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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
-476.3%
-$15.39
vs $4.09 price
Levered DCF
-$20.93
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
3.99
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-288.15×-19.08×-5.3×-2.39×-18.75×-1.69×-1.35×
P/B8.72×36.76×17.26×-7.62×-4.37×-0.47×4.32×
P/S23.93×79.29×10.6×8.95×70.78×10.06×11.33×
EV / EBITDA148.78×-19.82×-7.29×-3.14×-25.17×-1.59×-1.15×
Gross margin42.4%48.9%75.4%69.2%68.9%55.0%41.2%
Operating margin-13.8%-403.0%-149.6%-339.5%-308.2%-507.1%-841.1%
Net margin-8.3%-414.1%-193.9%-374.9%-375.2%-571.6%-839.7%
Current ratio4.59×3.77×4.69×0.46×0.31×2×2.16×
Debt / equity0.01×0.02×3.2×-1.21×-0.21×-0.06×0.31×
Interest coverage-34.73×-28.05×-4.1×-15.33×-7.83×-29.09×0×
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 equity-3.0%-192.0%-315.7%319.2%23.2%26.9%-320.1%
Return on invested capital-3.8%-68.1%-52.9%-541.2%-252.4%-159.3%-139.9%
Return on assets-2.0%-63.3%-58.9%-307.3%-161.7%-116.9%-100.5%
Free cash flow yield-2.6%-1.6%-14.1%-34.2%-4.5%-37.0%-58.8%
Earnings yield-0.3%-5.2%-18.3%-41.9%-5.3%-56.8%-74.1%
Enterprise value$3.8B$6.5B$480.9M$313.3M$1.6B$103.9M$68.7M
Net debt / EBITDA-9.57×0.59×0.08×-0.35×-0.84×0.41×0.31×
Cash conversion cycle (days)11316873-47-172-10697