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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
-2455.6%
-$109.42
vs $4.65 price
Levered DCF
-$95.37
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.48
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.99×-0.69×-0.6×-3.28×-1.76×-0.67×-2.1×-2.68×
P/B-0.16×-0.15×-0.18×-0.73×-2.5×2.86×0.91×0.71×
P/S4.41×7.3×42.15×4.16×4.91×1.38×2.68×4.99×
EV / EBITDA226.8×-14.84×-12.27×114.91×-14.52×-10.81×-69.15×-1,742.63×
Gross margin15.0%-347.6%-2500.0%70.1%-123.9%-91.5%10.0%47.8%
Operating margin-226.3%-1050.0%-6914.3%-96.1%-279.9%-205.0%-127.0%-186.2%
Net margin-221.3%-1057.1%-6957.1%-131.8%-279.9%-205.0%-127.8%-186.2%
Current ratio2.69×0×0.94×5.82×1,388.33×383.25×87.82×43.09×
Debt / equity-1.5×-1.54×-1.91×-3.52×-10.26×26.19×5.38×4.21×
Interest coverage-0.92×-2.11×-2.29×-0.82×-2.46×-2.54×-1.26×-1.01×
Dividend yield0.0%0.0%138.6%0.0%7.7%0.0%0.0%14.1%
Payout ratio0.0%0.0%-84.0%0.0%-13.5%0.0%0.0%-37.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity7.9%21.3%29.4%23.0%142.2%-425.0%-43.5%-26.5%
Return on invested capital-13.0%0.0%-26.1%-3.1%-6.3%-7.8%-3.7%-2.7%
Return on assets-8.8%-20.5%-18.7%-6.0%-9.5%-10.1%-4.9%-3.7%
Free cash flow yield10.8%-57.4%-66.1%-65.3%65.3%-100.3%-39.0%-40.4%
Earnings yield-50.2%-144.9%-165.1%-31.7%-57.0%-148.7%-47.6%-37.3%
Enterprise value$3.6B$3.4B$3.4B$3.7B$3.8B$3.8B$5.1B$5.2B
Net debt / EBITDA204.75×-13.52×-11.19×94.91×-11.56×-9.7×-58.97×-1,478.33×
Cash conversion cycle (days)7482,76413,080-7,334-1861,171-1,009-10,607