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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
-163.4%
-$4.34
vs $6.85 price
Levered DCF
$1.85
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-1.1
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-6.78×-5.23×-7.98×-26.95×-24.99×-2.56×-101.13×-90.05×
P/B0.84×0.79×1.11×0.82×1.63×1.5×0.95×0.85×
P/S1.29×1.1×1.56×1.21×2.56×2.18×1.73×1.46×
EV / EBITDA-11.03×-8.55×-28.91×18.1×-135.44×-43.77×18.85×11.49×
Gross margin47.0%44.9%42.5%42.4%42.8%42.1%48.1%49.0%
Operating margin-10.7%-15.0%-14.0%-8.8%-13.0%-87.6%-1.2%-1.3%
Net margin-18.9%-21.0%-19.6%-4.4%-10.2%-85.2%-1.7%-1.7%
Current ratio3.57×3.07×3.17×3.32×3.8×4.24×4.12×3.89×
Debt / equity0.03×0.04×0.02×0.02×0.02×0.03×0.02×0.02×
Interest coverage0×-31.45×0×0×0×-67.31×0×0×
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-12.4%-15.2%-13.9%-3.0%-6.5%-58.4%-0.9%-1.0%
Return on invested capital-6.4%-9.9%-9.1%-5.4%-6.9%-50.7%-0.6%-0.7%
Return on assets-9.7%-11.7%-10.9%-2.3%-4.9%-44.8%-0.8%-0.8%
Free cash flow yield-1.0%-0.8%-7.8%-12.1%0.6%-0.1%-3.3%4.0%
Earnings yield-14.7%-19.1%-12.6%-3.7%-4.0%-39.0%-1.0%-1.1%
Enterprise value$640.3M$591.8M$916.6M$656M$1.3B$887.7M$825.7M$602M
Net debt / EBITDA1.17×0.55×2.02×-3.66×23.31×12.34×-6.2×-6.98×
Cash conversion cycle (days)234253248199159213223160