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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
+138.9%
$6.67
vs $2.79 price
Levered DCF
$1.25
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.16
Grey zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-42.81×-20.41×-3.82×-3.27×-3.14×-643.44×-33.56×70.49×
P/B2.75×2.85×2.63×2.28×2.01×12.4×5.65×6.59×
P/S0.4×0.46×0.37×0.35×0.32×2.72×1.32×1.65×
EV / EBITDA550.13×-293.73×-5.02×-4.22×-5.58×-171.44×-83.62×64.44×
Gross margin43.7%44.4%44.3%42.4%43.9%45.1%44.1%44.6%
Operating margin-1.6%-3.5%-10.0%-9.8%-9.1%-3.0%-3.0%1.5%
Net margin-0.9%-2.3%-9.6%-10.8%-10.3%-0.4%-3.9%2.3%
Current ratio1.48×1.81×1.8×1.79×1.61×2.29×2.2×2.64×
Debt / equity0.35×0.46×0.63×0.62×0.97×0.32×0.76×0×
Interest coverage0×0×0×0×0×0×0×0×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-6.4%-14.2%-68.9%-69.5%-64.2%-1.9%-16.7%9.3%
Return on invested capital-8.2%-15.1%-43.1%-38.4%-36.6%-1.5%-8.9%5.4%
Return on assets-2.6%-6.0%-26.5%-28.0%-27.1%-1.1%-8.7%6.0%
Free cash flow yield3.7%1.5%2.9%6.9%1.4%-0.9%0.6%1.8%
Earnings yield-2.3%-5.0%-26.2%-30.5%-31.9%-0.2%-3.0%1.4%
Enterprise value$512.7M$557.8M$446.3M$477.3M$830.1M$5.7B$2.4B$2.4B
Net debt / EBITDA-28.92×10.76×0.51×0.76×-1.21×-0.52×-5.55×-4.52×
Cash conversion cycle (days)161301522492011