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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
-93.5%
$2.44
vs $37.62 price
Levered DCF
$2.34
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
39.15
Safe 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-10.28×-13.02×-16.87×-19.14×-17.65×-18.53×-8.51×-3.54×
P/B6.11×4.04×3.32×3.31×2.48×3.1×3.7×1.19×
P/S473.62×0×0×253.04×73.92×16.52×49.8×0×
EV / EBITDA-9.82×-12.38×-13.98×-18.32×-15.31×-17.51×-8.35×-2.15×
Gross margin66.1%0.0%0.0%100.0%100.0%100.0%100.0%0.0%
Operating margin-4974.3%0.0%0.0%-1368.9%-428.4%-97.3%-627.0%0.0%
Net margin-4612.1%0.0%0.0%-1328.9%-427.8%-89.7%-609.1%0.0%
Current ratio13.42×17.85×23.65×26.44×39.03×12.3×3.34×29.48×
Debt / equity0.01×0.01×0.01×0.01×0.02×0.02×0.18×0.15×
Interest coverage0×0×0×0×0×-64.67×-29.86×-27.27×
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-59.5%-31.0%-19.7%-17.4%-14.3%-16.8%-45.2%-33.4%
Return on invested capital-39.6%-35.9%-22.8%-17.6%-14.1%-17.8%-39.2%-32.1%
Return on assets-35.2%-29.4%-18.9%-16.6%-13.8%-15.2%-28.2%-28.2%
Free cash flow yield-7.9%-6.0%-4.9%-4.2%-5.2%-9.6%-1.7%-28.7%
Earnings yield-9.7%-7.7%-5.9%-5.3%-5.8%-5.4%-12.2%-28.1%
Enterprise value$3.4B$2.9B$2.9B$2.3B$1.2B$489.6M$331.8M$69.8M
Net debt / EBITDA0.56×0.57×0.65×0.37×2.14×1.49×0.21×1.62×
Cash conversion cycle (days)-491-723-1938552143-40