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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
-312.5%
-$3.59
vs $1.69 price
Levered DCF
-$7.19
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.6
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-3.87×-0.89×-4.07×-24.51×23.51×38.38×-2.04×-1.99×
P/B1.51×1.41×3.49×1.33×3.41×5.29×2.14×3.09×
P/S0.31×0.16×0.8×0.44×0.92×0.79×0.17×0.22×
EV / EBITDA-2.59×-0.43×-3.89×-44.52×14.66×11.52×-1.65×-7.42×
Gross margin24.7%19.5%19.0%22.2%22.0%22.1%18.1%17.7%
Operating margin-5.9%-13.7%-7.6%1.4%4.0%3.9%-8.6%-11.8%
Net margin-8.1%-18.6%-19.7%-1.8%3.9%2.1%-8.2%-11.4%
Current ratio1.25×1.01×1.51×2.17×2.03×1.78×0.82×0.1×
Debt / equity0.1×0.2×0.01×0.07×0.07×0.16×0.24×11.29×
Interest coverage-52.14×-86.69×-67.03×0×53.32×115.41×-365.51×-146.51×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.4%0.0%21.2%
Payout ratio0.0%0.0%0.0%-0.9%0.0%13.4%-0.1%-41.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-38.9%-159.0%-85.7%-5.5%14.6%14.0%-104.4%-157.4%
Return on invested capital-24.5%-93.9%-29.1%3.9%13.9%18.8%-60.0%12.8%
Return on assets-19.9%-64.4%-48.4%-4.0%10.2%6.3%-28.8%-45.0%
Free cash flow yield-24.2%-84.8%-5.1%-154.3%2.7%9.2%-42.1%145.7%
Earnings yield-25.8%-112.8%-24.6%-4.1%4.3%2.6%-48.9%-50.9%
Enterprise value$175.1M$102.9M$953.1M$529.3M$2.1B$1.5B$159.1M$1.4B
Net debt / EBITDA2.27×0.53×1.22×27.65×-3.18×-3.27×0.9×-5.24×
Cash conversion cycle (days)-34-23-25-17-18-16-14-256