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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
-416.1%
-$5.41
vs $1.71 price
Levered DCF
-$6.14
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-0.45
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-2.88×-61.97×11.55×-1.15×10.44×55.71×-27.56×-0.91×
P/B0.81×0.41×1.16×1.83×2.13×10.56×2.17×5.73×
P/S1.44×1.61×2.63×2.56×3.92×19.99×1.57×3.95×
EV / EBITDA17.53×6.95×3.26×-6.98×5.92×20.92×13.96×-1.75×
Gross margin-21.0%21.8%32.8%47.8%77.6%75.5%29.1%22.1%
Operating margin-40.2%1.4%28.6%27.5%69.2%65.5%10.6%3.7%
Net margin-49.8%-2.6%23.2%-222.4%37.7%35.7%-5.7%-433.0%
Current ratio1.1×3.72×6.83×3.77×7.66×10.91×2.53×2.69×
Debt / equity0.13×0.12×0.12×0.24×0.11×0.31×0.24×0.13×
Interest coverage-90.32×0.7×9.19×7.38×37.78×36.5×7.37×6.36×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-28.0%-0.7%10.2%-158.8%20.5%18.8%-7.9%-627.8%
Return on invested capital-19.9%-0.6%9.1%15.8%32.4%25.2%11.8%4.7%
Return on assets-23.2%-0.6%8.6%-120.5%17.6%13.5%-5.7%-496.4%
Free cash flow yield-24.9%-85.0%-21.8%0.7%-17.7%-3.1%-2.4%-3.2%
Earnings yield-34.7%-1.6%8.8%-86.7%9.6%1.8%-3.6%-109.5%
Enterprise value$476.3M$217.3M$322M$303.7M$865.6M$1.4B$45.7M$121.8M
Net debt / EBITDA1.76×1.02×0.21×-0.71×0.26×-0×-0.02×0.06×
Cash conversion cycle (days)8735753-13-82-2815575