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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
-85.0%
$1.93
vs $12.87 price
Levered DCF
$16.63
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
12.8
Safe zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E107.86×77.62×23.94×31.85×-273.24×20.08×50.21×169.72×
P/B11.16×11.58×8.1×5.77×8.54×9.72×191.51×-60.02×
P/S3.42×2.34×1.54×0.77×1.47×1.98×2.28×2.7×
EV / EBITDA43.75×43.14×14.15×17.62×73.92×18.6×29.16×38.19×
Gross margin25.1%24.8%29.4%20.8%25.2%31.3%29.6%34.7%
Operating margin4.9%4.0%8.6%3.0%0.2%8.5%6.2%5.2%
Net margin3.1%3.0%6.4%2.5%-0.5%10.0%4.5%1.6%
Current ratio2.17×1.28×1.41×1.32×1.3×2.19×1.34×1.32×
Debt / equity0.27×0.41×0.67×1.04×1.9×0.24×14.88×-4.6×
Interest coverage17.82×9.89×15.57×4.3×1.09×22.35×3.78×1.45×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.7%1.5%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity10.0%14.9%33.5%18.4%-3.1%48.9%381.2%-35.5%
Return on invested capital9.6%11.0%20.8%11.0%-2.0%33.6%32.6%31.9%
Return on assets6.2%7.9%14.5%6.7%-0.8%29.0%15.4%5.9%
Free cash flow yield1.7%0.0%6.8%6.8%0.1%4.0%2.0%0.5%
Earnings yield0.9%1.3%4.1%3.2%-0.4%5.0%2.0%0.6%
Enterprise value$581.9M$291.2M$160.7M$80.8M$83.9M$79.6M$82.6M$82M
Net debt / EBITDA-0.41×0.44×0.18×1.88×12.86×-0.27×1.97×2.46×
Cash conversion cycle (days)24734589350