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SIMASIM Acquisition Corp. I
$10.89$334M
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  4. Financial Ratios

SIM Acquisition Corp. I (SIMA) Financial Ratios

Latest Ratios: P/E Ratio 37.6x · EV/EBITDA N/A · ROE 3.8%. (2024–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SIMA Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024
Market Cap$334M$244M$308M
Enterprise Value$334M$244M$307M
P/E Ratio →37.5536.5266.93
P/S Ratio———
P/B Ratio1.071.041.37
P/FCF———
P/OCF———

P/E links to full P/E history page with 30-year chart

SIMA EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024
EV / Revenue———
EV / EBITDA——64.71
EV / EBIT——64.71
EV / FCF———

SIMA Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024
Gross Margin———
Operating Margin———
Net Profit Margin———

Return on Capital

MetricTTMFY 2025FY 2024
ROE3.8%3.8%2.1%
ROA3.6%3.6%2.0%
ROIC-0.3%-0.3%—
ROCE-0.4%-0.4%-0.2%

SIMA Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024
Debt / Equity———
Debt / EBITDA———
Net Debt / Equity—-0.00-0.00
Net Debt / EBITDA——-0.15
Debt / FCF———
Interest Coverage———

Net cash position: cash ($65427) exceeds total debt ($0)

SIMA Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024
Current Ratio0.890.8925.28
Quick Ratio0.890.8925.28
Cash Ratio0.210.2121.38
Asset Turnover———
Inventory Turnover———
Days Sales Outstanding———

SIMA Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024
Dividend Yield———
Payout Ratio———

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024
Earnings Yield2.7%2.7%1.5%
FCF Yield———
Buyback Yield0.0%0.0%0.0%
Total Shareholder Yield0.0%0.0%0.0%
Shares Outstanding—$23M$31M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidation and insolvency risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Speculative Valuation Lacks Fundamental Support

According to reported financial data, SIMA trades at a P/E of 37.55, a metric that appears disconnected from the company's lack of operational revenue and its status as a shell entity, suggesting that market pricing is driven by speculative interest rather than underlying earnings power or asset value.

The current P/E multiple is likely distorted by non-operating accounting adjustments, such as warrant liability revaluations, which provide no insight into the company's actual value. Investors should monitor the P/B ratio of 1.07, which indicates the stock is trading near its book value, reflecting the market's view of the entity as a pure cash-reallocation vehicle.

Capital Compounding Remains Fundamentally Absent

As reported in financial statements, SIMA's ROIC has trended into negative territory, reaching -0.0% in 2026Q1, which confirms that the company is failing to generate any return on its invested capital while it remains in a dormant, pre-combination state without any operational business segments to drive growth.

The decay in returns on invested capital reflects the persistent erosion of the capital base through administrative and legal expenses. This trend suggests that the vehicle is currently destroying shareholder value rather than compounding it, as the costs of maintaining the corporate shell continue to outpace any potential interest income.

Liquidity Deterioration Threatens Operational Runway

Based on recent SEC filings, SIMA's current ratio has plummeted to 0.79 as of 2026Q1, signaling that the company's short-term liabilities now exceed its liquid assets, a precarious position that warrants further investigation into the sponsor's ability to fund ongoing compliance and search-related expenses without additional capital injections.

The rapid decline from a current ratio of 112.15 in 2024Q3 to current sub-unity levels highlights a severe tightening of liquidity. This trend suggests that the company may soon face difficulty meeting its basic administrative obligations, potentially forcing a premature liquidation if the sponsor cannot secure additional bridge financing.

Misapplication of Traditional Earnings Metrics

As indicated by the provided financial data, the P/E ratio is the most commonly misapplied metric for SIMA, as it obscures the reality that the company generates no operational revenue and that reported net income is merely a byproduct of non-cash accounting adjustments related to warrant liabilities.

Analysts should instead focus on the cash-in-trust per share and the remaining runway provided by working capital, as these metrics better reflect the company's true economic viability. Relying on earnings-based multiples in a pre-revenue shell company context leads to a fundamental misunderstanding of the entity's risk profile and its lack of operational substance.

Download Financial Ratios Data

Includes 30+ ratios · 2 years · Updated daily

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SIMA — Frequently Asked Questions

Quick answers to the most common questions about buying SIMA stock.

What is SIM Acquisition Corp. I's P/E ratio?

SIM Acquisition Corp. I's current P/E ratio is 37.6x. The historical average is 51.7x. This places it at the 50th percentile of its historical range.

What is SIM Acquisition Corp. I's ROE?

SIM Acquisition Corp. I's return on equity (ROE) is 3.8%. The historical average is 3.0%.

Is SIMA stock overvalued?

Based on historical data, SIM Acquisition Corp. I is trading at a P/E of 37.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.