T Stamp Inc (NASDAQ: IDAI)

Sector: Technology Industry: Software - Application CIK: 0001718939
Market Cap 7.68 Mn
P/B 1.27
P/E -0.65
P/S 3.76
ROIC (Qtr) -130.14
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 3.33 Mn
Debt/Equity (Qtr) 0.55

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 5.37M provide 2.46x coverage of short-term debt 2.19M, demonstrating strong liquidity position and minimal refinancing risk.
  • Tangible assets of 8.11M provide exceptional 24.33x coverage of deferred revenue 333300, showing strong service capability backing.
  • Operating cash flow of (6.75M) fully covers other non-current liabilities (82138) by 82.19x, showing strong long-term stability.
  • Long-term investments of 809241 provide solid 0.71x coverage of long-term debt 1.14M, indicating strategic financial planning.
  • Tangible assets of 8.11M provide robust 6.77x coverage of other current liabilities 1.20M, indicating strong asset backing.

Bear case

  • Investment activities of (884486) provide weak support for R&D spending of 2.08M, which is -0.43x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (6.75M) provides insufficient coverage of deferred revenue obligations of 333300, which is -20.25x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (6.75M) shows concerning coverage of stock compensation expenses of 959759, with a -7.03 ratio indicating potential earnings quality issues.
  • Free cash flow of (7.50M) provides weak coverage of capital expenditures of 746709, with a -10.04 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (11.28M) show weak coverage of depreciation charges of 898543, with a -12.55 ratio indicating high capital intensity and potential reinvestment needs.

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 0.77 2.65
EV to Cash from Ops. EV/CFO -1.28 13.37
EV to Debt EV to Debt 2.59 57.69
EV to EBIT EV/EBIT -0.77 19.12
EV to EBITDA EV/EBITDA -1.13 15.00
EV to Free Cash Flow [EV/FCF] EV/FCF -1.15 14.69
EV to Market Cap EV to Market Cap 1.13 -92.28
EV to Revenue EV/Rev 4.23 4.60
Price to Book Value [P/B] P/B 1.27 4.26
Price to Earnings [P/E] P/E -0.65 -136.90
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 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) -22.15 -52.32
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -11.32 -259.78
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 798.28 9,763.58
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.61
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -22.32 -263.15
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 31.89 56.46
EBIT Growth (1y) % EBIT 1y % (Qtr) -22.07 -225.15
EBT Growth (1y) % EBT 1y % (Qtr) -24.96 -86.10
EPS Growth (1y) % EPS 1y % (Qtr) 53.39 123.84
FCF Growth (1y) % FCF 1y % (Qtr) 15.02 -36.82
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 662.61 95.08
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.18 0.58
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 1.50 3.75
Current Ratio Curr Ratio (Qtr) 1.98 8.16
Debt to Equity Ratio Debt/Equity (Qtr) 0.55 0.17
Interest Cover Ratio Int Coverage (Qtr) -22.15 -52.32
Times Interest Earned Times Interest Earned (Qtr) -22.15 -52.32
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -508.00 -100.06
EBIT Margin % EBIT Margin % (Qtr) -552.03 -164.24
EBT Margin % EBT Margin % (Qtr) -576.95 -116.94
Gross Margin % Gross Margin % (Qtr) 36.50 58.20
Net Profit Margin % Net Margin % (Qtr) -577.30 -121.65