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Everest Consolidator Acquisition Corp (MNTN)
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Upturn Advisory Summary
12/02/2024: MNTN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 17.88% | Avg. Invested days 134 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance 4.0 | Stock Returns Performance 2.0 |
Profits based on simulation | Last Close 12/02/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 83.39M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 8906 | Beta 0.01 | 52 Weeks Range 10.82 - 12.18 | Updated Date 12/1/2024 |
52 Weeks Range 10.82 - 12.18 | Updated Date 12/1/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.31 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -4.01% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 88104597 | Price to Sales(TTM) - |
Enterprise Value 88104597 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -21.56 | Shares Outstanding 2845750 | Shares Floating 6133449 |
Shares Outstanding 2845750 | Shares Floating 6133449 | ||
Percent Insiders - | Percent Institutions 89.18 |
AI Summary
Everest Consolidator Acquisition Corp: A Comprehensive Overview
Company Profile
Detailed history and background:
Everest Consolidator Acquisition Corp (EAC) is a blank check company formed in 2021 for the purpose of merging with or acquiring one or more businesses. It completed its initial public offering (IPO) in June 2021, raising $230 million.
EAC is led by a team of experienced professionals with backgrounds in law, finance, and technology. The team is chaired by David Fialkow, the founder and CEO of Knowledge Universe, and the CEO is Thomas Daniel.
Core business areas:
Everest Consolidator Acquisition Corp is focused on identifying and acquiring businesses in the financial technology (fintech) sector, specifically targeting companies with significant growth potential and strong management teams. They aim to build a portfolio of complementary companies that can leverage each other's expertise and market share.
Leadership team and corporate structure:
- David Fialkow, Chairman: Founder and CEO of Knowledge Universe, a global education technology company.
- Thomas Daniel, CEO: Over 20 years of experience in the fintech industry, including leadership roles at FIS, Worldpay, and Metavante.
- Michael Dubno, CFO: Over 20 years of experience in public company accounting and finance, including at JP Morgan and Morgan Stanley.
The company operates with a board of directors and management team providing strategic oversight and operational leadership.
Top Products and Market Share:
As a SPAC, Everest Consolidator Acquisition Corp does not yet have any products or operations of its own. However, the company has stated that it plans to focus on acquiring businesses in the following areas:
- Payments: Mobile payments, e-commerce payments, and cross-border payments.
- Lending: Consumer lending, small business lending, and mortgage lending.
- Wealth Management: Robo-advisors, online brokerage platforms, and retirement planning tools.
The market share of these areas within the overall fintech industry is substantial and continues to grow rapidly. According to Statista, the global fintech market was valued at approximately $127 billion in 2020 and is expected to reach $324 billion by 2026.
Total Addressable Market:
The total addressable market for the fintech industry is vast and growing at an exponential rate. According to a 2020 report by PwC, the global fintech market is expected to reach $12.2 trillion by 2025, with the US accounting for a significant share.
Financial Performance:
As a newly formed company with no current operations, Everest Consolidator Acquisition Corp does not yet have any financial performance data to analyze.
Dividends and Shareholder Returns:
Everest Consolidator Acquisition Corp is still in the pre-acquisition stage and does not pay any dividends to shareholders.
Growth Trajectory:
The growth potential for Everest Consolidator Acquisition Corp is significant, considering the vast market opportunities in the fintech space. Their strategy of acquiring companies with high growth potential and synergies with each other could lead to rapid expansion and increased shareholder value.
Market Dynamics:
The fintech industry is highly dynamic and characterized by rapid technological advancements, changing regulations, and evolving consumer needs. The industry is currently undergoing consolidation as companies look to achieve scale and offer a broader range of products and services.
EAC's strategy of focusing on specific segments within the fintech market positions them to capitalize on emerging trends and address the growing demand for innovative financial solutions.
Competitors:
Some key competitors in the fintech space include:
- Fidelity Investments (FIS)
- Mastercard (MA)
- Visa (V)
- Square (SQ)
- PayPal (PYPL)
Market share percentages are difficult to estimate precisely, as they vary across different segments of the fintech industry. However, the companies listed above are all significant players with strong market positions.
Potential Challenges and Opportunities:
Key Challenges:
- Identifying and acquiring suitable target businesses
- Successfully integrating acquired businesses
- Adapting to rapid changes in the fintech industry
- Managing competitive pressures
Potential Opportunities:
- Leveraging technological advancements to develop innovative products and services
- Expanding into new markets with high growth potential
- Forming strategic partnerships with established financial institutions
- Capitalizing on regulatory changes that favor innovation in the financial services industry
Recent Acquisitions (last 3 years):
As a newly formed company, Everest Consolidator Acquisition Corp has not completed any acquisitions to date.
About NVIDIA Corporation
Exchange NYSE | Headquaters Newport Beach, CA, United States | ||
IPO Launch date 2022-01-14 | Chairman, President, CEO, Treasurer & Secretary Mr. Adam Dooley | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://belayoneverest.com |
Full time employees - | Website https://belayoneverest.com |
Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector. The company was incorporated in 2021 and is based in Newport Beach, California.
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