Amesite Inc. (NASDAQ: AMST)

Sector: Technology Industry: Software - Application CIK: 0001807166
Market Cap 8.38 Mn
P/B 5.55
P/E -2.83
P/S 29.01
ROIC (Qtr) -160.62
Div Yield % 0.00
Rev 1y % (Qtr) 746.79
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Amesite Inc., known by its ticker symbol AMST, operates in the high-tech artificial intelligence software industry. The company specializes in providing a cloud-based platform and content creation services for business and university-delivered education and upskilling. With a mission to enhance the way the world learns, Amesite has developed a unique technology that utilizes artificial intelligence to create tailored learning environments for learners and manageable interfaces for instructors. Amesite's primary business activities involve providing...

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Investment thesis

Bull case

  • Tangible assets of 1.46M provide exceptional 90.45x coverage of deferred revenue 16125, showing strong service capability backing.
  • Operating cash flow of (2.15M) fully covers other non-current liabilities (16125) by 133.54x, showing strong long-term stability.
  • R&D investment of 607370 represents healthy 37.67x of deferred revenue 16125, indicating strong future innovation pipeline.
  • Cash reserves of 1.17M provide robust 2.38x coverage of current liabilities 489790, indicating strong short-term solvency.
  • Strong cash position of 1.17M provides 2.51x coverage of other current liabilities 464898, indicating excellent liquidity.

Bear case

  • Investment activities of (296901) provide weak support for R&D spending of 607370, which is -0.49x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (2.15M) provides insufficient coverage of deferred revenue obligations of 16125, which is -133.54x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (2.15M) shows concerning coverage of stock compensation expenses of 264122, with a -8.15 ratio indicating potential earnings quality issues.
  • Free cash flow of (2.45M) provides weak coverage of capital expenditures of 296901, with a -8.25 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (2.96M) show weak coverage of depreciation charges of 330773, with a -8.96 ratio indicating high capital intensity and potential reinvestment needs.

Peer comparison

Companies in the Software - Application
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SAP Sap Se 235.43 Bn 27.31 5.44 9.50 Bn
2 SHOP Shopify Inc. 147.12 Bn 119.52 12.73 0.19 Bn
3 UBER Uber Technologies, Inc 147.10 Bn 14.63 2.83 12.08 Bn
4 CRM Salesforce, Inc. 122.20 Bn 594.48 15.45 11.14 Bn
5 INTU Intuit Inc. 113.93 Bn 178.01 32.63 6.78 Bn
6 ADBE Adobe Inc. 111.00 Bn 15.57 4.67 6.65 Bn
7 NOW ServiceNow, Inc. 109.54 Bn 62.67 8.25 2.40 Bn
8 ADP Automatic Data Processing Inc 86.44 Bn 20.41 4.07 4.37 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 3.28 2.08
EV to Cash from Ops. EV/CFO -3.04 11.38
EV to Debt EV to Debt 0.00 47.67
EV to EBIT EV/EBIT -2.21 6.78
EV to EBITDA EV/EBITDA -2.50 7.15
EV to Free Cash Flow [EV/FCF] EV/FCF -2.67 14.44
EV to Market Cap EV to Market Cap 0.78 -8.88
EV to Revenue EV/Rev 22.67 4.04
Price to Book Value [P/B] P/B 5.55 3.65
Price to Earnings [P/E] P/E -2.83 -117.75
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -4.05
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 4.38
Dividend per Basic Share Div per Share (Qtr) 0.00 0.15
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.48
Interest Coverage Int. cover (Qtr) 0.00 -43.57
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 36.71 -222.46
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 88.05 281.53
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.78
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 36.11 -327.55
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 38.44 30.09
EBIT Growth (1y) % EBIT 1y % (Qtr) 36.11 -213.00
EBT Growth (1y) % EBT 1y % (Qtr) 36.11 -86.84
EPS Growth (1y) % EPS 1y % (Qtr) 63.64 108.58
FCF Growth (1y) % FCF 1y % (Qtr) 19.50 6.29
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 235.36 94.58
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.14 0.58
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 2.38 3.78
Current Ratio Curr Ratio (Qtr) 2.72 8.27
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.14
Interest Cover Ratio Int Coverage (Qtr) 0.00 -43.57
Times Interest Earned Times Interest Earned (Qtr) 0.00 -43.57
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -911.20 -105.03
EBIT Margin % EBIT Margin % (Qtr) -1,025.72 -130.16
EBT Margin % EBT Margin % (Qtr) -1,025.72 -121.17
Gross Margin % Gross Margin % (Qtr) 100.00 58.37
Net Profit Margin % Net Margin % (Qtr) -1,025.70 -126.13