LIGHTBRIDGE Corp (NASDAQ: LTBR)

Sector: Industrials Industry: Electrical Equipment & Parts CIK: 0001084554
Market Cap 269.61 Mn
P/B 1.76
P/E -16.51
P/S 0.00
ROIC (Qtr) -14.88
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Cash reserves of 153.33M provide robust 98.28x coverage of current liabilities 1.56M, indicating strong short-term solvency.
  • Strong tangible asset base of 154.95M provides 1347.61x coverage of intangibles 114982, indicating robust asset quality.
  • Cash position of 153.33M represents healthy 1x of working capital 153.06M, demonstrating strong operational liquidity.
  • Robust R&D investment of 6.71M at 0.56x of SG&A 11.98M demonstrates strong commitment to innovation and future growth.
  • Tangible assets of 154.95M provide robust 99.32x coverage of current liabilities 1.56M, showing strong asset backing.

Bear case

  • Investment activities of (6117) provide weak support for R&D spending of 6.71M, which is -0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (11.94M) shows concerning coverage of stock compensation expenses of 4.62M, with a -2.59 ratio indicating potential earnings quality issues.
  • High financing cash flow of 138.64M relative to working capital of 153.06M, which is 0.91x suggests concerning dependence on external funding for operational needs.
  • Operating cash flow of (11.94M) is outpaced by equity issuance of 143.65M (-0.08 ratio), indicating concerning reliance on equity markets for funding operations.
  • Tangible assets of 154.95M provide limited backing for working capital of 153.06M, which is 1.01x, suggesting increased operational risk in market downturns.

Peer comparison

Companies in the Electrical Equipment & Parts
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 VRT Vertiv Holdings Co 93.00 Bn 69.78 9.09 3.16 Bn
2 BE Bloom Energy Corp 34.73 Bn -392.76 17.16 2.99 Bn
3 HUBB Hubbell Inc 27.97 Bn 31.52 4.78 2.33 Bn
4 NVT nVent Electric plc 19.43 Bn 76.81 8.40 1.56 Bn
5 AYI Acuity Inc. (De) 12.85 Bn 109.95 6.86 0.91 Bn
6 AEIS Advanced Energy Industries Inc 11.80 Bn 79.52 6.56 0.68 Bn
7 NVX NOVONIX Ltd 11.53 Bn -174.00 1,943.36 -
8 ENS EnerSys 6.79 Bn 21.71 1.82 1.18 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.11 3.49
EV to Cash from Ops. EV/CFO -14.38 9.10
EV to Debt EV to Debt 0.00 113.17
EV to EBIT EV/EBIT -10.52 -17.64
EV to EBITDA EV/EBITDA -9.19 3.56
EV to Free Cash Flow [EV/FCF] EV/FCF -14.38 39.13
EV to Market Cap EV to Market Cap 0.64 2.59
EV to Revenue EV/Rev 0.00 77.74
Price to Book Value [P/B] P/B 1.76 4.98
Price to Earnings [P/E] P/E -16.51 23.89
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -2.92
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 3.27
Dividend per Basic Share Div per Share (Qtr) 0.00 0.37
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 1.79
Interest Coverage Int. cover (Qtr) 0.00 -16.86
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -135.37
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 475.67 92.17
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 5.22
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -59.75 -45.52
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -62.67 -56.26
EBIT Growth (1y) % EBIT 1y % (Qtr) -59.75 -64.20
EBT Growth (1y) % EBT 1y % (Qtr) -59.75 8.52
EPS Growth (1y) % EPS 1y % (Qtr) -6.67 13.91
FCF Growth (1y) % FCF 1y % (Qtr) -49.08 -66.58
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 15.53
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.63
Cash Payout Ratio Cash Payout (Qtr) 0.00 -0.10
Cash Ratio Cash Ratio (Qtr) 98.28 3.50
Current Ratio Curr Ratio (Qtr) 99.11 5.07
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.41
Interest Cover Ratio Int Coverage (Qtr) 0.00 -16.86
Times Interest Earned Times Interest Earned (Qtr) 0.00 -16.86
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -1,947.23
EBIT Margin % EBIT Margin % (Qtr) 0.00 -2,051.19
EBT Margin % EBT Margin % (Qtr) 0.00 -2,170.94
Gross Margin % Gross Margin % (Qtr) 0.00 2.02
Net Profit Margin % Net Margin % (Qtr) 0.00 -2,202.04