Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI)

Sector: Consumer Cyclical Industry: Auto & Truck Dealerships CIK: 0001959726
Market Cap 794,502.72
P/B -0.02
P/E -0.05
P/S 0.01
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 18.83 Mn
Debt/Equity (Qtr) -0.47
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About

Investment thesis

Bull case

  • Operating cash flow of (4.67M) fully covers other non-current liabilities (1.57M) by 2.98x, showing strong long-term stability.
  • Tangible assets of 12M provide exceptional 7.66x coverage of deferred revenue 1.57M, showing strong service capability backing.
  • Strong free cash flow of (4.67M) provides 1558x coverage of acquisition spending (3000), indicating disciplined M&A strategy.
  • Retained earnings of (146.04M) represent substantial 3.65x of equity (39.99M), indicating strong internal capital generation.
  • R&D investment of 1.07M represents healthy 0.68x of deferred revenue 1.57M, indicating strong future innovation pipeline.

Bear case

  • Investment activities of (44000) provide weak support for R&D spending of 1.07M, which is -0.04x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 268000 provide limited coverage of acquisition spending of (3000), which is -89.33x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of (4.67M) provides insufficient coverage of deferred revenue obligations of 1.57M, which is -2.98x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (4.67M) shows concerning coverage of stock compensation expenses of 9.40M, with a -0.50 ratio indicating potential earnings quality issues.
  • Operating earnings of (14.45M) show weak coverage of depreciation charges of 349000, with a -41.42 ratio indicating high capital intensity and potential reinvestment needs.

Peer comparison

Companies in the Auto & Truck Dealerships
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CVNA Carvana Co. 47.27 Bn 75.15 2.59 5.61 Bn
2 PAG Penske Automotive Group, Inc. 14.12 Bn 40.79 0.69 7.93 Bn
3 LAD Lithia Motors Inc 7.79 Bn 568.00 3.83 14.72 Bn
4 AN Autonation, Inc. 7.53 Bn 11.60 0.27 6.36 Bn
5 KMX Carmax Inc 6.36 Bn 13.90 0.25 17.85 Bn
6 RUSHA Rush Enterprises Inc \Tx\ 5.83 Bn 32.67 1.17 1.52 Bn
7 VVV Valvoline Inc 4.97 Bn 57.58 2.83 2.04 Bn
8 ABG Asbury Automotive Group Inc 4.46 Bn 7.96 0.25 5.99 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.11 0.98
EV to Cash from Ops. EV/CFO -2.86 -162.51
EV to Debt EV to Debt 0.71 1.88
EV to EBIT EV/EBIT -0.92 9.83
EV to EBITDA EV/EBITDA -0.78 25.42
EV to Free Cash Flow [EV/FCF] EV/FCF -2.86 -26.96
EV to Market Cap EV to Market Cap 16.81 1.39
EV to Revenue EV/Rev 0.11 0.83
Price to Book Value [P/B] P/B -0.02 1.58
Price to Earnings [P/E] P/E -0.05 30.09
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 253.97 3.68
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 2.11
Dividend per Basic Share Div per Share (Qtr) 0.00 0.44
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 -73.18
Interest Coverage Interest Coverage -6.88 -26.23
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -715.33
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -89.16 50.36
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 3.96
EBIAT Growth (1y) % EBIAT Growth (1y) % -72.29 -79.89
EBITDA Growth (1y) % EBITDA Growth (1y) % -233.70 20.49
EBIT Growth (1y) % EBIT Growth (1y) % -72.09 -21.28
EBT Growth (1y) % EBT Growth (1y) % -49.05 126.01
EPS Growth (1y) % EPS Growth (1y) % -147.37 214.23
FCF Growth (1y) % FCF Growth (1y) % 53.86 49.63
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 71.91 90.96
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 10.23 1.29
Cash Payout Ratio Cash Payout Ratio 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 0.01 0.23
Current Ratio Curr Ratio (Qtr) 0.31 1.22
Debt to Equity Ratio Debt/Equity (Qtr) -0.47 0.27
Interest Cover Ratio Interest Cover Ratio -6.88 -26.23
Times Interest Earned Times Interest Earned -6.88 -26.23
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % -11.50 -1,676.65
EBIT Margin % EBIT Margin % -11.77 -3,422.20
EBT Margin % EBT Margin % -13.48 -3,435.14
Gross Margin % Gross Margin % 1.80 35.90
Net Profit Margin % Net Profit Margin % -13.40 -3,399.55