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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
-755.9%
-$64.87
vs $9.89 price
Levered DCF
-$31.73
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
2.54
Grey 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-5.47×1.22×-16.29×-18.33×-85.7×-61.07×372.92×
P/B0.75×0.5×0.94×0.72×1.88×5.15×36.77×
P/S0.37×0.54×0.49×0.41×1.18×3.24×5.27×
EV / EBITDA-9.2×0.44×74.32×103.64×60.4×-1,270.76×96.75×
Gross margin44.1%47.8%45.7%49.6%51.3%46.9%46.7%
Operating margin-5.6%44.6%-2.6%-1.1%0.4%-5.3%4.7%
Net margin-6.7%44.0%-3.0%-2.2%-1.4%-5.3%1.4%
Current ratio2.2×2.48×2.04×2.22×2.56×2.76×1.86×
Debt / equity0.15×0.16×0.11×0.13×0.05×0.04×3.43×
Interest coverage-33.42×109.8×-4.6×-3.08×2.87×-4.39×2.33×
Dividend yield0.0%0.0%0.0%0.9%9.2%0.0%0.0%
Payout ratio0.0%0.0%0.0%-15.9%-799.8%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-13.6%41.0%-5.7%-3.8%-2.2%-8.5%9.9%
Return on invested capital-9.5%35.5%-4.1%-1.7%-3.1%-8.0%4.6%
Return on assets-8.0%24.3%-3.6%-2.5%-1.5%-6.2%1.6%
Free cash flow yield-15.0%-5.1%-0.4%-24.5%5.3%-1.0%0.3%
Earnings yield-18.3%82.1%-6.1%-5.4%-1.1%-1.6%0.3%
Enterprise value$772.5M$287.6M$444.7M$345M$722M$1.9B$2.6B
Net debt / EBITDA1.65×-0.6×5.79×8.27×-7.66×41.38×7.9×
Cash conversion cycle (days)208432234277206232210