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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
-260.8%
-$50.64
vs $31.48 price
Levered DCF
$16.44
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
9.03
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-145.36×-47.34×-7.35×-4.06×-4.3×-5.42×-7.53×
P/B5.63×4.94×7.66×8.87×11.87×-3.4×-9.02×
P/S3.47×3.33×1.9×1.92×2.34×0.79×0.95×
EV / EBITDA124.44×-302.38×-12.74×-5.96×-6.44×114.45×37.73×
Gross margin60.6%54.7%55.3%54.8%51.9%48.7%52.7%
Operating margin0.4%-5.9%-22.6%-43.8%-53.6%-0.2%-3.3%
Net margin-2.4%-6.9%-25.7%-47.3%-54.4%-14.5%-12.6%
Current ratio1.6×3.09×1.76×1.84×1.85×1.36×1.37×
Debt / equity0.24×0.29×1.02×1.44×2.03×-2.23×-5.7×
Interest coverage14.48×-8.35×-15.05×-35.42×-34.94×-0.04×-0.66×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-3.9%-10.3%-103.9%-218.1%-275.8%62.6%119.7%
Return on invested capital0.5%-6.0%-42.4%-73.2%-82.7%-0.3%-4.9%
Return on assets-2.1%-6.2%-33.2%-58.2%-62.1%-18.4%-12.0%
Free cash flow yield4.1%2.8%3.9%3.5%1.6%3.6%2.7%
Earnings yield-0.7%-2.1%-13.6%-24.6%-23.2%-18.4%-13.3%
Enterprise value$4.9B$3.5B$1.6B$1.3B$1.3B$459.5M$466.8M
Net debt / EBITDA-3.12×14.52×-0.42×-0.28×-0.4×34.61×11.77×
Cash conversion cycle (days)6250142031-030