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FACA

Figure Acquisition I NYSE:FACA Stock Report

Last Price

US$9.87

Market Cap

US$405.4m

7D

0.3%

1Y

1.0%

Updated

04 Oct, 2022

Data

Company Financials
FACA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

FACA Stock Overview

Figure Acquisition Corp. I does not have significant operations.

Figure Acquisition I Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Figure Acquisition I
Historical stock prices
Current Share PriceUS$9.87
52 Week HighUS$9.95
52 Week LowUS$9.71
Beta0
1 Month Change0.20%
3 Month Change0.71%
1 Year Change1.02%
3 Year Changen/a
5 Year Changen/a
Change since IPOn/a

Recent News & Updates

Shareholder Returns

FACAUS Capital MarketsUS Market
7D0.3%5.7%4.4%
1Y1.0%-20.7%-18.2%

Return vs Industry: FACA exceeded the US Capital Markets industry which returned -22.2% over the past year.

Return vs Market: FACA exceeded the US Market which returned -20% over the past year.

Price Volatility

Is FACA's price volatile compared to industry and market?
FACA volatility
FACA Average Weekly Movement0.2%
Capital Markets Industry Average Movement0.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
2020n/aCD Davieshttps://www.figureacquisitioncorpa.com

Figure Acquisition Corp. I does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination in the financial technology and financial services sector. The company was incorporated in 2020 and is based in San Francisco, California.

Figure Acquisition I Fundamentals Summary

How do Figure Acquisition I's earnings and revenue compare to its market cap?
FACA fundamental statistics
Market CapUS$405.37m
Earnings (TTM)US$14.11m
Revenue (TTM)n/a

28.7x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FACA income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$14.11m
EarningsUS$14.11m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did FACA perform over the long term?

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

Valuation

Is FACA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 FACA?

Other financial metrics that can be useful for relative valuation.

FACA 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 FACA's PE Ratio compare to its peers?

FACA PE Ratio vs Peers
The above table shows the PE ratio for FACA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average49.8x
PFDR Pathfinder Acquisition
47.1xn/aUS$403.8m
PIAI Prime Impact Acquisition I
26.6xn/aUS$408.8m
CLAA Colonnade Acquisition II
77.4xn/aUS$409.2m
PSAG Property Solutions Acquisition II
47.9xn/aUS$400.8m
FACA Figure Acquisition I
28.7xn/aUS$405.4m

Price-To-Earnings vs Peers: FACA is good value based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (49.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: FACA is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the US Capital Markets industry average (25x)


Price to Earnings Ratio vs Fair Ratio

What is FACA'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.

FACA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate FACA'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 Figure Acquisition I 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 Figure Acquisition I 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 FACA’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.
  • Figure Acquisition I competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Figure Acquisition I performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


904.2%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: FACA has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if FACA'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 FACA's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: FACA earnings growth over the past year (904.2%) exceeded the Capital Markets industry 33.2%.


Return on Equity

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


Discover strong past performing companies

Financial Health

How is Figure Acquisition I'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: FACA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FACA 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: FACA is debt free.

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

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

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


Balance Sheet


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Dividend

What is Figure Acquisition I 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

Figure Acquisition I Dividend Yield vs Market
How does Figure Acquisition I dividend yield compare to the market?
SegmentDividend Yield
Company (Figure Acquisition I)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Capital Markets)2.8%
Analyst forecast in 3 Years (Figure Acquisition I)n/a

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

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

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


Discover strong dividend paying companies

Management

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

1.7yrs

Average board tenure


CEO

CD Davies (56 yo)

no data

Tenure

Mr. Christopher Daniel Davies, also known as CD, has been Chief Executive Officer and Director at Figure Acquisition Corp. I. He had been Head of Lending & Operations at Figure Technologies, Inc. since Oct...


Board Members

Experienced Board: FACA's board of directors are not considered experienced ( 1.7 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 FACA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders135,0000.3%
General Public6,714,46816.3%
Private Companies12,261,42829.9%
Institutions21,960,53253.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 71.5% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
29.85%
Fintech Acquisition LLC
12,261,428$121.0m0%no data
4.45%
Sculptor Capital Management, Inc.
1,825,817$18.0m40.07%0.25%
3.41%
Adage Capital Management, L.P.
1,400,000$13.8m0%0.03%
3.31%
Aristeia Capital, LLC
1,360,512$13.4m12.39%0.29%
3.26%
RP Investment Advisors LP
1,337,323$13.2m21.57%1.64%
2.8%
Governors Lane LP
1,150,000$11.4m0%1%
2.43%
Corbin Capital Partners, L.P.
1,000,000$9.9m0%1.92%
2.3%
DLD Asset Management, LP
943,209$9.3m0%3.36%
2.19%
Empyrean Capital Partners, LP
900,000$8.9m0%0.3%
1.99%
Marshall Wace LLP
815,556$8.0m1.38%0.02%
1.79%
HGC Investment Management Inc.
734,981$7.3m0%0.45%
1.37%
Sage Rock Capital Management LP
562,530$5.6m3.11%1.13%
1.33%
Spartan Fund Management Inc.
548,242$5.4m0%1.03%
1.22%
Taconic Capital Advisors L.P.
502,323$5.0m151.16%0.18%
1.22%
Soros Fund Management LLC
500,000$4.9m0%0.13%
1.13%
Castle Creek Arbitrage, LLC
462,744$4.6m0%0.33%
1.03%
Saba Capital Management, L.P.
424,123$4.2m748.25%0.06%
0.93%
Oribel Capital Management, LP
383,328$3.8m0%1.2%
0.9%
HBK Investments L.P.
370,000$3.7m5.71%0.33%
0.87%
Jacobs Asset Management, LLC
358,929$3.5m0%1.76%
0.85%
Healthcare of Ontario Pension Plan Trust Fund
350,000$3.5m0%0.02%
0.82%
Moore Capital Management, LP
335,000$3.3m0%0.1%
0.73%
Davidson Kempner Capital Management LP
300,000$3.0m0%0.09%
0.68%
Citigroup Inc.,Banking and Securities Investments
277,351$2.7m0%no data
0.64%
UBS O'Connor LLC
261,313$2.6m0%0.06%

Company Information

Figure Acquisition Corp. I's employee growth, exchange listings and data sources


Key Information

  • Name: Figure Acquisition Corp. I
  • Ticker: FACA
  • Exchange: NYSE
  • Founded: 2020
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$405.375m
  • Shares outstanding: 41.07m
  • Website: https://www.figureacquisitioncorpa.com

Location

  • Figure Acquisition Corp. I
  • 650 California Street
  • Suite 2700
  • San Francisco
  • California
  • 94108
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FACA.UNYSE (New York Stock Exchange)UnitsUSUSDFeb 2021
FACANYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 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.