Visão geral da empresa
SMX (Security Matters) Public Limited Company operates within the Industrials sector, specifically focusing on the Specialty Business Services industry, providing specialized brand protection, authentication, and track and trace technology solutions for the anti-counterfeit market. The company's proprietary marker system is designed to embed permanent or removable marks onto solid, liquid, or gaseous objects or materials, enabling clients to verify product authenticity and combat counterfeiting effectively. In terms of scale, the company currently holds a market capitalization of $18.96M and employs a workforce of 25 individuals to support its operations. The combination of a relatively small market cap and the absence of reported annual revenue figures suggests that SMX is a micro-cap entity with a niche operational footprint that has not yet generated measurable top-line growth in the most recent reporting periods.
Saúde financeira
The financial statements reveal a significant disparity between the company's reported revenue, which is listed as N/A, and its net income of $-169,178,000, alongside an EBITDA of $-138,479,008. This substantial gap between revenue and net income, coupled with the N/A revenue figure, indicates that the company's cost structure is heavily weighted toward expenses that may not be directly tied to current sales volume, or that the revenue data is insufficient to cover the fixed costs incurred during the trailing twelve months. Despite the negative earnings, the company reports a positive Free Cash Flow of $4.70M, which provides a degree of financial flexibility by generating cash from operations even while reporting accounting losses. The company maintains a cash balance of $12.20M against total debt of $9.17M, resulting in a Debt to Equity ratio of 47.46. While the cash position exceeds debt obligations, the high Debt to Equity ratio indicates a leveraged balance sheet relative to shareholders' equity, suggesting that the company utilizes significant financial leverage in its capital structure. Liquidity is constrained as evidenced by a Current Ratio of 0.59, which indicates that the company's current assets are less than its current liabilities, signaling potential short-term liquidity challenges. Furthermore, the Return on Equity stands at -837.0% and the Return on Assets at -204.1%, metrics that reveal management has been unable to generate positive returns on the capital invested in the business during the analyzed period.
Avaliação de valorização
Valuation metrics for SMX present a complex picture due to the negative earnings trajectory, with the Trailing P/E Ratio listed as N/A and the Forward P/E also showing as N/A. The absence of a calculable P/E ratio implies that traditional earnings-based valuation models cannot be applied, as the denominator is zero or negative, preventing a direct comparison of price relative to earnings growth expectations. Instead, the market values the company based on a Price to Book ratio of 1.27, which indicates that the stock is trading at a 27% premium over its book value per share. Alternative valuation metrics such as the Price to Sales ratio, which is N/A, and the EV/EBITDA of -0.14, suggest that the company is not being valued on a multiple of sales or earnings, but rather on asset backing or other intangible factors given the negative enterprise value relative to earnings. The stock's price volatility is extreme, trading between a 52-Week High of $3879.36 and a 52-Week Low of $5.10. Given the massive range, the current trading price sits significantly closer to the 52-week low, reflecting a severe market discount relative to the recent highs observed within the year. The Beta of -2.41 further illustrates that the stock exhibits extreme price volatility that moves inversely to the broader market, meaning it is highly sensitive to market shifts in an unpredictable manner.
Growth & Income
Growth metrics for the company are reported as N/A for both Revenue Growth (YoY) and Earnings Growth (YoY), indicating that there is no historical data available to calculate year-over-year expansion rates within the provided financial period. Consequently, it is impossible to determine if earnings are growing faster or slower than revenue because the underlying revenue figures required for such a calculation are currently unavailable. As a non-dividend payer, the company has a Dividend Yield of N/A and a Payout Ratio of 0.0%, meaning it does not distribute profits to shareholders but theoretically retains earnings for reinvestment, although the negative net income complicates the sustainability of any future payout. The overall growth and income profile of SMX is characterized by a lack of historical growth data and an absence of dividend income, presenting a speculative investment case reliant on future operational improvements rather than current profitability or cash distributions to investors.