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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
-1857.9%
-$1,172.01
vs $66.67 price
Levered DCF
-$934.79
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.34
Grey zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E21.72×58.27×-102.51×-50.18×-11.98×-17.16×-8.06×-18.18×
P/B8.74×9.06×18.71×9.74×7.8×4.73×4.94×-89.19×
P/S6.83×4.69×10.62×19.52×17.49×19.17×11.44×33.06×
EV / EBITDA27.72×32.22×-348.92×-58.38×-14.22×-21.67×-10.17×-21.94×
Gross margin59.9%59.4%63.8%69.8%69.9%64.9%58.7%44.1%
Operating margin17.9%8.5%-11.9%-33.6%-130.3%-102.9%-125.4%-155.5%
Net margin31.4%8.0%-10.4%-38.8%-146.1%-112.1%-142.1%-182.5%
Current ratio7.14×8.3×9.3×10.66×5.11×12.36×6.21×2.77×
Debt / equity0.99×2.27×3.76×0.36×0.65×0.33×0.62×-6.98×
Interest coverage7.88×2.6×-2.66×-8.44×-10.18×-6.62×-6.8×-8.36×
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 equity40.2%15.5%-18.2%-19.3%-65.2%-27.7%-61.4%492.4%
Return on invested capital10.9%5.0%-4.1%-12.3%-35.3%-18.8%-33.2%-68.4%
Return on assets17.8%4.4%-3.5%-13.1%-32.8%-18.9%-31.9%-56.4%
Free cash flow yield3.2%-3.9%-7.5%-3.2%-6.1%-6.2%-12.0%-6.1%
Earnings yield4.6%1.7%-1.0%-2.0%-8.4%-5.8%-12.4%-5.5%
Enterprise value$4.1B$2.3B$2.7B$1.7B$547.4M$501.7M$284.1M$443.8M
Net debt / EBITDA-0.13×2.6×-15.73×4.61×-0.47×-0.44×-0.5×-0.66×
Cash conversion cycle (days)109155227331401533250325