Bedrijfsoverzicht
LiqTech International, Inc. is actively engaged in the design, development, production, marketing, and sale of automated filtering solutions and systems, serving a global footprint that includes the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company operates within the Industrials sector, specifically targeting the Pollution & Treatment Controls industry, which focuses on technologies designed to manage environmental contaminants and ensure compliance with regulatory standards. As a publicly traded entity under the ticker LIQT, the company maintains a market capitalization of $17.21M and employs a workforce of 92 individuals to support its operations. With a trailing twelve-month revenue of $16.51M, these financial figures indicate that the company operates on a small-cap scale, positioning it as a niche player rather than a dominant market leader within the broader industrial filtration landscape.
Financiële gezondheid
The company reported a revenue of $16.51M for the trailing twelve months, yet this top-line activity resulted in a net income loss of $8,527,683 and an EBITDA of $-6,616,522, revealing a cost structure where operating expenses significantly exceed gross profits. The generation of negative free cash flow amounting to $-3,869,788 suggests that the company is currently burning cash, which limits its immediate financial flexibility for capital expenditures or strategic acquisitions without external financing. Margin analysis highlights a gross margin of 7.6%, indicating low pricing power or high material costs, while the operating margin stands at a severe -85.8% and the profit margin at -51.7%, reflecting substantial inefficiencies or high fixed cost burdens relative to sales. The balance sheet shows a cash position of $5.07M contrasted against total debt of $13.35M, resulting in a debt-to-equity ratio of 128.74, which characterizes the entity as highly leveraged and exposed to interest rate fluctuations. Despite the leverage, a current ratio of 3.38 indicates that the company holds sufficient current assets to cover its short-term liabilities, providing a buffer against immediate liquidity crises. Furthermore, the return on equity is -63.7% and the return on assets is -17.4%, metrics that demonstrate that management has not yet generated positive returns on the capital invested in the business.
Waarderingsbeoordeling
Valuation metrics for LiqTech International present a complex picture, with a forward P/E ratio of -3.09 and a trailing P/E ratio listed as N/A due to the reported net losses, implying that traditional earnings-based valuation models are not currently applicable. The price-to-book ratio is recorded at 1.60, suggesting that the market values the company at 60% above its net asset value, which could indicate optimism regarding future asset appreciation or intangible value not captured on the books. Alternative valuation multiples such as the price-to-sales ratio of 1.04 and an EV/EBITDA of -3.84 provide context that the company trades at roughly one dollar of market value for every dollar of sales, despite the lack of positive earnings power. Historical price data shows a 52-week high of $3.35 and a low of $1.22, meaning the stock is currently trading within a range that reflects significant volatility but remains below its peak performance over the last year. The beta of 1.10 indicates that the stock's price volatility is 10% higher than the broader market, making it a more aggressive investment vehicle that will likely outperform in bullish markets but suffer greater declines during downturns.
Growth & Income
Revenue growth for the trailing twelve months is recorded at -8.2%, while earnings growth is listed as N/A due to the company's loss-making status, indicating that the business is currently contracting rather than expanding its top line. Since the company is not a dividend payer, it does not distribute a dividend yield or a payout ratio, meaning the firm retains all its earnings, albeit negative ones, to fund operations rather than rewarding shareholders with cash distributions. This lack of dividend income combined with negative revenue growth suggests an overall growth and income profile that is currently focused on survival and operational restructuring rather than capital appreciation through yield or expansion. The company's financial trajectory is defined by a contraction in revenue and an absence of earnings generation, which creates a challenging environment for capital preservation and shareholder value creation in the near term.