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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
-401.5%
-$5.49
vs $1.82 price
Levered DCF
-$51.93
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-3.26
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-0.1×-3.59×-18.69×-166.52×2.26×-915.74×215,045.53×-39,287.16×
P/B0.18×-16.07×118.89×121.08×151.83×-285.67×398.77×16,716.91×
P/S2.73×59.37×122.66×15,633.67×60,680.56×226,555.32×0×0×
EV / EBITDA-0.05×-3.99×-5.96×-52.71×144.93×-271.22×212,612.87×-19,688.95×
Gross margin-37.2%1.6%72.3%91.3%140.9%-0.8%0.0%0.0%
Operating margin-2455.4%-1404.1%-2206.9%-30526.8%-30230.6%-9497.5%0.0%0.0%
Net margin-2755.4%-1653.1%-2231.1%-31921.1%36561.8%-84117.0%0.0%0.0%
Current ratio1.39×0.3×0.97×1.76×4.37×3.78×6.97×16.14×
Debt / equity0.66×-0.77×2.64×0.55×0.22×-1.09×0×0×
Interest coverage-40.26×-75.15×-29.17×-17.35×-7.01×-73.76×0×0×
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-178.4%447.5%-2162.5%-247.2%91.5%106.1%0.0%-144.6%
Return on invested capital-95.4%-5082.7%-521.2%-147.3%-59.0%-118.5%-0.1%-78.6%
Return on assets-75.9%-351.1%-333.8%-103.3%64.9%-845.3%0.0%-124.0%
Free cash flow yield-767.6%-13.3%-16.4%-1.9%-0.4%-0.0%-0.0%-0.0%
Earnings yield-1008.2%-27.8%-18.2%-2.0%0.6%-0.4%0.0%-0.0%
Enterprise value$1.5M$129.9M$385.2M$4.6B$19.9B$83B$66.6B$72B
Net debt / EBITDA0.05×-0.14×-0.1×0.45×-0.95×-0.95×-3.49×1.03×
Cash conversion cycle (days)-945-759-1,186-26,5495,167-1,84800