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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
-66.1%
$1.19
vs $3.52 price
Levered DCF
$0.46
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-0.46
Distress 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-14.05×-17.67×-9.35×-3.41×-1.33×-2.06×-1.51×-8.31×
P/B5.45×8.16×13.52×-12.24×5.01×3.41×3.79×16.6×
P/S67.1×15.79×4.73×151.27×3.97×15.38×16.99×84.5×
EV / EBITDA-11.67×-16.23×-7.5×-3.32×-0.37×-1.07×-0.79×-6.84×
Gross margin79.3%100.0%100.0%100.0%100.0%-552.2%-997.6%-832.6%
Operating margin-504.1%-101.9%-60.0%-4459.3%-310.1%-763.9%-1303.4%-1106.7%
Net margin-478.3%-89.6%-50.8%-4434.7%-298.4%-746.7%-1211.5%-1017.4%
Current ratio6.47×2.89×1.26×1.38×2.53×1.9×1.57×1.56×
Debt / equity0.03×0.12×0.81×-0.83×0.92×0.32×0.45×0.14×
Interest coverage0×0×0×0×0×-9,586.06×0×-7,251.05×
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-38.8%-46.3%-145.1%358.9%-376.2%-165.4%-270.4%-199.9%
Return on invested capital-39.0%-44.4%-70.6%-202.5%-85.8%-94.2%-123.0%-94.8%
Return on assets-32.0%-27.5%-20.9%-110.5%-59.1%-53.7%-68.1%-49.6%
Free cash flow yield-6.5%-8.9%-3.8%-23.4%-55.0%-38.0%-70.7%-2.7%
Earnings yield-7.1%-5.7%-10.7%-29.3%-75.1%-48.6%-71.3%-12.0%
Enterprise value$2.3B$1.4B$367.6M$501.1M$42.1M$153.5M$157M$1.1B
Net debt / EBITDA2.99×3.13×3.43×0.34×1.07×1.08×0.58×1.07×
Cash conversion cycle (days)-63656800507438218