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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
-221.1%
-$24.43
vs $20.18 price
Levered DCF
-$6.41
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
1.37
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-281.79×-14.91×-2.22×-1.17×-13.44×-22.65×-2.07×-3.82×
P/B-38.45×-11.34×-8.29×2.31×6.74×10.83×-3.56×-6.19×
P/S1.96×1.12×0.69×0.66×7.61×16.08×2.75×3.52×
EV / EBITDA13×19.45×-6.14×-3.46×-16.52×-29.54×-3.05×-5.6×
Gross margin70.5%48.5%48.8%61.0%69.5%75.7%72.3%71.7%
Operating margin7.6%-14.7%-44.2%-64.2%-43.3%-58.4%-113.6%-91.0%
Net margin3.2%-7.5%-31.1%-56.7%-55.4%-74.7%-133.2%-92.2%
Current ratio1.3×0.88×1.04×1.18×1.67×6.8×0.18×0.13×
Debt / equity-15.96×-9.35×-12.21×5.6×1.92×0.45×-1.02×-1.9×
Interest coverage0.71×-1.52×-5.98×-20.3×-14.48×-2.87×-12.35×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%2.6%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%-55.5%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-62.2%75.9%375.3%-197.3%-49.1%-50.3%172.3%161.8%
Return on invested capital2.8%-16.1%-43.5%-32.3%-11.3%-17.0%-768.5%-163.8%
Return on assets1.9%-4.0%-14.9%-14.9%-10.3%-20.1%-213.2%-88.2%
Free cash flow yield5.5%-6.6%8.1%-15.4%-2.7%-4.4%-15.9%-16.4%
Earnings yield1.6%-6.7%-45.3%-85.5%-7.3%-4.6%-48.4%-26.2%
Enterprise value$1.3B$726.3M$473.2M$412.3M$1.6B$1B$270.4M$245.1M
Net debt / EBITDA3.43×6.33×-2.3×-1.93×-1.07×4.31×-0.64×-1.24×
Cash conversion cycle (days)-28677408445-170-59-39