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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
-210.2%
-$5.74
vs $5.21 price
Levered DCF
-$0.31
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.92
Grey 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-10.2×-4.68×-7.3×-6.44×-23.72×1,263.6×-614.85×-609.31×
P/B3.87×1.93×1.59×2×5.68×16.77×-9.3×-7.41×
P/S2.26×2.27×1.74×1.59×4.22×11.85×8.25×7.23×
EV / EBITDA-12.96×-5.03×-6.83×-5.28×-24.81×105.25×145.48×85.42×
Gross margin37.0%31.8%36.4%36.4%35.5%34.7%32.9%38.4%
Operating margin-14.8%-51.6%-27.7%-24.8%-17.1%0.2%3.2%6.5%
Net margin-22.2%-48.5%-23.7%-24.6%-17.8%0.9%-4.0%-1.2%
Current ratio2.57×4.13×3.57×3.69×3.76×3.7×1.06×1.05×
Debt / equity0.08×0.08×0.07×0.13×0.08×0.14×-1.26×-0.23×
Interest coverage-44.25×-86.76×-51.29×-61.61×-53.36×0.04×0.67×1.24×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.4%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-234.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-38.1%-41.3%-21.6%-31.0%-23.9%1.3%4.5%1.2%
Return on invested capital-22.8%-40.4%-23.5%-27.6%-21.0%0.2%9.7%24.3%
Return on assets-26.1%-33.2%-16.5%-22.5%-17.5%0.9%-7.6%-2.2%
Free cash flow yield7.9%-11.5%-5.5%0.8%-0.6%-0.4%0.4%0.2%
Earnings yield-9.8%-21.4%-13.6%-15.5%-4.2%0.1%-0.5%-0.2%
Enterprise value$326.6M$201.3M$165M$246.3M$912.2M$2B$1.5B$1B
Net debt / EBITDA1.79×1.11×3.63×2.09×3.03×-4.57×16.75×2.61×
Cash conversion cycle (days)2868494275272445