Singularity Future Technology Ltd. (NASDAQ: SGLY)

Sector: Industrials Industry: Integrated Freight & Logistics CIK: 0001422892
Market Cap 1.50 Mn
P/B 0.32
P/E -0.12
P/S 1.16
ROIC (Qtr) -55.01
Div Yield % 0.00
Rev 1y % (Qtr) -68.91
Total Debt (Qtr) 59,144.00
Debt/Equity (Qtr) 0.01
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About

Singularity Future Technology Ltd. (SGLY) is a global logistics integrated solution provider that operates in the highly competitive logistics industry. The company, which is commonly referred to as SGLY, was founded in the United States in 2001 and has since expanded its business to provide a range of services, including freight logistics, warehouse services, and other logistical support. SGLY's main business activities revolve around providing freight logistics services, warehouse services, and other logistical support to steel companies, manufacturers,...

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Investment thesis

Bull case

  • Healthy cash reserves of 13.08M provide 221.22x coverage of short-term debt 59144, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 21.62M provides 365.58x coverage of total debt 59144, indicating robust asset backing and low credit risk.
  • Tangible assets of 21.62M provide exceptional 473.22x coverage of deferred revenue 45691, showing strong service capability backing.
  • Cash reserves of 13.08M provide ample 120.77x coverage of acquisition spending 108331, enabling strategic growth opportunities.
  • Cash position of 13.08M provides exceptional 20.71x coverage of minority interest expenses 631796, indicating strong liquidity.

Bear case

  • Operating cash flow of (12.97M) barely covers its investment activities of 108331, with a coverage ratio of -119.71, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Operating cash flow of (12.97M) provides insufficient coverage of deferred revenue obligations of 45691, which is -283.83x, raising concerns about future service delivery capabilities.
  • Operating cash flow of (12.97M) provides minimal -428.99x coverage of tax expenses of 30230, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Free cash flow of (12.97M) represents just -2.84x of debt issuance 4.57M, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Operating cash flow of (12.97M) shows concerning coverage of minority interest expenses of 631796, which is -20.53x, suggesting complex corporate structure risks.

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Integrated Freight & Logistics
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 FDX Fedex Corp 99.67 Bn 20.28 1.11 37.77 Bn
2 UPS United Parcel Service Inc 98.11 Bn 17.61 1.11 28.59 Bn
3 JBHT Hunt J B Transport Services Inc 28.29 Bn 145.14 7.91 1.60 Bn
4 EXPD Expeditors International Of Washington Inc 22.29 Bn 27.40 2.13 0.56 Bn
5 CHRW C. H. Robinson Worldwide, Inc. 21.34 Bn 36.35 1.31 1.43 Bn
6 ZTO ZTO Express (Cayman) Inc. 20.15 Bn 16.23 3.02 1.74 Bn
7 GXO GXO Logistics, Inc. 7.46 Bn 83.79 0.58 5.50 Bn
8 LSTR Landstar System Inc 5.11 Bn 28.60 1.06 0.13 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets -0.72 1.04
EV to Cash from Ops. EV/CFO 1.21 -0.78
EV to Debt EV to Debt -264.68 -1.98
EV to EBIT EV/EBIT 1.26 10.54
EV to EBITDA EV/EBITDA 7.11 9.04
EV to Free Cash Flow [EV/FCF] EV/FCF 1.21 -2.76
EV to Market Cap EV to Market Cap -10.43 0.62
EV to Revenue EV/Rev -12.11 -0.31
Price to Book Value [P/B] P/B 0.32 4.96
Price to Earnings [P/E] P/E -0.12 15.82
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.95
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 14.92
Dividend per Basic Share Div per Share (Qtr) 0.00 0.73
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 11.81
Interest Coverage Int. cover (Qtr) -36.86 -430.42
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -2,938.62
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -28.37 139.78
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.23
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -314.58 -442.31
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 40.16 -224.47
EBIT Growth (1y) % EBIT 1y % (Qtr) -313.60 -367.92
EBT Growth (1y) % EBT 1y % (Qtr) -324.82 -191.62
EPS Growth (1y) % EPS 1y % (Qtr) -325.00 -974.30
FCF Growth (1y) % FCF 1y % (Qtr) -790.93 -67.17
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 148.89 1.66
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.06 1.29
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.07
Cash Ratio Cash Ratio (Qtr) 0.75 0.97
Current Ratio Curr Ratio (Qtr) 1.23 3.22
Debt to Equity Ratio Debt/Equity (Qtr) 0.01 1.06
Interest Cover Ratio Int Coverage (Qtr) -36.86 -430.42
Times Interest Earned Times Interest Earned (Qtr) -36.86 -430.42
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -961.60 17.62
EBIT Margin % EBIT Margin % (Qtr) -959.01 24.68
EBT Margin % EBT Margin % (Qtr) -985.02 18.38
Gross Margin % Gross Margin % (Qtr) 23.30 20.25
Net Profit Margin % Net Margin % (Qtr) -987.40 31.04