회사 개요
Dogness (International) Corporation, ticker DOGZ, operates as a global provider of fashionable pet products, specifically designing, manufacturing, and selling items such as leashes, collars, harnesses, retractable leashes, lanyards, suspenders, belt ribbons, laces, and elastic belts for dogs and cats. This entity functions within the Consumer Cyclical sector, specifically under the Leisure industry classification, which indicates its performance is tied to discretionary spending on non-essential goods and services. The company employs a workforce of 189 individuals and maintains a total market capitalization of $19.59M alongside an annual revenue run rate of $16.33M over the trailing twelve months. These valuation figures and revenue metrics suggest that the company occupies a small-cap position within the pet products market, reflecting a limited market share relative to larger industry peers and a capitalization structure typical of niche manufacturers with constrained growth scales.
재무 건전성
The company reported a revenue of $16.33M and a net income of $-8,460,396 for the trailing twelve months, while its EBITDA stands at $-5,972,956, revealing a significant disparity where operating costs and expenses substantially exceed gross profits. The free cash flow is recorded at $-3,826,655, indicating that the company is currently burning cash rather than generating liquidity, which limits its immediate financial flexibility for capital expenditures or unplanned opportunities. Analysis of the margin structure shows a gross margin of 15.2%, an operating margin of -56.3%, and a profit margin of -51.8%, highlighting that while the core product pricing retains some value, overhead expenses are eroding profitability to a negative degree. Regarding liquidity and leverage, the company holds $6.63M in cash against $15.44M in total debt, resulting in a debt-to-equity ratio of 16.23, which characterizes a highly leveraged balance sheet rather than a conservative one. The current ratio is 1.75, suggesting that the company possesses sufficient current assets to cover its short-term obligations, providing a buffer against immediate liquidity crises despite the long-term debt burden. Finally, the return on equity is -10.0% and the return on assets is -5.1%, metrics that collectively reveal management's current ineffectiveness in generating returns on shareholder capital and utilizing the asset base to produce profit.
밸류에이션 평가
Both the trailing P/E ratio (TTM) and forward P/E ratio are listed as N/A, a status that implies the market cannot currently value the stock based on earnings multiples due to the company's lack of profitability and the absence of expected earnings growth. The price-to-book ratio is 0.21, indicating that the market values the company at a significant discount to its book value, suggesting investors are pricing in substantial risks or potential asset liquidation scenarios rather than a premium for quality. Alternative valuation metrics provide further context, with a price-to-sales ratio of 1.20 and an EV/EBITDA of -4.75, suggesting that the market is valuing the entity primarily on its revenue generation potential despite negative enterprise value multiples caused by high debt. The stock has exhibited extreme volatility, trading between a 52-week high of $31.48 and a 52-week low of $1.02, meaning the current price sits significantly below the 52-week high while reflecting the severe downside risk associated with its financial profile. The beta is 2.53, which signifies that the stock price is highly sensitive to market movements, typically fluctuating 2.53 times more than the broader market index.
Growth & Income
The revenue growth year-over-year is -36.2%, while earnings growth is N/A, indicating that the company is actively contracting and failing to generate positive earnings to support any meaningful growth trajectory. As a non-dividend payer, the company does not distribute cash to shareholders, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning any retained earnings are theoretically intended for reinvestment but are currently consumed by operational losses. The absence of a dividend yield combined with negative revenue growth and negative earnings growth paints a picture of a firm that is not currently delivering income returns or expanding its top line. The overall growth and income profile for Dogness (International) Corporation is defined by contraction and a lack of distributable cash, presenting a high-risk scenario for income-focused investors or those seeking capital appreciation in a stable environment.