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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
-0.0%
$13.10
vs $13.10 price
Levered DCF
-$0.97
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-1.72
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-6.39×-3.54×-7.25×-10.35×45.6×-12.56×-4.77×-1.52×
P/B28.16×3.93×2.74×3.31×2.79×3.64×8.47×2.13×
P/S10.56×47.8×0×0×8.16×605.6×176.47×74.43×
EV / EBITDA-8.07×-4.22×-5.87×-10.08×34.94×-11.65×-4.36×-1.07×
Gross margin96.0%96.5%0.0%0.0%100.0%100.0%100.0%100.0%
Operating margin-158.4%-1434.4%0.0%0.0%18.8%-4708.2%-3792.9%-5001.7%
Net margin-165.6%-1346.1%0.0%0.0%17.8%-4816.7%-3688.5%-4875.5%
Current ratio4.4×5.82×10×16.85×21.68×15.84×3.39×5.18×
Debt / equity5.36×1.2×0×0×0.05×0.08×0.03×0×
Interest coverage-8.08×-68.91×-1,105.55×-48.38×13.81×-30.3×0×-39.07×
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-441.6%-110.6%-37.8%-31.9%6.1%-29.0%-177.1%-139.4%
Return on invested capital-66.6%-53.6%-41.4%-32.4%6.1%-25.1%-126.1%-111.9%
Return on assets-53.9%-44.0%-34.2%-30.0%5.5%-24.3%-88.1%-88.1%
Free cash flow yield-17.8%-24.3%-10.6%-8.7%2.5%-7.8%-18.9%-60.9%
Earnings yield-15.7%-28.2%-13.8%-9.7%2.2%-8.0%-20.9%-65.5%
Enterprise value$2B$1.3B$1.2B$1.5B$938.7M$824M$244M$79.1M
Net debt / EBITDA-0.84×-0.61×1.4×0.5×-7.48×1.34×0.42×0.46×
Cash conversion cycle (days)996-4,762001422861