Company Overview
Nocera, Inc. operates as an acquisition-focused entity that specializes in delivering land-based recirculating aquaculture system services to various aquaculture projects. The company is responsible for the design, construction, and procurement of the necessary equipment required to build and operate land-based fish farms, while also providing comprehensive engineering, procurement, and construction solutions. Nocera, Inc. functions within the Consumer Defensive sector, specifically categorized under the Packaged Foods industry, which generally implies a focus on essential goods, though the company's specific operational model targets aquaculture infrastructure. The firm currently maintains a market capitalization of $2.80M and employs 19 individuals to support its operations. With annual revenue reaching $14.11M, the company's scale suggests a niche market position with limited diversification, as the relatively small market cap and revenue figures indicate that Nocera, Inc. holds a modest footprint within the broader aquaculture and packaged foods landscape.
Financial Health
The company reported revenue of $14.11M over the trailing twelve months, yet it recorded a net income of $-4,075,555 and an EBITDA of $-1,888,806. The significant gap between the $14.11M revenue and the negative net income reveals a cost structure where operating expenses substantially exceed gross profits, resulting in a loss situation despite top-line activity. Nocera, Inc. generated a free cash flow of $-2,945,417, which indicates that the company is consuming its cash reserves rather than generating surplus liquidity for reinvestment or debt reduction. The company holds $2.03M in cash against a debt obligation of $25,724, resulting in a debt-to-equity ratio of 0.53. While the cash balance exceeds total debt, the negative cash flow suggests that current liquidity is being eroded by operational costs, necessitating careful capital management. The balance sheet shows a conservative stance regarding leverage since the debt is minimal compared to cash holdings, yet the negative EBITDA complicates the long-term debt servicing picture. Nocera, Inc. maintains a current ratio of 2.47, which indicates a strong ability to meet short-term obligations with its short-term assets. However, the return on equity stands at -86.4% and the return on assets is -20.5%, revealing that management effectiveness is currently compromised by the inability to generate positive returns on the capital invested in the business.
Valuation Assessment
Nocera, Inc. presents a valuation profile where the trailing P/E ratio and forward P/E ratio are both listed as N/A, reflecting the company's current lack of positive earnings. The absence of these traditional multiples implies that earnings-based valuation models are not applicable until profitability is achieved, leaving the market to rely on alternative metrics. The price-to-book ratio is 0.58, which indicates that the market is valuing the company at less than its book value, suggesting a deep discount to the net asset value or a lack of confidence in future earnings potential. Additional valuation metrics include a price-to-sales ratio of 0.20 and an EV/EBITDA of -0.43, which suggest that the company is trading at a fraction of its sales and possesses negative enterprise value multiples due to its losses. The stock has traded between a 52-week high of $2.40 and a 52-week low of $0.18. Based on the available data points, the current market price sits within this volatility range, reflecting the high risk associated with a micro-cap company that is unprofitable. The beta value is 0.93, which means the stock price volatility is roughly in line with the broader market, despite the underlying business risks associated with the company's financial performance.
Growth & Income
Nocera, Inc. achieved a revenue growth rate of 17.6% year-over-year, while the earnings growth rate is N/A due to the company's continued losses. The disparity between positive revenue growth and the inability to generate earnings growth highlights that top-line expansion has not yet translated into bottom-line profitability. As the company does not pay a dividend, with a dividend yield of N/A and a payout ratio of 0.0%, it does not return cash to shareholders but instead retains all capital to fund operations and future acquisitions. This reinvestment strategy is typical for early-stage or acquisition-focused firms that prioritize capital deployment over income generation for investors. The overall growth and income profile is characterized by expanding sales volume that has not yet been sufficient to overcome high operational costs, resulting in a financial structure that relies on external capital or existing cash reserves to sustain operations while seeking a path to profitability.