iOThree Ltd (NASDAQ: IOTR)

Sector: Communication Services Industry: Telecom Services CIK: 0001997637
Market Cap 5.97 Mn
P/B 1.42
P/E -25.90
P/S 0.57
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 1.91 Mn
Debt/Equity (Qtr) 0.45
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About

Investment thesis

Bull case

  • Strong tangible asset base of 8.75M provides 4.59x coverage of total debt 1.91M, indicating robust asset backing and low credit risk.
  • Robust tangible asset base of 8.75M provides 5.33x coverage of working capital 1.64M, indicating strong operational backing.
  • Tangible assets of 8.75M provide robust 5.51x coverage of other current liabilities 1.59M, indicating strong asset backing.
  • Retained earnings of 808166 provide strong 2.36x coverage of intangibles 342862, indicating quality earnings retention.
  • Cash position of 842393 represents healthy 0.51x of working capital 1.64M, demonstrating strong operational liquidity.

Bear case

  • Inventory of 1.43M consumes 0.87x of working capital 1.64M, suggesting inefficient inventory management and potential liquidity constraints.
  • Other current liabilities of 1.59M represent a high 0.97x of receivables 1.64M, suggesting potential short-term liquidity pressure.

Product and Service Breakdown of Revenue (2025)

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Telecom Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TMUS T-Mobile US, Inc. 247.58 Bn 22.52 2.80 118.74 Bn
2 T At&T Inc. 210.50 Bn 12.86 1.15 155.04 Bn
3 VZ Verizon Communications Inc 202.20 Bn 11.00 1.54 181.64 Bn
4 CMCSA Comcast Corp 180.83 Bn 58.43 5.08 98.94 Bn
5 VOD Vodafone Group Public Ltd Co 44.88 Bn 3.20 0.62 60.54 Bn
6 CHT Chunghwa Telecom Co Ltd 33.41 Bn 26.87 4.32 1.20 Bn
7 SATS EchoStar CORP 32.60 Bn -2.52 2.15 30.58 Bn
8 CHTR Charter Communications, Inc. /Mo/ 32.03 Bn 6.42 0.58 96.20 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 0.87
EV to Cash from Ops. EV to Cash from Ops. 0.00 7.73
EV to Debt EV to Debt 0.00 40.31
EV to EBIT EV to EBIT 0.00 2.24
EV to EBITDA EV to EBITDA 0.00 2.53
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 33.34
EV to Market Cap EV to Market Cap 0.00 1.71
EV to Revenue EV to Revenue 0.00 5.12
Price to Book Value [P/B] P/B 1.42 2.16
Price to Earnings [P/E] P/E -25.90 76.35
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -0.17
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 2.05
Dividend per Basic Share Div per Share (Qtr) 0.00 0.79
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 8.04
Interest Coverage Interest Coverage 0.00 -2.53
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 19.27
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 61.85
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -2.07
EBIAT Growth (1y) % EBIAT Growth (1y) % 0.00 373.65
EBITDA Growth (1y) % EBITDA Growth (1y) % 0.00 192.47
EBIT Growth (1y) % EBIT Growth (1y) % 0.00 814.56
EBT Growth (1y) % EBT Growth (1y) % 0.00 -29.03
EPS Growth (1y) % EPS Growth (1y) % 0.00 141.81
FCF Growth (1y) % FCF Growth (1y) % 0.00 78.17
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 -10.71
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 0.00 0.60
Cash Payout Ratio Cash Payout Ratio 0.00 0.06
Cash Ratio Cash Ratio (Qtr) 0.22 0.68
Current Ratio Curr Ratio (Qtr) 1.44 1.56
Debt to Equity Ratio Debt/Equity (Qtr) 0.45 -0.46
Interest Cover Ratio Interest Cover Ratio 0.00 -2.53
Times Interest Earned Times Interest Earned 0.00 -2.53
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 46.49
EBIT Margin % EBIT Margin % 0.00 -51.60
EBT Margin % EBT Margin % 0.00 27.73
Gross Margin % Gross Margin % 0.00 55.49
Net Profit Margin % Net Profit Margin % 0.00 26.33