市值不敌现金资产？NIVF这家公司是时候重新估值了

Core Viewpoint - The Federal Reserve has initiated its fifth interest rate cut since September 2024, leading to a resurgence in small-cap stocks in the U.S. equity market, particularly the Russell 2000 index, which has been rising since April 2023 due to expectations of lower interest rates [1] Group 1: Company Overview - The company, 第壹仁汇 (NIVF), has a market capitalization of approximately $134,000, which is significantly lower than its cash assets totaling around $703,670 [2] - The company has been in a state of loss since 2023, primarily due to its previous focus on medical services, a sector where many peers have not yet achieved profitability [2][3] - Despite the losses, the company has been diversifying its business, including acquiring MicroSort laboratory services and entering real estate development in the UAE [2][3] Group 2: Financial Projections - Zacks has initiated coverage on NIVF with a target price of $15 per share, while the current share price is only $1.81, indicating a significant undervaluation [1] - The company is expected to achieve profitability by 2026, with projected net profits of $18.6 million, $74.1 million, and $139 million for the years 2026, 2027, and 2028, respectively [9] - The projected earnings per share for NIVF are expected to rise significantly from $1.59 in 2026 to $11.87 by 2028, compared to its current share price of less than $1 [9] Group 3: Business Diversification - The company is expanding into real estate, having acquired a prime land parcel in Ras Al Khaimah, UAE, for high-end residential development, which is expected to generate substantial revenue [10] - The real estate project is projected to have total sales exceeding $450 million, with a net profit of around $200 million, indicating a strong growth potential for the company [9][10] - The company is also exploring digital asset management through tokenization of real estate and art, positioning itself in the burgeoning RWA (Real World Asset) market, which is projected to exceed $10 trillion by 2030 [12][15]