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SMX (Security Matters) Public Limited Company Warrant (SMXWW)
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Upturn Advisory Summary
11/13/2025: SMXWW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/13/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -2.55 | 52 Weeks Range 0.00 - 0.07 | Updated Date 06/17/2025 |
52 Weeks Range 0.00 - 0.07 | Updated Date 06/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -24.89% | Return on Equity (TTM) -129.59% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 216332 |
Shares Outstanding - | Shares Floating 216332 | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
SMX (Security Matters) Public Limited Company Warrant
Company Overview
History and Background
Security Matters (SMX) Public Limited Company (now folded into VinFast) initially focused on developing a platform for digital asset tracking and authentication. Founded in 2017, it aimed to provide supply chain transparency and anti-counterfeiting solutions.
Core Business Areas
- Digital Asset Tracking: Security Matters developed technology to track and authenticate physical and digital assets using blockchain and other technologies.
- Supply Chain Transparency: The company aimed to improve supply chain visibility and reduce counterfeiting through its platform.
Leadership and Structure
The company had a CEO and a board of directors. Organizational structure was typical of a tech startup.
Top Products and Market Share
Key Offerings
- SMX Platform: Security Matters' core product was a platform for tracking and authenticating assets. Market share data is difficult to determine as the company was not a major player. Competitors included companies offering similar track and trace solutions, such as those providing blockchain-based supply chain tools.
Market Dynamics
Industry Overview
The industry involves supply chain management, asset tracking, and blockchain technologies. It's a growing market with increasing demand for transparency and security.
Positioning
Security Matters aimed to be a leader in digital asset tracking, but the company was not a major player.
Total Addressable Market (TAM)
The TAM for supply chain tracking and anti-counterfeiting solutions is estimated to be in the billions of dollars. SMX aimed to capture a segment of this market.
Upturn SWOT Analysis
Strengths
- Innovative technology
- Focus on supply chain transparency
- Early mover advantage (though not realized)
Weaknesses
- Limited market penetration
- Lack of brand recognition
- Financial instability (prior to being acquired by VinFast through the SPAC merger)
- Limited number of customers.
Opportunities
- Growing demand for supply chain security
- Partnerships with established companies
- Expansion into new markets
Threats
- Competition from larger companies
- Rapid technological advancements
- Economic downturn
Competitors and Market Share
Key Competitors
- IBM (IBM)
- SAP (SAP)
- Oracle (ORCL)
Competitive Landscape
Security Matters faced intense competition from larger, more established companies. Its innovative technology was not enough to overcome its lack of resources and brand recognition.
Major Acquisitions
VinFast
- Year: 2023
- Acquisition Price (USD millions): 23000
- Strategic Rationale: VinFast went public in the US via SPAC merger with Black Spade Acquisition Co. and by extension, Security Matters.
Growth Trajectory and Initiatives
Historical Growth: Historical growth was limited prior to the merger.
Future Projections: Not applicable as the company no longer exists in its original form.
Recent Initiatives: The most recent initiative was its integration with VinFast through a SPAC.
Summary
Security Matters, as a standalone entity, was a small company with innovative technology but limited market penetration. Its lack of resources and competition from larger players hampered its growth. The company was ultimately acquired by VinFast through a SPAC merger, effectively ceasing to exist as a separate entity. The key challenge was converting its technology into a viable business with sufficient market share and financial stability.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Market research reports
- Industry news articles
Disclaimers:
The information provided is based on publicly available data and analyst estimates. It is not financial advice.
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.
About SMX (Security Matters) Public Limited Company Warrant
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-12-07 | Founder, CEO & Executive Director Mr. Haggai Alon | ||
Sector Industrials | Industry Specialty Business Services | Full time employees 17 | Website https://smx.tech |
Full time employees 17 | 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 comprise 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. SMX (Security Matters) Public Limited Company is based in Dublin, Ireland.
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