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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
-803.5%
-$33.77
vs $4.80 price
Levered DCF
-$20.46
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.05
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-11.86×-5.76×-12.71×-241.18×-33.17×-217.24×-13.18×-21.38×
P/B2.14×2.71×3.76×2.89×3.52×6.5×6.8×3.88×
P/S1.38×1.74×1.98×1.66×2.02×2.09×1.9×1.92×
EV / EBITDA-11.8×-6.28×-16.26×122.24×-58.48×432.53×-14.29×-18.85×
Gross margin17.2%17.8%30.3%36.8%31.4%32.2%33.9%31.2%
Operating margin-11.1%-29.1%-14.3%-3.0%-8.6%-8.5%-14.3%-9.0%
Net margin-11.5%-30.3%-15.4%-0.7%-5.9%-1.0%-14.4%-9.0%
Current ratio2.28×1.64×1.45×1.87×1.42×1.9×1.57×1.76×
Debt / equity0.2×0.17×0.34×0.26×0.33×0.07×0.37×0×
Interest coverage-23.69×-24.45×-12.1×-2.92×-8.68×-170.8×-1,422.98×-432.59×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-17.8%-47.2%-29.3%-1.2%-10.3%-3.0%-51.5%-18.2%
Return on invested capital-14.4%-38.8%-20.2%-4.2%-10.7%-23.5%-34.5%-15.7%
Return on assets-11.2%-29.2%-17.5%-0.7%-5.6%-1.6%-22.5%-8.2%
Free cash flow yield-4.5%-11.3%-7.9%-0.4%-3.4%-0.3%-4.0%-9.0%
Earnings yield-8.3%-17.4%-7.8%-0.4%-2.9%-0.5%-7.6%-4.7%
Enterprise value$37.7M$33.5M$40.8M$35.1M$34M$21.7M$18.7M$10.8M
Net debt / EBITDA1.81×-0.05×-1.21×0.81×-4.12×-12.15×0.09×3.96×
Cash conversion cycle (days)7298108778999117160