ENDIOTCInvestment AdviceFiscal year ends December 31
ENDI Corp.
Financials through Q4 FY2023, quarter ended Dec 31, 2023Last filing: 10-K on Apr 1, 2024
$15.20+0.45 (+3.05%)
Close on Oct 19, 2026
- Market cap
- $83.12M
- P/E (TTM)
- 33.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2009 to 2023
Gross margin
97.7%+71.2 pts over 5 years
Operating margin
17.9%+165.7 pts over 5 years
Net margin
26.4%+314.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2023
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +25.5% | – | +48.4% | +14.1% | |
| Gross profit | +24.3% | +26.8% | +92.5% | +22.7% | |
| Operating income | +55.7% | -16.7% | – | – | |
| Net income | +6.2% | -8.3% | – | +38.7% | |
| EPS, diluted | -30.3% | -28.5% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2014 | FY2018 | FY2023 | Trend |
|---|---|---|---|---|
| Return on equity | 26.8% | -24.2% | 11.6% | |
| Return on assets | 22.1% | -18.4% | 10.8% | |
| Current ratio | 0.99 | 0.46 | 14.42 | |
| Debt to equity | 0.02 | 0.41 | – | |
| Net debt to EBITDA | – | -3.53× | – | |
| Interest coverage | – | -3.7× | – | |
| Capex to revenue | – | 75.3% | 1.1% | |
| Diluted shares | 1M | 2M | 5M |
Cash use needs five years of cash flow figures
ENDI does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin26.4%
×Asset turnover0.41×
×Equity multiplier1.08×
=Return on equity, FY202311.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 26.4% | 0.41× | 1.08× | 11.6% |
| FY2022 | 31.2% | 0.60× | 1.22× | 22.7% |
| FY2021 | 35.2% | 0.45× | 15.95× | 254.7% |
| FY2019 | -149.8% | 0.20× | 1.37× | -40.5% |
| FY2018 | -288.2% | 0.06× | 1.32× | -24.2% |
| FY2017 | 23.6% | 0.67× | 1.08× | 17.1% |
| FY2016 | -2.2% | 0.71× | 1.09× | -1.7% |
| FY2015 | -53.0% | 0.37× | 1.11× | -21.8% |
| FY2014 | 46.9% | 0.47× | 1.21× | 26.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2023 against fiscal 2022
3of 8 tests passed in fiscal 2023. Some tests lack the figures they need.
- ProfitableNet income above zero$2.53M
- Cash generatingOperating cash flow above zero$2.71M
- Return on assets improvedROA up on the prior year58.8% → 11.8%
- Earnings backed by cashOperating cash flow above net income$2.71M vs $2.53M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose34.36 → 14.42
- No dilutionShare count did not rise4M → 5M
- Gross margin improvedGross margin up on the prior year98.64% → 97.72%
- More efficientAsset turnover rose1.88 → 0.45