회사 개요
SMX (Security Matters) Public Limited Company operates within the Industrials sector, specifically focusing on the Specialty Business Services industry, where it provides specialized technological solutions for brand protection and anti-counterfeit markets. The firm's core business involves deploying proprietary marker systems that embed permanent or removable marks onto solid, liquid, or gaseous objects to facilitate authentication and track-and-trace capabilities. In terms of operational scale, the company employs a workforce of 25 individuals and holds a market capitalization of $18.96M. However, the company's annual revenue is listed as N/A, indicating a lack of disclosed revenue data for the trailing twelve months. This specific financial presentation suggests that the company is a micro-cap entity with limited public financial transparency regarding its top-line sales figures.
재무 건전성
The financial performance data reveals a Net Income of $-169,178,000 for the trailing twelve months, while EBITDA stands at $-138,479,008, highlighting a significant gap between operating earnings and bottom-line profit driven by substantial non-operating expenses or interest costs. Despite the negative net income and EBITDA, the company reports a Free Cash Flow of $4.70M, which indicates a degree of financial flexibility in generating cash from operations that is not immediately captured in the accrual-based earnings figures. The company's profitability margins are all reported at 0.0%, including Gross Margin, Operating Margin, and Profit Margin, which collectively indicate that the reported financial statements do not reflect positive profit generation on a per-unit or per-revenue basis within the current reporting period. Liquidity and solvency metrics show the company holds $12.20M in cash against $9.17M in debt, resulting in a Debt to Equity ratio of 47.46, which suggests a highly leveraged balance sheet structure relative to equity. The Current Ratio is 0.59, a figure that indicates the company's short-term assets are insufficient to cover its short-term liabilities without external financing or asset liquidation. Return metrics further illustrate financial distress, with a Return on Equity of -837.0% and a Return on Assets of -204.1%, revealing that management has not generated positive returns on the capital invested or deployed by shareholders during the measured period.
밸류에이션 평가
Valuation metrics for SMX present a mixed picture where the Trailing P/E and Forward P/E are both listed as N/A, implying that the lack of positive earnings prevents the calculation of traditional earnings multiples and offers no clear trajectory for earnings recovery based on price-to-earnings history. The Price to Book ratio is 1.27, indicating that the market values the company's equity at a slight premium of 27% above its book value, despite the entity's negative earnings and high leverage. Alternative valuation metrics such as the Price to Sales ratio are also N/A, while the EV/EBITDA is -0.14, suggesting that the enterprise value is slightly lower than the negative earnings multiple, a scenario often seen in distressed or turnaround situations. The stock's trading range over the past year spans from a 52-Week Low of $5.10 to a 52-Week High of $3879.36, demonstrating extreme price volatility and a wide dispersion between the lowest and highest traded prices. The Beta of -2.41 indicates that the stock price moves inversely to the broader market with high sensitivity, meaning that a rise in the market index would historically correlate with a significant decline in SMX's share price, and vice versa.
Growth & Income
The company's Revenue Growth (YoY) and Earnings Growth (YoY) are both listed as N/A, which precludes any analysis of whether earnings are growing faster or slower than revenue due to the absence of historical growth data for comparison. As the company does not pay a dividend, the Dividend Yield is N/A and the Payout Ratio is 0.0%, meaning the firm retains all of its cash flow rather than distributing income to shareholders. In the absence of dividend payments, the company's strategy effectively involves reinvesting its available cash flow, though the negative net income suggests that such reinvestment is currently not generating profitable returns. The overall growth and income profile for SMX is characterized by a lack of historical growth data and an absence of income distribution, reflecting the challenges faced by a micro-cap company with negative earnings and high debt levels.