Bedrijfsoverzicht
BrilliA Inc is engaged in the design, manufacturing, and sale of ladies' intimate apparel across diverse global markets including North America, the European Union, the Asia Pacific, Latin America, the Middle East, and international regions. The company operates within the consumer cyclical sector, specifically focusing on the apparel retail industry, which subjects its performance to fluctuations in consumer discretionary spending and seasonal demand cycles. This entity operates with a market capitalization of $45.50M and reports annual revenue of $61.56M, while the specific employee count is not disclosed in available data. The relatively modest market capitalization of $45.50M suggests a small-cap status, indicating that the company holds a niche position in the broader retail landscape rather than dominating the mainstream market. The revenue figure of $61.56M provides context for its scale, showing that while the company generates meaningful income, it operates on a smaller footprint compared to major apparel conglomerates, positioning it as a specialized player within the lingerie and intimate wear sub-sector.
Financiële gezondheid
The company reported revenue of $61.56M over the trailing twelve months, with net income of $1.73M and EBITDA of $2.79M, revealing a significant gap that highlights a cost structure where operating expenses consume a substantial portion of gross revenue. Specifically, the disparity between the $61.56M revenue and the $1.73M net income indicates that after accounting for the cost of goods sold, operating costs, interest, and taxes, only a small fraction remains as profit. The free cash flow stands at -$3,753,662, which signifies that the company is currently burning cash rather than generating surplus liquidity, thereby limiting its immediate financial flexibility for capital expenditures or debt repayment without external financing. The gross margin of 15.8% reflects the pricing power and efficiency in production relative to sales, while the operating margin of 1.2% demonstrates that overhead costs are nearly eroding all gross profit. The profit margin of 2.8% further confirms that the bottom line is highly sensitive to cost increases or volume declines. On the balance sheet, the company holds $6.57M in cash against $1.49M in debt, resulting in a debt-to-equity ratio of 9.83, which indicates a highly leveraged financial structure where equity is a small base relative to debt obligations. Despite the high leverage, the current ratio of 1.93 suggests that the company maintains sufficient short-term assets to cover its short-term liabilities, providing a buffer against immediate liquidity crises. Return on Equity is reported at 14.1% and Return on Assets at 5.5%, metrics that reveal the management's ability to generate returns on shareholder capital and total assets respectively, though the high debt-to-equity ratio suggests these returns are amplified by financial leverage rather than organic operational growth.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 22.75, while the forward P/E is 18.20, implying that the market expects earnings to decline in the future to reach the lower forward multiple or that current earnings are inflated relative to future expectations. The price-to-book ratio of 3.67 indicates that the stock trades at a significant premium to its book value, suggesting that investors value the company's brand, intellectual property, or growth potential more than its tangible assets. The price-to-sales ratio of 0.74 and the EV/EBITDA of 18.19 offer alternative perspectives, showing that the company trades at less than one dollar of sales per dollar of revenue, which can be attractive in cyclical industries, yet the EV/EBITDA multiple remains elevated relative to the low net income. The 52-week high is $4.95 and the 52-week low is $1.41, establishing a trading range of $3.54 where the current price position relative to this range must be interpreted cautiously given the lack of a specific current price in the provided facts. The beta value is listed as N/A, meaning volatility data relative to the broader market is not available to assess the stock's sensitivity to market swings. The forward P/E of 18.20 being lower than the trailing P/E of 22.75 suggests that analysts or the market are pricing in a contraction of earnings, which aligns with the reported negative earnings growth. The high P/E ratios combined with negative free cash flow create a valuation profile where the stock price is supported by accounting metrics that may not fully reflect the operational cash constraints.
Growth & Income
Revenue growth year-over-year is -10.3%, while earnings growth year-over-year is -96.4%, indicating that earnings are collapsing at a rate significantly faster than revenue, which implies deteriorating profitability margins or one-time charges impacting the bottom line disproportionately. The company reports a dividend yield of 29.2% with a payout ratio of 162.2%, a combination that is mathematically unsustainable given the negative free cash flow and the fact that the payout exceeds total net income. Since the payout ratio is 162.2%, the company is distributing more in dividends than it earns in profit, relying on cash reserves or debt to fund these payments, which poses a long-term risk to capital structure integrity. This aggressive dividend policy contrasts sharply with the negative earnings growth, suggesting that the current income profile is not backed by sustainable cash generation. The overall growth and income profile is characterized by double-digit contraction in both revenue and earnings, paired with a dangerously high and unsustainable dividend yield that signals potential distress rather than a reliable income stream for investors.