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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
+1637.6%
$18.68
vs $1.08 price
Levered DCF
-$54.24
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.14
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.51×-2.59×4.54×8.44×7.2×15.37×8.97×7.48×
P/B0.23×0.63×0.59×0.66×0.84×0.82×0.78×0.81×
P/S0.72×42.16×3.86×3.11×3.61×1.74×3.27×2.8×
EV / EBITDA27.87×35.27×7.86×17.25×24.22×0×721.52×47.97×
Gross margin87.7%100.0%100.0%100.0%100.0%100.0%100.0%81.8%
Operating margin24.2%0.0%0.0%0.0%0.0%0.0%0.0%-76.8%
Net margin-45.8%-1593.0%87.1%50.7%53.2%11.7%36.9%37.4%
Current ratio1.04×0×0.79×0.63×0.36×0.07×0.27×17.15×
Debt / equity3.78×3.28×2.84×5.19×6.21×5.05×4.76×4.23×
Interest coverage0.24×0×0×0×0×0×0×-1.11×
Dividend yield31.6%17.9%14.3%15.8%10.5%8.5%9.8%11.6%
Payout ratio-49.5%-47.3%63.4%96.7%71.0%126.8%86.8%86.6%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-14.7%-23.7%13.3%10.8%12.4%5.5%8.8%10.9%
Return on invested capital41.5%0.0%0.0%0.0%0.0%0.0%0.0%-3.9%
Return on assets-2.9%-4.3%2.7%1.7%1.7%0.8%1.5%2.0%
Free cash flow yield-56.7%-4.4%2.2%30.2%-349.2%10.3%-8.2%31.5%
Earnings yield-63.8%-37.8%22.6%16.3%14.7%6.7%11.3%13.4%
Enterprise value$6B$7B$8.6B$10.4B$8.8B$4.7B$4.5B$2.7B
Net debt / EBITDA26.19×29.5×6.49×15.27×21.26×0×617.88×40.08×
Cash conversion cycle (days)-2833,3041239,59810239125-77