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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
-168.7%
-$11.33
vs $16.49 price
Levered DCF
-$11.35
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.5
Grey 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-14×-26.58×-23.11×-7.97×-490.23×1,402.08×367×437.85×
P/B1.8×2.31×2.16×1.15×3.69×8.42×5.79×3.6×
P/S2.07×3.16×3.43×2.25×8.45×13.15×7.19×4.17×
EV / EBITDA-15.87×-434.01×-38.35×-7.01×23.97×40.39×14.55×10.49×
Gross margin38.8%43.9%41.3%36.9%38.6%41.8%48.1%46.0%
Operating margin-9.1%-13.9%-18.2%-30.9%-24.5%-3.1%3.2%3.6%
Net margin-14.9%-11.9%-14.9%-28.3%-1.7%0.9%2.0%1.0%
Current ratio4.26×1.98×6.2×6.73×7.81×6.13×4.55×1.7×
Debt / equity0.56×0.67×0.65×0.61×0.55×0.31×0.26×0.35×
Interest coverage-17.61×-13.92×-15.6×-20.79×-14.45×-1.99×3.5×1.61×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.7%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%1041.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-12.9%-8.7%-9.3%-14.5%-0.8%0.6%1.6%0.8%
Return on invested capital-5.1%-5.8%-6.1%-8.6%-3.7%0.4%2.0%1.5%
Return on assets-7.9%-4.8%-5.2%-8.3%-0.4%0.4%1.1%0.5%
Free cash flow yield-1.4%-1.6%-1.5%-8.4%-2.2%-0.5%0.1%2.6%
Earnings yield-7.2%-3.8%-4.3%-12.6%-0.2%0.1%0.3%0.2%
Enterprise value$614M$655.8M$675.3M$577.3M$1.1B$1.2B$547.6M$333.4M
Net debt / EBITDA-8.08×-157.72×-15.29×-4.22×6.37×-0.37×-1.07×3.22×
Cash conversion cycle (days)8488859091947679