21shares Sui ETF Common Shares of Beneficial Interest Shares (TSUI)

Key Financials

AI Analysis

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

I have spent decades looking for businesses with durable advantages, honest earnings, and a sensible price. This vehicle is not that kind of business. It is a trust that holds SUI and values its shares daily, according to the business description. There is no revenue, no earnings per share, and no book value or return on equity in the data. Filed figures show a net loss of $3.4 million in fiscal Q2 2026, the quarter ended 2026-06-30, and a net loss of $5.7 million in fiscal Q1 2026, the quarter ended 2026-03-31. Revenue is not reported. Those losses may reflect mark-to-market moves on SUI rather than operating costs, but I cannot verify that from the filings provided. The trust has no moat I can identify: it simply holds a commodity-like digital asset, and its fate is tied to SUI's price. Financial health is difficult to judge because debt-to-equity, current ratio, and cash flow are absent. Valuation is equally opaque: P/E, P/B, ROE, ROCE, and dividend yield are all N/A. The shares closed at $20.24 on 2026-10-16, with a $19.8M market cap, and the 52-week range is $13.00 to $26.58, so the price is mid-range, not demonstrably cheap. There are only two quarterly filings and no annual results, so the Lynch category is none. Growth trajectory depends entirely on SUI, not on business execution. In Graham terms, without earnings or asset values, I cannot establish intrinsic worth or a margin of safety. This is a speculative commodity wrapper, not a compounding business.

In plain English: This is an exchange-traded fund that holds Sui, a digital currency, rather than a normal company selling goods or services. It has reported losses in its two most recent quarters and no revenue, so there is no earnings record to judge a traditional business. At $20.24, its price sits in the middle of its 52-week range, but without earnings or book value it is hard to call it cheap or expensive by ordinary numbers.

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Data as of 2026-10-16 close · note generated 2026-10-20 · 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)

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