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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
-733.1%
-$69.64
vs $11.00 price
Levered DCF
-$85.84
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
3.34
Safe 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-1.91×-1.92×-2.19×6.51×10.29×-10.67×-7.77×-11.68×
P/B1.09×0.87×0.85×1.62×3.8×4.45×3.19×-7.58×
P/S12.18×13.48×15.66×2.08×4.96×41.79×167.37×127.36×
EV / EBITDA-1.73×-1.72×-1.92×3.11×12.08×-9.83×-7.37×-11.4×
Gross margin82.9%79.2%74.2%90.0%93.5%0.0%0.0%0.0%
Operating margin-682.7%-705.4%-767.0%51.6%38.4%-387.8%-2144.3%-1112.6%
Net margin-638.9%-703.4%-713.7%31.9%48.3%-391.1%-2159.0%-1086.3%
Current ratio5.54×8.71×9.05×4.93×4.58×7.8×6.81×2.95×
Debt / equity0.24×0.09×0.08×0.06×0.1×0.1×0×-0.06×
Interest coverage0×0×0×0×0×0×0×0×
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 equity-57.2%-45.4%-38.7%24.8%36.9%-41.7%-41.2%64.7%
Return on invested capital-50.9%-40.6%-36.8%24.8%25.0%-36.0%-38.3%-77.9%
Return on assets-43.7%-37.3%-32.1%18.4%27.0%-32.5%-34.1%-60.5%
Free cash flow yield-47.5%-45.4%-59.3%47.5%-1.3%-6.2%-10.2%-7.5%
Earnings yield-52.4%-52.2%-45.6%15.4%9.7%-9.4%-12.9%-8.5%
Enterprise value$788.1M$875M$1.2B$2.6B$5.2B$2.8B$1.2B$1.3B
Net debt / EBITDA0.1×0.25×0.18×-0.85×-0.49×1.28×0.65×0.32×
Cash conversion cycle (days)-286-120-104-14224000