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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
-186.9%
-$5.28
vs $6.07 price
Levered DCF
$11.49
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-0.87
Distress 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-2.35×-146.67×20.56×-22.68×-10.14×-8.43×-129.41×
P/B2.41×5.2×5.21×7.98×6.37×5.47×236.55×
P/S2.68×4.05×5.29×6.98×10.76×227.04×38.24×
EV / EBITDA-3.59×35.16×33.57×-212.02×-36.23×-16.04×-161.65×
Gross margin80.5%81.1%83.0%82.1%86.8%-537.0%77.5%
Operating margin-73.4%7.8%18.5%-21.0%-57.1%-1483.7%-10.5%
Net margin-109.2%-0.2%29.6%-25.2%-93.6%-2555.2%-29.2%
Current ratio1.04×0.95×0.9×0.5×0.89×1.09×1.12×
Debt / equity0.78×1.69×1.73×2.65×2.14×1.68×0.68×
Interest coverage-9.15×0.77×1.62×-1.82×-2.84×-6.97×-5.91×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.1%
Payout ratio0.0%0.0%0.0%0.0%0.0%-0.0%-8.4%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-98.2%-0.2%29.2%-28.8%-55.4%-61.6%-180.7%
Return on invested capital-33.7%-0.3%6.2%-6.2%-10.3%-12.6%-23.6%
Return on assets-37.7%-0.1%8.1%-6.0%-14.3%-18.8%-19.2%
Free cash flow yield4.1%3.6%4.2%-0.7%-1.9%-3.1%-1.8%
Earnings yield-40.7%-0.0%5.6%-3.6%-8.7%-11.3%-0.8%
Enterprise value$4.9B$8.5B$8.9B$9.3B$9.1B$9.9B$7.8B
Net debt / EBITDA-0.19×5.51×6.18×-46.41×-7.48×-2.93×5.09×
Cash conversion cycle (days)-64-103-65-131-1872261