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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
-624.8%
-$15.98
vs $3.05 price
Levered DCF
-$15.58
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-1.16
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-7.09×-2.51×-3.38×-4.88×-34.14×-26.81×-1.17×
P/B10.97×2.7×1.49×1.34×-15.46×29.06×-0.85×
P/S3.63×7.4×0.97×2.64×0×0×0×
EV / EBITDA-9.47×-2.35×-2.3×-2.64×-33.01×-44.54×0.11×
Gross margin23.6%13.4%5.1%40.6%0.0%0.0%0.0%
Operating margin-36.5%-281.4%-31.3%-41.3%0.0%0.0%0.0%
Net margin-50.9%-293.8%-28.8%-53.7%0.0%0.0%0.0%
Current ratio0.73×1.26×2.5×3.11×15.07×2.77×5.2×
Debt / equity1.43×0.01×0.01×0.01×-0.02×0.1×-0.12×
Interest coverage-8.79×-1,056.88×-3,049.6×-30,127.5×-3,830.43×-113.21×8.4×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-153.6%-107.5%-44.0%-27.2%45.6%-107.8%72.2%
Return on invested capital-36.3%-100.2%-46.3%-20.6%-22.6%-53.9%27.7%
Return on assets-33.1%-73.8%-28.9%-18.8%-25.0%-79.6%-26.2%
Free cash flow yield-6.3%-33.6%-37.0%-6.7%-2.1%-2.8%-134.4%
Earnings yield-14.0%-39.7%-29.6%-20.4%-3.0%-3.7%-85.3%
Enterprise value$773.8M$315.9M$224.8M$183M$957.7M$643.6M-$1.1M
Net debt / EBITDA-0.41×0.19×1.1×2.9×3.58×0.55×1.3×
Cash conversion cycle (days)132101-65-29600