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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
-159.9%
-$4.84
vs $8.08 price
Levered DCF
-$2.69
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
3.13
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022
P/E-9.54×-133.51×-78.78×-417.55×
P/B9.41×-1,180.62×-158.97×189.66×
P/S5.27×62.59×27.72×25.37×
EV / EBITDA-10.6×-224.28×-98.71×-198.58×
Gross margin37.8%49.1%41.3%41.7%
Operating margin-52.7%-40.8%-33.3%-14.4%
Net margin-52.6%-42.2%-30.9%-14.7%
Current ratio2.4×0.96×0.68×1.24×
Debt / equity0.09×-452.38×-0.53×0.83×
Interest coverage-4,310.21×-762.6×-1,142.78×-1,270.17×
Dividend yield0.1%0.0%0.0%0.0%
Payout ratio-0.9%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022
Return on equity-93.8%796.0%177.1%-110.1%
Return on invested capital-61.4%-1.7%-187.1%-53.7%
Return on assets-41.5%-49.4%-58.3%-29.8%
Free cash flow yield-6.7%-0.5%-0.1%-0.4%
Earnings yield-10.0%-0.7%-1.1%-0.6%
Enterprise value$987.1M$14.8B$3.8B$3.4B
Net debt / EBITDA0.12×-61.87×-0.17×-0.63×
Cash conversion cycle (days)196-13-1