Latest Ratios: P/E Ratio 33.4x · EV/EBITDA N/A · ROE 3.7%. (2019–2025 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $109M | $60M | $57M | — | — | — | — | — |
| Enterprise Value | $110M | $61M | $58M | — | — | — | — | — |
| P/E Ratio → | 33.36 | 32.73 | 61.35 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.03 | 1.99 | 0.84 | — | — | — | — | — |
| 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | 63.80 | — | — | — | — | — |
| EV / EBIT | — | — | 63.80 | — | — | — | — | — |
| 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 3.7% | 2.7% | — | — | — | — | — |
| ROA | 3.5% | 3.5% | 2.6% | -34.0% | -61.1% | -0.1% | -234.6% | — |
| ROIC | -1.0% | -1.0% | -1.9% | -25.8% | -46.4% | -95.0% | -352.1% | — |
| ROCE | -1.3% | -1.3% | -2.5% | — | — | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | — | — | — | — | — |
| Debt / EBITDA | — | — | 0.75 | — | — | — | — | 3.06 |
| Net Debt / Equity | — | 0.05 | 0.01 | — | — | — | — | — |
| Net Debt / EBITDA | — | — | 0.66 | — | — | — | — | 3.06 |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.24 | 0.28 | 0.43 | 0.35 | 0.14 | — |
| Quick Ratio | 0.02 | 0.02 | 0.24 | 0.28 | 0.43 | 0.35 | 0.14 | — |
| Cash Ratio | 0.00 | 0.00 | 0.11 | 0.27 | 0.42 | 0.30 | 0.14 | — |
| 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 4.2% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.1% | 1.6% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 37.2% | 67.8% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 41.3% | 72.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $6M | $6M | $2M | $2M | $2M | $0 | $0 |
Imminent Liquidation Risk
According to recent market data, FSHPU trades at a P/E of 33.36 despite the absence of operational revenue, suggesting that investors are pricing in speculative shell value rather than any fundamental earnings power or tangible growth prospects inherent in the company's current financial position.
The elevated P/E ratio appears disconnected from the reality of a shell company that has failed to close a merger since 2018. This valuation likely reflects a mispricing of the entity's remaining option value, as the lack of forward earnings guidance makes traditional valuation multiples largely irrelevant for assessing the company's true worth.
As reported in financial statements, the company's ROIC has consistently trended in negative territory, reaching -0.3% in 2026Q1, which underscores a persistent inability to generate returns on invested capital while the entity remains trapped in a prolonged pre-merger state without any operational business activity.
The negative ROIC trend indicates that the capital allocated to the shell is being eroded by administrative overhead rather than being compounded through successful deal execution. Investors should monitor this decay as a primary indicator of the sponsor's inability to deploy capital effectively within the SPAC lifecycle.
Based on the most recent quarterly data, the current ratio has deteriorated to a critical 0.01, with cash reserves falling to a nominal $6,551, which suggests the company lacks the necessary liquidity to cover even basic administrative expenses without further, potentially dilutive, sponsor intervention.
This extreme liquidity constraint implies that the company is effectively a zombie entity, with insufficient resources to sustain its public listing or conduct meaningful due diligence. The near-zero current ratio warrants immediate investigation into whether the sponsor intends to provide further capital or initiate a formal liquidation process.
The P/B ratio of 2.03 is frequently misapplied to this business model, as it obscures the reality that the book value is likely comprised of illiquid assets rather than cash, failing to account for the high probability of total capital loss upon potential liquidation.
Analysts should prioritize 'Trust Value per Share' and 'Cash-to-Liability' ratios over traditional book value metrics when evaluating SPACs. Relying on P/B in this context ignores the binary risk profile where the underlying assets may be inaccessible or insufficient to cover the costs of a wind-down.
Includes 30+ ratios · 7 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 FSHPU stock.
Flag Ship Acquisition Corp. Unit's current P/E ratio is 33.4x. The historical average is 47.0x. This places it at the 50th percentile of its historical range.
Flag Ship Acquisition Corp. Unit's return on equity (ROE) is 3.7%. The historical average is 3.2%.
Based on historical data, Flag Ship Acquisition Corp. Unit is trading at a P/E of 33.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Flag Ship Acquisition Corp. Unit's current dividend yield is 4.09%.