XCF Global, Inc. (NASDAQ: SAFX)

Sector: Utilities Industry: Utilities - Renewable CIK: 0002019793
Market Cap 26.59 Mn
P/B 5.10
P/E -0.21
P/S 1.65
ROIC (Qtr) -16.73
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 267.07 Mn
Debt/Equity (Qtr) 51.21
Add ratio to table...

About

Investment thesis

Bull case

  • Tangible assets of 408.72M provide robust 7.18x coverage of other current liabilities 56.89M, indicating strong asset backing.
  • Strong free cash flow of 10.67M provides 48.30x coverage of acquisition spending 220897, indicating disciplined M&A strategy.
  • Strong tangible asset base of 408.72M provides 1850.29x coverage of acquisition spending 220897, enabling strategic growth.
  • Cash reserves of 884484 provide ample 4x coverage of acquisition spending 220897, enabling strategic growth opportunities.
  • Free cash flow of 10.67M provides solid 0.81x coverage of operating expenses 13.20M, showing operational efficiency.

Bear case

  • Operating cash flow of (800188) barely covers its investment activities of 11.69M, with a coverage ratio of -0.07, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • With cash reserves of 884484 against inventory of 4.41M, the 0.20 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • The company's operating cash flow of (800188) shows concerning coverage of stock compensation expenses of 5.41M, with a -0.15 ratio indicating potential earnings quality issues.
  • High receivables of 21.99M relative to inventory of 4.41M (4.98 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Free cash flow of 10.67M provides weak coverage of capital expenditures of (11.47M), with a -0.93 ratio suggesting additional external financing needs for growth initiatives.

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 0.92 0.82
EV to Cash from Ops. EV/CFO -468.96 3.77
EV to Debt EV to Debt 1.41 -7.57
EV to EBIT EV/EBIT -3.17 18.11
EV to EBITDA EV/EBITDA -8.13 5.59
EV to Free Cash Flow [EV/FCF] EV/FCF 35.17 -9.43
EV to Market Cap EV to Market Cap 14.11 -1.15
EV to Revenue EV/Rev 23.27 -22.88
Price to Book Value [P/B] P/B 5.10 2.64
Price to Earnings [P/E] P/E -0.21 1.37
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -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) -13.66 -4.73
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -28.24 -691.81
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -82.50 37.74
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.15
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -851.00 -300.29
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -392.98 -47.88
EBIT Growth (1y) % EBIT 1y % (Qtr) -832.73 -76.46
EBT Growth (1y) % EBT 1y % (Qtr) -898.23 -85.90
EPS Growth (1y) % EPS 1y % (Qtr) 6,700.00 398.06
FCF Growth (1y) % FCF 1y % (Qtr) 526.91 1,637.76
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 239.45 93.44
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.04 0.35
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.00 1.83
Current Ratio Curr Ratio (Qtr) 0.11 2.29
Debt to Equity Ratio Debt/Equity (Qtr) 51.21 0.89
Interest Cover Ratio Int Coverage (Qtr) -13.66 -4.73
Times Interest Earned Times Interest Earned (Qtr) -13.66 -4.73
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -734.30 -241.05
EBIT Margin % EBIT Margin % (Qtr) -734.26 -107.41
EBT Margin % EBT Margin % (Qtr) -788.01 -407.45
Gross Margin % Gross Margin % (Qtr) 25.00 9.67
Net Profit Margin % Net Margin % (Qtr) -788.00 -408.25