FiEE, Inc. (NASDAQ: FIEE)

Sector: Technology Industry: Communication Equipment CIK: 0001467761
Market Cap 59.86 Mn
P/B 15.32
P/E -53.50
P/S 30.16
ROIC (Qtr) -57.04
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 352,864.00
Debt/Equity (Qtr) 0.09

About

Minim, Inc., known by its ticker symbol MINM, is a company with a rich history in the networking industry, having been in operation since 1977. Based in Manchester, New Hampshire, Minim has been a leading provider of networking products and services in the North American market. The company's offerings include cable modems, cable modem/routers, mobile broadband modems, wireless routers, Multimedia over Coax Alliance (MoCA) adapters, and mesh home networking devices. These products are designed to connect homes and small offices to the internet,...

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Price action

Investment thesis

Bull case

  • Strong operating cash flow of 2.49M provides robust 7.06x coverage of total debt 352864, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 5.91M provide 16.74x coverage of short-term debt 352864, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 7.34M provides 20.79x coverage of total debt 352864, indicating robust asset backing and low credit risk.
  • Operating cash flow of 2.49M provides exceptional 284.40x coverage of interest expenses 8755, showing strong debt service capability.
  • Free cash flow of 2.50M provides exceptional 285.03x coverage of interest expense 8755, showing strong debt service ability.

Bear case

  • Operating cash flow of 2.49M barely covers its investment activities of (894453), with a coverage ratio of -2.78, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (894453) provide weak support for R&D spending of 47419, which is -18.86x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of 2.49M provides insufficient coverage of deferred revenue obligations of 2.46M, which is 1.01x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of 2.49M shows concerning coverage of stock compensation expenses of 542149, with a 4.59 ratio indicating potential earnings quality issues.
  • Free cash flow of 2.50M provides weak coverage of capital expenditures of (5547), with a -449.87 ratio suggesting additional external financing needs for growth initiatives.

Peer comparison

Companies in the Communication Equipment
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CSCO Cisco Systems, Inc. 306.02 Bn 29.63 5.30 28.09 Bn
2 MSI Motorola Solutions, Inc. 63.92 Bn 30.21 5.65 9.81 Bn
3 HPE Hewlett Packard Enterprise Co 35.43 Bn -600.50 1.03 22.37 Bn
4 UI Ubiquiti Inc. 33.47 Bn 42.27 12.14 0.17 Bn
5 CIEN Ciena Corp 33.16 Bn 268.82 6.95 1.58 Bn
6 LITE Lumentum Holdings Inc. 25.28 Bn 224.75 13.73 3.28 Bn
7 ASTS AST SpaceMobile, Inc. 19.88 Bn -65.43 1,072.82 0.72 Bn
8 ZBRA Zebra Technologies Corp 12.46 Bn 24.33 2.37 2.32 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 6.55 2.22
EV to Cash from Ops. EV/CFO 22.38 10.78
EV to Debt EV to Debt 157.91 25.00
EV to EBIT EV/EBIT -58.81 32.18
EV to EBITDA EV/EBITDA -86.55 10.60
EV to Free Cash Flow [EV/FCF] EV/FCF 22.33 -3.32
EV to Market Cap EV to Market Cap 0.93 1.17
EV to Revenue EV/Rev 28.08 27.87
Price to Book Value [P/B] P/B 15.32 5.35
Price to Earnings [P/E] P/E -53.50 2.67
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.91
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -25.01
Dividend per Basic Share Div per Share (Qtr) 0.00 0.22
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 4.46
Interest Coverage Int. cover (Qtr) -108.23 -12.93
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -73.93
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 2,980.14 463.06
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.39
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 79.80 204.95
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 87.04 -1.04
EBIT Growth (1y) % EBIT 1y % (Qtr) 82.71 238.24
EBT Growth (1y) % EBT 1y % (Qtr) 82.65 173.82
EPS Growth (1y) % EPS 1y % (Qtr) 95.68 8.68
FCF Growth (1y) % FCF 1y % (Qtr) 194.41 20.80
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 183.71 41.66
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.23 0.76
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 1.28 1.20
Current Ratio Curr Ratio (Qtr) 1.46 2.69
Debt to Equity Ratio Debt/Equity (Qtr) 0.09 0.43
Interest Cover Ratio Int Coverage (Qtr) -108.23 -12.93
Times Interest Earned Times Interest Earned (Qtr) -108.23 -12.93
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -31.80 -40.66
EBIT Margin % EBIT Margin % (Qtr) -47.74 -52.32
EBT Margin % EBT Margin % (Qtr) -48.18 -59.46
Gross Margin % Gross Margin % (Qtr) 83.00 39.35
Net Profit Margin % Net Margin % (Qtr) -56.40 -60.72