Bedrijfsoverzicht
Captivision Inc. is a specialized manufacturer and distributor focused on developing, manufacturing, installing, and selling G-Glass, an architectural media glass product that integrates IT building materials with architectural glass for use in the Asia Pacific, Europe, the Middle East, Africa, and North America. The company operates within the Basic Materials sector, specifically the Building Materials industry, where its role is to provide advanced media solutions for architectural structures rather than traditional raw material extraction. Currently, the firm employs 98 individuals and holds a market capitalization of $2.01 million, generating total annual revenue of $17.39 million. These valuation and revenue figures indicate that Captivision Inc. is a small-cap entity operating with a relatively modest revenue base compared to large-scale industrial peers, suggesting a niche market position that relies on specific technological differentiation rather than broad market volume.
Financiële gezondheid
Captivision Inc. reported total revenue of $17.39 million over the trailing twelve months, yet the company recorded a net income of -$84,693,112, revealing a significant structural disconnect between top-line sales and bottom-line profitability. This substantial gap between revenue and net income indicates an extremely aggressive cost structure or high fixed costs that are not being covered by current operational expenses, resulting in a loss that exceeds the total revenue generated in the period. The company's EBITDA stands at -$20,854,992, further confirming that core operations are currently generating negative cash conversion before interest, taxes, depreciation, and amortization. Free cash flow is listed as N/A, which implies that the company is not currently generating positive operating cash flow sufficient to cover capital expenditures and working capital requirements, severely limiting its financial flexibility for expansion or debt repayment. The gross margin sits at 24.9%, which suggests that the cost of goods sold consumes a significant portion of revenue before operating expenses are deducted. However, the operating margin is deeply negative at -48.4%, and the profit margin is 0.0%, indicating that operating expenses are consuming more than half of the gross profit, effectively eliminating net profitability. In terms of liquidity and leverage, the company holds $667,288 in cash against $24.16 million in debt, creating a precarious situation where liabilities vastly outweigh liquid assets. The debt-to-equity ratio is N/A, likely due to the negative shareholders' equity resulting from the accumulated losses, but the sheer scale of debt relative to cash reserves highlights a highly leveraged balance sheet. Additionally, the current ratio is 0.25, which is well below the standard threshold of 1.0, indicating that the company possesses only 25 cents of current assets for every dollar of current liabilities, signaling potential short-term liquidity challenges in meeting its obligations as they fall due. Return on Equity and Return on Assets are both N/A, reflecting the company's inability to generate returns on the capital invested by shareholders or held in assets due to the persistent net losses and negative equity position.
Waarderingsbeoordeling
Captivision Inc. has a trailing P/E ratio and a forward P/E ratio that are both N/A, a direct consequence of the company reporting a net loss, which makes traditional earnings-based valuation multiples impossible to calculate and suggests that the market is not pricing the stock based on current profitability expectations. The price-to-book ratio is -0.03, a negative figure that indicates the market capitalization is below the company's book value, often seen in distressed or unprofitable firms where the market assigns no premium over the net asset value. The price-to-sales ratio stands at 0.12, suggesting that the market values the company at roughly 12 cents for every dollar of sales, which is a very low multiple typically associated with high-risk, unprofitable businesses or those facing significant restructuring. The EV/EBITDA multiple is -1.01, reinforcing the negative earnings picture and indicating that enterprise value is being measured against negative operating cash generation rather than positive cash flow. The stock has a 52-week high of $1.93 and a 52-week low of $0.05, meaning the current price sits within a highly volatile trading range that spans nearly forty times between its recent peak and trough. The beta value is 1.11, which indicates that the stock's price volatility is approximately 11% higher than the broader market, suggesting that the share price is more sensitive to market movements than the average large-cap stock.
Growth & Income
Captivision Inc. achieved a year-over-year revenue growth rate of 21.9%, demonstrating that the top line is expanding, whereas the earnings growth rate is N/A because the company is currently unprofitable and has no baseline earnings to measure growth against. Since the earnings growth rate is N/A, it is impossible to determine if earnings are growing faster or slower than revenue, but the absence of positive earnings suggests that revenue expansion has not yet translated into bottom-line profitability. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means the firm reinvests its limited resources into operations and debt management rather than returning cash to shareholders. The overall growth and income profile is characterized by positive top-line expansion coupled with significant operational losses and a lack of dividend distribution, reflecting a high-risk investment scenario where capital is consumed by growth initiatives and cost overruns rather than generating shareholder returns.