Actelis Networks Inc (NASDAQ: ASNS)

Sector: Technology Industry: Communication Equipment CIK: 0001141284
Market Cap 438,372.00
P/B 0.15
P/E -0.06
P/S 0.13
ROIC (Qtr) -254.30
Div Yield % 0.00
Rev 1y % (Qtr) -74.70
Total Debt (Qtr) 771,000.00
Debt/Equity (Qtr) 0.26

About

Actelis Networks Inc. (ASNS) is a prominent player in the telecommunications industry, specializing in cyber-hardened, rapid-deployment networking solutions for wide-area Internet of Things (IoT) applications. The company's offerings are designed to unlock the value of essential networks, delivering safer connectivity for rapid, cost-effective deployment. Actelis' main business activities revolve around the provision of a unique portfolio of hybrid fiber, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management...

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Price action

Investment thesis

Bull case

  • Healthy cash reserves of 1.76M provide 2.83x coverage of short-term debt 621000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 6.93M provides 8.99x coverage of total debt 771000, indicating robust asset backing and low credit risk.
  • Tangible assets of 6.93M provide exceptional 25.03x coverage of deferred revenue 277000, showing strong service capability backing.
  • Long-term investments of 125000 provide solid 0.83x coverage of long-term debt 150000, indicating strategic financial planning.
  • R&D investment of 2.54M represents healthy 9.16x of deferred revenue 277000, indicating strong future innovation pipeline.

Bear case

  • Investment activities of (4000) provide weak support for R&D spending of 2.54M, which is -0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (7.41M) provides insufficient coverage of deferred revenue obligations of 277000, which is -26.73x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (7.41M) shows concerning coverage of stock compensation expenses of 386000, with a -19.18 ratio indicating potential earnings quality issues.
  • Operating earnings of (7.43M) show weak coverage of depreciation charges of 29000, with a -256.17 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (7.41M) provides weak coverage of capital expenditures of 5000, with a -1482 ratio suggesting additional external financing needs for growth initiatives.

Peer comparison

Companies in the Communication Equipment
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CSCO Cisco Systems, Inc. 306.02 Bn 29.63 5.30 28.09 Bn
2 MSI Motorola Solutions, Inc. 63.92 Bn 30.21 5.65 9.81 Bn
3 HPE Hewlett Packard Enterprise Co 35.43 Bn -600.50 1.03 22.37 Bn
4 UI Ubiquiti Inc. 33.47 Bn 42.27 12.14 0.17 Bn
5 CIEN Ciena Corp 33.16 Bn 268.82 6.95 1.58 Bn
6 LITE Lumentum Holdings Inc. 25.28 Bn 224.75 13.73 3.28 Bn
7 ASTS AST SpaceMobile, Inc. 19.88 Bn -65.43 1,072.82 0.72 Bn
8 ZBRA Zebra Technologies Corp 12.46 Bn 24.33 2.37 2.32 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.10 2.22
EV to Cash from Ops. EV/CFO -0.09 10.78
EV to Debt EV to Debt 0.86 25.00
EV to EBIT EV/EBIT -0.09 32.18
EV to EBITDA EV/EBITDA -0.09 10.60
EV to Free Cash Flow [EV/FCF] EV/FCF -0.09 -3.32
EV to Market Cap EV to Market Cap 1.51 1.17
EV to Revenue EV/Rev 0.20 27.87
Price to Book Value [P/B] P/B 0.15 5.35
Price to Earnings [P/E] P/E -0.06 2.67
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.91
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -25.01
Dividend per Basic Share Div per Share (Qtr) 0.00 0.22
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 4.46
Interest Coverage Int. cover (Qtr) -66.93 -12.93
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -25.00 -73.93
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -30.81 463.06
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.39
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -102.87 204.95
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -83.40 -1.04
EBIT Growth (1y) % EBIT 1y % (Qtr) -102.87 238.24
EBT Growth (1y) % EBT 1y % (Qtr) -67.33 173.82
EPS Growth (1y) % EPS 1y % (Qtr) 32.81 8.68
FCF Growth (1y) % FCF 1y % (Qtr) -20.14 20.80
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -74.11 41.66
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.49 0.76
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 0.51 1.20
Current Ratio Curr Ratio (Qtr) 1.70 2.69
Debt to Equity Ratio Debt/Equity (Qtr) 0.26 0.43
Interest Cover Ratio Int Coverage (Qtr) -66.93 -12.93
Times Interest Earned Times Interest Earned (Qtr) -66.93 -12.93
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -219.80 -40.66
EBIT Margin % EBIT Margin % (Qtr) -220.64 -52.32
EBT Margin % EBT Margin % (Qtr) -223.94 -59.46
Gross Margin % Gross Margin % (Qtr) 32.80 39.35
Net Profit Margin % Net Margin % (Qtr) -223.90 -60.72