GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK
Remark Holdings Inc (NAS:MARK)
[1]
Possible Value Trap, Think Twice[5]$ 0.5119
GF Score: 51/100Market Cap: $ 54 Mil
Industry: Technology - Software
Remark Holdings Inc is an international digital media company. The company provides digital media experiences across multiple verticals, such as travel and entertainment and young adult lifestyle.
GF Value Rank
Rank: 2 /10CurrentIndustry MedianHistorical Median
PE Ratio1.9725.312.82
Forward P/EN/A24.04N/A
PB Ratio1.742.646.94
PS Ratio3.292.796.13
P/FCFN/A23.35N/A
Shiller P/EN/A32.35N/A
PEG RatioN/A1.45N/A
Valuation Analysis
Current% of Price
EPV-8.06-1,575
NCAV0.2957
Tangible Book0.3059
Price0.5119
Median PS Value0.96188
Graham Number1.31256
GF Value1.82356
Dividend & Ownership
Dividend Yield (TTM) %N/A
Dividend Yield (Forward) %N/A
Dividend Payout RatioN/A
Dividend Growth (5Y) %N/A
Yield on Cost (5Y) %N/A
Continuous Div. since0
Insider Ownership %5.20
Institution Ownership %5.41
Financial Strength
Rank: 4 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt2.023.860.58
Equity-to-Asset0.410.590.29
Interest Coverage0.0035.890.00
Piotroski F-Score553
Profitability Rank
Rank: 2 /10CurrentIndustry MedianHistorical Median
Operating Margin %-86.993.31-223.04
Net Margin %171.812.26-217.73
ROE %222.403.04-328.87
ROA %66.041.21-77.41
ROC (Joel Greenblatt) %4625.6212.88-535.74
Growth Rank(* per share data)
Rank: 1 /1010-Yr5-Yr1-Yr
Revenue Growth %-6.5-51.131.9
EBITDA Growth %N/AN/AN/A
Oprt. Income Growth %15.537.5N/A
EPS w/o NRI Growth %N/AN/AN/A
FCF Growth %11.316.0N/A
Book Value Growth %N/AN/AN/A
Momentum Rank
Rank: 5 /10CurrentIndustry MedianHistorical Median
5-Day RSI57.2146.00N/A
9-Day RSI47.7142.82N/A
14-Day RSI43.5442.34N/A
6-1M Momentum %-52.12-17.22N/A
12-1M Momentum %-58.22-12.97N/A
Quarterly
Dec20Mar21Jun21Sep21Dec21
Revenue4.774.414.021.236.33
Net Income-5.86-5.46-1.5672.75-38.25
EPS-0.06-0.05-0.020.72-0.39
Revenue YoY %1,734922.2774.68-53.3632.82
Net Income YoY %-35.23125.38-84.101,548552.76
EPS YoY %-70.00---81.821,700550.00
Free Cash Flow-3.52-5.54-0.79-3.95-10.13
Cash & Equiv.0.850.910.1280.7956.54
Current Assets8.8012.0411.5392.0174.51
Short-Term Debt & CLO1.886.336.426.5228.00
Current Liabilities17.0623.1525.4124.3344.44
Total Liabilities20.4028.0528.9424.3844.47
Stockholders Equity-9.09-13.67-15.2168.7031.03
Warning Signs
SEVEREAltman Z-Score: Distress
SEVEREBeneish M-Score: Possible manipulator
SEVERESloan Ratio: Poor quality of earnings
SEVERERevenue per Share: Declined
Good Signs
GOODPrice: Close to 2-year low
As of 05-20-2022
* All financial numbers are in millions except for per share data, ratios and percentage change.
%GainSP500
1W16.31-0.73
1M-21.95-12.49
3M-38.83-10.03
6M-62.64-16.39
YTD-48.37-17.75
1Y-67.39-3.96
3Y-23.4212.66
5Y-29.7912.26
10Y-17.9213.75
14.15
6.94
0.27
77M
38.3M
2012201320142015201620172018201920202021CurrentPerformance
6.855.658.895.185.1810.1114.152.933.404.426.70Highest Stock Price
0.841.244.203.633.371.991.070.470.270.850.38Lowest Stock Price
12515810287276472718910454Market Cap
6.67.711.915.320.523.839.144.485.6101.7105.6Shares Outstanding-Diluted
At LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossAt Loss3.671.97PE Ratio
4.9622.6211.268.45----------3.361.74PB Ratio
22.8917.5829.425.561.363.274.714.6015.976.323.29PS Ratio
-2.31-8.88-3.91-4.59-7.42-3.25-6.29-2.42-15.932.530.84EV-to-EBITDA
2012201320142015201620172018201920202021TTMPer Share Data
0.080.270.160.932.892.970.260.110.120.160.16Revenue per Share
-0.91-0.90-1.53-2.06-1.54-4.49-0.55-0.58-0.160.270.26Earnings per Share
-0.83-0.50-0.74-1.18-0.41-0.51-0.44-0.45-0.21-0.20-0.20Free Cash Flow per Share
----------------------Dividends per Share
-0.13-0.29-0.52-2.20-3.00-4.35-0.36-0.55-0.090.300.30Tangible Book per Share
----------36.493.960.490.490.960.96Median PS Value
------------------1.341.31Graham Number
2012201320142015201620172018201920202021TTMIncome Statement
0.502.051.8414.2359.3370.6010.055.0210.1515.9915.99Revenue
0.502.051.7611.6948.1753.69-2.851.513.724.544.54Gross Profit
----95.9782.1881.2076.05-28.3530.0036.7028.3628.36Gross Margin %
6.557.9319.3634.2769.6176.4339.4421.7417.2018.4418.44Total Operating Expense
-6.05-5.89-17.59-22.58-21.44-22.73-42.29-20.23-13.47-13.91-13.91Operating Income
-1,207-287.40-957.13-158.67-36.13-32.20-420.68-403.03-132.80-86.99-86.99Operating Margin %
-6.04-6.97-18.21-31.45-31.68-106.74-21.56-25.61-13.6927.4727.47Net Income
-1,205-340.09-990.75-221.01-53.40-151.18-214.44-510.24-134.89171.81171.81Net Margin %
-5.97-6.60-17.75-29.52-26.25-101.81-15.47-21.13-12.3429.7929.79EBIT
-5.74-5.94-16.98-26.24-15.95-90.74-13.38-20.15-12.0429.9829.98EBITDA
-232.58-292.83-489.85-364.90-669.89--------250.41222.40ROE %
-119.64-98.93-141.83-55.88-31.63-102.02-21.85-47.16-104.7163.2966.04ROA %
2012201320142015201620172018201920202021Dec21Balance Sheet
1.361.261.535.426.8922.631.410.270.8514.1914.19Cash & Equivalents
6.367.7217.9694.59105.70103.5493.8114.8311.3175.5075.50Total Assets
0.120.183.010.310.2841.0938.3117.901.8828.0028.00Short-Term Debt & CLO
2.092.656.5823.8037.83----4.651.620.030.03Long-Term Debt & CLO
3.865.4712.7882.53108.30183.13106.9342.5620.4044.4744.47Total Liabilities
2.502.265.1812.06-2.60-79.59-13.12-27.73-9.0931.0331.03Total Stockholders Equity
2.502.265.1812.06-2.60-79.59-13.12-27.73-9.0931.0331.03Total Equity
2012201320142015201620172018201920202021TTMCashflow Statement
-4.95-3.74-6.95-16.17-5.16-8.52-16.21-19.79-18.05-20.17-20.17Cash Flow from Operations
-0.82-2.78-4.16-2.17-10.50-3.50-2.4311.47-0.292.102.10Cash Flow from Investing
5.606.4311.3433.9017.1227.779.88-16.9618.9231.4131.41Cash Flow from Financing
-0.18-0.090.2615.561.4615.75-8.75-25.280.5813.3313.33Net Change in Cash
1.361.261.5317.0918.5534.3025.550.270.8514.1914.19Ending Cash Position
-0.52-0.12-1.83-1.91-3.16-3.60-0.88-0.14-0.29-0.22-0.22Capital Expenditure
-5.47-3.86-8.78-18.08-8.32-12.11-17.08-19.92-18.34-20.40-20.40Free Cash Flow
Competitor
TickerCompanyMarket Cap
($M)
PE RatioGF Score
/100
Financial
Strength /10
Profitability
Rank /10
GF Value
Rank /10
Growth
Rank /10
Momentum
Rank /10
XTAE:UTRNUtron Ltd58N/A1430000
NAS:MARKRemark Holdings Inc541.975142215
XCNQ:TAALTaal Distributed Information Technologies Inc53At Loss4341401
TSE:3850Ntt Data Intramart Corp5110.5171108271
NAS:VRARThe Glimpse Group Inc51At Loss2080000
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Financial Strength[2] (Quarterly data, as of Dec. 2021) : Fair (4/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 2.02

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.41

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 0.90

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 5

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 20.64% vs ROIC : -97.80%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 0.00%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Profitability[3] (Annual data, as of Dec. 2021) : Poor (2/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $6 Mil vs Net Income : $-38 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $14 Mil vs Long-Term Debt* : $0 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : -17.59%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $-0.39

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $-0.10

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Valuation (Quarterly data, as of Dec. 2021)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $0.5119)


PE Ratio without NRI : 3.67

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 3.36

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 6.32

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 0.00

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 2.54

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Altman Z-Score : Distress

Altman Z-score of -3.52 is in distress zone. This implies bankrupcy possibility in the next two years.

Beneish M-Score : Possible manipulator

Beneish M-Score -1.41 higher than -1.78, which implies that the company might have manipulated its financial results.

Sloan Ratio : Poor quality of earnings

When Sloan Ratio (60.32)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

Revenue per Share : Declined

Remark Holdings Inc revenue per share has been in decline for the last 5 years.

Operating Margin % : Declined

Remark Holdings Inc operating margin has been in 5-year decline. The average rate of decline per year is -27.9%.

Good Signs

Price : Close to 2-year low

Remark Holdings Inc stock Price is close to 2-year low

PS Ratio : Close to 3-year low

Remark Holdings Inc stock PS Ratio (=3) is close to 3-year low of 3

Medium Warning Signs

Tax Rate : Tax Rate is too low

Company seems to be paying lower tax, which may boast earnings, and may not be sustainable.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Competitive Comparison


5 Year Price Change Comparison


Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
TSE:3850Ntt Data Intramart Corp10/10No Debt0.620.00No Debt64.090.001.3316.71
TSE:4178Sharing Innovations Inc10/10No Debt0.710.00380063.00811.17-2.456.0728.61
XKRX:069410nTels Co Ltd10/10159.940.780.01241.5765.71-3.41-1.817.92
TSE:4667Aisan Technology Co Ltd8/1014.760.770.0546.3564.81-2.938.906.28
NAS:VRARThe Glimpse Group Inc8/1040.180.940.020.00N/A15.760.007.84-292.43
ROCO:6690Acer Cyber Security Inc4/100.400.341.0466.0761.64-3.134.9515.67
NAS:MARKRemark Holdings Inc4/102.020.410.900.005-3.52-1.4120.64-97.80
XCNQ:TAALTaal Distributed Information Technologies Inc4/100.280.750.280.0061.63-0.72-0.52-3.33
XTAE:UTRNUtron Ltd3/100.000.000.000.00N/A0.000.000.000.00
ASX:IXUIXUP Ltd0/1092.510.880.000.00327.050.0011.03-144.79

Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
TSE:4667Aisan Technology Co Ltd8/105.634.783.102.4836.3828.05-7.80-3.40-10.40
TSE:3850Ntt Data Intramart Corp8/1012.428.5215.269.430.00578.584.40-9.80-36.50
ROCO:6690Acer Cyber Security Inc7/1011.309.5516.248.938.3368.908.0027.204.10
XKRX:069410nTels Co Ltd6/104.257.268.336.888.8385.74-2.1043.1022.10
TSE:4178Sharing Innovations Inc5/108.495.4318.4013.1429.01540.8481.0069.7052.20
NAS:MARKRemark Holdings Inc2/10-86.99171.81222.4066.040.004625.62-15.100.000.00
XCNQ:TAALTaal Distributed Information Technologies Inc1/10-3.98-13.27-10.72-8.540.00-33.710.0064.2053.60
ASX:IXUIXUP Ltd0/10-2698.77-2564.13-74.22-65.880.00-15044.71-100.0041.9042.40
NAS:VRARThe Glimpse Group Inc0/10-124.59-158.29-68.09-54.790.00-556.320.000.000.00
XTAE:UTRNUtron Ltd0/100.000.000.000.000.000.000.000.000.00

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
ASX:IXUIXUP LtdAt Loss2.5574.000.000.000.000.000.00-18.350.00
XCNQ:TAALTaal Distributed Information Technologies IncAt Loss1.232.065.000.000.000.000.00-14.670.00
NAS:VRARThe Glimpse Group IncAt Loss1.588.590.000.000.000.000.00-30.090.00
NAS:MARKRemark Holdings Inc1.971.743.290.000.000.530.000.39116.510.00
TSE:3850Ntt Data Intramart Corp10.511.490.901.010.000.500.000.9932.463.69
XKRX:069410nTels Co Ltd18.281.441.331.440.000.800.001.1015.030.00
ROCO:6690Acer Cyber Security Inc18.853.111.800.000.000.000.851.885.390.00
TSE:4178Sharing Innovations Inc37.295.542.030.000.000.000.003.684.870.00
TSE:4667Aisan Technology Co Ltd53.451.652.541.370.000.880.002.024.785.71
XTAE:UTRNUtron LtdN/A0.000.090.000.000.000.000.000.000.00
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Per Share Data


Per Share Data

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
--
0.30
0.09
0.42
1.24
0.92
0.08
0.27
0.16
0.93
2.89
2.97
0.26
0.11
0.12
0.16
0.16
Revenue per Share
-2.71
-33.96
-3.06
-1.93
-1.07
-1.21
-0.87
-0.77
-1.43
-1.72
-0.78
-3.82
-0.34
-0.45
-0.14
0.30
0.32
EBITDA per Share
-2.71
-34.25
-3.10
-2.01
-1.12
-1.25
-0.90
-0.85
-1.49
-1.93
-1.28
-4.28
-0.40
-0.48
-0.14
0.29
0.32
EBIT per Share
-2.74
-34.20
-4.15
-2.22
-1.10
-1.26
-0.91
-0.90
-1.53
-2.06
-1.54
-4.49
-0.55
-0.58
-0.16
0.27
0.26
Earnings per Share (Diluted)
-2.74
-12.90
-4.12
-2.22
-1.10
-1.26
-0.91
-0.90
-1.53
-2.06
-1.54
-4.49
-0.48
-0.52
-0.16
0.27
0.26
EPS without NRI
--
--
--
--
--
-1.25
-0.75
-0.71
-1.41
-1.48
-1.05
-3.64
-0.35
-0.54
-0.20
0.17
0.17
Owner Earnings per Share (TTM)
-0.61
-11.11
-2.45
-1.74
-0.71
-0.61
-0.83
-0.50
-0.74
-1.18
-0.41
-0.51
-0.44
-0.45
-0.21
-0.20
-0.20
Free Cash Flow per Share
-0.58
-10.88
-2.32
-1.72
-0.68
-0.55
-0.75
-0.48
-0.59
-1.06
-0.25
-0.36
-0.42
-0.45
-0.21
-0.20
-0.20
Operating Cash Flow per Share
0.05
0.75
3.36
1.63
0.90
0.28
0.19
0.12
0.12
0.28
0.31
0.80
0.04
0.01
0.01
0.54
0.54
Cash per Share
-0.63
5.38
4.56
2.69
1.63
0.50
0.35
0.21
0.41
0.61
-0.12
-2.80
-0.34
-0.54
-0.09
0.30
0.30
Book Value per Share
-0.66
3.22
3.48
2.50
1.54
0.48
-0.13
-0.29
-0.52
-2.20
-3.00
-4.35
-0.36
-0.55
-0.09
0.30
0.30
Tangible Book per Share
0.04
--
--
--
--
--
0.31
0.26
0.75
1.23
1.71
1.45
0.98
0.44
0.04
0.27
0.27
Total Debt per Share
--
62.30
3.80
3.04
4.17
3.43
1.74
4.66
4.56
5.18
3.92
9.73
1.21
0.52
1.90
0.99
0.51
Month End Stock Price

Ratios

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
--
-359
-88.84
-61.10
-50.92
-119
-233
-293
-490
-365
-670
--
--
--
--
250
222
ROE %
--
-31.02
-107
-54.07
-19.97
-17.20
-46.89
-12.95
-43.50
-43.18
--
--
--
--
--
74.53
128
ROE % Adjusted to Book Value
-663
-216
-71.86
-56.29
-45.80
-99.90
-120
-98.93
-142
-55.88
-31.63
-102
-21.85
-47.16
-105
63.29
66.04
ROA %
--
-668
-131
-74.01
-54.40
-125
-737
--
--
--
--
--
--
--
--
250
222
Return-on-Tangible-Equity
-727
-298
-96.95
-67.08
-48.59
-105
-185
-267
-431
-138
-78.30
-211
-28.31
-47.82
-107
63.29
66.04
Return-on-Tangible-Asset
-11,313
-564
-213
-1,041
-1,072
-1,433
-1,561
-2,150
-2,204
-315
-160
-704
-200
-624
-448
4,368
4,626
ROC (Joel Greenblatt) %
--
-322
-62.29
-53.89
-51.17
-114
-151
-134
-206
-84.26
-43.16
-265
-718
--
--
235
202
ROCE %
-204
-218
-80.22
-150
-77.97
-154
-193
-100
-137
-42.82
-24.04
-21.77
-34.50
-24.94
-68.68
-73.79
-97.80
ROIC %
--
--
21.26
20.22
21.58
17.03
29.74
20.43
24.34
6.52
11.06
12.87
15.20
10.72
18.74
22.15
20.64
WACC %
--
--
--
--
--
--
2.94
14.44
7.41
11.44
15.06
11.73
8.15
6.16
10.30
14.64
21.40
Effective Interest Rate on Debt %
--
-291
-116
-26.99
18.78
36.16
--
--
95.97
82.18
81.20
76.05
-28.35
30.00
36.70
28.36
28.36
Gross Margin %
--
-11,423
-3,596
-477
-60.56
-86.86
-1,207
-287
-957
-159
-36.13
-32.20
-421
-403
-133
-86.99
-86.99
Operating Margin %
--
-11,427
-4,800
-526
-88.73
-136
-1,205
-340
-991
-221
-53.40
-151
-214
-510
-135
172
172
Net Margin %
--
-11,325
-3,547
-458
-86.12
-131
-1,146
-290
-924
-184
-26.88
-129
-133
-401
-119
187
187
EBITDA Margin %
--
-3,706
-2,832
-412
-56.95
-65.71
-1,091
-189
-478
-127
-14.02
-17.16
-170
-397
-181
-128
-128
FCF Margin %
-0.07
--
--
--
--
--
0.89
1.25
1.85
2.00
-14.66
-0.52
-2.92
-0.81
-0.39
0.90
0.90
Debt-to-Equity
-1.51
0.72
0.93
0.91
0.89
0.72
0.39
0.29
0.29
0.13
-0.03
-0.77
-0.14
-1.87
-0.80
0.41
0.41
Equity-to-Asset
0.10
--
--
--
--
--
0.35
0.37
0.53
0.26
0.36
0.40
0.41
1.52
0.31
0.37
0.37
Debt-to-Asset
2.51
0.28
0.07
0.09
0.11
0.28
0.61
0.71
0.71
0.87
1.03
1.77
1.14
2.87
1.80
0.59
0.59
Liabilities-to-Assets
--
-5.49
-1.74
-2.89
9.69
26.50
9.93
29.09
13.74
20.78
48.10
51.32
-2.89
2.77
28.49
10.45
10.90
Gross-Profit-to-Asset %
--
0.02
0.02
0.11
0.52
0.73
0.10
0.29
0.14
0.25
0.59
0.68
0.10
0.09
0.78
0.37
0.38
Asset Turnover
--
24.26
50.32
49.18
33.13
37.51
155
18.09
14.10
10.09
6.52
13.04
171
281
126
175
176
Days Sales Outstanding
--
111
202
61.43
26.81
27.31
--
--
5,875
1,135
507
371
333
717
475
298
319
Days Payable
--
--
--
--
--
--
--
--
1,347
57.50
13.74
5.91
11.61
60.97
49.67
35.37
49.39
Days Inventory
--
-87.10
-152
-12.25
6.32
10.20
155
18.09
-4,514
-1,068
-486
-352
-150
-375
-300
-87.73
-93.24
Cash Conversion Cycle
--
--
--
--
--
--
--
--
0.27
6.35
26.56
61.71
31.43
5.99
7.35
10.32
7.39
Inventory Turnover
--
3.91
2.16
1.27
0.81
0.64
--
--
0.04
0.18
0.19
0.24
1.28
0.70
0.63
0.72
0.72
COGS-to-Revenue
--
--
--
--
--
--
--
--
0.15
0.03
0.01
0.00
0.04
0.12
0.09
0.07
0.10
Inventory-to-Revenue
--
0.76
1.41
0.05
0.02
0.07
1.03
0.06
1.00
0.13
0.05
0.05
0.09
0.03
0.03
0.01
0.01
Capex-to-Revenue
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Capex-to-Operating-Cash-Flow
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Financial Statement

Income Statement

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
--
0.35
0.46
2.26
6.66
4.99
0.50
2.05
1.84
14.23
59.33
70.60
10.05
5.02
10.15
15.99
15.99
Revenue
--
1.35
0.99
2.87
5.41
3.19
--
--
0.07
2.54
11.16
16.91
12.90
3.51
6.42
11.46
11.46
Cost of Goods Sold
--
-1.01
-0.53
-0.61
1.25
1.81
0.50
2.05
1.76
11.69
48.17
53.69
-2.85
1.51
3.72
4.54
4.54
Gross Profit
--
-291
-116
-26.99
18.78
36.16
--
--
95.97
82.18
81.20
76.05
-28.35
30.00
36.70
28.36
28.36
Gross Margin %
12.56
15.15
15.68
10.14
4.98
5.92
6.24
6.70
18.16
29.35
56.00
52.64
32.83
17.18
12.75
13.56
13.56
Selling, General, & Admin. Expense
--
0.52
--
--
--
3.19
0.08
0.57
0.43
1.19
2.80
11.64
4.39
3.57
4.14
4.69
4.69
Research & Development
--
22.86
0.22
0.04
0.30
-2.97
0.23
0.67
0.77
3.74
10.81
12.14
2.22
0.99
0.31
0.19
0.19
Other Operating Expense
12.56
38.52
15.90
10.17
5.28
6.14
6.55
7.93
19.36
34.27
69.61
76.43
39.44
21.74
17.20
18.44
18.44
Total Operating Expense
-12.56
-39.52
-16.43
-10.78
-4.03
-4.34
-6.05
-5.89
-17.59
-22.58
-21.44
-22.73
-42.29
-20.23
-13.47
-13.91
-13.91
Operating Income
--
-11,423
-3,596
-477
-60.56
-86.86
-1,207
-287
-957
-159
-36.13
-32.20
-421
-403
-133
-86.99
-86.99
Operating Margin %
--
--
0.52
0.05
0.02
0.41
2.50
--
--
--
--
--
--
--
--
--
--   Interest Income
--
--
--
--
-0.02
-0.12
-0.07
-0.36
-0.46
-1.93
-4.69
-4.65
-3.24
-1.88
-1.34
-2.31
-2.31
  Interest Expense
--
--
0.52
0.05
--
0.28
2.43
-0.36
-0.46
-1.93
-4.69
-4.65
-3.24
-1.88
-1.34
-2.31
-2.31
Net Interest Income
-0.15
-0.02
-7.85
-1.02
-2.00
-2.85
-2.42
-0.72
-0.16
-6.94
-4.81
-79.08
26.82
-0.90
1.13
43.70
43.70
Other Income (Expense)
-12.71
-39.54
-23.77
-11.75
-6.03
-6.90
-6.04
-6.97
-18.21
-31.45
-30.93
-106
-18.71
-23.00
-13.69
27.48
27.48
Pre-Tax Income
--
--
1.96
0.69
0.12
0.10
-0.00
--
--
--
-0.75
-0.28
0.14
--
--
-0.01
-0.01
Tax Provision
--
--
8.26
5.86
2.01
1.38
-0.03
--
--
--
-2.41
-0.26
0.75
--
--
0.03
0.03
Tax Rate %
-12.71
-39.54
-21.80
-11.88
-5.91
-6.81
-6.04
-6.97
-18.21
-31.45
-31.68
-107
-18.57
-23.00
-13.69
27.47
27.47
Net Income (Continuing Operations)
--
--
-0.13
--
--
--
--
--
--
--
--
--
-2.99
-2.61
--
--
-- Net Income (Discontinued Operations)
-12.71
-39.54
-21.94
-11.88
-5.91
-6.81
-6.04
-6.97
-18.21
-31.45
-31.68
-107
-21.56
-25.61
-13.69
27.47
27.47
Net Income
--
-11,427
-4,800
-526
-88.73
-136
-1,205
-340
-991
-221
-53.40
-151
-214
-510
-135
172
172
Net Margin %
-2.74
-34.20
-4.15
-2.22
-1.10
-1.26
-0.91
-0.90
-1.53
-2.06
-1.54
-4.49
-0.55
-0.58
-0.16
0.27
0.27
EPS (Basic)
-2.74
-34.20
-4.15
-2.22
-1.10
-1.26
-0.91
-0.90
-1.53
-2.06
-1.54
-4.49
-0.55
-0.58
-0.16
0.27
0.26
EPS (Diluted)
4.63
1.15
5.29
5.36
5.37
5.42
6.61
7.73
11.88
15.28
20.53
23.76
39.05
44.43
85.58
102
106
Shares Outstanding (Diluted Average)
-12.56
-39.52
-16.43
-10.78
-6.03
-6.78
-5.97
-6.60
-17.75
-29.52
-26.25
-102
-15.47
-21.13
-12.34
29.79
29.79
EBIT
0.00
0.34
0.22
0.44
0.30
0.22
0.23
0.67
0.77
3.28
10.30
11.07
2.09
0.98
0.31
0.19
0.19
Depreciation, Depletion and Amortization
-12.55
-39.19
-16.21
-10.34
-5.73
-6.56
-5.74
-5.94
-16.98
-26.24
-15.95
-90.74
-13.38
-20.15
-12.04
29.98
29.98
EBITDA
--
-11,325
-3,547
-458
-86.12
-131
-1,146
-290
-924
-184
-26.88
-129
-133
-401
-119
187
187
EBITDA Margin %
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Financial Statement

Cashflow Statement

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
-12.71
-39.54
-21.94
-11.88
-5.91
-6.81
-6.04
-6.97
-18.21
-31.45
-31.68
-107
-18.57
-23.00
-13.69
27.47
27.47
Net Income From Continuing Operations
0.00
0.34
0.22
0.44
0.30
0.22
0.23
0.67
0.77
3.28
10.30
11.07
2.09
0.98
0.31
0.19
0.19
Depreciation, Depletion and Amortization
--
0.35
-0.10
-0.36
-0.20
0.38
0.31
0.00
0.06
0.09
-0.26
-2.28
-2.90
3.75
-2.85
-5.73
-5.73
  Change In Receivables
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-0.87
-0.47
--   Change In Inventory
--
--
-0.82
0.87
0.22
0.22
-0.02
0.12
-0.31
-0.53
-1.85
-1.78
-4.64
1.60
0.10
-4.12
-4.12
  Change In Prepaid Assets
0.26
-4.14
0.04
0.28
-0.25
0.03
-0.20
0.78
0.81
-3.23
3.84
5.38
12.91
-1.41
-0.92
0.97
0.97
  Change In Payables And Accrued Expense
-0.06
-0.50
-0.00
0.00
--
-0.00
--
--
-0.04
-0.73
0.66
2.26
2.22
1.55
-0.09
0.40
-0.65
  Change In Other Working Capital
0.20
-4.29
-0.89
0.80
-0.22
0.62
0.09
0.90
0.52
-4.39
2.39
3.58
7.60
5.49
-4.64
-8.96
-8.96
Change In Working Capital
--
--
-1.96
-0.69
-0.12
-0.10
--
--
--
--
0.72
0.01
0.53
--
--
--
-- Deferred Tax
--
--
4.79
1.78
0.27
0.62
0.83
0.73
9.68
9.03
7.16
4.22
12.95
0.32
0.80
4.06
4.06
Stock Based Compensation
--
--
7.85
1.18
0.49
0.38
0.41
--
0.29
--
1.16
14.62
2.21
2.52
0.77
--
-- Asset Impairment Charge
--
--
-0.39
--
--
--
--
--
--
--
--
--
5.68
-7.16
--
--
-- Cash from Discontinued Operating Activities
9.81
30.93
0.01
-0.84
1.53
2.10
-0.48
0.93
0.00
7.36
4.79
64.73
-28.69
1.06
-1.61
-42.94
-42.94
Cash Flow from Others
-2.69
-12.56
-12.30
-9.21
-3.66
-2.95
-4.95
-3.74
-6.95
-16.17
-5.16
-8.52
-16.21
-19.79
-18.05
-20.17
-20.17
Cash Flow from Operations
-0.12
-0.26
-0.65
-0.11
-0.13
-0.33
-0.52
-0.12
-1.83
-1.91
-3.16
-1.17
-0.31
-0.01
-0.29
-0.22
-0.22
Purchase Of Property, Plant, Equipment
--
--
-7.72
-0.02
--
--
-0.32
-2.38
-0.98
-0.26
-7.34
--
-0.48
--
--
--
-- Purchase Of Business
--
--
--
--
--
--
--
--
--
--
--
--
--
30.00
--
--
-- Sale Of Business
-0.17
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Purchase Of Investment
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
2.32
-- Sale Of Investment
--
--
--
--
--
--
--
--
--
--
--
--
-2.19
-18.40
--
--
-- Cash From Discontinued Investing Activities
-1.32
-0.34
-0.11
--
-0.09
0.00
0.01
-0.28
-1.35
0.00
-0.00
-2.33
0.56
-0.13
--
--
2.32
Cash From Other Investing Activities
-1.60
-0.60
-8.47
-0.13
-0.22
-0.32
-0.82
-2.78
-4.16
-2.17
-10.50
-3.50
-2.43
11.47
-0.29
2.10
2.10
Cash Flow from Investing
--
21.04
35.23
--
--
--
3.85
--
4.84
7.82
9.87
25.91
14.55
10.84
32.14
5.69
5.69
Issuance of Stock
0.20
--
--
--
--
--
1.80
6.50
7.10
27.92
7.60
3.00
--
--
1.43
32.22
32.22
  Issuance of Debt
--
-0.28
--
--
--
--
-0.05
-0.07
-0.29
-1.48
-0.18
-0.18
-2.25
-25.53
-13.78
-6.50
-6.50
  Payments of Debt
0.20
-0.28
--
--
--
--
1.75
6.43
6.81
26.44
7.42
2.82
-2.25
-25.53
-12.36
25.72
25.72
Net Issuance of Debt
4.33
-4.26
--
--
--
--
--
--
-0.32
-0.36
-0.16
-0.96
-2.43
-2.28
-0.86
--
-- Other Financing
4.52
16.50
35.23
--
--
-0.02
5.60
6.43
11.34
33.90
17.12
27.77
9.88
-16.96
18.92
31.41
31.41
Cash Flow from Financing
-0.00
0.23
3.64
18.02
8.73
4.85
1.53
1.36
1.26
1.53
17.09
18.55
34.30
25.55
0.27
0.85
0.85
Beginning Cash Position
--
0.06
-0.08
0.04
-0.00
-0.02
--
-0.00
0.04
--
--
--
--
--
--
--
--   Effect of Exchange Rate Changes
0.23
3.41
14.38
-9.30
-3.88
-3.31
-0.18
-0.09
0.26
15.56
1.46
15.75
-8.75
-25.28
0.58
13.33
13.33
Net Change in Cash
0.23
3.64
18.02
8.73
4.84
1.53
1.36
1.26
1.53
17.09
18.55
34.30
25.55
0.27
0.85
14.19
14.19
Ending Cash Position
-0.12
-0.26
-0.65
-0.11
-0.13
-0.33
-0.52
-0.12
-1.83
-1.91
-3.16
-3.60
-0.88
-0.14
-0.29
-0.22
-0.22
Capital Expenditure
-2.81
-12.82
-12.94
-9.32
-3.79
-3.28
-5.47
-3.86
-8.78
-18.08
-8.32
-12.11
-17.08
-19.92
-18.34
-20.40
-20.40
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Financial Satement

Balance Sheet

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
0.23
3.48
18.02
8.73
4.84
1.53
1.36
1.26
1.53
5.42
6.89
22.63
1.41
0.27
0.85
14.19
14.19
  Cash And Cash Equivalents
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
42.35
42.35
  Marketable Securities
0.23
3.48
18.02
8.73
4.84
1.53
1.36
1.26
1.53
5.42
6.89
22.63
1.41
0.27
0.85
56.54
56.54
Cash, Cash Equivalents, Marketable Securities
--
0.02
0.10
0.51
0.70
0.32
0.10
0.10
0.04
0.75
1.37
3.67
5.76
1.96
5.03
10.27
10.27
  Accounts Receivable
--
--
--
--
--
--
--
--
--
0.17
0.18
0.29
0.10
--
--
--
--   Notes Receivable
--
--
--
--
--
--
--
--
--
--
-0.00
1.28
4.61
3.71
0.01
3.99
3.99
  Other Current Receivables
--
0.02
0.10
0.51
0.70
0.32
0.10
0.10
0.04
0.92
1.55
5.24
10.47
5.68
5.04
14.26
14.26
Total Receivables
--
--
--
--
--
--
--
--
0.27
0.53
0.31
0.23
0.59
--
0.87
1.35
1.35
  Inventories, Other
--
--
--
--
--
--
--
--
0.27
0.53
0.31
0.23
0.59
--
0.87
1.35
1.35
Total Inventories
0.06
20.93
1.66
0.79
0.57
0.39
0.50
0.36
0.43
11.53
12.41
15.67
31.68
0.91
2.04
2.37
2.37
Other Current Assets
0.29
24.43
19.78
10.02
6.11
2.25
1.96
1.72
2.27
18.39
21.17
43.78
44.15
6.86
8.80
74.51
74.51
Total Current Assets
--
--
--
4.41
2.97
0.91
0.45
0.23
1.03
1.03
1.03
1.03
2.01
1.94
1.03
--
-- Investments And Advances
0.12
--
0.62
0.90
0.95
1.15
1.28
1.10
0.96
18.32
21.12
23.08
5.94
5.91
6.15
6.23
6.23
  Machinery, Furniture, Equipment
--
--
--
--
--
--
--
0.15
1.19
0.87
0.84
1.94
0.92
--
--
0.13
0.13
  Construction In Progress
--
0.39
0.34
0.14
0.19
0.22
0.22
0.08
0.09
0.05
0.17
0.33
0.31
4.47
0.67
0.39
0.39
  Other Gross PPE
0.12
0.39
0.96
1.03
1.14
1.37
1.50
1.33
2.24
19.23
22.13
25.34
7.18
10.38
6.81
6.75
6.75
Gross Property, Plant and Equipment
-0.00
-0.09
-0.23
-0.54
-0.84
-1.00
-1.10
-1.12
-0.84
-1.89
-6.60
-11.95
-5.10
-5.68
-6.00
-6.20
-6.20
  Accumulated Depreciation
0.11
0.29
0.73
0.49
0.31
0.36
0.40
0.21
1.40
17.34
15.53
13.39
2.08
4.70
0.81
0.55
0.55
Property, Plant and Equipment
0.17
10.00
5.80
0.99
0.50
0.12
3.44
5.43
11.81
55.20
64.17
44.05
1.01
0.51
--
--
-- Intangible Assets
--
--
1.97
--
--
--
1.58
1.82
5.29
20.34
26.76
20.10
--
--
--
--
--   Goodwill
1.35
0.02
0.00
0.00
0.00
0.10
0.11
0.13
1.44
2.62
3.80
1.29
44.57
0.82
0.67
0.44
0.44
Other Long Term Assets
1.63
10.31
6.53
5.88
3.78
1.49
4.40
6.00
15.68
76.19
84.53
59.75
49.66
7.97
2.51
0.99
0.99
Total Long-Term Assets
1.92
34.75
26.31
15.90
9.89
3.74
6.36
7.72
17.96
94.59
106
104
93.81
14.83
11.31
75.50
75.50
Total Assets
0.29
0.54
0.56
0.41
0.38
0.09
0.52
1.03
1.36
14.42
16.55
17.86
5.68
8.13
8.59
10.09
10.09
  Accounts Payable
--
--
--
--
0.09
0.09
0.09
0.09
0.09
--
--
--
--
3.66
3.05
2.32
2.32
  Other Current Payables
--
0.56
0.32
0.69
0.52
0.55
0.46
0.73
1.21
11.83
13.97
18.80
16.81
1.47
1.21
2.06
2.06
  Current Accrued Expense
0.29
1.10
0.88
1.10
0.99
0.73
1.06
1.84
2.65
26.25
30.51
36.65
22.49
13.26
12.84
14.48
14.48
Accounts Payable & Accrued Expense
0.20
--
--
--
--
--
--
--
2.85
0.10
0.10
41.09
38.31
15.03
1.50
27.81
27.81
  Short-Term Debt
--
--
--
--
--
--
0.12
0.18
0.16
0.21
0.18
--
--
2.88
0.38
0.19
0.19
  Short-Term Capital Lease Obligation
0.20
--
--
--
--
--
0.12
0.18
3.01
0.31
0.28
41.09
38.31
17.90
1.88
28.00
28.00
Short-Term Debt & Capital Lease Obligation
--
--
--
--
--
--
--
--
--
10.26
11.06
12.72
0.13
0.31
0.31
0.58
0.58
  Current Deferred Revenue
--
--
--
--
--
--
--
--
--
10.26
11.06
12.72
0.13
0.31
0.31
0.58
0.58
DeferredTaxAndRevenue
4.33
6.24
0.08
0.14
--
--
0.28
0.77
--
--
--
--
41.65
6.32
2.02
1.39
1.39
Other Current Liabilities
4.81
7.34
0.96
1.24
0.99
0.73
1.46
2.79
5.66
36.81
41.85
90.46
103
37.79
17.06
44.44
44.44
Total Current Liabilities
--
--
--
--
--
--
1.80
2.50
6.58
23.62
37.83
--
--
--
1.43
--
--   Long-Term Debt
--
--
--
--
--
--
0.29
0.15
--
0.18
--
--
--
4.65
0.19
0.03
0.03
  Long-Term Capital Lease Obligation
--
--
--
--
--
--
2.09
2.65
6.58
23.80
37.83
--
--
4.65
1.62
0.03
0.03
Long-Term Debt & Capital Lease Obligation
-0.07
--
--
--
--
--
0.89
1.25
1.85
2.00
-14.66
-0.52
-2.92
-0.81
-0.39
0.90
0.90
Debt-to-Equity
--
2.50
0.87
0.24
0.12
0.03
0.03
--
--
--
1.75
2.56
1.80
--
--
--
-- NonCurrent Deferred Liabilities
--
0.00
--
--
0.00
0.29
0.28
0.02
0.54
21.92
26.87
90.11
2.55
0.12
1.73
-0.00
-0.00
Other Long-Term Liabilities
--
2.50
0.87
0.24
0.12
0.32
2.40
2.68
7.12
45.72
66.45
92.67
4.35
4.77
3.34
0.02
0.02
Total Long-Term Liabilities
4.81
9.84
1.83
1.48
1.11
1.04
3.86
5.47
12.78
82.53
108
183
107
42.56
20.40
44.47
44.47
Total Liabilities
--
0.05
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.03
0.04
0.05
0.10
0.11
0.11
Common Stock
-12.71
-52.25
-74.18
-86.06
-91.97
-98.77
-105
-112
-130
-161
-193
-300
-321
-347
-361
-333
-333
Retained Earnings
--
0.11
-0.00
0.04
0.04
0.02
0.01
-0.00
0.04
-0.01
-0.02
0.12
0.03
-0.23
-0.23
-0.27
-0.27
Accumulated other comprehensive income (loss)
9.81
85.98
98.66
100
101
101
107
114
135
173
191
220
308
319
352
364
364
Additional Paid-In Capital
--
-8.99
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Treasury Stock
-0.00
--
0.00
0.00
0.00
0.00
0.00
0.00
-0.00
-0.00
0.00
0.00
0.00
0.00
-0.00
0.00
0.00
Other Stockholders Equity
-2.90
24.91
24.48
14.42
8.78
2.69
2.50
2.26
5.18
12.06
-2.60
-79.59
-13.12
-27.73
-9.09
31.03
31.03
Total Stockholders Equity
-2.90
24.91
24.48
14.42
8.78
2.69
2.50
2.26
5.18
12.06
-2.60
-79.59
-13.12
-27.73
-9.09
31.03
31.03
Total Equity
-1.51
0.72
0.93
0.91
0.89
0.72
0.39
0.29
0.29
0.13
-0.03
-0.77
-0.14
-1.87
-0.80
0.41
0.41
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Valuation Ratios

Valuation Ratios

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
N/A
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
3.67
1.97
PE Ratio
N/A
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
At Loss
3.67
1.97
PE Ratio without NRI
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
5.90
3.04
Price-to-Owner-Earnings
--
11.58
0.83
1.13
2.55
6.90
4.96
22.62
11.26
8.45
--
--
--
--
--
3.36
1.74
PB Ratio
--
19.35
1.09
1.22
2.71
7.22
--
--
--
--
--
--
--
--
--
3.36
1.71
Price-to-Tangible-Book
--
208
44.19
7.22
3.36
3.72
22.89
17.58
29.42
5.56
1.36
3.27
4.71
4.60
15.97
6.32
3.29
PS Ratio
--
824
5.17
3.36
2.64
3.42
26.42
25.75
36.11
8.47
2.00
4.18
8.37
9.73
18.90
4.74
1.57
EV-to-Revenue
--
-7.27
-0.15
-0.73
-3.07
-2.60
-2.31
-8.88
-3.91
-4.59
-7.42
-3.25
-6.29
-2.42
-15.93
2.53
0.84
EV-to-EBITDA
--
-7.21
-0.14
-0.70
-2.92
-2.52
-2.22
-7.99
-3.74
-4.08
-4.51
-2.90
-5.44
-2.31
-15.53
2.54
0.85
EV-to-EBIT
--
-13.87
-714
-143
-34.25
-39.68
-45.05
-12.52
-26.74
-24.51
-22.17
-34.48
-18.38
-43.29
-6.44
39.37
117
Earnings Yield (Joel Greenblatt) %
--
--
--
--
--
-32.15
-92.53
-41.64
--
--
--
--
--
--
--
--
-- Forward Rate of Return (Yacktman) %

Valuation and Quality

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
--
288
20.38
16.32
22.42
18.60
12.38
51.16
58.30
102
87.15
276
47.25
26.55
189
104
53.83
Market Cap
--
285
2.36
7.60
17.57
17.07
13.23
52.73
66.36
121
118
295
84.16
48.83
192
75.75
21.01
Enterprise Value
--
62.30
3.80
3.04
4.17
3.43
1.74
4.66
4.56
5.18
3.92
9.73
1.21
0.52
1.90
0.99
0.51
Month End Stock Price
-0.99
-1.37
3.02
1.35
0.69
0.09
-0.35
-0.38
-0.88
-3.92
-4.56
-5.65
-2.70
-0.83
-0.20
0.11
0.11
Net Cash per Share
-0.98
3.15
3.35
1.59
0.93
0.22
-0.27
-0.34
-0.82
-3.26
-3.92
-4.91
-1.61
-0.70
-0.12
0.29
0.29
Net Current Asset Value
-0.99
-1.37
3.03
1.42
0.79
0.13
-0.34
-0.38
-0.87
-3.88
-4.51
-5.55
-2.58
-0.80
-0.15
0.19
0.19
Net-Net Working Capital
--
--
--
--
--
--
-13.25
-12.02
-4.22
-3.06
-5.50
-8.82
-3.27
-3.40
-1.59
-1.24
-1.24
Intrinsic Value: Projected FCF
--
--
--
--
--
--
--
--
--
--
--
36.49
3.96
0.49
0.49
0.96
0.96
Median PS Value
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
1.34
1.31
Graham Number
--
--
--
--
--
-166
-83.25
-46.50
-27.65
-29.09
-86.84
-55.62
-29.75
-26.50
-10.96
-8.06
-8.06
Earnings Power Value (EPV)
--
12.59
0.62
-0.17
-1.19
-30.48
-23.61
-17.39
-10.78
-2.76
-2.57
-6.25
-5.63
-39.24
-42.64
-2.78
-3.52
Altman Z-Score
N/A
N/A
5.00
5.00
5.00
3.00
2.00
3.00
1.00
5.00
4.00
3.00
3.00
2.00
3.00
5.00
5.00
Piotroski F-Score
--
--
-0.53
2.23
-2.57
-4.61
-3.39
-2.00
-6.11
4.67
-1.14
-2.15
-1.23
-4.58
-0.01
-1.41
-1.41
Beneish M-Score
-1.53
11.18
0.19
0.22
0.25
0.12
0.90
0.60
1.72
1.71
0.30
-0.58
0.23
-0.06
-0.44
0.22
0.03
Scaled Net Operating Assets
-439
-75.92
-4.45
-16.00
-20.49
-94.43
-4.17
-5.75
-39.54
-13.86
-15.16
-91.48
-3.12
-117
41.13
60.32
60.32
Sloan Ratio %
0.06
3.33
20.61
8.07
6.16
3.09
1.35
0.62
0.40
0.50
0.51
0.48
0.43
0.18
0.52
1.68
1.68
Current Ratio
0.06
3.33
20.61
8.07
6.16
3.09
1.35
0.62
0.35
0.49
0.50
0.48
0.42
0.18
0.46
1.65
1.65
Quick Ratio
0.05
0.47
18.77
7.03
4.88
2.11
0.93
0.45
0.27
0.15
0.16
0.25
0.01
0.01
0.05
1.27
1.27
Cash Ratio
No Debt
No Debt
No Debt
No Debt
--
--
--
--
--
--
--
--
--
--
--
--
-- Interest Coverage
--
97.80
55.10
6.20
7.49
5.99
6.85
5.65
8.89
5.18
5.18
10.11
14.15
2.93
3.40
4.42
6.70
Highest Stock Price
--
--
1.80
0.90
1.36
2.32
0.84
1.24
4.20
3.63
3.37
1.99
1.07
0.47
0.27
0.85
0.38
Lowest Stock Price
--
--
-15.84
-0.11
-0.10
-0.87
-31.19
-54.34
-16.45
-53.77
-13.09
-27.77
-37.48
-30.73
-94.90
-5.68
-5.68
Shares Buyback Ratio %
--
-7.29
-173
--
--
--
-31.10
--
-8.31
-7.68
-11.32
-9.37
-30.80
-40.85
-17.00
-5.46
-10.57
Buyback Yield %
--
--
-71.33
390
195
-25.65
-91.76
249
-41.51
501
210
2.80
-91.35
-56.03
5.31
31.93
43.12
YoY Rev. per Sh. Growth
--
-1,146
87.87
46.51
50.45
-14.55
27.78
1.10
-70.00
-34.64
25.24
-192
87.75
-5.45
72.41
269
244
YoY EPS Growth
--
-1,153
90.98
37.00
44.63
-13.30
28.18
11.74
-86.31
-20.15
54.75
-392
91.02
-32.07
68.87
309
314
YoY EBITDA Growth
--
--
--
--
--
--
39.03
21.85
0.10
-9.60
-7.51
-1.66
-2.92
20.57
31.03
--
-- 5-Year EBITDA Growth Rate
4.63
1.15
5.29
5.36
5.37
5.42
6.61
7.73
11.88
15.28
20.53
23.76
39.05
44.43
85.58
101
105
Shares Outstanding (Basic Average)
4.63
4.63
5.36
5.37
5.38
5.42
7.11
10.98
12.79
19.66
22.23
28.41
39.05
51.06
99.51
105
105
Shares Outstanding (EOP)
--
--
3.18
2.73
3.05
2.52
3.53
2.98
3.99
0.52
1.06
1.78
2.88
2.56
3.12
3.40
3.14
Beta
03/31/08
03/31/09
04/15/10
03/29/11
03/23/12
04/15/13
03/31/14
03/31/15
03/30/16
04/05/17
04/02/18
04/01/19
05/29/20
03/31/22
03/31/22
  Filing Date
03/31/08
04/15/10
03/29/11
03/23/12
09/26/13
04/07/14
03/31/15
03/30/16
04/05/17
04/02/18
04/01/19
05/29/20
03/31/21
03/31/22
03/31/22
  Restated Filing Date
03/30/17
03/29/18
04/01/19
05/28/20
03/31/21
03/31/22
  Earnings Release Date
--
19.00
25.00
25.00
20.00
30.00
133
138
133
130
120
105
99.00
98.00
--
--
-- Number of Shareholders
25.00
105
70.00
66.00
66.00
31.00
11.00
24.00
65.00
238
295
340
290
80.00
77.00
74.00
74.00
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Remark Holdings Inc (NAS:MARK)
www.gurufocus.com/stock/NAS:MARK

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.