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Future Vision II Acquisition

FVN
26
Shell Companies · Financial Services
Exchange
NASDAQ
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Exceptional
Valuation
Weak

Winston Score History

The full picture

Future Vision II Acquisition Corp. is a special purpose acquisition company, or SPAC. It has no products or customers of its own. Its only job is to raise money from investors and then find a private company to merge with, turning that private company into a publicly traded one.

The company earns no revenue on its own, which is why its margins are essentially zero. The cash it raised through its IPO sits in a trust account until a merger target is found and approved by shareholders. SPACs like this one operate under strict deadlines — typically two years — to complete a deal or return money to investors. The biggest risk here is that no suitable merger target is found in time, which would result in the trust being liquidated and funds returned to shareholders rather than deployed into a business.

Score breakdown

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
1.6%
Weak — 1.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
-58.6%
Earnings shrinking (-58.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/6 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
-32%
Weak — only -32% of profit becomes cash
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
156.1x
no trend
Expensive — P/E 156.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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