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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
-240.7%
-$11.45
vs $8.14 price
Levered DCF
-$10.54
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
3.71
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-3.33×-7×-3.9×-0.98×-6.89×-40.04×-184.9×
P/B0.86×-20.97×3.5×1.83×3.95×15.85×-148.55×
P/S2.71×3.58×0.76×0.79×3.08×10.81×32.67×
EV / EBITDA-5.83×-55.35×-54.01×-5.5×-14.59×-43.96×-195.27×
Gross margin5.2%14.6%23.8%17.9%21.3%21.1%21.0%
Operating margin-68.5%-13.9%-6.4%-91.2%-51.0%-15.0%-16.9%
Net margin-67.6%-37.6%-11.2%-81.4%-44.7%-27.3%-17.7%
Current ratio1.62×0.84×0.98×1.02×1.08×1.17×1.13×
Debt / equity0.22×-2.79×2.01×1.36×0.73×2.03×-0.79×
Interest coverage-5.78×-3.13×-1.45×-17.82×-10.87×-7.51×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-21.4%220.2%-51.8%-187.5%-57.4%-40.1%80.3%
Return on invested capital-15.8%-27.8%-9.3%-81.2%-27.7%-5.4%-188.7%
Return on assets-15.6%-39.1%-10.1%-50.7%-23.5%-10.0%-33.2%
Free cash flow yield-21.0%-2.2%-3.9%-28.1%-9.5%-2.2%0.9%
Earnings yield-24.9%-10.5%-14.8%-102.6%-14.5%-2.5%-0.5%
Enterprise value$1B$1.2B$259.8M$194M$481.2M$678.5M$615.1M
Net debt / EBITDA-0.76×-4.48×-15.71×-1.89×-1.76×-3.72×1.9×
Cash conversion cycle (days)1153771883445-35