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Enigmatig LTD (EGG) stock

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NYSE: EGG NYSE Research & Consulting Services

C+ Fundamentals grade

Enigmatig LTD is a US-listed company in the research & consulting services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Enigmatig LTD is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 0 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Enigmatig LTD's trailing-twelve-month revenue grew 12.2% year on year, with a free-cash-flow margin of -44.1%. Where it stands out: change in growth rate of +26.1pp ranks 2 of 33 research & consulting services companies we cover. Where it lags: free-cash-flow margin of -44.1% ranks 29 of 33 research & consulting services companies we cover.

Current signal Balance sheet growing far ahead of sales: Total assets grew 423% year over year while revenue grew 12% — the balance sheet is expanding 411 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Growth speeding up. The growth rate is 26.1 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Margins narrowing. Operating margin is down 13.7 points on a year ago.
  • Burning cash. Free cash flow was -44.1% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 3.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 165% and a beta of 0.5 against the S&P 500.
  • Weak cash conversion. Free cash flow was -350% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 101 days ranks 25 of 29 research & consulting services companies we cover (median 63 days).

Price chart

  • 1 day+0.7%
  • 1 week-4.0%
  • 1 month-8.0%
  • This year-5.8%
  • 1 year+26.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.5M
Operating margin
12.1%
Net margin
12.6%
EPS (TTM, diluted)
$0.02

Growth

Revenue growth
+12.2%
Change in growth rate
+26.1 pts
Share count change
+3.5%

Cash

Free cash flow (TTM)
-$2M
FCF margin
-44.1%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for EGG from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Enigmatig LTD as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.5 ~$0.4–$0.6 Left out: out of range vs price (0.09x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.5 ~$0.5–$0.6 Left out: out of range vs price (0.11x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$0.4 ~$0.4–$0.5 Left out: out of range vs price (0.09x)
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Enigmatig LTD with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

Enigmatig LTD: market value and multiples by fiscal year
At fiscal year end 2025
Share price$5.80
Market value$150m
+ Net debt (− = net cash)−$13m
Enterprise value$137m
Multiples
Price / sales 33.7x
Price / earnings n/m
Price / free cash flow —
EV / EBITDA n/m

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Enigmatig LTD: too few analysts cover it.

Positioning

Short interest
0.7%
of tradable shares
Days to cover
0.18
at average volume
Short interest, 1 month
−40%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
32.6%
of shares
Employees
27
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Enigmatig LTD: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 2026 to date
Return
EGG−6%
Industry peers (median)−0%
S&P 500+11%
Months that ended higher
EGG55%
S&P 50046%
Largest fall from a high during the year
EGG−81%
S&P 500−9%

Worst fall since June 18, 2025: 81% from June 4, 2026 to July 27, 2026. Getting back needed a 429% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.05 – $10.85
From 52-week high
−54.4%
vs 50-day average
+27.4%
vs 200-day average
−12.0%
Volatility (1 year)
165%
Beta vs S&P 500
0.53

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Enigmatig LTD in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Enigmatig took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.5M
  2. Other income $317,168 · 7.1%
  3. Cost of revenue $1.4M · 31.2%
  4. Gross profit $3.1M · 68.8%
  5. Other operating costs $2.5M · 56.7%
  6. Operating income $537,997 · 12.1%
  7. Income tax $295,502 · 6.6%
  8. Net income $559,663 · 12.6%
Where Enigmatig's revenue went, FY2025
Revenue $4.5M
Other income $317,168 7.1% of revenue
Cost of revenue $1.4M 31.2% of revenue
Gross profit $3.1M 68.8% of revenue
Other operating costs $2.5M 56.7% of revenue
Operating income $537,997 12.1% of revenue
Income tax $295,502 6.6% of revenue
Net income $559,663 12.6% of revenue

Shares of revenue. Source: Enigmatig's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Enigmatig LTD: annual financial statements
Fiscal year 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 5 4 4
Gross profit 3 3 3
EBITDA 1 1 1
Operating income 1 1 1
Net income 1 1 1
Diluted EPS $0.05 $0.03 $0.02
Growth (year on year)
Revenue — −13.9% +12.2%
EBITDA — −30.6% −44.5%
Operating income — −30.9% −47.4%
Net income — −27.6% −31.8%
Diluted EPS — −40.0% −33.3%
Margins
Gross margin 68.0% 67.1% 68.8%
EBITDA margin 32.2% 25.9% 12.8%
Operating margin 32.1% 25.8% 12.1%
Net margin 24.6% 20.7% 12.6%
Free-cash-flow margin −1.4% −15.3% −44.1%
Cash flow
Cash from operations −0 −1 −2
Capital spending 0 0 0
Free cash flow −0 −1 −2
Balance sheet
Cash 1 2 13
Total debt 0 0 0
Net debt (negative = net cash) −1 −2 −13
Diluted shares 25m 25m 26m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2025
What it owns · $18m
Short-term assets $15mLonger-term assets $3m
What it owes, and who funded it · $18m
Short-term liabilities $2mLonger-term liabilities $0mShareholders' equity $16m
  • Short-term assets cover short-term liabilities $15m of assets due within a year against $2m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $15m short-term assets against $407,622 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Enigmatig LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+3.5%
year over year
Days sales outstanding
101 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Growth, margins and cash generation against peers
Last 12 months unless stated EGG ACCL ZTG LAWR INTJ RYOJ Median
Revenue, last 12 months $4m $5m $3m $8m $2m $9m $632m
Revenue growth, last 12 months 12.2% 5.8% 55.8% 62.5% −8.8% −19.4% 4.8%
Gross margin 68.8% 42.7% — 49.1% 63.8% 26.6% 43.9%
Operating margin 12.1% 4.5% — −120.4% −108.2% −8.1% 6.1%
Net margin 12.6% 5.6% 31.7% −121.2% −98.3% 1.3% 3.1%
Cash from operations / revenue −38.5% 11.1% −115.8% −101.1% −1.0% 9.3% 9.6%
Free-cash-flow margin −44.1% 10.6% −115.8% −101.1% −5.5% 7.4% 7.4%
Stock pay / revenue — — — 1.3% 101.2% 5.8% 2.5%
Change in share count 3.5% 8.1% 0.4% 6.3% 56.0% 5.1% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 12.2% 4.8% 9 of 33
Change in growth rate Growth +26.1pp +0.6pp 2 of 33
Gross margin Profitability 68.8% 45.2% 6 of 25
Operating margin Profitability 12.1% 6.1% 6 of 31
Net margin Profitability 12.6% 3.1% 7 of 33
Free-cash-flow margin Cash generation -44.1% 7.4% 29 of 33
Change in share count Balance sheet 3.5% 0.6% 19 of 30
Days sales outstanding Balance sheet 101 days 63 days 25 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Reported value
$6,034
Institutions reporting
1
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 0 sold ; the biggest buyer was UBS Group AG (+862 shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $6,034 1K 100.0% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Enigmatig LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Enigmatig LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Enigmatig LTD in brief

What does Enigmatig LTD do?
Enigmatig LTD is a US-listed company in the research & consulting services industry. Its financial year ends in September.
What is Enigmatig LTD's stock ticker?
Enigmatig LTD trades under the ticker EGG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Enigmatig LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Enigmatig LTD reported revenue of $4.5M, 12.2% higher than a year earlier, according to its SEC filings.
What is Enigmatig LTD's free cash flow?
Enigmatig LTD's free-cash-flow margin is -44.1% of revenue over the trailing twelve months, ranking 29 of the 33 research & consulting services companies we cover.
What is Enigmatig LTD's market cap?
On September 30, 2025, Enigmatig LTD's market capitalisation was about $150M, with a price-to-earnings ratio of 268.1 and net debt of -$13.2M. Market figures come from third-party market data and may be delayed.
Who are Enigmatig LTD's competitors?
In our Research & Consulting Services peer group, the companies closest to Enigmatig LTD are Acco Group Holdings Ltd, Zenta Group Co Ltd, Robot Consulting Co., Ltd., Intelligent Group Ltd and Ryojbaba Co., Ltd. The side-by-side comparison below sets their revenue, margins and growth against Enigmatig LTD's.