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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
+176.9%
$7.17
vs $2.59 price
Levered DCF
$5.15
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
1.74
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-7.02×-72.09×-3.8×-1.76×-8.61×-5.55×-1.83×-14.86×
P/B4.08×1.57×1.14×0.8×2.06×3.75×5.03×2.88×
P/S0.6×0.6×0.31×0.35×1.67×0.46×1.54×7.68×
EV / EBITDA-33.4×10.38×-45.7×-5.04×-175.8×8.94×-3.2×-10.18×
Gross margin25.8%27.3%26.9%28.3%35.3%37.0%36.2%32.8%
Operating margin-2.4%1.0%-8.5%-20.3%-10.3%0.1%-63.5%-42.7%
Net margin-8.5%-0.8%-8.1%-20.1%-19.0%-8.4%-84.0%-51.7%
Current ratio1.37×1.4×1.18×1.07×1.13×0.7×1.18×6.76×
Debt / equity1.7×0.52×0.55×0.45×0.38×4.62×2.51×0×
Interest coverage-1.08×0.39×-3.56×-7.27×-1.82×0.01×-6.01×0×
Dividend yield0.4%0.1%0.3%1.6%0.0%0.0%0.0%1.7%
Payout ratio-2.8%-4.6%-1.2%-2.7%0.0%0.0%0.0%-25.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-57.9%-2.2%-29.9%-45.9%-23.3%-68.5%-274.3%-19.4%
Return on invested capital-5.2%1.4%-16.8%-28.8%-8.4%0.1%-56.6%-12.0%
Return on assets-14.5%-1.3%-16.8%-26.1%-14.0%-10.0%-64.5%-17.4%
Free cash flow yield3.7%8.3%9.8%-3.7%-4.5%15.9%-51.6%-19.4%
Earnings yield-14.2%-1.4%-26.3%-57.5%-11.3%-18.3%-54.5%-6.7%
Enterprise value$458.9M$350.6M$191.9M$169.7M$344.7M$77.6M$71.4M$59.1M
Net debt / EBITDA-7.35×1.13×-10.1×-1.33×-21.12×4.55×-1.04×1.4×
Cash conversion cycle (days)3632243139873100