Nextnav Inc. (NASDAQ: NN)

Sector: Technology Industry: Software - Infrastructure CIK: 0001865631
P/B -99.14
P/E -14.28
P/S 395.88
Market Cap 2.19 Bn
ROIC (Qtr) -28.64
Div Yield % 0.00
Rev 1y % (Qtr) -44.80
Total Debt (Qtr) 245.81 Mn
Debt/Equity (Qtr) -11.11

About

Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 89.99M provide 32.52x coverage of short-term debt 2.77M, demonstrating strong liquidity position and minimal refinancing risk.
  • Tangible assets of 201.59M provide exceptional 477.69x coverage of deferred revenue 422000, showing strong service capability backing.
  • Tangible assets of 201.59M provide robust 17.79x coverage of other current liabilities 11.33M, indicating strong asset backing.
  • Short-term investments of 77.58M provide solid 6.85x coverage of other current liabilities 11.33M, indicating strong liquidity.
  • Retained earnings of (983.40M) represent substantial 44.46x of equity (22.12M), indicating strong internal capital generation.

Cons

  • Operating cash flow of (46.62M) barely covers its investment activities of (56.77M), with a coverage ratio of 0.82, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (56.77M) provide weak support for R&D spending of 17.93M, which is -3.17x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (46.62M) provides insufficient coverage of deferred revenue obligations of 422000, which is -110.46x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (46.62M) shows concerning coverage of stock compensation expenses of 15.23M, with a -3.06 ratio indicating potential earnings quality issues.
  • Free cash flow of (46.85M) provides weak coverage of capital expenditures of 233000, with a -201.07 ratio suggesting additional external financing needs for growth initiatives.

Peer Comparison

Companies in the Software - Infrastructure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 MSFT Microsoft Corp 3,542.10 Bn 33.76 12.06 60.56 Bn
2 ORCL Oracle Corp 533.93 Bn 34.61 8.75 124.39 Bn
3 PLTR Palantir Technologies Inc. 437.56 Bn 399.47 112.31 0.24 Bn
4 PANW Palo Alto Networks Inc 125.16 Bn 112.03 13.10 0.35 Bn
5 CRWD CrowdStrike Holdings, Inc. 120.85 Bn -384.67 26.47 0.82 Bn
6 SNPS Synopsys Inc 71.69 Bn 35.89 11.14 15.14 Bn
7 NET Cloudflare, Inc. 67.84 Bn -658.43 33.70 3.50 Bn
8 FTNT Fortinet, Inc. 63.33 Bn 33.80 9.66 1.00 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 9.11 2.56
EV to Cash from Ops. -51.41 38.32
EV to Debt 9.75 -11.37
EV to EBIT -16.91 -12.79
EV to EBITDA -39.15 7.72
EV to Free Cash Flow [EV/FCF] -51.15 24.22
EV to Market Cap 1.09 0.58
EV to Revenue 432.67 -35.00
Price to Book Value [P/B] -99.14 3.74
Price to Earnings [P/E] -14.28 -18.61

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 -0.30
Dividend Payout Ratio % 0.00 2.69
Dividend per Basic Share 0.00 0.10
FCF Dividend Payout Ratio % 0.00 1.67
Interest Coverage -12.19 -13.15

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 40.56 -404.11
Cash and Equivalents Growth (1y) % 32.53 226.02
Dividend Growth (1y) % 0.00 -0.27
EBIAT Growth (1y) % -83.76 31.15
EBITDA Growth (1y) % -1.90 49.02
EBIT Growth (1y) % -83.97 25.85
EBT Growth (1y) % -78.75 17.82
EPS Growth (1y) % -57.33 70.69
FCF Growth (1y) % -25.65 295.45
Gross Profit Growth (1y) % 46.23 49.96

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.02 0.68
Cash Payout Ratio 0.00 0.02
Cash Ratio 6.03 1.21
Current Ratio 11.54 2.57
Debt to Equity Ratio -11.11 -0.93
Interest Cover Ratio -12.19 -13.15
Times Interest Earned -12.19 -13.15

Profitability

Metric Value Industry Percentile
EBITDA Margin % -2,420.80 -544.82
EBIT Margin % -2,559.09 -197.78
EBT Margin % -2,769.09 -602.74
Gross Margin % -64.60 52.06
Net Profit Margin % -2,772.40 -605.52