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TON STRATEGY CO (TONX) Stock Fundamental Analysis

USA - NASDAQ:TONX - US92337U3023 - Common Stock

3.31 USD
-0.18 (-5.16%)
Last: 11/14/2025, 8:00:01 PM
3.4498 USD
+0.14 (+4.22%)
After Hours: 11/14/2025, 8:00:01 PM
Fundamental Rating

4

Taking everything into account, TONX scores 4 out of 10 in our fundamental rating. TONX was compared to 281 industry peers in the Software industry. While TONX has a great health rating, there are worries on its profitability. While showing a medium growth rate, TONX is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year TONX has reported negative net income.
In the past year TONX has reported a negative cash flow from operations.
In the past 5 years TONX always reported negative net income.
TONX had a negative operating cash flow in each of the past 5 years.
TONX Yearly Net Income VS EBIT VS OCF VS FCFTONX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -10M -20M -30M

1.2 Ratios

The Return On Assets of TONX (-47.25%) is worse than 82.92% of its industry peers.
TONX's Return On Equity of -57.69% is on the low side compared to the rest of the industry. TONX is outperformed by 70.82% of its industry peers.
Industry RankSector Rank
ROA -47.25%
ROE -57.69%
ROIC N/A
ROA(3y)-137.96%
ROA(5y)-120.78%
ROE(3y)-502.89%
ROE(5y)-407.82%
ROIC(3y)N/A
ROIC(5y)N/A
TONX Yearly ROA, ROE, ROICTONX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K -8K

1.3 Margins

TONX has a Gross Margin of 73.22%. This is in the better half of the industry: TONX outperforms 60.14% of its industry peers.
In the last couple of years the Gross Margin of TONX has grown nicely.
TONX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 73.22%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.42%
GM growth 5Y10.03%
TONX Yearly Profit, Operating, Gross MarginsTONX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20K -40K -60K

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8

2. Health

2.1 Basic Checks

TONX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TONX has more shares outstanding
TONX has more shares outstanding than it did 5 years ago.
TONX has a better debt/assets ratio than last year.
TONX Yearly Shares OutstandingTONX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TONX Yearly Total Debt VS Total AssetsTONX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

2.2 Solvency

TONX has an Altman-Z score of 15.26. This indicates that TONX is financially healthy and has little risk of bankruptcy at the moment.
TONX has a better Altman-Z score (15.26) than 91.81% of its industry peers.
TONX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 15.26
ROIC/WACCN/A
WACC10.94%
TONX Yearly LT Debt VS Equity VS FCFTONX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M

2.3 Liquidity

TONX has a Current Ratio of 3.34. This indicates that TONX is financially healthy and has no problem in meeting its short term obligations.
TONX has a Current ratio of 3.34. This is in the better half of the industry: TONX outperforms 79.72% of its industry peers.
A Quick Ratio of 3.34 indicates that TONX has no problem at all paying its short term obligations.
The Quick ratio of TONX (3.34) is better than 80.07% of its industry peers.
Industry RankSector Rank
Current Ratio 3.34
Quick Ratio 3.34
TONX Yearly Current Assets VS Current LiabilitesTONX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 94.91% over the past year.
The Revenue has grown by 4054.37% in the past year. This is a very strong growth!
Measured over the past years, TONX shows a very negative growth in Revenue. The Revenue has been decreasing by -37.11% on average per year.
EPS 1Y (TTM)94.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%55.25%
Revenue 1Y (TTM)4054.37%
Revenue growth 3Y-56.02%
Revenue growth 5Y-37.11%
Sales Q2Q%5637.84%

3.2 Future

The Earnings Per Share is expected to grow by 35.39% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 347.21% on average over the next years. This is a very strong growth
EPS Next Y74.55%
EPS Next 2Y35.39%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1275%
Revenue Next 2Y347.21%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TONX Yearly Revenue VS EstimatesTONX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2M 4M 6M 8M 10M
TONX Yearly EPS VS EstimatesTONX Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 -2K -4K -6K

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TONX. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for TONX. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TONX Price Earnings VS Forward Price EarningsTONX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TONX Per share dataTONX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -2 -4 -6 -8 -10

4.3 Compensation for Growth

A more expensive valuation may be justified as TONX's earnings are expected to grow with 35.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.39%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

TONX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TON STRATEGY CO

NASDAQ:TONX (11/14/2025, 8:00:01 PM)

After market: 3.4498 +0.14 (+4.22%)

3.31

-0.18 (-5.16%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-06 2025-08-06/bmo
Earnings (Next)11-17 2025-11-17
Inst Owners0.09%
Inst Owner ChangeN/A
Ins Owners1.59%
Ins Owner Change57.4%
Market Cap197.14M
Revenue(TTM)4.28M
Net Income(TTM)-11.18M
Analysts82.86
Price Target63.24 (1810.57%)
Short Float %0.83%
Short Ratio0.42
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.84%
Min EPS beat(2)13.98%
Max EPS beat(2)17.7%
EPS beat(4)4
Avg EPS beat(4)12.13%
Min EPS beat(4)2.45%
Max EPS beat(4)17.7%
EPS beat(8)6
Avg EPS beat(8)5.92%
EPS beat(12)8
Avg EPS beat(12)7.71%
EPS beat(16)9
Avg EPS beat(16)3.41%
Revenue beat(2)2
Avg Revenue beat(2)54.3%
Min Revenue beat(2)48.67%
Max Revenue beat(2)59.93%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 46.07
P/FCF N/A
P/OCF N/A
P/B 10.17
P/tB 18.65
EV/EBITDA N/A
EPS(TTM)-10.48
EYN/A
EPS(NY)-5.38
Fwd EYN/A
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)-0.12
OCFYN/A
SpS0.07
BVpS0.33
TBVpS0.18
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -47.25%
ROE -57.69%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 73.22%
FCFM N/A
ROA(3y)-137.96%
ROA(5y)-120.78%
ROE(3y)-502.89%
ROE(5y)-407.82%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.42%
GM growth 5Y10.03%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 40.97%
Cap/Sales 11.24%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.34
Quick Ratio 3.34
Altman-Z 15.26
F-Score5
WACC10.94%
ROIC/WACCN/A
Cap/Depr(3y)80.2%
Cap/Depr(5y)79.39%
Cap/Sales(3y)194.62%
Cap/Sales(5y)121.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%55.25%
EPS Next Y74.55%
EPS Next 2Y35.39%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4054.37%
Revenue growth 3Y-56.02%
Revenue growth 5Y-37.11%
Sales Q2Q%5637.84%
Revenue Next Year1275%
Revenue Next 2Y347.21%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y53.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y54.04%
OCF growth 3YN/A
OCF growth 5YN/A

TON STRATEGY CO / TONX FAQ

Can you provide the ChartMill fundamental rating for TON STRATEGY CO?

ChartMill assigns a fundamental rating of 4 / 10 to TONX.


What is the valuation status for TONX stock?

ChartMill assigns a valuation rating of 1 / 10 to TON STRATEGY CO (TONX). This can be considered as Overvalued.


What is the profitability of TONX stock?

TON STRATEGY CO (TONX) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for TONX stock?

The Earnings per Share (EPS) of TON STRATEGY CO (TONX) is expected to grow by 74.55% in the next year.