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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
-260.6%
-$3.65
vs $2.27 price
Levered DCF
$39.35
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
7.29
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E-61.8×-131.32×-21.25×-52.68×55.83×
P/B3.38×1.1×2.52×14.77×4,437.79×
P/S9.35×18.5×49.66×798.95×0×
EV / EBITDA-76.13×182.67×-80.87×-74.39×57.35×
Gross margin16.3%97.2%96.6%97.4%0.0%
Operating margin-5.9%-38.7%-62.6%-1275.2%0.0%
Net margin-14.7%-14.2%-228.0%-1515.8%0.0%
Current ratio1.13×0.76×0.2×1.06×22.59×
Debt / equity0.03×0.04×0.25×0.39×5.82×
Interest coverage-15.39×-2.31×-0.43×-3.15×0×
Dividend yield0.2%0.0%0.0%0.0%0.0%
Payout ratio-15.4%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity-5.3%-0.8%-11.6%-28.0%7730.9%
Return on invested capital-2.0%-2.2%-2.5%-16.9%-79.8%
Return on assets-4.4%-0.8%-8.2%-19.4%920.7%
Free cash flow yield-0.1%3.5%-1.1%0.3%-1.0%
Earnings yield-1.6%-0.8%-4.6%-1.9%1.7%
Enterprise value$46.5M$15.4M$26.5M$146.2M$132.9M
Net debt / EBITDA-0.35×5.87×-6.75×-1.71×-0.05×
Cash conversion cycle (days)13-7,625-10,4462980