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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
-401.4%
-$48.83
vs $16.20 price
Levered DCF
-$60.06
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-3.63
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.28×-0.71×-0.1×-0.01×-6.28×-11.96×-85×-255×
P/B3.27×1.06×-1.25×-1.5×14.91×-387.12×-3,211.9×-1,470.75×
P/S2.46×3.06×1.24×0.24×34.13×213.91×632.48×1,461.61×
EV / EBITDA-3.58×-0.35×-4.27×-0.29×-62.86×-212.22×-837.23×0×
Gross margin59.0%6.9%17.9%-54.6%8.7%4.7%-6.0%12.5%
Operating margin-138.1%-105.5%-94.7%-331.8%-58.6%-104.4%-75.6%-57.4%
Net margin-192.4%-431.3%-123.2%-323.0%-54.2%-178.8%-74.4%-57.3%
Current ratio0.75×1.41×0.58×0.64×1.99×0.69×0.76×0.57×
Debt / equity6.19×0.4×-1.46×-3.42×0.02×-2.02×0×-0.08×
Interest coverage-7.45×-39.9×-6.68×-22.09×0×-26.23×0×0×
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 equity-255.4%-149.8%124.8%2029.5%-23.7%323.7%377.9%57.7%
Return on invested capital-30.2%-25.5%-145.4%-671.2%-25.0%-169.3%384.0%62.5%
Return on assets-31.2%-77.3%-40.8%-270.0%-17.8%-99.0%-94.3%-46.2%
Free cash flow yield-55.3%-39.2%-165.7%-577.1%-1.6%-0.6%-0.1%0.0%
Earnings yield-78.2%-141.2%-99.6%-1354.7%-1.6%-0.8%-0.1%-0.0%
Enterprise value$91M$9.4M$40.1M$35.1M$2B$2.6B$2.6B$2.6B
Net debt / EBITDA-1.91×0.75×-2.28×-0.18×0.29×-0.44×0.07×0×
Cash conversion cycle (days)285246-5011026815196