Crane Harbor Acquisition Corp. (NASDAQ: CHAC)

Sector: Financial Services Industry: Shell Companies CIK: 0002054174
Market Cap 235.25 Mn
P/B -23.83
P/E 65.62
P/S 0.00
ROIC (Qtr) 27.91
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Tangible assets of 226.54M provide robust 149.58x coverage of other current liabilities 1.51M, indicating strong asset backing.
  • Retained earnings of (9.87M) represent substantial 1x of equity (9.87M), indicating strong internal capital generation.
  • Tangible assets of 226.54M provide robust 149.58x coverage of current liabilities 1.51M, showing strong asset backing.
  • Operating cash flow of (1.99M) exceeds working capital of (1.11M) by 1.79x, showing strong operational efficiency.

Bear case

  • Operating cash flow of (1.99M) barely covers its investment activities of (220M), with a coverage ratio of 0.01, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Free cash flow of (1.99M) represents just -3.05x of debt issuance 651196, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Tangible assets of 226.54M provide limited backing for working capital of (1.11M), which is -204.06x, suggesting increased operational risk in market downturns.
  • Operating cash flow of (1.99M) is outpaced by equity issuance of 222M (-0.01 ratio), indicating concerning reliance on equity markets for funding operations.
  • R&D investment of 0 represents just 0x of SG&A expenses of 2.51M, indicating potential underinvestment in innovation relative to administrative overhead.

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 1.04 0.95
EV to Cash from Ops. EV/CFO -118.07 18.30
EV to Debt EV to Debt 0.00 125,153.88
EV to EBIT EV/EBIT 65.47 34.06
EV to EBITDA EV/EBITDA -93.43 -165.45
EV to Free Cash Flow [EV/FCF] EV/FCF -118.07 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 -23.83 -20.50
Price to Earnings [P/E] P/E 65.62 -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 and Equivalents Growth (1y) % 0.00 410.95
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 282.79
EBITDA Growth (1y) % EBITDA Growth (1y) % 0.00 -126.98
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 304.32
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 303.65
EPS Growth (1y) % EPS Growth (1y) % 0.00 956.13
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) 0.18 52.04
Current Ratio Curr Ratio (Qtr) 0.27 4.89
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -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