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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
-1046.3%
-$82.80
vs $8.75 price
Levered DCF
-$37.71
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.04
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-6.65×-5.29×-3.27×-20.95×-15.94×330.62×-30.58×69.99×
P/B1.34×1.32×0.83×1.22×1.82×2.32×2.66×2.89×
P/S0.74×0.83×0.66×0.9×1.32×2.04×1.9×2.14×
EV / EBITDA75.69×-41.69×-7.29×24.49×25.59×20.8×532.96×21.69×
Gross margin67.1%68.3%65.1%73.2%75.3%74.9%78.1%78.7%
Operating margin-8.3%-10.6%-18.6%-2.9%-1.8%-1.5%-4.1%6.6%
Net margin-11.2%-15.8%-20.3%-4.3%-8.3%0.6%-6.2%3.0%
Current ratio2.45×2.57×2.54×3.06×2.55×2.6×3.07×2.85×
Debt / equity0.51×0.36×0.2×0.06×0.07×0.07×0.07×0×
Interest coverage-3.92×-2.86×-16.12×-10.3×-4.53×-2.52×-153.97×36.35×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-20.5%-25.0%-25.3%-5.9%-11.4%0.7%-8.7%4.1%
Return on invested capital-10.0%-11.6%-18.2%-3.5%-2.2%10.1%-4.5%4.8%
Return on assets-10.8%-14.1%-16.4%-4.3%-8.1%0.5%-5.7%3.0%
Free cash flow yield-0.2%-1.4%-21.8%-8.4%-0.2%6.9%1.3%3.6%
Earnings yield-15.2%-18.9%-30.6%-4.8%-6.3%0.3%-3.3%1.4%
Enterprise value$751.9M$762.2M$579.1M$383.5M$548.6M$756.8M$826.1M$901.1M
Net debt / EBITDA14.82×-5.27×-1.06×-1.86×-2.96×-1.96×-30.24×-1.68×
Cash conversion cycle (days)28264292280241285296285