Scienjoy Holding Corp (NASDAQ: SJ)

Sector: Communication Services Industry: Internet Content & Information CIK: 0001753673
Market Cap 47.60 Mn
P/B 0.28
P/E 19.66
P/S 0.26
ROIC (Qtr) 32.64
Div Yield % 0.00
Rev 1y % (Qtr) -5.75
Total Debt (Qtr) 2.23 Mn
Debt/Equity (Qtr) 0.01

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 35.69M provide 65.13x coverage of short-term debt 547893.26, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 112M provides 50.29x coverage of total debt 2.23M, indicating robust asset backing and low credit risk.
  • Tangible assets of 112M provide exceptional 15.64x coverage of deferred revenue 7.16M, showing strong service capability backing.
  • Cash reserves of 35.69M provide solid 39.59x coverage of other non-current liabilities 901264.04, indicating strong liquidity.
  • Retained earnings of 95.64M provide full 56.96x coverage of long-term debt 1.68M, indicating strong internal capital position.

Bear case

  • Investment activities of 0 provide weak support for R&D spending of 13.12M, which is 0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of 0 provides insufficient coverage of deferred revenue obligations of 7.16M, which is 0x, raising concerns about future service delivery capabilities.
  • Long-term investments of 41M represent a high 16.26x of fixed assets 2.52M, indicating potential overexposure to financial assets versus operational capabilities.
  • Tax assets of 1.02M provide limited offset against tax liabilities of 9.84M, which is 0.10x, indicating potential future cash flow pressure from tax obligations.
  • Operating cash flow of 0 provides minimal 0x coverage of tax expenses of 987500, suggesting potential tax planning inefficiencies or unsustainable tax positions.

Peer comparison

Companies in the Internet Content & Information
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GOOGL Alphabet Inc. 4,538.16 Bn 131.46 27.23 33.71 Bn
2 META Meta Platforms, Inc. 1,747.49 Bn 74.30 23.25 51.06 Bn
3 SPOT Spotify Technology S.A. 103.00 Bn 62.32 5.18 2.57 Bn
4 BIDU Baidu, Inc. 62.73 Bn 49.63 3.42 13.66 Bn
5 RDDT Reddit, Inc. 32.18 Bn 92.16 16.90 0.03 Bn
6 NBIS Nebius Group N.V. 27.81 Bn 127.53 81.80 4.51 Bn
7 TME Tencent Music Entertainment Group 24.66 Bn 15.77 5.54 0.54 Bn
8 PINS Pinterest, Inc. 16.95 Bn 8.53 4.18 0.21 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.10 1.10
EV to Cash from Ops. EV/CFO 1.11 -3.08
EV to Debt EV to Debt 8.29 28.98
EV to EBIT EV/EBIT 5.42 -26.54
EV to EBITDA EV/EBITDA 1.56 9.30
EV to Free Cash Flow [EV/FCF] EV/FCF 1.12 -67.01
EV to Market Cap EV to Market Cap 0.39 0.90
EV to Revenue EV/Rev 0.10 61.25
Price to Book Value [P/B] P/B 0.28 1.56
Price to Earnings [P/E] P/E 19.66 2.92
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.33
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -8.92
Dividend per Basic Share Div per Share (Qtr) 0.00 0.31
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 2.58
Interest Coverage Int. cover (Qtr) 0.00 -202.56
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -24.06
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 16.92 175.36
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.94
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -62.96 31.53
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -472.14
EBIT Growth (1y) % EBIT 1y % (Qtr) -58.69 32.66
EBT Growth (1y) % EBT 1y % (Qtr) -58.78 -25.80
EPS Growth (1y) % EPS 1y % (Qtr) -62.83 -18.36
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 20.83
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 4.30 19.58
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.13 0.74
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 2.46 1.54
Current Ratio Curr Ratio (Qtr) 4.64 3.38
Debt to Equity Ratio Debt/Equity (Qtr) 0.01 -0.39
Interest Cover Ratio Int Coverage (Qtr) 0.00 -202.56
Times Interest Earned Times Interest Earned (Qtr) 0.00 -202.56
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -4,283.87
EBIT Margin % EBIT Margin % (Qtr) 13.19 -4,786.62
EBT Margin % EBT Margin % (Qtr) 1.85 -5,002.12
Gross Margin % Gross Margin % (Qtr) 18.60 58.65
Net Profit Margin % Net Margin % (Qtr) 1.30 -5,003.08