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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
-37.2%
$3.98
vs $6.34 price
Levered DCF
$3.73
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-4.61
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.44×-5.44×-0.4×4.62×-14.51×-4.45×-1.96×-0.91×
P/B-1.48×-62.37×-0.23×1.45×13.79×-14.19×10.76×-9.16×
P/S66.95×10.9×3.91×1.23×3.65×15.4×13.53×54.96×
EV / EBITDA-0.55×-2.97×-0.15×1.73×-41.21×-2.29×-0.38×-0.53×
Gross margin100.0%100.0%100.0%98.2%100.0%100.0%100.0%100.0%
Operating margin-3099.9%-112.8%-332.3%13.1%-5.4%-342.4%-785.6%-7200.7%
Net margin-4658.6%-199.0%-844.9%31.9%-30.2%-415.0%-829.0%-7235.4%
Current ratio8.65×9.43×1.33×5.91×2×1.86×2.77×1.2×
Debt / equity-0.1×-2.06×-0.02×0.4×1.57×-1.96×2.3×-3.95×
Interest coverage0×0×-30.5×4.8×-1.62×-36.52×-34.53×-43.52×
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 equity103.2%1138.3%49.9%37.7%-114.1%382.5%-659.2%1205.9%
Return on invested capital-28.4%-10.6%-33.3%9.6%-4.9%-67.0%-62.5%-211.6%
Return on assets-44.0%-17.8%-72.0%21.3%-16.1%-41.6%-55.6%-146.9%
Free cash flow yield-42.4%-7.7%-50.5%-24.1%-19.8%13.3%-57.0%-121.0%
Earnings yield-69.6%-18.2%-216.1%26.0%-8.3%-27.0%-61.3%-131.6%
Enterprise value$74.8M$225.6M$35.7M$67.8M$231.8M$152.2M$19.4M$33.6M
Net debt / EBITDA0.82×2.61×0.28×-1.75×14×1.55×1.37×0.25×
Cash conversion cycle (days)1468124-24431592730