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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
+17802.2%
$3,567.02
vs $19.93 price
Levered DCF
$905.38
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
0.44
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-9.82×-2×-2.45×-1.88×14.29×8.19×9.02×-3.96×
P/B1.87×1.99×1.27×1.94×1.33×3.67×3.59×1.47×
P/S0.36×0.3×0.32×0.83×0.7×1.82×0.74×0.4×
EV / EBITDA6,016.94×-3.45×-4.24×-4.3×7.63×24.27×6.66×-6.06×
Gross margin32.6%25.4%23.1%22.6%27.3%25.8%24.6%22.1%
Operating margin-1.9%-13.3%-11.9%-20.7%6.7%5.9%8.7%-9.4%
Net margin-3.7%-14.8%-12.9%-44.4%4.9%22.4%8.3%-10.1%
Current ratio1.41×1.32×1.6×2.06×2.79×1.86×2.02×1.51×
Debt / equity0.53×0.87×0.54×0.36×0.05×0.06×0.44×0.52×
Interest coverage-2.1×-9.36×-12.78×-51.23×104.89×37.15×31.07×-20.94×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-19.0%-99.3%-51.8%-103.3%9.4%45.0%40.2%-37.1%
Return on invested capital-6.3%-40.8%-30.0%-33.9%8.9%10.8%28.1%-21.4%
Return on assets-6.1%-22.5%-18.5%-48.0%7.0%28.2%17.2%-11.9%
Free cash flow yield-3.7%2.1%-38.2%-4.5%-0.7%0.4%17.4%-20.9%
Earnings yield-10.2%-49.9%-40.8%-53.4%7.0%12.3%11.2%-25.3%
Enterprise value-$3.2B$28M$35.6M$60.2M$75.5M$197.2M$96.3M$27.1M
Net debt / EBITDA6,075×-0.54×-0.83×0.3×-1.15×-1.98×-1.05×-0.15×
Cash conversion cycle (days)64,60663741008762958