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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
-7734.7%
-$206.14
vs $2.70 price
Levered DCF
-$232.06
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
-5.76
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.67×-0.48×-0.61×-1×14.21×-43.53×-71.58×-59.46×
P/B0.73×0.72×1.02×0.65×1.92×-26.67×-33.55×-39.88×
P/S0.37×0.43×1.04×2.01×66.37×274.64×308.08×762.72×
EV / EBITDA-1.16×-1.26×-1.05×-1.54×13.3×-63.38×-87.31×-69.14×
Gross margin5.9%7.1%-2.9%-82.6%-46.8%11.4%29.7%70.1%
Operating margin-71.9%-82.0%-145.9%-306.1%-1053.0%-449.5%-381.3%-1167.9%
Net margin-55.1%-89.6%-170.3%-201.6%463.6%-631.1%-430.1%-1281.8%
Current ratio2.11×1.76×3.66×3.57×10.38×0.39×0.3×0.87×
Debt / equity0.94×1.28×0.68×0.56×0.01×-0.69×-0.73×-1.06×
Interest coverage0×-214.36×-7.14×-24.55×0×-3.61×0×0×
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-108.7%-149.2%-167.8%-65.4%13.4%61.3%46.8%67.0%
Return on invested capital-71.5%-59.3%-82.1%-62.9%-24.9%1863.7%201.3%-454.2%
Return on assets-41.9%-51.0%-81.0%-38.6%10.2%-121.0%-179.0%-190.4%
Free cash flow yield31.7%-202.1%-88.1%-194.2%-28.0%-1.8%-0.7%-1.6%
Earnings yield-149.5%-206.4%-164.2%-100.2%7.0%-2.3%-1.4%-1.7%
Enterprise value$24.9M$56.3M$65.1M$100.5M$321M$733.7M$361M$240.3M
Net debt / EBITDA-0.37×-0.72×-0.31×-0.42×-0.58×-0.72×-1.85×-1.55×
Cash conversion cycle (days)2423854103861,26516598-1,595