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Upturn AI Summary - About
SMX (Security Matters) Public Limited Company Class A Ordinary Shares(SMX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SMX
09/28/2026: SMX (1-star) is currently NOT-A-BUY. Pass it for now.
SMX is a small-cap, early-stage technology company focused on digital-physical tagging solutions to improve supply chain transparency and circular economy sustainability. Its primary strength lies in its proprietary chemical marking technology, which provides a unique way to track materials through recycling. The company's investment story hinges on its ability to capture market share within the growing ESG-compliant supply chain sector. However, SMX faces significant risks, including limited revenue, high cash burn, and intense competition from established industrial labels. This stock is best suited for speculative investors with a high risk tolerance who are willing to monitor the company’s ability to convert pilot projects into meaningful, long-term commercial contracts.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers a unique technology niche but faces execution risk that complicates the growth thesis. |
| Momentum investor | Weak fit | The stock has demonstrated high volatility, requiring strong signals which are currently not consistently present. |
| Value investor | Weak fit | Current fundamentals and lack of sustained profitability do not align with traditional value investment criteria. |
| Dividend investor | Weak fit | The company does not pay a dividend and focuses on cash preservation for growth. |
| Low-risk investor | Weak fit | High volatility and operational uncertainty make this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's limited liquidity and early-stage nature often lead to rapid and significant price swings. |
| Valuation risk | High | Valuations are often disconnected from fundamental earnings, posing risks to downside protection. |
| Competition risk (incumbent tech) | High | Established players like Avery Dennison have significant resource advantages and scale. |
| Business quality | Medium | The core technology is proprietary, but the business model has not yet proven sustainable scaling. |
| Dividend income | Low / none | Investors should not expect income from this investment. |
| Execution risk | High | Success relies heavily on overcoming adoption hurdles and scaling operations into global supply chains. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 7.42M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 37.6K shares | Beta -4.41 | 52 Weeks Range 6.19 - 109340.79 | Updated Date 09/28/2026 |
52 Weeks Range 6.19 - 109340.79 | Updated Date 09/28/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -194.04 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Technology Licensing | Licensing fees for the use of proprietary marking technology. | They make money when companies pay to use their secret ingredient tracking system. |
| Digital Platform Services | Subscription and usage fees for their digital tracking and reporting software. | They sell software that helps companies track their materials. |
Valuation
Trailing PE - | Forward PE - | Enterprise Value -20.86M | Price to Sales(TTM) - |
Enterprise Value -20.86M | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA 0.83 | Shares Outstanding 1.09M | Shares Floating 791.70K |
Shares Outstanding 1.09M | Shares Floating 791.70K | ||
Percent Insiders 26.49 | Percent Institutions 0.9 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About SMX (Security Matters) Public Limited Company Class A Ordinary Shares
Exchange NASDAQ | Headquarters - | ||
IPO Launch date 2021-12-09 | Founder, CEO & Chairman of the Board Mr. Haggai Alon | ||
Sector Industrials | Industry Specialty Business Services | Full time employees 25 | Website https://smx.tech |
Full time employees 25 | Website https://smx.tech | ||
SMX (Security Matters) Public Limited Company provides brand protection, authentication and track and trace technology for the anti-counterfeit market. Its proprietary marker system embeds a permanent or removable mark on solid, liquid, or gaseous objects or materials. The company's solutions include physical or chemical marker system coupled with a reader and connected to a blockchain digital platform for application in process tracing, authentication, and sustainability and circular economics industries. It serves brand owners, manufacturers, and suppliers. The company was formerly known as Empatan Public Limited Company and changed its name to SMX (Security Matters) Public Limited Company in February 2023. The company is based in Dublin, Ireland.
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