Nocera Inc. Common Stock (NCRA)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $1.77, FairStock calculates a negative P/E, a P/B of 0.51, ROE of -106.51%, ROCE of -36.85%, and a free cash flow yield of -80.2%. Those are not the marks of a healthy enterprise. In fiscal 2023, the year ended 2023-12-31, Nocera reported revenue of $23.9 million and net income of -$4.1 million. In fiscal 2024, revenue fell to $17.0 million and net loss was $4.5 million. In fiscal 2025, revenue was $11.0 million and net loss was $2.9 million. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.1 million and net income was -$1.5 million, compared with revenue of $4.0 million and net loss of $316,425 in fiscal Q2 2025. That is contraction, not growth. The company has no debt on the reported D/E of 0.00, which helps, but it is consuming cash: trailing free cash flow is -$3.4 million against a $4.3 million market cap. FairStock's Piotroski score is 3/9 and Altman Z-Score is -3.57, both warning signs. It has 17 employees and has not earned a profit in the last four years, so the Lynch method assigns no category. A Graham-style investor might glance at P/B below 1, but book value is only a margin of safety if the assets are real and can generate cash. Here there is no demonstrated moat, no pricing power, and no record of profitability. I would want to see revenue stabilize, losses shrink, and cash flow turn positive before calling this a value opportunity. A low price alone is not enough; it can be a value trap.

In plain English: Nocera provides land-based fish farming and aquaculture equipment and services, mostly through an acquisition-focused model. The business looks weak: sales have been falling and it is losing money and burning cash. The stock price is low compared with the company's reported net assets, but without profits or positive cash flow it is hard to call it cheap on business fundamentals.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer