Global Interactive Technologies, Inc. (NASDAQ: GITS)

Sector: Communication Services Industry: Internet Content & Information CIK: 0001911545
Market Cap 5.19 Mn
P/B 0.99
P/E -0.89
P/S 3,108.24
ROIC (Qtr) -9.95
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 115,455.00
Debt/Equity (Qtr) 0.02

About

Hanryu Holdings, Inc., also known as HRYU, operates in the social media and entertainment industry. The company's main business activities revolve around providing a platform for fans worldwide to connect, interact, and create content related to Korean culture, entertainment, and fandom. This platform, called FANTOO, boasts a user base of over 26.6 million users from various regions including South Korea, Hong Kong, Japan, Malaysia, Singapore, Thailand, Indonesia, and Taiwan. FANTOO generates revenue through a variety of channels including advertising,...

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Price action

Investment thesis

Bull case

  • Strong tangible asset base of 1.47M provides 12.77x coverage of total debt 115455, indicating robust asset backing and low credit risk.
  • Tangible assets of 1.47M provide robust 148.35x coverage of other current liabilities 9941, indicating strong asset backing.
  • Strong cash position of 36915 provides 3.71x coverage of other current liabilities 9941, indicating excellent liquidity.
  • Operating cash flow of (1.71M) exceeds working capital of (511145) by 3.35x, showing strong operational efficiency.
  • Tangible assets of 1.47M provide robust 2.34x coverage of current liabilities 631216, showing strong asset backing.

Bear case

  • Operating cash flow of (1.71M) barely covers its investment activities of 26372, with a coverage ratio of -64.99, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Free cash flow of (1.72M) provides weak coverage of capital expenditures of 1903, with a -901.67 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (5.63M) show weak coverage of depreciation charges of 602970, with a -9.34 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (1.72M) represents just -5.01x of debt issuance 342429, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Cash position of 36915 provides weak coverage of payables of 505820, which is 0.07x, indicating potential working capital stress and supplier relationship risks.

Peer comparison

Companies in the Internet Content & Information
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GOOGL Alphabet Inc. 4,538.16 Bn 131.46 27.23 33.71 Bn
2 META Meta Platforms, Inc. 1,747.49 Bn 74.30 23.25 51.06 Bn
3 SPOT Spotify Technology S.A. 103.00 Bn 62.32 5.18 2.57 Bn
4 BIDU Baidu, Inc. 62.73 Bn 49.63 3.42 13.66 Bn
5 RDDT Reddit, Inc. 32.18 Bn 92.16 16.90 0.03 Bn
6 NBIS Nebius Group N.V. 27.81 Bn 127.53 81.80 4.51 Bn
7 TME Tencent Music Entertainment Group 24.66 Bn 15.77 5.54 0.54 Bn
8 PINS Pinterest, Inc. 16.95 Bn 8.53 4.18 0.21 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.90 1.10
EV to Cash from Ops. EV/CFO -3.08 -3.08
EV to Debt EV to Debt 45.78 28.98
EV to EBIT EV/EBIT -0.94 -26.54
EV to EBITDA EV/EBITDA 123.52 9.30
EV to Free Cash Flow [EV/FCF] EV/FCF -3.08 -67.01
EV to Market Cap EV to Market Cap 1.02 0.90
EV to Revenue EV/Rev 3,167.16 61.25
Price to Book Value [P/B] P/B 0.99 1.56
Price to Earnings [P/E] P/E -0.89 2.92
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.33
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -8.92
Dividend per Basic Share Div per Share (Qtr) 0.00 0.31
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.58
Interest Coverage Int. cover (Qtr) -24.57 -202.56
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -100.29 -24.06
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 429.25 175.36
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.94
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -154.85 31.53
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -99.21 -472.14
EBIT Growth (1y) % EBIT 1y % (Qtr) -154.85 32.66
EBT Growth (1y) % EBT 1y % (Qtr) -159.75 -25.80
EPS Growth (1y) % EPS 1y % (Qtr) -182.35 -18.36
FCF Growth (1y) % FCF 1y % (Qtr) 59.57 20.83
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 100.36 19.58
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.74
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.06 1.54
Current Ratio Curr Ratio (Qtr) 0.19 3.38
Debt to Equity Ratio Debt/Equity (Qtr) 0.02 -0.39
Interest Cover Ratio Int Coverage (Qtr) -24.57 -202.56
Times Interest Earned Times Interest Earned (Qtr) -24.57 -202.56
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -301,192.30 -4,283.87
EBIT Margin % EBIT Margin % (Qtr) -337,319.95 -4,786.62
EBT Margin % EBT Margin % (Qtr) -351,048.35 -5,002.12
Gross Margin % Gross Margin % (Qtr) 100.00 58.65
Net Profit Margin % Net Margin % (Qtr) -351,048.40 -5,003.08