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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
-1108.3%
-$36.80
vs $3.65 price
Levered DCF
-$38.23
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-4.55
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/E283.5×64.3×-81.43×-11.98×-11.81×-12.04×-4.16×-1.77×
P/B-33.97×-22.39×-3.95×-5.41×-5.2×-3.86×-1.32×-0.87×
P/S4.97×6.18×4.89×13.58×14.44×10.69×4×5.48×
EV / EBITDA77.45×22.79×61.36×-27.94×-20.53×-16.86×-8.85×-2.44×
Gross margin82.5%73.2%68.5%42.4%48.5%62.2%55.6%26.5%
Operating margin11.1%25.4%4.4%-64.3%-62.3%-73.5%-70.7%-274.9%
Net margin1.7%9.7%-6.0%-87.6%-107.3%-87.9%-82.3%-312.2%
Current ratio1.7×3.28×3.59×3.49×4.54×1.08×0.93×1.09×
Debt / equity-9.28×-0.61×-1.11×-1.15×-1.38×-0.68×-0.64×-0.59×
Interest coverage2.81×1.91×0.34×-2.59×-2.84×-5.06×-4.09×-8.11×
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-11.5%-35.0%4.8%34.9%38.7%31.7%27.2%49.7%
Return on invested capital5.8%21.0%2.2%-27.0%-16.8%-122.5%-134.6%-175.0%
Return on assets0.7%7.0%-2.5%-29.6%-25.2%-52.7%-55.4%-80.8%
Free cash flow yield0.8%1.9%-0.9%-6.5%-6.7%-4.7%-36.1%-24.9%
Earnings yield0.3%1.6%-1.2%-6.5%-7.4%-8.2%-20.6%-56.9%
Enterprise value$2.1B$1.8B$1B$1.6B$1.3B$753.1M$343.8M$184.1M
Net debt / EBITDA14.48×0.02×2.08×-3.88×-2.7×-1.26×-2.36×-0.41×
Cash conversion cycle (days)19711613813025151221