Nextnrg, Inc. (NASDAQ: NXXT)

Sector: Utilities Industry: Utilities - Renewable CIK: 0001817004
Market Cap 27.51 Mn
P/B -1.68
P/E -0.44
P/S 0.42
ROIC (Qtr) -361.24
Div Yield % 0.00
Rev 1y % (Qtr) 227.23
Total Debt (Qtr) 27.00 Mn
Debt/Equity (Qtr) -1.65
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About

EzFill Holdings Inc., also known as EZFL, is a company that operates in the on-demand fuel delivery industry, specifically in South Florida. The company is unique in that it combines on-demand fills and subscription services for various markets, including consumers, fleets, marine, and other specialty markets. EzFill's main business activities involve providing gas delivery services to individual consumers, commercial entities, and specialty vehicle markets through its mobile fueling trucks. EzFill generates revenue through its mobile fueling services,...

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Investment thesis

Bull case

  • Operating cash flow of (15.24M) provides exceptional 16.42x coverage of minority interest expenses (928386), showing strong core operations.
  • Retained earnings of (127.17M) represent substantial 7.78x of equity (16.34M), indicating strong internal capital generation.
  • Tangible assets of 19.65M provide robust 10.66x coverage of other current liabilities 1.84M, indicating strong asset backing.
  • Cash reserves of 880734 exceed inventory value of 340018 by 2.59x, indicating strong liquidity and inventory management.
  • Tangible assets of 19.65M provide robust 7.17x coverage of receivables 2.74M, showing strong asset quality.

Bear case

  • The company's operating cash flow of (15.24M) shows concerning coverage of stock compensation expenses of 33.04M, with a -0.46 ratio indicating potential earnings quality issues.
  • High receivables of 2.74M relative to inventory of 340018 (8.05 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Free cash flow of (17.58M) provides weak coverage of capital expenditures of 2.34M, with a -7.52 ratio suggesting additional external financing needs for growth initiatives.
  • Free cash flow of (17.58M) represents just -6.86x of debt issuance 2.56M, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Operating cash flow of (15.24M) barely covers operating expenses of 2.10M with a -7.27 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Utilities - Renewable
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 CEG Constellation Energy Corp 98.92 Bn 153.61 4.71 9.04 Bn
2 ENLT Enlight Renewable Energy Ltd. 9.32 Bn 66.03 14.79 5.54 Bn
3 BEP Brookfield Renewable Partners L.P. 9.20 Bn -37.24 1.46 39.66 Bn
4 ORA Ormat Technologies, Inc. 5.64 Bn 146.14 14.39 2.75 Bn
5 CWEN Clearway Energy, Inc. 4.62 Bn 184.82 3.85 9.22 Bn
6 FLNC Fluence Energy, Inc. 2.37 Bn -45.59 0.93 0.39 Bn
7 RNW ReNew Energy Global plc 1.93 Bn 14.53 1.21 9.22 Bn
8 XIFR XPLR Infrastructure, LP 1.00 Bn -35.67 0.84 6.20 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 2.77 0.82
EV to Cash from Ops. EV/CFO -3.57 3.77
EV to Debt EV to Debt 2.01 -7.57
EV to EBIT EV/EBIT -1.09 18.11
EV to EBITDA EV/EBITDA -1.12 5.59
EV to Free Cash Flow [EV/FCF] EV/FCF -3.09 -9.43
EV to Market Cap EV to Market Cap 1.98 -1.15
EV to Revenue EV/Rev 0.83 -22.88
Price to Book Value [P/B] P/B -1.68 2.64
Price to Earnings [P/E] P/E -0.44 1.37
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -91.03 -4.71
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -0.74
Dividend per Basic Share Div per Share (Qtr) 0.00 0.32
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 12.62
Interest Coverage Int. cover (Qtr) -4.10 -4.73
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -13,303.95 -691.81
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.40 37.74
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.15
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -361.72 -300.29
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -497.28 -47.88
EBIT Growth (1y) % EBIT 1y % (Qtr) -361.72 -76.46
EBT Growth (1y) % EBT 1y % (Qtr) -176.94 -85.90
EPS Growth (1y) % EPS 1y % (Qtr) 60.38 398.06
FCF Growth (1y) % FCF 1y % (Qtr) -197.52 1,637.76
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 162.13 93.44
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 3.34 0.35
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.03 1.83
Current Ratio Curr Ratio (Qtr) 0.13 2.29
Debt to Equity Ratio Debt/Equity (Qtr) -1.65 0.89
Interest Cover Ratio Int Coverage (Qtr) -4.10 -4.73
Times Interest Earned Times Interest Earned (Qtr) -4.10 -4.73
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -76.10 -241.05
EBIT Margin % EBIT Margin % (Qtr) -75.81 -107.41
EBT Margin % EBT Margin % (Qtr) -94.28 -407.45
Gross Margin % Gross Margin % (Qtr) 8.00 9.67
Net Profit Margin % Net Margin % (Qtr) -95.30 -408.25