Equity Distribution Acquisition Corp. does not have significant operations.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.82|
|52 Week High||US$9.32|
|52 Week Low||US$11.06|
|1 Month Change||-0.10%|
|3 Month Change||0.31%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||1.76%|
Recent News & Updates
|EQD||US Capital Markets||US Market|
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.
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
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
|EQD fundamental statistics|
Is EQD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EQD income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||-0.10|
|Net Profit Margin||0.00%|
How did EQD perform over the long term?See historical performance and comparison
Is Equity Distribution Acquisition undervalued compared to its fair value and its price relative to the market?
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).
How is Equity Distribution Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Equity Distribution Acquisition performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Galvin (58 yo)
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...
Experienced Management: EQD's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: EQD's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Equity Distribution Acquisition Corp.'s employee growth, exchange listings and data sources
- 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
- Equity Distribution Acquisition Corp.
- Two North Riverside Plaza
- Suite 600
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 23:14|
|End of Day Share Price||2021/10/27 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.