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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
-397.4%
-$48.89
vs $16.44 price
Levered DCF
-$46.95
After debt service
Piotroski score
8 / 9
Strong
Altman Z-score
2.26
Grey zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E5,632.14×159×143.33×31.4×95.4×-507.02×38.98×103.62×
P/B0.89×0.9×0.98×1.08×1.14×0.88×0.97×1.03×
P/S8.57×10.18×10.27×6.3×9.04×10.01×8.4×9.43×
EV / EBITDA71.02×53.09×45.74×18.31×37.73×-210.19×124.97×106.31×
Gross margin12.3%4.5%13.8%29.6%17.2%7.1%16.0%22.2%
Operating margin-16.0%-22.0%-8.3%17.3%-0.5%-17.8%-2.9%1.0%
Net margin0.2%6.4%7.3%20.0%9.6%-2.0%21.4%9.3%
Current ratio4.14×4.13×6.9×6.9×4.04×5.3×5.43×5.85×
Debt / equity0.2×0.14×0.1×0.11×0.12×0.13×0.14×0.16×
Interest coverage0×0×0×0×0×0×0×0×
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%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity0.0%0.6%0.7%3.4%1.2%-0.2%2.5%1.0%
Return on invested capital-0.1%-1.1%-0.4%1.7%-0.0%11.6%-0.2%0.1%
Return on assets0.0%0.4%0.6%2.8%1.0%-0.1%2.0%0.8%
Free cash flow yield-15.3%-12.2%-3.0%-3.0%-4.1%-2.7%-3.1%-2.8%
Earnings yield0.0%0.6%0.7%3.2%1.1%-0.2%2.5%1.0%
Enterprise value$509.4M$453.9M$475.4M$509.7M$519.1M$380.2M$450.5M$480.1M
Net debt / EBITDA11.77×3.24×1.54×0.39×1.19×-0.86×9.58×11.05×
Cash conversion cycle (days)532240952404452