1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Price Chart
4. Valuation
5. Offer Terms
6. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
EZFL
Listed on
2021-09-15
Sector
Consumer
Subsector
Specialty Retail
Offer Price
$4.00
Shares Offered
6.25M
26.11M
$100.0M
23.9%
Implied Upside vs Midpoint
Description
EzFill is a leading app-based mobile-fueling company in South Florida and the only company which provides fuel-delivery ‘on-demand’ or ‘in subscription’ to customers in three, high-volume verticals – CONSUMER, COMMERCIAL and SPECIALTY. We are capitalizing on the ever-increasing trend in ‘at home’ or ‘at work’ delivery of products to enable this convenience in the $500 B (according to market estimates) market segment of fueling services. We believe consumers and commerce’s pain points in the time, risk and costs of fueling at stations can be resolved by our on-demand and subscription-based fuel delivery services. Our app-based interface provides customers the ability to select the time and location of their fueling needs, whether their service request is ‘on demand’ or structured within routine delivery schedules based on their fuel consumption patterns. We streamline our logistics and fuel purchasing with proprietary, backend software which manages customer accounts and mobilizes our fleet of 13 delivery trucks. The Company plans to acquire additional trucks to the extent supported by business growth and available resources. We are able to achieve volume discounted truckloads of fuel at depots, with subsequent delivery of this fuel to customers at home, work or business locations using our team of trained and certified drivers. We have a strong foothold in the South Florida market and are currently the dominant player in the area with a plan to continue growing strategically in major metros and metropolitan statistical areas (“MSAs”) across the continental US and beyond. Our mission is to disrupt the gas station fueling model by providing consumers and businesses the convenience of gas fueling services brought directly to their locations. EzFill provides a safe, convenient and touch-free way for consumers to fuel their cars. For our commercial and specialty customers, at-site delivery of fuel during the down-times of their vehicles provides operators the benefit of beginning their daily operations with fully-fueled vehicles at cost-savings versus traditional fueling options. --- EzFill FL, LLC was established on July 27, 2016 in the state of Florida. The assets of EzFill, LLC were acquired as of April 9, 2019 by EzFill, Holdings Inc. (formed in March of 2019) which purchased certain assets of EzFill FL LLC’s mobile fueling business. The business is located and operates in South Florida. Our principal executive offices are located at 2125 Biscayne Blvd, #309, Miami, FL 33137, and our telephone number is 305-791-1169. Our website address is www.EzFillApp.com.
| Metric | Value | Peer median | Among peers | |
|---|---|---|---|---|
EV / revenue | 25.6x | 3.1x | ||
Gross margin | 120% | 33.9% | ||
Operating margin | -193% | -8.2% | ||
Net margin | -202% | -8.8% | ||
Free cash flow margin | -45.5% | -6.5% | ||
Net cash / market cap | 0.9% | 0.1% | ||
Debt / equity | 0.00 | 0.00 | ||
Current ratio | 0.34 | 0.97 | ||
Stock comp / revenue | 129% | 0.8% | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2021-06-01 | S-1 | — | $4.00 | 6,250,000 | $25.0M |
| 2021-06-14 | S-1/A | — | $4.00 | 6,250,000 | $25.0M |
| 2021-06-28 | S-1/A | — | $4.00 | 6,250,000 | $25.0M |
| 2021-08-17 | S-1/A | — | $4.00 | 6,250,000 | $25.0M |
| 2021-08-20 | S-1/A | — | $4.00 | 6,250,000 | $25.0M |
| 2021-09-16 | 424B4 | — | $4.00 | 6,250,000 | $25.0M |
NEXTNRG, INC. income statement and balance sheet, FY Dec 2022 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2022after listing | FY Dec 2023after listing | FY Dec 2024after listing | FY Dec 2025after listing |
|---|---|---|---|---|
| Revenue | $15.0M | — | $27.8M | $81.8M |
| Gross profit | ($174K) | — | $1.8M | $6.9M |
| Operating income | ($17.5M) | — | ($11.7M) | ($70.2M) |
| Net income | ($17.5M) | — | ($21.4M) | ($85.7M) |
| Revenue growth | — | — | — | 195% |
| Gross margin | −1.2% | — | 6.4% | 8.4% |
| Operating margin | −116% | — | −42.2% | −85.8% |
| Net margin | −116% | — | −77.0% | −105% |
| Metric | FY Dec 2022after listing | FY Dec 2023after listing | FY Dec 2024after listing | FY Dec 2025after listing |
|---|---|---|---|---|
| Total assets | $10.6M | — | $22.4M | $11.1M |
| Total liabilities | $4.8M | — | $35.1M | $33.2M |
| Total equity | $5.8M | ($2.4M) | ($12.7M) | ($22.1M) |
| Cash & equivalents | $2.1M | — | $1.6M | $384K |