Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Bimergen Energy Corporation
Net PP&E was missing, so the physical footprint could not be scored. EBITDA after capex covers debt service by -7.59x, which is below 1.
Physical asset ratio
—Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$27.20MtotalAssetsResult —
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E—Not reportedResult —
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.68McapitalExpendituresD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$1.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$27.20MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$23.90MintangibleAssetsLiabilities$7.84MtotalLiabTangible book-$4.54MShares3,930,906commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$1.15
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$2.34Latest quoteTangible book / share-$1.152025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $2.34.
Fixed-charge coverage
-7.59xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.93MebitdaCapex$1.68McapitalExpendituresInterest$44.86KinterestExpenseShort-term debt$825.70KshortTermDebtEBITDA − capex-$6.61MPrincipal due is short-term debt.Result -7.59x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-4.8%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$799.88KfreeCashFlowMarket cap$16.75MMarketCapitalizationResult -4.8%
Latest free cash flow divided by current market cap ($16.75M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$4.93MoperatingIncomeTax expense$0.00taxProvisionPretax income-$4.97MincomeBeforeTaxTax rate—Equity$19.36MtotalStockholderEquityDebt$825.70KshortLongTermDebtTotalCash$401.20KcashInvested capital$19.79MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 5.7%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$77.19KpropertyPlantAndEquipmentNetInventory$116.22KinventoryTotal assets$3.40MtotalAssetsResult 5.7% | 23.79xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$1.84MtotalRevenueNet PP&E$77.19KpropertyPlantAndEquipmentNetResult 23.79x | 0.00xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$25.50KdepreciationAndAmortizationResult 0.00x | $0.07Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.40MtotalAssetsGoodwill$170.20KgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$1.74MtotalLiabTangible book$1.49MShares20,228,382commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $0.07 | -0.34xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$579.91KebitdaCapex$0.00capitalExpendituresInterest$66.24KinterestExpenseShort-term debt$1.66MshortTermDebtEBITDA − capex-$579.91KPrincipal due is short-term debt.Result -0.34x | -$123.16KFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$123.16KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$123.16KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$123.16K | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$613.71KoperatingIncomeTax expense—Not reportedPretax income-$671.66KincomeBeforeTaxTax rate—Equity$1.66MtotalStockholderEquityDebt$1.66MshortLongTermDebtTotalCash$59.68KcashInvested capital$3.26MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -7.95xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$613.71KoperatingIncomeNet PP&E$77.19KpropertyPlantAndEquipmentNetResult -7.95x |
| 2019 | 2.2%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$25.38KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$1.16MtotalAssetsInventory was not reported and is treated as zero.Result 2.2% | 8.25xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$209.37KtotalRevenueNet PP&E$25.38KpropertyPlantAndEquipmentNetResult 8.25x | 0.00xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$51.81KdepreciationAndAmortizationResult 0.00x | $0.00Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.16MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.11MtotalLiabTangible book$48.96KShares20,240,882commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.00 | -1.32xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.50MebitdaCapex$0.00capitalExpendituresInterest$65.30KinterestExpenseShort-term debt$1.07MshortTermDebtEBITDA − capex-$1.50MPrincipal due is short-term debt.Result -1.32x | $635.91KFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$635.91KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow$635.91KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $635.91K | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.55MoperatingIncomeTax expense—Not reportedPretax income-$1.61MincomeBeforeTaxTax rate—Equity$48.96KtotalStockholderEquityDebt$1.07MshortLongTermDebtTotalCash$110.59KcashInvested capital$1.01MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -61.06xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$1.55MoperatingIncomeNet PP&E$25.38KpropertyPlantAndEquipmentNetResult -61.06x |
| 2020 | 3.8%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$10.96KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$284.86KtotalAssetsInventory was not reported and is treated as zero.Result 3.8% | 15.70xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$172.02KtotalRevenueNet PP&E$10.96KpropertyPlantAndEquipmentNetResult 15.70x | 0.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$14.42KdepreciationAndAmortizationResult 0.00x | -$0.01Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$284.86KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$533.29KtotalLiabTangible book-$248.43KShares20,240,882commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$0.01 | -0.50xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$256.33KebitdaCapex$0.00capitalExpendituresInterest$26.65KinterestExpenseShort-term debt$490.00KshortTermDebtEBITDA − capex-$256.33KPrincipal due is short-term debt.Result -0.50x | $446.97KFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$446.97KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow$446.97KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $446.97K | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$335.38KoperatingIncomeTax expense—Not reportedPretax income-$297.39KincomeBeforeTaxTax rate—Equity-$248.43KtotalStockholderEquityDebt$490.00KshortLongTermDebtTotalCash$41.66KcashInvested capital$199.92KROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -30.60xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$335.38KoperatingIncomeNet PP&E$10.96KpropertyPlantAndEquipmentNetResult -30.60x |
| 2021 | —Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$1.01MtotalAssetsResult — | —Fixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$168.88KtotalRevenueNet PP&E—Not reportedResult — | 2.28xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$25.00KcapitalExpendituresD&A$10.96KdepreciationAndAmortizationResult 2.28x | $6.68Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.01MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$35.00KintangibleAssetsLiabilities$11.11KtotalLiabTangible book$965.84KShares144,577commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $6.68 | -0.71xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$274.00KebitdaCapex$25.00KcapitalExpendituresInterest$26.86KinterestExpenseShort-term debt$395.00KshortTermDebtEBITDA − capex-$299.00KPrincipal due is short-term debt.Result -0.71x | -$187.65KFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$162.65KtotalCashFromOperatingActivitiesCapex$25.00KcapitalExpendituresFree cash flow-$187.65KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$187.65K | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$284.96KoperatingIncomeTax expense$124.36KincomeTaxExpensePretax income-$284.96KincomeBeforeTaxTax rate—Equity$1.00MtotalStockholderEquityDebt$395.00KshortLongTermDebtTotalCash$976.95KcashInvested capital$418.89KROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$284.96KoperatingIncomeNet PP&E—Not reportedResult — |
| 2022 | —Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$210.72KtotalAssetsResult — | —Fixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$26.20KtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$861.91KdepreciationAndAmortizationResult 0.00x | $0.10Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$210.72KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$11.40KtotalLiabTangible book$199.33KShares2,034,349commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.10 | -4,057.17xFixed-charge coverage · 2022-12-31(EBITDA − capex) / interestEBITDA-$811.43KebitdaCapex$0.00capitalExpendituresInterest$200.00interestExpenseEBITDA − capex-$811.43KShort-term debt was not reported, so the denominator is interest only.Result -4,057.17x | -$789.34KFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$789.34KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$789.34KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$789.34K | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$861.91KoperatingIncomeTax expense-$50.48KincomeTaxExpensePretax income-$811.63KincomeBeforeTaxTax rate—Equity$199.33KtotalStockholderEquityDebt—Not reportedCash$197.72KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$861.91KoperatingIncomeNet PP&E—Not reportedResult — |
| 2023 | —Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$163.42KtotalAssetsResult — | —Fixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$308.00totalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$818.69KdepreciationAndAmortizationResult 0.00x | $0.03Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$163.42KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$35.23KtotalLiabTangible book$128.19KShares4,603,065commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.03 | —Fixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$920.42KebitdaCapex$0.00capitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex-$920.42KResult — | -$457.81KFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$457.81KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$457.81KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$457.81K | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$927.73KoperatingIncomeTax expense$0.00taxProvisionPretax income-$920.42KincomeBeforeTaxTax rate—Equity$128.19KtotalStockholderEquityDebt—Not reportedCash$152.42KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$927.73KoperatingIncomeNet PP&E—Not reportedResult — |
| 2024 | —Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$23.25MtotalAssetsResult — | —Fixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E—Not reportedResult — | —Capex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A—Not reportedResult — | -$0.14Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$23.25MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$22.22MintangibleAssetsLiabilities$1.76MtotalLiabTangible book-$728.11KShares5,121,383commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.14 | —Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.76MebitdaCapex$0.00capitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex-$2.76MResult — | -$349.83KFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$349.83KtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$349.83KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$349.83K | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.76MoperatingIncomeTax expense$0.00taxProvisionPretax income-$2.76MincomeBeforeTaxTax rate—Equity$21.49MtotalStockholderEquityDebt—Not reportedCash$156.09KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$2.76MoperatingIncomeNet PP&E—Not reportedResult — |
| 2025 | —Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$27.20MtotalAssetsResult — | —Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E—Not reportedResult — | —Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.68McapitalExpendituresD&A—Not reportedResult — | -$1.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$27.20MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$23.90MintangibleAssetsLiabilities$7.84MtotalLiabTangible book-$4.54MShares3,930,906commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$1.15 | -7.59xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.93MebitdaCapex$1.68McapitalExpendituresInterest$44.86KinterestExpenseShort-term debt$825.70KshortTermDebtEBITDA − capex-$6.61MPrincipal due is short-term debt.Result -7.59x | -$799.88KFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$878.44KtotalCashFromOperatingActivitiesCapex$1.68McapitalExpendituresFree cash flow-$799.88KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$799.88K | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$4.93MoperatingIncomeTax expense$0.00taxProvisionPretax income-$4.97MincomeBeforeTaxTax rate—Equity$19.36MtotalStockholderEquityDebt$825.70KshortLongTermDebtTotalCash$401.20KcashInvested capital$19.79MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$4.93MoperatingIncomeNet PP&E—Not reportedResult — |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: —
Inventory: —
Total assets: $27.20M
Goodwill: $0.00
Intangibles: $23.90M
Liabilities: $7.84M
Tangible book: -$4.54M
Shares: 3,930,906
Revenue: $0.00
Capex: $1.68M
D&A: —
EBITDA: -$4.93M
Interest: $44.86K
Short-term debt: $825.70K
Free cash flow: -$799.88K
Operating income: -$4.93M
Invested capital: $19.79M
Tax rate: —