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LatAmGrowth SPAC (LATG)LATG

Upturn stock ratingUpturn stock rating
LatAmGrowth SPAC
$11.5
Delayed price
Profit since last BUY14.2%
Consider higher Upturn Star rating
upturn advisory
BUY since 508 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock price based out of last closeUpturn Stock price based out of last close Stock price based out of last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

09/17/2024: LATG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Upturns

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Profit: 14.2%
Upturn Advisory Performance Upturn Advisory Performance5
Avg. Invested days: 508
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 2
Last Close 09/17/2024
Type: Stock
Today’s Advisory: Consider higher Upturn Star rating
Profit: 14.2%
Avg. Invested days: 508
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 2
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2024
Upturn Advisory Performance Upturn Advisory Performance5

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 82.71M USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -0.27
Volume (30-day avg) 13324
Beta -0.01
52 Weeks Range 10.76 - 11.76
Updated Date 09/18/2024
Company Size Small-Cap Stock
Market Capitalization 82.71M USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -0.27
Volume (30-day avg) 13324
Beta -0.01
52 Weeks Range 10.76 - 11.76
Updated Date 09/18/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -2.97%
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value 83834207
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -56.3
Shares Outstanding 5000000
Shares Floating 3581840
Percent Insiders 21.16
Percent Institutions 73.49
Trailing PE -
Forward PE -
Enterprise Value 83834207
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -56.3
Shares Outstanding 5000000
Shares Floating 3581840
Percent Insiders 21.16
Percent Institutions 73.49

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -

AI Summarization

LatAmGrowth SPAC: Comprehensive Stock Overview

Disclaimer: This document is provided for informational purposes only and should not be considered financial advice. Investing in SPACs involves significant risks, and you should consult with a qualified financial advisor before making any investment decisions.

Company Profile:

History and Background:

  • Established in March 2021 as a blank-check company focused on identifying opportunities in Latin America's fast-growing technology sector
  • Completed initial public offering (IPO) in March 2021 at $10/share, raising $75 million

Core Business Areas:

  • Targeting high-growth technology companies operating in areas such as e-commerce, fintech, education, and healthcare
  • Seeks companies with proven product-market fit, scalable business models, and strong management teams, leveraging expertise of sponsor group which has strong track record in Latin American investments

Leadership Team and Corporate Structure:

  • CEO and Director - Eduardo Vives - Extensive experience in private equity and venture capital investing in LATAM
  • CFO & COO - Gabriel Gonzalez, - Significant finance, operational, and public markets experience
  • Director - Jose Lopez - Former Chairman and CEO Banco Inter
  • Experienced board of directors with diverse backgrounds including venture capital, technology, law, and finance
  • Management has access to proprietary network and industry knowledge through sponsor relationships

Top Products and Offerings:

  • As a Special Purpose Acquisition Company (SPAC), LatAmGrowth does not have its own products or services
  • Currently seeking a target acquisition and has no operational activities
  • Evaluating high-growth tech firms in Latin America across sectors for potential merger

Market Share:

  • Not applicable for LatAmGrowth
  • Focus will shift to market share of target company after de-SPACing

Total Addressable Market:

  • LatAm technology market represents a significant growth opportunity (~ 625 million internet users with increasing digital penetration)
  • Estimated tech market to reach $700 billion by 2025 (Statista)

Financial Performance:

  • As a pre-acquisition vehicle, LatAmGrowth's financials largely reflect cash on hand and administrative expenses
  • Net income in past year of $344k due to interest income
  • No revenue, profit margins, or EPS yet as no operational activity
  • Focus on target company financial performance after merger, considering factors like revenue growth, profitability potential, cash flow, and potential synergies

Dividends and Shareholder Returns:

  • No history of dividends as no operations currently
  • Shareholder return will be influenced by post-merger performance of targeted company

Growth Trajectory and Historical Information:

  • Limited historical financial data due to recent formation in 2021
  • Future performance dependent on chosen acquisition's potential to deliver long-term shareholder value through topline growth, margin expansion, and strategic opportunities in LatAm's emerging tech space

Market Dynamics:

  • LatAm tech sector experiencing substantial growth powered by rising mobile penetration (78%), favorable demographics (60% below age 35), and increasing online adoption in retail, banking, and other key sectors
  • High growth but competitive market requiring careful strategic maneuvering to gain share against large global players, regional competitors (e.g., Mercadolibre & Nubank), and new entrants

Competitors:

  • Other blank-check companies focusing on LATAM (LSE:LATN & NYSEMKT:LAA.U)
  • Target company competitors vary depending on chosen sector

Potential Challenges and Opportunities:

Major Challenges:

  • Finding an attractive acquisition with right valuation in competitive tech landscape
  • Ensuring post-merger integration success and unlocking synergistic value
  • Coping with volatile LATAM and larger global economy

Opportunities Ahead:

  • Capitalized on rapid LATAM tech growth in underpenetrated sectors
  • Implementing effective expansion strategies through partnerships and M&A
  • Leveraging unique LatAm expertise of management for informed investments

Recent Acquisitions: Given their recent inception (March 2021), LatAmGrowth SPAC hasn't yet completed any acquisitions

AI-Based Fundamental Rating: While a numerical value is not provided at this time, several AI systems analyze SPAC opportunities with quantitative and fundamental assessments. These consider factors as above (management experience, target market viability, potential acquisition fit etc.) to generate outlook, risk analysis, and potential return predictions.

Data Sources:

*Disclaimer: This summary was produced using a combination of publicly available information and AI insights. Always seek professional financial advice when considering potential investments.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About LatAmGrowth SPAC

Exchange NASDAQ Headquaters -
IPO Launch date 2022-03-18 CEO -
Sector Financial Services Website https://chengheinv.com/chenghe-acquisition-i-co
Industry Shell Companies Full time employees -
Headquaters -
CEO -
Website https://chengheinv.com/chenghe-acquisition-i-co
Website https://chengheinv.com/chenghe-acquisition-i-co
Full time employees -

Chenghe Acquisition I Co. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific. The company was formerly known as LatAmGrowth SPAC and changed its name to Chenghe Acquisition I Co. in November 2023. Chenghe Acquisition I Co. was incorporated in 2021 and is based in Singapore.

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