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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
-5609.3%
-$454.52
vs $8.25 price
Levered DCF
-$728.61
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
0.05
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/E9.39×-0.72×-2.65×29.29×-7.18×-15.45×60.04×47.35×
P/B1.37×0.8×0.81×0.76×1.12×1.59×1.67×1.33×
P/S1.45×1.01×1.88×2.19×4.37×10.5×1.87×1.66×
EV / EBITDA9.17×-4.98×-9.7×264.6×-52.02×-67.05×-104.8×86.4×
Gross margin26.8%16.1%7.2%12.9%15.2%19.4%24.8%29.6%
Operating margin-4.3%-181.3%-87.6%-28.5%-41.4%-50.4%-25.1%-16.0%
Net margin15.2%-139.7%-71.0%7.5%-4.9%-18.8%3.1%3.5%
Current ratio1.66×1.29×1.26×1.82×1.53×1.26×1.38×1.24×
Debt / equity4.75×5.1×2.12×1.31×1.1×0.85×2.72×2.27×
Interest coverage-0.05×-4.36×-3.03×-1.49×-2.03×-2.02×-1.24×-0.92×
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 equity14.4%-111.4%-30.7%2.6%-1.3%-2.9%2.7%2.8%
Return on invested capital-0.5%-19.5%-10.1%-3.6%-4.2%-3.1%-4.0%-2.7%
Return on assets1.9%-14.3%-7.8%0.9%-0.5%-1.2%0.5%0.6%
Free cash flow yield-9.9%-168.7%-80.6%-56.3%-35.6%-13.3%-65.0%-69.2%
Earnings yield10.5%-138.5%-37.7%3.4%-1.1%-1.8%1.6%2.1%
Enterprise value$17.9B$14.5B$14.7B$13.1B$13.3B$14.3B$4B$3.2B
Net debt / EBITDA6.98×-4.27×-6.89×162.07×-24.48×-21.79×-62.31×52.21×
Cash conversion cycle (days)714168114927554-2