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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
-289.5%
-$55.19
vs $29.13 price
Levered DCF
-$72.81
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
3.02
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-24.65×-26.78×-15.88×-13.8×-30.36×-134.83×-4.82×
P/B3.31×23.18×5.18×1.2×5.43×38.71×0.67×
P/S96.75×206.58×113.87×61.28×1,529.82×0×215.15×
EV / EBITDA-24.39×-28.32×-16.85×-14.96×-27.17×-145.96×1.79×
Gross margin40.4%52.2%63.2%23.2%-70.9%0.0%56.0%
Operating margin-487.4%-539.7%-715.7%-770.3%-1843.1%0.0%-4627.5%
Net margin-392.6%-770.0%-715.8%-435.8%-5058.9%0.0%-4467.5%
Current ratio15.5×10.5×10.49×18.43×54.65×20.51×74.77×
Debt / equity0.01×0.05×0.02×0.01×0.01×0.08×0.01×
Interest coverage0×0×0×0×0×0×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-13.4%-86.4%-32.5%-8.5%-18.0%-28.7%-14.0%
Return on invested capital-9.1%-48.9%-30.5%-14.8%-6.1%-26.6%-14.3%
Return on assets-7.8%-65.2%-28.5%-8.1%-16.5%-25.5%-13.7%
Free cash flow yield-2.4%-1.5%-3.9%-8.4%-1.1%-1.1%-23.6%
Earnings yield-4.1%-3.7%-6.3%-7.1%-3.3%-0.7%-20.8%
Enterprise value$11.6B$8.9B$2.5B$641.8M$2.8B$2B-$15.8M
Net debt / EBITDA2.11×0.12×0.19×0.94×3.81×2.27×6.65×
Cash conversion cycle (days)387343534198-69-140-1,647