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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
-2540.9%
-$247.27
vs $10.13 price
Levered DCF
-$371.06
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.92
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E16.02×-6.78×-9.86×-11.57×-11.18×-56.22×-71.96×
P/B2.38×2.95×2.3×1.41×2.14×1.47×-34.48×
P/S11.02×20.8×20.99×20.13×96.43×250.91×0×
EV / EBITDA44.64×-11.69×-15.02×-19.31×-32.11×-111.6×-106.21×
Gross margin-15.3%38.2%5.4%-211.2%-219.5%-183.2%0.0%
Operating margin-101.8%-138.3%-224.3%-1008.7%-773.1%-305.3%0.0%
Net margin68.3%-306.4%-213.6%-172.6%-862.5%-369.9%0.0%
Current ratio1.51×5.63×8.73×4.99×18.65×28.54×0.36×
Debt / equity2.92×3.1×3.49×8.21×3.13×0.49×-7.42×
Interest coverage-20.62×-28.55×-31.41×0×-10.52×-5.29×-7.85×
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 equity14.7%-43.4%-23.4%-12.1%-19.2%-2.2%49.2%
Return on invested capital-5.0%-3.8%-4.4%-5.9%-4.2%-1.5%-6.1%
Return on assets3.2%-8.1%-4.0%-1.0%-4.5%-1.8%-6.9%
Free cash flow yield-28.5%-28.5%-40.2%-197.8%-14.9%-7.5%-4.0%
Earnings yield6.2%-14.7%-10.2%-8.6%-8.9%-1.5%-1.4%
Enterprise value$656.3M$587.6M$339.9M$250.7M$367.3M$228.4M$165.5M
Net debt / EBITDA24×-5.58×-8×-16.45×-18.81×-27.54×-18.27×
Cash conversion cycle (days)0213-117-44-41-290