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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
-772.3%
-$33.55
vs $4.99 price
Levered DCF
-$69.31
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-74.7
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-3.65×-0.22×-46.04×-47.51×-92.35×-214.79×-267.86×316.13×
P/B4.56×-0.79×-12,258.89×-577.55×205.33×145.37×74.64×112.56×
P/S2.31×0×304.41×235.59×2,274.71×-38,271.17×50,720.51×187.69×
EV / EBITDA-2.7×-0.08×-46.22×-40.01×-91.88×-213.56×-264.21×314.91×
Gross margin99.5%0.0%97.8%91.4%85.2%178.4%100.0%75.4%
Operating margin-65.7%0.0%-501.0%-668.7%-2491.6%17701.3%-20007.6%59.3%
Net margin-63.5%0.0%-662.3%-495.2%-2465.1%17799.2%-19006.9%59.3%
Current ratio4.61×0.36×1.01×1.08×2.13×6.27×21.28×24.94×
Debt / equity0.03×-0.03×-5.29×-0.53×0.07×0.03×0.02×0×
Interest coverage-1,288.77×-1,162.06×-1,314.49×-1,621.89×-1,232.68×0×-1,172.08×85.6×
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-125.3%362.3%26669.9%1214.1%-222.5%-67.6%-28.0%35.6%
Return on invested capital-125.4%378.5%-1488.7%-831.5%-180.4%-58.4%-29.0%35.4%
Return on assets-98.3%-529.8%-276.8%-134.0%-100.4%-49.9%-26.4%34.2%
Free cash flow yield-44.5%-565.4%-2.3%-2.5%-0.9%-0.3%0.7%-0.2%
Earnings yield-27.5%-459.3%-2.2%-2.1%-1.1%-0.5%-0.4%0.3%
Enterprise value$23.2M$1.4M$1.4B$1.1B$3.3B$7.2B$5.9B$11.3B
Net debt / EBITDA0.84×0.14×0.3×0.24×0.8×1.76×3.65×-1.21×
Cash conversion cycle (days)-6,4530-15,334-3,076-3,271-1,7720356