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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
+90.1%
$16.53
vs $8.70 price
Levered DCF
$18.84
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-7.07
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-6.14×-1.55×-15.85×-0.28×-33.63×-37.31×-60.67×-33.72×
P/B0.89×1.04×1.5×1.65×0.9×1.14×5.93×3.22×
P/S0.49×0.6×1.34×1.59×7.09×16.54×10.87×7.81×
EV / EBITDA10.13×10.55×28.67×89.18×-764.02×-55.4×-206.82×-107.2×
Gross margin69.5%70.8%70.8%69.1%68.0%64.3%66.7%69.2%
Operating margin-10.4%-39.7%-9.6%-567.3%-13.1%-46.3%-14.5%-17.0%
Net margin-7.9%-39.0%-8.5%-567.5%-21.1%-44.3%-17.9%-23.2%
Current ratio2.69×1.77×3.54×3.22×3.7×3.19×6.52×8.53×
Debt / equity0.75×1.06×0.68×0.69×0.08×0.09×0.46×0.41×
Interest coverage-13.34×-42.89×-11.15×-622.18×-3.27×-8.45×-2.74×-2.71×
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-14.5%-67.1%-9.5%-591.9%-2.7%-3.1%-9.7%-9.6%
Return on invested capital-8.3%-32.6%-6.2%-316.3%-1.5%-2.4%-4.8%-4.8%
Return on assets-6.5%-28.5%-5.0%-290.6%-2.4%-2.7%-6.2%-6.4%
Free cash flow yield23.1%18.2%5.5%4.5%1.3%-0.4%0.3%-0.4%
Earnings yield-16.2%-64.6%-6.3%-357.7%-3.0%-2.7%-1.6%-3.0%
Enterprise value$1.5B$1.8B$4B$4.5B$14.8B$18.8B$6B$3.3B
Net debt / EBITDA1.76×1.64×3.39×13.29×-19.96×-2.19×1.52×0.31×
Cash conversion cycle (days)2434254049662016