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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
-772.0%
-$144.32
vs $21.48 price
Levered DCF
-$185.07
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-0.09
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E402.18×-0.65×-1.07×-2.78×-4.41×-1.58×-4.14×-2.47×
P/B1.86×-2.33×1.05×0.57×0.36×0.39×0.38×0.38×
P/S2.6×1.38×1.15×1.21×1.55×1.58×1.69×0.71×
EV / EBITDA8.96×-6.77×-41.68×-46.73×-13.95×-7.53×-12.32×5.32×
Gross margin-34.9%-16.1%9.6%32.0%36.4%28.6%30.6%34.8%
Operating margin-82.6%-175.4%-52.8%-41.1%-35.5%-40.4%-40.7%1.4%
Net margin0.7%-212.4%-107.1%-43.5%-35.1%-99.7%-40.7%-28.6%
Current ratio6.86×0.36×4.51×5.74×4.54×3.29×5.47×5.27×
Debt / equity1.93×-14.64×7×2.58×0.42×0.41×0.39×0.23×
Interest coverage-3.65×-4.22×-1.73×-7.32×-8.09×-4.67×-5.5×1.29×
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
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity0.5%359.9%-98.0%-20.3%-8.2%-24.8%-9.2%-15.2%
Return on invested capital-9.3%-21.0%-5.8%-5.2%-5.8%-7.1%-6.3%0.6%
Return on assets0.1%-23.5%-10.8%-5.0%-5.1%-15.2%-5.9%-11.0%
Free cash flow yield-22.0%-190.6%-323.9%-119.5%-89.8%-83.9%-32.5%7.8%
Earnings yield0.3%-154.3%-93.1%-35.9%-22.7%-63.2%-24.1%-40.4%
Enterprise value$2.9B$7.1B$6.1B$3.3B$1.5B$1.3B$1.2B$733.1M
Net debt / EBITDA3.71×-5.78×-35.29×-33.91×-5.53×-2.76×-3.9×-0.23×
Cash conversion cycle (days)1926013353003621909994