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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
-80.6%
$1.80
vs $9.26 price
Levered DCF
$2.69
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.24
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023
P/E-20.26×448.07×-500.62×
P/B1.03×3.61×12.36×
P/S6.3×12.88×0×
EV / EBITDA-175.29×32.8×-505.74×
Gross margin62.1%22.9%0.0%
Operating margin-33.9%5.5%0.0%
Net margin-31.2%2.9%0.0%
Current ratio2.03×1.02×0.67×
Debt / equity0.05×0.08×0.13×
Interest coverage0×0×0×
Dividend yield0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023
Return on equity-5.1%0.8%-2.5%
Return on invested capital-4.4%0.8%-2.2%
Return on assets-3.8%0.6%-1.6%
Free cash flow yield-44.6%-9.8%-0.1%
Earnings yield-4.9%0.2%-0.2%
Enterprise value$408M$615.2M$619.1M
Net debt / EBITDA39.12×0.09×-4.55×
Cash conversion cycle (days)0810