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Future Vision II Acquisition

FVNNU
26
Shell Companies · Financial Services
Price
$12.23
+1.56 (+14.62%)
Market Cap
$89.8M
Exchange
NASDAQ Capital Market
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

Share count rising — dilution

+208.3% over 1y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.9M (2024) → 5.8M (2025)

Winston Score History

The full picture

Future Vision II Acquisition Corp. is a special purpose acquisition company, often called a SPAC or "blank check company." It does not sell any products or services. Instead, it raised money through an initial public offering with the goal of merging with or acquiring a private company to bring it public.

SPACs like Future Vision II generate no real revenue on their own. The cash raised in the IPO is held in a trust account, earning small amounts of interest, until a merger target is identified. The company is based in the United States and has a small market capitalization. SPACs face a key risk: if they cannot find and complete a suitable acquisition within their set deadline, they must return the trust funds to shareholders and dissolve. Investors should be aware that the ultimate value depends entirely on what company, if any, Future Vision II chooses to merge with.

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)
146.8x
Expensive — P/E 146.8

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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