Celxpert Energy Corp

Celxpert Energy Corp reports a liquidity ratio of 2.18, indicating a moderate ability to meet short-term obligations, though its free cash flow of -24.8 million TWD suggests limited flexibility for reinvestment or debt reduction. The company's debt-to-equity ratio of 0.58 reflects a conservative capital structure, with long-term debt of 1.41 billion TWD and total equity of 2.45 billion TWD. However, the negative net cash position after subtracting total debt raises concerns about liquidity risk.

Profitability metrics show a return on equity of -2.07% and a return on assets of -0.93%, both significantly below the industry median for electrical components and equipment firms. The company reported a net loss of 50.7 million TWD and an operating loss of 72.3 million TWD, indicating operational inefficiencies and cost overruns. Gross profit of 67.6 million TWD on revenue of 1.19 billion TWD suggests margin compression, with a gross margin of 5.66%.

Celxpert Energy Corp operates as a single-segment business, with no disclosed geographic diversification in the latest financials. The company's revenue is entirely attributed to its core industrial goods operations, and there is no information on regional revenue distribution. This lack of geographic segmentation increases exposure to localized economic or regulatory risks.

The company's revenue growth trajectory is mixed. While the latest reported revenue of 1.19 billion TWD is higher than the analyst estimate of 9.38 billion TWD, the operating cash flow of 107.7 million TWD indicates some operational resilience. However, the negative net income and operating income suggest that growth is not translating into profitability. Capital expenditures of -14.4 million TWD reflect ongoing investment in infrastructure, but the free cash flow remains negative.

Risk factors include liquidity constraints and the potential for margin compression due to competitive pressures in the electrical components and equipment industry. The company's dilution risk is currently low, with no significant changes in shares outstanding between basic and diluted shares. However, the negative net cash position and operating losses could pressure the company to raise additional capital in the near term, potentially leading to share dilution.

Recent events include the latest financial filing, which shows a significant deviation from analyst estimates. The company's operating cash flow remains positive, but the net loss and operating loss highlight ongoing challenges in cost management and revenue generation. No recent earnings call transcripts or press releases were available to provide further insight into management's strategy or outlook.

Long-term debt decreased to TWD 979 million in 2019, indicating a reduction in leverage obligations compared to prior periods.

The company maintains a debt-to-equity ratio of 0.58, which is below the cohort median of 0.24, suggesting manageable leverage.

Capital expenditure relative to revenue is above the 75th percentile of peers, indicating potential investment in future growth capacity.

Net income deteriorated to a loss of TWD 182.6 million in 2019, reflecting worsening profitability and operational inefficiencies.

Free cash flow turned negative at TWD -152.7 million in 2019, highlighting significant cash burn and liquidity pressures.

The company faces high credit risk and medium liquidity risk, posing significant threats to financial stability and operations.

Revenue TWD 1.10B, −18,6% YoY; Operating income −96,2% YoY.

• ▍Revenue TWD 1.10B, −18,6% YoY
• ▍Operating income −96,2% YoY
• ▍Net income +2,5% YoY
• ▍Free cash flow +82,7% YoY
• ▍Net margin -3.0%

Revenue TWD 1.38B, −5,1% YoY; Operating income −282,4% YoY.

• ▍Revenue TWD 1.38B, −5,1% YoY
• ▍Operating income −282,4% YoY
• ▍Net income −57,7% YoY
• ▍Free cash flow −152,4% YoY
• ▍Net margin -1.8%

Revenue TWD 1.36B, −6,1% YoY; Operating income −35 171,6% YoY.

• ▍Revenue TWD 1.36B, −6,1% YoY
• ▍Operating income −35 171,6% YoY
• ▍Net income −3 513,0% YoY
• ▍Free cash flow −282,7% YoY
• ▍Net margin -6.0%

Revenue TWD 1.11B, −7,1% YoY; Operating income +56,2% YoY.

• ▍Revenue TWD 1.11B, −7,1% YoY
• ▍Operating income +56,2% YoY
• ▍Net income +14,7% YoY
• ▍Free cash flow +42,2% YoY
• ▍Net margin -3.9%

Revenue TWD 1.36B; Operating income -TWD 24.4M.

• ▍Revenue TWD 1.36B
• ▍Operating income -TWD 24.4M
• ▍Net margin -2.5%

Revenue TWD 1.45B; Operating income -TWD 10.8M.

• ▍Revenue TWD 1.45B
• ▍Operating income -TWD 10.8M
• ▍Net margin -1.1%

Revenue TWD 1.45B; Operating income TWD 222.0k.

• ▍Revenue TWD 1.45B
• ▍Operating income TWD 222.0k
• ▍Net margin 0.2%

Revenue TWD 4.95B, −9,2% YoY; Operating income −85,3% YoY.

• ▍Revenue TWD 4.95B, −9,2% YoY
• ▍Operating income −85,3% YoY
• ▍Net income −85,6% YoY
• ▍Free cash flow −83,3% YoY
• ▍Net margin -3.7%

Revenue TWD 5.45B, −24,4% YoY; Operating income +45,9% YoY.

• ▍Revenue TWD 5.45B, −24,4% YoY
• ▍Operating income +45,9% YoY
• ▍Net income +63,6% YoY
• ▍Free cash flow +69,2% YoY
• ▍Net margin -1.8%

Revenue TWD 11.10B, −20,5% YoY; Operating income −45,9% YoY.

• ▍Revenue TWD 11.10B, −20,5% YoY
• ▍Operating income −45,9% YoY
• ▍Net income −13,2% YoY
• ▍Free cash flow +148,5% YoY
• ▍Net margin 2.0%