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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
-610.6%
-$10.29
vs $2.02 price
Levered DCF
-$11.79
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.76
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.56×-116.05×-828.3×-441.77×-1,054.82×-1,677.73×-3,919.96×-10,937.6×
P/B0.21×1,285.8×3,119.64×762.54×1,699.16×6,124.12×6,570.94×31,770.44×
P/S10.59×2,618.59×11,383.78×7,897.63×36,639.46×35,864.55×25,629.3×654,949.58×
EV / EBITDA-1.43×-98.57×-605.11×-427.54×-1,072.66×-1,736.75×-3,997.56×-10,959.26×
Gross margin91.7%-11.9%9.5%41.2%42.9%-13.6%39.2%87.7%
Operating margin-351.0%-2673.7%-1929.8%-1971.5%-3475.5%-2129.5%-1604.0%-5580.5%
Net margin-679.6%-2258.1%-1374.2%-1788.1%-3473.6%-2137.7%-653.8%-5988.1%
Current ratio10.33×1.58×3.88×8.4×4.75×1.93×1.9×1.5×
Debt / equity0×0.01×0.02×0.01×0×0.02×0.11×0×
Interest coverage-33.26×-817.82×0×-18.6×0×0×0×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-13.6%-1108.8%-376.6%-172.6%-161.1%-365.0%-167.6%-290.5%
Return on invested capital-7.0%-999.5%-212.2%-101.1%-158.4%-336.6%-357.2%-270.7%
Return on assets-13.5%-331.5%-115.1%-81.4%-128.6%-215.8%-94.5%-102.9%
Free cash flow yield-96.2%-0.8%-0.1%-0.2%-0.1%-0.0%-0.1%-0.0%
Earnings yield-64.2%-0.9%-0.1%-0.2%-0.1%-0.1%-0.0%-0.0%
Enterprise value$56.4M$1.4B$7.3B$6.2B$19.1B$23.7B$38.3B$313B
Net debt / EBITDA0.18×0.08×0.42×1×0.62×0.24×0.5×0.9×
Cash conversion cycle (days)-561582315129-551-47-292-12,163