New Concept Energy, Inc. (NYSE: GBR)

Sector: Real Estate Industry: Real Estate Services CIK: 0000105744
Market Cap 1.54 Mn
P/B 0.34
P/E -20.00
P/S 10.07
ROIC (Qtr) -5.77
Div Yield % 0.00
Rev 1y % (Qtr) 5.41
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Robust tangible asset base of 4.54M provides 16.76x coverage of working capital 271000, indicating strong operational backing.
  • Tangible assets of 4.54M provide robust 126.17x coverage of other current liabilities 36000, indicating strong asset backing.
  • Long-term investments of 3.58M provide solid 13.22x backing of working capital 271000, showing strategic capital allocation.
  • Cash reserves of 307000 provide robust 4.87x coverage of current liabilities 63000, indicating strong short-term solvency.
  • Strong cash position of 307000 provides 8.53x coverage of other current liabilities 36000, indicating excellent liquidity.

Bear case

  • Free cash flow of (123000) provides weak coverage of capital expenditures of 20000, with a -6.15 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (77000) show weak coverage of depreciation charges of 13000, with a -5.92 ratio indicating high capital intensity and potential reinvestment needs.
  • Long-term investments of 3.58M represent a high 5.72x of fixed assets 626000, indicating potential overexposure to financial assets versus operational capabilities.
  • R&D investment of 0 represents just 0x of SG&A expenses of 362000, indicating potential underinvestment in innovation relative to administrative overhead.
  • R&D spending of 0 represents just 0x of capital expenditure 20000, indicating potential underinvestment in innovation relative to physical assets.

Peer comparison

Companies in the Real Estate Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CBRE Cbre Group, Inc. 51.14 Bn 41.65 1.30 9.48 Bn
2 CSGP Costar Group, Inc. 26.47 Bn 1,304.00 8.66 1.18 Bn
3 BEKE KE Holdings Inc. 21.08 Bn 43.29 1.45 2.96 Bn
4 JLL Jones Lang Lasalle Inc 16.90 Bn 26.75 0.67 3.48 Bn
5 FSV FirstService Corp 7.01 Bn 56.92 1.78 1.51 Bn
6 COMP Compass, Inc. 6.69 Bn -118.64 1.01 0.48 Bn
7 CIGI Colliers International Group Inc. 5.39 Bn 69.70 2.00 2.50 Bn
8 OPEN Opendoor Technologies Inc. 4.15 Bn -13.09 0.88 1.79 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.26 1.34
EV to Cash from Ops. EV/CFO -11.50 2.97
EV to Debt EV to Debt 0.00 6.15
EV to EBIT EV/EBIT -15.38 5.23
EV to EBITDA EV/EBITDA -4.81 18.71
EV to Free Cash Flow [EV/FCF] EV/FCF -9.63 -9.39
EV to Market Cap EV to Market Cap 0.77 4.27
EV to Revenue EV/Rev 7.74 3.62
Price to Book Value [P/B] P/B 0.34 2.10
Price to Earnings [P/E] P/E -20.00 45.45
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.38
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -6.05
Dividend per Basic Share Div per Share (Qtr) 0.00 0.22
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 0.42
Interest Coverage Int. cover (Qtr) 0.00 -2.22
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -12,525.88
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -28.60 23.84
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -102.63 4.69
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 1.20 26.73
EBIT Growth (1y) % EBIT 1y % (Qtr) -102.63 12.80
EBT Growth (1y) % EBT 1y % (Qtr) -102.63 21.27
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 22.42
FCF Growth (1y) % FCF 1y % (Qtr) -310.00 54.29
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 11.96 39.11
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.03 1.45
Cash Payout Ratio Cash Payout (Qtr) 0.00 -0.01
Cash Ratio Cash Ratio (Qtr) 4.87 1.45
Current Ratio Curr Ratio (Qtr) 5.30 2.16
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -0.06
Interest Cover Ratio Int Coverage (Qtr) 0.00 -2.22
Times Interest Earned Times Interest Earned (Qtr) 0.00 -2.22
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -41.80 -121.98
EBIT Margin % EBIT Margin % (Qtr) -50.33 -136.76
EBT Margin % EBT Margin % (Qtr) -50.33 -144.54
Gross Margin % Gross Margin % (Qtr) 67.30 32.87
Net Profit Margin % Net Margin % (Qtr) -50.30 -139.89