Cloudastructure, Inc. (NASDAQ: CSAI)

Sector: Technology Industry: Software - Infrastructure CIK: 0001709628
Market Cap 20.67 Mn
P/B 3.04
P/E -2.64
P/S 5.56
ROIC (Qtr) -101.13
Div Yield % 0.00
Rev 1y % (Qtr) 271.79
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Tangible assets of 8.69M provide exceptional 6.37x coverage of deferred revenue 1.36M, showing strong service capability backing.
  • Operating cash flow of (5.62M) fully covers other non-current liabilities (1.36M) by 4.12x, showing strong long-term stability.
  • Tangible assets of 8.69M provide robust 5.65x coverage of other current liabilities 1.54M, indicating strong asset backing.
  • Cash reserves of 6.40M provide robust 3.38x coverage of current liabilities 1.89M, indicating strong short-term solvency.
  • R&D investment of 1.65M represents healthy 1.21x of deferred revenue 1.36M, indicating strong future innovation pipeline.

Bear case

  • Investment activities of (262000) provide weak support for R&D spending of 1.65M, which is -0.16x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (5.62M) provides insufficient coverage of deferred revenue obligations of 1.36M, which is -4.12x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (5.62M) shows concerning coverage of stock compensation expenses of 2.53M, with a -2.22 ratio indicating potential earnings quality issues.
  • High receivables of 1.39M relative to inventory of 322000 (4.31 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Free cash flow of (5.88M) provides weak coverage of capital expenditures of 262000, with a -22.45 ratio suggesting additional external financing needs for growth initiatives.

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 1.49 2.69
EV to Cash from Ops. EV/CFO -2.30 28.91
EV to Debt EV to Debt 0.00 19.83
EV to EBIT EV/EBIT -1.65 -9.95
EV to EBITDA EV/EBITDA -1.74 6.82
EV to Free Cash Flow [EV/FCF] EV/FCF -2.20 26.09
EV to Market Cap EV to Market Cap 0.63 0.36
EV to Revenue EV/Rev 3.48 -9.34
Price to Book Value [P/B] P/B 3.04 3.88
Price to Earnings [P/E] P/E -2.64 -10.66
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 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 Interest Coverage 0.00 -14.20
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -482.22 -408.01
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 1,342.12 226.39
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.28
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 10.47 25.27
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 6.99 47.48
EBIT Growth (1y) % EBIT 1y % (Qtr) 9.04 20.13
EBT Growth (1y) % EBT 1y % (Qtr) 9.04 14.16
EPS Growth (1y) % EPS 1y % (Qtr) 20.00 67.50
FCF Growth (1y) % FCF 1y % (Qtr) -32.05 296.60
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 1,053.10 46.75
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.43 0.67
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 3.38 1.22
Current Ratio Curr Ratio (Qtr) 4.45 2.59
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -0.96
Interest Cover Ratio Interest Cover Ratio 0.00 -14.20
Times Interest Earned Times Interest Earned 0.00 -14.20
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -208.40 -548.16
EBIT Margin % EBIT Margin % (Qtr) -210.46 -199.84
EBT Margin % EBT Margin % (Qtr) -210.46 -607.20
Gross Margin % Gross Margin % (Qtr) 45.00 51.88
Net Profit Margin % Net Margin % (Qtr) -210.70 -610.00