Mobix Labs, Inc (NASDAQ: MOBX)

Sector: Technology Industry: Semiconductors CIK: 0001855467
Market Cap 10.96 Mn
P/B -32.62
P/E -0.24
P/S 1.11
ROIC (Qtr) -612.57
Div Yield % 0.00
Rev 1y % (Qtr) -36.29
Total Debt (Qtr) 6.56 Mn
Debt/Equity (Qtr) -19.51

About

Mobix Labs, Inc., recognized by its ticker symbol MOBX, is a technology company that specializes in energy efficiency and sustainability. Its primary business operations revolve around the innovation, development, and commercialization of technologies that facilitate efficient energy use and minimize carbon emissions. The company is a significant player in a rapidly evolving industry that seeks to address the global challenge of climate change and the need for sustainable energy solutions. Mobix Labs operates in the technology industry, with a...

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Price action

Investment thesis

Bull case

  • Robust free cash flow of (10.11M) exceeds capital expenditure of (1000) by 10112x, indicating strong organic growth funding capability.
  • Retained earnings of (150.59M) represent substantial 448.18x of equity (336000), indicating strong internal capital generation.
  • Cash reserves of 3.27M provide comfortable 10.20x coverage of tax obligations 321000, showing strong fiscal management.
  • Operating cash flow of (10.11M) provides strong 10113x coverage of capital expenditure (1000), enabling organic growth.
  • Cash reserves of 3.27M exceed inventory value of 1.44M by 2.28x, indicating strong liquidity and inventory management.

Bear case

  • Operating cash flow of (10.11M) barely covers its investment activities of 1000, with a coverage ratio of -10113, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 1000 provide weak support for R&D spending of 2.42M, which is 0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (10.11M) shows concerning coverage of stock compensation expenses of 25.62M, with a -0.39 ratio indicating potential earnings quality issues.
  • Operating cash flow of (10.11M) provides minimal -1444.71x coverage of tax expenses of 7000, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Operating earnings of (43.80M) show weak coverage of depreciation charges of 2.06M, with a -21.28 ratio indicating high capital intensity and potential reinvestment needs.

Geographical Breakdown of Revenue (2025)

Product and Service Breakdown of Revenue (2025)

Peer comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,120.22 Bn 6,867.04 847.78 10.48 Bn
2 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,782.57 Bn 362.79 138.75 31.18 Bn
3 AVGO Broadcom Inc. 1,393.11 Bn 119.76 35.84 65.14 Bn
4 MU Micron Technology Inc 453.24 Bn 657.82 30.76 12.43 Bn
5 AMD Advanced Micro Devices Inc 338.42 Bn 78.07 9.77 3.85 Bn
6 TXN Texas Instruments Inc 225.71 Bn 66.70 17.17 14.05 Bn
7 INTC Intel Corp 225.13 Bn -843.17 4.26 46.59 Bn
8 QCOM Qualcomm Inc/De 147.37 Bn 27.47 3.28 14.82 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.44 4.15
EV to Cash from Ops. EV/CFO -1.62 -405.91
EV to Debt EV to Debt 2.50 81.67
EV to EBIT EV/EBIT -0.37 -94.01
EV to EBITDA EV/EBITDA -0.46 112.02
EV to Free Cash Flow [EV/FCF] EV/FCF -1.62 103.01
EV to Market Cap EV to Market Cap 1.50 0.77
EV to Revenue EV/Rev 1.65 36.18
Price to Book Value [P/B] P/B -32.62 24.05
Price to Earnings [P/E] P/E -0.24 97.65
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 2.38
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 3.97
Dividend per Basic Share Div per Share (Qtr) 0.00 0.63
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 21.06
Interest Coverage Int. cover (Qtr) -18.84 8.98
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 102.27 -149.31
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 1,130.45 70.06
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 5.42
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -135.22 51.85
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 19.70 91.14
EBIT Growth (1y) % EBIT 1y % (Qtr) -109.76 36.72
EBT Growth (1y) % EBT 1y % (Qtr) -105.33 30.25
EPS Growth (1y) % EPS 1y % (Qtr) -38.36 49.61
FCF Growth (1y) % FCF 1y % (Qtr) 45.14 281.55
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 96.20 37.25
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.27 0.50
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.09
Cash Ratio Cash Ratio (Qtr) 0.12 2.35
Current Ratio Curr Ratio (Qtr) 0.24 5.61
Debt to Equity Ratio Debt/Equity (Qtr) -19.51 -0.02
Interest Cover Ratio Int Coverage (Qtr) -18.84 8.98
Times Interest Earned Times Interest Earned (Qtr) -18.84 8.98
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -421.10 -113.04
EBIT Margin % EBIT Margin % (Qtr) -441.88 -92.05
EBT Margin % EBT Margin % (Qtr) -465.33 -132.99
Gross Margin % Gross Margin % (Qtr) 50.50 47.72
Net Profit Margin % Net Margin % (Qtr) -465.40 -133.93