AleAnna, Inc. (NASDAQ: ANNA)

Sector: Energy Industry: Oil & Gas E&P CIK: 0001845123
Market Cap 3.98 Mn
P/B 0.11
P/E -0.54
P/S 0.24
ROIC (Qtr) -17.06
Div Yield % 0.00
Rev 1y % (Qtr) 1,631.36
Total Debt (Qtr) 1.83 Mn
Debt/Equity (Qtr) 0.05
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About

Swiftmerge Acquisition Corp., also known as IVCP, operates in the consumer industry as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company's primary objective is to invest in innovative consumer companies that can benefit from its management team's world-class operating experience and over 30 years of combined experience in private equity investing. Swiftmerge Acquisition Corp. generates revenue through the...

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Investment thesis

Bull case

  • Healthy cash reserves of 32.37M provide 165.18x coverage of short-term debt 195973, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 100.06M provides 54.66x coverage of total debt 1.83M, indicating robust asset backing and low credit risk.
  • Cash position of 32.37M provides exceptional 36.80x coverage of minority interest expenses 879757, indicating strong liquidity.
  • Robust tangible asset base of 100.06M provides 5.48x coverage of working capital 18.27M, indicating strong operational backing.
  • Tangible assets of 100.06M provide robust 9.29x coverage of other current liabilities 10.77M, indicating strong asset backing.

Bear case

  • Operating cash flow of (3.57M) barely covers its investment activities of (8.77M), with a coverage ratio of 0.41, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Free cash flow of (12.34M) provides weak coverage of capital expenditures of 8.77M, with a -1.41 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (3.57M) provides minimal -5.93x coverage of tax expenses of 600987, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Operating earnings of (8.71M) show weak coverage of depreciation charges of 1.01M, with a -8.65 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (3.57M) barely covers operating expenses of 9.19M with a -0.39 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Oil & Gas E&P
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 COP Conocophillips 136.62 Bn 17.10 2.22 23.44 Bn
2 CNQ Canadian Natural Resources Ltd 85.21 Bn 17.67 3.04 12.51 Bn
3 EOG Eog Resources Inc 66.33 Bn -60.48 8.67 8.13 Bn
4 FANG Diamondback Energy, Inc. 49.64 Bn -2,818.83 314.47 16.24 Bn
5 OXY Occidental Petroleum Corp /De/ 37.18 Bn 15.36 2.56 22.88 Bn
6 WDS Woodside Energy Group Ltd 34.64 Bn 11.73 2.51 -
7 TPL Texas Pacific Land Corp 29.74 Bn 126.16 78.66 0.02 Bn
8 DVN Devon Energy Corp/De 18.80 Bn 3.24 1.91 8.55 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets -0.18 1.02
EV to Cash from Ops. EV/CFO 5.08 18.21
EV to Debt EV to Debt -9.90 54.57
EV to EBIT EV/EBIT 2.08 29.98
EV to EBITDA EV/EBITDA 3.00 19.64
EV to Free Cash Flow [EV/FCF] EV/FCF 1.47 39.33
EV to Market Cap EV to Market Cap -4.55 1.57
EV to Revenue EV/Rev -1.09 11.47
Price to Book Value [P/B] P/B 0.11 2.97
Price to Earnings [P/E] P/E -0.54 -25.98
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 26.80
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 31.86
Dividend per Basic Share Div per Share (Qtr) 0.00 0.78
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 1.05
Interest Coverage Int. cover (Qtr) 4.47 -4.97
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 55.13 -533.65
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -25.36 52.06
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.45
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -73.16 6.14
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 15.71 105.89
EBIT Growth (1y) % EBIT 1y % (Qtr) -59.04 75.94
EBT Growth (1y) % EBT 1y % (Qtr) -21.22 17.44
EPS Growth (1y) % EPS 1y % (Qtr) 19.59 3.07
FCF Growth (1y) % FCF 1y % (Qtr) 55.78 -43.36
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 10,037.90 149.32
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.17 0.33
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.07
Cash Ratio Cash Ratio (Qtr) 1.77 1.32
Current Ratio Curr Ratio (Qtr) 2.00 2.37
Debt to Equity Ratio Debt/Equity (Qtr) 0.05 0.34
Interest Cover Ratio Int Coverage (Qtr) 4.47 -4.97
Times Interest Earned Times Interest Earned (Qtr) 4.47 -4.97
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -46.20 16.19
EBIT Margin % EBIT Margin % (Qtr) -52.26 -16.83
EBT Margin % EBT Margin % (Qtr) -40.58 -24.06
Gross Margin % Gross Margin % (Qtr) 66.70 58.92
Net Profit Margin % Net Margin % (Qtr) -44.20 -28.75