Toppoint Holdings Inc. (NYSE: TOPP)

Sector: Industrials Industry: Trucking CIK: 0001960847
Market Cap 15.06 Mn
P/B 1.64
P/E -2.41
P/S 0.93
ROIC (Qtr) -62.43
Div Yield % 0.00
Rev 1y % (Qtr) 20.29
Total Debt (Qtr) 984,348.00
Debt/Equity (Qtr) 0.11
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About

Investment thesis

Bull case

  • Strong tangible asset base of 10.17M provides 10.33x coverage of total debt 984348, indicating robust asset backing and low credit risk.
  • Long-term investments of 5.25M provide solid 8.61x coverage of long-term debt 609406, indicating strategic financial planning.
  • Robust tangible asset base of 10.17M provides 6.86x coverage of working capital 1.48M, indicating strong operational backing.
  • Long-term investments of 5.25M provide solid 3.54x backing of working capital 1.48M, showing strategic capital allocation.
  • Strong tangible asset base of 10.17M provides 18.92x coverage of intangibles 537742, indicating robust asset quality.

Bear case

  • Operating cash flow of (1.37M) barely covers its investment activities of (7.64M), with a coverage ratio of 0.18, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • The company's operating cash flow of (1.37M) shows concerning coverage of stock compensation expenses of 4.77M, with a -0.29 ratio indicating potential earnings quality issues.
  • Free cash flow of (3.54M) provides weak coverage of capital expenditures of 2.18M, with a -1.63 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (6.12M) show weak coverage of depreciation charges of 1.03M, with a -5.91 ratio indicating high capital intensity and potential reinvestment needs.
  • Long-term investments of 5.25M represent a high 2.15x of fixed assets 2.44M, indicating potential overexposure to financial assets versus operational capabilities.

Peer comparison

Companies in the Trucking
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ODFL Old Dominion Freight Line, Inc. 48.73 Bn 782.67 33.27 0.08 Bn
2 XPO XPO, Inc. 23.75 Bn 75.14 2.91 4.09 Bn
3 SAIA Saia Inc 10.38 Bn 36.60 3.21 0.35 Bn
4 TFII TFI International Inc. 10.05 Bn 32.37 1.27 3.33 Bn
5 KNX Knight-Swift Transportation Holdings Inc. 9.89 Bn 11.13 1.36 3.22 Bn
6 SNDR Schneider National, Inc. 4.98 Bn 12.00 1.10 0.52 Bn
7 ARCB Arcbest Corp /De/ 2.70 Bn 45.25 0.96 0.46 Bn
8 RXO RXO, Inc. 2.51 Bn -25.14 0.44 0.67 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.46 1.82
EV to Cash from Ops. EV/CFO -11.46 30.89
EV to Debt EV to Debt 15.90 334.88
EV to EBIT EV/EBIT -2.56 41.39
EV to EBITDA EV/EBITDA -2.72 30.41
EV to Free Cash Flow [EV/FCF] EV/FCF -4.42 8.80
EV to Market Cap EV to Market Cap 1.04 1.18
EV to Revenue EV/Rev 0.97 3.58
Price to Book Value [P/B] P/B 1.64 8.76
Price to Earnings [P/E] P/E -2.41 71.24
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.04
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 27.17
Dividend per Basic Share Div per Share (Qtr) 0.00 0.34
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 16.21
Interest Coverage Int. cover (Qtr) -16.79 2,509.13
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -5,433.15 -384.47
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -62.20 6.65
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.53
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -1,811.57 -139.40
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -3,916.55 -265.30
EBIT Growth (1y) % EBIT 1y % (Qtr) -1,290.06 -150.93
EBT Growth (1y) % EBT 1y % (Qtr) -1,558.72 -53,829.57
EPS Growth (1y) % EPS 1y % (Qtr) -455.56 -170.98
FCF Growth (1y) % FCF 1y % (Qtr) -406.37 59.93
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 36.24 -3.53
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.51 1.07
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.05
Cash Ratio Cash Ratio (Qtr) 0.49 0.23
Current Ratio Curr Ratio (Qtr) 2.58 1.44
Debt to Equity Ratio Debt/Equity (Qtr) 0.11 0.64
Interest Cover Ratio Int Coverage (Qtr) -16.79 2,509.13
Times Interest Earned Times Interest Earned (Qtr) -16.79 2,509.13
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -31.50 10.72
EBIT Margin % EBIT Margin % (Qtr) -37.88 1.50
EBT Margin % EBT Margin % (Qtr) -40.13 0.13
Gross Margin % Gross Margin % (Qtr) 17.80 46.24
Net Profit Margin % Net Margin % (Qtr) -38.80 -0.55