Sixty Six Capital Inc (SIX) AI Stock Analysis

• Market Cap: C$21.11M
• Dividend Yield: N/A
• Average Volume (3M): 60.69K
• Price to Earnings (P/E): 35.9
• Beta (1Y): 0.25
• Revenue Growth: N/A
• EPS Growth: -94.07%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 81
• Industry: Financial - Capital Markets
• EPS (TTM): 0.05
• Shares Outstanding: 145,574,740
• 10 Day Avg. Volume: 150,670
• 30 Day Avg. Volume: 60,689
• PEG Ratio: 0.16
• Price to Book (P/B): 2.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: C$0.00 ▼(-100.00%Downside)

Technical analysis and corporate events significantly boost the stock's outlook with strong bullish trends and strategic cryptocurrency investments. However, financial performance concerns, particularly around revenue decline and cash flow issues, moderate the overall score. Valuation suggests a potential overvaluation risk.

Sixty Six Capital Inc Business Overview & Revenue Model

Company Description

Sixty Six Capital Inc (SIX) is a publicly traded company that operates in the digital asset sector, focusing on investments in blockchain technologies and cryptocurrency. The company seeks to capitalize on the growing potential of digital finance by investing in blockchain infrastructure, digital assets, and related technologies. Through strategic investments and partnerships, Sixty Six Capital aims to leverage emerging opportunities in the decentralized finance market.

How the Company Makes Money

Sixty Six Capital Inc generates revenue primarily through its investment portfolio in blockchain technologies and digital assets. The company earns money by strategically investing in promising blockchain projects and cryptocurrency ventures, aiming for capital appreciation as these assets increase in value. Additionally, Sixty Six Capital may receive dividends or other financial benefits from its investments, depending on the performance and structure of the underlying assets or companies it invests in. Strategic partnerships and collaborations in the blockchain ecosystem also contribute to its revenue streams by enhancing the company's exposure to new investment opportunities and technological advancements.

Sixty Six Capital Inc Financial Statement Overview

Summary

Sixty Six Capital Inc. demonstrates strong profitability and operational efficiency, yet faces challenges in revenue growth and cash flow management. The company has improved its equity position, but negative free cash flow and declining assets may pose risks to future growth and liquidity. Balancing profitability with cash flow stability will be crucial for long-term success.

Income Statement

The income statement shows a decline in total revenue from $10.4M in 2023 to $8.36M in 2024, indicating a negative revenue growth rate. However, the company has maintained a high gross profit margin and net profit margin, suggesting strong profitability on the reduced revenue base. The EBIT and EBITDA margins are also robust, reflecting efficient operations despite the revenue drop.

Balance Sheet

The balance sheet indicates a moderate debt-to-equity ratio, reflecting a manageable level of leverage. The equity ratio shows a healthy proportion of equity financing. However, the company’s total assets have decreased year-over-year, which could be a concern for future growth. The increase in stockholders' equity is a positive sign, indicating improved financial stability.

Cash Flow

Cash flow analysis reveals a negative free cash flow, which is a concern for liquidity. The operating cash flow to net income ratio is negative, suggesting that net income is not translating into positive operating cash flow. Although investing cash flow is positive, it does not compensate for the overall negative free cash flow trend.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.36M	10.40M	0.00	1.78M	3.61M
Gross Profit	8.36M	10.40M	0.00	635.90K	-348.00K
EBITDA	7.83M	10.12M	-35.27M	25.40M	-4.13M
Net Income	7.36M	9.64M	-70.01M	24.41M	-6.90M
Balance Sheet
Total Assets	19.31M	12.07M	3.04M	39.11M	19.30M
Cash, Cash Equivalents and Short-Term Investments	18.52M	12.05M	3.02M	104.55K	198.58K
Total Debt	6.16M	6.87M	6.45M	5.97M	8.69M
Total Liabilities	6.23M	6.90M	7.67M	8.22M	13.68M
Stockholders Equity	13.08M	5.17M	-4.63M	30.89M	5.63M
Cash Flow
Free Cash Flow	-203.32K	-282.80K	-250.95K	-1.33M	-5.78M
Operating Cash Flow	-203.32K	-282.80K	-250.95K	-785.01K	-4.21M
Investing Cash Flow	2.10M	1.62M	0.00	1.08M	1.59M
Financing Cash Flow	-886.30K	-67.61K	187.57K	8.37K	1.98M

Sixty Six Capital Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SIX, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 78.52 is Negative, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SIX.

Sixty Six Capital Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIX	71 Outperform	C$21.11M	35.87	7.73%	―	―	-94.07%
Sector *	67 Neutral	$16.84B	11.72	9.71%	3.76%	11.61%	-9.60%
CSTR	43 Neutral	C$6.35M	―	-80.93%	―	-66.56%	4.86%
BTC	34 Underperform	C$8.71M	―	-277.57%	―	55.13%	90.42%

Sixty Six Capital Inc Corporate Events

Sixty Six Capital Expands Bitcoin Holdings with New Purchase

Sixty Six Capital Inc. has announced the purchase of 96,000 units of BTCC.B, equivalent to 13.5 bitcoins, for nearly $2 million, increasing its total bitcoin holdings to 126.8 BTC. This move signifies the company’s ongoing commitment to strengthening its position in the cryptocurrency market, potentially impacting its operations and market positioning.

Sixty Six Capital Accelerates Bitcoin Accumulation with New Acquisition and Private Placement

Sixty Six Capital Inc. has announced the acquisition of 18.2 Bitcoin, marking a strategic move to accelerate its Bitcoin accumulation strategy. The company plans to convert its current holdings in a Canadian ETF into direct Bitcoin holdings. Additionally, Sixty Six Capital is initiating a non-brokered private placement of common shares to raise up to USD 2.5 million, which will be used for further Bitcoin purchases and general corporate purposes. This move is expected to enhance the company’s positioning in the cryptocurrency market.

Sixty Six Capital Restructures Debt into Equity, Alters Shareholding Dynamics

Sixty Six Capital Inc. has converted CAD$3,589,399.75 of convertible secured grid promissory notes into 59,823,328 common shares, impacting the shareholding structure significantly. Notably, David Rowe and Robert Keith, major shareholders, have adjusted their holdings, with Rowe now holding 47.05% and Keith 36.54% of the company’s shares, reflecting a strategic realignment in their investment positions.