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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
-126.3%
-$6.66
vs $25.30 price
Levered DCF
-$10.27
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.02
Grey zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-9.37×-4.82×-4.1×-7.47×-2.97×-0.53×-0.35×-2.74×
P/B3.65×1.94×2.21×2.37×1.26×0.49×0.95×1.75×
P/S37.25×4,309.19×3,104.38×528.93×79.53×55.73×3.37×10.7×
EV / EBITDA-7.35×-4.59×-3.79×-6.09×-2.45×-0.32×0.04×-2.14×
Gross margin100.0%100.0%100.0%100.0%100.0%-2595.6%100.0%-262.8%
Operating margin-512.9%-99018.2%-81035.0%-7579.2%-2690.8%-10512.4%-941.0%-394.5%
Net margin-483.6%-89387.1%-75711.5%-7329.2%-2680.2%-10544.3%-938.6%-390.0%
Current ratio12.65×15.43×18.26×12.73×14.68×12.14×2.92×9.71×
Debt / equity0.07×0.03×0.05×0.01×0.01×0×0.53×0.2×
Interest coverage-73.44×-98.17×-137.76×-276.35×-26,576×-217.28×-50.27×-37.9×
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-47.4%-40.2%-53.8%-32.9%-42.3%-92.2%-265.8%-63.7%
Return on invested capital-43.8%-43.0%-54.8%-33.4%-41.8%-91.2%-174.5%-53.6%
Return on assets-38.1%-36.4%-48.5%-29.8%-39.0%-84.4%-138.4%-49.4%
Free cash flow yield-10.5%-17.9%-19.0%-10.1%-23.3%-51.0%-240.3%-30.4%
Earnings yield-13.0%-20.7%-24.4%-13.9%-33.7%-189.2%-278.4%-36.5%
Enterprise value$2.5B$1.2B$893M$786.9M$194.4M$13.1M-$1.5M$67.4M
Net debt / EBITDA0.48×0.29×0.35×1.16×0.52×1.13×0.41×0.71×
Cash conversion cycle (days)001192156-99-6