Captivision Inc. (CAPT) 10-Year Financial Performance & Capital Metrics

CAPT • • Industrial / General

IndustrialsIndustrial SpecialtiesDigital Display SolutionsLED Display Systems

AboutCaptivision Inc. manufactures, installs, and sells LED display glasses in South Korea, North America, the Asia–Pacific region, Europe, the Middle East, and Africa. The company G-Glass, an integrated ICT product that characteristics of transparent glass. Captivision Inc. was founded in 2011 and is based in Nailsworth, the United Kingdom.Show more

Revenue $15M -27.5%
EBITDA -$11M -20187.3%
Net Income -$75M -1168.3%
EPS (Diluted) -4.05 -1925.0%
Gross Margin 13.93% -55.2%
EBITDA Margin -75.19% -27891.9%
Operating Margin -90.72% -619.5%
Net Margin -510.54% -1649.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -5.42 -95.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 4 (bottom 4%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-111.43%

5Y Avg-111.43%

3Y Avg-111.43%

Latest-

Peer Comparison

LED Display Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CAPTCaptivision Inc.	11.63M	0.36	-0.09	-27.51%	-278.33%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023
Sales/Revenue+	9.41M	20.19M	14.64M
Revenue Growth %	-	1.14%	-0.28%
Cost of Goods Sold+	10.54M	13.91M	12.6M
COGS % of Revenue	1.12%	0.69%	0.86%
Gross Profit+	-1.12M	6.28M	2.04M
Gross Margin %	-0.12%	0.31%	0.14%
Gross Profit Growth %	-	6.61%	-0.68%
Operating Expenses+	39.95K	8.83M	15.32M
OpEx % of Revenue	0%	0.44%	1.05%
Selling, General & Admin	7.72M	6.17M	12.41M
SG&A % of Revenue	0.82%	0.31%	0.85%
Research & Development	927.21K	300.49K	750.31K
R&D % of Revenue	0.1%	0.01%	0.05%
Other Operating Expenses	-8.61M	2.35M	2.16M
Operating Income+	-27.48M	-2.55M	-13.28M
Operating Margin %	-2.92%	-0.13%	-0.91%
Operating Income Growth %	-	0.91%	-4.22%
EBITDA+	-23.91M	-54.24K	-11M
EBITDA Margin %	-2.54%	-0%	-0.75%
EBITDA Growth %	-	1%	-201.87%
D&A (Non-Cash Add-back)	3.58M	2.49M	2.27M
EBIT	-35.67M	-8.03M	-13.29M
Net Interest Income+	-1.67M	-879.48K	-2.45M
Interest Income	202.43K	39.97K	0
Interest Expense	1.88M	919.45K	2.45M
Other Income/Expense	-36.5M	-6.86M	-60.85M
Pretax Income+	-63.99M	-9.4M	-74.12M
Pretax Margin %	-6.8%	-0.47%	-5.06%
Income Tax+	-3.6M	-1.51M	2.86M
Effective Tax Rate %	0.94%	0.63%	1.01%
Net Income+	-60.12M	-5.89M	-74.73M
Net Margin %	-6.39%	-0.29%	-5.11%
Net Income Growth %	-	0.9%	-11.68%
Net Income (Continuing)	-60.39M	-7.89M	-76.99M
Discontinued Operations	0	0	0
Minority Interest	3.61K	-60.58K	-2.38M
EPS (Diluted)+	-2.09	-0.20	-4.05
EPS Growth %	-	0.9%	-19.25%
EPS (Basic)	-2.09	-0.20	-4.05
Diluted Shares Outstanding	28.82M	27.71M	29.83M
Basic Shares Outstanding	28.82M	28.82M	29.83M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023
Total Current Assets+	13.59M	9.17M	10.64M
Cash & Short-Term Investments	239.34K	196.63K	476.71K
Cash Only	239.34K	196.63K	476.71K
Short-Term Investments	0	0	0
Accounts Receivable	5.22M	1.73M	4.25M
Days Sales Outstanding	202.2	31.34	105.98
Inventory	2.46M	5.71M	4.75M
Days Inventory Outstanding	85.17	149.93	137.5
Other Current Assets	2.43M	0	0
Total Non-Current Assets+	36.67M	27.46M	10.87M
Property, Plant & Equipment	16.17M	11.26M	10.49M
Fixed Asset Turnover	0.58x	1.79x	1.40x
Goodwill	0	0	0
Intangible Assets	4.25M	6.04M	93.83K
Long-Term Investments	8.77M	2.89M	107.86K
Other Non-Current Assets	5.54M	4.31M	186.57K
Total Assets+	50.26M	36.62M	21.52M
Asset Turnover	0.19x	0.55x	0.68x
Asset Growth %	-	-0.27%	-0.41%
Total Current Liabilities+	54.19M	27.7M	51.33M
Accounts Payable	8.25M	7.18M	6.22M
Days Payables Outstanding	285.75	188.5	180.22
Short-Term Debt	27.23M	13.86M	17.09M
Deferred Revenue (Current)	1000K	0	0
Other Current Liabilities	1.54M	612.4K	26.34M
Current Ratio	0.25x	0.33x	0.21x
Quick Ratio	0.21x	0.12x	0.11x
Cash Conversion Cycle	1.61	-7.22	63.26
Total Non-Current Liabilities+	8.33M	6.21M	16.56M
Long-Term Debt	1.97M	4.74M	4.86M
Capital Lease Obligations	119.59K	24.69K	13.94K
Deferred Tax Liabilities	0	1.3M	0
Other Non-Current Liabilities	6.25M	69.84K	11.68M
Total Liabilities	62.52M	33.91M	67.9M
Total Debt+	29.55M	18.74M	22.14M
Net Debt	29.08M	18.54M	21.66M
Debt / Equity	-	6.90x	-
Debt / EBITDA	-	-	-
Net Debt / EBITDA	-	-	-
Interest Coverage	-14.65x	-2.77x	-5.42x
Total Equity+	-12.26M	2.72M	-46.38M
Equity Growth %	-	1.22%	-18.07%
Book Value per Share	-0.43	0.10	-1.55
Total Shareholders' Equity	-12.27M	2.78M	-44M
Common Stock	6.21M	1.61K	2.9K
Retained Earnings	-56.49M	-62.35M	-136.79M
Treasury Stock	836.92K	-410.45K	-978.92K
Accumulated OCI	2.08M	1.88M	800.45K
Minority Interest	3.61K	-60.58K	-2.38M

Cash Flow

	Dec 2021	Dec 2022	Dec 2023
Cash from Operations+	-4.99M	-5.5M	-10.48M
Operating CF Margin %	-0.53%	-0.27%	-0.72%
Operating CF Growth %	-	-0.1%	-0.91%
Net Income	-60.11M	-7.89M	-74.73M
Depreciation & Amortization	3.58M	2.82M	2.6M
Stock-Based Compensation	277.64K	687.89K	2.53M
Deferred Taxes	0	-1.51M	0
Other Non-Cash Items	43.73M	9.73M	34.25M
Working Capital Changes	7.54M	-9.33M	24.86M
Change in Receivables	3.45M	4.69M	-5.87M
Change in Inventory	-1.23M	-3.32M	602.7K
Change in Payables	0	-1.66M	0
Cash from Investing+	5.2M	-1.1M	297.91K
Capital Expenditures	-181.41K	0	-191.22K
CapEx % of Revenue	0.02%	-	0.01%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	5.38M	234.92M	489.13K
Cash from Financing+	-125.11K	6.6M	10.51M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	7.82M	1.56M	8.99M
Net Change in Cash	-	-	-
Free Cash Flow+	-5.17M	-5.5M	-10.67M
FCF Margin %	-0.55%	-0.27%	-0.73%
FCF Growth %	-	-0.06%	-0.94%
FCF per Share	-0.18	-0.20	-0.36
FCF Conversion (FCF/Net Income)	0.08x	0.93x	0.14x
Interest Paid	1.04M	0	1.55M
Taxes Paid	0	0	0

Key Ratios

Metric	2021	2022	2023
Return on Equity (ROE)	-	-216.91%	-
Return on Invested Capital (ROIC)	-120.93%	-9.97%	-
Gross Margin	-11.9%	31.11%	13.93%
Net Margin	-638.5%	-29.18%	-510.54%
Debt / Equity	-	6.90x	-
Interest Coverage	-14.65x	-2.77x	-5.42x
FCF Conversion	0.08x	0.93x	0.14x
Revenue Growth	-	114.47%	-27.51%

Frequently Asked Questions

Growth & Financials

Captivision Inc. (CAPT) reported $30.0M in revenue for fiscal year 2023. This represents a 218% increase from $9.4M in 2021.

Captivision Inc. (CAPT) saw revenue decline by 27.5% over the past year.

Captivision Inc. (CAPT) reported a net loss of $83.4M for fiscal year 2023.

Dividend & Returns

Captivision Inc. (CAPT) had negative free cash flow of $15.2M in fiscal year 2023, likely due to heavy capital investments.

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