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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
+163.4%
$7.94
vs $3.02 price
Levered DCF
$3.27
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-12.81
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022
P/E-2.61×-1.8×-1.8×-1.22×
P/B-0.83×-0.77×-0.89×-0.88×
P/S0.49×0.43×0.43×0.42×
EV / EBITDA-9.94×-4.74×-4.54×-2.35×
Gross margin75.0%74.5%76.3%76.3%
Operating margin-12.3%-18.7%-17.2%-28.8%
Net margin-18.6%-25.8%-23.7%-34.2%
Current ratio0.57×0.56×0.65×0.68×
Debt / equity-0.75×-0.74×-0.84×-0.88×
Interest coverage0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022
Return on equity31.9%46.2%49.2%72.1%
Return on invested capital138.6%170.0%748.4%5614.2%
Return on assets-25.2%-38.2%-33.5%-43.6%
Free cash flow yield-1.3%-13.6%-6.7%-14.7%
Earnings yield-38.3%-60.1%-55.5%-81.9%
Enterprise value$257.1M$237.2M$208.5M$194.9M
Net debt / EBITDA-3.95×-2.02×-1.57×-0.8×
Cash conversion cycle (days)12375633