OTCPK:KHRI.F

Stock Analysis Report

Executive Summary

Cypherpunk Holdings Inc. invests in cryptocurrencies and privacy technologies.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Cypherpunk Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KHRI.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

KHRI.F

-1.6%

US Capital Markets

-3.8%

US Market


1 Year Return

-72.5%

KHRI.F

-14.5%

US Capital Markets

-15.9%

US Market

Return vs Industry: KHRI.F underperformed the US Capital Markets industry which returned -14.1% over the past year.

Return vs Market: KHRI.F underperformed the US Market which returned -15.1% over the past year.


Shareholder returns

KHRI.FIndustryMarket
7 Day0%-1.6%-3.8%
30 Day-47.5%-15.2%-17.4%
90 Day-44.0%-25.0%-24.1%
1 Year-72.5%-72.5%-12.7%-14.5%-14.1%-15.9%
3 Year-48.5%-48.5%7.0%0.9%10.0%2.8%
5 Year75.6%-96.4%30.6%18.4%27.6%13.5%

Price Volatility Vs. Market

How volatile is Cypherpunk Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cypherpunk Holdings undervalued compared to its fair value and its price relative to the market?

0.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KHRI.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KHRI.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KHRI.F is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: KHRI.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KHRI.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KHRI.F is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (7.7x).


Next Steps

Future Growth

How is Cypherpunk Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cypherpunk Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cypherpunk Holdings performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KHRI.F is currently unprofitable.

Growing Profit Margin: KHRI.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KHRI.F is unprofitable, and losses have increased over the past 5 years at a rate of -24% per year.

Accelerating Growth: Unable to compare KHRI.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KHRI.F is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.7%).


Return on Equity

High ROE: KHRI.F has a negative Return on Equity (-41.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cypherpunk Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: KHRI.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if KHRI.F's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KHRI.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: KHRI.F has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: KHRI.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if KHRI.F has a sufficient allowance for bad loans.

Low Risk Liabilities: KHRI.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if KHRI.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: KHRI.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if KHRI.F has an appropriate level of bad loans.


Next Steps

Dividend

What is Cypherpunk Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KHRI.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate KHRI.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KHRI.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KHRI.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KHRI.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Cypherpunk Holdings has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Dennis Gibson
Chief Financial Officer1.67yrsno datano data
Mohammed Adham
Chief Investment Officer & Director1.67yrsCA$116.13k0.69% CA$19.7k
Jon Matonis
Chief Economist1.17yrsno datano data
Jeremy Budd
Corporate Secretaryno datano datano data

1.7yrs

Average Tenure

Experienced Management: KHRI.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mohammed Adham
Chief Investment Officer & Director1.67yrsCA$116.13k0.69% CA$19.7k
Marc Henderson
Interim Chairman2.92yrsCA$15.00k7.21% CA$207.0k
Blaise Yerly
Independent Director2.92yrsCA$15.00k8.32% CA$238.8k
Michael S. Sadhra
Independent Director2.92yrsCA$15.00k2.22% CA$63.7k

2.9yrs

Average Tenure

54yo

Average Age

Experienced Board: KHRI.F's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KHRI.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cypherpunk Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cypherpunk Holdings Inc.
  • Ticker: KHRI.F
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$4.057m
  • Listing Market Cap: CA$2.871m
  • Shares outstanding: 90.17m
  • Website: https://www.cypherpunkholdings.com

Number of Employees


Location

  • Cypherpunk Holdings Inc.
  • The Exchange Tower
  • Suite 3680
  • Toronto
  • Ontario
  • M5X 1B1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1X0DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2006
KHRI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2006
HODLCNSX (Canadian National Stock Exchange)YesCommon SharesCACADAug 2006

Biography

Cypherpunk Holdings Inc. invests in cryptocurrencies and privacy technologies. The company was formerly known as Khan Resources Inc. and changed its name to Cypherpunk Holdings Inc. in November 2018. The company was founded in 1995 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 04:05
End of Day Share Price2020/03/10 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.