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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
-115.9%
-$10.16
vs $63.90 price
Levered DCF
$14.90
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
23.85
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-46.6×-9.45×-25.67×-24.96×-281.06×-26.37×-95.31×-6.28×
P/B2.56×2.44×8.85×5.15×20.11×19.38×7.09×-3.21×
P/S3.17×2.83×10.6×8.03×33.51×47.93×12.11×4.83×
EV / EBITDA439.61×-10.96×-30.68×-31.32×-647.77×-26.71×-123.72×-6.33×
Gross margin69.1%67.9%66.2%76.7%84.9%80.4%75.2%80.4%
Operating margin-17.2%-31.9%-42.9%-32.5%-10.8%-28.6%-11.8%-75.7%
Net margin-6.8%-29.9%-41.2%-32.1%-11.9%-181.6%-12.7%-76.9%
Current ratio4.46×4.97×4.69×4.85×6.77×6.56×7.63×3.28×
Debt / equity0.2×0.12×0.13×0.12×0.1×0.09×0.07×-0.13×
Interest coverage0×-48,639.75×-8,040.27×-352.82×-61.1×-50.73×-9.44×-45.98×
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-5.5%-25.7%-34.4%-20.6%-7.1%-73.4%-7.4%51.1%
Return on invested capital-12.3%-24.0%-31.2%-18.5%-5.8%-10.4%-5.3%-115.2%
Return on assets-4.2%-19.9%-26.4%-16.1%-5.7%-58.4%-5.2%-90.5%
Free cash flow yield6.4%-0.3%-1.0%-4.0%-0.7%-1.8%-0.3%-11.8%
Earnings yield-2.1%-10.6%-3.9%-4.0%-0.4%-3.8%-1.0%-15.9%
Enterprise value$1.7B$1.5B$6.3B$4B$15.9B$13.7B$2.6B$671M
Net debt / EBITDA-80.9×1.95×1.29×0.97×20.55×1.17×18.88×0.33×
Cash conversion cycle (days)1271831692562732206367