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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
-4903.2%
-$96.54
vs $2.01 price
Levered DCF
-$538.00
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-14.17
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-0.13×-9.13×-24.16×-1,496.89×2,706.81×-8.64×-2.7×-63.59×
P/B0.12×24.8×-182.26×6,233.07×-322.12×-25.54×-8.09×-148.99×
P/S0.07×27.51×22.76×2,813.55×928.73×138,411.43×12,580.16×51,973.26×
EV / EBITDA-1.67×-85.36×-80.22×17,421.41×737.06×-101.14×-10.42×-75.06×
Gross margin25.4%39.0%40.6%36.6%35.3%81.6%85.1%94.9%
Operating margin-42.9%-55.5%-26.1%-24.7%-36.2%-16660.1%-14535.9%-70850.2%
Net margin-46.3%-71.8%-75.5%-103.1%-20.2%-211235.8%-144576.3%-81729.0%
Current ratio0.21×0.36×0.12×0.07×0.06×0×0×0.01×
Debt / equity0.53×0.43×-8.67×1.1×-0.45×-0.09×-0.19×-0.37×
Interest coverage-7.05×-3.44×-1.04×-0.25×-0.28×-0.23×-0.7×-7.04×
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-83.3%-64.7%604.7%-228.5%7.0%39.0%92.9%234.3%
Return on invested capital-50.5%-35.0%-27.2%-26.1%22.9%3.4%11.6%321.8%
Return on assets-39.1%-37.9%-58.0%-84.5%-4.3%-14916.8%-1107234.6%-2814.5%
Free cash flow yield-257.4%-3.6%-0.4%-0.0%-0.0%-0.1%-0.6%-0.7%
Earnings yield-691.1%-2.6%-3.3%-0.0%-0.0%-1.5%-11.5%-1.6%
Enterprise value$15.9M$929.6M$848.9M$95.6B$7.5B$967.4M$305.3M$1B
Net debt / EBITDA-1.34×-1.21×-3.5×2.91×0.74×-0.36×-0.24×-0.18×
Cash conversion cycle (days)123-22-21-17-316,635-564,050-352,393