×-11,775.2×2.02×
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-13.4%2.5%13.0%23.5%-51.9%28.8%-121.6%-45.8%
Return on invested capital-9.3%12.2%10.0%22.6%-45.3%24.7%-99.3%6.4%
Return on assets-4.9%1.2%12.2%22.7%-50.6%28.2%-118.9%-45.2%
Free cash flow yield6.6%-3.6%-1.7%1.5%-9.2%-2.6%-4.1%-14.6%
Earnings yield-4.5%2.0%12.3%34.9%-43.8%22.7%-80.1%-100.6%
Enterprise value$582.4M$241.4M$156.4M$61.2M$104.2M$191.1M$184.1M$130.2M
Net debt / EBITDA-0.74×-1.79×-2.1×-1.36×0.77×4.22×0.18×0.15×
Cash conversion cycle (days)10190-22,234000-6,014-3