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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
-127.5%
-$3.22
vs $11.72 price
Levered DCF
-$2.66
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
7.09
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E55.51×469.86×-16.63×-5.89×-47.14×872.98×-11.73×-26×
P/B12.65×14.26×5.72×4.07×10.87×-15.27×-82.12×-108.93×
P/S1.64×1.21×0.45×0.39×1.9×3.39×4.34×15.17×
EV / EBITDA145.4×38.5×-30.55×-3.17×-31.88×-16.11×-31.21×-68.44×
Gross margin34.6%34.9%32.7%30.0%32.0%31.5%48.3%41.2%
Operating margin7.7%2.6%-7.5%-21.1%-19.3%-47.9%-35.1%-58.7%
Net margin2.9%0.3%-2.6%-6.5%-6.0%0.4%-35.3%-58.9%
Current ratio1.93×1.75×1.66×1.84×4.07×0.73×0.66×0.51×
Debt / equity0.13×0.06×0.08×0.03×0.02×-0.02×0×0×
Interest coverage0×25.4×0×-217.8×-504.17×-988.29×-181.52×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.6%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%480.3%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity22.6%3.0%-34.0%-68.9%-34.0%-1.7%666.6%422.8%
Return on invested capital-129.1%2.5%-28.2%-60.3%-29.0%144.7%3790.7%639.9%
Return on assets5.1%0.6%-5.7%-11.0%-7.1%0.4%-88.1%-131.5%
Free cash flow yield7.1%6.9%-12.1%-38.9%-8.9%1.1%-3.0%-1.9%
Earnings yield1.8%0.2%-6.0%-16.9%-3.1%0.1%-8.1%-3.9%
Enterprise value$4.2B$2.5B$583M$349.9M$2B$2B$661.3M$670.4M
Net debt / EBITDA-11.15×-3.46×8.6×1.85×4.51×2.01×0.5×0.15×
Cash conversion cycle (days)-9-3-23181621-18