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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
-12.1%
$4.00
vs $4.55 price
Levered DCF
$4.82
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
3.5
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E179.85×-564.58×24.24×12.63×7.23×-16.8×13.08×7×
P/B2.47×0.68×0.8×0.67×0.62×0.74×0.48×0.46×
P/S1.77×0.63×0.6×0.45×0.39×0.59×0.33×0.28×
EV / EBITDA45.35×4.73×3.03×2.13×2.5×7.7×2.59×2.3×
Gross margin16.6%25.1%25.4%27.1%26.6%23.6%21.1%23.0%
Operating margin-0.3%0.7%2.6%5.2%5.3%-0.2%-2.7%-3.6%
Net margin1.0%-0.1%2.5%3.6%5.4%-1.8%2.5%3.9%
Current ratio3.44×5.03×3.42×3.09×2.45×2.74×2.79×2.43×
Debt / equity0.13×0.05×0.09×0.14×0.22×0.17×0.17×0.16×
Interest coverage-3.14×5.64×14.19×21.22×19.29×-0.48×-4.12×-4.45×
Dividend yield0.0%0.0%0.0%0.0%0.1%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.4%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity1.4%-0.1%3.4%5.3%8.6%-2.3%3.7%6.5%
Return on invested capital-0.4%0.0%2.2%4.8%5.2%-0.2%-3.2%-4.8%
Return on assets1.0%-0.1%2.5%3.7%5.5%-1.5%2.5%4.2%
Free cash flow yield1.5%-2.6%8.6%18.4%3.8%2.8%17.3%14.9%
Earnings yield0.6%-0.2%4.2%7.9%13.9%-3.1%7.6%14.3%
Enterprise value$94.7M$14M$18M$16.1M$15.6M$17.6M$11.5M$9.6M
Net debt / EBITDA-7.83×-3.09×-1.21×-0.46×-0.26×-0.6×-0.01×-0.28×
Cash conversion cycle (days)561199696103776564