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Portage Fintech Acquisition Corp (PFTA)
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Upturn Advisory Summary
12/06/2024: PFTA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 6.66% | Upturn Advisory Performance 4 | Avg. Invested days: 152 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 12/06/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 6.66% | Avg. Invested days: 152 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 12/06/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 87.16M USD |
Price to earnings Ratio 134.5 | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) 0.08 |
Volume (30-day avg) 4700 | Beta 0.02 |
52 Weeks Range 10.33 - 12.96 | Updated Date 12/12/2024 |
Company Size Small-Cap Stock | Market Capitalization 87.16M USD | Price to earnings Ratio 134.5 | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) 0.08 | Volume (30-day avg) 4700 | Beta 0.02 |
52 Weeks Range 10.33 - 12.96 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1.26% | Return on Equity (TTM) - |
Valuation
Trailing PE 134.5 | Forward PE - |
Enterprise Value 87975945 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -40.89 |
Shares Outstanding 7945340 | Shares Floating 507406 |
Percent Insiders - | Percent Institutions 20.32 |
Trailing PE 134.5 | Forward PE - | Enterprise Value 87975945 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -40.89 | Shares Outstanding 7945340 | Shares Floating 507406 |
Percent Insiders - | Percent Institutions 20.32 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Portage Fintech Acquisition Corp: A Comprehensive Overview
Company Profile
History and Background: Portage Fintech Acquisition Corp (PFAC) is a Special Purpose Acquisition Company (SPAC) incorporated in the Cayman Islands in July 2021. The company aims to identify and merge with a fintech company in the United States or Canada. PFAC is led by Chairman and CEO, Peter Thiel, and Co-CEOs, Michael Giles and Kevin Hartz.
Core Business Areas: PFAC focuses on acquiring a fintech company that operates in one or more of the following areas: digital payments, wealth management, lending, insurance, and blockchain technology.
Leadership Team and Corporate Structure: The leadership team consists of experienced investors and entrepreneurs with extensive experience in the technology and financial services industries. The company has a board of directors with a diverse range of expertise.
Top Products and Market Share
Top Products: As a SPAC, PFAC does not currently have any products or services. However, potential target companies may offer products in digital payments, wealth management, lending, insurance, or blockchain technology.
Market Share: PFAC's market share is not applicable as it is a SPAC.
Product Performance and Market Reception: The performance and market reception of any potential target company will be crucial factors in PFAC's success.
Total Addressable Market
Market Size: The global fintech market is expected to reach $305.7 billion by 2025, representing a compound annual growth rate (CAGR) of 23.4%. The US market is a significant contributor to this growth, with a projected market size of $127.67 billion by 2027.
Financial Performance
Financial Statements: As a SPAC, PFAC does not currently have revenue, net income, or earnings per share (EPS). The company's financial performance will depend on the target company it acquires.
Year-over-Year Comparison: Unavailable due to the lack of historical financial data.
Cash Flow and Balance Sheet: PFAC's cash flow and balance sheet will be primarily influenced by the target company it merges with.
Dividends and Shareholder Retu
Growth Trajectory
Historical Growth: Unavailable due to the company's recent formation.
Future Projections: PFAC's future growth will depend on the target company it acquires and the company's ability to integrate and grow the acquired business.
Recent Initiatives: PFAC is actively seeking a target company to merge with and has not yet announced any specific growth initiatives.
Market Dynamics
Industry Trends: The fintech industry is characterized by rapid innovation, increasing adoption of digital technologies, and growing demand for personalized financial services.
Competitive Landscape: PFAC faces competition from other SPACs and traditional companies in the fintech industry. The company'sgrowth will depend on its ability to identify and acquire a company with a strong competitive advantage.
Competitors
Key Competitors:
- FinTech Acquisition Corp. V (FTCV)
- FinTech Acquisition Corp. VI (FTCV)
- Social Capital Hedosophia Holdings Corp. V (IPOF)
- Gores Holdings VIII, Inc. (GHVIII)
- FTAC Olympus Acquisition Corp. (FTOC)
Market Share: PFAC's market share is not applicable as it is a SPAC.
Potential Challenges and Opportunities
Key Challenges:
- Competition from other SPACs and traditional companies in the fintech industry
- Identifying and acquiring a suitable target company
- Integrating the acquired business and achieving operational efficiencies
- Meeting investor expectations
Potential Opportunities:
- The rapidly growing fintech market
- The increasing adoption of digital technologies
- The growing demand for personalized financial services
Recent Acquisitions
No acquisitions made in the past 3 years
AI-Based Fundamental Rating
Rating: 7 out of 10
Justification: PFAC has a strong leadership team and a differentiated focus on the fintech industry. However, the company's lack of financial history and dependence on acquiring a suitable target company present significant risks. The company's future success will depend on its ability to execute its business plan and achieve operational efficiency.
Sources and Disclaimers
- Company website: https://www.portagefintech.com/
- SEC filings: https://www.sec.gov/edgar/search/
- Markets Insider: https://markets.businessinsider.com/stocks/pfac-stock
- Nasdaq: https://www.nasdaq.com/market-activity/stocks/pfac
Disclaimer: This information is for general knowledge purposes only and should not be considered as investment advice. It is essential to conduct thorough research and consult with financial professionals before making any investment decisions.
Note: This overview excludes information from November 2023 onwards due to the current date being 2023-10-26.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Portage Fintech Acquisition Corp
Exchange | NASDAQ | Headquaters | Minneapolis, MN, United States |
IPO Launch date | 2021-09-27 | CEO & Director | Mr. Richard W. Gaenzle Jr. |
Sector | Financial Services | Website | https://www.perceptioniii.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | Minneapolis, MN, United States | ||
CEO & Director | Mr. Richard W. Gaenzle Jr. | ||
Website | https://www.perceptioniii.com | ||
Website | https://www.perceptioniii.com | ||
Full time employees | - |
Perception Capital Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp. III in October 2023. The company was incorporated in 2021 and is based in Minneapolis, Minnesota.
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