PicoCELA Inc. (NASDAQ: PCLA)

Sector: Communication Services Industry: Telecom Services CIK: 0002018462
Market Cap 4.58 Mn
P/B 1.46
P/E -1.09
P/S 1.26
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 1.88 Mn
Debt/Equity (Qtr) 0.60
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About

Investment thesis

Bull case

  • Strong tangible asset base of 6.95M provides 3.69x coverage of total debt 1.88M, indicating robust asset backing and low credit risk.
  • Cash reserves of 3.58M provide solid 3.82x coverage of other non-current liabilities 936153.85, indicating strong liquidity.
  • Tangible assets of 6.95M provide robust 5.35x coverage of other current liabilities 1.30M, indicating strong asset backing.
  • Cash reserves of 3.58M provide robust 1.15x coverage of current liabilities 3.11M, indicating strong short-term solvency.
  • Strong cash position of 3.58M provides 2.75x coverage of other current liabilities 1.30M, indicating excellent liquidity.

Bear case

  • The company's operating cash flow of (3.64M) shows concerning coverage of stock compensation expenses of 34869.57, with a -104.36 ratio indicating potential earnings quality issues.
  • Free cash flow of (3.83M) provides weak coverage of capital expenditures of 189551.84, with a -20.20 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (4.07M) show weak coverage of depreciation charges of 240602.01, with a -16.93 ratio indicating high capital intensity and potential reinvestment needs.
  • High financing cash flow of 4.47M relative to working capital of 3.53M, which is 1.27x suggests concerning dependence on external funding for operational needs.
  • Operating cash flow of (3.64M) is outpaced by equity issuance of 8.30M (-0.44 ratio), indicating concerning reliance on equity markets for funding operations.

Peer comparison

Companies in the Telecom Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TMUS T-Mobile US, Inc. 247.58 Bn 22.52 2.80 118.74 Bn
2 T At&T Inc. 210.50 Bn 12.86 1.15 155.04 Bn
3 VZ Verizon Communications Inc 202.20 Bn 11.00 1.54 181.64 Bn
4 CMCSA Comcast Corp 180.83 Bn 58.43 5.08 98.94 Bn
5 VOD Vodafone Group Public Ltd Co 44.88 Bn 3.20 0.62 60.54 Bn
6 CHT Chunghwa Telecom Co Ltd 33.41 Bn 26.87 4.32 1.20 Bn
7 SATS EchoStar CORP 32.60 Bn -2.52 2.15 30.58 Bn
8 CHTR Charter Communications, Inc. /Mo/ 32.03 Bn 6.42 0.58 96.20 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets -0.86 0.87
EV to Cash from Ops. EV/CFO 1.73 7.73
EV to Debt EV to Debt -3.34 40.31
EV to EBIT EV/EBIT 1.54 2.24
EV to EBITDA EV/EBITDA 1.66 2.53
EV to Free Cash Flow [EV/FCF] EV/FCF 1.64 33.34
EV to Market Cap EV to Market Cap -1.37 1.71
EV to Revenue EV/Rev -1.73 5.12
Price to Book Value [P/B] P/B 1.46 2.16
Price to Earnings [P/E] P/E -1.09 76.35
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -0.17
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 2.05
Dividend per Basic Share Div per Share (Qtr) 0.00 0.79
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 8.04
Interest Coverage Interest Coverage -34.97 -2.53
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % -43.37 19.27
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 11.46 61.85
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -2.07
EBIAT Growth (1y) % EBIAT Growth (1y) % -29.11 373.65
EBITDA Growth (1y) % EBITDA Growth (1y) % -29.43 192.47
EBIT Growth (1y) % EBIT Growth (1y) % -29.11 814.56
EBT Growth (1y) % EBT Growth (1y) % -24.22 -29.03
EPS Growth (1y) % EPS Growth (1y) % 51.26 141.81
FCF Growth (1y) % FCF Growth (1y) % -108.23 78.17
Gross Profit Growth (1y) % Gross Profit Growth (1y) % -34.64 -10.71
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 0.00 0.60
Cash Payout Ratio Cash Payout Ratio 0.00 0.06
Cash Ratio Cash Ratio (Qtr) 1.15 0.68
Current Ratio Curr Ratio (Qtr) 2.13 1.56
Debt to Equity Ratio Debt/Equity (Qtr) 0.60 -0.46
Interest Cover Ratio Interest Cover Ratio -34.97 -2.53
Times Interest Earned Times Interest Earned -34.97 -2.53
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % -105.20 46.49
EBIT Margin % EBIT Margin % -16,712.36 -51.60
EBT Margin % EBT Margin % -114.99 27.73
Gross Margin % Gross Margin % 53.40 55.49
Net Profit Margin % Net Profit Margin % -115.00 26.33