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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
-450.9%
-$18.60
vs $5.30 price
Levered DCF
-$11.02
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.82
Grey zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-17.71×-7.93×-4.35×-64.27×-156.48×116.51×-108.78×26.67×
P/B3.89×2.49×3.93×4.16×3.59×3.76×3.92×2.97×
P/S0.94×0.64×0.97×1.93×2.46×2.4×2.32×1.73×
EV / EBITDA23.14×56.77×-20.03×40.27×307.55×29.34×64.76×11.82×
Gross margin15.7%12.7%13.0%15.6%15.2%22.2%19.6%27.4%
Operating margin-3.4%-6.3%-14.7%-3.5%-7.0%4.0%-0.9%11.0%
Net margin-5.3%-8.1%-22.3%-3.1%-1.6%2.1%-2.1%6.6%
Current ratio0.98×0.91×0.84×1.62×1.21×2.1×3.11×3.14×
Debt / equity1.37×1.35×1.63×0.81×0.89×0.38×0.27×0.44×
Interest coverage2.2×-3.99×-8.89×-3.11×-5.8×3.08×-0.48×5.18×
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-21.7%-31.4%-90.3%-6.7%-2.3%3.2%-3.6%11.3%
Return on invested capital-4.9%-8.7%-18.3%-3.8%-3.4%3.2%-1.0%9.5%
Return on assets-5.2%-8.2%-20.3%-2.7%-0.9%1.9%-2.3%6.9%
Free cash flow yield-10.9%-21.7%-6.3%1.3%-1.2%0.0%1.7%0.3%
Earnings yield-5.6%-12.6%-23.0%-1.6%-0.6%0.9%-0.9%3.8%
Enterprise value$40M$33.3M$43.2M$72.1M$67.3M$39.1M$38.8M$31.1M
Net debt / EBITDA5.86×19.71×-5.82×6.31×57.57×1.27×2.73×0.84×
Cash conversion cycle (days)161132150134163168155137