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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
-379.7%
-$11.97
vs $4.28 price
Levered DCF
-$11.82
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
-0.5
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-5.21×-11.03×17.22×-80.88×5.82×9.14×27.02×16.94×
P/B0.78×0.88×0.97×1×0.94×0.85×1.06×0.92×
P/S-6.09×33.42×3.18×4.13×4.73×3.79×4.23×4.03×
EV / EBITDA-63.02×-27.48×9.96×8.13×14.97×11.47×11.55×10.8×
Gross margin122.1%-218.6%100.0%100.0%100.0%100.0%100.0%100.0%
Operating margin29.9%-301.5%73.9%70.6%68.8%72.3%72.4%70.3%
Net margin116.5%-304.1%18.4%-5.1%81.0%41.5%15.7%23.9%
Current ratio0.25×14.52×5.4×7.54×1.21×0.87×2.81×4.97×
Debt / equity1.73×1.42×1.43×1.26×1.22×1.11×1.17×0.97×
Interest coverage-0.35×-0.95×3.52×3.6×3.18×3.41×3.39×3.31×
Dividend yield20.5%17.7%15.1%9.4%8.9%11.8%10.2%11.0%
Payout ratio-107.0%-194.1%261.3%-763.9%51.8%107.3%276.7%186.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-14.9%-8.0%5.6%-1.2%16.1%9.3%3.9%5.5%
Return on invested capital-1.4%-3.3%9.2%7.5%6.1%7.6%8.3%8.1%
Return on assets-5.4%-3.3%2.3%-0.5%7.1%4.3%1.8%2.7%
Free cash flow yield33.3%42.2%13.4%27.3%-10.6%18.8%0.6%-6.0%
Earnings yield-19.1%-9.1%5.8%-1.2%17.1%11.0%3.7%5.9%
Enterprise value$1.4B$1.7B$1.5B$1.6B$1.8B$1.5B$1.7B$1.5B
Net debt / EBITDA-42.67×-16.4×5.65×4.35×8.38×6.42×5.9×5.44×
Cash conversion cycle (days)-103447454258343642