Latest Ratios: P/E Ratio 0.2x · EV/EBITDA N/A · ROE N/A. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $381939 | $1M | — | — |
| Enterprise Value | $375388 | $1M | — | — |
| P/E Ratio → | 0.23 | 0.66 | — | — |
| P/S Ratio | — | — | — | — |
| P/B Ratio | — | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | — | — | — | — |
| Operating Margin | — | — | — | — |
| Net Profit Margin | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | — | — | — | — |
| ROA | 3.5% | 3.5% | 2.6% | -41.4% |
| ROIC | — | — | — | — |
| ROCE | — | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | — | — | — | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | — | — | — | — |
Net cash position: cash ($6551) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.24 | 0.28 |
| Quick Ratio | 0.02 | 0.02 | 0.24 | 0.28 |
| Cash Ratio | 0.00 | 0.00 | 0.11 | 0.27 |
| Asset Turnover | — | — | — | — |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 100.0% | 100.0% | — | — |
| Payout Ratio | — | — | 197.7% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 100.0% | 150.5% | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 100.0% | 100.0% | — | — |
| Shares Outstanding | — | $6M | $4M | $2M |
Imminent Going Concern Risk
According to recent financial data, FSHPR's P/E ratio of 0.24 appears fundamentally disconnected from its lack of operational revenue, suggesting that the market is pricing the entity as a distressed shell rather than a viable vehicle for future business combinations or long-term capital appreciation.
The current valuation multiple is essentially meaningless given the absence of core earnings and the company's status as a pre-operational entity. Investors should interpret this low multiple as a reflection of extreme market skepticism regarding the company's ability to finalize a merger before its remaining cash reserves are fully exhausted.
As reported in quarterly filings, the company's current ratio has plummeted to 0.01, indicating that FSHPR lacks the necessary liquid assets to cover its immediate administrative obligations, which warrants significant concern regarding its ability to maintain its public listing status in the near term.
The rapid decline in the quick ratio to 0.01 confirms that the company is operating with virtually no margin for error. This liquidity profile suggests that any unexpected regulatory or legal expense could trigger a terminal event for the shell, as there is no evidence of accessible credit facilities to bridge the funding gap.
Based on the provided financial statements, the company's inability to generate revenue since its 2018 incorporation suggests a complete lack of operational efficiency, as the entity continues to consume its limited cash reserves solely to maintain its dormant public listing status.
The absence of any meaningful asset turnover or working capital cycle metrics highlights that the company is not functioning as a business, but rather as a decaying corporate structure. This stagnation implies that the entity is failing to convert its public status into any tangible value for shareholders.
As indicated by the financial data, the P/E ratio is the most commonly misapplied metric for FSHPR, as it obscures the reality that the company has no operational earnings and is instead burning through its remaining cash to cover fixed administrative costs.
Analysts should avoid using earnings-based multiples entirely, as they provide a false sense of valuation for a company with zero revenue. Instead, the focus should remain on the 'cash burn rate' relative to the remaining trust account balance, which serves as the only relevant indicator of the company's remaining time as a going concern.
Includes 30+ ratios · 3 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FSHPR stock.
Flag Ship Acquisition Corporation's current P/E ratio is 0.2x. The historical average is 0.7x.
Based on historical data, Flag Ship Acquisition Corporation is trading at a P/E of 0.2x. Compare with industry peers and growth rates for a complete picture.
Flag Ship Acquisition Corporation's current dividend yield is 100.00%.