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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 1 positive fiscal year (FY2023). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $0.00 today, the market must believe free cash flow compounds 13.4%/yr for a decade (off $79.0M on the 3-yr avg basis).
On the basis ($59.5M) the requirement is 17.2%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.04B shares (market data) · net debt $2.40B
mean -41.1% · volatility σ 92% · implied rate exceeded in 1/7 yrs
Central path = implied 13.4%/yr growth; shaded band = ±1σ (92%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $1.2M dividends + $0 buybacks = $1.2M returned on -$153.4M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -38%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $146.7M is below short-term debt of $212.9M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B 100.0% | $3.51B 100.0% | $3.68B 100.0% | $4.97B 100.0% | $4.83B 100.0% | $2.74B 100.0% | $3.37B 100.0% | $4.62B 100.0% | $4.45B 100.0% | $3.72B 100.0% |
| Cost of Revenue | $2.81B 94.4% | $3.25B 92.4% | $3.53B 96.1% | $4.69B 94.5% | $4.13B 85.5% | $2.42B 88.3% | $3.07B 91.1% | $4.09B 88.6% | $3.81B 85.6% | $3.12B 84.1% |
| Gross Profit | $165.9M 5.6% | $265.6M 7.6% | $142.3M 3.9% | $272.3M 5.5% | $698.9M 14.5% | $321.1M 11.7% | $300.4M 8.9% | $528.8M 11.4% | $640.3M 14.4% | $592.2M 15.9% |
| Selling, General & Admin | $417.0M 14.0% | $327.0M 9.3% | $310.3M 8.4% | $398.8M 8.0% | $323.4M 6.7% | $227.5M 8.3% | $276.9M 8.2% | $257.0M 5.6% | $239.0M 5.4% | $238.7M 6.4% |
| Operating Income | -$254.2M -8.5% | -$46.0M -1.3% | -$455.4M -12.4% | -$363.9M -7.3% | $461.4M 9.6% | $149.6M 5.5% | $142.5M 4.2% | $414.4M 9.0% | $525.0M 11.8% | $498.2M 13.4% |
| Other Income (Expense), net | $25.2M 0.8% | -$3.9M -0.1% | $17.2M 0.5% | $6.4M 0.1% | -$9.0M -0.2% | -$7.9M -0.3% | -$3.4M -0.1% | -$3.7M -0.1% | $21.5M 0.5% | -$17.9M -0.5% |
| Pretax Income | -$503.0M -16.9% | -$318.0M -9.1% | -$632.9M -17.2% | -$469.6M -9.5% | $350.5M 7.3% | $105.4M 3.8% | $99.8M 3.0% | $364.3M 7.9% | $411.1M 9.2% | $405.3M 10.9% |
| Income Tax Expense | $42.6M 1.4% | $30.5M 0.9% | $68.4M 1.9% | -$41.6M -0.8% | $70.9M 1.5% | $42.7M 1.6% | $12.7M 0.4% | $71.8M 1.6% | $82.8M 1.9% | $87.0M 2.3% |
| Net Income | -$545.6M -18.3% | -$348.5M -9.9% | -$701.3M -19.1% | -$430.9M -8.7% | $440.0M 9.1% | $7.9M 0.3% | $92.0M 2.7% | $292.5M 6.3% | $328.3M 7.4% | $318.3M 8.6% |
| Per Share | ||||||||||
| EPS (Basic) | -$15.24 | -$9.86 | -$19.88 | -$11.99 | $11.37 | $0.20 | $2.28 | $6.83 | $7.49 | $6.84 |
| EPS (Diluted) | -$15.24 | -$9.86 | -$19.88 | -$11.99 | $11.12 | $0.20 | $2.26 | $6.70 | $7.30 | $6.70 |
| Weighted Avg Shares (Basic) | 35.8M | 35.3M | 35.3M | 35.9M | 38.7M | 38.3M | 40.3M | 42.8M | 43.8M | 46.5M |
| Weighted Avg Shares (Diluted) | 35.8M | 35.3M | 35.3M | 35.9M | 39.6M | 38.6M | 40.7M | 43.7M | 45.0M | 47.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-30
Where each multiple sits in its own 12-yr range · 90th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 50% against ROIC -38% — 87% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 88.6 | 91.1 | 88.3 | 85.5 | 94.5 | 96.1 | 92.4 | 94.4 |
| Gross Profit | 11.4 | 8.9 | 11.7 | 14.5 | 5.5 | 3.9 | 7.6 | 5.6 |
| SG&A | 5.6 | 8.2 | 8.3 | 6.7 | 8.0 | 8.4 | 9.3 | 14.0 |
| Operating Income | 9.0 | 4.2 | 5.5 | 9.6 | -7.3 | -12.4 | -1.3 | -8.5 |
| Income Tax | 1.6 | 0.4 | 1.6 | 1.5 | -0.8 | 1.9 | 0.9 | 1.4 |
| Net Income | 6.3 | 2.7 | 0.3 | 9.1 | -8.7 | -19.1 | -9.9 | -18.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TSEOQ: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.