Pinetree Capital Ltd. - PNPFF

PNPFF 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 %
PNPFF	10.3	15.6	35.7	52.3	79.5	173.8	92.5	601.8	-54.6	-98.0
S&P 500	-0.6	-0.5	2.3	7.3	12.1	32.1	27.0	90.7	191.4	33587.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	PNPFF
name	Pinetree Capital Ltd.
price	7.72
changes percentage	10.29
change	0.72
day low	7.42
day high	7.85
year high	7.85
year low	2.40
market cap	72467640
price avg 50	5.71
price avg 200	4.60
exchange	PNK
volume	2347
avg volume	362
open	7.42
previous close	7
eps	1.56
pe	4.95
earnings announcement	2025-02-26T21:00:00.000+0000
shares outstanding	9387000
timestamp	2024-11-14 19:46:45

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: 40.7%

Overall Quarterly Financial Health: 71.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	6649000	2082000	219.36
gross profit	6620000	2045000	223.72
gross profit ratio	1.0	0.98	1.37
research and development expenses	0	0.44	-100.00
operating expenses	745000	-928000	180.28
interest income	421000	280000	50.36
interest expense	16000	16000	0.00
ebitda	0	1154000	-100.00
ebitdaratio	0	0.55	-100.00
operating income	5904000	1154000	411.61
operating income ratio	0.89	0.55	60.20
net income	5753000	1180000	387.54
net income ratio	0.87	0.57	52.66
eps	0.61	0.13	369.23

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	4996000	3166000	57.80
gross profit	4996000	3156000	58.30
gross profit ratio	1	1.0	0.32
research and development expenses	0	0	NaN
operating expenses	4996000	154999	3,123.25
interest income	6000	69000	-91.30
interest expense	4000	4000	0.00
ebitda	0	0	NaN
ebitdaratio	0	-0.31	100.00
operating income	-9658000	-969000	-896.70
operating income ratio	-1.93	-0.31	-531.61
net income	4824000	-970000	597.32
net income ratio	0.97	-0.31	415.15
eps	0.51	-0.1	610.00

Overall Score of Quarterly Income Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 5 million in 2024Q3 from 3 million in 2024Q2 representing a change of 57.8%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 5 million in 2024Q3 from 3 million in 2024Q2 representing a change of 58.3%. This indicates a sales profitability growth, which is a positive sign for the company.

  Net Income: Net income increased to 5 million in 2024Q3 from -1 million in 2024Q2 representing a change of 597.32%. 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 0.51 in 2024Q3 from 0.51 in 2024Q2 representing a change of 610.0%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 5 million in 2024Q3 from 0 million in 2024Q2 representing a change of 3123.25%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to -10 million in 2024Q3 from -1 million in 2024Q2 representing a change of -896.7%. The decrease in operating income indicates worse operational performance and decreased profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	45749000	40062000	14.20
total liabilities	377000	443000	-14.90
total equity	43402000	33777000	28.50
cash and cash equivalents	2168000	6045000	-64.14
short term investments	0	0	NaN
long term investments	43448000	33905000	28.15
total current assets	2301000	6045000	-61.94
total non current assets	43448000	33905000	28.15
total current liabilities	590000	443000	33.18
total non current liabilities	0	240000	-100.00
common stock	342289000	342289000	0.00
retained earnings	-405094000	-410847000	1.40
total debt	198000	203000	-2.46

Overall Score of Annual Balance Sheet

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 46 million in 2023 from 40 million in 2022 representing a change of 14.2%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 0 million in 2023 from 0 million in 2022 representing a change of -14.9%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 43 million in 2023 from 34 million in 2022 representing a change of 28.5%. This indicates an increase in shareholders' equity.

  Retained Earnings: Retained Earnings increased to -405 million in 2023 from -411 million in 2022 representing a change of 1.4%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 0 million in 2023 from 0 million in 2022 representing a change of -2.46%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 2 million in 2023 from 6 million in 2022 representing a change of -64.14%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 2 million in 2023 from 6 million in 2022 representing a change of -61.94%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 1 million in 2023 from 0 million in 2022 representing a change of 33.18%. This indicates a higher short-term debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	60700000	55871000	8.64
total liabilities	361000	356000	1.40
total equity	60339000	55515000	8.69
cash and cash equivalents	3930000	2755000	42.65
short term investments	0	0	NaN
long term investments	56714000	52973000	7.06
total current assets	3930000	2898000	35.61
total non current assets	56770000	52973000	7.17
total current liabilities	0	356000	-100.00
total non current liabilities	0	164000	-100.00
common stock	342289000	342289000	0.00
retained earnings	-390127000	-394951000	1.22
total debt	0	192000	-100.00

Overall Score of Quarterly Balance Sheet

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 61 million in 2024Q3 from 56 million in 2024Q2 representing a change of 8.64%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 60 million in 2024Q3 from 56 million in 2024Q2 representing a change of 8.69%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 4 million in 2024Q3 from 3 million in 2024Q2 representing a change of 42.65%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 4 million in 2024Q3 from 3 million in 2024Q2 representing a change of 35.61%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -100.0%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to -390 million in 2024Q3 from -395 million in 2024Q2 representing a change of 1.22%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -100.0%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 1.4%. This indicates an increase in overall liabilities.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-3877000	-3894000	0.44
operating cash flow	-3877000	-3894000	0.44
free cash flow	-3877000	-3894000	0.44
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	-66000	31000	-312.90
inventory	3509000	58000	5,950.00
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	-3163000	100.00
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
cash at end of period	2168000	6045000	-64.14
accounts receivables	0	-58000	100.00
cash at beginning of period	6045000	9939000	-39.18

Overall Score of Annual Cashflow Statement

0.6 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -4 million in 2023 from -4 million in 2022 representing a change of 0.44%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -4 million in 2023 from -4 million in 2022 representing a change of 0.44%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -4 million in 2023 from -4 million in 2022 representing a change of 0.44%. This indicates an increase in cash generated after accounting for capital expenditures.

• 📉 Negative Indicators

  Accounts Payables: The absolute value of Accounts Payables increased to 0 million in 2023 from 0 million in 2022 representing a change of -312.9%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables increased to 0 in 2023 from 0 million in 2022 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	1175000	13000	8,938.46
free cash flow	1175000	13000	8,938.46
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	-18000	100.00
accounts payables	0	21000	-100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	1684000	-100.00
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
net change in cash	1175000	1697000	-30.76
cash at end of period	3930000	2755000	42.65
cash at beginning of period	2755000	1058000	160.40

Overall Score of Quarterly Cashflow Statement

0.6 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 1 million in 2024Q3 from 2 million in 2024Q2 representing a change of -30.76%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 1 million in 2024Q3 from 0 million in 2024Q2 representing a change of 8938.46%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 1 million in 2024Q3 from 0 million in 2024Q2 representing a change of 8938.46%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -100.0%. This indicates that the company has reduced 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

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.71	0.22	219.36
net income per share	0.61	0.13	387.54
operating cash flow per share	-0.41	-0.41	0.44
free cash flow per share	-0.41	-0.41	0.44
cash per share	0.23	0.64	-64.14
book value per share	4.83	4.22	14.52
tangible book value per share	4.83	4.22	14.52
shareholders equity per share	4.83	4.22	14.52
interest debt per share	0.02	0.02	-2.28
market cap	33678896.38	34956366.64	-3.65
enterprise value	31708896.38	29114366.64	8.91
pe ratio	5.85	29.62	-80.24
price to sales ratio	5.07	16.79	-69.83
pocfratio	-8.69	-8.98	3.23
pfcf ratio	-8.69	-8.98	3.23
pb ratio	0.74	0.88	-15.87
ptb ratio	0.74	0.88	-15.87
ev to sales	4.77	13.98	-65.90
enterprise value over ebitda	0	25.23	-100.00
ev to operating cash flow	-8.18	-7.48	-9.39
ev to free cash flow	-8.18	-7.48	-9.39
earnings yield	0.17	0.03	406.04
free cash flow yield	-0.12	-0.11	-3.34
debt to equity	0.0	0.01	-14.83
debt to assets	0.0	0.01	-14.59
net debt to ebitda	0	-5.06	100.00
current ratio	3.9	13.65	-71.42
interest coverage	369	72.12	411.61
income quality	-0.67	-3.3	79.58
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.05	0.33	-84.00
research and ddevelopement to revenue	0	0.0	-100.00
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	8.16	3.46	136.29
roic	0.13	0.03	336.09
return on tangible assets	0.13	0.03	326.94
graham net net	0.19	0.93	-79.37
working capital	1711000	5602000	-69.46
tangible asset value	45372000	39619000	14.52
net current asset value	1924000	5602000	-65.66
invested capital	1711000	5602000	-69.46
average receivables	56000	83000	-32.53
average payables	308500	218500	41.19
average inventory	2997500	2997500	0.00
days sales outstanding	0	19.63	-100.00
days payables outstanding	4745	2367.57	100.42
days of inventory on hand	0	59139.86	-100.00
receivables turnover	0	18.59	-100.00
payables turnover	0.08	0.15	-50.10
inventory turnover	0	0.01	-100.00
roe	0.13	0.03	325.72
capex per share	0	0	NaN

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.85 on 2023-12-31 from 29.62 on 2022-12-31, representing a change of -80.24%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 3.90 on 2023-12-31 from 13.65 on 2022-12-31, representing a change of -71.42%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 from 0.01 on 2022-12-31, representing a change of -14.83%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. 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.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
PNPFF
calendar year	2024	2024	NaN
revenue per share	0.53	0.34	57.80
net income per share	0.51	-0.1	597.32
operating cash flow per share	0.13	0.0	8,938.46
free cash flow per share	0.13	0.0	8,938.46
cash per share	0.42	0.29	42.65
book value per share	6.43	5.91	8.69
tangible book value per share	6.43	5.91	8.69
shareholders equity per share	6.43	5.91	8.69
interest debt per share	0.0	0.02	-97.96
market cap	68682374.49	56230189.51	22.15
enterprise value	64752374.49	53667189.51	20.66
pe ratio	3.56	-14.49	124.56
price to sales ratio	13.75	17.76	-22.60
pocfratio	58.45	4325.4	-98.65
pfcf ratio	58.45	4325.4	-98.65
pb ratio	1.14	1.01	12.38
ptb ratio	1.14	1.01	12.38
ev to sales	12.96	16.95	-23.54
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	55.11	4128.25	-98.67
ev to free cash flow	55.11	4128.25	-98.67
earnings yield	0.07	-0.02	507.16
free cash flow yield	0.02	0.0	7,299.78
debt to equity	0	0.0	-100.00
debt to assets	0	0.0	-100.00
net debt to ebitda	0	0	NaN
current ratio	0	8.14	-100.00
interest coverage	-2414.5	-242.25	-896.70
income quality	0.24	-0.01	1,917.44
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.01	0.03	-83.70
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	8.62	3.71	132.49
roic	-0.16	-0.02	-816.20
return on tangible assets	0.08	-0.02	557.76
graham net net	0.38	0.4	-4.38
working capital	3930000	2542000	54.60
tangible asset value	60339000	55515000	8.69
net current asset value	3569000	2542000	40.40
invested capital	3930000	2542000	54.60
average receivables	28000	0	NaN
average payables	246000	117500	109.36
average inventory	1377500	1377500	0.00
days sales outstanding	1.01	0	NaN
days payables outstanding	0	1179	-100.00
days of inventory on hand	0	24795	-100.00
receivables turnover	89.21	0	NaN
payables turnover	0	0.08	-100.00
inventory turnover	0	0.0	-100.00
roe	0.08	-0.02	557.56
capex per share	0	0	NaN

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 3.56 on 2024-09-30 Q3 from -14.49 on 2024-06-30 Q2, representing a change of 124.56%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 Q3 from 0.00 on 2024-06-30 Q2, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. 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.

• Negative

  Current Ratio: Current Ratio decreased to 0.00 on 2024-09-30 Q3 from 8.14 on 2024-06-30 Q2, representing a change of -100.00%. 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.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None