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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
-178.4%
-$4.17
vs $5.32 price
Levered DCF
-$7.77
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-2.03
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-5.69×-24.2×-6.43×-4.79×-32.54×-15.22×-619.73×284.32×
P/B5.95×1.64×5.07×3.12×13.97×12.67×7.99×6.48×
P/S3.61×1.75×4.23×1.9×6.85×8.89×8.56×8.2×
EV / EBITDA-14.44×10.74×-12.7×-5.24×-55.52×-19.7×106.95×70.67×
Gross margin38.7%41.9%34.4%10.2%46.0%50.8%60.4%61.6%
Operating margin-46.7%7.9%-53.4%-31.4%-17.6%-50.0%-0.6%5.5%
Net margin-66.0%-7.2%-66.0%-39.7%-21.1%-58.4%-1.4%2.9%
Current ratio2.38×2.61×1.65×1.53×1.59×1.75×3.13×2.93×
Debt / equity1.95×1.19×1.63×0.69×0.67×1.36×0.63×0.4×
Interest coverage-1.95×0.56×-3.52×-5.95×-3.62×-5.13×-0.31×1.65×
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-108.5%-6.8%-79.1%-65.2%-43.0%-83.2%-1.3%2.3%
Return on invested capital-25.0%3.3%-23.6%-29.5%-13.4%-19.2%-0.4%3.0%
Return on assets-28.9%-2.4%-22.0%-23.1%-9.0%-14.3%-0.7%1.4%
Free cash flow yield-9.1%-28.2%-33.4%-40.0%-0.7%12.1%-0.5%1.4%
Earnings yield-18.2%-4.1%-15.6%-20.9%-3.1%-6.6%-0.2%0.4%
Enterprise value$728.8M$344.6M$733M$548.8M$2.2B$881.6M$1.1B$907.8M
Net debt / EBITDA-1.93×1.5×-1.43×1.31×5.99×2.21×2.02×-1.52×
Cash conversion cycle (days)1982281964725677193150