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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
-84.8%
$0.88
vs $5.79 price
Levered DCF
$1.93
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
3.2
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-53.45×-9.9×-30.08×-16.84×-33.63×-36.86×-8.83×-175.66×
P/B2.08×1.49×1.66×1.97×2.2×3.21×2.02×1.92×
P/S2.05×0.9×0.84×1.16×1.36×2.07×1.57×1.53×
EV / EBITDA-281.84×-22.08×29.27×215.2×204×383.04×-58.77×29.53×
Gross margin42.7%42.1%40.1%42.9%42.9%46.2%44.9%56.0%
Operating margin-3.1%-8.9%-1.8%-5.1%-3.9%-4.7%-17.6%5.8%
Net margin-3.5%-9.3%-2.8%-6.8%-4.1%-5.7%-17.9%-0.9%
Current ratio3.66×2.54×2.95×2.08×2.53×1.89×2.19×3.33×
Debt / equity0.07×0.28×0.33×0.4×0.3×0.13×0.18×0×
Interest coverage-20.01×-21.53×-3.12×-4.49×-3.4×-10.59×-44.09×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-3.5%-15.3%-5.6%-11.6%-6.7%-8.8%-23.1%-1.1%
Return on invested capital-2.8%-11.0%-2.6%-6.1%-3.6%-6.4%-19.2%7.2%
Return on assets-2.6%-9.2%-3.3%-5.9%-3.9%-5.6%-15.8%-0.8%
Free cash flow yield3.7%6.1%12.7%-1.6%-6.6%2.4%-3.3%-3.7%
Earnings yield-1.7%-10.3%-3.3%-5.9%-3.1%-2.7%-11.4%-0.6%
Enterprise value$195.9M$111.9M$135.3M$170.4M$182.8M$144.4M$94.3M$53.4M
Net debt / EBITDA75.07×-0.21×0.07×22.47×7.83×-9.89×-0.33×-10.12×
Cash conversion cycle (days)134151140267168135165170