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BOCN

Blue Ocean Acquisition NasdaqGM:BOCN Stock Report

Last Price

US$10.02

Market Cap

US$237.7m

7D

0.2%

1Y

n/a

Updated

24 Sep, 2022

Data

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

BOCN Stock Overview

Blue Ocean Acquisition Corp. does not have significant operations.

Blue Ocean Acquisition Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blue Ocean Acquisition
Historical stock prices
Current Share PriceUS$10.02
52 Week HighUS$10.45
52 Week LowUS$9.80
Beta0
1 Month Change0.40%
3 Month Change1.11%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO1.83%

Recent News & Updates

Shareholder Returns

BOCNUS Capital MarketsUS Market
7D0.2%-6.0%-5.2%
1Yn/a-25.7%-23.0%

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

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

Price Volatility

Is BOCN's price volatile compared to industry and market?
BOCN volatility
BOCN Average Weekly Movementn/a
Capital Markets Industry Average Movement0.5%
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 BOCN's volatility over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
2021n/aMarcus Brauchlihttps://www.boacquisition.com

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to concentrate its sourcing efforts within the consumer Internet sector in segments, such as online marketplaces, education technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.

Blue Ocean Acquisition Fundamentals Summary

How do Blue Ocean Acquisition's earnings and revenue compare to its market cap?
BOCN fundamental statistics
Market CapUS$237.66m
Earnings (TTM)US$2.32m
Revenue (TTM)n/a

102.3x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOCN income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$2.32m
EarningsUS$2.32m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.098
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did BOCN perform over the long term?

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

Valuation

Is BOCN 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 BOCN?

Other financial metrics that can be useful for relative valuation.

BOCN 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 BOCN's PE Ratio compare to its peers?

BOCN PE Ratio vs Peers
The above table shows the PE ratio for BOCN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.9x
GACQ Global Consumer Acquisition
69xn/aUS$238.2m
HMA Heartland Media Acquisition
34.7xn/aUS$239.6m
MAQC Maquia Capital Acquisition
46.8xn/aUS$231.3m
MN Manning & Napier
12.9xn/aUS$231.1m
BOCN Blue Ocean Acquisition
102.3xn/aUS$237.7m

Price-To-Earnings vs Peers: BOCN is expensive based on its Price-To-Earnings Ratio (102.3x) compared to the peer average (40.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BOCN is expensive based on its Price-To-Earnings Ratio (102.3x) compared to the US Capital Markets industry average (25x)


Price to Earnings Ratio vs Fair Ratio

What is BOCN'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.

BOCN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio102.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate BOCN'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 Blue Ocean 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


11.7%

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 Blue Ocean 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.


Discover growth companies

  • Take a look at our analysis of BOCN’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 Blue Ocean 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: BOCN has high quality earnings.

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


Past Earnings Growth Analysis

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


Return on Equity

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


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Financial Health

How is Blue Ocean Acquisition'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: BOCN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BOCN 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: BOCN is debt free.

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

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

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


Balance Sheet


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Dividend

What is Blue Ocean 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

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

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

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


Discover strong dividend paying companies

Management

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

0.8yrs

Average board tenure


CEO

Marcus Brauchli (60 yo)

no data

Tenure

Mr. Marcus W. Brauchli serves as Interim Chief Executive Officer at Blue Ocean Acquisition Corp. since September 19, 2022. He serves as the President of Blue Ocean Sponsor LLC. He is the Managing Partner a...


Board Members

Experienced Board: BOCN'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

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


Top Shareholders

Top 25 shareholders own 75.72% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.25%
Blue Ocean Sponsor LLC
4,328,750$43.4m0%no data
8.73%
Apollo Global Management, Inc.
2,070,602$20.7m0%0.13%
5.27%
Calamos Asset Management, Inc.
1,250,000$12.5m0%0.07%
3.81%
Highbridge Capital Management, LLC
904,793$9.1m-0.48%0.2%
2.99%
Saba Capital Management, L.P.
710,211$7.1m73.13%0.1%
2.74%
Polar Asset Management Partners Inc.
650,000$6.5m0%0.11%
2.6%
UBS O'Connor LLC
617,698$6.2m0%0.15%
2.59%
Point72 Asset Management, L.P.
615,168$6.2m0.72%0.02%
2.53%
Mangrove Partners
600,000$6.0m0%0.48%
2.27%
AQR Arbitrage, LLC
537,572$5.4m0%0.17%
2.11%
Davidson Kempner Capital Management LP
500,000$5.0m0%0.15%
2.11%
Balyasny Asset Management L.P.
500,000$5.0m0%0.02%
2.11%
Centiva Capital, LP
499,951$5.0m-0.01%0.35%
1.9%
Periscope Capital Inc
449,800$4.5m0%0.13%
1.76%
Millennium Management LLC
417,231$4.2m15.36%0.01%
1.74%
Two Sigma Investments, LP
412,500$4.1m0%0.01%
1.73%
Bank of America Corporation, Asset Management Arm
410,000$4.1m0%no data
1.68%
Context Capital Management LLC
397,500$4.0m0%0.57%
1.57%
Radcliffe Capital Management, L.P.
372,627$3.7m0%0.13%
1.48%
Citigroup Inc.,Banking and Securities Investments
350,001$3.5m0%no data
1.39%
Goldman Sachs Group, Investment Banking and Securities Investments
330,065$3.3m2.86%no data
1.26%
Moore Capital Management, LP
300,000$3.0m0%0.09%
1.1%
WR Berkley Corp., Asset Management Arm
260,540$2.6m0%0.14%
1.05%
Verition Fund Management LLC
250,000$2.5m0%0.06%
0.95%
Hudson Bay Capital Management LP
225,000$2.3m0%0.03%

Company Information

Blue Ocean Acquisition Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Blue Ocean Acquisition Corp.
  • Ticker: BOCN
  • Exchange: NasdaqGM
  • Founded: 2021
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$237.662m
  • Shares outstanding: 23.72m
  • Website: https://www.boacquisition.com

Location

  • Blue Ocean Acquisition Corp.
  • 2 Wisconsin Circle
  • 7th Floor
  • Chevy Chase
  • Maryland
  • 20815
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOCN.UNasdaqGM (Nasdaq Global Market)UnitsUSUSDDec 2021
BOCNNasdaqGM (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 Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 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.