Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Our Fish Trading segment is carried out by our wholly-owned subsidiary, Nocera Inc. NTB engages in the trading of fish, primarily eels, in the Republic of Taiwan, or Taiwan.
The business is unprofitable at the operating level (-21.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.0% YoY. Margins deteriorated 3.7pp alongside, both lines moving the wrong way.
Negative free cash flow of -$3M. The business is consuming cash, not generating it. Operating margin contracted 3.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$9M
▼ -9.0% YoY
Net Income (TTM)
-$4M
▲ +35.9% YoY
Op. Margin
-29.96%
▼ -3.7pp YoY
ROIC
-35.94%
▲ +13.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -24.5% YoY
Op. Cash Flow (TTM)
-$3M
▼ -24.6% YoY
Net Debt
$2M
Cash & Equiv.
$5M
5Y CAGR: +56.6%
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