Hyperscale Data, Inc. (NYSE: GPUS)

Sector: Industrials Industry: Aerospace & Defense CIK: 0000896493
Market Cap 77.91 Mn
P/B 1.39
P/E -1.75
P/S 0.82
ROIC (Qtr) -29.54
Div Yield % 0.00
Rev 1y % (Qtr) -21.68
Total Debt (Qtr) 98.60 Mn
Debt/Equity (Qtr) 1.76

About

Ault Alliance, Inc. (AULT) is a Delaware corporation that operates in various industries, including data center operations, commercial lending, trading, Bitcoin mining, and investments in oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, and textiles. Ault Alliance's primary business activities involve generating revenue through its subsidiaries and investments. Sentinum, Inc., a Bitcoin mining operation and data center, generates revenue through the sale of Bitcoin and other cryptocurrencies,...

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Price action

Investment thesis

Bull case

  • Robust free cash flow of (25.48M) exceeds capital expenditure of (8.51M) by 2.99x, indicating strong organic growth funding capability.
  • Strong free cash flow of (25.48M) provides 65.51x coverage of acquisition spending (389000), indicating disciplined M&A strategy.
  • Tangible assets of 240.81M provide robust 6.19x coverage of other current liabilities 38.90M, indicating strong asset backing.
  • Cash reserves of 47.69M exceed inventory value of 1.74M by 27.36x, indicating strong liquidity and inventory management.
  • Strong tangible asset base of 240.81M provides 151.83x coverage of intangibles 1.59M, indicating robust asset quality.

Bear case

  • Operating cash flow of (34M) barely covers its investment activities of 2.10M, with a coverage ratio of -16.20, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 2.10M provide weak support for R&D spending of 8.05M, which is 0.26x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 47.69M provide limited coverage of acquisition spending of (389000), which is -122.59x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • The company's operating cash flow of (34M) shows concerning coverage of stock compensation expenses of 495000, with a -68.68 ratio indicating potential earnings quality issues.
  • High receivables of 6.69M relative to inventory of 1.74M (3.84 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.

Segments Breakdown of Revenue (2024)

Segments Breakdown of Revenue (2024)

Peer comparison

Companies in the Aerospace & Defense
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GE General Electric Co 340.73 Bn 39.15 7.43 20.49 Bn
2 RTX RTX Corp 266.41 Bn 39.57 3.01 39.51 Bn
3 BA Boeing Co 184.47 Bn 97.60 2.06 54.10 Bn
4 LMT Lockheed Martin Corp 145.11 Bn 28.92 1.93 21.70 Bn
5 HWM Howmet Aerospace Inc. 107.72 Bn 167.79 15.89 3.19 Bn
6 GD General Dynamics Corp 104.16 Bn 30.88 2.67 8.01 Bn
7 NOC Northrop Grumman Corp /De/ 101.77 Bn 24.33 2.43 17.02 Bn
8 TDG TransDigm Group INC 74.73 Bn 41.34 8.20 30.05 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.68 3.14
EV to Cash from Ops. EV/CFO -4.85 76.41
EV to Debt EV to Debt 1.67 80.89
EV to EBIT EV/EBIT -7.80 11.31
EV to EBITDA EV/EBITDA -8.91 30.07
EV to Free Cash Flow [EV/FCF] EV/FCF -6.46 86.36
EV to Market Cap EV to Market Cap 2.11 1.07
EV to Revenue EV/Rev 1.74 10.58
Price to Book Value [P/B] P/B 1.39 5.81
Price to Earnings [P/E] P/E -1.75 18.35
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -5.70 -3.22
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 19.41
Dividend per Basic Share Div per Share (Qtr) 0.00 0.73
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 11.64
Interest Coverage Int. cover (Qtr) -1.37 -13.61
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 301.44 -65.17
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 208.68 1,593.29
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.86
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 83.40 -43.11
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 74.71 19.42
EBIT Growth (1y) % EBIT 1y % (Qtr) 83.51 -34.51
EBT Growth (1y) % EBT 1y % (Qtr) 76.56 -35.59
EPS Growth (1y) % EPS 1y % (Qtr) -100.00 -112.67
FCF Growth (1y) % FCF 1y % (Qtr) -43.82 27.64
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -20.05 -0.19
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.39 0.51
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 0.27 1.78
Current Ratio Curr Ratio (Qtr) 0.50 3.63
Debt to Equity Ratio Debt/Equity (Qtr) 1.76 0.29
Interest Cover Ratio Int Coverage (Qtr) -1.37 -13.61
Times Interest Earned Times Interest Earned (Qtr) -1.37 -13.61
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.10 -345.58
EBIT Margin % EBIT Margin % (Qtr) -22.31 -382.34
EBT Margin % EBT Margin % (Qtr) -38.59 -387.64
Gross Margin % Gross Margin % (Qtr) 20.00 -33.21
Net Profit Margin % Net Margin % (Qtr) -47.00 -388.96