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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
+373.2%
$24.37
vs $5.15 price
Levered DCF
$13.46
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-4.63
Distress zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.07×-0.19×-0.2×-9.6×-1.4×-85.44×-193.69×-389.71×
P/B0.54×0.53×22.38×115.48×0.59×12,620.21×63,946.58×48,343.48×
P/S10.14×7.4×304.09×0×0×0×0×0×
EV / EBITDA0.6×0.25×-20.89×-218.48×0.53×-21,929.98×-20,907.37×-43,550.14×
Gross margin34.7%23.1%39.0%0.0%0.0%0.0%0.0%0.0%
Operating margin-959.1%-1354.3%-1523.9%0.0%0.0%0.0%0.0%0.0%
Net margin-946.2%-1288.3%-1501.8%0.0%0.0%0.0%0.0%0.0%
Current ratio7.42×6.5×2.53×7.19×8.71×8.96×2.72×9.81×
Debt / equity0.01×0.04×0.09×0×0×0.01×0.04×0×
Interest coverage-1,412.39×0×0×0×0×0×0×0×
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%-0.9%0.0%-11.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-50.6%-93.2%-110.6%-53.2%-42.2%-57.6%-303.9%-124.0%
Return on invested capital-51.0%-94.4%-85.7%-53.9%-42.0%-56.8%-294.9%-111.2%
Return on assets-44.7%-79.8%-75.5%-48.8%-38.3%-51.4%-196.6%-111.5%
Free cash flow yield-77.6%-81.8%-4.7%-0.6%-86.0%-0.0%-0.0%-0.0%
Earnings yield-93.3%-174.2%-4.9%-0.5%-71.6%-0.0%-0.0%-0.0%
Enterprise value-$73.4M-$18.8M$2.3B$23.8B-$48.8M$1.1T$602.2B$1.1T
Net debt / EBITDA1.69×1.26×0.13×1.1×1.93×1.5×0.38×0.95×
Cash conversion cycle (days)1824671,01400-62,1580-19