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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
-135.5%
-$8.17
vs $22.97 price
Levered DCF
-$8.52
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-0.32
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-6.92×-3.59×-1.05×-8.37×2.89×-12.86×-22.39×-12.32×
P/B6.92×-127.24×1.55×2.23×1.6×6.59×8.87×5.72×
P/S85.48×31.68×20.37×9.95×1.82×42.83×393.68×91.03×
EV / EBITDA-15.72×-4.77×-0.87×-9.02×1.67×-11.29×-22.53×-11.18×
Gross margin89.5%32.4%14.0%96.9%95.2%-226.3%100.0%-547.5%
Operating margin-1166.8%-679.6%-1785.5%-134.4%59.3%-334.3%-1663.8%-781.9%
Net margin-1236.0%-883.4%-1947.1%-119.1%62.9%-333.3%-1705.8%-738.2%
Current ratio10.43×9.74×8.85×6.28×17.09×9.47×12.15×11.85×
Debt / equity2.7×-9.78×0.67×0.3×0.23×0.29×0.23×0.2×
Interest coverage-3.03×-2.89×-6.81×-12.23×41.56×-32.79×-31.8×-40.85×
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-100.0%3547.9%-148.5%-26.6%55.3%-51.3%-38.4%-46.4%
Return on invested capital-24.5%-35.4%-36.9%-22.2%39.5%-34.8%-28.6%-34.7%
Return on assets-24.1%-43.0%-37.1%-18.0%40.7%-36.7%-27.7%-30.4%
Free cash flow yield-12.9%-21.7%-47.4%-15.4%28.4%-9.0%-3.7%-7.8%
Earnings yield-14.5%-27.9%-95.6%-12.0%34.6%-7.8%-4.3%-8.1%
Enterprise value$1.8B$766.3M$219.8M$974.4M$533.2M$1.4B$2.6B$827.7M
Net debt / EBITDA-3.91×0.58×0.41×0.79×-1.32×1.37×2.68×2.69×
Cash conversion cycle (days)-986-65242-9245347-6