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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
-203.4%
-$7.11
vs $6.87 price
Levered DCF
-$6.93
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.53
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-7.91×-6.03×-1.24×-5.37×-121.43×-165.48×71.18×53.99×
P/B0.95×1.25×0.62×1.51×2.07×2.81×4.33×9.01×
P/S0.52×0.65×0.4×1.19×2.14×3.18×4.12×7.81×
EV / EBITDA-35.43×-7.92×-0.41×-29.96×18.35×118.99×38.66×52.84×
Gross margin47.6%46.1%40.1%40.7%49.3%44.8%47.5%49.9%
Operating margin-8.7%-12.7%-34.7%-22.6%2.6%-3.9%5.5%10.6%
Net margin-6.5%-10.7%-32.5%-22.2%-1.8%-1.9%5.8%14.5%
Current ratio3.12×2.42×2.86×4.66×5.35×5.39×5.82×6.75×
Debt / equity0.09×0.11×0.11×0.08×0.07×0.03×0.02×0×
Interest coverage0×0×0×0×0×0×0×0×
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-11.8%-20.6%-50.0%-28.2%-1.7%-1.7%6.1%16.7%
Return on invested capital-12.3%-18.8%-42.5%-24.8%-1.6%-3.0%4.3%11.5%
Return on assets-7.6%-12.1%-31.4%-20.7%-1.3%-1.3%4.7%13.8%
Free cash flow yield-11.8%-5.2%-23.4%-13.0%-0.0%2.0%2.3%1.7%
Earnings yield-12.5%-16.5%-80.5%-18.6%-0.8%-0.6%1.4%1.9%
Enterprise value$96.4M$122.5M$23.7M$286.7M$555.8M$780.1M$1.3B$2.6B
Net debt / EBITDA31.71×6.1×1.78×17.11×-6.9×-30.8×-5.69×-4×
Cash conversion cycle (days)5249668870647568