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XTKGX3 Holdings Co., Ltd.
$0.59$8M
Overview & Verdict
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  3. XTKG
  4. Financial Ratios

X3 Holdings Co., Ltd. (XTKG) Financial Ratios

Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -78.6%. (2016–2024 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

XTKG Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$8M$113M$20M—$66M—————
Enterprise Value$15M$120M$26M—$66M—————
P/E Ratio →-0.10—————————
P/S Ratio0.699.701.16—2.04—————
P/B Ratio0.162.260.14—0.79—166940.10———
P/FCF——————————
P/OCF——————————

P/E links to full P/E history page with 30-year chart

XTKG EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—10.321.57—2.05—————
EV / EBITDA——————————
EV / EBIT——————————
EV / FCF——————————

XTKG Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin39.8%39.8%20.3%35.9%33.4%35.2%30.2%33.8%37.4%35.6%
Operating Margin-718.3%-718.3%-318.4%-191.7%-25.3%-12.3%-56.0%4.4%17.8%17.7%
Net Profit Margin-656.6%-656.6%-651.4%-205.2%-29.1%-68.5%-53.7%6.7%18.4%16.3%

Return on Capital

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE-78.6%-78.6%-88.9%-23.2%-12.0%-46.4%-174.7%26.5%127.6%337.4%
ROA-58.1%-58.1%-71.5%-17.5%-8.5%-26.7%-36.9%6.2%22.9%26.4%
ROIC-60.1%-60.1%-31.4%-16.0%-8.0%-7.0%-335.3%25.7%116.0%—
ROCE-85.1%-85.1%-43.4%-21.7%-10.4%-8.4%-182.2%17.4%123.6%365.4%

XTKG Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.230.230.070.120.090.060.270.310.04—
Debt / EBITDA———————1.200.06—
Net Debt / Equity—0.140.050.020.00-0.05-0.73-0.47-0.52-4.20
Net Debt / EBITDA———————-1.83-0.65-1.11
Debt / FCF———————-3.94—-1.11
Interest Coverage-126.91-126.91-149.94-98.82———47.22—205.49

XTKG Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio0.740.740.983.131.210.920.811.041.060.85
Quick Ratio0.740.740.983.131.210.920.811.041.060.85
Cash Ratio0.120.120.090.340.220.250.240.240.180.36
Asset Turnover—0.130.100.080.280.250.650.830.991.62
Inventory Turnover————224.43—————
Days Sales Outstanding—613.93518.872666.45335.86278.34231.53248.92220.5988.52

XTKG Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield——————————
Payout Ratio——————————

Total Shareholder Return Metrics

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield——————————
FCF Yield——————————
Buyback Yield0.0%0.0%0.0%—0.0%—————
Total Shareholder Yield0.0%0.0%0.0%—0.0%—————
Shares Outstanding—$672860$76858$0$3079$0$0$0$0$0

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and operational viability

Speculative Discount Reflects Strategic Uncertainty

Based on reported figures, XTKG trades at a price-to-sales ratio of 0.69, which suggests that the market assigns a significant discount to the company's diversified business model compared to traditional software peers, likely reflecting deep skepticism regarding the sustainability of its recent pivot into crypto and agriculture.

The negative P/E ratio and lack of meaningful EV/EBITDA metrics underscore the company's inability to generate consistent earnings, rendering traditional valuation multiples largely ineffective for assessing intrinsic value. Investors should monitor whether the current P/S multiple represents a value opportunity or a value trap, given the persistent revenue contraction and the absence of a clear path to profitability.

Capital Compounding Remains Fundamentally Impaired

As reported in financial statements, XTKG's ROIC has remained consistently negative, reaching -25.3% in 2025Q2, which indicates that the company is currently destroying shareholder capital rather than compounding it through its various operational initiatives in trade software, cryptocurrency mining, and agricultural technology.

The persistent decay in return on invested capital suggests that the company's capital allocation strategy has failed to generate returns exceeding the cost of capital. This trend warrants further investigation into whether the recent pivot to capital-intensive sectors is merely masking the structural decline of the legacy software business.

Working Capital Inefficiency Hinders Operational Flow

According to recent SEC filings, XTKG's asset turnover ratio has stagnated at 0.04 in 2025Q2, a figure that highlights the company's inability to efficiently utilize its asset base to generate revenue compared to historical levels and broader industry standards for software-centric business models.

The extremely high DSO and DPO figures suggest significant friction in the company's cash conversion cycle, indicating that XTKG may be struggling to collect receivables from its trade-zone clients while simultaneously managing supplier obligations. This inefficiency appears to be a structural drag on liquidity, further complicating the firm's ability to fund its ongoing operational burn.

Liquidity Buffer Nearing Critical Thresholds

Based on the latest quarterly data, XTKG's current ratio has compressed to 0.95, indicating that the company's short-term assets are no longer sufficient to cover its immediate liabilities, a precarious position that leaves the firm highly vulnerable to any further deterioration in operational cash flow.

The reliance on a thin liquidity buffer suggests that the company may face imminent financing risks if it cannot rapidly improve its cash position. Investors should monitor the company's ability to maintain operations without resorting to dilutive equity raises, as the current balance sheet appears ill-equipped to absorb prolonged periods of negative cash flow.

Misapplication of Revenue-Based Valuation Metrics

As indicated by the company's financial history, the P/S ratio is frequently misapplied to XTKG, as it obscures the fundamental shift in revenue quality from high-margin software services to volatile, low-margin cryptocurrency mining and capital-intensive agricultural projects that carry entirely different risk profiles.

Analysts should instead focus on cash-flow-based metrics or segment-specific margins to evaluate the company's true earning power. Relying on aggregate revenue multiples fails to account for the fact that a significant portion of the company's top-line may be non-recurring or highly sensitive to external commodity and token price fluctuations.

Download Financial Ratios Data

Includes 30+ ratios · 9 years · Updated daily

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XTKG — Frequently Asked Questions

Quick answers to the most common questions about buying XTKG stock.

What is X3 Holdings Co., Ltd.'s P/E ratio?

X3 Holdings Co., Ltd.'s current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.

What is X3 Holdings Co., Ltd.'s ROE?

X3 Holdings Co., Ltd.'s return on equity (ROE) is -78.6%. The historical average is 7.5%.

Is XTKG stock overvalued?

Based on historical data, X3 Holdings Co., Ltd. is trading at a P/E of -0.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are X3 Holdings Co., Ltd.'s profit margins?

X3 Holdings Co., Ltd. has 39.8% gross margin and -718.3% operating margin.