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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
+44.1%
$23.46
vs $16.28 price
Levered DCF
$27.68
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
1.51
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-3.53×-7.57×-2.71×-5.18×-1×-0.36×-1.83×4.8×
P/B60.45×0.89×0.74×0.28×0.22×0.18×0.15×-6,787.65×
P/S0.5×0.17×0.18×0.07×0.04×0.05×0.04×0.2×
EV / EBITDA14.28×6.18×10.13×5.96×9.93×9.13×13.62×12.57×
Gross margin23.7%20.4%16.9%12.6%6.5%14.0%9.4%5.7%
Operating margin12.2%9.5%3.9%4.3%1.0%-7.5%-0.0%1.5%
Net margin-5.7%1.1%-3.5%0.9%-2.3%-12.2%-5.2%4.1%
Current ratio1.05×1.3×1.21×1.16×1.21×1.11×0.92×1.45×
Debt / equity129.59×4.56×2.87×2.18×2.67×2.34×1.48×-8,473.65×
Interest coverage1.51×1.18×0.64×0.94×0.33×-1.97×-0.02×0.77×
Dividend yield7.2%50.9%39.8%0.0%0.0%54.0%73.8%13.7%
Payout ratio-63.0%775.5%-212.4%0.0%0.0%-22.2%-61.6%65.7%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-695.5%5.8%-13.9%3.8%-14.2%-43.2%-17.6%-141194.9%
Return on invested capital11.0%8.4%4.0%5.4%1.7%-7.6%-0.1%2.7%
Return on assets-4.3%0.9%-2.9%0.9%-3.0%-10.8%-6.1%6.1%
Free cash flow yield9.2%8.6%6.7%78.3%22.0%44.5%-27.7%-6.8%
Earnings yield-11.5%6.6%-18.8%13.5%-64.1%-243.2%-119.8%20.8%
Enterprise value$4.9B$3.7B$3.7B$3.3B$3.8B$3.7B$3.6B$3.9B
Net debt / EBITDA9.73×5.17×8.03×5.28×9.17×8.49×12.38×6.95×
Cash conversion cycle (days)131071011838