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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
-12538.8%
-$344.69
vs $2.77 price
Levered DCF
-$285.49
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-4.32
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-0.29×-13.43×-48.71×-175.97×-177.4×-2,909.6×-4,881.52×
P/B-0.91×28.24×39.67×64.58×302.93×2,711.01×3,150.71×
P/S0.21×11.16×41.2×76.14×552.59×1,685.42×3,688.88×
EV / EBITDA-3.61×-29.39×-77.22×-92.25×-875.67×-3,720.51×-6,424.67×
Gross margin-20.8%32.8%32.6%40.3%37.9%46.3%54.2%
Operating margin-68.7%-81.6%-74.4%-96.3%-74.8%-55.8%-66.9%
Net margin-71.1%-90.9%-78.0%-43.6%-312.6%-57.9%-76.5%
Current ratio0.57×0.9×1.35×1.43×1.48×1.75×1.17×
Debt / equity-6.24×3.62×1.64×0.95×0.54×4.3×1.68×
Interest coverage-5.56×-5.64×-6.51×-21.46×-8.2×-10.87×-17.72×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity312.8%-230.0%-75.1%-36.9%-171.4%-93.2%-65.3%
Return on invested capital-52.7%-42.7%-25.1%-38.2%-25.7%-14.2%-21.2%
Return on assets-41.4%-42.2%-23.3%-14.8%-65.6%-13.9%-18.9%
Free cash flow yield-0.1%-4.6%-1.6%-1.7%-0.2%-0.1%-0.0%
Earnings yield-344.8%-8.1%-1.9%-0.6%-0.6%-0.0%-0.0%
Enterprise value$222.1M$2B$6.1B$11B$39.7B$33.2B$33.2B
Net debt / EBITDA-3.14×-3.09×-1.84×-0.65×0.95×-3.4×-2.03×
Cash conversion cycle (days)95222341313100176-76