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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
-326.3%
-$42.24
vs $18.67 price
Levered DCF
-$3.32
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.52
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-7.23×-24.5×-8.62×-30.58×602.08×-170.86×-141.93×-14.89×
P/B9.53×8.96×6.12×6.55×21.89×15.93×17.89×13.92×
P/S1.46×2.51×2.57×3.6×13.49×11.7×9.63×9.94×
EV / EBITDA-10.49×-33.41×-11.59×-42.19×285.57×-458.25×-187.32×-16.36×
Gross margin52.3%52.1%49.2%51.5%53.5%52.2%53.6%48.9%
Operating margin-7.7%-10.5%-31.2%-11.6%3.2%-1.6%-4.6%-24.3%
Net margin-20.2%-10.2%-29.8%-11.8%2.2%-6.9%-6.8%-66.7%
Current ratio2.55×2.93×3.83×5.14×6.15×6.14×2.78×2.83×
Debt / equity2.86×1.8×1.33×0.95×0.73×0.62×0.1×0×
Interest coverage-9.88×-13.37×-23.6×-14.96×3.75×-0.62×-214.38×-5.88×
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 equity-131.9%-36.5%-71.0%-21.5%3.6%-9.4%-12.7%-93.4%
Return on invested capital-11.9%-12.7%-30.1%-10.3%2.8%-1.2%-7.2%-31.9%
Return on assets-23.2%-9.9%-23.4%-9.0%1.7%-4.8%-7.6%-59.4%
Free cash flow yield-2.0%0.2%-3.1%0.6%0.9%-0.1%0.6%-0.6%
Earnings yield-13.8%-4.1%-11.6%-3.3%0.2%-0.6%-0.7%-6.7%
Enterprise value$1.8B$2.8B$2.3B$3.1B$9.7B$6B$3.5B$1.8B
Net debt / EBITDA-2.03×-4.89×-1.82×-3.33×7.15×-10.26×1.67×0.38×
Cash conversion cycle (days)121129156104103130115121