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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
-844.7%
-$20.93
vs $2.81 price
Levered DCF
-$21.96
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-2.21
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-2.53×-10.63×-31.79×-5.31×-26.5×-43.46×-14.5×-12.99×
P/B0.92×1.24×2.94×1.43×3.46×6.68×4.61×9.69×
P/S1.96×3.01×8.48×4.86×13.81×15.93×10.45×10.7×
EV / EBITDA-2.98×-13.06×-24.6×-3.24×-22.9×-44.92×-12.73×-12.08×
Gross margin46.7%59.9%60.3%43.0%58.6%55.8%47.3%47.8%
Operating margin-79.2%-38.8%-38.0%-98.8%-51.1%-36.6%-73.3%-83.8%
Net margin-77.3%-28.4%-23.4%-94.4%-50.2%-36.5%-71.9%-82.5%
Current ratio2.84×8.66×9.8×12.17×12.14×5.52×6.69×3.43×
Debt / equity0.13×0.11×0.12×0.12×0.05×0.15×0.06×0.18×
Interest coverage0×0×0×0×-140.25×-115.69×0×0×
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-36.2%-11.7%-8.1%-27.8%-12.6%-15.3%-31.7%-74.7%
Return on invested capital-29.8%-14.2%-11.7%-25.7%-12.0%-13.0%-27.6%-63.1%
Return on assets-25.6%-9.5%-6.6%-23.0%-11.0%-11.6%-24.0%-45.9%
Free cash flow yield-29.4%-9.4%-2.2%-11.7%-4.0%-2.0%-6.2%-7.5%
Earnings yield-39.5%-9.4%-2.8%-19.4%-3.6%-2.3%-6.9%-7.7%
Enterprise value$278.6M$388.5M$894.9M$217.7M$1.2B$1.2B$491.4M$364.9M
Net debt / EBITDA-0.08×0.65×3.66×4.39×7.45×5.53×2.63×1.25×
Cash conversion cycle (days)28226023614518215012782