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AFAC

Arena Fortify Acquisition NasdaqGM:AFAC Stock Report

Last Price

US$10.09

Market Cap

US$217.6m

7D

-0.1%

1Y

n/a

Updated

29 Sep, 2022

Data

Company Financials
AFAC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health0/6
Dividends0/6

AFAC Stock Overview

Arena Fortify Acquisition Corp. does not have significant operations.

Arena Fortify Acquisition Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arena Fortify Acquisition
Historical stock prices
Current Share PriceUS$10.09
52 Week HighUS$10.81
52 Week LowUS$9.55
Beta0
1 Month Change0.50%
3 Month Change1.00%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO0.90%

Recent News & Updates

Shareholder Returns

AFACUS Capital MarketsUS Market
7D-0.1%-3.5%-2.0%
1Yn/a-23.7%-20.3%

Return vs Industry: Insufficient data to determine how AFAC performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how AFAC performed against the US Market.

Price Volatility

Is AFAC's price volatile compared to industry and market?
AFAC volatility
AFAC Average Weekly Movementn/a
Capital Markets Industry Average Movement0.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: Insufficient data to determine AFAC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AFAC's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aDan Zwirnhttps://arenafortify.com

Arena Fortify Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on acquisition candidates within the natural resources industry.

Arena Fortify Acquisition Fundamentals Summary

How do Arena Fortify Acquisition's earnings and revenue compare to its market cap?
AFAC fundamental statistics
Market CapUS$217.57m
Earnings (TTM)US$14.02m
Revenue (TTM)n/a

15.5x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFAC income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$14.02m
EarningsUS$14.02m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-71.5%

How did AFAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AFAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AFAC?

Other financial metrics that can be useful for relative valuation.

AFAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does AFAC's PE Ratio compare to its peers?

AFAC PE Ratio vs Peers
The above table shows the PE ratio for AFAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average55.6x
APXI APx Acquisition I
87.7xn/aUS$217.8m
THAC Thrive Acquisition
52.1xn/aUS$218.6m
BRIV B. Riley Principal 250 Merger
51.6xn/aUS$217.2m
APN Apeiron Capital Investment
30.9xn/aUS$216.1m
AFAC Arena Fortify Acquisition
15.5xn/aUS$217.6m

Price-To-Earnings vs Peers: AFAC is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (55.6x).


Price to Earnings Ratio vs Industry

How does AFAC's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Earnings vs Industry: AFAC is good value based on its Price-To-Earnings Ratio (15.5x) compared to the US Capital Markets industry average (25.1x)


Price to Earnings Ratio vs Fair Ratio

What is AFAC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AFAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AFAC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of AFAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AFAC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AFAC's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Arena Fortify Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.8%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Arena Fortify Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of AFAC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Arena Fortify Acquisition performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.8%

Historical Diversified Financials annual earnings growth

Earnings and Revenue History

Quality Earnings: AFAC has high quality earnings.

Growing Profit Margin: Insufficient data to determine if AFAC's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if AFAC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare AFAC's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if AFAC's earnings growth over the past year exceeded the Capital Markets industry average.


Return on Equity

High ROE: AFAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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Financial Health

How is Arena Fortify Acquisition's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AFAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AFAC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AFAC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AFAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: AFAC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if AFAC's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Arena Fortify Acquisition current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Arena Fortify Acquisition Dividend Yield vs Market
How does Arena Fortify Acquisition dividend yield compare to the market?
SegmentDividend Yield
Company (Arena Fortify Acquisition)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Capital Markets)2.9%
Analyst forecast in 3 Years (Arena Fortify Acquisition)n/a

Notable Dividend: Unable to evaluate AFAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AFAC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AFAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AFAC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AFAC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average board tenure


CEO

Dan Zwirn (50 yo)

no data

Tenure

Mr. Daniel Bernard Zwirn, also known as Dan, serves as the Chief Executive Officer and Chief Investment Officer at Arena Investors, LP since 2015. He is Chief Executive Officer and Chairman of Arena Fortif...


Board Members

Experienced Board: AFAC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of AFAC?
Owner TypeNumber of SharesOwnership Percentage
General Public2,176,11810.1%
Hedge Funds2,954,36313.7%
Individual Insiders3,628,50016.8%
Institutions12,803,51959.4%

Dilution of Shares: AFAC only recently listed within the past 12 months.


Top Shareholders

Top 25 shareholders own 74.37% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.65%
Kieran Goodwin
3,591,000$36.2m0%no data
6.89%
Corbin Capital Partners, L.P.
1,485,000$15.0m0%2.92%
6.81%
Saba Capital Management, L.P.
1,469,363$14.8m0%0.2%
4.64%
Adage Capital Management, L.P.
1,000,000$10.1m0%0.02%
4.63%
Highbridge Capital Management, LLC
999,369$10.1m0.73%0.23%
3.79%
Point72 Asset Management, L.P.
817,161$8.2m23.11%0.02%
3.71%
Kennedy Lewis Investment Management LLC
800,000$8.1m0%5.59%
2.32%
Davidson Kempner Capital Management LP
500,000$5.0m0%0.16%
2.32%
Sculptor Capital Management, Inc.
500,000$5.0m0%0.07%
1.99%
D. E. Shaw & Co., L.P.
429,813$4.3m0%0.01%
1.98%
Radcliffe Capital Management, L.P.
426,261$4.3m0.25%0.15%
1.95%
UBS O'Connor LLC
420,018$4.2m0%0.1%
1.62%
Taconic Capital Advisors L.P.
350,000$3.5m0%0.13%
1.59%
Intrepid Investment Management, LLC
342,000$3.5m0%no data
1.59%
Cowen Inc,Private Banking and Investment Banking Investments
342,000$3.5m0%0.4%
1.53%
Verition Fund Management LLC
329,700$3.3m1.04%0.08%
1.41%
Millennium Management LLC
305,000$3.1m0%no data
1.4%
Periscope Capital Inc
301,000$3.0m0%0.09%
1.39%
Fir Tree Capital Management LP
299,500$3.0m99.67%0.1%
1.16%
Balyasny Asset Management L.P.
250,000$2.5m0%0.01%
1.16%
Spring Creek Capital, LLC
250,000$2.5m0%0.13%
1.06%
Omni Event Management Limited
229,469$2.3m-4.69%0.21%
0.93%
Weiss Asset Management, LLC
200,000$2.0m0%0.08%
0.93%
683 Capital Management, LLC
200,000$2.0m0%0.15%
0.93%
Alberta Investment Management Corporation
200,000$2.0m0%0.02%

Company Information

Arena Fortify Acquisition Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Arena Fortify Acquisition Corp.
  • Ticker: AFAC
  • Exchange: NasdaqGM
  • Founded: 2021
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$217.566m
  • Shares outstanding: 21.56m
  • Website: https://arenafortify.com

Location

  • Arena Fortify Acquisition Corp.
  • 405 Lexington Avenue
  • 59th Floor
  • New York
  • New York
  • 10174
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFAC.UNasdaqGM (Nasdaq Global Market)UnitsUSUSDNov 2021
AFACNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDDec 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.