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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
-276.4%
-$11.10
vs $6.29 price
Levered DCF
$16.88
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-11.28
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.15×-4.26×-8.37×-5.49×-94.34×-38.28×-33.45×-32.33×
P/B6.61×4.58×6.35×4.12×7.04×-2.34×-5.25×0×
P/S0.7×0.95×1.72×1.19×2.53×8.95×9.09×11.29×
EV / EBITDA-1.83×-2.18×-4.27×-1.81×-2.45×-79.83×-54.23×0×
Gross margin57.3%67.5%70.6%69.4%66.8%66.5%65.9%63.2%
Operating margin-19.3%-36.9%-29.8%-55.8%-68.6%-17.3%-22.7%-35.5%
Net margin-22.3%-22.4%-20.8%-21.8%-19.4%-23.7%-24.8%-35.2%
Current ratio2.27×2.28×2.67×2.88×3.71×0.92×1.34×0×
Debt / equity1.02×0.02×0.03×0.03×0.02×-0.12×-0.22×0×
Interest coverage0×0×0×0×-25.44×-3.66×-9.77×-162.73×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-210.0%-107.9%-76.6%-75.4%-53.9%6.2%14.3%0.0%
Return on invested capital-68.4%-107.7%-63.6%-93.7%-70.9%-60.9%-54.4%0.0%
Return on assets-52.4%-46.0%-32.2%-26.7%-15.4%-43.1%-38.2%0.0%
Free cash flow yield-19.3%-12.4%-4.3%-27.6%-12.4%-1.0%-2.8%-2.5%
Earnings yield-31.8%-23.5%-12.1%-18.3%-7.7%-2.6%-2.7%-3.1%
Enterprise value$97.1M$129.3M$259.7M$104M$213.4M$949.3M$831.4M$0
Net debt / EBITDA0.54×0.87×1.21×1.55×1.64×-1.54×-0.63×0×
Cash conversion cycle (days)-5-173-14-45-240