Stock fact sheet · data as of
Apex Treasury Corporation Class A (APXT): fair value, margin of safety and Wheel Score
Ticker symbol APXT · Financial Services · Shell Companies · United States · Class A ordinary shares · Fund / Note
APXT is Apex Treasury Corporation Class A's Class A ordinary shares. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is APXT undervalued?
Apex Treasury Corporation Class A (APXT) closed at 10.18 on 5 Nov 2026, close to the GLS average fair value of 9.50 (7.1% above fair value). 3 of the 8 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between DCF (0.0216) and Payback Time (22.74). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
APXT looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for APXT
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.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.0216 | -100% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 11.27 | +11% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 9.27 | -9% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.30 | -77% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.68 | -83% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 22.35 | +120% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 22.74 | +123% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 6.38 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.0686 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Apex Treasury Corporation Class A scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. There is no GLS Moat score for APXT: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 0.6%, ROE 0.6%, ROA 0.6% - with debt at 0.00 times equity and a free-cash-flow yield of 2.2%.
Apex Treasury Corporation Class A pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Saa S 94%, Service 4%, Termed License and Support 2% (quarter Q2 FY2025).
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 0.6% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.6% |
| Debt / equity | 0.00 | ROA | 0.6% |
| Free-cash-flow yield | 2.2% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 11: No options
No options are listed on Apex Treasury Corporation Class A in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 11, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 78k shares a day on a market cap of $1.9B, with a beta of 0.05 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 7% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 7% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.05, $1.9B company |
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 APXT 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 Apex Treasury Corporation Class A 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NWAX New America Acquisition I Corp. | 10.04 | 1.77 | -468% | 12No options | $500M |
| EVAC EQV Ventures Acquisition Corp. II | 10.37 | 4.23 | -145% | 12No options | $487M |
| BCSS Bain Capital GSS Investment Cor | 10.22 | 2.21 | -362% | 12No options | $479M |
| CRAN Crane Harbor Acquisition Corp. II Class A Ordinary Shares | 10.14 | 1.80 | -465% | 12No options | $476M |
| CEPF Cantor Equity Partners IV, Inc. Class A Ordinary Shares | 10.34 | 9.04 | -14% | 12No options | $475M |
| CCXI Churchill Capital Corp XI | 11.26 | 0.0132 | -85091% | 20Weak | $472M |
| GTEN Gores Holdings X, Inc. | 10.45 | 0.9957 | -949% | 12No options | $471M |
| IACO Idea Acquisition Corp. Class A Ordinary Shares | 10.00 | - | - | 12No options | $438M |
| KRAQ KRAKacquisition Corp Class A Ordinary Shares | 10.01 | - | - | 12No options | $432M |
| KFII K&F Growth Acquisition Corp. II Class A Ordinary shares | 10.68 | 9.67 | -10% | 10No options | $419M |
| TACO Berto Acquisition Corp. | 10.50 | 11.32 | +7% | 15No options | $394M |
| AAC Ares Acquisition Corp. III Class A | 9.95 | - | - | 12No options | $393M |
⚖ Compare APXT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about APXT
What kind of share is APXT?
APXT is Apex Treasury Corporation Class A's Class A ordinary shares. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is APXT undervalued right now?
Not meaningfully: at 10.18 the stock trades within a few percent of the GLS average fair value of 9.50 (7.1% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of APXT and what does it mean?
APXT has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for APXT?
9.50 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Apex Treasury Corporation Class A report earnings next?
No upcoming earnings date is recorded for APXT in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does APXT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on APXT, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.