Fintech Ecosystem Development Corp. - FEXDW

FEXDW Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
FEXDW	0	0	0	-94.2	-91.2	-94.1	-99.4	-99.4	-99.4	-99.4
S&P 500	-1.3	-2.3	0.5	5.7	10.8	30.2	24.9	88.0	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	FEXDW
name	Fintech Ecosystem Development Corp.
price	0.00
changes percentage	6.25
change	0.00
day low	0.00
day high	0.02
year high	0.02
year low	0.00
market cap	74358409
price avg 50	0
price avg 200	0
exchange	NASDAQ
volume	393922
avg volume	0
open	0.02
previous close	0.00
eps	0
pe	0
earnings announcement	2023-03-31T00:00:00.000+0000
shares outstanding	43740240588
timestamp	2024-08-16 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 46.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0001852407
revenue	0	0	NaN
gross profit	-2027390	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	2027390	243849	731.41
interest income	1682935	2113	79,546.71
interest expense	-8182246	0	NaN
ebitda	-6499311	-243850	-2,565.29
ebitdaratio	0	0	NaN
operating income	-4054780	-243850	-1,562.82
operating income ratio	0	0	NaN
net income	3837124	-1882603	303.82
net income ratio	0	0	NaN
eps	0.33	-0.13	353.85

Overall Score of Annual Income Statement

0.83 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to -2 million in 2022 from 0 million in 2021 representing a change of nan%. This indicates a sales profitability decline, which is a negative sign for the company.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 2 million in 2022 from 0 million in 2021 representing a change of 731.41%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -6 million in 2022 from 0 million in 2021 representing a change of -2565.29%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -4 million in 2022 from 0 million in 2021 representing a change of -1562.82%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 4 million in 2022 from -2 million in 2021 representing a change of 303.82%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.33 in 2022 from 0.33 in 2021 representing a change of 353.85%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001852407
revenue	0	0	NaN
gross profit	0	-616740	100.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	1667031	616740	170.30
interest income	871211	1269126	-31.35
interest expense	16212	10908	48.62
ebitda	-387423.97	-616740	37.18
ebitdaratio	0	0	NaN
operating income	-405303	1554374	-126.07
operating income ratio	0	0	NaN
net income	-577758	692526	-183.43
net income ratio	0	0	NaN
eps	-0.06	0.05	-225.00

Overall Score of Quarterly Income Statement

None

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0001852407
total assets	119034334	116890053	1.83
total liabilities	6587534	9349877	-29.54
total equity	112446800	107540176	4.56
cash and cash equivalents	10335	612750	-98.31
short term investments	0	0	NaN
long term investments	118985048	0	NaN
total current assets	49286	699307	-92.95
total non current assets	118985048	116190746	2.40
total current liabilities	1808449	179371	908.22
total non current liabilities	4779085	9170506	-47.89
common stock	118392534	116150294	1.93
retained earnings	-5945734	-8610118	30.94
total debt	527502	0	NaN

Overall Score of Annual Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 119 million in 2022 from 117 million in 2021 representing a change of 1.83%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 7 million in 2022 from 9 million in 2021 representing a change of -29.54%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 112 million in 2022 from 108 million in 2021 representing a change of 4.56%. This indicates an increase in shareholders' equity.

  Common Stock: Common Stock increased to 118 in 2022 from 116 in 2021 representing a change of 1.93%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to -6 million in 2022 from -9 million in 2021 representing a change of 30.94%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2022 from 1 million in 2021 representing a change of -98.31%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2022 from 1 million in 2021 representing a change of -92.95%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 2 million in 2022 from 0 million in 2021 representing a change of 908.22%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 1 million in 2022 from 0 million in 2021 representing a change of nan%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001852407
total assets	42624075	121275191	-64.85
total liabilities	7886620	7020365	12.34
total equity	34737455	114254826	-69.60
cash and cash equivalents	1025	12184	-91.59
short term investments	0	0	NaN
long term investments	42583196	121227252	-64.87
total current assets	40879	47939	-14.73
total non current assets	42583196	121227252	-64.87
total current liabilities	3786828	2513844	50.64
total non current liabilities	4099792	4506521	-9.03
common stock	41558235	120634739	-65.55
retained earnings	-6820780	-6379913	-6.91
total debt	706957	669957	5.52

Overall Score of Quarterly Balance Sheet

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 43 million in 2023Q2 from 121 million in 2023Q1 representing a change of -64.85%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 8 million in 2023Q2 from 7 million in 2023Q1 representing a change of 12.34%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 35 million in 2023Q2 from 114 million in 2023Q1 representing a change of -69.6%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -91.59%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -14.73%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 4 million in 2023Q2 from 3 million in 2023Q1 representing a change of 50.64%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 42 in 2023Q2 from 121 in 2023Q1 representing a change of -65.55%. This indicates a decrease in ownership interest.

  Retained Earnings: Retained Earnings decreased to -7 million in 2023Q2 from -6 million in 2023Q1 representing a change of -6.91%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1 million in 2023Q2 from 1 million in 2023Q1 representing a change of 5.52%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0001852407
net change in cash	-602415	612750	-198.31
operating cash flow	-1122372	-189668	-491.76
free cash flow	-1122372	-189668	-491.76
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	811234	179371	352.27
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	-1150000	-116150000	99.01
debt repayment	519957	0	NaN
common stock issued	1150000	114596437	-99.00
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1669957	116952419	-98.57
cash at end of period	10335	612750	-98.31
accounts receivables	0	0	NaN
cash at beginning of period	612750	0	NaN

Overall Score of Annual Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -1 million in 2022 from 1 million in 2021 representing a change of -198.31%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2022 from 0 million in 2021 representing a change of -491.76%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -1 million in 2022 from 0 million in 2021 representing a change of -491.76%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables increased to 1 million in 2022 from 0 million in 2021 representing a change of 352.27%. This indicates that the company has increased its outstanding obligations to its suppliers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001852407
operating cash flow	-623813	-325073	-91.90
free cash flow	-623813	-325073	-91.90
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	290668	288471	0.76
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	78609613	-1150000	6,935.62
debt repayment	37000	150000	-75.33
common stock issued	0	1150000	-100.00
common stock repurchased	-78939613	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-77996959	1476922	-5,381.05
net change in cash	-11159	1849	-703.52
cash at end of period	1025	12184	-91.59
cash at beginning of period	12184	10335	17.89

Overall Score of Quarterly Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -703.52%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2023Q2 from 0 million in 2023Q1 representing a change of -91.9%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -1 million in 2023Q2 from 0 million in 2023Q1 representing a change of -91.9%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables increased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of 0.76%. This indicates that the company has increased its outstanding obligations to its suppliers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2022-12-31	2021-12-31	Y/Y change %
FY
calendar year	2022	2021	NaN
revenue per share	0	0	NaN
net income per share	0.27	-0.13	303.82
operating cash flow per share	-0.08	-0.01	-491.76
free cash flow per share	-0.08	-0.01	-491.76
cash per share	0.0	0.04	-98.31
book value per share	7.79	7.45	4.56
tangible book value per share	7.79	7.45	4.56
shareholders equity per share	7.79	7.45	4.56
interest debt per share	-0.53	0	NaN
market cap	147933125	142593100	3.74
enterprise value	148450292	141980350	4.56
pe ratio	38.55	-75.74	150.90
price to sales ratio	0	0	NaN
pocfratio	-131.8	-751.8	82.47
pfcf ratio	-131.8	-751.8	82.47
pb ratio	1.32	1.33	-0.78
ptb ratio	1.32	1.33	-0.78
ev to sales	0	0	NaN
enterprise value over ebitda	-22.84	-582.24	96.08
ev to operating cash flow	-132.26	-748.57	82.33
ev to free cash flow	-132.26	-748.57	82.33
earnings yield	0.03	-0.01	296.46
free cash flow yield	-0.01	-0.0	-470.40
debt to equity	0.0	0	NaN
debt to assets	0.0	0	NaN
net debt to ebitda	-0.08	2.51	-103.17
current ratio	0.03	3.9	-99.30
interest coverage	0.5	0	NaN
income quality	-0.29	0.1	-390.33
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	6.83	4.68	45.99
roic	-0.03	-0.0	-1,371.72
return on tangible assets	0.03	-0.02	300.15
graham net net	-0.46	-0.61	24.72
working capital	-1759163	519936	-438.34
tangible asset value	112446800	107540176	4.56
net current asset value	-6538248	-8650570	24.42
invested capital	-1759163	519936	-438.34
average receivables	0	None	NaN
average payables	584987.5	None	NaN
average inventory	0	None	NaN
days sales outstanding	0	0	NaN
days payables outstanding	178.34	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	2.05	0	NaN
inventory turnover	0	0	NaN
roe	0.03	-0.02	294.93
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2022-12-31 from -0.02 on 2021-12-31, representing a change of 294.93%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.03 on 2022-12-31 from 3.90 on 2021-12-31, representing a change of -99.30%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 38.55 on 2022-12-31 from -75.74 on 2021-12-31, representing a change of 150.90%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2023-06-30 Q2	2023-03-31 Q1	Q/Q change %
FEXDW
calendar year	2023	2023	NaN
revenue per share	0	0	NaN
net income per share	-0.06	0.05	-224.98
operating cash flow per share	-0.06	-0.02	-187.47
free cash flow per share	-0.06	-0.02	-187.47
cash per share	0.0	0.0	-87.40
book value per share	3.61	7.92	-54.46
tangible book value per share	3.61	7.92	-54.46
shareholders equity per share	3.61	7.92	-54.46
interest debt per share	0.08	0.05	59.11
market cap	101739644.16	152118550	-33.12
enterprise value	102445576.16	152776323	-32.94
pe ratio	-44.02	54.91	-180.17
price to sales ratio	0	0	NaN
pocfratio	-163.09	-467.95	65.15
pfcf ratio	-163.09	-467.95	65.15
pb ratio	2.93	1.33	119.98
ptb ratio	2.93	1.33	119.98
ev to sales	0	0	NaN
enterprise value over ebitda	-264.43	-247.72	-6.75
ev to operating cash flow	-164.22	-469.98	65.06
ev to free cash flow	-164.22	-469.98	65.06
earnings yield	-0.01	0.0	-224.74
free cash flow yield	-0.01	-0.0	-186.92
debt to equity	0.02	0.01	247.07
debt to assets	0.02	0.01	200.24
net debt to ebitda	-1.82	-1.07	-70.85
current ratio	0.01	0.02	-43.39
interest coverage	-25.0	142.5	-117.54
income quality	1.08	-0.47	330.02
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	2.21	2.92	-24.55
roic	-0.02	0.01	-265.07
return on tangible assets	-0.01	0.01	-337.37
graham net net	-0.82	-0.49	-68.56
working capital	-3745949	-2465905	-51.91
tangible asset value	34737455	114254826	-69.60
net current asset value	-7845741	-6972426	-12.53
invested capital	-3745949	-2465905	-51.91
average receivables	0	0	NaN
average payables	1424410	1134840	25.52
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	186.65	-100.00
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0.48	-100.00
inventory turnover	0	0	NaN
roe	-0.02	0.01	-374.40
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -0.02 on 2023-06-30 Q2 from 0.01 on 2023-03-31 Q1, representing a change of -374.40%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -44.02 on 2023-06-30 Q2 from 54.91 on 2023-03-31 Q1, representing a change of -180.17%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.01 on 2023-06-30 Q2 from 0.02 on 2023-03-31 Q1, representing a change of -43.39%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.02 on 2023-06-30 Q2 from 0.01 on 2023-03-31 Q1, representing a change of 247.07%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.04 which is lower than current price 0.0, indicates the company may be overvalued.