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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
-509.6%
-$74.74
vs $18.25 price
Levered DCF
-$102.38
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.76
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022
P/E-2.47×-2.89×-4.11×-8.84×
P/B-0.93×-1.18×1.08×2.8×
P/S0.45×0.4×0.39×0.84×
EV / EBITDA62.54×29.64×15.19×14.06×
Gross margin13.0%13.4%15.3%16.7%
Operating margin-3.8%-0.1%3.0%2.5%
Net margin-18.0%-13.9%-9.5%-9.5%
Current ratio1.52×1.72×1.26×1.29×
Debt / equity-2.83×-3.37×2.94×2.56×
Interest coverage-0.45×-0.02×0.4×0.67×
Dividend yield0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022
Return on equity37.5%40.9%-26.2%-31.6%
Return on invested capital-3.8%-0.1%1.9%2.1%
Return on assets-13.7%-11.9%-4.8%-6.5%
Free cash flow yield-20.3%-26.5%-21.5%0.8%
Earnings yield-40.4%-34.6%-24.3%-11.3%
Enterprise value$2.2B$2.1B$2B$3B
Net debt / EBITDA46.39×21.6×10.85×6.5×
Cash conversion cycle (days)991029627