Freight Technologies, Inc. (NASDAQ: FRGT)

Sector: Technology Industry: Software - Application CIK: 0001687542
Market Cap 676,573.92
P/B 0.11
P/E -0.29
P/S 0.05
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 30.16
Total Debt (Qtr) 3.31 Mn
Debt/Equity (Qtr) 0.53

About

Freight Technologies, Inc. (FRGT) operates in the logistics and transportation industry, providing a digital freight-matching platform that connects shippers with carriers. The company, which was founded in 2015 as Freight Hub, Inc. and rebranded as Fr8App in 2020, facilitates the matching of freight transportation needs with available capacity through its advanced digital platform. The company's main business activities involve the development and operation of a digital platform that streamlines the logistics management process for shippers and...

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Price action

Investment thesis

Bull case

  • Strong tangible asset base of 11.66M provides 3.52x coverage of total debt 3.31M, indicating robust asset backing and low credit risk.
  • Tangible assets of 11.66M provide robust 8.50x coverage of other current liabilities 1.37M, indicating strong asset backing.
  • Strong tangible asset base of 11.66M provides 21.34x coverage of intangibles 546220, indicating robust asset quality.

Bear case

  • Long-term investments of 6.04M represent a high 470.90x of fixed assets 12829, indicating potential overexposure to financial assets versus operational capabilities.
  • Cash position of 291940 provides weak coverage of payables of 1.23M, which is 0.24x, indicating potential working capital stress and supplier relationship risks.
  • Tangible assets of 11.66M provide limited backing for working capital of (323947), which is -35.98x, suggesting increased operational risk in market downturns.
  • Tax assets of 0 provide limited offset against tax liabilities of 297363, which is 0x, indicating potential future cash flow pressure from tax obligations.
  • Cash reserves of 291940 provide minimal coverage of other current liabilities of 1.37M, which is 0.21x, indicating elevated short-term liquidity risk.

Product and Service Breakdown of Revenue (2023)

Geographical Breakdown of Revenue (2023)

Peer comparison

Companies in the Software - Application
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SAP Sap Se 288.31 Bn 34.60 6.72 10.73 Bn
2 CRM Salesforce, Inc. 248.32 Bn 34.38 6.16 11.14 Bn
3 SHOP Shopify Inc. 212.27 Bn 119.19 19.85 1.12 Bn
4 INTU Intuit Inc. 180.73 Bn 43.89 9.30 6.78 Bn
5 UBER Uber Technologies, Inc 178.38 Bn 10.72 3.60 12.19 Bn
6 NOW ServiceNow, Inc. 146.98 Bn 84.91 11.60 2.40 Bn
7 ADBE Adobe Inc. 144.48 Bn 20.77 6.23 6.64 Bn
8 ADP Automatic Data Processing Inc 108.20 Bn 26.16 5.18 9.77 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.35 2.65
EV to Cash from Ops. EV/CFO -0.97 13.37
EV to Debt EV to Debt 1.28 57.69
EV to EBIT EV/EBIT -2.52 19.12
EV to EBITDA EV/EBITDA -0.75 15.00
EV to Free Cash Flow [EV/FCF] EV/FCF -0.97 14.69
EV to Market Cap EV to Market Cap 6.26 -92.28
EV to Revenue EV/Rev 0.33 4.60
Price to Book Value [P/B] P/B 0.11 4.26
Price to Earnings [P/E] P/E -0.29 -136.90
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -3.95
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 4.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.15
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.52
Interest Coverage Int. cover (Qtr) 0.00 -52.32
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -259.78
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 9,763.58
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.61
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 -263.15
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 56.46
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 -225.15
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 -86.10
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 123.84
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -36.82
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 95.08
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.58
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.05 3.75
Current Ratio Curr Ratio (Qtr) 0.95 8.16
Debt to Equity Ratio Debt/Equity (Qtr) 0.53 0.17
Interest Cover Ratio Int Coverage (Qtr) 0.00 -52.32
Times Interest Earned Times Interest Earned (Qtr) 0.00 -52.32
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -100.06
EBIT Margin % EBIT Margin % (Qtr) 0.00 -164.24
EBT Margin % EBT Margin % (Qtr) 0.00 -116.94
Gross Margin % Gross Margin % (Qtr) 0.00 58.20
Net Profit Margin % Net Margin % (Qtr) 0.00 -121.65