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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
-1346.5%
-$39.89
vs $3.20 price
Levered DCF
-$34.86
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-4.5
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-1.56×-3.37×-2.17×-0.46×-5×-20.6×-10.38×-12×
P/B-1.18×-5.87×10.61×8.44×13.01×60.5×-177.58×0×
P/S0.63×1.45×0.85×1.6×7.96×23.31×25.95×30.08×
EV / EBITDA-5.77×-6.5×-2.93×-4.79×-66.18×-4,160.61×-266.3×0×
Gross margin2.2%7.5%-3.0%-1.7%1.9%8.7%1.3%16.8%
Operating margin-34.3%-32.7%-35.4%-35.4%-17.0%-9.1%-20.3%-15.7%
Net margin-39.9%-42.9%-38.9%-35.1%-15.9%-11.3%-25.0%-25.1%
Current ratio0.27×0.36×0.48×0.61×0.82×0.47×0.33×0×
Debt / equity-1.21×-2.41×3.37×1.22×0.16×1.06×-4.56×0×
Interest coverage-2.79×-3.96×-10.75×-74.52×-21.35×-2.74×-2.66×0×
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 equity75.0%173.1%-488.0%-185.1%-26.0%-29.4%171.1%0.0%
Return on invested capital-259.6%-90.4%-97.4%-81.9%-23.2%-10.5%-38.7%0.0%
Return on assets-30.4%-29.3%-37.0%-28.2%-9.6%-5.8%-18.2%0.0%
Free cash flow yield-61.1%-18.9%-66.7%-15.1%0.7%1.2%-0.3%-0.1%
Earnings yield-63.5%-29.5%-46.0%-21.9%-2.0%-0.5%-1.0%-0.8%
Enterprise value$802.9M$1.4B$1.1B$2.3B$8.8B$16.2B$10.2B$0
Net debt / EBITDA-2.44×-1.18×-0.19×0.46×5.02×7.59×-4.52×0×
Cash conversion cycle (days)8711301622-70