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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
-361.5%
-$73.78
vs $28.22 price
Levered DCF
-$65.30
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
9.55
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-20.22×-5.88×-0.76×-1.11×-7.41×-2.26×-3.35×-2.36×
P/B4.66×3.15×1.58×0.89×2.67×-6.57×-2.87×-7.57×
P/S7.2×5.12×3.41×3.74×20.74×12.75×15.18×57.54×
EV / EBITDA-23.18×-6.8×-0.88×-0.7×-5.86×-2.51×-5.37×-3.39×
Gross margin49.3%36.4%11.6%26.6%27.1%8.0%-52.7%-163.3%
Operating margin-43.7%-93.8%-448.1%-354.4%-297.0%-273.8%-423.8%-2209.1%
Net margin-35.6%-87.3%-449.2%-337.7%-279.9%-564.9%-452.7%-2439.1%
Current ratio3.93×2.8×3.22×5.51×9.38×1.01×0.53×5.09×
Debt / equity0.07×0.11×0.39×0.33×0.07×-0.59×-1.51×-3.23×
Interest coverage0×-57.15×-40.12×-53.98×-197.84×-20.56×-13.5×0×
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-23.1%-53.6%-208.2%-80.7%-36.0%291.1%85.7%321.0%
Return on invested capital-25.0%-50.8%-145.7%-63.3%-33.5%-146.2%-156.8%-127.0%
Return on assets-17.3%-35.1%-113.1%-54.1%-30.5%-230.1%-129.6%-122.5%
Free cash flow yield-5.3%-6.6%-49.6%-75.6%-10.7%-18.9%-27.5%-44.3%
Earnings yield-5.0%-17.0%-131.7%-90.2%-13.5%-44.3%-29.8%-42.4%
Enterprise value$1.2B$544M$303M$86.8M$532M$251.3M$247.5M$97M
Net debt / EBITDA1×0.32×-0.06×0.54×1.81×-0.1×-1.61×-0.68×
Cash conversion cycle (days)891272732531783113210