Latest Ratios: P/E Ratio 35.8x · EV/EBITDA 11.5x · ROE 6.4%. (2022–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Market Cap | $23M | $91M | $73M | — |
| Enterprise Value | $24M | $93M | $73M | — |
| P/E Ratio → | 35.79 | 34.09 | 24.95 | — |
| P/S Ratio | — | — | — | — |
| P/B Ratio | 5.63 | 5.36 | 1.11 | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | 11.55 | 43.82 | 468222.19 | — |
| EV / EBIT | — | 43.82 | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Gross Margin | — | — | — | — |
| Operating Margin | — | — | — | — |
| Net Profit Margin | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ROE | 6.4% | 6.4% | 4.3% | -0.2% |
| ROA | 5.9% | 5.9% | 4.2% | -0.2% |
| ROIC | -1.9% | -1.9% | -0.6% | — |
| ROCE | -2.4% | -2.4% | -0.8% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.00 | — |
| Debt / EBITDA | 0.84 | 0.84 | 1806.45 | — |
| Net Debt / Equity | — | 0.10 | -0.00 | -0.01 |
| Net Debt / EBITDA | 0.84 | 0.84 | -21.17 | -5.71 |
| Debt / FCF | — | — | — | — |
| Interest Coverage | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Current Ratio | 0.00 | 0.00 | 0.72 | 19.67 |
| Quick Ratio | 0.00 | 0.00 | 0.72 | 19.67 |
| Cash Ratio | 0.00 | 0.00 | 0.68 | 16.11 |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Dividend Yield | 3.3% | — | — | — |
| Payout Ratio | 119.5% | 119.5% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.9% | 4.0% | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 100.0% | — | — | — |
| Total Shareholder Yield | 100.0% | — | — | — |
| Shares Outstanding | — | $8M | $7M | $2M |
Imminent liquidation and insolvency
As reported in recent financial filings, HSPO trades at a P/E of 35.79, a metric that appears largely disconnected from fundamental performance given the company's lack of operational revenue and its status as a pre-combination special purpose acquisition vehicle nearing its mandatory liquidation window.
The elevated P/E ratio is likely an artifact of non-operating interest income rather than a reflection of earnings growth potential. Investors should interpret this valuation with extreme caution, as the absence of forward-looking earnings estimates suggests the market is struggling to price the entity beyond its pro-rata trust value.
Based on the company's historical financial data, ROIC has trended into negative territory, reaching -0.3% in 2025Q3, which indicates that the capital deployed for administrative and deal-sourcing activities is failing to generate any meaningful economic return for shareholders.
The persistent decay in ROIC highlights the structural inefficiency of the SPAC model when a business combination is delayed. This trend suggests that the sponsor's capital allocation strategy has not yet succeeded in identifying a target capable of reversing the ongoing erosion of shareholder value.
According to the most recent quarterly reports, the current ratio has collapsed to 0.01, a figure that underscores the company's extreme vulnerability as it struggles to maintain basic operational liquidity with only $7,815 in reported cash and equivalents.
This liquidity profile suggests that the entity is effectively reliant on external sponsor support to cover even routine compliance costs. The lack of a sufficient cash buffer warrants significant concern regarding the company's ability to navigate the final stages of its charter without resorting to dilutive financing.
As indicated by the provided financial statements, the debt-to-equity ratio has climbed to 0.19 in 2025Q3, signaling an increasing reliance on debt financing to sustain operations as the total asset base continues to shrink toward the liquidation floor.
While the absolute debt levels remain low, the upward trend in leverage relative to a contracting asset base is a negative indicator of financial health. This shift suggests that the shell is increasingly dependent on promissory notes or sponsor loans to bridge the gap between its current state and a potential merger.
The most commonly misapplied ratio for HSPO is the Price-to-Earnings (P/E) multiple, which obscures the reality that the company is a non-operational shell where net income is driven by interest on trust assets rather than core business performance.
Investors should instead focus on the 'Trust Value per Share' and the 'Burn Rate' of sponsor capital to assess the true floor and risk profile of the investment. Relying on P/E ratios in this context is fundamentally flawed as it ignores the binary nature of the SPAC business model.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying HSPO stock.
Horizon Space Acquisition I Corp. Ordinary Shares's current P/E ratio is 35.8x. The historical average is 29.5x. This places it at the 100th percentile of its historical range.
Horizon Space Acquisition I Corp. Ordinary Shares's current EV/EBITDA is 11.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 43.8x.
Horizon Space Acquisition I Corp. Ordinary Shares's return on equity (ROE) is 6.4%. The historical average is 3.5%.
Based on historical data, Horizon Space Acquisition I Corp. Ordinary Shares is trading at a P/E of 35.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Horizon Space Acquisition I Corp. Ordinary Shares's current dividend yield is 3.33% with a payout ratio of 119.5%.
Horizon Space Acquisition I Corp. Ordinary Shares's Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.