CI

CEA Industries Inc. Common Stock

BNC·NASDAQ

$6.47

-0.077%
IndustrialsEngineering & Construction

CEA Industries Inc. is a U.S.-based company providing engineering, design, and technology solutions for the controlled environment agriculture (CEA) industry. Through its subsidiary Surna Cultivation Technologies LLC, it supplies proprietary environmental controls, HVAC, mechanical, electrical, and lighting systems primarily for indoor cannabis and specialty crop cultivation operations in North America. The company recently shifted its strategic focus to operate under the name "BNB Network Company," adopting BNB as its primary treasury reserve asset.

At a Glance

Live Snapshot
Market Cap$278.75M
EPS-4.2200
P/E Ratio-1.53
Earnings Date11/13/2025

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.5).

Valuation inputs: P/E -1.5, earnings yield N/A, momentum -0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -34.2%, ROIC -33.5%).

Profitability stack: net margin -1.1%, ROE -34.2%, ROIC -33.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +11.2%, momentum -0.1%, net margin -1.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

b

CEA Industries Inc. Common Stock Market vs Earnings Trajectory

BNC · NASDAQ

Loading price and EPS data...

CI

CEA Industries Inc. Common Stock Fair Value Envelope

BNC · NASDAQ

Our analysis suggests that BNC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.47, this represents a potential HIDDEN relative to our calculated worth for CEA Industries Inc. Common Stock.

Intrinsic Value
Current Price: $6.47
3Y-32.0%
5Y-69.0%
10Y-69.0%
3Y-79.0%
5Y-67.0%
10Y-67.0%
3Y+135.0%
5Y+79.0%
10Y+79.0%
3Y-5.0%
5Y-474.0%
10Y-474.0%
3Y-7.0%
5Y-478.0%
10Y-478.0%
3Y+96.0%
5Y+115.0%
10Y+115.0%
CI

CEA Industries Inc. Common Stock Profit Bridge

BNC · NASDAQ
Revenue2.80M
Cost of Goods Sold (3.02M)
Gross Profit-219.62K
Operating Expenses (2.95M)
Operating Income-3.17M
Interest Expense (0.00)
Other Income/Expense26.14K
Pretax Income-3.15M
Income Tax (0.00)
Net Income-3.15M
Net Income
-3.15M

Profitability Analysis

Gross Margin

-7.8%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-113.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-112.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

-7.83%
Gross Profit Margin
-200%
3Y-137.0%
5Y-143.0%
10Y-143.0%
-113.15%
Operating Profit Margin
165%
3Y+680.0%
5Y+308.0%
10Y+308.0%
-112.22%
Net Profit Margin
166%
3Y+1044.0%
5Y+443.0%
10Y+443.0%
-34.20%
Return on Equity
44%
3Y-90.0%
5Y-126.0%
10Y-126.0%
-30.36%
Return on Assets
44%
3Y+20.0%
5Y-17.0%
10Y-17.0%
-33.50%
Return on Invested Capital
43%
3Y-83.0%
5Y-112.0%
10Y-112.0%
B

CEA Industries Inc. Common Stock Cash Conversion Engine

BNC · NASDAQ
Net Income-3.15M
Depreciation & Amortization20.07K
Stock-Based Compensation82.46K
Change in Working Capital-122.41K
Others110.41K
Capital Expenditures0.00
Free Cash Flow-3.06M

Cash Flow Quality Analysis

FCF Conversion Rate

97.1%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

FCF Growth Trend

+50.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$122.41K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

b

CEA Industries Inc. Common Stock Funding & Solvency Profile

BNC · NASDAQ
Cash & Cash Equivalents3.02M
Net Receivables422.27K
Inventory3.37M
Other Current Assets256.00K
Total Current Assets7 M
Property, Plant & Equipment2.23M
Goodwill & Intangible Assets9.37M
Long-Term Investments0.00
Other Non-Current Assets231.26K
Total Non-Current Assets2 M
Total Assets
19.13M

Financial Health Analysis

Current Ratio

0.88x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.77x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-1010816

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

38% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

b

CEA Industries Inc. Common Stock Street Expectations Map

BNC · NASDAQ

No Target Data

No analyst price targets available for bnc.

b

CEA Industries Inc. Common Stock Insider Positioning

BNC · NASDAQ

During the last 12 months, insiders have purchased $60K worth of BNC shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

7.1K

59.66K

Sold

0

0.00

Net Activity

+60K

+$60K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
MAK

Mcdonald Anthony K

Director, Officer: President

7.1K shares2 transactions

$60K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $60K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

No Dividend Yield Data

BNC has not reported any dividend yield values in the available annual periods.

 

bnc Dividend History

BNC
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%