Galaxy Digital Inc. (NASDAQ: GLXY)

Sector: Financial Services Industry: Capital Markets CIK: 0001859392
Market Cap 0.00
P/B 0.00
P/E 0.00
P/S 0.00
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 235.38
Total Debt (Qtr) 4.53 Bn
Debt/Equity (Qtr) 2.57

About

Price action

Investment thesis

Bull case

  • Strong tangible asset base of 11.46B provides 2.53x coverage of total debt 4.53B, indicating robust asset backing and low credit risk.
  • Long-term investments of 1.32B provide solid 1.13x coverage of long-term debt 1.16B, indicating strategic financial planning.
  • Short-term investments of 7.05B provide solid 2.47x coverage of other current liabilities 2.85B, indicating strong liquidity.
  • Robust tangible asset base of 11.46B provides 4.93x coverage of working capital 2.33B, indicating strong operational backing.
  • Tangible assets of 11.46B provide robust 4.02x coverage of other current liabilities 2.85B, indicating strong asset backing.

Bear case

  • Short-term investments of 7.05B significantly exceed cash reserves of 1.14B, which is 6.20x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • Long-term investments of 1.32B represent a high 1.51x of fixed assets 874.06M, indicating potential overexposure to financial assets versus operational capabilities.
  • Retained earnings of 540.81M provide limited buffer against comprehensive income items of (2.60M), which is -207.60x, indicating elevated exposure to market risks.
  • Short-term investments of 7.05B represent 3.03x of working capital 2.33B, suggesting potentially excessive financial asset allocation versus operational needs.
  • Short-term investments of 7.05B exceed receivables of 71.95M by 97.97x, indicating potentially inefficient capital allocation given collection cycle needs.

Peer comparison

Companies in the Capital Markets
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GS Goldman Sachs Group Inc 284.23 Bn 17.94 4.84 911.32 Bn
2 MS Morgan Stanley 279.63 Bn 17.97 4.05 353.12 Bn
3 SCHW Schwab Charles Corp 179.33 Bn 23.09 7.83 27.59 Bn
4 HOOD Robinhood Markets, Inc. 106.92 Bn 48.73 25.43 0.00 Bn
5 CRCL Circle Internet Group, Inc. 40.97 Bn 261.00 24.22 0.15 Bn
6 IBKR Interactive Brokers Group, Inc. 28.23 Bn 30.79 4.75 28.43 Bn
7 LPLA LPL Financial Holdings Inc. 27.60 Bn 33.13 1.77 7.52 Bn
8 FUTU Futu Holdings Ltd 22.89 Bn 18.13 8.54 1.75 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 1.07
EV to Cash from Ops. EV to Cash from Ops. 0.00 15.33
EV to Debt EV to Debt 0.00 21.89
EV to EBIT EV to EBIT 0.00 -0.80
EV to EBITDA EV to EBITDA 0.00 11.20
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 43.08
EV to Market Cap EV to Market Cap 0.00 -0.05
EV to Revenue EV to Revenue 0.00 12.82
Price to Book Value [P/B] Price to Book Value [P/B] 0.00 3.09
Price to Earnings [P/E] Price to Earnings [P/E] 0.00 6.20
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 4.22
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 10.37
Dividend per Basic Share Div per Share (Qtr) 0.00 0.70
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -8.68
Interest Coverage Interest Coverage 0.00 37.53
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -12,429.64
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 1,588.78
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 4.88
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 270.93
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 333.57
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 3,103.22
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 3,039.53
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 24.25
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -80.08
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 51.33
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.42
Cash Payout Ratio Cash Payout (Qtr) 0.00 -0.08
Cash Ratio Cash Ratio (Qtr) 0.17 2.01
Current Ratio Curr Ratio (Qtr) 1.35 3.47
Debt to Equity Ratio Debt/Equity (Qtr) 2.57 1.46
Interest Cover Ratio Interest Cover Ratio 0.00 37.53
Times Interest Earned Times Interest Earned 0.00 37.53
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 76.68
EBIT Margin % EBIT Margin % (Qtr) 0.00 46.81
EBT Margin % EBT Margin % (Qtr) 0.00 58.57
Gross Margin % Gross Margin % (Qtr) 0.00 53.60
Net Profit Margin % Net Margin % (Qtr) 0.00 29.41