FNVT Stock Overview
Finnovate Acquisition Corp. does not have significant operations.
Finnovate Acquisition Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.10|
|52 Week High||US$10.67|
|52 Week Low||US$9.75|
|1 Month Change||0.25%|
|3 Month Change||1.56%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||n/a|
Recent News & Updates
|FNVT||US Capital Markets||US Market|
Return vs Industry: Insufficient data to determine how FNVT performed against the US Capital Markets industry.
Return vs Market: Insufficient data to determine how FNVT performed against the US Market.
|FNVT Average Weekly Movement||0.6%|
|Capital Markets Industry Average Movement||0.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FNVT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: FNVT's weekly volatility (1%) has been stable over the past year.
About the Company
Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.
Finnovate Acquisition Fundamentals Summary
|FNVT fundamental statistics|
Is FNVT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FNVT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.041|
|Net Profit Margin||0.00%|
How did FNVT perform over the long term?See historical performance and comparison
Is FNVT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FNVT?
Other financial metrics that can be useful for relative valuation.
|What is FNVT's n/a Ratio?|
Price to Book Ratio vs Peers
How does FNVT's PB Ratio compare to its peers?
|FNVT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
GBBK Global Blockchain Acquisition
OXUS Oxus Acquisition
AXAC AXIOS Sustainable Growth Acquisition
SWSS Springwater Special Situations
FNVT Finnovate Acquisition
Price-To-Book vs Peers: FNVT is good value based on its Price-To-Book Ratio (350.5x) compared to the peer average (6779.6x).
Price to Earnings Ratio vs Industry
How does FNVT's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Book vs Industry: FNVT is expensive based on its Price-To-Book Ratio (350.5x) compared to the US Capital Markets industry average (-23.3x)
Price to Book Ratio vs Fair Ratio
What is FNVT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||350.5x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate FNVT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FNVT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate FNVT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate FNVT'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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How is Finnovate Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Finnovate 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 FNVT’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.
How has Finnovate Acquisition performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical Diversified Financials annual earnings growth
Earnings and Revenue History
Quality Earnings: FNVT is currently unprofitable.
Growing Profit Margin: FNVT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if FNVT'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 FNVT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FNVT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (33.2%).
Return on Equity
High ROE: FNVT has a negative Return on Equity (-140.65%), as it is currently unprofitable.
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How is Finnovate Acquisition's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: FNVT's short term assets ($1.0M) exceed its short term liabilities ($495.3K).
Long Term Liabilities: FNVT's short term assets ($1.0M) do not cover its long term liabilities ($176.2M).
Debt to Equity History and Analysis
Debt Level: FNVT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FNVT's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FNVT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FNVT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 74.4% each year
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What is Finnovate Acquisition current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Finnovate Acquisition Dividend Yield vs Market|
|Company (Finnovate 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 (Finnovate Acquisition)||n/a|
Notable Dividend: Unable to evaluate FNVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FNVT'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 FNVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FNVT'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 FNVT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
David Gershon (56 yo)
Prof. David Gershon serves as Chairman of the Board and Chief Executive Officer of Finnovate Acquisition Corp. Prof. Gershon was appointed as a professor at the business school of the Hebrew University of...
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: FNVT only recently listed within the past 12 months.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Finnovate Acquisition Corp.'s employee growth, exchange listings and data sources
- Name: Finnovate Acquisition Corp.
- Ticker: FNVT
- Exchange: NasdaqGM
- Founded: 2021
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$219.188m
- Shares outstanding: 21.71m
- Website: https://www.finnovateacquisition.com
- Finnovate Acquisition Corp.
- The White House
- 20 Genesis Close
- George Town
- Grand Cayman
- KY1 1208
- Cayman Islands
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FNVT.U||NasdaqGM (Nasdaq Global Market)||Units||US||USD||Nov 2021|
|FNVT||NasdaqGM (Nasdaq Global Market)||Yes||Class A Ordinary Shares||US||USD||Dec 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.