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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
-208.8%
-$25.15
vs $23.11 price
Levered DCF
$15.76
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.65
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023
P/E-8.49×-20.26×-21.42×
P/B29.64×-14.81×-28.72×
P/S8.13×13.36×18.13×
EV / EBITDA-9.97×-37.66×-29.33×
Gross margin68.1%64.6%59.8%
Operating margin-92.0%-47.5%-76.9%
Net margin-95.8%-65.9%-84.8%
Current ratio2.13×1×1.12×
Debt / equity3.88×-1.36×-1.98×
Interest coverage0×0×0×
Dividend yield0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023
Return on equity-349.2%73.0%134.3%
Return on invested capital-59.2%-74.8%-87.5%
Return on assets-38.3%-41.3%-44.6%
Free cash flow yield0.3%-2.1%-2.8%
Earnings yield-11.8%-4.9%-4.7%
Enterprise value$6.1B$7.7B$7.7B
Net debt / EBITDA-0.47×-2.43×-1.31×
Cash conversion cycle (days)66138102