Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
ERock, Inc.
Physical assets are 31.8% of total assets, a mixed footprint. Capex is 0.61x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by -15.24x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 4.77x.
Physical asset ratio
31.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.77x
Revenue per dollar of the physical asset base.
Capex / D&A
0.61x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$2.33
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $9.50.
Fixed-charge coverage
-15.24x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
23.3%
Latest free cash flow divided by current market cap ($479.33M).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.91x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2024 | 57.3% | 3.34x | 1.71x | -$1.15 | -2.95x | -$33.21M | — | -1.11x |
| 2025 | 31.8% | 4.77x | 0.61x | -$2.33 | -15.24x | $111.83M | — | -0.91x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $38.38M
Inventory: $43.68M
Total assets: $257.90M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $370.01M
Tangible book: -$112.12M
Shares: 48,174,023
Revenue: $183.15M
Capex: $4.67M
D&A: $7.66M
EBITDA: -$27.08M
Interest: $755.00K
Short-term debt: $1.33M
Free cash flow: $111.83M
Operating income: -$34.74M
Invested capital: —
Tax rate: —