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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
+266.6%
$117.56
vs $32.07 price
Levered DCF
$39.38
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
3.63
Safe 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-5.36×-29.12×-79.04×-45.5×-27.36×-65.66×-11.75×-10.71×
P/B33.96×7.15×7.59×8.6×7.08×46.52×5.19×5.86×
P/S1.95×3.25×5.24×7.85×8.99×18.36×2.92×1.12×
EV / EBITDA6.67×-160.24×-1,199.98×-30.4×-26.87×-69.09×-11.43×-15.93×
Gross margin90.1%90.6%87.9%86.1%90.4%89.6%89.7%91.3%
Operating margin8.9%-7.7%-6.5%-27.3%-30.6%-32.3%-23.3%-8.6%
Net margin-36.4%-11.2%-6.6%-17.3%-32.8%-27.9%-23.9%-10.3%
Current ratio1.8×2.18×1.38×1.61×4.09×1.27×3.35×2.42×
Debt / equity8.13×0.82×0.26×0.02×0.01×0.08×0.32×1.35×
Interest coverage1.35×-2.15×-8.86×-43.96×-10,374.34×-436.73×-25.87×-5.8×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%3.4%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-37.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-633.5%-24.5%-9.6%-19.0%-25.9%-70.8%-42.5%-54.0%
Return on invested capital16.7%-9.2%-6.9%-15.0%-24.1%-78.5%-31.9%-19.0%
Return on assets-51.5%-11.0%-5.8%-13.0%-21.8%-44.3%-25.3%-19.7%
Free cash flow yield1.1%-0.1%-1.0%-1.8%-2.6%-2.0%-11.3%4.1%
Earnings yield-18.7%-3.4%-1.3%-2.2%-3.7%-1.5%-8.2%-9.2%
Enterprise value$233M$298.1M$346.9M$351.6M$198.7M$286.2M$29.8M$7.3M
Net debt / EBITDA0.91×-8.82×-22.98×0.7×2.46×-0.01×1.73×-1.68×
Cash conversion cycle (days)100113174178275201144260