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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
-2837.0%
-$284.10
vs $10.38 price
Levered DCF
-$121.65
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.5
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-17.38×-6.91×-4.09×30.33×-6.58×-13.31×-212.55×-4,336×
P/B2.88×3.8×6.9×8.04×8.16×-12.95×-288.37×0×
P/S0.58×0.59×1.03×3.67×9.49×3.26×2.09×12.1×
EV / EBITDA8.3×27.16×-11.93×18.7×-6.59×-222.4×18.9×0×
Gross margin65.3%54.5%39.0%68.0%68.6%56.4%63.9%65.0%
Operating margin-6.9%-20.3%-32.9%-7.1%-15.4%-14.4%8.1%9.0%
Net margin-3.2%-8.7%-25.2%12.1%-145.6%-24.5%-1.0%-0.3%
Current ratio1.66×7×6.07×10.92×13.09×1.91×1.43×0×
Debt / equity6.2×10.97×12.67×4.5×2.47×-7.23×-157.45×0×
Interest coverage-1.08×-6.51×-9.59×-1.93×-3.39×-0.81×0.79×1×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%7.3%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-31139.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-15.6%-56.2%-168.6%26.5%-125.3%97.4%135.6%0.0%
Return on invested capital-4.7%-10.7%-15.7%-2.7%-3.5%-6.8%3.8%0.0%
Return on assets-1.9%-4.2%-10.8%4.4%-31.1%-13.1%-0.7%0.0%
Free cash flow yield18.4%4.7%2.1%-9.2%-1.8%-4.2%-2.5%-0.6%
Earnings yield-5.4%-14.8%-24.4%3.3%-15.4%-7.5%-0.5%-0.0%
Enterprise value$321.7M$395M$638.8M$1.5B$2.3B$594.9M$531.2M$0
Net debt / EBITDA3.77×13.62×-4.28×2.25×0.44×-77.4×6.51×0×
Cash conversion cycle (days)142144120331100104830