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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
-4178.9%
-$45.68
vs $1.12 price
Levered DCF
-$14.07
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-6.89
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-0.09×-23.17×-70.29×-182.36×-257.78×-1,575×-1,200×
P/B0.74×-102.22×131.32×73.3×64.84×642.39×1,027.63×
P/S37.52×269.62×622.05×408.15×0×2,255.88×0×
EV / EBITDA-1.22×-25.33×-75.09×-194.06×-268.5×-1,759.57×-1,344.93×
Gross margin20.0%37.4%19.7%38.5%0.0%100.0%0.0%
Operating margin-20757.6%-1148.5%-905.0%-224.3%0.0%-142.1%0.0%
Net margin-14677.1%-1169.7%-879.5%-221.7%0.0%-141.0%0.0%
Current ratio0.11×0.19×0.73×11.52×17.44×12.14×7.53×
Debt / equity2.46×-2.02×0.47×0.17×0×0.04×0×
Interest coverage-9×-25.45×-90.86×-119.05×0×0×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-287.9%443.5%-185.7%-39.8%-25.1%-40.1%-81.0%
Return on invested capital-109.7%-425.9%-130.1%-34.4%-26.1%-38.9%-81.8%
Return on assets-32.5%-99.3%-87.7%-31.8%-24.0%-37.5%-72.5%
Free cash flow yield-658.1%-2.1%-1.6%-0.8%-0.3%-0.1%-0.1%
Earnings yield-391.2%-4.3%-1.4%-0.5%-0.4%-0.1%-0.1%
Enterprise value$6.9M$701.1M$1.8B$2.7B$3.3B$9.2B$9.2B
Net debt / EBITDA-0.86×-0.33×-0.11×1.13×0.95×1.5×1.07×
Cash conversion cycle (days)-110,357-4,988-789380223-339