Présentation de l'entreprise
WM Technology, Inc., operates as an online cannabis marketplace delivering ecommerce and compliance software solutions to retailers and brands across the United States and international markets. The company's core offering, the Weedmaps marketplace, enables cannabis users to search for and browse cannabis products, facilitating a digital ecosystem within the regulated sector. This entity functions within the Technology sector and specifically the Software - Application industry, positioning it as a provider of essential digital infrastructure for the cannabis industry. The company demonstrates a market capitalization of $70.04M and reports annual revenue of $174.70M, supported by a workforce of 416 employees. These valuation and revenue figures indicate that WM Technology, Inc. maintains a mid-cap profile with significant revenue generation relative to its equity value, suggesting a business model where operational scale is substantial compared to the size of its public market valuation.
Santé financière
The company reported a trailing twelve-month revenue of $174.70M and a corresponding net income of $1.96M, resulting in an EBITDA of $29.68M. The substantial gap between the $174.70M in revenue and the $1.96M in net income reveals a cost structure characterized by high operating expenses or non-operating charges that significantly compress profitability at the bottom line. Despite the low net income, the company generates robust free cash flow of $21.54M, which indicates strong financial flexibility to fund operations, invest in technology, or reduce debt without relying on external financing. The gross margin stands at 94.9%, reflecting the high-margin nature of software sales, while the operating margin of 20.5% suggests that a significant portion of revenue covers operating costs, though the profit margin of 1.1% highlights the challenge in converting revenue into bottom-line earnings. On the balance sheet, the company holds $62.40M in cash against $26.55M in debt, supported by a debt-to-equity ratio of 20.15, indicating a conservative capital structure with ample liquidity to service obligations. The current ratio of 2.34 further confirms strong short-term liquidity, as the company's current assets are more than twice its current liabilities. Additionally, the return on equity is 2.6% and the return on assets is 5.5%, metrics that reveal that while the company generates returns, the effectiveness of management in deploying capital to generate high returns on equity remains limited relative to the total asset base.
Évaluation de la valorisation
The valuation metrics show a trailing P/E ratio of 20.09 and a forward P/E of 2.36, implying a significant discrepancy between current earnings expectations and future earnings projections that suggests the market anticipates a sharp turnaround or substantial earnings expansion in the coming period. The price-to-book ratio is 0.77, indicating that the stock trades at a discount to its book value, which may reflect market skepticism regarding the quality of assets or future earnings potential. Alternative valuation multiples include a price-to-sales ratio of 0.40 and an EV/EBITDA of 2.81, which suggest the company is valued at a fraction of its sales and earnings, presenting a low multiple entry point relative to industry peers if growth were to materialize. The stock has a 52-week high of $1.36 and a 52-week low of $0.33, and based on the current market cap and share structure implied by the valuation metrics, the price sits within a range that reflects high volatility. The beta value of 1.23 indicates that the stock price is 23% more volatile than the broader market, meaning it will likely amplify market movements during periods of high volatility.
Growth & Income
The revenue growth year-over-year is -9.7%, while earnings growth year-over-year is N/A, indicating that the company is currently experiencing a contraction in top-line sales and lacks reported historical earnings data to calculate a growth rate. The absence of earnings growth data combined with negative revenue growth suggests that the decline in sales is directly impacting the bottom line, although the specific rate of earnings decline cannot be quantified without prior year earnings figures. As the dividend yield is N/A and the payout ratio is 0.0%, the company does not distribute dividends to shareholders, meaning all earnings are retained within the business. This reinvestment strategy is typical for companies in the early stages of recovery or growth, where capital is prioritized for operational improvements and market expansion rather than shareholder distributions. Overall, the growth and income profile is defined by a contraction in revenue and a lack of dividend income, with the company relying on cash flow generation and potential future earnings expansion to drive shareholder value.