Amber International Holding Ltd (NASDAQ: AMBR)

Sector: Technology Industry: Software - Infrastructure CIK: 0001697818
Market Cap 19.83 Mn
P/B 0.16
P/E -1.24
P/S 0.36
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 1,934.58
Total Debt (Qtr) 2,000.00
Debt/Equity (Qtr) 0.00

About

iClick Interactive Asia Group Ltd (ICLK) is a leading enterprise and marketing cloud platform based in China. The company specializes in providing a wide range of end-to-end solutions, including marketing solutions and enterprise solutions, aimed at helping clients achieve their marketing objectives. iClick's marketing solutions cater to clients from various industries such as personal care and beauty, banking and finance, fashion, travel and hospitality, and food and beverage. These solutions enable clients to identify, engage, and activate potential...

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Price action

Investment thesis

Bull case

  • Healthy cash reserves of 39.92M provide 19961.50x coverage of short-term debt 2000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 256.79M provides 128393.50x coverage of total debt 2000, indicating robust asset backing and low credit risk.
  • Robust tangible asset base of 256.79M provides 4.87x coverage of working capital 52.74M, indicating strong operational backing.
  • Cash reserves of 39.92M provide solid 41.37x coverage of other non-current liabilities 965000, indicating strong liquidity.
  • Cash position of 39.92M represents healthy 0.76x of working capital 52.74M, demonstrating strong operational liquidity.

Bear case

  • Cash reserves of 39.92M provide minimal coverage of other current liabilities of 167.09M, which is 0.24x, indicating elevated short-term liquidity risk.
  • Intangible assets of 68.97M represent a concerning 0.55x of shareholder equity 125.16M, indicating high exposure to potential impairment risks.
  • Current liabilities of 200.74M significantly exceed receivables of 41.38M, which is 4.85x, indicating potential working capital stress.
  • Other current liabilities of 167.09M represent a high 4.04x of receivables 41.38M, suggesting potential short-term liquidity pressure.
  • Other current liabilities of 167.09M exceed cash reserves of 39.92M by 4.19x, suggesting potential near-term liquidity pressure.

Peer comparison

Companies in the Software - Infrastructure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 MSFT Microsoft Corp 3,563.59 Bn 33.97 12.13 60.56 Bn
2 ORCL Oracle Corp 561.87 Bn 36.43 9.21 124.39 Bn
3 PLTR Palantir Technologies Inc. 413.65 Bn 377.64 106.17 0.24 Bn
4 PANW Palo Alto Networks Inc 126.45 Bn 113.19 13.23 0.35 Bn
5 CRWD CrowdStrike Holdings, Inc. 116.42 Bn -370.56 25.50 0.82 Bn
6 SNPS Synopsys Inc 86.06 Bn 64.60 12.20 14.29 Bn
7 NET Cloudflare, Inc. 62.78 Bn -609.27 31.18 3.50 Bn
8 FTNT Fortinet, Inc. 60.83 Bn 32.47 9.28 1.00 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets -0.04 2.69
EV to Cash from Ops. EV/CFO 0.62 28.91
EV to Debt EV to Debt -6,737.57 19.83
EV to EBIT EV/EBIT 0.86 -9.95
EV to EBITDA EV/EBITDA 0.78 6.82
EV to Free Cash Flow [EV/FCF] EV/FCF 0.62 26.09
EV to Market Cap EV to Market Cap -0.68 0.36
EV to Revenue EV/Rev -0.25 -9.34
Price to Book Value [P/B] P/B 0.16 3.88
Price to Earnings [P/E] P/E -1.24 -10.66
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -0.30
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 2.71
Dividend per Basic Share Div per Share (Qtr) 0.00 0.10
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 1.68
Interest Coverage Int. cover (Qtr) 0.00 -14.20
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -408.01
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 226.39
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.28
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 25.27
EBITDA Growth (1y) % EBITDA Growth (1y) % 0.00 47.48
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 20.13
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 14.16
EPS Growth (1y) % EPS Growth (1y) % 0.00 67.50
FCF Growth (1y) % FCF Growth (1y) % 0.00 296.60
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 46.75
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.67
Cash Payout Ratio Cash Payout Ratio 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 0.20 1.22
Current Ratio Curr Ratio (Qtr) 1.26 2.59
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -0.96
Interest Cover Ratio Int Coverage (Qtr) 0.00 -14.20
Times Interest Earned Times Interest Earned (Qtr) 0.00 -14.20
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -548.16
EBIT Margin % EBIT Margin % (Qtr) 0.00 -199.84
EBT Margin % EBT Margin % (Qtr) 0.00 -607.20
Gross Margin % Gross Margin % (Qtr) 0.00 51.88
Net Profit Margin % Net Margin % (Qtr) 0.00 -610.00