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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
-114.1%
-$7.88
vs $55.83 price
Levered DCF
-$24.02
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.35
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-21.47×5.52×21.52×-3.32×-5.59×-17.03×42.39×-0.88×
P/B3.4×1.92×0.74×2.3×0.41×8.96×2.13×3.68×
P/S20.58×11.52×6.54×9.46×2.9×36.26×1.11×2.43×
EV / EBITDA-23.73×4.01×13.78×14.62×41.26×22.77×3.75×-132.02×
Gross margin54.2%46.6%43.6%50.3%67.4%-232.4%2.6%-47.5%
Operating margin-93.6%283.6%9.8%-79.2%-32.2%-257.0%7.3%-97.4%
Net margin-105.5%204.4%22.7%-75.6%-40.2%-212.6%2.6%-276.6%
Current ratio1.09×1.67×0.72×8.15×17.96×1.6×1.68×0.17×
Debt / equity0.3×0.35×0.32×0.13×0.07×0.13×0.61×0.99×
Interest coverage-7.32×15.46×0.38×-9.05×-18.82×-9.53×1.24×-53.23×
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-17.4%34.0%2.6%-18.4%-5.6%-52.6%5.0%-418.8%
Return on invested capital-7.1%24.0%0.7%-16.9%-3.6%-22.4%8.7%-74.0%
Return on assets-9.0%21.9%1.7%-15.9%-4.4%-44.7%3.0%-165.0%
Free cash flow yield-16.3%-17.8%-5.8%-21.7%-72.6%-2.2%5.8%-75.7%
Earnings yield-5.1%17.7%3.5%-8.0%-13.8%-5.9%2.3%-113.7%
Enterprise value$5.2B$2.1B$635.8M$632.4M$130.2M$327.1M$114M$149.1M
Net debt / EBITDA-1.75×0.49×3.52×0.29×-31.5×-0.15×0.76×-25.51×
Cash conversion cycle (days)48-29-15440-50-93-9