Odysight.ai Inc. (NASDAQ: ODYS)

Sector: Technology Industry: Scientific & Technical Instruments CIK: 0001577445
Market Cap 48.94 Mn
P/B 1.68
P/E -3.00
P/S 12.61
ROIC (Qtr) -55.03
Div Yield % 0.00
Rev 1y % (Qtr) -88.47
Total Debt (Qtr) 844,000.00
Debt/Equity (Qtr) 0.03

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 29.81M provide 55.73x coverage of short-term debt 535000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 32.91M provides 39x coverage of total debt 844000, indicating robust asset backing and low credit risk.
  • Tangible assets of 32.91M provide robust 14.22x coverage of other current liabilities 2.31M, indicating strong asset backing.
  • Cash reserves of 29.81M provide solid 104.24x coverage of other non-current liabilities 286000, indicating strong liquidity.
  • Strong cash position of 29.81M provides 12.88x coverage of other current liabilities 2.31M, indicating excellent liquidity.

Bear case

  • Investment activities of (56000) provide weak support for R&D spending of 9.50M, which is -0.01x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (12.52M) shows concerning coverage of stock compensation expenses of 3.45M, with a -3.63 ratio indicating potential earnings quality issues.
  • Free cash flow of (12.57M) provides weak coverage of capital expenditures of 56000, with a -224.50 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (16.31M) show weak coverage of depreciation charges of 119000, with a -137.08 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (12.52M) is outpaced by equity issuance of 21.02M (-0.60 ratio), indicating concerning reliance on equity markets for funding operations.

Peer comparison

Companies in the Scientific & Technical Instruments
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GRMN Garmin Ltd 38.77 Bn 24.68 5.58 0.16 Bn
2 KEYS Keysight Technologies, Inc. 34.91 Bn 41.07 6.49 2.78 Bn
3 COHR Coherent Corp. 28.91 Bn 244.51 4.78 3.51 Bn
4 TDY Teledyne Technologies Inc 23.87 Bn 29.19 3.98 2.53 Bn
5 TRMB Trimble Inc. 19.54 Bn 54.65 5.43 1.39 Bn
6 FTV Fortive Corp 18.68 Bn 31.02 3.31 3.31 Bn
7 MKSI Mks Inc 10.78 Bn 38.63 2.81 4.55 Bn
8 CGNX Cognex Corp 6.14 Bn 55.76 6.32 0.08 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.50 2.20
EV to Cash from Ops. EV/CFO -1.33 9.84
EV to Debt EV to Debt 19.69 22.70
EV to EBIT EV/EBIT -1.02 15.74
EV to EBITDA EV/EBITDA -0.96 11.58
EV to Free Cash Flow [EV/FCF] EV/FCF -1.32 24.79
EV to Market Cap EV to Market Cap 0.34 -2.78
EV to Revenue EV/Rev 4.28 6.45
Price to Book Value [P/B] P/B 1.68 7.12
Price to Earnings [P/E] P/E -3.00 13.89
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -16.40
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -7.19
Dividend per Basic Share Div per Share (Qtr) 0.00 0.31
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 6.83
Interest Coverage Int. cover (Qtr) 0.00 -13.61
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 1.75 -21.70
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 40.47 101.63
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.97
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -70.77 19.84
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -65.70 17.31
EBIT Growth (1y) % EBIT 1y % (Qtr) -70.77 20.90
EBT Growth (1y) % EBT 1y % (Qtr) -70.77 82.68
EPS Growth (1y) % EPS 1y % (Qtr) -27.91 65.55
FCF Growth (1y) % FCF 1y % (Qtr) -52.39 32.88
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -34.60 34.27
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.12 0.49
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.05
Cash Ratio Cash Ratio (Qtr) 9.30 2.99
Current Ratio Curr Ratio (Qtr) 9.78 4.83
Debt to Equity Ratio Debt/Equity (Qtr) 0.03 0.67
Interest Cover Ratio Int Coverage (Qtr) 0.00 -13.61
Times Interest Earned Times Interest Earned (Qtr) 0.00 -13.61
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -417.30 -296.15
EBIT Margin % EBIT Margin % (Qtr) -420.41 -316.09
EBT Margin % EBT Margin % (Qtr) -420.41 -351.37
Gross Margin % Gross Margin % (Qtr) 29.80 40.05
Net Profit Margin % Net Margin % (Qtr) -420.40 -354.10