(XMAX) XMax - Overview
Sector: Consumer Cyclical | Industry: Furnishings, Fixtures & Appliances | Exchange: NASDAQ (USA) | Market Cap: 539m USD | Total Return: 755% in 12m
Avg Turnover: 10.7M
Rev. Trend: 72.3%
Warnings
Share dilution 227.0% YoY
Interest Coverage Ratio -29.4 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Avwap Ph Week
XMax Inc. (NASDAQ: XMAX) is a California-based company that designs and distributes residential and commercial furniture across North America and Asia. The company targets the middle to upper-middle-income segments with a product portfolio spanning upholstered, wood, and metal furniture under brands such as Nova LifeStyle and Diamond Sofa. In a notable diversification strategy, the firm has expanded into the technology sector, focusing on AI software development, GPU compute infrastructure, and enterprise AI agent deployment.
Operating within the consumer cyclical sector, XMAX is subject to fluctuations in housing starts and discretionary spending, which typically drive demand for home furnishings. The company utilizes a multi-channel distribution model, combining direct-to-consumer internet sales with traditional wholesale partnerships via furniture retailers and international exhibitions. Investors should consult ValueRay for a deeper analysis of the companys fundamental valuation and risk profile.
- AI infrastructure pivot and GPU compute demand drive valuation expansion
- Furniture segment margins face pressure from North American consumer slowdown
- Expansion of enterprise AI agent deployment accelerates software revenue growth
- Global logistics costs and supply chain volatility impact furniture profitability
| Net Income: -2.89m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 10.16 > 1.0 |
| NWC/Revenue: 114.6% < 20% (prev 61.83%; Δ 52.77% < -1%) |
| CFO/TA -0.02 > 3% & CFO -765k > Net Income -2.89m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 12.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.8m) vs 12m ago 227.0% < -2% |
| Gross Margin: 24.34% > 18% (prev 43.87%; Δ -19.53% > 0.5%) |
| Asset Turnover: 53.73% > 50% (prev 81.21%; Δ -27.48% > 0%) |
| Interest Coverage Ratio: -29.43 > 6 (EBIT TTM -2.27m / Interest Expense TTM 77.1k) |
| A: 0.39 (Total Current Assets 19.7m - Total Current Liabilities 1.52m) / Total Assets 47.1m |
| B: -1.13 (Retained Earnings -53.2m / Total Assets 47.1m) |
| C: -0.08 (EBIT TTM -2.27m / Avg Total Assets 29.5m) |
| D: 5.94 (Book Value of Equity 40.4m / Total Liabilities 6.79m) |
| Altman-Z'' = 4.57 = AA |
| DSRI: 3.0 (Receivables 7.85m/64.8k, Revenue 15.9m/9.69m) |
| GMI: 1.80 (GM 43.87% / 24.34%) |
| AQI: 3.86k (AQ_t 0.57 / AQ_t-1 0.00) |
| SGI: 1.64 (Revenue 15.9m / 9.69m) |
| TATA: -0.05 (NI -2.89m - CFO -765k) / TA 47.1m) |
| Beneish M = 2.29k (Cap -4..+1) = D |
As of June 09, 2026, the stock is trading at USD 8.59 with a total of 1,136,155 shares traded.
Over the past week, the price has changed by +3.26%,
over one month by +6.08%,
over three months by +39.48% and
over the past year by +755.00%.
XMax has no consensus analysts rating.
P/S = 33.9881
P/B = 13.5083
Revenue TTM = 15.9m USD
EBIT TTM = -2.27m USD
EBITDA TTM = -1.42m USD
Long Term Debt = 5.25m USD (from longTermDebt, last quarter)
Short Term Debt = 846k USD (from shortTermDebt, last quarter)
Debt = 6.57m USD (from shortLongTermDebtTotal, last quarter) + Leases 451k
Net Debt = -3.35m USD (calculated: Debt 6.57m - CCE 9.91m)
Enterprise Value = 536.0m USD (539.3m + Debt 6.57m - CCE 9.91m)
Interest Coverage Ratio = -29.43 (Ebit TTM -2.27m / Interest Expense TTM 77.1k)
EV/FCF = -700.7x (Enterprise Value 536.0m / FCF TTM -765k)
FCF Yield = -0.14% (FCF TTM -765k / Enterprise Value 536.0m)
FCF Margin = -4.82% (FCF TTM -765k / Revenue TTM 15.9m)
Net Margin = -18.20% (Net Income TTM -2.89m / Revenue TTM 15.9m)
Gross Margin = 24.34% ((Revenue TTM 15.9m - Cost of Revenue TTM 12.0m) / Revenue TTM)
Gross Margin QoQ = 49.53% (prev 40.26%)
Tobins Q-Ratio = 11.37 (Enterprise Value 536.0m / Total Assets 47.1m)
Interest Expense / Debt = 1.17% (Interest Expense 77.1k / Debt 6.57m)
Taxrate = 0.0% (0.0 / 192k)
NOPAT = -2.27m (EBIT -2.27m * (1 - 0.00%)) [loss with tax shield]
Current Ratio = 12.96 (Total Current Assets 19.7m / Total Current Liabilities 1.52m)
Debt / Equity = 0.16 (Debt 6.57m / totalStockholderEquity, last quarter 40.4m)
Debt / EBITDA = 2.35 (negative EBITDA) (Net Debt -3.35m / EBITDA -1.42m)
Debt / FCF = 4.37 (negative FCF - burning cash) (Net Debt -3.35m / FCF TTM -765k)
Total Stockholder Equity = 22.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -9.78% (Net Income -2.89m / Total Assets 47.1m)
RoE = -13.06% (Net Income TTM -2.89m / Total Stockholder Equity 22.1m)
RoCE = -8.30% (EBIT -2.27m / Capital Employed (Equity 22.1m + L.T.Debt 5.25m))
RoIC = -4.97% (negative operating profit) (NOPAT -2.27m / Invested Capital 45.7m)
WACC = 8.52% (E(539.3m)/V(545.9m) * Re(8.61%) + D(6.57m)/V(545.9m) * Rd(1.17%) * (1-Tc(0.0)))
Discount Rate = 8.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 227.0%
[DCF] Fair Price = unknown (Cash Flow -765k)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 72.26 | Revenue CAGR: 22.81% | SUE: N/A | # QB: 0