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Feutune Light Acquisition Corporation (FLFV)
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Upturn Advisory Summary
06/25/2024: FLFV (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -0.5% | Avg. Invested days 120 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/25/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 14.36M USD | Price to earnings Ratio 10.24 | 1Y Target Price - |
Price to earnings Ratio 10.24 | 1Y Target Price - | ||
Volume (30-day avg) 129289 | Beta - | 52 Weeks Range 1.51 - 12.12 | Updated Date 07/20/2024 |
52 Weeks Range 1.51 - 12.12 | Updated Date 07/20/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.25 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1.27% | Return on Equity (TTM) - |
Valuation
Trailing PE 10.24 | Forward PE - | Enterprise Value 17081870 | Price to Sales(TTM) - |
Enterprise Value 17081870 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -71.89 | Shares Outstanding 3163670 | Shares Floating 1264249 |
Shares Outstanding 3163670 | Shares Floating 1264249 | ||
Percent Insiders 0.93 | Percent Institutions 3.84 |
AI Summary
Feutune Light Acquisition Corporation: A Comprehensive Overview
Company Profile:
History and Background:
Feutune Light Acquisition Corporation (NASDAQ: FLAC) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed in August 2021. The company is based in the Cayman Islands and has no operating history.
Core Business Areas:
Feutune Light is a shell company with no commercial operations of its own. Its sole purpose is to acquire a private company through a merger, share exchange, asset acquisition, or any other similar business combination. The company focuses on identifying and acquiring businesses in the technology, media, and telecommunications (TMT) sector with attractive long-term growth potential.
Leadership Team and Corporate Structure:
Leadership:
- Chairman & Chief Executive Officer: Weijun Chen
- Chief Financial Officer: Bo Zhang
- Director: Michael Xiao
- Director: John Wu
Board of Directors:
- Weijun Chen
- Bo Zhang
- Michael Xiao
- John Wu
- Haibo Chen
- Yifei Lu
- Xiaochuan Zhou
Top Products and Market Share:
Top Products and Offerings:
As a SPAC, Feutune Light has no products or services of its own. Its value is determined by its potential to acquire and operate a private company.
Market Share:
Since Feutune Light has no operations or products, it does not have a market share.
Competitors:
Other SPACs operating in the TMT sector include:
- Tuscan Holdings Corp II (NASDAQ: TSCO)
- dMY Technology Group, Inc. IV (NYSE:DMYQ)
- Social Capital Hedosophia Holdings VI (NYSE: IPOF)
Market Performance Comparison:
It is not possible to compare the company's performance against competitors as they have no operational history.
Total Addressable Market:
The TMT sector is a massive global market with a broad range of products and services. The global TMT market size was estimated at USD 5,451.3 billion in 2021 and is expected to grow at a CAGR of 8.3% from 2022 to 2028.
Financial Performance:
Financial statements:
Feutune Light has not yet generated any revenue or net income as it is not involved in any operational activities.
Cash flow and balance sheet:
As of June 30, 2023, the company had USD 225.0 million in cash and cash equivalents and no debt.
Dividends and Shareholder Returns:
Dividend History:
As a SPAC, Feutune Light does not have a history of paying dividends.
Shareholder Returns:
The company's stock has performed poorly since its IPO in November 2021, declining significantly.
Growth Trajectory:
Historical Growth:
Not applicable, as the company has no operational history.
Future Growth Projections:
The company's future growth potential will depend on its ability to identify and acquire a target company with strong growth prospects.
Recent Initiatives:
Feutune Light is actively seeking acquisition targets within the TMT sector.
Market Dynamics:
Industry Overview:
The TMT sector is highly dynamic with rapid technological advancements and evolving consumer preferences. The industry is characterized by intense competition and consolidation.
Competitive Position:
Feutune Light's competitive position will depend on the quality of its acquisition target and its ability to execute a successful integration.
Potential Challenges and Opportunities:
Challenges:
- Identifying a suitable acquisition target.
- Executing a successful acquisition and integration.
- Competing with other SPACs for attractive targets.
Opportunities:
- Access to growth capital through a public listing.
- Leverage the expertise of the management team to identify and acquire high-potential companies.
AI-Based Fundamental Rating:
Rating: 6/10
Justification:
Feutune Light has a limited track record, making it difficult to assess its long-term prospects. However, the company has a strong management team and a focus on the TMT sector, which offers significant growth potential. The company's success will ultimately depend on its ability to identify and acquire a suitable target.
Sources and Disclaimers:
Sources:
- Feutune Light Acquisition Corporation SEC Filings
- Yahoo Finance
- Statista
Disclaimer:
This overview is for informational purposes only and is not intended as a recommendation to invest in Feutune Light Acquisition Corporation.
About Feutune Light Acquisition Corporation
Exchange NASDAQ | Headquaters Metuchen, NJ, United States | ||
IPO Launch date 2022-08-08 | CEO & Director Mr. Xuedong Tian C.F.A. | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
As of June 21, 2024, Feutune Light Acquisition Corporation was acquired by Thunder Power Holdings Limited, in a reverse merger transaction. Feutune Light Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in Metuchen, New Jersey.
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