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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
+2504.4%
$67.45
vs $2.59 price
Levered DCF
$17.13
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.49
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2015
P/E-3.05×-0.81×-3.67×-10.46×-13.15×-121.94×1,693.1×13.27×
P/B3.6×1.53×0.41×1.43×2.31×236.36×-371.87×0.89×
P/S1.54×123.25×0×0×0×0×0×0.83×
EV / EBITDA-6.2×-14.34×-0.47×-4.86×-7.46×-130.69×1,682.37×6.7×
Gross margin7.4%41.7%0.0%0.0%0.0%0.0%0.0%63.9%
Operating margin-23.8%-2524.2%0.0%0.0%0.0%0.0%0.0%20.5%
Net margin-48.7%-15300.9%0.0%0.0%0.0%0.0%0.0%6.3%
Current ratio1.43×1.41×6.34×9.26×22.59×1.45×0.36×0.48×
Debt / equity1.02×3.01×0×0.02×0×1.53×-0.08×1.5×
Interest coverage-4.85×0×0×-67.94×-25,190.33×-168.36×0×3.02×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%9.2%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%122.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2015
Return on equity-114.3%-189.8%-11.4%-13.8%-17.1%-193.8%-22.1%6.8%
Return on invested capital-17.8%-5.8%-9.6%-15.7%-12.6%-71.0%15.6%4.2%
Return on assets-26.8%-33.7%-9.8%-11.9%-14.9%-60.3%44.2%1.9%
Free cash flow yield1.4%-42.4%-105.6%-26.3%-6.1%-0.6%-0.1%-5.7%
Earnings yield-31.7%-124.1%-27.5%-9.6%-7.4%-0.8%0.1%7.6%
Enterprise value$1.3B$1B$6.9M$479.7M$695.5M$1.2B$352.8M$6.1B
Net debt / EBITDA-0.69×-9.16×17.11×5.56×6.05×0.81×-0.47×4.19×
Cash conversion cycle (days)-1445,3250-5,166-11,598-22,143055