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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
-998.5%
-$93.18
vs $10.37 price
Levered DCF
-$92.15
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
1.38
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E-1.5×-63.48×0×-8.32×-15.87×
P/B0.69×-10.59×0×0×0×
P/S5.34×95.07×0×9.69×13.2×
EV / EBITDA-0.87×-68.91×-1.31×-10.12×-16.59×
Gross margin-47.9%-54.9%-63.8%-40.6%-39.7%
Operating margin-156.1%-147.1%-112.7%-98.1%-79.0%
Net margin-357.3%-150.0%-189.7%-116.5%-83.2%
Current ratio14.53×8.68×0.44×1.55×1.14×
Debt / equity0.03×-0.04×-0.96×0×0×
Interest coverage-358.52×-7.63×-16.99×-8.71×-24.76×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity-46.3%16.7%116.1%0.0%0.0%
Return on invested capital-14.7%-23.1%-64500.9%-122.7%-116.5%
Return on assets-32.2%-21.7%-306.0%-96.5%-73.1%
Free cash flow yield-45.8%-1.3%0.0%-9.5%-7.6%
Earnings yield-66.9%-1.6%0.0%-12.0%-6.3%
Enterprise value$147.3M$7.5B$176.5M$1.1B$1B
Net debt / EBITDA2.58×4.44×-1.31×-0.9×-0.08×
Cash conversion cycle (days)257186113132212