Marwynn Holdings, Inc. (NASDAQ: MWYN)

Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances CIK: 0002030522
Market Cap 12.73 Mn
P/B 4.50
P/E -1.68
P/S 1.59
ROIC (Qtr) -156.47
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 23,643.00
Debt/Equity (Qtr) 0.01
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About

Investment thesis

Bull case

  • Healthy cash reserves of 1.36M provide 57.58x coverage of short-term debt 23643, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 12.14M provides 513.58x coverage of total debt 23643, indicating robust asset backing and low credit risk.
  • Robust tangible asset base of 12.14M provides 6.31x coverage of working capital 1.93M, indicating strong operational backing.
  • Short-term investments of 330000 provide 13.96x coverage of short-term debt 23643, showing strong liquidity management.
  • Cash reserves of 1.36M provide comfortable 7.53x coverage of tax obligations 180775, showing strong fiscal management.

Bear case

  • The company's operating cash flow of (4.93M) shows concerning coverage of stock compensation expenses of 148663, with a -33.14 ratio indicating potential earnings quality issues.
  • Free cash flow of (5M) provides weak coverage of capital expenditures of 68104, with a -73.35 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (7.71M) show weak coverage of depreciation charges of 772758, with a -9.98 ratio indicating high capital intensity and potential reinvestment needs.
  • Tax assets of 2227 provide limited offset against tax liabilities of 180775, which is 0.01x, indicating potential future cash flow pressure from tax obligations.
  • High financing cash flow of 6.81M relative to working capital of 1.93M, which is 3.54x suggests concerning dependence on external funding for operational needs.

Peer comparison

Companies in the Furnishings, Fixtures & Appliances
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SGI Somnigroup International Inc. 18.99 Bn 125.40 7.03 6.62 Bn
2 SN SharkNinja, Inc. 18.48 Bn 32.14 3.04 0.89 Bn
3 MHK Mohawk Industries Inc 8.23 Bn 19.54 0.77 2.34 Bn
4 PATK Patrick Industries Inc 5.10 Bn 175.24 10.70 1.53 Bn
5 WHR Whirlpool Corp /De/ 4.88 Bn 15.36 0.31 7.19 Bn
6 HNI Hni Corp 2.23 Bn 44.66 1.16 0.46 Bn
7 TILE Interface Inc 2.17 Bn 30.23 2.24 0.39 Bn
8 LEG Leggett & Platt Inc 1.59 Bn 5.64 0.39 1.66 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.35 0.98
EV to Cash from Ops. EV/CFO -3.36 -9.92
EV to Debt EV to Debt 700.14 25.70
EV to EBIT EV/EBIT -2.15 17.69
EV to EBITDA EV/EBITDA -2.59 15.96
EV to Free Cash Flow [EV/FCF] EV/FCF -3.31 17.28
EV to Market Cap EV to Market Cap 1.30 1.76
EV to Revenue EV/Rev 2.07 1.40
Price to Book Value [P/B] P/B 4.50 9.34
Price to Earnings [P/E] P/E -1.68 16.89
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.74
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 9.37
Dividend per Basic Share Div per Share (Qtr) 0.00 0.51
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 28.74
Interest Coverage Int. cover (Qtr) -1,429.90 -23.23
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -7.38 -9.80
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 2,148.58 70.23
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -3,934.16 -367.80
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -669.86 -34.93
EBIT Growth (1y) % EBIT 1y % (Qtr) -1,558.76 -198.55
EBT Growth (1y) % EBT 1y % (Qtr) -1,654.90 -72.49
EPS Growth (1y) % EPS 1y % (Qtr) -2,450.00 -131.79
FCF Growth (1y) % FCF 1y % (Qtr) -2,609.44 0.53
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -29.25 -2.36
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.65 1.16
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.13
Cash Ratio Cash Ratio (Qtr) 0.20 0.30
Current Ratio Curr Ratio (Qtr) 1.28 1.96
Debt to Equity Ratio Debt/Equity (Qtr) 0.01 0.57
Interest Cover Ratio Int Coverage (Qtr) -1,429.90 -23.23
Times Interest Earned Times Interest Earned (Qtr) -1,429.90 -23.23
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -86.80 -2.26
EBIT Margin % EBIT Margin % (Qtr) -96.42 -4.46
EBT Margin % EBT Margin % (Qtr) -96.49 -7.49
Gross Margin % Gross Margin % (Qtr) 38.60 33.73
Net Profit Margin % Net Margin % (Qtr) -94.70 -8.04