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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
+438.5%
$72.10
vs $13.39 price
Levered DCF
-$31.35
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
0.73
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/E0.28×-0.29×-5.99×-1.08×16.8×21.98×21.13×12.94×
P/B0.92×-0.09×-0.88×-0.4×-2.46×-3.02×-3.69×-3.58×
P/S0.41×0.13×0.75×0.26×0.93×1.2×1.79×1.91×
EV / EBITDA0.49×-7.72×27.45×-6.62×11.65×11.65×12.33×10.17×
Gross margin71.8%67.8%59.5%59.8%60.0%56.4%55.7%57.2%
Operating margin6.5%10.0%2.9%-27.3%16.2%15.7%20.4%25.7%
Net margin148.6%-44.0%-12.6%-24.7%5.5%5.4%8.5%14.8%
Current ratio1.69×0.59×0.87×1.43×1.18×0.88×0.75×1.07×
Debt / equity1.47×-1.33×-1.96×-2.2×-3.32×-2.95×-2.54×-2.16×
Interest coverage0.73×0.72×0.27×-3.5×2.24×1.75×2.13×2.73×
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 equity332.0%31.0%14.7%37.5%-14.7%-13.7%-17.4%-27.7%
Return on invested capital5.5%20.5%3.3%-23.4%14.1%14.1%18.5%29.3%
Return on assets111.5%-62.8%-11.4%-25.0%4.7%5.1%8.0%15.8%
Free cash flow yield-15.9%-32.6%-4.4%14.1%10.6%5.2%5.3%8.6%
Earnings yield361.7%-339.4%-16.7%-94.6%6.0%4.5%4.7%7.7%
Enterprise value$600.3M$1.5B$2.1B$1.6B$2.5B$3.1B$4.1B$4.4B
Net debt / EBITDA0.25×-7.21×18.47×-5.5×6.38×5.44×4.69×3.49×
Cash conversion cycle (days)-8-19-1310151976