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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
-58850.1%
-$2,596.75
vs $4.42 price
Levered DCF
-$3,002.76
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-23.25
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.01×-10.5×-4.45×-5.85×-135.96×-69.07×-24.29×-159.05×
P/B0.02×1,298.97×17.04×26.03×31.1×118.27×55.44×-482.83×
P/S0.03×13.65×6.79×25.4×241.68×626.88×687.48×3,135.27×
EV / EBITDA1.41×-16.88×-6.48×-6.26×-136.69×-74.16×-37.06×-218.49×
Gross margin21.3%37.7%39.0%43.3%43.9%58.5%52.7%34.6%
Operating margin-114.5%-103.5%-130.9%-431.8%-214.9%-908.1%-1916.1%-1544.4%
Net margin-182.7%-102.8%-120.9%-434.3%-177.8%-907.6%-2830.2%-1971.3%
Current ratio4.36×0.54×1.25×0.93×3.97×5.12×9.62×0.32×
Debt / equity0×29.26×0.08×0.04×0×0.11×0×-1.61×
Interest coverage-1.52×-29.97×-656.74×-125.13×-5,016×-2,342.88×-2.09×-3.62×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-117.6%-9785.3%-303.6%-445.0%-22.9%-171.2%-228.2%303.6%
Return on invested capital-73.1%-268.5%-254.8%-419.7%-23.9%-154.3%-154.5%-391.5%
Return on assets-94.4%-142.0%-119.7%-282.9%-21.4%-134.0%-212.4%-413.6%
Free cash flow yield-3517.3%-5.4%-9.5%-4.3%-0.9%-1.2%-2.1%-0.4%
Earnings yield-6881.4%-7.5%-17.8%-17.1%-0.7%-1.4%-4.1%-0.6%
Enterprise value-$14.1M$224.5M$163.4M$498M$2.8B$1.3B$736.8M$3.3B
Net debt / EBITDA1.44×-0.28×0.27×0.02×0.71×0.39×0.42×-0.54×
Cash conversion cycle (days)-69-106-128-105-110-676-508-264