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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
-63.2%
$3.24
vs $8.80 price
Levered DCF
$5.16
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
27.56
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-1.13×-1.52×-2.04×-0.82×-0.48×-0.61×-5.61×-27.84×
P/B0.72×0.72×0.55×0.81×0.43×0.23×6.11×7.22×
P/S-3.74×364.06×0×155.28×193.91×22.62×0×0×
EV / EBITDA-0.07×-0.26×0.62×-0.44×0.33×1.44×-18,258.92×-31.32×
Gross margin100.3%0.0%0.0%0.0%0.0%-36.0%0.0%0.0%
Operating margin317.1%-30310.4%0.0%-20523.9%-38053.2%-3592.0%0.0%0.0%
Net margin329.1%-23956.0%0.0%-18919.2%-40314.1%-3729.2%0.0%0.0%
Current ratio9.52×7.75×21.65×4.09×7.38×13.57×6.24×23.32×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×0×0×0×0×-3,103.5×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-63.3%-47.7%-26.7%-98.5%-88.8%-37.4%-134.3%-25.6%
Return on invested capital-60.9%-60.1%-27.0%-106.2%-83.6%-35.6%-134.9%-20.4%
Return on assets-58.4%-43.7%-25.9%-88.1%-80.5%-35.0%-113.6%-24.7%
Free cash flow yield-80.1%-60.1%-43.6%-130.2%-140.6%-98.6%-0.0%-4.2%
Earnings yield-88.0%-65.8%-48.8%-121.8%-207.9%-164.9%-22.0%-3.5%
Enterprise value$9.3M$36.9M-$48.9M$22.3M-$21.1M-$44.5M$7.3M$2.5M
Net debt / EBITDA1.11×0.95×2.66×0.32×0.84×2.07×3,862.5×3.88×
Cash conversion cycle (days)-41-12,0050-3,800-6,875-30600