Plby.O

PLBY.O exhibits a highly leveraged capital structure with a debt-to-equity ratio of 9.4, indicating significant financial leverage relative to its equity base of $18.4 million. The company holds $37.8 million in cash and equivalents against $172.6 million in long-term debt, resulting in a negative net cash position. Liquidity is assessed as medium risk, supported by a current ratio that is not explicitly provided but implied to be tight given the high debt load. The market capitalization stands at $130.9 million, with a price-to-book ratio of 7.2, suggesting the market values the brand equity significantly above its tangible book value.

Profitability metrics are negative across the board, with a return on equity of -41.3% and a return on assets of -2.6%. The company reported an operating income of -$8.0 million and a net income of -$12.7 million on revenues of $120.9 million. The gross profit of $85.9 million indicates a gross margin of approximately 71%, which is typical for licensing-heavy models, but operating expenses exceed gross profit, leading to operating losses. The EV/EBITDA ratio is negative at -77.9, reflecting the current unprofitability.

Revenue concentration and segment details are not explicitly broken down in the provided data, but the classification as Textiles, Apparel & Luxury Goods suggests exposure to consumer discretionary spending. The company’s activity is unclassified in detail, but the high gross margin implies a business model reliant on intellectual property licensing rather than direct manufacturing. Geographic exposure is not specified in the available data.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current revenue of $120.9 million serves as the baseline. Without historical trends, it is not possible to determine year-over-year growth rates or seasonal patterns. The operating cash flow is negligible at $18,000, indicating that the company is not generating significant cash from operations to fund growth or service debt.

Risk factors include medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, highlighting the reliance on debt financing. The high debt-to-equity ratio of 9.4 poses a significant solvency risk if cash flows do not improve. The low dilution risk suggests that the share count of 112.8 million is stable, with no immediate signs of aggressive equity issuance.

Recent events include analyst estimates with a mean price target of $2.83 and a median of $3.00, implying potential upside from the current market price of $1.16. The mean recommendation is 2.33, leaning towards a buy rating, with two buy ratings and one hold rating. News observations indicate reconciler activities related to coverage closure, but no specific corporate actions or earnings releases are detailed in the news section.

Revenue $30.2M, +4,7% YoY; Operating income +73,8% YoY.

• ▍Revenue $30.2M, +4,7% YoY
• ▍Operating income +73,8% YoY
• ▍Net income +56,2% YoY
• ▍Free cash flow +54,0% YoY
• ▍Net margin -13.1%

Revenue $34.9M, −58,1% YoY; Operating income +142,0% YoY.

• ▍Revenue $34.9M, −58,1% YoY
• ▍Operating income +142,0% YoY
• ▍Net income +128,6% YoY
• ▍Free cash flow +133,2% YoY
• ▍Net margin 10.3%

Revenue $29.0M, −1,5% YoY; Operating income +104,8% YoY.

• ▍Revenue $29.0M, −1,5% YoY
• ▍Operating income +104,8% YoY
• ▍Net income +101,4% YoY
• ▍Free cash flow +101,3% YoY
• ▍Net margin 1.6%

Revenue $28.1M, +13,1% YoY; Operating income +36,1% YoY.

• ▍Revenue $28.1M, +13,1% YoY
• ▍Operating income +36,1% YoY
• ▍Net income +53,9% YoY
• ▍Free cash flow +48,8% YoY
• ▍Net margin -27.3%

Revenue $28.9M; Operating income -$6.3M.

• ▍Revenue $28.9M
• ▍Operating income -$6.3M
• ▍Net margin -31.3%

Revenue $83.3M; Operating income -$6.5M.

• ▍Revenue $83.3M
• ▍Operating income -$6.5M
• ▍Net margin -15.1%

Revenue $29.4M; Operating income -$28.3M.

• ▍Revenue $29.4M
• ▍Operating income -$28.3M
• ▍Net margin -114.7%

Revenue $24.9M; Operating income -$9.2M.

• ▍Revenue $24.9M
• ▍Operating income -$9.2M
• ▍Net margin -66.9%

Revenue $120.9M, +4,1% YoY; Operating income +84,2% YoY.

• ▍Revenue $120.9M, +4,1% YoY
• ▍Operating income +84,2% YoY
• ▍Net income +84,0% YoY
• ▍Free cash flow +85,8% YoY
• ▍Net margin -10.5%

Revenue $116.1M, −18,8% YoY; Operating income +72,4% YoY.

• ▍Revenue $116.1M, −18,8% YoY
• ▍Operating income +72,4% YoY
• ▍Net income +56,0% YoY
• ▍Free cash flow +59,2% YoY
• ▍Net margin -68.4%

Revenue $142.9M, −22,9% YoY; Operating income +38,0% YoY.

• ▍Revenue $142.9M, −22,9% YoY
• ▍Operating income +38,0% YoY
• ▍Net income +35,0% YoY
• ▍Free cash flow +25,5% YoY
• ▍Net margin -126.2%

Revenue $185.5M, −24,8% YoY; Operating income −328,7% YoY.

• ▍Revenue $185.5M, −24,8% YoY
• ▍Operating income −328,7% YoY
• ▍Net income −257,5% YoY
• ▍Free cash flow −179,2% YoY
• ▍Net margin -149.7%