Enigmatig Ltd (NYSE: EGG)

Sector: Industrials Industry: Consulting Services CIK: 0001982961
Market Cap 154.75 Mn
P/B 9.68
P/E 276.50
P/S 34.76
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 708,446.00
Debt/Equity (Qtr) 0.04
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About

Investment thesis

Bull case

  • Healthy cash reserves of 13.21M provide 43.90x coverage of short-term debt 300824, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 18.22M provides 25.71x coverage of total debt 708446, indicating robust asset backing and low credit risk.
  • Tangible assets of 18.22M provide exceptional 23.81x coverage of deferred revenue 765229, showing strong service capability backing.
  • Operating cash flow of (1.72M) fully covers other non-current liabilities (765229) by 2.24x, showing strong long-term stability.
  • Long-term investments of 2.18M provide solid 5.35x coverage of long-term debt 407622, indicating strategic financial planning.

Bear case

  • Operating cash flow of (1.72M) provides insufficient coverage of deferred revenue obligations of 765229, which is -2.24x, raising concerns about future service delivery capabilities.
  • Free cash flow of (1.96M) provides weak coverage of capital expenditures of 246111, with a -7.97 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (1.72M) provides minimal -5.80x coverage of tax expenses of 295502, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Long-term investments of 2.18M represent a high 2.32x of fixed assets 939626, indicating potential overexposure to financial assets versus operational capabilities.
  • Operating cash flow of (1.72M) barely covers operating expenses of 1.98M with a -0.87 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Consulting Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 VRSK Verisk Analytics, Inc. 28.99 Bn 59.50 10.85 4.89 Bn
2 EFX Equifax Inc 23.01 Bn 48.18 7.65 4.81 Bn
3 BAH Booz Allen Hamilton Holding Corp 9.48 Bn 11.30 0.83 4.14 Bn
4 FCN Fti Consulting, Inc 5.36 Bn 20.13 1.45 0.74 Bn
5 HURN Huron Consulting Group Inc. 2.29 Bn 21.14 1.38 0.65 Bn
6 ICFI ICF International, Inc. 1.43 Bn 22.60 0.96 0.62 Bn
7 CRAI Cra International, Inc. 1.10 Bn 25.41 1.63 0.19 Bn
8 SBC SBC Medical Group Holdings Inc 0.48 Bn 11.17 2.71 0.03 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 8.35 1.96
EV to Cash from Ops. EV/CFO -88.73 5.36
EV to Debt EV to Debt 214.84 58.47
EV to EBIT EV/EBIT 177.98 18.59
EV to EBITDA EV/EBITDA 266.54 20.71
EV to Free Cash Flow [EV/FCF] EV/FCF -77.60 11.61
EV to Market Cap EV to Market Cap 0.98 -835.88
EV to Revenue EV/Rev 34.19 5.73
Price to Book Value [P/B] P/B 9.68 3.44
Price to Earnings [P/E] P/E 276.50 22.21
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.70
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 4.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.32
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 6.40
Interest Coverage Interest Coverage 0.00 92.47
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % -7,500.71 -330.08
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 728.98 126.66
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.43
EBIAT Growth (1y) % EBIAT Growth (1y) % -31.85 -18.91
EBITDA Growth (1y) % EBITDA Growth (1y) % -44.48 -12.32
EBIT Growth (1y) % EBIT Growth (1y) % -11.24 -132.53
EBT Growth (1y) % EBT Growth (1y) % -11.24 -937.51
EPS Growth (1y) % EPS Growth (1y) % -33.33 -76.24
FCF Growth (1y) % FCF Growth (1y) % -223.61 -11.33
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 14.91 12.14
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 0.24 0.77
Cash Payout Ratio Cash Payout Ratio 0.00 0.09
Cash Ratio Cash Ratio (Qtr) 7.27 2.02
Current Ratio Curr Ratio (Qtr) 8.31 4.88
Debt to Equity Ratio Debt/Equity (Qtr) 0.04 0.55
Interest Cover Ratio Interest Cover Ratio 0.00 92.47
Times Interest Earned Times Interest Earned 0.00 92.47
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 20.00 -16.97
EBIT Margin % EBIT Margin % 19.21 -96.24
EBT Margin % EBT Margin % 19.21 -22.60
Gross Margin % Gross Margin % 68.80 54.26
Net Profit Margin % Net Profit Margin % 12.60 -25.32