Flag Ship Acquisition Corporation (FSHP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

—

Levered DCF

—

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.22

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	32.58×	101.6×	-338.64×	-197.43×	-244.25×	-12,487.5×	0×
P/B	1.98×	1.31×	-74.74×	-95.88×	-269.73×	-4,661.36×	0×
P/S	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-92.27×	-101.93×	-344.05×	-199.65×	-245.74×	-12,312.82×	0×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	0.02×	0.24×	0.28×	0.43×	0.35×	0.14×	0×
Debt / equity	0.05×	0.01×	-1.53×	-1.96×	-2.71×	-1.16×	-1×
Interest coverage	0×	0×	0×	0×	0×	0×	0×
Dividend yield	4.2%	2.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	136.0%	197.7%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.1%	1.3%	22.0%	48.6%	110.5%	37.9%	0.0%
Return on invested capital	-2.0%	-1.3%	-41.4%	-50.5%	-64.6%	-234.8%	0.0%
Return on assets	5.5%	1.3%	-41.4%	-49.4%	-64.6%	-234.6%	0.0%
Free cash flow yield	-0.8%	-1.0%	-0.3%	-0.5%	-0.5%	-0.0%	0.0%
Earnings yield	3.1%	1.0%	-0.3%	-0.5%	-0.4%	-0.0%	0.0%
Enterprise value	$60.8M	$90.6M	$21.5M	$21.4M	$21.3M	$78M	$10.4K
Net debt / EBITDA	-2.19×	-0.68×	-5.09×	-2.34×	-1.72×	-2.64×	0×
Cash conversion cycle (days)	0	0	0	0	0	0	0