Boxlight Corp (NASDAQ: BOXL)

Sector: Technology Industry: Consumer Electronics CIK: 0001624512
P/B -0.11
P/E -0.06
P/S 0.02
Market Cap 2.08 Mn
ROIC (Qtr) -99.97
Div Yield % 0.00
Rev 1y % (Qtr) -19.16
Total Debt (Qtr) 44.48 Mn
Debt/Equity (Qtr) -2.29

About

Boxlight Corporation, known by its ticker symbol BOXL, is a technology company operating primarily in the global education market, with a significant presence in the corporate and government sectors as well. The company specializes in the development, sale, and servicing of interactive solutions that aim to enhance collaboration and effective communication in meeting environments. Boxlight's main business activities revolve around the creation and distribution of interactive displays and related software. The company's offerings are designed to...

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Stock Price Chart

Analysis

Pros

  • Robust tangible asset base of 80.01M provides 52.54x coverage of working capital 1.52M, indicating strong operational backing.
  • Tangible assets of 80.01M provide robust 5.63x coverage of other current liabilities 14.22M, indicating strong asset backing.
  • Retained earnings of (146.76M) represent substantial 7.54x of equity (19.46M), indicating strong internal capital generation.
  • Cash reserves of 11.81M provide comfortable 13.47x coverage of tax obligations 877000, showing strong fiscal management.
  • Cash position of 11.81M represents healthy 7.76x of working capital 1.52M, demonstrating strong operational liquidity.

Cons

  • Operating cash flow of (158000) barely covers its investment activities of (385000), 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.
  • Investment activities of (385000) provide weak support for R&D spending of 4.11M, which is -0.09x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (158000) provides insufficient coverage of deferred revenue obligations of 24.48M, which is -0.01x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (158000) shows concerning coverage of stock compensation expenses of 615000, with a -0.26 ratio indicating potential earnings quality issues.
  • Free cash flow of (543000) provides weak coverage of capital expenditures of 385000, with a -1.41 ratio suggesting additional external financing needs for growth initiatives.

Peer Comparison

Companies in the Consumer Electronics
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AAPL Apple Inc. 4,169.05 Bn 37.22 10.02 98.66 Bn
2 SONY Sony Group Corp 162.78 Bn 20.79 1.91 13.01 Bn
3 SONO Sonos Inc 2.28 Bn -37.29 1.58 0.05 Bn
4 LPL LG Display Co., Ltd. 2.27 Bn -17.49 0.12 9.69 Bn
5 ZEPP Zepp Health Corp 0.47 Bn -7.16 2.03 0.21 Bn
6 TBCH Turtle Beach Corp 0.29 Bn 15.92 0.84 0.09 Bn
7 GPRO GoPro, Inc. 0.28 Bn -2.32 0.43 0.20 Bn
8 VUZI Vuzix Corp 0.24 Bn -6.54 46.00 0.00 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 0.42 1.62
EV to Cash from Ops. -265.19 6.45
EV to Debt 0.94 200.47
EV to EBIT -1.80 -28.79
EV to EBITDA -8.43 6.30
EV to Free Cash Flow [EV/FCF] -77.16 44.66
EV to Market Cap 20.14 1.96
EV to Revenue 0.39 3.73
Price to Book Value [P/B] -0.11 4.94
Price to Earnings [P/E] -0.06 -24.97

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio -25.33 -85.09
Dividend Payout Ratio % 0.00 1.06
Dividend per Basic Share 0.00 0.06
FCF Dividend Payout Ratio % 0.00 0.86
Interest Coverage -2.26 -24.02

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 71.98 -25,923.54
Cash and Equivalents Growth (1y) % 12.57 21.58
Dividend Growth (1y) % 0.00 -3.99
EBIAT Growth (1y) % -11.25 -636.78
EBITDA Growth (1y) % 57.48 -136.04
EBIT Growth (1y) % -18.38 392.34
EBT Growth (1y) % -12.05 -2.62
EPS Growth (1y) % 15.69 -36.64
FCF Growth (1y) % -337.90 -2,257.13
Gross Profit Growth (1y) % -33.12 63.03

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 1.07 0.77
Cash Payout Ratio 0.00 0.01
Cash Ratio 0.17 0.79
Current Ratio 1.02 3.15
Debt to Equity Ratio -2.29 3.74
Interest Cover Ratio -2.26 -24.02
Times Interest Earned -2.26 -24.02

Profitability

Metric Value Industry Percentile
EBITDA Margin % -1.20 -156.03
EBIT Margin % -21.88 395.52
EBT Margin % -31.58 -168.00
Gross Margin % 32.60 19.60
Net Profit Margin % -30.10 -169.24