YHN Acquisition I Ltd (NASDAQ: YHNA)

Sector: Financial Services Industry: Shell Companies CIK: 0002020987
Market Cap -276.44 Mn
P/B 153.66
P/E -177.02
P/S 0.00
ROIC (Qtr) 61.94
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Tangible assets of 63.17M provide robust 1828.83x coverage of other current liabilities 34541, indicating strong asset backing.
  • Strong cash position of 95142 provides 2.75x coverage of other current liabilities 34541, indicating excellent liquidity.
  • Retained earnings of (1.80M) represent substantial 1x of equity (1.80M), indicating strong internal capital generation.
  • Tangible assets of 63.17M provide robust 142.08x coverage of current liabilities 444600, showing strong asset backing.
  • Operating cash flow of (1.15M) exceeds working capital of (299020) by 3.86x, showing strong operational efficiency.

Bear case

  • Free cash flow of (1.15M) represents just -19.19x of debt issuance 60059, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Cash position of 95142 provides weak coverage of payables of 410059, which is 0.23x, indicating potential working capital stress and supplier relationship risks.
  • Tangible assets of 63.17M provide limited backing for working capital of (299020), which is -211.26x, suggesting increased operational risk in market downturns.
  • R&D investment of 0 represents just 0x of SG&A expenses of 1.07M, indicating potential underinvestment in innovation relative to administrative overhead.
  • Cash position of 95142 provides minimal 0.09x coverage of SG&A expenses of 1.07M, indicating potential operational inflexibility in market downturns.

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 -4.38 0.95
EV to Cash from Ops. EV/CFO 239.86 18.30
EV to Debt EV to Debt 0.00 125,153.88
EV to EBIT EV/EBIT -177.05 34.06
EV to EBITDA EV/EBITDA 257.67 -165.45
EV to Free Cash Flow [EV/FCF] EV/FCF 239.86 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 153.66 -20.50
Price to Earnings [P/E] P/E -177.02 -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 & Equiv 1y % (Qtr) -88.64 410.95
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 282.79
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -126.98
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 304.32
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 303.65
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 956.13
FCF Growth (1y) % FCF 1y % (Qtr) 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) 0.21 52.04
Current Ratio Curr Ratio (Qtr) 0.33 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