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APXI

APx Acquisition I NasdaqGM:APXI Stock Report

Last Price

US$10.10

Market Cap

US$217.8m

7D

-0.1%

1Y

n/a

Updated

27 Sep, 2022

Data

Company Financials
APXI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

APXI Stock Overview

APx Acquisition Corp. I. does not have significant operations.

APx Acquisition I Competitors

Price History & Performance

Summary of all time highs, changes and price drops for APx Acquisition I
Historical stock prices
Current Share PriceUS$10.10
52 Week HighUS$10.53
52 Week LowUS$9.80
Beta0
1 Month Change0.40%
3 Month Change0.90%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPOn/a

Recent News & Updates

Aug 25

APx Acquisition receives non-compliance letter from Nasdaq

Blank check company APx Acquisition Corp. I (NASDAQ:APXI) has received a letter of non-compliance from Nasdaq over a failure to timely file its quarterly report. The stock exchange said it has not received APXI's quarterly report on Form 10-Q for the period ended Jun. 30. The company has until Oct. 24 to submit a plan to regain compliance. If the plan is approved by the stock exchange, APXI may be granted an extension of up to 180 calendar days from due date of the Form 10-Q, or until Feb. 20, 2023, to regain compliance. Source: Press Release

Shareholder Returns

APXIUS Capital MarketsUS Market
7D-0.1%-6.7%-5.8%
1Yn/a-25.5%-22.1%

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

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

Price Volatility

Is APXI's price volatile compared to industry and market?
APXI volatility
APXI Average Weekly Movement0.3%
Capital Markets Industry Average Movement0.5%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: APXI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2021n/aDaniel Braatz

APx Acquisition Corp. I. 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. The company was incorporated in 2021 and is based in Mexico City, Mexico.

APx Acquisition I Fundamentals Summary

How do APx Acquisition I's earnings and revenue compare to its market cap?
APXI fundamental statistics
Market CapUS$217.78m
Earnings (TTM)US$2.48m
Revenue (TTM)n/a

87.7x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APXI income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$2.48m
EarningsUS$2.48m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did APXI perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 APXI?

Other financial metrics that can be useful for relative valuation.

APXI 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 APXI's PE Ratio compare to its peers?

APXI PE Ratio vs Peers
The above table shows the PE ratio for APXI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.4x
AFAC Arena Fortify Acquisition
15.5xn/aUS$217.6m
THAC Thrive Acquisition
52.1xn/aUS$218.6m
PMVC PMV Consumer Acquisition
19xn/aUS$215.7m
GAPA G&P Acquisition
23.2xn/aUS$218.8m
APXI APx Acquisition I
87.7xn/aUS$217.8m

Price-To-Earnings vs Peers: APXI is expensive based on its Price-To-Earnings Ratio (87.7x) compared to the peer average (27.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: APXI is expensive based on its Price-To-Earnings Ratio (87.7x) compared to the US Capital Markets industry average (24.8x)


Price to Earnings Ratio vs Fair Ratio

What is APXI'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.

APXI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio87.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate APXI'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 APx Acquisition I 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 APx Acquisition I 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 APXI’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 APx Acquisition I 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: APXI has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if APXI'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 APXI'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 APXI's earnings growth over the past year exceeded the Capital Markets industry average.


Return on Equity

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


Discover strong past performing companies

Financial Health

How is APx Acquisition I's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

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

Long Term Liabilities: APXI 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: APXI is debt free.

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

Debt Coverage: APXI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: APXI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is APx Acquisition I 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

APx Acquisition I Dividend Yield vs Market
How does APx Acquisition I dividend yield compare to the market?
SegmentDividend Yield
Company (APx Acquisition I)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Capital Markets)2.9%
Analyst forecast in 3 Years (APx Acquisition I)n/a

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

High Dividend: Unable to evaluate APXI'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 APXI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APXI'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 APXI has not reported any payouts.


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Management

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


CEO

Daniel Braatz (37 yo)

no data

Tenure

Mr. Daniel Braatz is Chairman of the Board and Chief Executive Officer of APx Acquisition Corp. I. Mr. Braatz has served as Chief Executive Officer and Chairman of the Board of APx Capital. In addition, Mr...


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 APXI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders40,0000.2%
General Public2,831,36713.1%
Hedge Funds4,110,52319.1%
Private Companies4,272,50019.8%
Institutions10,308,11047.8%

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


Top Shareholders

Top 25 shareholders own 79.37% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.81%
APx Cap Holdings I, LLC
4,272,500$43.2m0%no data
7.1%
Saba Capital Management, L.P.
1,530,600$15.5m19.52%0.21%
6.87%
Fir Tree Capital Management LP
1,480,500$15.0m-0.3%0.51%
5.1%
Highbridge Capital Management, LLC
1,099,423$11.1m-11.65%0.25%
4.7%
Glazer Capital, LLC
1,013,987$10.2m1378.33%0.26%
4.64%
Calamos Asset Management, Inc.
1,000,000$10.1m0%0.06%
2.62%
Millennium Management LLC
565,000$5.7m40.51%0.01%
2.37%
Weiss Asset Management, LLC
510,000$5.2m-37.04%0.19%
2.23%
Verition Fund Management LLC
481,656$4.9m42.02%0.12%
2.2%
Goldman Sachs Group, Investment Banking and Securities Investments
474,204$4.8m-9.01%no data
2.09%
D. E. Shaw & Co., L.P.
450,000$4.5m0%0.01%
1.86%
Linden Advisors LP
400,000$4.0m0%0.24%
1.67%
Aristeia Capital, LLC
360,914$3.6m20.3%0.08%
1.64%
Starboard Value LP
352,697$3.6m0%0.07%
1.49%
Eisler Capital (Uk) Ltd
321,355$3.2m-0.01%0.35%
1.48%
P. Schoenfeld Asset Management LP
318,862$3.2m0%0.19%
1.43%
UBS O'Connor LLC
308,849$3.1m0%0.08%
1.39%
Hudson Bay Capital Management LP
300,000$3.0m0%0.04%
1.39%
Polar Asset Management Partners Inc.
300,000$3.0m0%0.05%
1.39%
Sculptor Capital Management, Inc.
300,000$3.0m0%0.04%
1.39%
Davidson Kempner Capital Management LP
300,000$3.0m0%0.09%
1.38%
AQR Arbitrage, LLC
296,976$3.0m0%0.09%
1.16%
Whitebox Advisors LLC
250,000$2.5m0%0.27%
1.05%
Radcliffe Capital Management, L.P.
226,800$2.3m12%0.08%
0.93%
JPMorgan Chase & Co, Brokerage and Securities Investments
200,000$2.0m0%no data

Company Information

APx Acquisition Corp. I's employee growth, exchange listings and data sources


Key Information

  • Name: APx Acquisition Corp. I
  • Ticker: APXI
  • Exchange: NasdaqGM
  • Founded: 2021
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$217.781m
  • Shares outstanding: 21.56m

Location

  • APx Acquisition Corp. I
  • Juan Salvador Agraz 65
  • Contadero
  • Mexico City
  • Distrito Federal
  • 5370
  • Mexico


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APXI.UNasdaqGM (Nasdaq Global Market)UnitsUSUSDDec 2021
APXINasdaqGM (Nasdaq Global Market)YesClass A Ordinary SharesUSUSDJan 2022

Company Analysis and Financial Data Status

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