Latest Ratios: P/E Ratio 33.5x · EV/EBITDA N/A · ROE 3.7%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $98M | $59M | $90M | — | — | — | — |
| Enterprise Value | $99M | $61M | $91M | — | — | — | — |
| P/E Ratio → | 33.52 | 32.58 | 101.60 | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — |
| P/B Ratio | 2.04 | 1.98 | 1.31 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 3.7% | 2.7% | — | — | — | — |
| ROA | 3.5% | 3.5% | 2.6% | -34.0% | -61.1% | -126.6% | -234.6% |
| ROIC | -1.0% | -1.0% | -1.9% | -25.8% | -46.4% | -95.0% | — |
| 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 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.05 | 0.01 | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 4.2% | 2.0% | — | — | — | — |
| Payout Ratio | — | — | 197.7% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.1% | 1.0% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 41.3% | 68.1% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 45.3% | 72.3% | 2.0% | — | — | — | — |
| Shares Outstanding | — | $6M | $9M | $2M | $2M | $2M | $8M |
Imminent insolvency and delisting
According to current market data, FSHP trades at a P/E of 33.52, a valuation that appears disconnected from the company's lack of revenue and its nominal cash reserves of $6,551, suggesting investors are pricing the shell as a lottery ticket rather than a fundamental business.
The P/E multiple is essentially meaningless given the absence of core operational earnings, likely reflecting non-operating accounting adjustments rather than sustainable profitability. Investors should interpret this valuation as a premium on the regulatory 'wrapper' rather than an assessment of the company's underlying assets or future growth potential.
Based on the most recent quarterly filings, the company's current ratio has plummeted to 0.01, indicating that the entity lacks the necessary liquid assets to cover its immediate administrative liabilities, which warrants extreme caution regarding the firm's ability to maintain its public listing status.
The collapse of the quick ratio to 0.01 confirms that the company is effectively insolvent on a cash-flow basis, with no buffer to absorb even minor regulatory or legal expenses. This liquidity profile suggests that the company is entirely dependent on external capital injections or a rapid merger to avoid a total loss of value.
As reported in historical financial statements, the company's ROIC has remained consistently negative, reaching -0.3% in 2026Q1, which highlights the persistent destruction of shareholder capital as the entity consumes its limited resources to fund ongoing compliance costs without generating any offsetting operational returns.
The negative return on capital is a direct consequence of the company's status as a non-operational shell that incurs fixed costs without any revenue stream. This trend suggests that the longer the company remains in its current state, the more it erodes the value of the initial capital invested by shareholders.
Investors frequently misapply the Price-to-Book ratio to FSHP, as the reported book value of $33.4M likely obscures the lack of realizable assets, making the 2.04 P/B multiple a misleading indicator of the company's true worth in a liquidation scenario.
The P/B ratio is fundamentally flawed for this business model because it treats the shell's 'clean' status as a tangible asset, whereas the reality is that the company has almost no cash or physical property. A more appropriate metric would be a 'burn-adjusted' cash runway analysis, which would reveal the company's proximity to insolvency rather than its theoretical book value.
Includes 30+ ratios · 6 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FSHP stock.
Flag Ship Acquisition Corporation's current P/E ratio is 33.5x. The historical average is 67.1x. This places it at the 50th percentile of its historical range.
Flag Ship Acquisition Corporation's return on equity (ROE) is 3.7%. The historical average is 3.2%.
Based on historical data, Flag Ship Acquisition Corporation is trading at a P/E of 33.5x. 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 Corporation's current dividend yield is 4.07%.