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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
-3226.6%
-$79.73
vs $2.55 price
Levered DCF
-$27.51
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-2.3
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-5.04×-0.17×-4×-0.53×-4.52×-12.48×-31.38×-309.02×
P/B0.38×0.18×0.28×0.23×0.39×1.03×8.28×38.82×
P/S0.67×0.46×1.24×1.22×3.44×8.92×7.76×179.31×
EV / EBITDA83.19×-0.25×-15.65×-0.9×-9.83×-20.41×-58.96×-377.69×
Gross margin28.4%29.3%28.3%23.4%18.6%24.0%23.7%74.7%
Operating margin-6.9%-277.9%-22.1%-218.4%-37.1%-25.8%-25.7%-85.0%
Net margin-13.4%-266.3%-31.1%-231.6%-75.9%-71.6%-25.3%-157.0%
Current ratio2.21×2.46×2.27×1.79×2.87×2.2×2.8×21.37×
Debt / equity0.25×0.22×0.11×0.18×0.14×0.21×1.64×2.17×
Interest coverage-2.11×-55.23×-3.55×-29.38×-5.88×-4.28×-4.06×-8.42×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-7.6%-105.4%-7.1%-43.8%-8.6%-8.2%-27.0%-34.0%
Return on invested capital-3.1%-84.5%-3.8%-32.5%-3.5%-2.3%-8.9%-5.8%
Return on assets-5.3%-75.3%-5.7%-33.0%-6.9%-6.1%-8.6%-10.2%
Free cash flow yield-16.6%-46.1%-6.1%-1.7%-12.3%-2.2%-14.1%-1.3%
Earnings yield-20.0%-576.6%-25.0%-189.6%-22.1%-8.0%-3.3%-0.9%
Enterprise value$786.4M$526.2M$1.6B$1.5B$2.4B$5B$2.6B$7.7B
Net debt / EBITDA18.24×-0.07×-2.18×-0.3×-1.06×-1.83×-8.03×2.88×
Cash conversion cycle (days)66215142149229250128170