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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
-2519.8%
-$34.65
vs $1.43 price
Levered DCF
-$137.71
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-2.26
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-93.29×-35,868.2×-83,112.24×-14,004.55×9,920×14,880,000×-12,400×-41,333.33×
P/B174.04×-8,416.36×-9,726.75×-10,417.16×192.38×22,503.99×21,452.54×158,069.26×
P/S195.26×10,347.91×11,625.06×17,930.55×0×27,296.2×39,925.55×1,003,027.14×
EV / EBITDA-103.97×-78,351.89×-313,142.98×-15,065.53×10,065.54×345.55×-12,057.43×-40,086.56×
Gross margin57.0%56.0%53.6%1.8%0.0%-6.3%38.5%70.1%
Operating margin-106.7%-22.7%-13.7%-122.1%0.0%0.2%-343.2%-2507.4%
Net margin-209.3%-22.9%-14.0%-122.5%0.0%0.2%-324.4%-2423.7%
Current ratio1.21×0.02×0.25×0.23×9.11×2.41×2.72×8.3×
Debt / equity2.5×-0.76×-0.95×-1.1×0×0.01×0.02×0.02×
Interest coverage0×-90.44×-52.93×-348.13×0×0×0×0×
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-186.5%18.7%11.7%71.2%1.9%0.2%-174.3%-382.0%
Return on invested capital-26.7%77.0%213.0%-745.6%-0.1%0.2%-171.7%-376.2%
Return on assets-45.3%-45.7%-15.8%-80.1%1.8%0.1%-149.7%-336.9%
Free cash flow yield-0.6%-0.0%-0.0%-0.0%-0.0%0.1%-0.0%-0.0%
Earnings yield-1.1%-0.0%-0.0%-0.0%0.0%0.0%-0.0%-0.0%
Enterprise value$664M$38B$36B$34B$64.2B$195.1B$180.4B$107.3B
Net debt / EBITDA-1.05×-6.97×-23.61×-1.3×-0.15×-0×0.06×0.24×
Cash conversion cycle (days)-32-211011881-134