POWERBANK Corp (NASDAQ: SUUN)

Sector: Utilities Industry: Utilities - Renewable CIK: 0002011053
Market Cap 37.02 Mn
P/B 2.08
P/E -1.32
P/S 1.16
ROIC (Qtr) -56.95
Div Yield % 0.00
Rev 1y % (Qtr) -20.87
Total Debt (Qtr) 52.35 Mn
Debt/Equity (Qtr) 2.95
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About

Investment thesis

Bull case

  • Tangible assets of 81.38M provide exceptional 14.33x coverage of deferred revenue 5.68M, showing strong service capability backing.
  • Robust tangible asset base of 81.38M provides 25.36x coverage of working capital 3.21M, indicating strong operational backing.
  • Long-term investments of 3.24M provide solid 1.01x backing of working capital 3.21M, showing strategic capital allocation.
  • Cash reserves of 11.39M provide ample 11.33x coverage of acquisition spending 1M, enabling strategic growth opportunities.
  • Tangible assets of 81.38M provide robust 13.56x coverage of other current liabilities 6M, indicating strong asset backing.

Bear case

  • Operating cash flow of (11.59M) provides insufficient coverage of deferred revenue obligations of 5.68M, which is -2.04x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (11.59M) shows concerning coverage of stock compensation expenses of 2.64M, with a -4.39 ratio indicating potential earnings quality issues.
  • Free cash flow of (14.42M) provides weak coverage of capital expenditures of 2.82M, with a -5.11 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (28.17M) show weak coverage of depreciation charges of 3.52M, with a -8.01 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (11.59M) barely covers operating expenses of 40.34M with a -0.29 ratio, suggesting thin operational efficiency margins and limited flexibility.

Geographical areas [axis] Breakdown of Revenue (2025)

Major customers [axis] Breakdown of Revenue (2025)

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 0.55 0.82
EV to Cash from Ops. EV/CFO -4.60 3.77
EV to Debt EV to Debt 1.02 -7.57
EV to EBIT EV/EBIT -1.90 18.11
EV to EBITDA EV/EBITDA -1.83 5.59
EV to Free Cash Flow [EV/FCF] EV/FCF -3.70 -9.43
EV to Market Cap EV to Market Cap 1.44 -1.15
EV to Revenue EV/Rev 1.67 -22.88
Price to Book Value [P/B] P/B 2.08 2.64
Price to Earnings [P/E] P/E -1.32 1.37
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 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) -11.37 -4.73
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 68.99 -691.81
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 19.15 37.74
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.15
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -13.42 -300.29
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -106.31 -47.88
EBIT Growth (1y) % EBIT 1y % (Qtr) -63.54 -76.46
EBT Growth (1y) % EBT 1y % (Qtr) -65.89 -85.90
EPS Growth (1y) % EPS 1y % (Qtr) -2.29 398.06
FCF Growth (1y) % FCF 1y % (Qtr) 37.65 1,637.76
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 7.46 93.44
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.24 0.35
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 0.50 1.83
Current Ratio Curr Ratio (Qtr) 1.14 2.29
Debt to Equity Ratio Debt/Equity (Qtr) 2.95 0.89
Interest Cover Ratio Int Coverage (Qtr) -11.37 -4.73
Times Interest Earned Times Interest Earned (Qtr) -11.37 -4.73
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -77.30 -241.05
EBIT Margin % EBIT Margin % (Qtr) -121.05 -107.41
EBT Margin % EBT Margin % (Qtr) -96.13 -407.45
Gross Margin % Gross Margin % (Qtr) 29.20 9.67
Net Profit Margin % Net Margin % (Qtr) -88.00 -408.25