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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
-87.7%
$0.63
vs $5.09 price
Levered DCF
-$6.03
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.95
Grey zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-4.99×-12.66×13.25×9.92×20.21×-15.51×0×95.9×
P/B1.75×1.36×1.44×1.96×4.19×5×0×4.02×
P/S0.5×0.5×0.54×0.66×1.27×1.87×0×1.65×
EV / EBITDA-67.24×-54.11×9.08×11.14×13.38×-31.63×0×21.86×
Gross margin45.5%47.9%46.1%44.3%50.6%47.9%0.0%46.5%
Operating margin-0.7%3.3%4.1%3.7%9.6%-0.3%0.0%4.1%
Net margin-10.0%-3.9%4.1%6.4%6.3%-12.3%0.0%1.8%
Current ratio1.62×2.1×2.46×2.17×2.18×2.28×0×1.9×
Debt / equity1.37×0.69×0.67×0.77×0.85×1.2×0×0.6×
Interest coverage-1.17×28.14×0×17.13×12.37×-0.28×0×9.34×
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-35.0%-10.6%10.8%19.0%20.8%-32.8%0.0%4.3%
Return on invested capital-1.0%5.1%5.4%6.1%15.3%-0.4%0.0%3.4%
Return on assets-11.2%-4.7%4.9%7.8%8.1%-10.9%0.0%1.9%
Free cash flow yield-6.6%-8.9%6.6%-5.1%0.0%7.1%0.0%4.2%
Earnings yield-20.1%-7.8%7.5%9.7%5.0%-6.6%0.0%1.1%
Enterprise value$4.1B$3.4B$3.7B$4.7B$7.7B$8.9B$0$9.2B
Net debt / EBITDA-26.74×-12.82×1.44×1.94×0.81×-1.74×0×1.22×
Cash conversion cycle (days)1171181051077993085