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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
-1772.3%
-$67.23
vs $4.02 price
Levered DCF
-$66.79
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-6.08
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-0.69×-0.45×-1.55×-7.63×-15.93×-301.27×-565.34×-551.64×
P/B0.44×2.15×2.18×5.06×5.62×7.39×-4.9×-6.34×
P/S0.47×0.51×2.06×10.78×20.48×48.63×121.06×909.52×
EV / EBITDA-1.97×-1.33×-2.18×-8.27×-15.67×-18.81×-29.27×-41.34×
Gross margin39.1%33.9%22.2%15.5%7.4%-26.1%-118.1%-304.7%
Operating margin-55.8%-99.7%-130.2%-139.6%-127.2%-235.2%-466.3%-2320.0%
Net margin-68.3%-112.6%-132.5%-141.2%-128.6%-243.3%-453.0%-2480.3%
Current ratio6.67×5.69×5.26×7.19×7.93×9.43×3.2×14.46×
Debt / equity0.8×7.53×1.11×0.42×0.1×0.12×-0.08×-0.1×
Interest coverage-4.78×-4.75×-13.39×-45.15×-76.1×-40.63×-16.52×-10.04×
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-64.3%-477.2%-140.6%-66.2%-35.3%-37.0%18.4%17.3%
Return on invested capital-29.2%-48.8%-65.3%-46.1%-31.6%-31.9%-99.1%-32.9%
Return on assets-30.9%-46.4%-55.1%-40.7%-28.5%-30.1%-77.3%-32.9%
Free cash flow yield-83.5%-203.3%-50.3%-12.4%-6.3%-4.5%-4.0%-2.6%
Earnings yield-144.7%-221.9%-64.4%-13.1%-6.3%-5.0%-3.7%-2.7%
Enterprise value$122.7M$135.5M$336M$1.3B$2B$2.2B$1.8B$1.8B
Net debt / EBITDA-1.06×-0.76×-0.44×-0.19×1.16×2.22×0.13×0.1×
Cash conversion cycle (days)32338424927923512591182