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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
-17.9%
$8.50
vs $10.35 price
Levered DCF
$25.28
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-1.14
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-0.78×72.3×-30.03×2.6×6.58×-0.17×12.55×8.27×
P/B0.66×0.56×0.48×0.86×0.92×0.52×0.47×0.9×
P/S0.25×0.37×0.3×0.51×0.59×0.56×0.85×1.51×
EV / EBITDA5.4×2.5×1.83×1.74×4.19×-1.41×3.24×3.38×
Gross margin8.8%27.4%34.5%50.4%40.2%-20.5%24.9%39.3%
Operating margin-1.8%19.5%28.1%44.6%32.5%-32.9%18.8%32.8%
Net margin-32.4%0.5%-1.0%19.5%9.0%-327.1%6.8%16.7%
Current ratio0.6×0.66×0.43×0.7×0.45×1.18×1.46×1.2×
Debt / equity3.17×1.84×1.43×1.42×2.18×3.03×0.68×0.39×
Interest coverage-0.11×1.51×3.21×6.83×2.83×-1.45×2.49×7.36×
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-84.4%0.8%-1.6%33.3%14.1%-302.7%3.7%10.0%
Return on invested capital-0.7%0.6%-1.0%16.4%14.9%-6.5%2.3%9.1%
Return on assets-12.2%0.2%-0.5%10.4%3.6%-64.7%1.9%6.1%
Free cash flow yield21.9%2.2%4.8%53.0%34.0%-11.4%-57.5%-12.5%
Earnings yield-128.5%1.4%-3.3%38.5%15.2%-582.7%8.0%11.1%
Enterprise value$792.1M$889.4M$692.7M$827.2M$910.5M$897.5M$1.2B$1.3B
Net debt / EBITDA4.37×1.85×1.33×0.98×2.9×-1.2×1.91×0.92×
Cash conversion cycle (days)-57-77-75-113-871-21-63