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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
-3498.7%
-$455.42
vs $13.40 price
Levered DCF
-$475.92
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-1.36
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-6.42×-2.84×-4.09×-2.49×-4.51×-9.98×-23.16×
P/B5.12×2.05×2.43×1.22×1.08×-7.34×-26.31×
P/S4.34×2.71×5.01×10.15×384.6×0×0×
EV / EBITDA-10.32×-4.1×-4.56×-1.18×-1.04×-7.51×-19.93×
Gross margin2.7%-24.1%-45.8%-188.4%-845.5%0.0%0.0%
Operating margin-66.5%-94.3%-129.4%-413.5%-7672.7%0.0%0.0%
Net margin-67.7%-95.5%-122.5%-407.2%-8523.6%0.0%0.0%
Current ratio2.33×4.7×4.95×5.42×14.13×4.94×12.39×
Debt / equity1.46×0.87×0.56×0.13×0.08×-0.13×-0.2×
Interest coverage-13.08×-14.75×-26.09×-66.56×-145.52×-127.63×-12.03×
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-79.9%-72.4%-59.4%-48.9%-24.0%73.6%122.4%
Return on invested capital-27.9%-33.3%-39.2%-43.6%-20.0%-25.3%-16.7%
Return on assets-24.5%-30.8%-32.4%-37.8%-21.0%-22.1%-17.4%
Free cash flow yield-10.6%-21.2%-26.5%-38.2%-20.9%-17.3%-5.6%
Earnings yield-15.6%-35.2%-24.5%-40.1%-22.2%-10.0%-4.7%
Enterprise value$26.4B$13.9B$19.5B$7.1B$4.6B$7.4B$7.7B
Net debt / EBITDA-1.2×-0.13×0.64×1.63×3.7×2.85×5.69×
Cash conversion cycle (days)1071361064926-1,133-1,408