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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
-117.8%
-$3.18
vs $17.83 price
Levered DCF
-$3.61
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.2
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-326×-3.66×-1.74×4.91×-3.59×-5.93×-6.52×-4.27×
P/B-9×-3.15×-8.21×1.65×16.86×-6.77×-6.4×0.83×
P/S0×0×0×0×0×0×6.24×18.12×
EV / EBITDA-720.85×-4.96×-3.91×-2.99×-3.8×-6.4×-14.8×-5.61×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%97.6%98.3%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%-56.7%-375.7%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%-75.6%-424.4%
Current ratio2.76×1.69×4.09×3.25×4.79×4.12×1.87×2.41×
Debt / equity-1.97×-1.13×-14.47×3.99×14.63×-2.23×-1.78×0.23×
Interest coverage0×-6.86×-5.33×-7.2×-8.83×-5.87×-2.8×-6.91×
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 equity2.8%85.9%471.6%55.3%-468.5%114.3%77.5%-19.5%
Return on invested capital-45.3%-75.4%-48.6%-29.5%-46.6%-93.4%-74.6%-171.2%
Return on assets-1.0%-56.6%-31.1%8.0%-26.6%-76.3%-61.7%-132.1%
Free cash flow yield-10.6%-25.9%36.2%-61.1%-27.4%-12.3%-8.7%-19.3%
Earnings yield-0.3%-27.3%-57.4%33.4%-27.8%-16.9%-12.1%-23.4%
Enterprise value$1.3B$778.3M$559.6M$472.8M$647.9M$1.1B$888.7M$686.8M
Net debt / EBITDA-125.26×-1.3×-2.48×-2.09×-1.45×-1.54×-3.18×-1.19×
Cash conversion cycle (days)0000-3,529-642-46033,236