Lakeside Holding Ltd (NASDAQ: LSH)

Sector: Industrials Industry: Integrated Freight & Logistics CIK: 0001996192
Market Cap 4.92 Mn
P/B 0.71
P/E -0.93
P/S 0.25
ROIC (Qtr) -45.76
Div Yield % 0.00
Rev 1y % (Qtr) 49.45
Total Debt (Qtr) 5.82 Mn
Debt/Equity (Qtr) 0.84
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About

Investment thesis

Bull case

  • Strong tangible asset base of 18.29M provides 3.14x coverage of total debt 5.82M, indicating robust asset backing and low credit risk.
  • Tangible assets of 18.29M provide exceptional 545.52x coverage of deferred revenue 33530, showing strong service capability backing.
  • Strong free cash flow of (5.38M) provides 8.12x coverage of acquisition spending (662897), indicating disciplined M&A strategy.
  • Robust tangible asset base of 18.29M provides 3.55x coverage of working capital 5.16M, indicating strong operational backing.
  • Tangible assets of 18.29M provide robust 6.08x coverage of other current liabilities 3.01M, indicating strong asset backing.

Bear case

  • Cash reserves of 4.54M provide limited coverage of acquisition spending of (662897), which is -6.85x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of (5.27M) provides insufficient coverage of deferred revenue obligations of 33530, which is -157.14x, raising concerns about future service delivery capabilities.
  • High receivables of 4.59M relative to inventory of 131986 (34.78 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Free cash flow of (5.38M) provides weak coverage of capital expenditures of 112625, with a -47.78 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (5.27M) provides minimal -21.22x coverage of tax expenses of 248286, suggesting potential tax planning inefficiencies or unsustainable tax positions.

Product and Service Breakdown of Revenue (2025)

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Integrated Freight & Logistics
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 FDX Fedex Corp 99.67 Bn 20.28 1.11 37.77 Bn
2 UPS United Parcel Service Inc 98.11 Bn 17.61 1.11 28.59 Bn
3 JBHT Hunt J B Transport Services Inc 28.29 Bn 145.14 7.91 1.60 Bn
4 EXPD Expeditors International Of Washington Inc 22.29 Bn 27.40 2.13 0.56 Bn
5 CHRW C. H. Robinson Worldwide, Inc. 21.34 Bn 36.35 1.31 1.43 Bn
6 ZTO ZTO Express (Cayman) Inc. 20.15 Bn 16.23 3.02 1.74 Bn
7 GXO GXO Logistics, Inc. 7.46 Bn 83.79 0.58 5.50 Bn
8 LSTR Landstar System Inc 5.11 Bn 28.60 1.06 0.13 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.50 1.04
EV to Cash from Ops. EV/CFO -1.76 -0.78
EV to Debt EV to Debt 1.59 -1.98
EV to EBIT EV/EBIT -2.08 10.54
EV to EBITDA EV/EBITDA -3.74 9.04
EV to Free Cash Flow [EV/FCF] EV/FCF -1.72 -2.76
EV to Market Cap EV to Market Cap 1.88 0.62
EV to Revenue EV/Rev 0.47 -0.31
Price to Book Value [P/B] P/B 0.71 4.96
Price to Earnings [P/E] P/E -0.93 15.82
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.95
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 14.92
Dividend per Basic Share Div per Share (Qtr) 0.00 0.73
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 11.81
Interest Coverage Int. cover (Qtr) -7.81 -430.42
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % -194.22 -2,938.62
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 65.72 139.78
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.23
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -309.36 -442.31
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -2,606.02 -224.47
EBIT Growth (1y) % EBIT 1y % (Qtr) -297.76 -367.92
EBT Growth (1y) % EBT 1y % (Qtr) -307.41 -191.62
EPS Growth (1y) % EPS 1y % (Qtr) -252.94 -974.30
FCF Growth (1y) % FCF 1y % (Qtr) -250.56 -67.17
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -3.52 1.66
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.06 1.29
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.07
Cash Ratio Cash Ratio (Qtr) 0.46 0.97
Current Ratio Curr Ratio (Qtr) 1.52 3.22
Debt to Equity Ratio Debt/Equity (Qtr) 0.84 1.06
Interest Cover Ratio Int Coverage (Qtr) -7.81 -430.42
Times Interest Earned Times Interest Earned (Qtr) -7.81 -430.42
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -10.20 17.62
EBIT Margin % EBIT Margin % (Qtr) -22.47 24.68
EBT Margin % EBT Margin % (Qtr) -25.34 18.38
Gross Margin % Gross Margin % (Qtr) 17.50 20.25
Net Profit Margin % Net Margin % (Qtr) -26.60 31.04