ITHA

ITHAX Acquisition

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Financial Services

industry

Shell Companies

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

Business Summary

ITHAX Acquisition is a shell company structured to raise capital and merge with or acquire an operating business, thereby taking it public. It does not generate operating revenue; instead, it holds cash in trust while seeking a transaction. Its economic model depends entirely on identifying a target, negotiating favorable terms, and converting balance sheet capital into a viable operating platform. Any future moat would derive not from current operations but from the competitive position of the acquired company and management’s capital allocation discipline.

 


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VALUATION

P/E

-

Market Cap ($M USD)

$303

Forward P/E

-

PEG

-

PRICE TO SALES

-

PRICE TO BOOK

1.4

EV / EBITDA

-645.4

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

-

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.01

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

0.00%

FREE CASH FLOW

Operating Margin

-

Debt-to-Equity

0

Piotroski F-Score

-

Altman Z-Score

18.3

Return on Invested Capital (ROIC)

-0.10%

Current Ratio

9.8

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

This is not an operating business — it is a shell company with a $303M market cap trading at 1.4x book and effectively no earnings profile. The absence of P/E, Forward P/E, PEG, and revenue metrics combined with an EPS of -645.4 and 0.00% operating margin confirms there is no active cash-generating engine. However, the Altman Z-Score of 18.3 and a 9.8 current ratio signal extreme balance sheet safety with virtually no insolvency risk. The market is not mispricing growth — there is none — but it may be pricing optionality: this is a capital pool with substantial liquidity and minimal financial distress risk.

AI Exposure / Tech Reliance

As a shell company in Financial Services, its adaptability to AI or technological shifts is irrelevant until it completes a business combination. It currently has no operating platform to digitize or automate. Any AI exposure would depend entirely on the target it acquires.

The Bull Case

A deep value investor could justify ownership strictly on balance sheet strength and optionality. A 1.4 price-to-book ratio is modest for a cash-heavy vehicle with a 9.8 current ratio and an Altman Z-score of 18.3, implying extremely low bankruptcy risk. Despite a negative ROIC of -0.10% and 0.00% operating margin, those figures reflect structural inactivity rather than deterioration. For investors specializing in SPAC or acquisition arbitrage, the appeal lies in capital preservation with embedded acquisition upside rather than current profitability metrics.

The Bear Case

The red flags are structural and unavoidable. EPS of -645.4 with an expected -$0.01 next year underscores the absence of a functioning earnings model, while missing metrics across P/E, PEG, sales growth, ROE, debt/equity, and institutional ownership highlight the analytical vacuum surrounding the entity. There is no dividend, no yield, no growth rate, and no demonstrated capital efficiency, with ROIC negative and margins at 0.00%. Investors are effectively underwriting management’s yet-to-be-proven acquisition ability, making this a speculative capital allocation bet rather than an operating investment.

Market Sentiment & Smart Money

Short Interest %

0.00%

Analyst Consensus

-

Average Analyst Price Target

-

Institutional Ownership %

0.10%

1-Year Beta

-0.02

Insider Buying % (6 Mo)

0.00%%

Distance to 52-Week High

99.30%

Distance to 52-Week Low

100.40%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.