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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
-66.3%
$2.42
vs $7.19 price
Levered DCF
$2.12
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
4.88
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.57×-5.19×-7.28×8.57×26.35×3.78×-554.83×-149.25×
P/B2.22×2.31×2.07×3.45×15.24×30.63×20.4×18.39×
P/S2.54×2.9×2.99×2.13×6.02×9.54×20.15×21.45×
EV / EBITDA-4.86×-9.46×2.36×5.8×15.67×39.89×121.55×161.62×
Gross margin18.0%41.8%48.5%80.9%82.4%72.0%53.3%50.9%
Operating margin-3.6%-90.9%-11.0%65.0%69.4%42.2%16.8%13.3%
Net margin-70.4%-55.9%-41.2%24.9%22.8%27.1%-5.9%-14.3%
Current ratio6.6×7.53×8×7.7×7.89×2.54×2.05×1.5×
Debt / equity0.17×1.16×1.47×1.07×1.82×6.67×2.76×2.35×
Interest coverage-0.25×-4.94×-0.69×28.13×18.33×3.9×0.8×0.6×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%2.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-293.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-61.6%-44.5%-28.6%40.4%57.7%86.9%-6.0%-12.3%
Return on invested capital-0.9%-24.2%0.5%23.4%26.7%10.1%3.9%3.2%
Return on assets-17.0%-14.4%-8.0%9.6%9.5%6.1%-1.5%-3.3%
Free cash flow yield-15.0%-3.0%7.0%27.6%7.4%4.7%0.2%-0.1%
Earnings yield-27.7%-19.3%-13.8%11.7%3.8%2.8%-0.3%-0.7%
Enterprise value$716.3M$1.5B$1.7B$3.5B$9.2B$5.5B$5.9B$5.4B
Net debt / EBITDA1.23×-0.35×0.05×-0.08×0.04×2.56×7.58×9.57×
Cash conversion cycle (days)14714617014116620483111