Evidence and analysis
Research evidence pack
Source-backed valuation visuals
2. Company Fundamentals
2.1 Competitiveness
| Metric | Value |
|---|---|
| Operating Margins | 8.91% |
| Profit Margins | -97.56% |
| Return on Equity | -112.28% |
| Return on Assets | 0.4% |
| Free Float | 0.14B |
| Short Int % Utilisation | 36.49% |
2.2 Growth
| Metric | Value |
|---|---|
| Revenue Growth | -5.2% |
| Free Cash Flow | -0.46B |
| EBITDA | 38.53 (Ratio) |
| Enterprise Value | 61.17B |
| EV/Revenue | 4.13 |
| EV/EBITDA | 38.53 |
Revenue growth of -5.2% suggests mature or challenged top-line momentum.
2.3 Management
| Role | Metric |
|---|---|
| Consensus Rating | N/A |
2.4 Return
| Metric | Value |
|---|---|
| Expected Return (Ann.) | 50.98% |
| Risk / Std Dev (Ann.) | 69.17% |
| Sharpe Ratio (rf=4.5%) | 0.67 |
| Beta | 0.96 |
DuPont Model Analysis
The DuPont model decomposes return on equity (ROE) into three operating and capital-structure drivers:
ROE = Net Margin × Asset Turnover × Equity Multiplier
The comparison uses the latest two comparable annual periods available for the issuer, with reported statement amounts shown in US$. Revenue and net income are income-statement flows; total assets and shareholders’ equity are year-end balance-sheet figures. This is a simplified year-end-balance DuPont comparison rather than an average-balance ROE calculation.
| DuPont component | Calculation | FY2025 | FY2024 |
|---|---|---|---|
| Revenue | Reported revenue | $15.00B | $15.83B |
| Net income | Reported net income | $-14.50B | $-119.55M |
| Total assets | Year-end reported balance | $43.02B | $60.94B |
| Shareholders’ equity | Year-end reported balance | $5.77B | $20.19B |
| Net margin | Net income ÷ revenue | -96.62% | -0.76% |
| Asset turnover | Revenue ÷ total assets | 0.3488x | 0.2597x |
| Equity multiplier | Total assets ÷ shareholders’ equity | 7.4606x | 3.0181x |
| ROE | Net margin × asset turnover × equity multiplier | -251.43% | -0.59% |
Source: Yahoo Finance annual statements. Values are based on the two latest comparable annual periods returned by the source; fiscal period labels use the statement period-end year.
2.5 FCFF DCF Valuation
FCFF DCF exception: Reported operating inputs do not support a stable FCFF DCF. This post deliberately does not publish a mechanical enterprise value or implied per-share value on an unsuitable basis.
| Available valuation input | Value |
|---|---|
| Last market price | $103.92 |
| Market capitalisation | $30.12B |
| Revenue | $15.00B |
| EBIT | -$17.37B |
| Reported free cash flow | -$1.74B |
| FCF yield | -5.78% |
| Net debt / EBITDA | -1.72x |
2.6 Investor-Style Research Screen
| Educational screen | Result |
|---|---|
| Buffett-inspired cash-quality checks | not rated — FCFF DCF suitability or data-integrity condition not met |
| Lynch-inspired balance-and-growth checks | not rated — FCFF DCF suitability or data-integrity condition not met |
Data lineage: Yahoo Finance public market and reported-statement data; retrieval timestamp: 2026-08-18 17:48:12.529756 UTC; latest reported fiscal period: 2025-12-31 00:00:00. Financial institutions and REITs require sector-specific methods rather than a mechanical FCFF DCF. This is research and analysis only, not personalized financial advice.
2.7 Quantitative Factor Diagnostics
Factor-model exception: No verified adjusted-close issuer series is available for factor regression. No Fama–French loading or alpha estimate is published on an incomplete basis.