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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
-122.2%
-$6.58
vs $29.66 price
Levered DCF
-$8.10
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
4.41
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-12.35×-6.42×-10.21×-28×28.25×-39.31×71.65×-27.6×
P/B1.79×2.21×1.92×2.14×3.19×4.36×3.28×3.73×
P/S9.05×13.53×7.36×9.44×8.51×20.34×12.41×47.87×
EV / EBITDA-27.04×-9.05×-12.89×-34.12×24.77×-33.02×105.1×-25.27×
Gross margin91.6%-106.1%100.0%-21.3%30.0%-38.4%24.3%-140.1%
Operating margin-141.4%-161.5%-75.8%-50.1%15.9%-62.6%8.8%-195.5%
Net margin-73.2%-210.5%-76.2%-33.5%30.0%-56.5%17.2%-173.4%
Current ratio6.25×6.61×7.36×10.58×6×5.27×8.39×5.86×
Debt / equity0.3×0.34×0.12×0.08×0.05×0.02×0.02×0×
Interest coverage-5.56×-4.87×0×0×3,366.69×0×0×-4,960.63×
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-14.5%-34.3%-19.9%-7.6%11.3%-12.1%4.5%-13.5%
Return on invested capital-21.5%-19.5%-15.1%-10.5%5.7%-13.1%2.3%-15.2%
Return on assets-10.5%-24.4%-14.0%-6.5%9.9%-9.9%4.0%-12.2%
Free cash flow yield-12.2%-13.9%-7.5%-1.2%-1.4%-0.8%2.7%-4.6%
Earnings yield-8.1%-15.6%-10.4%-3.6%3.5%-2.8%1.4%-3.6%
Enterprise value$1.3B$1.7B$1.3B$1.6B$2.2B$2.3B$1.9B$1.9B
Net debt / EBITDA-2.85×-1.03×-0.29×-0.12×-1.21×2.14×-2.18×0.35×
Cash conversion cycle (days)-291174244662522677