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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
-80.8%
$0.67
vs $3.51 price
Levered DCF
$0.32
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1,010.98
Safe zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E187.94×103.04×367.52×82.9×227.17×
P/B43.77×14.19×56.03×66.17×227.54×
P/S152.63×29.81×123.7×35.26×130.29×
EV / EBITDA227.48×116.4×362.16×82.11×225.89×
Gross margin87.2%71.9%50.1%53.4%57.4%
Operating margin66.7%24.4%29.2%43.3%55.5%
Net margin74.1%29.0%33.6%42.5%57.3%
Current ratio344.31×10.71×15.86×9.88×2.07×
Debt / equity0×0×0×0×0×
Interest coverage0×0×0×1,274.61×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity21.2%13.8%15.2%79.8%100.0%
Return on invested capital19.1%11.6%13.2%81.3%96.8%
Return on assets21.2%12.5%14.3%71.7%51.6%
Free cash flow yield-0.5%0.9%0.1%0.5%0.7%
Earnings yield0.5%1.0%0.3%1.2%0.4%
Enterprise value$1.3B$232.3M$820.6M$823.1M$572.8M
Net debt / EBITDA-1.35×-5.89×-4.28×-0.71×-1.65×
Cash conversion cycle (days)154-21012-35-307