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PCX

Parsec Capital Acquisitions NasdaqGM:PCX Stock Report

Last Price

US$10.11

Market Cap

US$109.0m

7D

0%

1Y

n/a

Updated

28 Sep, 2022

Data

Company Financials
PCX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

PCX Stock Overview

Parsec Capital Acquisitions Corp does not have significant operations.

Parsec Capital Acquisitions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Parsec Capital Acquisitions
Historical stock prices
Current Share PriceUS$10.11
52 Week HighUS$10.52
52 Week LowUS$9.84
Beta0
1 Month Change-0.98%
3 Month Change0.60%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO2.12%

Recent News & Updates

Shareholder Returns

PCXUS Capital MarketsUS Market
7D0%-6.7%-5.8%
1Yn/a-25.5%-22.1%

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

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

Price Volatility

Is PCX's price volatile compared to industry and market?
PCX volatility
PCX Average Weekly Movement0.7%
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: PCX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2021n/aPatricia Trompeterhttps://www.parsecacquisition.com

Parsec Capital Acquisitions 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 invest in space economy, transport, and technology industries.

Parsec Capital Acquisitions Fundamentals Summary

How do Parsec Capital Acquisitions's earnings and revenue compare to its market cap?
PCX fundamental statistics
Market CapUS$109.00m
Earnings (TTM)-US$1.87m
Revenue (TTM)n/a

0.0x

P/S Ratio

-58.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCX income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$1.87m
Earnings-US$1.87m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did PCX perform over the long term?

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

Valuation

Is PCX 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 PCX?

Other financial metrics that can be useful for relative valuation.

PCX 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 Book Ratio vs Peers

How does PCX's PB Ratio compare to its peers?

PCX PB Ratio vs Peers
The above table shows the PB ratio for PCX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average9617.8x
ACAX Alset Capital Acquisition
5581.9xn/aUS$111.2m
BRAC Broad Capital Acquisition
23209.3xn/aUS$112.3m
AIMA.U Aimfinity Investment I
4734.6xn/aUS$105.4m
GLST.U Global Star Acquisition
4945.5xn/aUS$105.5m
PCX Parsec Capital Acquisitions
n/an/aUS$109.0m

Price-To-Book vs Peers: PCX is good value based on its Price-To-Book Ratio (-38x) compared to the peer average (9617.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: PCX is good value based on its Price-To-Book Ratio (-38x) compared to the US Capital Markets industry average (-23.3x)


Price to Book Ratio vs Fair Ratio

What is PCX'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.

PCX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-38x
Fair PB Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate PCX'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.


Discover undervalued companies

  • Take a look at our analysis of PCX'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.

Future Growth

How is Parsec Capital Acquisitions 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 Parsec Capital Acquisitions 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 PCX’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 Parsec Capital Acquisitions performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • 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: PCX is currently unprofitable.

Growing Profit Margin: PCX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if PCX'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 PCX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PCX is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (33.2%).


Return on Equity

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


Discover strong past performing companies

Financial Health

How is Parsec Capital Acquisitions's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

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

Long Term Liabilities: PCX 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: PCX is debt free.

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


Balance Sheet


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: PCX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PCX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 56.1% each year


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Dividend

What is Parsec Capital Acquisitions's 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

Parsec Capital Acquisitions Dividend Yield vs Market
How does Parsec Capital Acquisitions dividend yield compare to the market?
SegmentDividend Yield
Company (Parsec Capital Acquisitions)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 (Parsec Capital Acquisitions)n/a

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

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

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


Discover strong dividend paying companies

Management

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

0.9yrs

Average board tenure


CEO

Patricia Trompeter (54 yo)

1.58yrs

Tenure

Ms. Patricia Trompeter serves as Chairman and Chief Executive Officer of Parsec Capital Acquisitions Corp. and has been its Director since its inception in February 2021. She serves as a Director of Astro...


Board Members

Experienced Board: PCX's board of directors are not considered experienced ( 0.9 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 PCX?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders250,0002.3%
Private Companies480,3444.5%
Hedge Funds1,416,04913.1%
General Public2,443,56122.7%
Institutions6,191,29657.4%

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


Top Shareholders

Top 25 shareholders own 70.99% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.68%
Saba Capital Management, L.P.
828,065$8.4m31.84%0.11%
5.45%
Weiss Asset Management, LLC
587,984$5.9m0%0.22%
5.11%
Karpus Management Inc
551,400$5.6m-0.42%0.2%
4.75%
Mizuho Financial Group, Inc., Asset Management Arm
511,781$5.2m117.78%0.02%
3.43%
D. E. Shaw & Co., L.P.
369,588$3.7m0%0.01%
3.43%
Wolverine Asset Management, LLC
369,383$3.7m-0.59%0.23%
3.39%
WR Berkley Corp., Asset Management Arm
365,904$3.7m0%0.2%
3.33%
Starboard Value LP
358,497$3.6m0%0.07%
3.29%
Boothbay Fund Management, LLC
355,166$3.6m0%0.14%
3.29%
ATW SPAC Management LLC
355,166$3.6m0%0.54%
2.78%
Hudson Bay Capital Management LP
300,000$3.0m0%0.04%
2.73%
Point72 Asset Management, L.P.
294,234$3.0m1039.03%0.01%
2.63%
Context Capital Management LLC
283,530$2.9m0%0.41%
2.43%
AQR Arbitrage, LLC
261,792$2.6m772.64%0.08%
2.32%
Maab Global Limited
250,001$2.5m0%no data
2.23%
Polar Asset Management Partners Inc.
240,000$2.4m0%0.04%
2.18%
MM Asset Management Inc
235,000$2.4m0%0.15%
2.14%
Feis Equities, LLC
230,343$2.3m-61.18%no data
1.86%
Periscope Capital Inc
200,000$2.0m0%0.06%
1.39%
Heights Capital Management, Inc.
150,355$1.5m0%0.1%
1.16%
Whitebox Advisors LLC
125,000$1.3m0%0.13%
1.16%
Tudor Investment Corporation
125,000$1.3m0%0.04%
0.99%
Fir Tree Capital Management LP
106,572$1.1m5.83%0.04%
0.92%
Highland Capital Management, L.P.
99,589$1.0m0%0.14%
0.92%
Walleye Capital LLC
99,435$1.0m0%0.02%

Company Information

Parsec Capital Acquisitions Corp's employee growth, exchange listings and data sources


Key Information

  • Name: Parsec Capital Acquisitions Corp
  • Ticker: PCX
  • Exchange: NasdaqGM
  • Founded: 2021
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$108.998m
  • Shares outstanding: 10.78m
  • Website: https://www.parsecacquisition.com

Location

  • Parsec Capital Acquisitions Corp
  • 320 West Main Street
  • Lewisville
  • Texas
  • 75057
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCXC.UNasdaqGM (Nasdaq Global Market)UnitsUSUSDOct 2021
PCXNasdaqGM (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 Analysis2022/09/28 00:00
End of Day Share Price2022/09/26 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.