Stock fact sheet · data as of
A SPAC III Acquisition Corp. (ASPC): fair value, margin of safety and Wheel Score
Financial Services · Shell Companies · Hong Kong SAR China · Speculative / Distressed
Is ASPC undervalued?
ASPC closed at 10.90 on 16 Oct 2026, 25% below the GLS average fair value of 14.51 from 5 models (2 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 23 of the 25 Value points.
There is a wide gap between GLS Growth (5.53) and Graham Growth (30.50). 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.
The nightly engine files ASPC under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for ASPC
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 7.92 | -27% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 30.50 | +180% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.56 | -31% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.53 | -49% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 21.01 | +93% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1796 | -98% | 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
A SPAC III Acquisition Corp. scores only 3 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. 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. On durability ASPC scores 5.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 320.2%, ROE 320.2%, ROA 34.1% - with debt at 0.00 times equity and negative free cash flow.
A SPAC III Acquisition Corp. 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 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 320.2% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 320.2% |
| Debt / equity | 0.00 | ROA | 34.1% |
| Free-cash-flow yield | -1.7% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on A SPAC III Acquisition Corp. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 5k shares a day on a market cap of $25M, with a beta of -0.03 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 23 / 25 | 25% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 5k shares/day, $25M cap, beta -0.03 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ASPC 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 A SPAC III Acquisition Corp. 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 |
|---|---|---|---|---|---|
| CNDA Concord Acquisition Corp II | 3.50 | 5,215.46 | +100% | 39No options | $25M |
| GDST Chi Special Acquisition Corp. | 12.50 | - | - | 28No options | $23M |
| BKHA Black Hawk Acquisition Corporation | 6.85 | 21.26 | +68% | 39No options | $28M |
| RDAC Rising Dragon Acquisition Corp. | 5.05 | 6.31 | +20% | 33No options | $30M |
| RIBB Ribbon Acquisition Corp | 6.61 | 1.49 | -345% | 13No options | $33M |
| ACBD Annabidiol Corp. | 0.8400 | - | - | 24No options | $34M |
| NBST Newbury Street Acquisition Corporation | 10.51 | 28.66 | +63% | 39No options | $36M |
| MCAG Mountain Crest Acquisition Corp. V | 13.27 | - | - | 24No options | $38M |
| WINV WinVest Acquisition Corp. | 12.55 | - | - | 27No options | $39M |
| AFJK Aimei Health Technology Co., Ltd | 12.28 | 13.91 | +12% | 38No options | $39M |
| FSHP Flag Ship Acquisition Corporation | 11.34 | 12.67 | +11% | 36No options | $40M |
| DTSQ DT Cloud Star Acquisition Corporation | 11.43 | 16.99 | +33% | 39No options | $42M |
⚖ Compare ASPC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ASPC
Is ASPC undervalued right now?
By the GLS models, moderately: at 10.90 the stock trades 25% below the average fair value of 14.51 (data as of 16 Oct 2026).
What is the Wheel Score of ASPC and what does it mean?
ASPC has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for ASPC?
14.51 per share as of 16 Oct 2026 - the simple average of the 5 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 A SPAC III Acquisition Corp. report earnings next?
No upcoming earnings date is recorded for ASPC in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does ASPC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ASPC, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.