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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
-13309.8%
-$27.33
vs $0.21 price
Levered DCF
-$33.60
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-6.41
Distress zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020
P/E-0.41×-1.11×-7.35×-29.32×-312.91×-474.32×-33,878.33×
P/B0.33×2.41×14.32×-2,638.22×-235.62×-576.23×8,931.75×
P/S0.87×11.11×2.19×4.95×46.12×267.98×14,010.61×
EV / EBITDA-0.23×-5.91×-9.03×-34.08×-366.54×-500.59×-33,857.7×
Gross margin0.2%71.6%3.7%0.8%0.6%1.0%16.0%
Operating margin-258.8%-945.3%-27.5%-14.7%-12.8%-54.2%-41.4%
Net margin-214.4%-1003.1%-29.8%-16.9%-14.7%-56.5%-41.4%
Current ratio2.16×1.51×1.07×0.93×0.12×0.7×2.96×
Debt / equity0.01×0.01×0.02×-38.58×-0.95×-0.78×0.13×
Interest coverage-15,069.2×-4,407.26×-14×-7.39×-6.33×-18.85×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020
Return on equity-81.7%-217.6%-194.8%8998.3%75.3%121.5%-26.4%
Return on invested capital-89.9%-195.2%-176.0%-209.0%1445.8%522.1%-23.4%
Return on assets-57.4%-157.2%-153.9%-184.0%-434.3%-214.8%-17.5%
Free cash flow yield-176.4%-36.6%-10.2%-2.8%-0.2%-0.2%-0.0%
Earnings yield-246.3%-90.3%-13.6%-3.4%-0.3%-0.2%-0.0%
Enterprise value$3M$25.8M$48.3M$344.3M$3.7B$3.8B$3.8B
Net debt / EBITDA0.11×0.02×0.03×-0.04×-1.3×-0.3×-0.49×
Cash conversion cycle (days)19267-131955