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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
-3065.1%
-$45.07
vs $1.52 price
Levered DCF
-$41.27
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-3.57
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017
P/E-0.86×-1×-1.59×-3.04×-128×-385.54×-2,909.09×-2,245.61×
P/B1.75×1.85×8.91×2.52×366.77×-547.61×-869.35×-2,191.92×
P/S0.97×0.81×1.37×3.33×192.76×519.52×3,531.49×7,013.39×
EV / EBITDA-1.63×-2.03×-3.36×-3.51×-136.05×-448.31×-3,451.04×-2,422.92×
Gross margin57.1%62.8%65.7%65.5%-29.7%-54.9%-51.8%48.4%
Operating margin-71.6%-77.9%-82.5%-109.3%-112.4%-133.2%-121.4%-311.7%
Net margin-112.9%-81.1%-85.8%-109.7%-150.9%-134.8%-121.8%-311.9%
Current ratio1.03×0.31×0.2×3.4×1.3×0.13×0.02×0.01×
Debt / equity1.44×1.48×8.46×0.9×2.83×-3.45×-1.65×-1.71×
Interest coverage-4.74×-21.47×-35.08×-121.27×-158.53×-49.11×-431.1×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017
Return on equity-202.6%-184.6%-558.3%-82.9%-287.1%142.0%30.0%97.5%
Return on invested capital-52.0%-71.6%-56.7%-43.5%-55.8%-57.4%-46.0%-136.9%
Return on assets-69.4%-61.7%-51.1%-42.0%-72.2%-54.1%-44.0%-93.6%
Free cash flow yield-83.1%-94.9%-74.2%-36.9%-0.6%-0.2%-0.0%-0.1%
Earnings yield-115.9%-99.9%-62.7%-32.9%-0.8%-0.3%-0.0%-0.0%
Enterprise value$11.8M$8.5M$14.5M$11.6M$442M$414.5M$2.2B$2.2B
Net debt / EBITDA-0.54×-0.88×-1.62×-0.25×-0.77×-2.67×-8.17×-1.89×
Cash conversion cycle (days)113-60-83155-1515-486