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Plum Acquisition Corp. III (PLMJW)



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Upturn Advisory Summary
01/08/2025: PLMJW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -37.5% | Avg. Invested days 15 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 71977 | Beta 0.02 | 52 Weeks Range 0.03 - 0.37 | Updated Date 02/7/2025 |
52 Weeks Range 0.03 - 0.37 | Updated Date 02/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -0.4% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 2484200 |
Shares Outstanding - | Shares Floating 2484200 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Plum Acquisition Corp. III (PLUM) - A Comprehensive Analysis
Company Profile
Detailed History and Background: Plum Acquisition Corp. III (PLUM) is a blank check company formed in Delaware on July 15, 2021. The company raised $293 million in its initial public offering (IPO) on October 1, 2021. PLUM is led by CEO and Chairman William P. Foley II, a seasoned investor with a long history of investing in and building successful businesses.
Core Business Areas: PLUM focuses on identifying and merging with a target operating company within the technology, media, or telecom (TMT) sectors. The company seeks businesses with leading technologies, disruptive innovation, and significant long-term value creation potential.
Leadership and Corporate Structure: PLUM's leadership team consists of experienced professionals with deep expertise in mergers and acquisitions, finance, and the TMT industry. The company's board of directors includes several notable individuals, including Former US Senator Bill Frist and venture capitalist Vinod Khosla.
Top Products and Market Share
Top Products and Offerings: As a SPAC, PLUM itself does not generate products or services. However, its target company, once acquired, will have its own product offerings and market share. The company has not yet announced its target acquisition and therefore specific product information is not currently available.
Market Share Analysis: Once PLUM completes its merger, a detailed analysis of the target company's products and their market share can be provided. This analysis will compare the target's offerings against its competitors and assess its competitive positioning in the global and US markets.
Total Addressable Market
The total addressable market (TAM) for PLUM depends on the target company it acquires. The TMT sector represents a vast market with diverse opportunities. In 2022, the global TMT sector was valued at approximately $6 trillion and is projected to grow at a CAGR of over 5% in the coming years.
Financial Performance
Recent Financial Analysis: Currently, PLUM is a pre-revenue company with no operating history. Therefore, financial statements and key metrics like revenue, net income, profit margins, and EPS are not applicable at this stage. Once PLUM acquires a target company, a detailed financial analysis will be possible.
Cash Flow and Balance Sheet Health: Similar to financial performance, analyzing the cash flow statement and balance sheet health is not feasible for PLUM as it does not currently have operational activities. This analysis will become relevant after the company completes its merger.
Dividends and Shareholder Returns
Dividend History: As a SPAC, PLUM does not have a dividend payout history. Typically, SPACs do not distribute dividends until after they complete their merger and the target company begins generating profits.
Shareholder Returns: Since PLUM hasn't completed a merger yet, calculating historical shareholder returns is not applicable. The future returns on PLUM stock will depend on its chosen target and the performance of that underlying business.
Growth Trajectory
Historical Growth: PLUM being a new company has no historical growth data to analyze. Its future growth prospects are contingent on the target company it acquires and its ability to execute its growth strategy.
Future Growth Projections: Based on industry trends and company statements, the TMT sector is expected to continue its growth trajectory. However, specific projections for PLUM's future growth are not available until a target company is identified.
Market Dynamics
Industry Trends: The TMT sector is characterized by rapid technological advancements, rising demand for data and connectivity, and evolving consumer preferences. These trends present both opportunities and challenges for companies like PLUM.
Competitive Landscape and Adaptability: The TMT sector is highly competitive with numerous established players and innovative startups vying for market share. PLUM's ability to identify an attractive target and successfully integrate it into its current structure will be crucial for its success in this dynamic market.
Competitors
Key Competitors: Major competitors within the SPAC landscape include companies like Social Capital Hedosophia Holdings VI (IPOF), dMY Technology Group, Inc. IV (DMYQ), and Churchill Capital Corp VII (CCVII). These SPACs have the potential to target similar businesses as PLUM and could affect its access to attractive acquisition opportunities.
Market Share and Competitive Advantages: Once PLUM completes its merger, a detailed comparison of its market share and competitive advantages against competitors can be conducted. This will provide a deeper understanding of PLUM's positioning within the industry and its potential to thrive in the competitive landscape.
Potential Challenges and Opportunities
Key Challenges: Potential challenges for PLUM include identifying an attractive target, effectively integrating the acquired business, navigating the evolving regulatory landscape surrounding SPACs, and competing against other strong contenders in the market.
Potential Opportunities: Exciting opportunities for PLUM lie in tapping into new market segments, leveraging technological advancements to drive innovation, forming strategic partnerships for growth, and capitalizing on the increasing demand for advanced solutions within the TMT sector.
Recent Acquisitions
As PLUM has not completed a business combination yet, there are no acquisitions to report within the past three years. Information about its future acquisitions and the rationale behind them will be available once a target is identified.
AI-Based Fundamental Rating
Evaluation and Rating: Given the current stage of the company, generating a precise AI-based fundamental rating for PLUM is challenging due to the lack of operational and financial data. As a SPAC, its future potential is largely tied to its target acquisition and the business strategy of the acquired company.
Justification and Factors Considered: Upon the completion of a business combination, an AI-based rating system can be utilized to evaluate PLUM based on various factors such as:
- Financial health: Analysis of revenue, profitability, margins, cash flow, and debt levels of the acquired business.
- Market position: Analysis of market share, brand recognition, product competitiveness, and industry trends.
- Growth prospects: Evaluation of future growth opportunities, strategic initiatives, and expected market performance.
Sources and Disclaimers: Data and information for this report were gathered from various sources, including PLUM's official filings with the SEC (available on the EDGAR database), financial news websites, industry reports, and market research databases.
- Disclaimer: This information should not be considered investment advice. Thorough research, due diligence, and consultation with a qualified financial professional are necessary before making investment decisions related to PLUM.
Conclusion
While PLUM currently presents a limited view due to its pre-merger stage, its focus on the promising TMT industry, experienced leadership team, and significant capital resources position the company with potential for growth. A thorough evaluation of its target company and the business combination process will be crucial to assess PLUM's long-term prospects and investment potential.
About Plum Acquisition Corp. III
Exchange NASDAQ | Headquaters San Francisco, CA, United States | ||
IPO Launch date 2021-09-27 | President, CEO, Secretary & Treasurer and Chairman Mr. Kanishka B. Roy | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://plumpartners.com |
Full time employees - | Website https://plumpartners.com |
Plum Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Alpha Partners Technology Merger Corp. and changed its name to Plum Acquisition Corp. III in February 2024. Plum Acquisition Corp. III was incorporated in 2021 and is based in San Francisco, California.
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