Agriculture & Natural Solutions Acquisition Corp (NASDAQ: ANSC)

Sector: Financial Services Industry: Shell Companies CIK: 0001854149
Market Cap 493.77 Mn
P/B -18.11
P/E 56.15
P/S 0.00
ROIC (Qtr) 29.64
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 838,405.00
Debt/Equity (Qtr) -0.03
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About

Agriculture & Natural Solutions Acquisition Corp, also known as ANSC, operates in the agriculture sector with a focus on decarbonizing traditional agriculture and enhancing natural capital at scale. The company generates revenue through the sale of its Class A ordinary shares and warrants, listed on the Nasdaq Global Market under the symbols ANSC and ANSCW, respectively. Additionally, revenue comes from the sale of its private placement warrants, exercisable 30 days after the completion of its initial business combination. The company's business...

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Investment thesis

Bull case

  • Strong tangible asset base of 378.30M provides 451.21x coverage of total debt 838405, indicating robust asset backing and low credit risk.
  • Tangible assets of 378.30M provide robust 57.06x coverage of other current liabilities 6.63M, indicating strong asset backing.
  • Retained earnings of (27.26M) represent substantial 1x of equity (27.26M), indicating strong internal capital generation.
  • Tangible assets of 378.30M provide robust 24.83x coverage of current liabilities 15.23M, showing strong asset backing.

Bear case

  • Tangible assets of 378.30M provide limited backing for working capital of (15.18M), which is -24.91x, suggesting increased operational risk in market downturns.
  • Cash position of 1 provides weak coverage of payables of 7.76M, which is 0x, indicating potential working capital stress and supplier relationship risks.
  • R&D investment of 0 represents just 0x of SG&A expenses of 7.72M, indicating potential underinvestment in innovation relative to administrative overhead.
  • Other current assets of 48080 provide weak coverage of payables of 7.76M, which is 0.01x, suggesting potential working capital stress in near term.
  • Cash position of 1 provides minimal 0x coverage of SG&A expenses of 7.72M, indicating potential operational inflexibility in market downturns.

Peer comparison

Companies in the Shell Companies
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ANSC Agriculture & Natural Solutions Acquisition Corp 493.77 Mn 56.15 0.00 0.84 Mn
2 CCIX Churchill Capital Corp IX/Cayman 395.47 Mn 46.22 0.00 0.00 Mn
3 ALF Centurion Acquisition Corp. 394.73 Mn 32.55 0.00 0.01 Mn
4 GPAT GP-Act III Acquisition Corp. 389.33 Mn 31.65 0.00 0.40 Mn
5 HYAC Haymaker Acquisition Corp. 4 338.26 Mn 38.17 0.00 1.88 Mn
6 SIMA SIM Acquisition Corp. I 328.57 Mn 35.70 0.00 0.00 Mn
7 AFJK Aimei Health Technology Co., Ltd. 303.65 Mn 216.00 0.00 1.66 Mn
8 GRAF Graf Global Corp. 300.58 Mn 34.68 0.00 0.00 Mn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.31 0.95
EV to Cash from Ops. EV/CFO 0.00 18.30
EV to Debt EV to Debt 589.94 125,153.88
EV to EBIT EV/EBIT 56.25 34.06
EV to EBITDA EV/EBITDA -64.04 -165.45
EV to Free Cash Flow [EV/FCF] EV/FCF 0.00 18.30
EV to Market Cap EV to Market Cap 1.00 0.63
EV to Revenue EV to Revenue 0.00 0.00
Price to Book Value [P/B] P/B -18.11 -20.50
Price to Earnings [P/E] P/E 56.15 -125.27
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.04
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 0.00
Dividend per Basic Share Div per Share (Qtr) 0.00 0.00
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 0.00
Interest Coverage Interest Coverage 0.00 2.94
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 0.00
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 410.95
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 7.56 282.79
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 9.72 -126.98
EBIT Growth (1y) % EBIT 1y % (Qtr) 7.56 304.32
EBT Growth (1y) % EBT 1y % (Qtr) 7.56 303.65
EPS Growth (1y) % EPS 1y % (Qtr) -25.93 956.13
FCF Growth (1y) % FCF Growth (1y) % 0.00 -37.62
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 0.00
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.00
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 0.00 52.04
Current Ratio Curr Ratio (Qtr) 0.00 4.89
Debt to Equity Ratio Debt/Equity (Qtr) -0.03 -0.27
Interest Cover Ratio Interest Cover Ratio 0.00 2.94
Times Interest Earned Times Interest Earned 0.00 2.94
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 0.00
EBIT Margin % EBIT Margin % 0.00 0.00
EBT Margin % EBT Margin % 0.00 0.00
Gross Margin % Gross Margin % 0.00 0.00
Net Profit Margin % Net Profit Margin % 0.00 0.00