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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
-426.8%
-$305.79
vs $93.58 price
Levered DCF
-$304.19
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
12.7
Safe 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-34.42×-12.9×-14.37×-8.3×-7.28×-10.04×-6.21×-11.25×
P/B25.76×20.75×15.62×5.74×1.74×7.88×2.98×3.38×
P/S36.66×26.24×34.24×64.21×156.95×0×0×0×
EV / EBITDA-39.66×-13.98×-15.39×-7.99×-6.4×-8.94×-5.36×-10.05×
Gross margin89.7%89.7%88.0%91.0%81.0%0.0%0.0%0.0%
Operating margin-101.2%-204.0%-238.1%-757.9%-5391.9%0.0%0.0%0.0%
Net margin-103.6%-200.3%-238.5%-766.2%-2207.1%0.0%0.0%0.0%
Current ratio4.41×3.24×5.58×8.9×7.1×10.1×12.38×19.05×
Debt / equity0.01×0.02×0.01×0.01×0.01×0.02×0.01×0×
Interest coverage-9.33×-12.89×-13.27×-34.45×0×0×0×0×
Dividend yield0.0%0.1%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%-1.5%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-72.8%-158.4%-108.8%-68.5%-24.5%-78.5%-47.9%-30.1%
Return on invested capital-51.2%-95.9%-66.2%-52.2%-59.3%-80.5%-51.3%-31.8%
Return on assets-40.9%-66.4%-55.5%-47.4%-21.1%-69.9%-43.6%-28.5%
Free cash flow yield-1.7%-3.3%-5.1%-11.7%-30.6%-9.3%-15.1%-7.5%
Earnings yield-2.8%-7.6%-7.0%-11.9%-14.1%-10.0%-16.1%-8.9%
Enterprise value$6.9B$3.3B$2.6B$1.4B$438.3M$1.2B$777.5M$783.8M
Net debt / EBITDA0.29×0.36×0.35×0.72×0.83×0.72×0.4×0.64×
Cash conversion cycle (days)271227217-226-3,310-2,592-4,558-6,309