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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
-2815.4%
-$50.78
vs $1.87 price
Levered DCF
-$24.88
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-12.87
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-0.33×-0.77×-1.59×-22.93×-15.09×-27,361.11×-271.46×
P/B-0.65×-0.54×-1.54×14.78×-5.96×-9.81×0×
P/S4.45×1.83×5.69×14.08×42.59×58.99×66.07×
EV / EBITDA-0.73×-2.07×-3.58×-54.6×-20.37×-48.4×0×
Gross margin49.7%70.5%66.5%71.6%88.4%90.9%72.4%
Operating margin-900.1%-147.4%-225.6%-133.1%-114.4%-149.7%-659.4%
Net margin-1185.8%-128.7%-244.6%-61.4%-282.4%-201.7%-849.1%
Current ratio0.08×0.16×0.19×0.66×0.14×0.29×0×
Debt / equity-0.64×-0.2×-0.74×0.04×-0.69×-0.98×0×
Interest coverage-23.76×-42.48×-98.72×-5.27×-3.05×-2.69×-8.21×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity172.7%37.8%66.1%-64.5%39.5%33.5%0.0%
Return on invested capital1031.6%63.6%264.4%-119.3%107.2%-108.9%0.0%
Return on assets-98.3%-78.3%-112.9%-27.0%-113.5%-58.3%0.0%
Free cash flow yield2.7%18.1%-7.9%-4.4%-2.1%-2.3%-4.4%
Earnings yield-266.5%-70.2%-43.0%-4.4%-6.6%-3.4%-12.9%
Enterprise value$262.2M$138.4M$390.3M$534.8M$1.5B$1.5B$0
Net debt / EBITDA-0.36×-0.52×-1.14×0.08×-2.06×-4.25×0×
Cash conversion cycle (days)-1,770-927-585-35-7-9810