VisionWave Holdings, Inc. (NASDAQ: VWAV)

Sector: Industrials Industry: Aerospace & Defense CIK: 0002038439
Market Cap 128.76 Mn
P/B 42.05
P/E -9.94
P/S 0.00
ROIC (Qtr) -700.62
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 6.59 Mn
Debt/Equity (Qtr) 2.15
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About

Investment thesis

Bull case

  • Cash reserves of 2.65M provide ample 22.21x coverage of acquisition spending 119135, enabling strategic growth opportunities.
  • Strong tangible asset base of 4.46M provides 37.41x coverage of acquisition spending 119135, enabling strategic growth.
  • Strong R&D investment of 471537 at 9.36x of capex 50381 shows balanced investment in innovation and infrastructure.
  • R&D investment of 471537 represents significant 3.20x of receivables 147500, indicating innovation-driven growth.
  • Tangible assets of 4.46M provide robust 30.22x coverage of receivables 147500, showing strong asset quality.

Bear case

  • Investment activities of (166403) provide weak support for R&D spending of 471537, which is -0.35x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (7.97M) shows concerning coverage of stock compensation expenses of 5.05M, with a -1.58 ratio indicating potential earnings quality issues.
  • Free cash flow of (8.02M) provides weak coverage of capital expenditures of 50381, with a -159.17 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (12.78M) show weak coverage of depreciation charges of 118895, with a -107.52 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (7.97M) barely covers operating expenses of 118895 with a -67.02 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Aerospace & Defense
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GE General Electric Co 347.18 Bn 39.89 7.57 20.49 Bn
2 RTX RTX Corp 272.90 Bn 40.54 3.08 39.51 Bn
3 BA Boeing Co 185.24 Bn 98.01 2.07 54.10 Bn
4 LMT Lockheed Martin Corp 151.16 Bn 30.13 2.01 21.70 Bn
5 NOC Northrop Grumman Corp /De/ 100.62 Bn 24.06 2.40 17.02 Bn
6 HWM Howmet Aerospace Inc. 99.61 Bn -156.86 7.95 3.05 Bn
7 GD General Dynamics Corp 94.33 Bn 27.82 2.39 8.01 Bn
8 TDG TransDigm Group INC 75.70 Bn 41.87 8.31 30.05 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 7.20 2.53
EV to Cash from Ops. EV/CFO -16.61 74.76
EV to Debt EV to Debt 20.08 70.01
EV to EBIT EV/EBIT -10.35 8.56
EV to EBITDA EV/EBITDA -10.25 28.68
EV to Free Cash Flow [EV/FCF] EV/FCF -16.50 73.68
EV to Market Cap EV to Market Cap 1.03 1.05
EV to Revenue EV to Revenue 0.00 9.46
Price to Book Value [P/B] P/B 42.05 7.10
Price to Earnings [P/E] P/E -9.94 21.32
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -3.71
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 18.88
Dividend per Basic Share Div per Share (Qtr) 0.00 0.72
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 11.28
Interest Coverage Int. cover (Qtr) -63.33 -10.55
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -77.00
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 27,033.18 27,757.82
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.15
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -1,364.41 -9.06
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -900.12 11.61
EBIT Growth (1y) % EBIT 1y % (Qtr) -1,624.74 -0.09
EBT Growth (1y) % EBT 1y % (Qtr) -1,651.98 -31.50
EPS Growth (1y) % EPS 1y % (Qtr) -300.00 -100.94
FCF Growth (1y) % FCF 1y % (Qtr) -830.19 26.50
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 -1.44
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.51
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 0.17 1.78
Current Ratio Curr Ratio (Qtr) 0.26 3.60
Debt to Equity Ratio Debt/Equity (Qtr) 2.15 0.32
Interest Cover Ratio Int Coverage (Qtr) -63.33 -10.55
Times Interest Earned Times Interest Earned (Qtr) -63.33 -10.55
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -309.23
EBIT Margin % EBIT Margin % 0.00 -340.98
EBT Margin % EBT Margin % 0.00 -345.99
Gross Margin % Gross Margin % 0.00 -51.92
Net Profit Margin % Net Profit Margin % 0.00 -347.41