CISO Global, Inc. (NASDAQ: CISO)

Sector: Technology Industry: Software - Infrastructure CIK: 0001777319
Market Cap 6.15 Mn
P/B 0.38
P/E -0.54
P/S 0.22
ROIC (Qtr) -46.68
Div Yield % 0.00
Rev 1y % (Qtr) -13.97
Total Debt (Qtr) 2.54 Mn
Debt/Equity (Qtr) 0.16

About

CISO Global, Inc., or CISO, is a company that operates in the cybersecurity industry. With a ticker symbol of CISO, the company's main business activities involve providing cybersecurity solutions and services to its customers. CISO's primary products and services include cybersecurity consulting, penetration testing, and incident response. The company caters to a wide range of organizations, from small businesses to large enterprises, across various industries such as healthcare, finance, and government. CISO generates revenue primarily through...

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Price action

Investment thesis

Bull case

  • Tangible assets of 4.08M provide exceptional 5.83x coverage of deferred revenue 700706, showing strong service capability backing.
  • Operating cash flow of (6.44M) fully covers other non-current liabilities (654956) by 9.83x, showing strong long-term stability.
  • Tangible assets of 4.08M provide robust 6.23x coverage of other current liabilities 654956, indicating strong asset backing.
  • Strong free cash flow of (6.44M) provides 6.44x coverage of acquisition spending (1M), indicating disciplined M&A strategy.
  • Strong cash position of 1.11M provides 1.70x coverage of other current liabilities 654956, indicating excellent liquidity.

Bear case

  • Cash reserves of 1.11M provide limited coverage of acquisition spending of (1M), which is -1.11x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of (6.44M) provides insufficient coverage of deferred revenue obligations of 700706, which is -9.19x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (6.44M) shows concerning coverage of stock compensation expenses of 4.86M, with a -1.33 ratio indicating potential earnings quality issues.
  • Operating earnings of (1.33M) show weak coverage of depreciation charges of 1.63M, with a -0.82 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (6.44M) represents just -1.72x of debt issuance 3.74M, suggesting concerning reliance on leverage rather than internal cash generation for growth.

Peer comparison

Companies in the Software - Infrastructure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 MSFT Microsoft Corp 3,563.59 Bn 33.97 12.13 60.56 Bn
2 ORCL Oracle Corp 561.87 Bn 36.43 9.21 124.39 Bn
3 PLTR Palantir Technologies Inc. 413.65 Bn 377.64 106.17 0.24 Bn
4 PANW Palo Alto Networks Inc 126.45 Bn 113.19 13.23 0.35 Bn
5 CRWD CrowdStrike Holdings, Inc. 116.42 Bn -370.56 25.50 0.82 Bn
6 SNPS Synopsys Inc 86.06 Bn 64.60 12.20 14.29 Bn
7 NET Cloudflare, Inc. 62.78 Bn -609.27 31.18 3.50 Bn
8 FTNT Fortinet, Inc. 60.83 Bn 32.47 9.28 1.00 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.63 2.69
EV to Cash from Ops. EV/CFO -2.46 28.91
EV to Debt EV to Debt 6.24 19.83
EV to EBIT EV/EBIT -11.92 -9.95
EV to EBITDA EV/EBITDA -2.27 6.82
EV to Free Cash Flow [EV/FCF] EV/FCF -2.46 26.09
EV to Market Cap EV to Market Cap 2.57 0.36
EV to Revenue EV/Rev 0.57 -9.34
Price to Book Value [P/B] P/B 0.38 3.88
Price to Earnings [P/E] P/E -0.54 -10.66
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -0.30
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 2.71
Dividend per Basic Share Div per Share (Qtr) 0.00 0.10
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 1.68
Interest Coverage Int. cover (Qtr) -0.13 -14.20
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -408.01
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 150.91 226.39
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.28
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 94.88 25.27
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 63.76 47.48
EBIT Growth (1y) % EBIT 1y % (Qtr) 94.88 20.13
EBT Growth (1y) % EBT 1y % (Qtr) 61.14 14.16
EPS Growth (1y) % EPS 1y % (Qtr) 63.14 67.50
FCF Growth (1y) % FCF 1y % (Qtr) -121.60 296.60
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 89.37 46.75
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.11 0.67
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 0.13 1.22
Current Ratio Curr Ratio (Qtr) 0.36 2.59
Debt to Equity Ratio Debt/Equity (Qtr) 0.16 -0.96
Interest Cover Ratio Int Coverage (Qtr) -0.13 -14.20
Times Interest Earned Times Interest Earned (Qtr) -0.13 -14.20
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 1.10 -548.16
EBIT Margin % EBIT Margin % (Qtr) -4.79 -199.84
EBT Margin % EBT Margin % (Qtr) -41.01 -607.20
Gross Margin % Gross Margin % (Qtr) 24.70 51.88
Net Profit Margin % Net Margin % (Qtr) -41.00 -610.00