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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
-346.1%
-$44.97
vs $18.27 price
Levered DCF
-$47.59
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.73
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-17.36×-519.07×-17.21×-10.22×-17.47×-32.7×-32.02×-14.5×
P/B1.78×2.85×3.6×1.89×2.62×6.34×6.84×7.59×
P/S3.22×7.09×4.34×2.7×4.68×5.58×2.66×1.73×
EV / EBITDA-67.18×-59.02×-33.68×-23.17×-31.69×-66.77×-54.17×-72.65×
Gross margin43.5%41.8%32.3%31.1%22.0%18.4%20.0%19.1%
Operating margin-15.1%-22.6%-25.9%-26.3%-19.0%-11.2%-7.6%-5.1%
Net margin-18.5%-1.4%-25.2%-26.4%-26.8%-17.1%-8.3%-12.0%
Current ratio1.66×1.95×2.25×3.3×4.68×6.23×2.22×1.36×
Debt / equity0.49×0.43×1.14×1.05×0.62×0.58×0.91×0.17×
Interest coverage-11.36×-7.78×-10.35×-7.84×-2.97×-2.89×-3.1×-26.55×
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-10.2%-0.6%-20.9%-18.5%-15.0%-19.4%-21.4%-52.5%
Return on invested capital-5.5%-5.9%-9.9%-8.8%-5.8%-7.2%-7.7%-16.7%
Return on assets-6.2%-0.4%-8.7%-8.1%-8.5%-10.6%-8.2%-25.5%
Free cash flow yield-2.1%-1.3%-2.3%-7.1%-4.6%-1.8%-4.5%-3.4%
Earnings yield-5.8%-0.2%-5.8%-9.8%-5.7%-3.1%-3.1%-6.9%
Enterprise value$1.8B$2.8B$1.5B$1B$1.4B$1.1B$536.7M$353.2M
Net debt / EBITDA-12.11×-5.76×-7.5×-7.26×-2.69×4.25×-3.84×-0.89×
Cash conversion cycle (days)49395211288928970