Dune Acquisition Corp II (NASDAQ: IPOD)

Sector: Financial Services Industry: Shell Companies CIK: 0002041047
ROIC (Qtr) 7.16
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Robust tangible asset base of 146.98M provides 365.94x coverage of working capital 401633, indicating strong operational backing.
  • Tangible assets of 146.98M provide robust 1923.71x coverage of other current liabilities 76402, indicating strong asset backing.
  • Long-term investments of 146.50M provide solid 364.75x backing of working capital 401633, showing strategic capital allocation.
  • Cash reserves of 401902 provide robust 5.26x coverage of current liabilities 76402, indicating strong short-term solvency.
  • Strong cash position of 401902 provides 5.26x coverage of other current liabilities 76402, indicating excellent liquidity.

Bear case

  • High financing cash flow of 144.93M relative to working capital of 401633, which is 360.86x suggests concerning dependence on external funding for operational needs.
  • Operating cash flow of (423434) is outpaced by equity issuance of 143.22M (-0 ratio), indicating concerning reliance on equity markets for funding operations.
  • R&D investment of 0 represents just 0x of SG&A expenses of 376523, indicating potential underinvestment in innovation relative to administrative overhead.
  • Equity issuance of 143.22M represents 71.20x of earnings 2.01M, suggesting concerning reliance on share issuance

Peer comparison

Companies in the Shell Companies
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ANSC Agriculture & Natural Solutions Acquisition Corp 493.77 Mn 56.15 0.00 0.84 Mn
2 CCIX Churchill Capital Corp IX/Cayman 395.47 Mn 46.22 0.00 0.00 Mn
3 ALF Centurion Acquisition Corp. 394.73 Mn 32.55 0.00 0.01 Mn
4 GPAT GP-Act III Acquisition Corp. 389.33 Mn 31.65 0.00 0.40 Mn
5 HYAC Haymaker Acquisition Corp. 4 338.26 Mn 38.17 0.00 1.88 Mn
6 SIMA SIM Acquisition Corp. I 328.57 Mn 35.70 0.00 0.00 Mn
7 AFJK Aimei Health Technology Co., Ltd. 303.65 Mn 216.00 0.00 1.66 Mn
8 GRAF Graf Global Corp. 300.58 Mn 34.68 0.00 0.00 Mn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.40 0.95
EV to Cash from Ops. EV/CFO -487.46 18.30
EV to Debt EV to Debt 0.00 125,153.88
EV to EBIT EV/EBIT 102.61 34.06
EV to EBITDA EV/EBITDA -548.20 -165.45
EV to Free Cash Flow [EV/FCF] EV/FCF -487.46 18.30
EV to Market Cap EV to Market Cap 1.00 0.63
EV to Revenue EV to Revenue 0.00 0.00
Price to Book Value [P/B] P/B -38.70 -20.50
Price to Earnings [P/E] P/E 102.90 -125.27
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.04
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 0.00
Dividend per Basic Share Div per Share (Qtr) 0.00 0.00
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 0.00
Interest Coverage Interest Coverage 0.00 2.94
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 0.00
Cash and Equivalents Growth (1y) % Cash and Equivalents Growth (1y) % 0.00 410.95
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT Growth (1y) % 0.00 282.79
EBITDA Growth (1y) % EBITDA Growth (1y) % 0.00 -126.98
EBIT Growth (1y) % EBIT Growth (1y) % 0.00 304.32
EBT Growth (1y) % EBT Growth (1y) % 0.00 303.65
EPS Growth (1y) % EPS Growth (1y) % 0.00 956.13
FCF Growth (1y) % FCF Growth (1y) % 0.00 -37.62
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 0.00
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.00
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 5.26 52.04
Current Ratio Curr Ratio (Qtr) 6.26 4.89
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -0.27
Interest Cover Ratio Interest Cover Ratio 0.00 2.94
Times Interest Earned Times Interest Earned 0.00 2.94
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 0.00
EBIT Margin % EBIT Margin % 0.00 0.00
EBT Margin % EBT Margin % 0.00 0.00
Gross Margin % Gross Margin % 0.00 0.00
Net Profit Margin % Net Profit Margin % 0.00 0.00