XMAX Stock Analysis: XMax | NASDAQ
Furnishings, Fixtures & Appliances | NASDAQ, USA | Market Cap: 552m USD | 12M Return: 388.1% | US66979P3001 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.00M
Rev. Trend: 72.3%
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
XMax Inc. is a U.S.-based furnishings company that designs, manufactures, and distributes residential and commercial furniture aimed at middle and upper middle-income consumers in North America, Hong Kong, and other international markets. Its catalog spans upholstered, wood, and metal-based pieces for living rooms, dining rooms, bedrooms, and home offices, including sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company also sells physiotherapeutic jade mats for therapy clinics, hospitality, and real estate projects. Products are marketed under the Nova LifeStyle, Diamond Sofa, and Nova Living brands and reach customers through direct sales, internet channels, online marketing, trade exhibitions, and wholesale relationships with furniture distributors and retailers.
Alongside its core furnishings business, XMax is engaged in AI software and hardware development, cloud and GPU compute infrastructure, AI model access and orchestration, and enterprise-focused AI agent deployment. This combination of traditional home furnishings with technology infrastructure and AI services is uncommon within the Consumer Cyclical sector, where peer companies typically focus on a single product category rather than operating across two distinct industries.
The company was founded in 2003 and is headquartered in Commerce, California. It has traded on NASDAQ under the ticker XMAX since its October 2011 IPO and is classified in the Furnishings, Fixtures & Appliances industry as a small-cap issuer.
- Housing slowdown pressures middle-income furniture demand
- AI GPU compute and agent deployment diversifies revenue stream
- Hong Kong and international sales exposed to currency and tariff risk
| Net Income: 29.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 8.36 > 1.0 |
| NWC/Revenue: 282.3% < 20% (prev 59.42%; Δ 222.9% < -1%) |
| CFO/TA -0.04 > 3% & CFO -4.51m > Net Income 29.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 28.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (61.0m) vs 12m ago 344.3% < -2% |
| Gross Margin: 22.86% > 18% (prev 43.87%; Δ -21.01% > 0.5%) |
| Asset Turnover: 24.19% > 50% (prev 83.26%; Δ -59.07% > 0%) |
| Interest Coverage Ratio: -42.67 > 6 (EBIT TTM -3.29m / Interest Expense TTM 77.1k) |
| A: 0.37 (Total Current Assets 46.9m - Total Current Liabilities 1.63m) / Total Assets 121.1m |
| B: -0.17 (Retained Earnings -20.8m / Total Assets 121.1m) |
| C: -0.05 (EBIT TTM -3.29m / Avg Total Assets 66.4m) |
| D: 7.19 (Book Value of Equity 106.3m / Total Liabilities 14.8m) |
| Altman-Z'' = 9.11 = AAA |
| DSRI: 3.0 (Receivables 3.20m/56.5k, Revenue 16.0m/9.69m) |
| GMI: 1.92 (GM 43.87% / 22.86%) |
| AQI: 132.6 (AQ_t 0.61 / AQ_t-1 0.00) |
| SGI: 1.66 (Revenue 16.0m / 9.69m) |
| TATA: 0.28 (NI 29.8m - CFO -4.51m) / TA 121.1m) |
| Beneish M = 78.00 (Cap -4..+1) = D |
As of August 25, 2026, the stock is trading at USD 9.03 with a total of 636,197 shares traded. Over the past week, the price has changed by +0.89%, over one month by +7.12%, over three months by +10.39% and over the past year by +388.11%.
Current recommended Stop Loss: 8.50 (which is 5.9% or 2 ATR below the current price).
XMax has no consensus analysts rating.
P/E Trailing = 17.449
P/S = 34.374
P/B = 5.4085
Revenue TTM = 16.0m USD
EBIT TTM = -3.29m USD
EBITDA TTM = -2.41m USD
Long Term Debt = 5.18m USD (from longTermDebt, last fiscal year)
Short Term Debt = 260k USD (from shortTermDebt, last quarter)
Debt = 5.92m USD (from shortLongTermDebtTotal, last quarter) + Leases 451k
Net Debt = -28.7m USD (calculated: Debt 5.92m - CCE 34.6m)
Enterprise Value = 523.0m USD (551.7m + Debt 5.92m - CCE 34.6m)
Interest Coverage Ratio = -42.67 (Ebit TTM -3.29m / Interest Expense TTM 77.1k)
EV/FCF = -116.1x (Enterprise Value 523.0m / FCF TTM -4.51m)
FCF Yield = -0.86% (FCF TTM -4.51m / Enterprise Value 523.0m)
FCF Margin = -28.07% (FCF TTM -4.51m / Revenue TTM 16.0m)
Net Margin = 185.9% (Net Income TTM 29.8m / Revenue TTM 16.0m)
Gross Margin = 22.86% ((Revenue TTM 16.0m - Cost of Revenue TTM 12.4m) / Revenue TTM)
Gross Margin QoQ = 39.84% (prev 49.53%)
Tobins Q-Ratio = 4.32 (Enterprise Value 523.0m / Total Assets 121.1m)
Interest Expense / Debt = 1.30% (Interest Expense 77.1k / Debt 5.92m)
Taxrate = 19.41% (7.81m / 40.2m)
NOPAT = -2.65m (EBIT -3.29m * (1 - 19.41%)) [loss with tax shield]
Current Ratio = 28.80 (Total Current Assets 46.9m / Total Current Liabilities 1.63m)
Debt / Equity = 0.06 (Debt 5.92m / totalStockholderEquity, last quarter 106.3m)
Debt / EBITDA = 11.92 (negative EBITDA) (Net Debt -28.7m / EBITDA -2.41m)
Debt / FCF = 6.37 (negative FCF - burning cash) (Net Debt -28.7m / FCF TTM -4.51m)
Total Stockholder Equity = 47.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 44.95% (Net Income 29.8m / Total Assets 121.1m)
RoE = 63.40% (Net Income TTM 29.8m / Total Stockholder Equity 47.0m)
RoCE = -6.30% (EBIT -3.29m / Capital Employed (Equity 47.0m + L.T.Debt 5.18m))
RoIC = -2.23% (negative operating profit) (NOPAT -2.65m / Invested Capital 118.9m)
WACC = 8.84% (E(551.7m)/V(557.6m) * Re(8.92%) + D(5.92m)/V(557.6m) * Rd(1.30%) * (1-Tc(0.19)))
Discount Rate = 8.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.13 | Cagr: 356.8%
[DCF] Fair Price = unknown (Cash Flow -4.51m)
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