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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
-111.7%
-$3.74
vs $31.90 price
Levered DCF
-$5.60
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
4.85
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-39.35×-1.92×-6.1×-2.09×-5.28×-9.78×-6.44×-9.74×
P/B-11.14×-1.99×-131.29×-4.42×9.24×4.67×-171.57×20.4×
P/S31.74×-18.22×6.69×25.01×93.47×141.6×128.9×83.5×
EV / EBITDA-81.5×-1.98×-9.57×-2.97×-4.59×-7.43×-7.49×-9.33×
Gross margin100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Operating margin-36.5%951.2%-74.0%-977.8%-1986.4%-1566.8%-1841.0%-864.2%
Net margin-80.8%947.6%-109.6%-1194.3%-1775.7%-1444.7%-2003.7%-872.2%
Current ratio1.09×1.04×1.75×1.38×2.53×6.58×3.22×3.68×
Debt / equity-1.13×-0.77×-27.42×-1.97×1.72×0.7×-23.32×1.44×
Interest coverage-1.04×-8.46×-3.35×-8×-75.17×-109.39×-9.76×-35.5×
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 equity28.4%103.7%2152.9%210.9%-175.4%-47.7%2667.1%-213.1%
Return on invested capital-74.3%-510.2%-54.6%-176.9%-71.9%-30.4%-108.9%-85.9%
Return on assets-35.4%-101.1%-42.3%-95.4%-46.2%-25.1%-90.6%-65.7%
Free cash flow yield-3.6%-15.6%-5.3%-31.1%-12.2%-8.4%-12.9%-9.1%
Earnings yield-2.5%-52.0%-16.4%-47.8%-19.0%-10.2%-15.5%-10.4%
Enterprise value$983.5M$132.2M$217.4M$131.2M$209.5M$259M$337M$274.8M
Net debt / EBITDA-3.53×-0.02×1.09×-0.27×0.83×2.01×-0.21×0.53×
Cash conversion cycle (days)95-43330217537608180105