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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
-57.3%
$3.78
vs $8.86 price
Levered DCF
$3.65
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.85
Grey 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-3.6×-28.7×36.89×-11.57×14.59×-38.73×-12.59×30.52×
P/B2.37×8.51×1.02×10.08×2.11×1.96×1.42×60.76×
P/S709.95×0×0×0×4.99×4.89×5.24×0×
EV / EBITDA-13.98×-15.82×-938.13×-10.63×10.61×10.55×13.76×-42.84×
Gross margin-84.7%0.0%0.0%0.0%83.8%83.0%77.0%0.0%
Operating margin-3621.6%0.0%0.0%0.0%57.3%-12.1%-46.9%0.0%
Net margin-18110.7%0.0%0.0%0.0%34.2%-12.6%-41.8%0.0%
Current ratio10.17×3.22×1.61×2.54×0.74×1×0.45×0.17×
Debt / equity0.01×0.03×0×0.03×1.37×1.28×0.92×0×
Interest coverage0×0×0×0×3.17×-0.8×0×0×
Dividend yield0.0%0.0%0.0%0.0%9.8%12.4%11.1%4.6%
Payout ratio0.0%0.0%0.0%0.0%142.2%-481.7%-139.7%129.8%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-60.4%-52.2%2.7%-86.8%14.5%-5.1%-11.3%215.8%
Return on invested capital-9.0%-24.7%-0.4%-42.9%7.6%-1.5%-6.6%-95.7%
Return on assets-42.8%-22.8%2.6%-35.7%6.0%-2.2%-5.7%139.6%
Free cash flow yield-7.4%-6.3%-11.2%-7.2%9.9%11.7%5.2%4.5%
Earnings yield-25.5%-6.1%2.7%-8.6%6.9%-2.6%-8.0%3.6%
Enterprise value$809.6M$240.3M$250.7M$250.9M$8B$7.8B$7.3B$1.9B
Net debt / EBITDA6.16×1.05×-3.06×1.11×4.17×4.16×5.42×0.06×
Cash conversion cycle (days)1,734-1,7110-4,138-247330