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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
-2978.5%
-$43.32
vs $1.51 price
Levered DCF
-$45.71
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.79
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-4.9×-5.33×-10.01×-15.76×-9.52×-16.95×-55.28×-101.98×
P/B1.97×1.7×2.64×2.21×2.68×-12.16×3.53×98.73×
P/S3.24×3.27×5.28×6.24×17.34×59.34×48.66×36.22×
EV / EBITDA-9.92×-8.87×-13.76×-15.52×-5.62×-14.37×-76.29×-155.85×
Gross margin40.3%41.7%-24.7%45.4%40.7%42.3%-58.1%33.5%
Operating margin-66.3%-78.5%-60.7%-107.5%-154.5%-85.1%-83.3%-29.5%
Net margin-66.2%-61.2%-52.7%-39.2%-181.9%-431.2%-90.1%-35.5%
Current ratio3.67×4.82×1.96×5.85×7.36×0.25×0.04×4.29×
Debt / equity1.06×0.95×0.39×0.59×0.03×-0.19×0.06×1.93×
Interest coverage-8.17×-18.37×-15.66×-70.41×-60.36×-8.77×0×0×
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-40.3%-31.7%-26.4%-13.9%-28.1%88.4%-6.5%-96.8%
Return on invested capital-18.2%-19.3%-19.0%-21.0%-17.0%24.5%-5.7%-23.7%
Return on assets-17.1%-14.1%-14.4%-7.2%-18.8%-277.6%-5.9%-24.6%
Free cash flow yield-10.2%-10.3%-9.9%-12.2%-7.1%-1.6%-1.5%-1.5%
Earnings yield-20.5%-18.7%-10.0%-6.3%-10.5%-7.3%-1.9%-1.0%
Enterprise value$927.4M$833.2M$1.2B$553.6M$628.3M$1.3B$1.1B$1B
Net debt / EBITDA-2.39×-1.32×-0.26×3.87×1.89×-0.02×-1.25×0.57×
Cash conversion cycle (days)16815013781151506998