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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
+104042.4%
$3,165.93
vs $3.04 price
Levered DCF
$3,165.72
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-6.56
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-1.43×-30.87×-82.8×-165.08×-607.46×-2,356.03×-2,327.56×-1,585.65×
P/B0×0.4×70.92×330.97×240.78×428.2×1,334.09×889.2×
P/S16.36×0.74×0×0×35,760.24×16,509.26×362,590.17×1,490.36×
EV / EBITDA2,169.58×21.11×-47.27×-153.8×-444.46×-3,387.02×-9,462.15×-982.98×
Gross margin43.5%95.8%0.0%0.0%-2604.4%-136.7%100.0%36.2%
Operating margin-835.5%-7.2%0.0%0.0%-8095.2%-965.7%-19319.3%-145.5%
Net margin-1145.7%-2.4%0.0%0.0%-5986.9%-704.5%-15255.2%-91.6%
Current ratio27.85×3.56×3.45×2.15×12.46×13.1×1.01×1.82×
Debt / equity0×0.01×0.02×0.04×0.01×0.02×0.96×0.97×
Interest coverage0×0×0×0×-1,154.43×-8.32×-5×-6.5×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-0.1%-1.3%-88.6%-219.7%-40.3%-18.3%-56.1%-54.6%
Return on invested capital-0.0%-1.3%-111.1%-211.5%-49.5%-22.4%-27.1%-31.0%
Return on assets-0.0%-0.9%-56.0%-165.9%-35.1%-16.0%-20.7%-18.0%
Free cash flow yield-64303.7%670.2%-1.2%-0.2%-0.2%-0.0%-0.0%-0.1%
Earnings yield-70.0%-3.2%-1.2%-0.7%-0.2%-0.0%-0.0%-0.1%
Enterprise value-$19.8B-$9.8M$1.2B$4.8B$13.7B$15.3B$11.6B$11B
Net debt / EBITDA2,171.68×45.83×0.47×0.24×1.07×4.6×-4.28×-0.19×
Cash conversion cycle (days)41-965-1,235-5216,427-9146419