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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
-114.7%
-$5.27
vs $35.77 price
Levered DCF
-$0.51
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
16.44
Safe 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-78.15×-8.26×-15×-8.24×-34.21×-59.36×-57.94×37.83×
P/B8.43×2.32×2.44×1.66×3.34×5.7×3.48×2.43×
P/S7.31×2.53×2.96×1.86×3.74×5.62×4.26×2.77×
EV / EBITDA-279.86×-10.26×-19.49×-11.5×-59.4×-158.01×-1,842.24×14.98×
Gross margin29.8%16.6%22.0%21.0%28.6%26.6%29.6%35.0%
Operating margin-10.2%-33.1%-22.3%-22.8%-11.2%-9.4%-5.6%8.9%
Net margin-9.0%-30.6%-19.9%-22.5%-11.0%-9.4%-7.3%7.3%
Current ratio3.79×5.67×6.73×6.69×6.06×4.85×7.93×9.27×
Debt / equity0.16×0.06×0.06×0.06×0.06×0.06×0×0×
Interest coverage-13.92×0×0×0×-185.38×0×0×0×
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-10.3%-28.1%-16.4%-20.2%-9.8%-9.5%-5.9%6.4%
Return on invested capital-9.6%-27.5%-16.5%-18.5%-9.0%-8.6%-4.4%6.0%
Return on assets-7.4%-22.5%-13.6%-16.6%-7.9%-7.4%-5.2%5.6%
Free cash flow yield0.6%-2.0%0.8%-8.0%-2.9%-0.9%-2.4%-1.6%
Earnings yield-1.2%-12.1%-6.7%-12.1%-2.9%-1.7%-1.7%2.6%
Enterprise value$1.8B$448.8M$583M$408.4M$880.4M$1.2B$635.6M$379.8M
Net debt / EBITDA9.46×1.23×1.31×1.19×8.69×12.12×339.71×-5.89×
Cash conversion cycle (days)120121158153159137160119