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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
-18436.8%
-$550.10
vs $3.00 price
Levered DCF
-$650.18
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-4.53
Distress 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-0.9×-2.41×-3.1×-8.79×-5.93×-0.35×-0.89×
P/B4.59×1.91×1.81×2.64×7.21×-0.19×0.54×
P/S2.43×9.14×14.72×18.85×1,039.13×62.5×53.49×
EV / EBITDA-1.47×-3.46×-3.82×-11.11×-9.59×0.51×0.4×
Gross margin-92.8%-114.3%-225.2%-170.7%-471.3%22.8%14.5%
Operating margin-258.7%-373.9%-520.7%-426.5%-5645.1%-15071.1%-5619.5%
Net margin-199.3%-336.0%-475.1%-214.5%-9515.6%-18093.1%-6042.6%
Current ratio1.25×4.18×4.72×5.24×16.43×3.58×6.43×
Debt / equity1.2×0.64×0.5×0.54×0.56×-0×0×
Interest coverage-36.82×-91.75×-124.41×-84.78×-1,113.86×-9,362.92×-30.18×
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-376.1%-70.1%-58.3%-30.0%-66.0%54.5%-61.0%
Return on invested capital-53.8%-34.9%-40.7%-37.2%-20.4%-49.2%-50.2%
Return on assets-32.2%-28.1%-33.2%-16.6%-32.7%-51.3%-47.9%
Free cash flow yield-116.2%-39.3%-38.8%-28.8%-5.3%-414.4%-138.3%
Earnings yield-81.9%-36.8%-32.3%-11.4%-9.2%-289.5%-113.0%
Enterprise value$3.2B$8.3B$9.8B$12.1B$24.1B-$364.9M-$105.9M
Net debt / EBITDA0.06×-0.36×-0.41×-0.56×1.61×0.86×1.33×
Cash conversion cycle (days)135108143146245-1,913-1,081