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EQD

Equity Distribution AcquisitionNYSE:EQD Stock Report

Market Cap

US$508.2m

7D

-0.1%

1Y

n/a

Updated

27 Oct, 2021

Data

Company Financials
EQD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

EQD Overview

Equity Distribution Acquisition Corp. does not have significant operations.

Price History & Performance

Summary of all time highs, changes and price drops for Equity Distribution Acquisition
Historical stock prices
Current Share PriceUS$9.82
52 Week HighUS$9.32
52 Week LowUS$11.06
Beta0
1 Month Change-0.10%
3 Month Change0.31%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO1.76%

Recent News & Updates

Shareholder Returns

EQDUS Capital MarketsUS Market
7D-0.1%3.1%0.9%
1Yn/a71.9%33.4%

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

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

Price Volatility

Is EQD's price volatile compared to industry and market?
EQD volatility
EQD Beta0
Industry Beta1.19
Market Beta1

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

Volatility Over Time: EQD's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aBill Galvinhttps://www.equitydac.com

Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Chicago, Illinois.

Equity Distribution Acquisition Fundamentals Summary

How do Equity Distribution Acquisition's earnings and revenue compare to its market cap?
EQD fundamental statistics
Market CapUS$508.19m
Earnings (TTM)-US$5.40m
Revenue (TTM)n/a

0x

P/S Ratio

-94.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQD income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$5.40m
Earnings-US$5.40m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.10
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did EQD perform over the long term?

See historical performance and comparison

Valuation

Is Equity Distribution Acquisition undervalued compared to its fair value and its price relative to the market?

101.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EQD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EQD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EQD is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: EQD is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EQD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EQD is overvalued based on its PB Ratio (101.6x) compared to the US Capital Markets industry average (61.4x).


Future Growth

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

2.5%

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 Equity Distribution 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.


Past Performance

How has Equity Distribution Acquisition performed over the past 5 years?

17.4%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

Quality Earnings: EQD is currently unprofitable.

Growing Profit Margin: EQD is currently unprofitable.


Past Earnings Growth Analysis

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

Earnings vs Industry: EQD is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (77.6%).


Return on Equity

High ROE: EQD has a negative Return on Equity (-108.04%), as it is currently unprofitable.


Financial Health

How is Equity Distribution Acquisition's financial position?


Financial Position Analysis

Short Term Liabilities: EQD's short term assets ($1.1M) exceed its short term liabilities ($219.3K).

Long Term Liabilities: EQD's short term assets ($1.1M) do not cover its long term liabilities ($410.0M).


Debt to Equity History and Analysis

Debt Level: EQD is debt free.

Reducing Debt: EQD has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Equity Distribution Acquisition current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EQD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Bill Galvin (58 yo)

1.25yrs

Tenure

Mr. William A. Galvin, also known as Bill, is the Founder of Equity Distribution Acquisition Corp. and has been its Chief Executive Officer since July 2020. Mr. Galvin Founded Anixter International Inc. He...


Leadership Team

Experienced Management: EQD's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: EQD's board of directors are not considered experienced ( 1.1 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Equity Distribution Acquisition Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Equity Distribution Acquisition Corp.
  • Ticker: EQD
  • Exchange: NYSE
  • Founded: 2020
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$508.185m
  • Shares outstanding: 51.75m
  • Website: https://www.equitydac.com

Location

  • Equity Distribution Acquisition Corp.
  • Two North Riverside Plaza
  • Suite 600
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 23:14
End of Day Share Price2021/10/27 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.