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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
-178609.0%
-$1,802.94
vs $1.01 price
Levered DCF
-$319.57
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
0.61
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E14.93×-281.58×132.35×-294.74×183.23×
P/B1.5×91.29×316.15×-227.85×-1,006.14×
P/S0.14×16.51×2.99×3.95×4.02×
EV / EBITDA-295.9×-430.96×418.9×-477.35×163.4×
Gross margin21.2%20.0%22.5%19.7%20.2%
Operating margin-1.0%-4.7%0.2%-2.0%1.3%
Net margin0.9%-5.8%2.3%-1.3%2.2%
Current ratio0.57×0.41×0.99×1.2×1.03×
Debt / equity4.39×5.8×52.55×-28.75×-121.19×
Interest coverage-1.08×-21.76×0×0×9.35×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity10.0%-31.8%238.8%77.4%-548.8%
Return on invested capital-1.6%-3.7%0.2%-4.1%2.0%
Return on assets1.5%-4.1%3.6%-2.2%3.9%
Free cash flow yield26.3%-0.7%0.3%0.9%0.6%
Earnings yield6.7%-0.3%0.8%-0.3%0.5%
Enterprise value$67.9M$1B$190.7M$185.8M$185M
Net debt / EBITDA-219.87×-24.92×54.87×-51.43×17×
Cash conversion cycle (days)31573120