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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
-63.8%
$6.17
vs $17.02 price
Levered DCF
-$17.46
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.34
Distress 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-2.53×-9.67×-8.08×21.68×19.57×-17.31×67.26×19.61×
P/B1.16×1.05×1.24×1.33×2.01×4.36×1.6×2.5×
P/S0.31×0.46×0.62×0.75×1.39×3.23×0.56×0.51×
EV / EBITDA306.99×24.09×36.05×10.71×12.42×272.55×13.37×12.14×
Gross margin27.4%32.9%37.1%43.3%46.7%47.8%44.3%42.9%
Operating margin3.9%1.1%-10.8%15.2%17.9%-11.5%10.8%17.7%
Net margin-12.1%-4.7%-7.7%3.5%7.1%-18.7%0.8%2.6%
Current ratio0.79×0.82×1.11×1.74×1.96×2.42×0.71×0.92×
Debt / equity4.57×3.93×3.6×3.59×2.83×4.2×6.11×13.07×
Interest coverage0.67×0.15×-1.49×1.28×1.88×-0.76×1.07×1.18×
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-46.0%-10.9%-15.3%6.2%10.3%-25.2%2.4%12.8%
Return on invested capital2.1%0.5%-4.5%5.8%5.2%-2.3%2.1%6.1%
Return on assets-5.9%-2.0%-3.1%1.3%2.5%-4.6%0.3%0.9%
Free cash flow yield-6.5%-4.1%1.9%12.7%7.6%1.7%17.0%9.8%
Earnings yield-39.5%-10.3%-12.4%4.6%5.1%-5.8%1.5%5.1%
Enterprise value$9.8B$13.6B$14.4B$16.1B$18B$20.9B$13.8B$10.9B
Net debt / EBITDA240.34×18.73×26.16×7.52×6.73×121.46×10.51×10.11×
Cash conversion cycle (days)91015212131117