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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
+95.1%
$18.53
vs $9.50 price
Levered DCF
-$14.43
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
0.62
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-5.68×-2.33×-37.03×-3.11×2.62×-0.89×-4.32×-3.17×
P/B0.6×0.61×0.91×0.64×0.19×0.17×0.71×0.47×
P/S0.69×0.67×1.22×1.12×0.51×0.47×1.86×1.37×
EV / EBITDA6.63×51.08×6.81×34.64×4.56×-50.3×388.68×177.27×
Gross margin20.2%7.7%22.6%-6.7%-11.7%-9.9%-4.6%-8.3%
Operating margin6.0%-3.8%12.7%-24.8%-21.7%-50.5%-31.1%-38.2%
Net margin-12.2%-28.8%-3.3%-33.0%19.4%-55.6%-53.2%-43.3%
Current ratio2.54×2.04×2.14×1.09×1.28×1.36×1.62×2.14×
Debt / equity1.27×1.17×0.86×0.89×0.83×1.21×0.87×0.77×
Interest coverage0.38×-0.26×0.95×-1.82×-1.32×-2.33×-1.88×-2.56×
Dividend yield1.8%0.0%0.0%0.0%0.0%0.0%0.0%0.7%
Payout ratio-10.5%0.0%0.0%0.0%0.0%0.0%0.0%-2.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-10.5%-26.2%-2.5%-18.9%7.4%-19.7%-20.3%-14.8%
Return on invested capital2.2%-1.5%4.8%-7.1%-2.0%-5.9%-5.3%-5.7%
Return on assets-4.2%-10.7%-1.2%-8.8%3.6%-7.5%-9.2%-7.0%
Free cash flow yield-11.1%-9.7%-0.5%-6.2%13.0%-63.0%-9.0%-42.7%
Earnings yield-17.6%-43.1%-2.7%-29.4%38.3%-117.5%-28.6%-31.5%
Enterprise value$424.6M$470.4M$594.6M$539.9M$420.2M$515.6M$640.5M$555.6M
Net debt / EBITDA4.16×31.38×2.91×18.99×3.62×-43.75×191.92×98.75×
Cash conversion cycle (days)716855738215981108