Nomadar Corp. (NASDAQ: NOMA)

Sector: Consumer Cyclical Industry: Leisure CIK: 0001994214
Market Cap 74.35 Mn
P/B 13.74
P/E -39.17
P/S 83.94
ROIC (Qtr) -20.77
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 1.10 Mn
Debt/Equity (Qtr) 0.20
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About

Investment thesis

Bull case

  • Strong tangible asset base of 10.52M provides 9.60x coverage of total debt 1.10M, indicating robust asset backing and low credit risk.
  • Tangible assets of 10.52M provide exceptional 406.46x coverage of deferred revenue 25878, showing strong service capability backing.
  • Tangible assets of 10.52M provide robust 6.86x coverage of other current liabilities 1.53M, indicating strong asset backing.
  • Cash position of 64540 provides strong 2.49x coverage of deferred revenue 25878, ensuring service delivery capability.
  • Tangible assets of 10.52M provide robust 2.36x coverage of current liabilities 4.46M, showing strong asset backing.

Bear case

  • Operating cash flow of (1.82M) provides insufficient coverage of deferred revenue obligations of 25878, which is -70.15x, raising concerns about future service delivery capabilities.
  • Free cash flow of (1.82M) represents just -2.43x of debt issuance 745805, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Operating cash flow of (1.82M) barely covers operating expenses of 1.68M with a -1.08 ratio, suggesting thin operational efficiency margins and limited flexibility.
  • Cash position of 64540 provides weak coverage of payables of 1.83M, which is 0.04x, indicating potential working capital stress and supplier relationship risks.
  • Tangible assets of 10.52M provide limited backing for working capital of (4.17M), which is -2.52x, suggesting increased operational risk in market downturns.

Peer comparison

Companies in the Leisure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AS Amer Sports, Inc. 22.38 Bn 71.89 3.67 1.87 Bn
2 HAS Hasbro, Inc. 13.30 Bn 46.47 3.26 3.32 Bn
3 PLNT Planet Fitness, Inc. 7.78 Bn 37.79 6.04 2.58 Bn
4 GOLF Acushnet Holdings Corp. 7.40 Bn 80.24 4.75 0.90 Bn
5 LTH Life Time Group Holdings, Inc. 6.29 Bn 21.85 2.16 4.13 Bn
6 MAT Mattel Inc /De/ 5.43 Bn 12.57 1.04 2.59 Bn
7 YETI YETI Holdings, Inc. 3.97 Bn 24.75 2.17 0.22 Bn
8 MSGE Madison Square Garden Entertainment Corp. 2.95 Bn 56.80 2.91 1.20 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 1.19
EV to Cash from Ops. EV to Cash from Ops. 0.00 -6.09
EV to Debt EV to Debt 0.00 14.49
EV to EBIT EV to EBIT 0.00 -159.90
EV to EBITDA EV to EBITDA 0.00 -4.06
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 0.74
EV to Market Cap EV to Market Cap 0.00 -0.64
EV to Revenue EV to Revenue 0.00 4.65
Price to Book Value [P/B] P/B 13.74 4.75
Price to Earnings [P/E] P/E -39.17 12.00
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -0.51
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 3.11
Dividend per Basic Share Div per Share (Qtr) 0.00 0.22
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 6.13
Interest Coverage Int. cover (Qtr) -47.53 -30.68
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -13.50
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 20,324.05 1,190.33
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 13.88
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -101.86 -111.75
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -47.85 -165.31
EBIT Growth (1y) % EBIT 1y % (Qtr) -101.86 -1,562.20
EBT Growth (1y) % EBT 1y % (Qtr) -105.30 -1,555.34
EPS Growth (1y) % EPS 1y % (Qtr) -200.00 -377.44
FCF Growth (1y) % FCF 1y % (Qtr) -707.80 10.93
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 17.65
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.08 0.73
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.07
Cash Ratio Cash Ratio (Qtr) 0.01 3.31
Current Ratio Curr Ratio (Qtr) 0.07 4.80
Debt to Equity Ratio Debt/Equity (Qtr) 0.20 2.35
Interest Cover Ratio Int Coverage (Qtr) -47.53 -30.68
Times Interest Earned Times Interest Earned (Qtr) -47.53 -30.68
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -209.90 -57.55
EBIT Margin % EBIT Margin % (Qtr) -209.90 -65.38
EBT Margin % EBT Margin % (Qtr) -214.32 -69.55
Gross Margin % Gross Margin % (Qtr) 60.50 46.51
Net Profit Margin % Net Margin % (Qtr) -214.30 -74.45