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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
-424.6%
-$35.97
vs $11.08 price
Levered DCF
$29.03
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-1.82
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.1×-0.84×-3.84×25.97×-3.14×-25.91×-1,088.33×261.2×
P/B5.03×3.47×1.22×1.49×8.66×-14.43×-12.44×-5.59×
P/S0.05×0.15×0.21×0.22×1.03×2.06×1.39×0.81×
EV / EBITDA-7.34×-1.76×-7.66×11.16×16.74×-463.8×34.37×16.51×
Gross margin43.2%41.2%41.7%43.5%47.1%44.4%43.6%44.5%
Operating margin-4.5%-16.6%-5.7%2.0%5.9%-1.9%4.0%6.3%
Net margin-4.7%-17.5%-5.4%0.8%0.5%-7.8%-0.1%0.3%
Current ratio0.58×0.69×0.85×1.45×1.14×1.04×0.92×1.16×
Debt / equity10.35×2.94×0.64×0.9×0.56×-3.25×-2.69×-2.76×
Interest coverage-5.12×-41.22×-11.7×7.92×1.75×-0.29×0.98×0×
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-442.5%-413.6%-31.7%5.7%4.6%54.3%1.1%-2.3%
Return on invested capital-35.5%-97.8%-18.4%3.4%7.8%-5.3%20.3%5.1%
Return on assets-14.9%-51.1%-12.9%2.2%1.8%-18.4%-0.4%1.0%
Free cash flow yield6.8%-0.6%18.3%1.2%6.2%0.7%1.5%3.3%
Earnings yield-88.1%-119.0%-26.1%3.8%0.5%-3.8%-0.1%0.4%
Enterprise value$43.7M$81.3M$110.7M$145.1M$399.3M$613.1M$618.1M$349.9M
Net debt / EBITDA-4.8×-0.76×-2.53×3.71×0.57×-75.65×5.83×5.22×
Cash conversion cycle (days)5853536239383944