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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
-109.8%
-$3.88
vs $39.45 price
Levered DCF
-$7.34
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
3.01
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-101.04×-27.37×141.79×14.8×58.23×-119.15×-100×-50×
P/B3.59×2.47×2.58×3.27×7.81×3×-36.93×-59.07×
P/S38.29×12.77×13.88×8.12×23.74×19.09×9.07×9.87×
EV / EBITDA2,848.65×419.02×41.92×13.22×38.2×-76.84×506.68×-154.29×
Gross margin-25.7%-32.8%41.4%79.0%69.7%47.3%7.6%15.0%
Operating margin-64.6%-83.1%-7.0%62.1%49.8%-25.8%-10.4%-13.2%
Net margin-38.3%-32.1%9.6%54.8%40.7%-16.2%-9.2%-20.0%
Current ratio7.24×6.29×10.42×13.27×21.44×13.03×0.88×0.76×
Debt / equity0.44×0.87×0.5×0.52×0.69×0.08×-1.04×-1.86×
Interest coverage-4.61×-7.36×-3.37×56.59×18.57×-6.93×-2.23×-1.77×
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-3.6%-6.2%1.8%22.0%13.4%-2.6%37.5%119.5%
Return on invested capital-2.8%-5.5%-0.6%13.0%7.5%-1.8%-10.1%-11.3%
Return on assets-2.1%-2.8%1.0%12.9%7.1%-2.0%-6.6%-14.0%
Free cash flow yield-3.8%-6.6%-5.7%0.4%-0.3%-0.7%-0.4%1.9%
Earnings yield-1.0%-2.5%0.7%6.7%1.7%-0.9%-1.0%-2.0%
Enterprise value$8.5B$3.2B$3.9B$4.8B$7.4B$2.1B$681.5M$683.7M
Net debt / EBITDA-41.33×81.88×4.52×1.48×-2.52×16.31×11.83×-4.08×
Cash conversion cycle (days)413225209162679312637