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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
-252.5%
-$19.86
vs $13.02 price
Levered DCF
-$12.36
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-1.19
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-43.83×-8.81×-1.22×-0.61×-4.5×-9.63×-15.84×-21.41×
P/B-4.36×-2.89×-0.67×-0.7×14.51×8.95×4.8×-7.01×
P/S2.62×1.96×0.37×0.2×2.27×5.71×5.12×8.71×
EV / EBITDA110.26×-19.55×-4.82×-2.67×-6.04×-10.82×-17.39×-27.32×
Gross margin69.8%74.5%68.5%57.8%58.5%62.5%63.7%66.0%
Operating margin-3.5%-9.4%-30.3%-31.3%-46.0%-57.6%-31.6%-35.6%
Net margin-6.0%-22.3%-30.7%-32.6%-50.5%-58.6%-31.1%-36.5%
Current ratio0.86×0.94×1.25×1.79×2.75×2.84×3.43×1.01×
Debt / equity-1.11×-1.34×-1.9×-3.5×6.97×1.46×0×-0.04×
Interest coverage-0.86×-2.64×-15.54×-18.06×-9.98×-32.83×-162.51×-64.15×
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 equity10.1%32.9%55.5%115.5%-322.9%-91.9%-29.2%29.4%
Return on invested capital-14.1%-25.2%-59.8%-44.1%-36.7%-36.6%-28.9%-139.3%
Return on assets-10.2%-31.7%-37.7%-31.9%-31.3%-29.1%-21.2%-55.9%
Free cash flow yield1.0%-0.4%-44.2%-95.4%-17.9%-9.4%-5.5%-3.7%
Earnings yield-2.3%-11.4%-82.3%-163.8%-22.2%-10.3%-6.1%-4.2%
Enterprise value$2.1B$1.6B$606.3M$421.9M$1.2B$1.6B$1.5B$1.8B
Net debt / EBITDA16.19×-4.71×-3.19×-1.91×-0.48×0.47×1.83×0.39×
Cash conversion cycle (days)413939521311004340