Flag Ship Acquisition Corp. Unit (FSHPU) 10-Year Financial Performance & Capital Metrics

FSHPU • • Banking & Credit

Financial ServicesSPACs & Shell CompaniesGeneral Purpose SPACsMulti-Sector General SPACs

AboutFlag Ship Acquisition Corporation operates as a blank check company that focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2018 and is based in New York, New York. Flag Ship Acquisition Corporation operates as a subsidiary of Whale Management Corporation.Show more

Net Interest Income $0
Total Revenue $0
Net Income $910K +1558.1%
Return on Equity 2.67%
Net Interest Margin 0%
Efficiency Ratio -
ROA 2.56% +107.5%
Equity / Assets 96.57% +151.4%
Book Value per Share 12.44 +6694.9%
Tangible BV/Share 12.44 +6694.9%
Debt/Equity 0.01

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Well capitalized: 96.6% equity/assets
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.7%
✗Weak Piotroski F-Score: 3/9
✗Shares diluted 100.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM404.54%

EPS CAGR

10Y-

5Y-

3Y-

TTM20642.86%

ROCE

10Y Avg-104.36%

5Y Avg-104.36%

3Y Avg-24.91%

Latest-2.54%

Peer Comparison

Multi-Sector General SPACs

Name	Market Cap	Current Price	P/E Ratio	ROE	FCF Yield	Debt/Equity
JACSJackson Acquisition Company II	249.6M	10.47	811.63	22.39%		0.00
MLACMountain Lake Acquisition Corp.	248.05M	10.42	728.67	0.4%
ALDFAldel Financial II Inc.	249.28M	10.52	166.64	0%	0%
BEAGBold Eagle Acquisition Corp.	279.11M	10.67	158.54	1.63%		0.00
MBAVM3-Brigade Acquisition V Corp. Class A Ordinary shares	305.61M	10.63	70.87	1.86%
ANSCAgriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares	369.06M	11.21	59	2.46%	0%	0.00
POLEAndretti Acquisition Corp. II	250.67M	10.55	58.61	1.35%
FTWEQV Ventures Acquisition Corp.	377.93M	10.55	45.87	1.99%

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	5	0	0	0	0
NII Growth %	-	-	-1%	-	-	-
Net Interest Margin %	-	-	-	-	-	-
Interest Income	0	5	0	0	0	0
Interest Expense	0	0	0	0	0	0
Loan Loss Provision	0	0	0	0	0	0
Non-Interest Income+	0	-5	0	0	0	0
Non-Interest Income %	-	-	-	-	-	-
Total Revenue+	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-
Non-Interest Expense	3.4K	6.34K	86.68K	107.19K	62.4K	889.3K
Efficiency Ratio	-	-	-	-	-	-
Operating Income+	-3	-6.34K	-86.68K	-107.19K	-62.4K	-889.3K
Operating Margin %	-	-	-	-	-	-
Operating Income Growth %	-	-1864.59%	-12.67%	-0.24%	0.42%	-13.25%
Pretax Income+	-3	-6.34K	-87	-107	-62.4K	909.84K
Pretax Margin %	-	-	-	-	-	-
Income Tax+	0	0	0	0	-62.34K	0
Effective Tax Rate %	-	-	-	-	-	-
Net Income+	-3.4K	-6.34K	-87	-107.19K	-62.4K	909.84K
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	-0.86%	0.99%	-1235.68%	0.42%	15.58%
Net Income (Continuing)	-3	-6.34K	-87	-107	-62	909.84K
EPS (Diluted)+	0.00	0.00	-0.06	-0.07	-0.04	0.17
EPS Growth %	-	-	-	-0.24%	0.42%	5.09%
EPS (Basic)	0.00	0.00	-0.06	-0.07	-0.04	0.17
Diluted Shares Outstanding	0	0	1.5M	1.5M	1.5M	5.51M

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	0	2.7K	63.45K	182.41K	116.21K	76.75K
Cash & Due from Banks	0	2.7K	63.45K	182.41K	116.21K	76.75K
Short Term Investments	0	0	0	0	0	0
Total Investments+	0	0	0	0	0	70.8M
Investments Growth %	-	-	-	-	-	-
Long-Term Investments	0	0	0	0	0	70.8M
Accounts Receivables	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0
Other Assets	0	0	60K	30K	30K	0
Total Current Assets	0	2.7K	74.22K	186.88K	120.55K	172.48K
Total Non-Current Assets	0	0	60K	30K	30K	70.8M
Total Assets+	0	2.7K	134.22K	216.88K	150.55K	70.97M
Asset Growth %	-	-	48.67%	0.62%	-0.31%	470.42%
Return on Assets (ROA)	-	-2.35%	-0%	-0.61%	-0.34%	0.03%
Accounts Payable	0	0	0	0	0	0
Total Debt+	10.4K	19.44K	212.63K	432.97K	433.55K	677.85K
Net Debt	10.4K	16.74K	149.18K	250.57K	317.34K	601.1K
Long-Term Debt	0	0	0	0	0	0
Short-Term Debt	10.4K	19.44K	212.63K	432.97K	433.55K	677.85K
Other Liabilities	0	0	0	0	0	1.73M
Total Current Liabilities	10.4K	19.44K	212.63K	437.49K	433.55K	712.22K
Total Non-Current Liabilities	0	0	0	0	0	1.73M
Total Liabilities	10.4K	19.44K	212.63K	437.49K	433.55K	2.44M
Total Equity+	-10.4K	-16.74K	-78.42K	-220.61K	-283.01K	68.53M
Equity Growth %	-	-0.61%	-3.68%	-1.81%	-0.28%	243.17%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-
Return on Equity (ROE)	-	-	-	-	-	0.03%
Book Value per Share	-	-	-0.05	-0.15	-0.19	12.44
Tangible BV per Share	-	-	-	-	-	-
Common Stock	0	0	1.73K	1.73K	1.73K	70.8M
Additional Paid-in Capital	0	0	23.27K	23.27K	23.27K	0
Retained Earnings	-10.4K	-16.74K	-103.42K	-245.61K	-308.01K	-2.27M
Accumulated OCI	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.4K	-6.34K	-97.44K	-96.39K	-66.78K	-876.33K
Operating CF Growth %	-	-0.86%	-14.37%	0.01%	0.31%	-12.12%
Net Income	-3.4K	-6.34K	-86.68K	-107.19K	-62.4K	909.84K
Depreciation & Amortization	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0
Other Non-Cash Items	0	0	0	0	0	-1.8M
Working Capital Changes	0	0	-10.77K	10.81K	-4.38K	12.97K
Cash from Investing+	0	0	0	0	0	-69M
Purchase of Investments	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0
Other Investing	0	0	0	0	0	-69M
Cash from Financing+	3.4K	9.04K	158.19K	215.34K	580	69.84M
Dividends Paid	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0
Stock Issued	0	0	25K	0	0	69.63M
Net Stock Activity	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	-433.55K
Other Financing	3.4K	9.04K	133.19K	215.34K	580	637.85K
Net Change in Cash+	0	2.7K	60.75K	118.95K	-66.2K	-39.46K
Exchange Rate Effect	0	0	0	0	0	0
Cash at Beginning	0	0	2.7K	63.45K	182.41K	116.21K
Cash at End	0	2.7K	63.45K	182.41K	116.21K	76.75K
Interest Paid	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0
Free Cash Flow+	-3.4K	-6.34K	-97.44K	-96.39K	-66.78K	-876.33K
FCF Growth %	-	-0.86%	-14.37%	0.01%	0.31%	-12.12%

Banking Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	2.67%
Return on Assets (ROA)	-	-234.57%	-0.13%	-61.06%	-33.97%	2.56%
Net Interest Margin	-	0.19%	0%	0%	0%	0%
Equity / Assets	-	-619.47%	-58.42%	-101.72%	-187.98%	96.57%
Book Value / Share	-	-	-0.05	-0.15	-0.19	12.44
NII Growth	-	-	-100%	-	-	-

Frequently Asked Questions

Valuation & Price

Flag Ship Acquisition Corp. Unit (FSHPU) has a price-to-earnings (P/E) ratio of 64.8x. This suggests investors expect higher future growth.

Growth & Financials

Flag Ship Acquisition Corp. Unit (FSHPU) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, Flag Ship Acquisition Corp. Unit (FSHPU) is profitable, generating $2.1M in net income for fiscal year 2024.

Dividend & Returns

Flag Ship Acquisition Corp. Unit (FSHPU) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.

Industry Metrics

Flag Ship Acquisition Corp. Unit (FSHPU) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Flag Ship Acquisition Corp. Unit (FSHPU) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.

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