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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
-2215.9%
-$1,094.54
vs $51.73 price
Levered DCF
-$675.49
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.47
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E29.01×37.04×-1.02×-0.21×-1.48×-3.27×-19.57×-79.93×
P/B2.83×3.43×0.54×0.16×1.19×3.8×36.72×9.91×
P/S0.74×0.92×0.33×0.2×2.24×11.32×23.58×19.89×
EV / EBITDA8.57×7.77×2.59×1.61×-0.16×-11.08×-25.93×-11.15×
Gross margin25.5%28.7%16.7%-10.4%-15.0%-4.1%-28.8%-24.0%
Operating margin2.7%2.6%-32.4%-95.8%-150.9%-104.7%-97.3%-159.6%
Net margin2.7%2.6%-32.4%-95.8%-150.9%-104.7%-97.3%-159.6%
Current ratio2.62×2.74×3.89×13.36×10.23×8.65×2.37×4.56×
Debt / equity0.51×0.64×1.08×0.77×0.02×0.17×1.03×0.17×
Interest coverage1.94×0.73×-3.2×-8.6×-26.06×-4.67×-12.66×-76.78×
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 equity10.2%9.8%-53.1%-76.5%-80.4%-35.2%-151.5%-79.5%
Return on invested capital3.5%3.1%-15.7%-29.0%-52.9%-24.5%-50.6%-45.3%
Return on assets2.6%2.3%-12.6%-27.3%-49.0%-23.8%-41.2%-36.9%
Free cash flow yield17.2%17.0%-28.5%-348.6%-53.7%-7.7%-2.0%-3.4%
Earnings yield3.6%2.9%-97.7%-470.2%-67.5%-9.2%-4.1%-8.0%
Enterprise value$631M$683.6M-$229.5M-$401.2M$79.6M$3B$6.6B$753.9M
Net debt / EBITDA-6.64×-4.52×4.29×1.86×1.43×3.47×0.88×1.59×
Cash conversion cycle (days)8095198131157137154295