Finnovate Acquisition Corp
OTC:FNVTF

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Finnovate Acquisition Corp Logo
Finnovate Acquisition Corp
OTC:FNVTF
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Price: 15.01 USD 31.57% Market Closed
Market Cap: $121.3m

P/E

682.4
Current
No historical data
Comparison unavailable

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
682.4
=
Market Cap
$121.3m
/
Net Income
$177.7k

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
682.4
=
Market Cap
$121.3m
/
Net Income
$177.7k

Valuation Scenarios

Finnovate Acquisition Corp is trading above its 3-year average

If P/E returns to its 3-Year Average (682.4), the stock would be worth $15.01 (0% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-96%
Maximum Upside
No Upside Scenarios
Average Downside
48%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 682.4 $15.01
0%
3-Year Average 682.4 $15.01
0%
5-Year Average 682.4 $15.01
0%
Industry Average 33.3 $0.73
-95%
Country Average 24.4 $0.54
-96%

Forward P/E
Today’s price vs future net income

Not enough data available to calculate forward P/E

Peer Comparison

All Countries
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Market Distribution

Higher than 97% of companies in Cayman Islands
Percentile
97th
Based on 54 companies
97th percentile
682.4
Low
1.4 — 16
Typical Range
16 — 36.7
High
36.7 —
Distribution Statistics
Cayman Islands
Min 1.4
30th Percentile 16
Median 24.4
70th Percentile 36.7
Max 1 511.4

Finnovate Acquisition Corp
Glance View

Market Cap
121.3m USD
Industry
N/A

Finnovate Acquisition Corp. operates as a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The company is headquartered in George Town, Grand Cayman and currently employs 2 full-time employees. The company went IPO on 2021-11-04. The firm is formed for the purpose of acquiring one and more businesses and assets, through a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The firm is not limited to a particular industry or sector for purposes of consummating a business combination. The firm has not commenced any operations and has not generated any revenue.

FNVTF Intrinsic Value
3.04 USD
Overvaluation 80%
Intrinsic Value
Price $15.01
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