Armada Acquisition Corp. III (AACI): fair value, margin of safety and Wheel Score

Is AACI undervalued?

AACI closed at 10.09 on 5 Nov 2026, more than 30% above the GLS average fair value of 1.54. Only 0 of the 5 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.

The 5 models disagree widely: GLS Growth gives 0.2736 while Graham Number gives 4.53. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, AACI is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 40, growth score 18, out of 100).

Nine valuation models for AACI

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

No Piotroski health score is on file for AACI (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. The GLS Moat score is low at 0.0 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.

Returns on capital are thin or negative - ROIC -2308.5%, ROE 664.9%, ROA -56.0% - with debt at -1.29 times equity and negative free cash flow.

Armada Acquisition Corp. III pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.

Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 12: No options

AACI has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (12 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 22k shares a day on a market cap of $258M, with a beta of 0.04 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for AACI in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Shell Companies

The 12 companies below are the closest to Armada Acquisition Corp. III by market cap within the Shell Companies industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare AACI with 7 of them   All Financial Services stocks →