Xponential Fitness Inc
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Let's analyse Xponential

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Xponential Fitness Inc even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Xponential Fitness Inc is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Xponential Fitness Inc. The closing price on 2022-09-30 was $18.26 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Xponential Fitness Inc Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is unable to pay all its debts by selling its assets.

1.1. Profitability of Xponential Fitness Inc.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Xponential earns for each $1 of revenue.

Above 10% is considered healthy but always compare Xponential to the Leisure industry mean.
A Net Profit Margin of -25.5% means that $-0.25 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Xponential Fitness Inc:

The MRQ is -69.0%. The company is making a huge loss. -2
The TTM is -25.5%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-69.0%	TTM	-25.5%	-43.5%
TTM	-25.5%	YOY	-16.1%	-9.4%
TTM	-25.5%	5Y	-19.5%	-6.0%
5Y	-19.5%	10Y	-19.5%	0.0%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-69.0%	6.9%	-75.9%
TTM	-25.5%	2.7%	-28.2%
YOY	-16.1%	2.8%	-18.9%
5Y	-19.5%	1.9%	-21.4%
10Y	-19.5%	3.2%	-22.7%

Measures how much net profit Xponential earns for each $1 of revenue.

Revenue is the amount of profit Xponential generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Xponential earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Xponential to the Leisure industry mean.
Can be used to compare companies within the Leisure industry.

You typically want a high profit margin. This means that for each $1 in sales, Xponential makes more profit. This shows the investor how efficiently Xponential is operating in general and compared to other companies in the same industry. Xponential operates in the Leisure industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Xponential. If profit margins remain low (compared to the Leisure industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Xponential is -25.5%. This means that Xponential earned $-0.25 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Leisure industry is 6.9%.
What is the trend?
The trend is important because it shows you how Xponential is performing over time. The most recent quarter might be important if Xponential released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Xponential up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Xponential with other companies in the same industry (Leisure).
Net profit margin should rise over the years.
Can be influenced when Xponential sells assets (profit will increase while costs remain the same).
It won’t show what part of Xponential is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Xponential

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Xponential = -41,115
Total revenue MRQ Xponential = 59,560
$-41,115 / $59,560 = -0.69 or -69.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Xponential is using its assets to generate profit.

Above 5% is considered healthy but always compare Xponential to the Leisure industry mean.
-3.1% Return on Assets means that Xponential generated $-0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Xponential Fitness Inc:

The MRQ is -8.9%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -3.1%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-8.9%	TTM	-3.1%	-5.7%
TTM	-3.1%	YOY	-1.3%	-1.8%
TTM	-3.1%	5Y	-1.8%	-1.4%
5Y	-1.8%	10Y	-1.8%	0.0%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-8.9%	1.3%	-10.2%
TTM	-3.1%	0.7%	-3.8%
YOY	-1.3%	0.8%	-2.1%
5Y	-1.8%	0.6%	-2.4%
10Y	-1.8%	0.8%	-2.6%

Shows how efficient Xponential is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

-3.1% return on assets means the company generated $-0.03 for each $1 in assets.

Higher is better
Above 5% is considered healthy but always compare Xponential to the Leisure industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on assets in their analysis

Shows the investor how effectively Xponential is using its resources to generate profit. If the return on assets (-3.1%) from Xponential are higher than the Leisure mean (1.3%) that means Xponential is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Xponential is -3.1%. This means the company generated $-0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Leisure industry is 1.3%.
What is the trend?
The trend is important because it shows you how Xponential is performing over time. The most recent quarter might be important if Xponential released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Xponential up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Xponential

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Xponential = -41,115
Total assets MRQ (balance sheet) from Xponential = 463,236
-41,115 / 463,236 = -0.09 or -8.9%

ROA is an important ratio as it will tell you how effectively Xponential is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Xponential is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Xponential to the Leisure industry mean.
0.0% Return on Equity means the company generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Xponential Fitness Inc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-116.7%	+116.7%
TTM	-	5Y	-46.7%	+46.7%
5Y	-46.7%	10Y	-46.7%	0.0%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-	2.8%	-2.8%
TTM	-	1.4%	-1.4%
YOY	-116.7%	1.9%	-118.6%
5Y	-46.7%	0.9%	-47.6%
10Y	-46.7%	1.7%	-48.4%

Shows how efficient Xponential is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

0.0% return on equity means Xponential generated $0.00 for each $1 the owners (shareholders) invested.

Higher is better
Above 15%-20% is considered healthy but always compare Xponential to the Leisure industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Leisure industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Xponential is 0.0%. This means that Xponential earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Return on Equity of the Leisure industry is 2.8%.
What is the trend?
The trend is important because it shows you how Xponential is performing over time. The most recent quarter might be important if Xponential released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Xponential up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Xponential

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Xponential = -41,115
Shareholders equity (balance sheet) MRQ Xponential = -58,544
-41,115 / -58,544 = 0.00 or 0.0%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Xponential Fitness Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Xponential is operating .

Measures how much profit Xponential makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Xponential to the Leisure industry mean.
An Operating Margin of -60.5% means the company generated $-0.60 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Xponential Fitness Inc:

The MRQ is -60.5%. The company is operating very inefficient. -2
The TTM is -17.7%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-60.5%	TTM	-17.7%	-42.8%
TTM	-17.7%	YOY	4.8%	-22.4%
TTM	-17.7%	5Y	-3.4%	-14.3%
5Y	-3.4%	10Y	-3.4%	0.0%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-60.5%	7.7%	-68.2%
TTM	-17.7%	2.4%	-20.1%
YOY	4.8%	2.2%	+2.6%
5Y	-3.4%	2.9%	-6.3%
10Y	-3.4%	2.6%	-6.0%

Measures how efficient Xponential is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Xponential to the Leisure industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Xponential is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Xponential is -17.7%. This means that Xponential earned $-0.18 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Leisure industry is 7.7%.
What is the trend?
The trend is important because it shows you how Xponential is performing over time. The most recent quarter might be important if Xponential released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Xponential up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Xponential

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Xponential = 36,142
Total revenue MRQ Xponential = 59,560
$36,142 / $59,560 = -0.60 or -60.5%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

Don’t worry about all the terms, I already calculated the operation margin for every company. Just use the search bar at the top of this page and fill in the ticker symbol of the stock you want to check. A healthy operating margin is above 15%. Always compare operating margin between the same type of companies and industries.

1.2.2. Operating Ratio

Measures how efficient Xponential is keeping operating costs low.

Below 1 is considered healthy (always compare to Leisure industry mean).
An Operation Ratio of 92.4% means that the operating costs are $0.92for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Xponential Fitness Inc:

The MRQ is 0.924. The company is less efficient in keeping operating costs low.
The TTM is 1.029. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	0.924	TTM	1.029	-0.105
TTM	1.029	YOY	1.029	+0.000
TTM	1.029	5Y	1.032	-0.003
5Y	1.032	10Y	1.032	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	0.924	1.441	-0.517
TTM	1.029	1.293	-0.264
YOY	1.029	1.329	-0.300
5Y	1.032	1.235	-0.203
10Y	1.032	1.080	-0.048

Measures how efficient the company is creating its products or services while keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

keypoint text= An operation ratio of 0.5 means that the operating costs are $0,5 for each $1 in net sales.

Lower is better
Below 1 is considered healthy (always use industry average)
Can be very different between industries
Can be used to compare companies

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

Things to be aware of

Only compare with other companies in the same industry
You need COGS (Cost Of Goods Sold) to calculate operating ratio which is not always shown in the income statement
Does not consider debt

The three steps every investor should look at:

What is the current net operating ratio?
What is the long term trend?
How does it compare to the industry?

How to calculate operating ratio

Operating ratio = Operating expenses plus COGS \ Net sales

Real life example

You need the following data to determine operating ratio:

Income statement

COGS is not specified on the income statement so we use the following calculation:

(cost of revenue plus total operating expenses) / total revenue
($12,700,000 plus $1,628,000) / $16,934,000 = 0.84

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Xponential Fitness Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Xponential is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Leisure industry mean).
A Current Ratio of 88.8% means the company has $0.89 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Xponential Fitness Inc:

The MRQ is 0.888. The company is just not able to pay all its short-term debts. -1
The TTM is 0.874. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.888	TTM	0.874	+0.014
TTM	0.874	YOY	0.513	+0.361
TTM	0.874	5Y	0.555	+0.319
5Y	0.555	10Y	0.555	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	0.888	1.680	-0.792
TTM	0.874	1.716	-0.842
YOY	0.513	1.798	-1.285
5Y	0.555	1.818	-1.263
10Y	0.555	1.606	-1.051

1.3.2. Quick Ratio

Measures if Xponential is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy (always compare to Leisure industry mean)
A Quick Ratio of 58.3% means the company can pay off $0.58 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Xponential Fitness Inc:

The MRQ is 0.583. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.557. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.583	TTM	0.557	+0.026
TTM	0.557	YOY	0.285	+0.272
TTM	0.557	5Y	0.337	+0.220
5Y	0.337	10Y	0.337	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	0.583	0.609	-0.026
TTM	0.557	0.683	-0.126
YOY	0.285	0.765	-0.480
5Y	0.337	0.718	-0.381
10Y	0.337	0.639	-0.302

1.4. Solvency of Xponential Fitness Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Xponential assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Leisure industry mean).
A Debt to Asset Ratio of 1.23 means that Xponential assets are financed with 122.7% credit (debt) and the remaining percentage (100% - 122.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Xponential Fitness Inc:

The MRQ is 1.227. The company is just not able to pay all its debts by selling its assets. -1
The TTM is 1.610. The company is unable to pay all its debts by selling its assets. -2

Trends

Current period		Compared to		+/-
MRQ	1.227	TTM	1.610	-0.382
TTM	1.610	YOY	0.737	+0.872
TTM	1.610	5Y	0.939	+0.671
5Y	0.939	10Y	0.939	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	1.227	0.481	+0.746
TTM	1.610	0.477	+1.133
YOY	0.737	0.474	+0.263
5Y	0.939	0.461	+0.478
10Y	0.939	0.461	+0.478

1.4.2. Debt to Equity Ratio

Measures if Xponential is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy (always compare to Leisure industry mean).
A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Xponential Fitness Inc:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	59.413	-59.413
TTM	-	5Y	23.765	-23.765
5Y	23.765	10Y	23.765	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-	0.924	-0.924
TTM	-	0.881	-0.881
YOY	59.413	0.847	+58.566
5Y	23.765	0.847	+22.918
10Y	23.765	0.844	+22.921

2. Market Valuation of Xponential Fitness Inc

2. Earnings

2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Xponential.

Above 15 is considered overpriced but is hard to determine (always use industry average).
A PE ratio of -11.43 means the investor is paying $-11.43 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Xponential Fitness Inc:

The EOD is -16.611. Company is losing money. -2
The MRQ is -11.426. Company is losing money. -2
The TTM is -13.154. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-16.611	MRQ	-11.426	-5.185
MRQ	-11.426	TTM	-13.154	+1.728
TTM	-13.154	YOY	-	-13.154
TTM	-13.154	5Y	-5.262	-7.892
5Y	-5.262	10Y	-5.262	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
EOD	-16.611	7.095	-23.706
MRQ	-11.426	7.650	-19.076
TTM	-13.154	7.931	-21.085
YOY	-	8.176	-8.176
5Y	-5.262	13.008	-18.270
10Y	-5.262	11.068	-16.330

Compares the company's stock price to its earnings.

Indicates if the company’s shares are under or overvalued. A very high PE ratio means that the price of the stock is much higher than the reported earnings.

How to use PE ratio

A PE ratio of 15 means the investor is paying $15 for every $1 in earnings

Above 15 is considered overpriced but is hard to determine (always use industry average)
Can be very different between industries
Can be used to compare companies

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

Things to be aware of

Only compare with other companies in the same industry
Some industries might have very high or very low PE ratios in general
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio

How to calculate PE ratio

PE ratio = market value per share / earnings per share (The market value per share is simply the current stock price. )

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) / end of period outstanding shares
Net profit = revenue - expenses
Outstanding shares can be found in the balance sheet

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Xponential.

Lower is better
A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Xponential Fitness Inc:

The MRQ is -0.138. Very Bad. -2
The TTM is -0.079. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-0.138	TTM	-0.079	-0.059
TTM	-0.079	5Y	-0.079	0.000
5Y	-0.079	10Y	-0.079	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-0.138	0.020	-0.158
TTM	-0.079	0.029	-0.108
5Y	-0.079	0.019	-0.098
10Y	-0.079	0.028	-0.107

PEG Ratio	Meaning
0.5	You can buy the stock cheap
1	You pay a fair price
2.5	The stock is overpriced

2. Books

2.3. Price to Book Ratio

Measures if the stock price of Xponential is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Leisure industry mean).
A PB ratio of -7.53 means the investor is paying $-7.53 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Xponential Fitness Inc:

The EOD is -10.952. Bad. Book ratio is negative. -2
The MRQ is -7.533. Bad. Book ratio is negative. -2
The TTM is -3.111. Bad. Book ratio is negative. -2

Trends

Current period		Compared to		+/-
EOD	-10.952	MRQ	-7.533	-3.419
MRQ	-7.533	TTM	-3.111	-4.422
TTM	-3.111	YOY	-	-3.111
TTM	-3.111	5Y	-1.244	-1.867
5Y	-1.244	10Y	-1.244	0.000

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
EOD	-10.952	1.659	-12.611
MRQ	-7.533	1.872	-9.405
TTM	-3.111	2.023	-5.134
YOY	-	2.040	-2.040
5Y	-1.244	1.928	-3.172
10Y	-1.244	1.585	-2.829

Measures if the stock price of Xponential is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

2.4. Latest News of Xponential Fitness Inc

Does Xponential Fitness Inc still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Xponential Fitness Inc to keep up to date. Note: the news is often already included in the price.

Date	Title	Read
2022-09-29 17:00	Camping World (CWH) Soars 9.1%: Is Further Upside Left in the Stock?	Read

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Xponential Fitness Inc.

3.1. Institutions holding Xponential Fitness Inc

Institutions are holding 93.621% of the shares of Xponential Fitness Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-06-30	Driehaus Capital Management LLC	7.7233	0.4272	2099650	1072035	104.3226
2022-06-30	Federated Hermes Inc	6.4188	0.0595	1745000	394758	29.2361
2022-06-30	Ameriprise Financial Inc	4.3292	0.0051	1176921	308780	35.568
2022-06-30	Eagle Asset Management, Inc.	4.1019	0.0878	1115124	1115124	0
2022-06-30	ALTA FOX CAPITAL MANAGEMENT, LLC	2.4958	1.7903	678509	678509	0
2022-06-30	Vanguard Group Inc	2.4232	0.0002	658756	178869	37.2731
2022-06-30	Ophir Asset Management Pty Ltd	2.1374	1.4134	581059	-1596665	-73.3181
2022-06-30	Woodline Partners LP	1.6017	0.0843	435426	435426	0
2022-06-30	Divisadero Street Capital Management, LP	1.3242	1.6164	360000	246500	217.1806
2022-06-30	MSD Partners, L.P.	1.1572	0.6757	314600	314600	0
2022-06-30	Wellington Management Company LLP	1.0439	0.0007	283800	283800	0
2022-06-30	Geode Capital Management, LLC	0.9329	0.0005	253616	58901	30.2499
2022-06-30	State Street Corporation	0.9126	0.0002	248110	80985	48.4577
2022-06-30	Hudson Bay Capital Management LP	0.6957	0.018	189134	124134	190.9754
2022-06-30	Rice Hall James & Associates, LLC	0.6653	0.1098	180879	534	0.2961
2022-06-30	Acadian Asset Management LLC	0.6047	0.0042	164399	164399	0
2022-06-30	Goldman Sachs Group Inc	0.5866	0.0005	159462	159462	0
2022-06-30	Frontier Capital Management CO Inc	0.5732	0.0225	155829	52164	50.3198
2022-06-30	Millennium Management LLC	0.5575	0.0012	151565	151565	0
2022-06-30	Oak Ridge Investments, LLC	0.5199	0.2583	141346	-10934	-7.1802
Total		40.805	6.5758	11093185

3.2. Funds holding Xponential Fitness Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-06-30	Federated Hermes Kaufmann Small Cap A	6.4188	0.4544	1745000	395000	29.2593
2022-06-30	Federated Hermes Kaufmann Small Cap Grow	6.4188	0.4534	1745000	395000	29.2593
2022-07-31	CT American Smaller Coms(US) InstAccGBP	2.7212	1.3799	739774	0	0
2022-06-30	Eagle Small Cap Growth â€“ Institutional	2.2263	0.6195	605231	605231	0
2022-08-31	Vanguard Total Stock Mkt Idx Inv	1.5426	0.0007	419364	0	0
2022-06-30	Carillon Eagle Small Cap Growth A	1.5072	0.4623	409755	409755	0
2022-07-31	Heptagon Driehaus US Micro Cap Eq C$ Acc	1.4804	0.9827	402460	0	0
2022-08-31	iShares Russell 2000 ETF	1.3071	0.0124	355333	-558	-0.1568
2022-07-31	Threadneedle (Lux) Amer Smlr Com 9U USD	0.9915	1.3707	269557	0	0
2022-08-31	Destinations Small-Mid Cap Equity I	0.814	0.3527	221285	-2118	-0.9481
2022-07-31	Driehaus Small Cap Growth Institutional	0.802	0.666	218021	-2202	-0.9999
2022-07-31	Heptagon Driehaus US Sm Cp Eq X1 USD Acc	0.7799	0.6643	212032	-1616	-0.7564
2022-08-31	Vanguard Extended Market Index Investor	0.6766	0.004	183949	6300	3.5463
2022-07-31	Calamos Timpani Small Cap Growth I	0.6106	0.6974	165994	1507	0.9162
2022-06-30	Timpani Small Cap Growth Equity	0.605	0.6407	164487	-59817	-26.6678
2022-06-30	Driehaus Micro Cap Growth USD	0.4923	0.9234	133826	-3953	-2.8691
2022-06-30	Fidelity® Small Cap Index	0.4684	0.0093	127352	30799	31.8985
2022-07-31	Driehaus Micro Cap Growth USD	0.4666	0.9752	126841	-6985	-5.2195
2022-08-31	iShares Russell 2000 Value ETF	0.4547	0.0187	123605	0	0
2022-08-31	State St Russell Sm/Mid Cp® Indx NL Cl C	0.3719	0.0057	101100	0	0
Total		31.1559	10.6934	8469966

3.3. Insider Transactions

Insiders are holding 9.588% of the shares of Xponential Fitness Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122
2022-04-11	Mark Grabowski	SELL	5175000	20	6122

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Xponential Fitness Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	-1.667	-10.146	+509%	0.187	-994%	-3.984	+139%	-3.984	+139%
Book Value Per Share Growth	-	-	9.997	-0.442	+104%	0.025	+39890%	-0.167	+102%	-0.167	+102%
Current Ratio	-	-	0.888	0.874	+2%	0.513	+73%	0.555	+60%	0.555	+60%
Debt To Asset Ratio	-	-	1.227	1.610	-24%	0.737	+67%	0.939	+31%	0.939	+31%
Debt To Equity Ratio	-	-	-	-	0%	59.413	-100%	23.765	-100%	23.765	-100%
Dividend Per Share	-	-	0.077	0.173	-55%	0.271	-72%	0.542	-86%	0.542	-86%
Eps	-	-	0.266	-0.275	+203%	-0.150	+156%	-0.199	+175%	-0.199	+175%
Eps Growth	-	-	82.693	212.761	-61%	-	-	212.761	-61%	212.761	-61%
Gains Per Share	-	-	10.074	-0.269	+103%	0.296	+3306%	0.375	+2584%	0.375	+2584%
Gross Profit Margin	-	-	1.120	1.120	+0%	1.545	-27%	1.416	-21%	1.416	-21%
Net Profit Margin	-	-	-0.690	-0.255	-63%	-0.161	-77%	-0.195	-72%	-0.195	-72%
Operating Margin	-	-	-0.605	-0.177	-71%	0.048	-1368%	-0.034	-94%	-0.034	-94%
Operating Ratio	-	-	0.924	1.029	-10%	1.029	-10%	1.032	-10%	1.032	-10%
Pb Ratio	-10.952	-45%	-7.533	-3.111	-59%	-	-100%	-1.244	-83%	-1.244	-83%
Pe Ratio	-16.611	-45%	-11.426	-13.154	+15%	-	-100%	-5.262	-54%	-5.262	-54%
Peg Ratio	-	-	-0.138	-0.079	-43%	-	-	-0.079	-43%	-0.079	-43%
Price Per Share	18.260	+31%	12.560	17.283	-27%	-	+100%	6.913	+82%	6.913	+82%
Quick Ratio	-	-	0.583	0.557	+5%	0.285	+104%	0.337	+73%	0.337	+73%
Return On Assets	-	-	-0.089	-0.031	-65%	-0.013	-85%	-0.018	-80%	-0.018	-80%
Return On Equity	-	-	-	-	0%	-1.167	0%	-0.467	0%	-0.467	0%
	EOD	+2 -1	MRQ	TTM	+12 -6	YOY	+9 -8	5Y	+11 -8	10Y	+11 -8

4.2. Fundamental Score

Let's check the fundamental score of Xponential Fitness Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-16.611
Price to Book Ratio (EOD)	Between	0-1	-10.952
Net Profit Margin (MRQ)	Greater than	0	-0.690
Operating Margin (MRQ)	Greater than	0	-0.605
Quick Ratio (MRQ)	Greater than	1	0.583
Current Ratio (MRQ)	Greater than	1	0.888
Debt to Asset Ratio (MRQ)	Less than	1	1.227
Debt to Equity Ratio (MRQ)	Less than	1	0.000
Return on Equity (MRQ)	Greater than	0.15	0.000
Return on Assets (MRQ)	Greater than	0.05	-0.089
Total			1/10 (10.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Xponential Fitness Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	48.007
Ma 20	Greater than	Ma 50	19.055
Ma 50	Greater than	Ma 100	17.794
Ma 100	Greater than	Ma 200	16.300
Open	Greater than	Close	17.800
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

	2021-06-30		2021-09-30		2021-12-31		2022-03-31		2022-06-30
Income before Tax	-7,918	-883	-8,801	-20,588	-29,389	12,143	-17,246	50,940	33,694
Operating Income	-392	-2,897	-3,289	-23,628	-26,917	12,143	-14,774	50,916	36,142
Net Income from Continuing Operations	-8,001	-903	-8,904	-20,881	-29,785	14,606	-15,179	46,656	31,477
Net Income Applicable to Common Shares	-8,001	-443	-8,444	-6,329	-14,773	7,254	-7,519	24,353	16,834

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in USD. All numbers in thousands.

Summary

Total Assets	463,236
Total Liabilities	568,583
Total Stockholder Equity	-58,544

	As reported
Total Liabilities	568,583
Total Stockholder Equity	+ -58,544
Total Assets	= 463,236

Assets

Total Assets	463,236
Total Current Assets	76,289
Long-term Assets	76,289

Total Current Assets

Total Current Assets (as reported)	76,289
Cash And Cash Equivalents	27,046
Net Receivables	23,065
Inventory	14,287
Other Current Assets	11,891
Total Current Assets (calculated)	76,289
+/-	0

Long-term Assets

Long-term Assets (as reported)	386,947
Property Plant Equipment	28,615
Goodwill	169,073
Intangible Assets	142,670
Other Assets	46,589
Deferred Long Term Asset Charges	43,080
Long-term Assets (calculated)	430,027
+/-	43,080

Liabilities & Shareholders' Equity

Total Current Liabilities	85,934
Long-term Liabilities	482,649
Total Stockholder Equity	-58,544

Total Current Liabilities

Total Current Liabilities (as reported)	85,934
Short-term Debt	2,960
Short Long Term Debt	2,960
Accounts payable	31,012
Other Current Liabilities	22,036
Total Current Liabilities (calculated)	58,968
+/-	26,966

Long-term Liabilities

Long-term Liabilities (as reported)	482,649
Long term Debt Total	126,823
Capital Lease Obligations Min Short Term Debt	12,877
Deferred Long Term Asset Charges	43,080
Warrants	200,000
Other Liabilities	139,989
Long-term Liabilities (calculated)	522,769
+/-	40,120

Total Stockholder Equity

Total Stockholder Equity (as reported)	-58,544
Retained Earnings	-634,518
Capital Surplus	586,570
Total Stockholder Equity (calculated)	-47,948
+/-	10,596

Other

Capital Stock	4
Cash and Short Term Investments	27,046
Common Stock Shares Outstanding	63,183
Common Stock Total Equity	4
Current Deferred Revenue	29,926
Liabilities and Stockholders Equity	510,039
Net Debt	118,574
Net Invested Capital	71,239
Net Tangible Assets	-170,287
Net Working Capital	-9,645
Minority Interest	-46,803
Short Long Term Debt Total	145,620

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

> Total Assets

0
0
0
322,838
340,647
354,910
363,085
415,544
434,644
463,236

463,236

434,644

415,544

363,085

354,910

340,647

322,838

> Total Current Assets

0
0
0
32,705
30,691
46,909
53,754
51,226
54,823
76,289

76,289

54,823

51,226

53,754

46,909

30,691

32,705

Cash And Cash Equivalents

0
0
0
11,299
7,350
18,882
24,405
21,320
14,154
27,046

27,046

14,154

21,320

24,405

18,882

7,350

11,299

Net Receivables

0
0
0
6,484
7,782
9,334
8,834
13,995
18,396
23,065

23,065

18,396

13,995

8,834

9,334

7,782

6,484

Other Current Assets

0
0
0
8,761
9,828
13,409
15,428
8,983
13,056
11,891

11,891

13,056

8,983

15,428

13,409

9,828

8,761

> Long-term Assets

0
0
0
290,133
309,956
308,001
309,331
364,318
379,821
386,947

386,947

379,821

364,318

309,331

308,001

309,956

290,133

Property Plant Equipment

0
0
0
13,694
13,621
12,587
12,375
12,773
30,089
28,615

28,615

30,089

12,773

12,375

12,587

13,621

13,694

Goodwill

0
0
0
139,680
147,863
147,863
147,863
169,073
169,073
169,073

169,073

147,863

139,680

Intangible Assets

0
0
0
98,124
109,537
107,896
106,502
136,863
134,532
142,670

142,670

134,532

136,863

106,502

107,896

109,537

98,124

Other Assets

0
0
0
0
39,904
40,734
42,591
45,609
47,542
46,589

46,589

47,542

45,609

42,591

40,734

39,904

Deferred Long Term Asset Charges

0
0
0
0
0
37,021
39,608
42,015
42,474
43,080

43,080

42,474

42,015

39,608

37,021

> Total Liabilities

0
0
0
318,089
330,541
352,356
760,341
626,013
699,846
568,583

568,583

699,846

626,013

760,341

352,356

330,541

318,089

> Total Current Liabilities

0
0
0
54,919
55,574
51,815
56,769
65,893
61,976
85,934

85,934

61,976

65,893

56,769

51,815

55,574

54,919

Short-term Debt

0
0
0
6,765
8,229
3,052
3,078
3,943
2,960
2,960

2,960

3,943

3,078

3,052

8,229

6,765

Short Long Term Debt

0
0
0
6,765
8,229
3,052
3,078
3,943
2,960
2,960

2,960

3,943

3,078

3,052

8,229

6,765

Accounts payable

0
0
0
18,339
15,989
14,283
14,880
14,905
12,359
31,012

31,012

12,359

14,905

14,880

14,283

15,989

18,339

Other Current Liabilities

0
0
0
15,568
15,201
15,890
17,244
24,298
20,993
22,036

22,036

20,993

24,298

17,244

15,890

15,201

15,568

> Long-term Liabilities

0
0
0
263,170
274,967
300,541
703,572
560,120
637,870
482,649

482,649

637,870

560,120

703,572

300,541

274,967

263,170

Long term Debt Total

0
0
0
0
0
204,733
91,857
127,983
127,382
126,823

126,823

127,382

127,983

91,857

204,733

Deferred Long Term Asset Charges

0
0
0
0
0
37,021
39,608
42,015
42,474
43,080

43,080

42,474

42,015

39,608

37,021

Warrants

0
0
0
0
0
0
491,404
276,890
327,821
200,000

200,000

327,821

276,890

491,404

Other Liabilities

0
0
0
0
90,623
95,808
120,311
155,247
164,195
139,989

139,989

164,195

155,247

120,311

95,808

90,623

Deferred Long Term Liability

0
0
0
0
36,825
38,100
39,608
42,015
43,889
43,080

43,080

43,889

42,015

39,608

38,100

36,825

> Total Stockholder Equity

0
0
0
4,749
10,106
2,554
-397,256
-654,429
-196,423
-58,544

-58,544

-196,423

-654,429

-397,256

2,554

10,106

4,749

Common Stock

0
0
0
113,697
123,802
124,251
4
4
4
4

124,251

123,802

113,697

Retained Earnings Total Equity

-634,518

-651,352

-643,833

-386,660

-120,243

Accumulated Other Comprehensive Income

-4,751

Capital Surplus

0
0
0
0
0
0
0
0
465,525
586,570

586,570

465,525

Treasury Stock

Other Stockholders Equity

0
0
0
-1,456
3,297
-1,454
-10,600
-10,600
454,925
575,970

575,970

454,925

-10,600

-1,454

3,297

-1,456

Balance Sheet

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Accounts Payable	14,905	18,339	16,825	9,849
Accumulated Other Comprehensive Income	-	-4,034	-1,659	-
Capital Stock	4	113,697	152,265	-
Cash	21,320	11,299	9,339	-
Cash And Short Term Investments	21,320	11,299	9,339	-
Common Stock	4	113,697	152,265	150,201
Common Stock Shares Outstanding	22,994	22,994	22,994	22,994
Common Stock Total Equity	4	113,697	152,265	-
Current Deferred Revenue	22,747	14,247	14,822	-
Deferred Long Term Asset Charges	42,015	-	-	-
Deferred Long Term Liab	42,015	35,445	35,821	18,117
Good Will	169,073	139,680	139,598	-
Intangible Assets	136,863	98,124	102,019	-
Inventory	6,928	6,161	4,769	4,527
Liabilities And Stockholders Equity	-28,416	322,838	325,667	-
Long Term Debt	127,983	176,002	149,612	-
Long Term Debt Total	127,983	-	-	-
Net Debt	110,606	171,468	143,840	-
Net Invested Capital	-522,503	187,516	179,857	-
Net Receivables	13,995	6,484	11,970	5,443
Net Tangible Assets	-960,365	-233,055	-214,939	-185,788
Net Working Capital	-14,667	-22,214	-24,804	-
Non Current Assets Total	364,318	290,133	294,140	-
Non Current Liabilities Other	155,247	12,807	25,045	-
Non Current Liabilities Total	560,120	263,170	242,658	-
Non Currrent Assets Other	45,609	38,635	38,536	-
Noncontrolling Interest In Consolidated Entity	443,960	-	-	-
Other Assets	45,609	38,635	38,536	18,786
Other Current Assets	8,983	8,761	5,449	1,929
Other Current Liab	24,298	15,568	21,117	17,016
Other Liab	155,247	87,168	93,046	50,861
Other Stockholder Equity	-10,600	2,578	-30,076	-31,298
Property Plant And Equipment Gross	-	13,694	13,987	-
Property Plant And Equipment Net	12,773	13,694	13,987	-
Property Plant Equipment	12,773	13,694	13,987	7,536
Retained Earnings	-643,833	-107,492	-93,852	-56,718
Retained Earnings Total Equity	-643,833	-	-	-
Short Long Term Debt	3,943	6,765	3,567	-
Short Long Term Debt Total	131,926	182,767	153,179	-
Short Term Debt	3,943	6,765	3,567	-
Total Assets	415,544	322,838	325,667	-
Total Current Assets	51,226	32,705	31,527	24,041
Total Current Liabilities	65,893	54,919	56,331	46,355
Total Liab	626,013	318,089	298,989	-
Total Stockholder Equity	-654,429	4,749	26,678	-
Warrants	276,890	-	-	-

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31
Accounts Payable	31,012	12,359	14,905	14,880	14,283	15,989	18,339	-	-	-
Accumulated Other Comprehensive Income	-	-	-	-	-	-4,751	-	-	-	-
Capital Lease Obligations	15,837	18,472	-	-	-	-	-	-	-	-
Capital Stock	4	4	4	4	124,251	-	-	-	-	-
Capital Surpluse	586,570	465,525	-	-	-	-	-	-	-	-
Cash	27,046	14,154	21,320	24,405	18,882	7,350	11,299	-	-	-
Cash And Short Term Investments	27,046	14,154	21,320	24,405	18,882	7,350	11,299	-	-	-
Common Stock	4	4	4	4	124,251	123,802	113,697	-	-	-
Common Stock Shares Outstanding	63,183	22,737	22,598	22,146	25,542	22,994	22,994	22,994	22,994	22,994
Common Stock Total Equity	4	4	4	4	124,251	123,802	-	-	-	-
Current Deferred Revenue	29,926	25,664	22,747	21,567	18,590	16,155	14,247	-	-	-
Deferred Long Term Asset Charges	43,080	42,474	42,015	39,608	37,021	-	-	-	-	-
Deferred Long Term Liab	43,080	43,889	42,015	39,608	38,100	36,825	-	-	-	-
Good Will	169,073	169,073	169,073	147,863	147,863	147,863	139,680	-	-	-
Intangible Assets	142,670	134,532	136,863	106,502	107,896	109,537	98,124	-	-	-
Inventory	14,287	9,217	6,928	5,087	5,284	5,731	6,161	-	-	-
Liabilities And Stockholders Equity	510,039	503,423	-28,416	363,085	354,910	340,647	322,838	-	-	-
Long Term Debt	126,823	127,382	127,983	91,857	204,733	184,344	176,002	-	-	-
Long Term Debt Total	126,823	127,382	127,983	91,857	204,733	-	-	-	-	-
Net Debt	118,574	134,660	110,606	70,530	188,903	185,223	171,468	-	-	-
Net Invested Capital	71,239	-66,081	-522,503	-302,321	210,339	202,679	187,516	-	-	-
Net Receivables	23,065	18,396	13,995	8,834	9,334	7,782	6,484	-	-	-
Net Tangible Assets	-170,287	-172,207	-960,365	-651,621	-252,126	-246,325	-	-	-	-214,939
Net Working Capital	-9,645	-7,153	-14,667	-3,015	-4,906	-24,883	-22,214	-	-	-
Non Current Assets Total	386,947	379,821	364,318	309,331	308,001	309,956	290,133	-	-	-
Non Current Liabilities Other	155,826	182,667	155,247	120,311	13,671	13,187	12,807	-	-	-
Non Current Liabilities Total	482,649	637,870	560,120	703,572	300,541	274,967	263,170	-	-	-
Non Currrent Assets Other	46,589	46,127	45,609	42,591	39,655	38,935	38,635	-	-	-
Noncontrolling Interest In Consolidated Entity	-46,803	-68,779	443,960	-	-	-	-	-	-	-
Other Assets	46,589	47,542	45,609	42,591	40,734	39,904	-	-	-	-
Other Current Assets	11,891	13,056	8,983	15,428	13,409	9,828	8,761	-	-	-
Other Current Liab	22,036	20,993	24,298	17,244	15,890	15,201	15,568	-	-	-
Other Liab	139,989	164,195	155,247	120,311	95,808	90,623	-	-	-	-
Other Stockholder Equity	575,970	454,925	-10,600	-10,600	-1,454	3,297	-1,456	-	-	-
Property Plant And Equipment Gross	-	-	-	-	12,587	13,621	-	-	-	-
Property Plant And Equipment Net	28,615	30,089	12,773	12,375	12,587	13,621	13,694	-	-	-
Property Plant Equipment	15,254	13,910	12,773	12,375	12,587	13,621	-	-	-	-
Retained Earnings	-634,518	-651,352	-643,833	-386,660	-120,243	-112,242	-107,492	-	-	-
Retained Earnings Total Equity	-634,518	-651,352	-643,833	-386,660	-120,243	-	-	-	-	-
Short Long Term Debt	2,960	2,960	3,943	3,078	3,052	8,229	6,765	-	-	-
Short Long Term Debt Total	145,620	148,814	131,926	94,935	207,785	192,573	182,767	-	-	-
Short Term Debt	2,960	2,960	3,943	3,078	3,052	8,229	6,765	-	-	-
Total Assets	463,236	434,644	415,544	363,085	354,910	340,647	322,838	-	-	-
Total Current Assets	76,289	54,823	51,226	53,754	46,909	30,691	32,705	-	-	-
Total Current Liabilities	85,934	61,976	65,893	56,769	51,815	55,574	54,919	-	-	-
Total Liab	568,583	699,846	626,013	760,341	352,356	330,541	318,089	-	-	-
Total Stockholder Equity	-58,544	-196,423	-654,429	-397,256	2,554	10,106	4,749	-	-	-
Warrants	200,000	327,821	276,890	491,404	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Begin Period Cash Flow	11,299	9,339	11,209	3,316
Capital Expenditures	4,858	2,890	7,507	8,484
Cash And Cash Equivalents Changes	10,021	-	-	-
Cash Flows Other Operating	-2,888	-	-	-
Change In Cash	10,021	1,960	-1,870	7,893
Change In Working Capital	13,377	7,249	16,716	21,534
Change Receivables	-6,471	-	-	-
Change To Account Receivables	-6,608	2,977	-6,567	-2,172
Change To Inventory	-768	-1,392	-296	-804
Change To Liabilities	26,997	8,714	41,667	33,441
Change To Netincome	33,889	-5,084	15,054	18,004
Change To Operating Activities	-6,244	-3,050	-18,088	-8,931
Depreciation	10,172	7,651	6,386	3,513
Dividends Paid	-19,592	-73,203	-73,203	-73,203
End Period Cash Flow	21,320	11,299	9,339	11,209
Free Cash Flow	9,593	-3,618	-5,959	-7,648
Investments	-1,438	-4,601	-9,779	-24,431
Issuance Of Capital Stock	320,412	-	0	-
Net Borrowings	-54,705	31,335	8,914	34,311
Net Income	-18,829	-13,640	-37,134	-42,478
Other Cashflows From Financing Activities	428,444	247,822	10,495	87,382
Other Cashflows From Investing Activities	-1,438	-619	-3,002	-3,002
Other Non Cash Items	32	-3,739	13,516	16,298
Sale Purchase Of Stock	-173,978	-	0	-
Total Cash From Financing Activities	46,205	7,289	6,361	31,488
Total Cash From Operating Activities	14,451	-728	1,548	836
Total Cashflows From Investing Activities	-50,635	-4,601	-9,779	-24,431

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31
Begin Period Cash Flow	15,750	21,320	25,544	20,203	7,350	11,299	10,920	12,891	8,570	9,339
Capital Expenditures	3,192	2,114	1,386	881	1,178	1,413	584	988	744	574
Cash And Cash Equivalents Changes	13,517	-5,570	-	-	-	-	-	-	-	-
Cash Flows Other Operating	15,425	-6,914	-	-	-	-	-	-	-	-
Change In Cash	13,517	-5,570	-4,224	5,341	12,853	-3,949	379	-1,971	4,321	-769
Change In Working Capital	15,686	-9,535	8,673	312	2,671	1,721	5,050	6,351	-3,006	-1,146
Change Receivables	-3,656	-3,295	-	-	-	-	-	-	-	-
Change To Account Receivables	-3,664	-3,300	-4,695	706	-1,446	-1,173	-251	1,821	669	738
Change To Inventory	-5,070	-2,289	-1,842	198	446	430	-1,076	-191	168	-293
Change To Liabilities	8,747	2,755	7,328	10,923	5,510	3,236	-	1,413	-4,120	3,844
Change To Netincome	-27,379	24,134	13,114	-10,622	-1,677	463	-	-5,272	-705	-4
Change To Operating Activities	4,115	-7,112	7,882	-11,515	-1,839	-772	-	3,308	277	-5,435
Depreciation	3,579	3,492	3,334	2,376	2,407	2,055	1,998	1,956	1,883	1,814
Dividends Paid	-4,875	-4,875	-4,875	-4,117	-4,117	-10,600	0	-10,600	-10,600	-73,203
End Period Cash Flow	29,267	15,750	21,320	25,544	20,203	7,350	11,299	10,920	12,891	8,570
Free Cash Flow	20,114	774	9,140	2,534	-468	-1,613	2,611	453	-7,078	396
Investments	-235	-159	-46,654	-1,868	-464	-1,649	-1,204	-1,176	-1,247	-
Issuance Of Capital Stock	-	-	0	-	-	-	-	-	-	-
Net Borrowings	-740	-786	36,880	-115,529	14,269	9,675	-	-10,926	12,630	30,556
Net Income	-41,115	-7,519	7,430	-13,508	-8,001	-4,750	-5,056	-1,883	-4,752	-1,949
Other Cashflows From Financing Activities	-747	-635	37,519	123,440	206,098	9,425	-687	8,690	12,937	226,882
Other Cashflows From Investing Activities	-596	-251	-1,001	-987	541	9	-	53	124	-450
Other Non Cash Items	40,727	1,202	-14,409	10,705	3,184	552	779	-5,445	-906	1,833
Sale Purchase Of Stock	-	-	0	-	-	-	-	-	-	-
Total Cash From Financing Activities	-6,362	-6,250	31,904	3,794	12,607	-2,100	-1,612	-2,236	11,902	-765
Total Cash From Operating Activities	23,306	2,888	10,526	3,415	710	-200	3,195	1,441	-6,334	970
Total Cashflows From Investing Activities	-3,427	-2,208	-46,654	-1,868	-464	-1,649	-	-1,176	-1,247	-974

Income Statement

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Cost Of Revenue	41,266	34,119	47,135	26,028
Depreciation And Amortization	10,172	7,651	6,386	3,513
Ebit	6,663	8,139	-20,883	-36,152
Ebitda	16,835	15,790	-14,497	-32,639
Gross Profit	113,813	72,473	81,995	33,236
Income Before Tax	-50,657	-13,271	-36,970	-42,405
Income Tax Expense	783	369	164	73
Interest Expense	24,709	21,410	16,087	6,253
Interest Income	1,164	345	168	56
Minority Interest	-32,611	5,035	0	-
Net Income	-18,829	-13,640	-37,134	-42,478
Net Income Applicable To Common Shares	-18,829	-13,640	-37,134	-42,478
Net Income From Continuing Ops	-51,440	-13,640	-37,134	-42,478
Net Interest Income	-23,545	-21,065	-15,919	-6,197
Non Operating Income Net Other	-19,838	-	-	-
Operating Income	-30,819	7,794	-21,051	-36,208
Other Operating Expenses	159,280	109,788	142,233	77,377
Reconciled Depreciation	10,172	7,651	6,386	3,513
Selling And Marketing Expenses	13,044	7,101	8,217	3,285
Selling General Administrative	94,798	60,917	80,495	44,551
Tax Provision	783	369	164	73
Total Operating Expenses	118,014	75,669	95,098	51,349
Total Other Income Expense Net	-19,838	-21,065	-15,919	-6,197
Total Revenue	155,079	106,592	129,130	59,264

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31
Cost Of Revenue	22,144	18,181	13,392	10,810	9,401	7,663	7,335	7,775	8,829	10,180
Depreciation And Amortization	3,579	3,492	3,334	2,376	2,407	2,055	1,998	1,956	1,883	1,814
Ebit	-36,032	-6,725	10,666	-7,550	3,673	-126	-479	2,805	-386	6,199
Ebitda	-32,453	-3,233	14,000	-5,174	6,080	1,929	1,519	4,761	1,497	8,013
Gross Profit	37,416	32,181	35,980	30,057	26,374	21,402	20,436	17,797	12,633	21,607
Income Before Tax	33,694	-17,246	-29,389	-8,801	-7,918	-4,549	-4,979	-1,753	-4,752	-1,787
Income Tax Expense	2,217	-2,067	396	103	83	201	77	130	-	162
Interest Expense	2,866	2,861	2,840	5,855	11,591	4,423	4,500	4,558	4,366	7,986
Interest Income	418	389	368	343	358	95	85	83	87	-
Minority Interest	14,643	-7,660	37,215	-4,848	-	1,834	-	0	-	-
Net Income	-41,115	-7,519	7,430	-13,508	-8,001	-4,750	-5,056	-1,883	-4,752	-1,949
Net Income Applicable To Common Shares	16,834	-7,519	-14,773	-8,444	-8,001	-4,750	-	-1,883	-4,752	-1,949
Net Income From Continuing Ops	31,477	-15,179	-29,785	-8,904	-8,001	-4,750	-5,056	-1,883	-4,752	-
Net Interest Income	-2,448	-2,472	-2,472	-5,512	-11,233	-4,328	-4,415	-4,475	-4,279	-
Non Operating Income Net Other	-2,448	-2,472	-	-5,512	-7,526	-	-	-	-	-
Operating Income	36,142	-14,774	-26,917	-3,289	-392	-221	-564	2,722	-473	6,109
Other Operating Expenses	55,045	55,592	53,198	41,276	35,870	28,936	28,385	27,981	26,970	26,452
Reconciled Depreciation	3,579	3,492	3,334	2,376	2,407	2,055	1,998	1,956	1,883	-
Selling And Marketing Expenses	4,937	4,355	3,740	3,828	2,860	2,616	2,074	1,621	821	2,585
Selling General Administrative	33,403	33,919	32,732	24,262	21,202	16,602	16,978	16,629	15,437	11,873
Tax Provision	2,217	-2,067	396	103	83	201	77	130	0	-
Total Operating Expenses	32,901	37,411	39,806	30,466	26,469	21,273	21,050	20,206	18,141	16,272
Total Other Income Expense Net	-2,448	-2,472	-2,472	-5,512	-7,526	-4,328	-4,415	-4,475	-4,279	-7,896
Total Revenue	59,560	50,362	49,372	40,867	35,775	29,065	27,771	25,572	21,462	31,787

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	155,079
Cost of Revenue	-41,266
Gross Profit	113,813	113,813

Operating Income (+$)
Gross Profit	113,813
Operating Expense	-118,014
Operating Income	-30,819	-4,201

Operating Expense (+$)
Research Development	-
Selling General Administrative	94,798
Selling And Marketing Expenses	13,044
Operating Expense	118,014	107,842

Net Interest Income (+$)
Interest Income	1,164
Interest Expense	-24,709
Net Interest Income	-23,545	-23,545

Pretax Income (+$)
Operating Income	-30,819
Net Interest Income	-23,545
Other Non-Operating Income Expenses	-19,838
Income Before Tax (EBT)	-50,657	-10,981 EBIT - interestExpense = -18,046 -18,046 5,880
Interest Expense	24,709
Earnings Before Interest and Taxes (ebit)	6,663	-25,948
Earnings Before Interest and Taxes (ebitda)	16,835

After tax Income (+$)
Income Before Tax	-50,657
Tax Provision	-783
Net Income From Continuing Ops	-51,440	-51,440
Net Income	-18,829
Net Income Applicable To Common Shares	-18,829

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	159,280
Total Other Income/Expenses Net	-19,838	43,383