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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
-114.0%
-$0.28
vs $1.97 price
Levered DCF
-$0.27
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
12.01
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-11.9×-5.57×-14.5×37.85×47.62×22.6×73.54×423.75×
P/B2.66×1.41×2.2×1.41×1.88×5.16×6.81×6.43×
P/S2.02×1.08×1.78×1.23×1.44×3.27×4.87×4.1×
EV / EBITDA-10.99×-5.32×-11.26×16.3×14.79×14.07×41.05×78.08×
Gross margin59.5%72.5%73.4%74.9%75.7%76.7%75.8%74.3%
Operating margin-9.5%-22.2%-19.1%4.1%6.3%18.6%7.2%2.8%
Net margin-17.3%-19.3%-12.4%3.3%3.0%14.7%6.6%1.0%
Current ratio4.35×2.87×4.63×6.4×5.25×4.76×4.88×4.82×
Debt / equity0.02×0.1×0.05×0.04×0.07×0.08×0.09×0.04×
Interest coverage-35.93×-5.71×-391×71×75.54×183.74×46.62×25.62×
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-22.7%-25.3%-15.3%3.8%3.9%23.1%9.3%1.5%
Return on invested capital-11.0%-26.1%-16.3%3.2%3.7%20.6%6.9%1.8%
Return on assets-18.2%-19.1%-12.4%3.3%3.2%18.6%7.3%1.2%
Free cash flow yield-4.6%-10.4%-3.4%4.1%-1.1%5.5%0.7%0.7%
Earnings yield-8.6%-17.9%-6.9%2.7%2.1%4.5%1.4%0.2%
Enterprise value$48.7M$29.9M$54.6M$36.1M$43.6M$116.5M$122.3M$104.7M
Net debt / EBITDA0.54×0.46×0.83×-3.11×-3.73×-1.69×-2.71×-4.32×
Cash conversion cycle (days)534557050464613