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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
-56.5%
$3.61
vs $8.29 price
Levered DCF
$3.61
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
10.93
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-2.11×-6.1×-13.17×-24.39×32.72×-4.32×-8.12×-2.62×
P/B1.83×1.53×3.44×4.59×4.69×2.61×2.31×1.26×
P/S53.08×5.51×21.17×52.94×10.89×561.99×775.59×426.66×
EV / EBITDA-1.1×-2.22×-8.32×-17.22×22.15×-1.81×-3.53×-0.21×
Gross margin61.8%100.0%100.0%100.0%100.0%-8678.9%-6145.2%-10495.1%
Operating margin-1905.8%-114.4%-209.1%-244.1%35.9%-13216.2%-10527.9%-16634.0%
Net margin-2520.6%-90.5%-160.9%-217.0%33.4%-13029.8%-9542.6%-16297.9%
Current ratio7.72×10.01×11.24×14.34×17.48×11.58×21.36×28.9×
Debt / equity0.05×0.02×0.02×0.01×0.03×0.1×0.08×0.16×
Interest coverage0×0×0×0×0×0×0×-42.97×
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-87.0%-25.1%-26.2%-18.8%14.4%-60.4%-28.5%-48.2%
Return on invested capital-63.9%-29.3%-27.3%-17.1%11.5%-36.1%-21.1%-32.6%
Return on assets-74.7%-22.4%-21.1%-15.4%11.0%-33.4%-18.5%-31.2%
Free cash flow yield-31.8%-20.2%-7.1%-3.8%4.2%-16.8%-8.5%-7.4%
Earnings yield-47.5%-16.4%-7.6%-4.1%3.1%-23.2%-12.3%-38.2%
Enterprise value$220.4M$284.2M$1.3B$2.2B$1.6B$201.8M$278.5M$31.3M
Net debt / EBITDA1.47×3.6×3.8×5.64×-7.76×2.5×4.47×2.46×
Cash conversion cycle (days)-57902100-1422-5