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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
+54.4%
$12.88
vs $8.34 price
Levered DCF
-$2.09
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
4.33
Safe 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-1.03×10.17×-6.75×-7.62×7.74×6.64×11.66×-12.29×
P/B-3×2.94×1.44×2.42×3.12×1.6×1.41×1.89×
P/S0.15×0.21×0.11×0.25×0.48×0.27×0.24×0.28×
EV / EBITDA-12.12×3.71×26.29×23.24×5.08×2.88×1.96×14×
Gross margin74.9%77.6%78.0%75.9%78.6%76.5%80.0%80.1%
Operating margin-0.4%1.2%-0.7%-0.3%5.7%3.0%4.1%-0.1%
Net margin-14.1%2.1%-1.7%-3.3%6.2%4.1%2.1%-2.2%
Current ratio1.1×1.25×1.07×1.17×1.42×1.33×1.42×1.26×
Debt / equity-1.41×0.78×0.54×0.44×0.08×0.11×0.11×0.07×
Interest coverage-1.05×5.12×0×0×0×0×402.06×0×
Dividend yield0.0%0.0%4.9%4.5%5.7%8.1%3.1%6.5%
Payout ratio0.0%0.0%-33.4%-34.1%44.2%53.6%36.5%-79.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity291.3%28.9%-21.4%-31.7%40.3%24.1%12.1%-15.3%
Return on invested capital10.5%5.7%-5.5%-1.9%28.9%12.5%10.1%2.4%
Return on assets-50.7%6.9%-5.4%-9.1%16.5%9.6%5.2%-6.2%
Free cash flow yield-27.5%7.8%-20.6%-10.7%13.3%12.2%9.6%-5.4%
Earnings yield-97.0%9.8%-14.8%-13.1%12.9%15.1%8.5%-8.1%
Enterprise value$16.9M$20.6M$13.1M$26.7M$53.9M$22.2M$16.7M$27.6M
Net debt / EBITDA-0.84×-0.85×-4.06×-6.59×-2.11×-2.51×-2.56×-10.19×
Cash conversion cycle (days)10611813411687857965