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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
-251.0%
-$26.38
vs $17.47 price
Levered DCF
-$38.79
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
3.14
Safe 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-6.5×25.53×-55.25×-0.93×-263.33×-56.63×-1.08×-0.35×
P/B1.51×0.9×1.43×0.41×1.55×2.57×0.84×3.5×
P/S6.67×7.48×9.65×1.82×9.79×59.03×3.21×2.58×
EV / EBITDA-93.02×9.73×-765.19×-0.64×156.33×-120.82×-0.83×-0.39×
Gross margin-15.6%30.2%9.4%25.3%61.5%48.3%10.8%25.8%
Operating margin-61.8%40.8%-22.5%-197.8%-14.0%-128.7%-137.7%-756.7%
Net margin-102.4%29.0%-17.6%-196.6%-7.2%-116.8%-293.1%-739.4%
Current ratio0.96×3.74×8.33×3.65×5.14×98.57×3.75×0.35×
Debt / equity0.3×0.2×0.01×0.02×0.01×0×0.01×0.29×
Interest coverage-16.57×77.38×0×-391.67×-100.91×0×-77.19×-482.65×
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-23.2%3.5%-2.6%-44.3%-1.1%-5.1%-76.4%-1002.3%
Return on invested capital-10.7%4.0%-3.0%-41.7%-2.1%-5.6%-34.2%-814.9%
Return on assets-16.8%2.8%-2.4%-38.6%-1.0%-5.0%-66.0%-418.5%
Free cash flow yield-17.9%-54.0%-14.4%-74.5%-24.4%-7.4%-99.6%-193.9%
Earnings yield-15.4%3.9%-1.8%-107.8%-0.7%-2.0%-91.3%-286.6%
Enterprise value$5B$3.2B$2.1B$264.6M$1.8B$489.8M$14.9M$21.7M
Net debt / EBITDA-11.9×1.03×206.68×0.5×-26.13×55.1×0.39×-0.03×
Cash conversion cycle (days)1081931-46-42-43-240