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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
-178.0%
-$5.28
vs $6.77 price
Levered DCF
-$5.40
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.92
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.94×-13.98×-2.58×-41.74×5.44×412.66×-1.78×5.43×
P/B1.24×0.76×0.35×0.74×0.45×0.59×0.31×0.99×
P/S0.27×0.33×0.16×0.36×0.26×0.31×0.15×0.33×
EV / EBITDA8.01×6.6×11.87×7.43×8.53×13.65×13.93×5.41×
Gross margin8.1%10.2%5.4%7.2%5.3%4.7%3.7%16.1%
Operating margin0.8%2.4%-4.0%1.5%-0.7%-2.3%-3.7%9.3%
Net margin-28.8%-2.4%-6.2%-0.9%4.7%0.0%-1.6%6.0%
Current ratio1.58×1.5×1.53×1.95×2.19×2.16×1.94×1.94×
Debt / equity2.46×1.02×1.04×1.03×1.14×1.56×1.62×1.68×
Interest coverage0.11×0.46×-0.88×0.39×-0.16×-0.49×-1.01×3.54×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%9.0%4.2%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%-84.3%22.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-133.5%-5.5%-13.6%-1.8%8.2%0.1%-3.3%18.1%
Return on invested capital0.8%1.9%-2.7%1.3%-0.3%-0.5%-1.9%6.3%
Return on assets-24.0%-1.8%-4.7%-0.6%2.7%0.0%-0.9%4.8%
Free cash flow yield-23.4%17.6%3.3%-11.3%38.5%15.2%-23.2%16.5%
Earnings yield-107.4%-7.2%-38.6%-2.4%18.3%0.1%-10.7%18.4%
Enterprise value$1.1B$1.1B$965.4M$1.3B$1B$1.4B$1.3B$1.8B
Net debt / EBITDA5.14×3.48×8.63×3.96×5.54×9.64×11.6×3.29×
Cash conversion cycle (days)6151536869697263