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Ebang International Holdings (EBON)
NASDAQ:EBON
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Ebang International Holdings
(NASDAQ:EBON)
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Rating:41Neutral
Price Target:―
EBON faces significant challenges with negative profitability and liquidity issues, as reflected in its financial performance. The technical analysis supports a bearish outlook, compounded by a negative valuation. The lack of positive insights from the earnings call further contributes to a low overall score.
Ebang International Holdings (EBON) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.30M
Dividend YieldN/A
Average Volume (3M)21.70K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth154.52%
EPS Growth47.31%
CountryUS
Employees218
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.72
Shares Outstanding4,989,746
10 Day Avg. Volume21,528
30 Day Avg. Volume21,697
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.14
Price to Sales (P/S)6.12
P/FCF Ratio-1.59
Enterprise Value/Market Cap-6.29
Enterprise Value/Revenue-25.97
Enterprise Value/Gross Profit-414.91
Enterprise Value/Ebitda7.16
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Ebang International Holdings Business Overview & Revenue Model
Company DescriptionEbang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform. In addition, the company offers fiber-optic communication access devices, including multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent terminal products, which consists gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. It serves the blockchain and telecommunications industries. The company also provides foreign exchange trading and digital currency transfer services, as well as deals in virtual currencies. It sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. The company was incorporated in 2018 and is headquartered in Hangzhou, China.
How the Company Makes MoneyEbang International Holdings generates revenue primarily through the sale of its cryptocurrency mining hardware, which is designed to deliver high efficiency and performance for cryptocurrency mining activities. The company's primary revenue stream comes from the manufacturing and selling of Bitcoin miners, which are crucial for individuals and businesses engaged in cryptocurrency mining. Ebang also explores opportunities to expand its revenue model by leveraging blockchain technology and cryptocurrency operations, potentially including the operation of cryptocurrency exchanges and other blockchain-based services. The company's earnings are significantly influenced by the market demand for cryptocurrencies, the technological advancement of its products, and strategic partnerships within the blockchain ecosystem.
Ebang International Holdings Financial Statement Overview
Summary
Ebang International Holdings is struggling financially with negative profitability margins and a decline in revenue growth. Although the company has a solid equity position and low leverage, liquidity is a concern due to negative free cash flow.Income Statement
The company shows a concerning negative gross profit margin and net profit margin, indicating that it is not generating sufficient revenue to cover costs. Revenue has decreased significantly, demonstrating a negative growth trend. Both EBIT and EBITDA margins are negative as well, highlighting operational inefficiencies and a lack of profitability.35
Negative
Balance Sheet
The company maintains a solid equity position, with a high equity ratio reflecting strong financial stability. The debt-to-equity ratio is low, indicating low leverage, which reduces financial risk. However, the return on equity is negative, signaling that the company is not generating profits from its equity base.60
Neutral
Cash Flow
Free cash flow is negative and has declined over the period, reflecting cash outflows exceeding inflows. The operating cash flow to net income ratio suggests operational challenges, as cash generated from operations is insufficient to cover net losses, impacting liquidity.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.34M | 5.87M | 4.86M | 32.33M | 51.45M | 19.00M |
| Gross Profit | 459.31K | 1.19M | -16.70M | 19.89M | 29.22M | -2.90M |
| EBITDA | -26.62M | -27.72M | -35.55M | -35.12M | 8.65M | -14.98M |
| Net Income | -18.54M | -20.25M | -36.77M | -43.89M | 4.43M | -30.68M |
Balance Sheet | ||||||
| Total Assets | 268.05M | 275.80M | 298.24M | 344.17M | 385.86M | 144.20M |
| Cash, Cash Equivalents and Short-Term Investments | 215.21M | 219.31M | 242.13M | 257.16M | 275.49M | 54.50M |
| Total Debt | 3.37M | 4.03M | 6.68M | 7.26M | 3.45M | 2.65M |
| Total Liabilities | 13.57M | 15.44M | 16.92M | 22.38M | 16.88M | 34.38M |
| Stockholders Equity | 253.64M | 259.59M | 279.84M | 318.93M | 363.74M | 103.13M |
Cash Flow | ||||||
| Free Cash Flow | -22.55M | -22.55M | -21.80M | -9.77M | -21.49M | -38.59M |
| Operating Cash Flow | -17.61M | -17.61M | -11.65M | 4.30M | -12.97M | -15.83M |
| Investing Cash Flow | -9.89M | -9.89M | 2.75M | 5.75M | -6.51M | -63.18M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | -20.00K | 247.18M | 92.06M |
Ebang International Holdings Technical Analysis
Neutral
4.48
Price Trends
4.45
Positive
4.21
Positive
4.41
Positive
Market Momentum
0.06
Positive
45.67
Neutral
31.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EBON, the sentiment is Neutral. The current price of 4.48 is below the 20-day moving average (MA) of 4.86, above the 50-day MA of 4.45, and above the 200-day MA of 4.41, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 31.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EBON.
Ebang International Holdings Risk Analysis
Ebang International Holdings disclosed 121 risk factors in its most recent earnings report. Ebang International Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The recent joint statement by the SEC and the PCAOB, rule changes by Nasdaq, and the HFCAA and related regulations, all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. These developments could add uncertainties to our continued listing or future offerings of our securities in the U.S. Q4, 2022
2.
We may face several risks due to disruptions in the digital asset markets, including but not limited to, the risk from depreciation in our stock price, financing risk, risk of increased losses or impairments in our investments or other assets, risks of legal proceedings and government investigations, and risks from price declines or price volatility of digital assets Q4, 2022
3.
Our cross-border payment business depends on our relationships with banks and other financial institutions around the world, which may impose fees, restrictions and compliance burdens on us that make our operations more difficult or expensive Q4, 2022
Ebang International Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $48.24M | ― | -24.73% | ― | -9.09% | -1586.89% | |
54 Neutral | $137.33M | ― | -44.58% | ― | 4.65% | -79.75% | |
50 Neutral | $783.24M | ― | -75.92% | ― | 82.61% | 42.42% | |
44 Neutral | $7.72M | ― | -16.13% | ― | -5.39% | -54.90% | |
41 Neutral | $30.30M | ― | -7.04% | ― | 154.52% | 47.31% | |
41 Neutral | $27.16M | ― | ― | ― | -9.92% | 30.84% |
* Technology Sector Average
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-23.42%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.