Linkhome Holdings Inc. (NASDAQ: LHAI)

Sector: Real Estate Industry: Real Estate Services CIK: 0002017758
Market Cap 23.89 Mn
P/B 3.32
P/E 48.00
P/S 1.32
ROIC (Qtr) -0.47
Div Yield % 0.00
Rev 1y % (Qtr) 162.77
Total Debt (Qtr) 439,680.00
Debt/Equity (Qtr) 0.06

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 3.66M provide 31.50x coverage of short-term debt 116270, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 8.62M provides 19.61x coverage of total debt 439680, indicating robust asset backing and low credit risk.
  • Retained earnings of 1.25M provide full 3.88x coverage of long-term debt 323410, indicating strong internal capital position.
  • Tangible assets of 8.62M provide robust 9.68x coverage of other current liabilities 890235, indicating strong asset backing.
  • Strong cash position of 3.66M provides 4.11x coverage of other current liabilities 890235, indicating excellent liquidity.

Bear case

  • Free cash flow of (1.60M) provides weak coverage of capital expenditures of 306125, with a -5.24 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (1.30M) provides minimal -6.89x coverage of tax expenses of 188375, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • High financing cash flow of 4.55M relative to working capital of 5.27M, which is 0.86x suggests concerning dependence on external funding for operational needs.
  • Operating cash flow of (1.30M) is outpaced by equity issuance of 4.66M (-0.28 ratio), indicating concerning reliance on equity markets for funding operations.
  • R&D investment of 0 represents just 0x of SG&A expenses of 468634, indicating potential underinvestment in innovation relative to administrative overhead.

Peer comparison

Companies in the Real Estate Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CBRE Cbre Group, Inc. 51.14 Bn 41.65 1.30 9.48 Bn
2 CSGP Costar Group, Inc. 26.47 Bn 1,304.00 8.66 1.18 Bn
3 BEKE KE Holdings Inc. 21.08 Bn 43.29 1.45 2.96 Bn
4 JLL Jones Lang Lasalle Inc 16.90 Bn 26.75 0.67 3.48 Bn
5 FSV FirstService Corp 7.01 Bn 56.92 1.78 1.51 Bn
6 COMP Compass, Inc. 6.69 Bn -118.64 1.01 0.48 Bn
7 CIGI Colliers International Group Inc. 5.39 Bn 69.70 2.00 2.50 Bn
8 OPEN Opendoor Technologies Inc. 4.15 Bn -13.09 0.88 1.79 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 2.48 1.34
EV to Cash from Ops. EV/CFO -16.47 2.97
EV to Debt EV to Debt 48.62 6.15
EV to EBIT EV/EBIT 31.03 5.23
EV to EBITDA EV/EBITDA 26.91 18.71
EV to Free Cash Flow [EV/FCF] EV/FCF -13.33 -9.39
EV to Market Cap EV to Market Cap 0.89 4.27
EV to Revenue EV/Rev 1.18 3.62
Price to Book Value [P/B] P/B 3.32 2.10
Price to Earnings [P/E] P/E 48.00 45.45
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.38
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -6.05
Dividend per Basic Share Div per Share (Qtr) 0.00 0.22
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 0.42
Interest Coverage Int. cover (Qtr) 231.07 -2.22
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % -12,328.95 -12,525.88
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 409.98 23.84
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 7.64 4.69
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 13.26 26.73
EBIT Growth (1y) % EBIT 1y % (Qtr) 8.64 12.80
EBT Growth (1y) % EBT 1y % (Qtr) 8.82 21.27
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 22.42
FCF Growth (1y) % FCF 1y % (Qtr) -79.69 54.29
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 10.47 39.11
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 2.10 1.45
Cash Payout Ratio Cash Payout (Qtr) 0.00 -0.01
Cash Ratio Cash Ratio (Qtr) 3.34 1.45
Current Ratio Curr Ratio (Qtr) 5.80 2.16
Debt to Equity Ratio Debt/Equity (Qtr) 0.06 -0.06
Interest Cover Ratio Int Coverage (Qtr) 231.07 -2.22
Times Interest Earned Times Interest Earned (Qtr) 231.07 -2.22
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 4.40 -121.98
EBIT Margin % EBIT Margin % (Qtr) 3.80 -136.76
EBT Margin % EBT Margin % (Qtr) 3.79 -144.54
Gross Margin % Gross Margin % (Qtr) 6.40 32.87
Net Profit Margin % Net Margin % (Qtr) 2.70 -139.89