ASO

Academy Sports

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Consumer Cyclical

industry

Specialty Retail

Exchange

Nasdaq

County of HQ

Canada

Next Earnings Date

06/09/26

Business Summary

DeFi Technologies operates in the capital markets segment with exposure to digital asset investment products and infrastructure, monetizing investor demand for regulated access to decentralized finance themes. The company generates cash by structuring, managing, and distributing financial products tied to digital asset ecosystems, capturing spreads and management economics. Its moat depends on first-mover positioning in regulated crypto-linked vehicles and its ability to maintain high operating margins of 41.70% through scalable financial structures. If it sustains its 75.40% ROIC, the competitive edge lies in capital allocation discipline and structuring expertise rather than physical assets.

VALUATION

P/E

10.2

Market Cap ($M USD)

$3,629

Forward P/E

8.2

PEG

0.7

PRICE TO SALES

0.6

PRICE TO BOOK

1.7

EV / EBITDA

8

5-Year Average P/E

DIVIDEND

Yield

1.00%

Annual Payout

$0.60

Payout Ratio

9.20%

Consecutive Years of Dividend Growth

3

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$5.66

Next Year EPS Growth Estimate

$6.92

Next Year Revenue Growth Estimate

5.50%

Return on Equity (ROE)

17.40%

Operating Margin

8.50%

Debt-to-Equity

0.9

Piotroski F-Score

7

Altman Z-Score

2.9

Return on Invested Capital (ROIC)

10.30%%

Current Ratio

1.9

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 4.4x earnings and 7.1x forward earnings, the market is pricing DEFT like a melting ice cube despite a 38.40% ROE and 41.70% operating margin that most capital markets firms would envy. The valuation screams deep value, but the 0.3 Altman Z-Score is flashing extreme financial distress risk, which explains the compression. A ROIC of 75.40% suggests exceptional capital efficiency, yet the forward multiple expansion versus current P/E implies earnings normalization risk, especially with EPS expected at $0.18 next year versus 3.2 currently. This is a classic high-return business trading cheap for a reason: the balance sheet and forward earnings profile are injecting real doubt into sustainability.

AI Exposure / Tech Reliance

As a Capital Markets firm within Financial Services, DEFT operates in a sector being structurally reshaped by algorithmic trading, digital asset infrastructure, and AI-driven portfolio optimization. Firms that adapt quickly can scale margins, and DEFT’s 41.70% operating margin suggests it is already leveraging technology effectively. However, maintaining that edge requires continuous reinvestment, especially with a 0.9 current ratio limiting flexibility.

The Bull Case

A GARP or deep value investor will immediately gravitate to the 4.4 P/E combined with a staggering 75.40% ROIC — that spread is rare. A 38.40% return on equity and 41.70% operating margin signal a business that converts revenue into real shareholder profit with brutal efficiency. Even with a Piotroski F-Score of 3 indicating weak financial momentum, the raw profitability metrics suggest the core engine is powerful. If the earnings base stabilizes anywhere near current levels, the multiple is mispriced, and the 3.7 price-to-sales and 2 price-to-book ratios do not reflect a business generating these levels of returns on capital.

The Bear Case

The red flags are impossible to ignore. The Altman Z-Score of 0.3 signals serious balance sheet stress, and a 0.9 current ratio confirms liquidity pressure. Debt to equity at 37.40% is not catastrophic alone, but when paired with financial distress indicators and a collapse in EPS expectations to $0.18 next year from 3.2, the earnings quality becomes suspect. The absence of a PEG ratio and missing short interest data further obscure forward visibility, and with no dividend support and a payout ratio not provided, shareholders are fully exposed to downside volatility if profitability mean-reverts.

Market Sentiment & Smart Money

Short Interest %

17.00%

Analyst Consensus

2.11

Average Analyst Price Target

$60.41

Institutional Ownership %

120.00%

1-Year Beta

1.48

Insider Buying % (6 Mo)

1.50%%

Distance to 52-Week High

90.30%%

Distance to 52-Week Low

162.10%%