Exodus Movement, Inc. (NYSE: EXOD)

Sector: Technology Industry: Software - Infrastructure CIK: 0001821534
P/B 1.33
P/E 3.63
P/S 2.89
Market Cap 395.35 Mn
ROIC (Qtr) 34.49
Div Yield % 0.00
Rev 1y % (Qtr) 50.83
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Stock Price Chart

Analysis

Pros

  • Robust tangible asset base of 331.52M provides 6.23x coverage of working capital 53.20M, indicating strong operational backing.
  • Tangible assets of 331.52M provide robust 34.31x coverage of other current liabilities 9.66M, indicating strong asset backing.
  • Long-term investments of 264.11M provide solid 4.96x backing of working capital 53.20M, showing strategic capital allocation.
  • Retained earnings of 175.73M provide strong 18.19x coverage of other current liabilities 9.66M, indicating earnings quality.
  • Cash reserves of 50.55M provide robust 3.68x coverage of current liabilities 13.72M, indicating strong short-term solvency.

Cons

  • Operating cash flow of (21.48M) barely covers its investment activities of 60.80M, with a coverage ratio of -0.35, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 60.80M provide weak support for R&D spending of 92.64M, which is 0.66x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (21.48M) shows concerning coverage of stock compensation expenses of 12.29M, with a -1.75 ratio indicating potential earnings quality issues.
  • Free cash flow of (21.71M) provides weak coverage of capital expenditures of 227000, with a -95.63 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (21.48M) provides minimal -1.69x coverage of tax expenses of 12.70M, suggesting potential tax planning inefficiencies or unsustainable tax positions.

Peer Comparison

Companies in the Software - Infrastructure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 MSFT Microsoft Corp 3,542.10 Bn 33.76 12.06 60.56 Bn
2 ORCL Oracle Corp 533.93 Bn 34.61 8.75 124.39 Bn
3 PLTR Palantir Technologies Inc. 437.56 Bn 399.47 112.31 0.24 Bn
4 PANW Palo Alto Networks Inc 125.16 Bn 112.03 13.10 0.35 Bn
5 CRWD CrowdStrike Holdings, Inc. 120.85 Bn -384.67 26.47 0.82 Bn
6 SNPS Synopsys Inc 71.69 Bn 35.89 11.14 15.14 Bn
7 NET Cloudflare, Inc. 67.84 Bn -658.43 33.70 3.50 Bn
8 FTNT Fortinet, Inc. 63.33 Bn 33.80 9.66 1.00 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 1.01 2.56
EV to Cash from Ops. -15.94 38.32
EV to Debt 0.00 -11.37
EV to EBIT 2.82 -12.79
EV to EBITDA 2.80 7.72
EV to Free Cash Flow [EV/FCF] -15.77 24.22
EV to Market Cap 0.87 0.58
EV to Revenue 2.50 -35.00
Price to Book Value [P/B] 1.33 3.74
Price to Earnings [P/E] 3.63 -18.61

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 -0.30
Dividend Payout Ratio % 0.00 2.69
Dividend per Basic Share 0.00 0.10
FCF Dividend Payout Ratio % 0.00 1.67
Interest Coverage 0.00 -13.15

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 15.93 -404.11
Cash and Equivalents Growth (1y) % 89.78 226.02
Dividend Growth (1y) % 0.00 -0.27
EBIAT Growth (1y) % 92.79 31.15
EBITDA Growth (1y) % 90.48 49.02
EBIT Growth (1y) % 93.22 25.85
EBT Growth (1y) % 93.22 17.82
EPS Growth (1y) % 83.80 70.69
FCF Growth (1y) % -133.35 295.45
Gross Profit Growth (1y) % 52.02 49.96

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.40 0.68
Cash Payout Ratio 0.00 0.02
Cash Ratio 3.68 1.21
Current Ratio 4.88 2.57
Debt to Equity Ratio 0.00 -0.93
Interest Cover Ratio 0.00 -13.15
Times Interest Earned 0.00 -13.15

Profitability

Metric Value Industry Percentile
EBITDA Margin % 91.90 -544.82
EBIT Margin % 88.69 -197.78
EBT Margin % 88.69 -602.74
Gross Margin % 124.00 52.06
Net Profit Margin % 79.40 -605.52