Stock fact sheet · data as of
LightWave Acquisition Corp. (LWAC): fair value, margin of safety and Wheel Score
Ticker symbol LWAC · Financial Services · Shell Companies · United States · Class A ordinary shares · Blend
LWAC is LightWave Acquisition Corp.'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 LWAC undervalued?
LWAC closed at 10.39 on 5 Nov 2026, more than 30% above the GLS average fair value of 3.48. 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.
There is a wide gap between GLS Growth (0.8128) and Graham Number (7.92). 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for LWAC, so the nightly engine files it under Blend (value score 30, growth score 18, out of 100).
Nine valuation models for LWAC
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 | -24% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 4.48 | -57% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.11 | -89% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.8128 | -92% | 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 | 3.09 | -70% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.2256 | -102% | 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
No Piotroski health score is on file for LWAC (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. A GLS Moat score of 0.0/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 1.0%, ROE 1.0%, ROA 1.0% - with debt at 0.00 times equity and negative free cash flow.
LightWave 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 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 1.0% |
|---|---|---|---|
| GLS Moat | 0.0 / 10 | ROE | 1.0% |
| Debt / equity | 0.00 | ROA | 1.0% |
| Free-cash-flow yield | -0.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 12: No options
No options are listed on LightWave Acquisition Corp. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 12, 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 25k shares a day on a market cap of $312M, with a beta of -0.01 - 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 | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 198% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Fails | market cap $312M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 198% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | moat 0.0/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta -0.01, $312M 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 LWAC 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 LightWave 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 |
|---|---|---|---|---|---|
| LEGO Legato Merger Corp. IV | 9.96 | - | - | 12No options | $311M |
| LPBB Launch Two Acquisition Corp. Class A | 10.82 | 11.04 | +2% | 15No options | $311M |
| TVA Texas Ventures Acquisition III Corp | 10.68 | 8.64 | -23% | 15No options | $320M |
| JACS Jackson Acquisition Company II | 10.85 | 13.34 | +19% | 23No options | $321M |
| ALDF Aldel Financial II Inc. | 10.75 | 7.99 | -35% | 16No options | $321M |
| CLBR Colombier Acquisition Corp. III | 10.10 | 1.15 | -781% | 12No options | $304M |
| JENA Jena Acquisition Corporation II | 10.46 | 3.40 | -208% | 9No options | $303M |
| HVMC Highview Merger Corp. Class A Ordinary Share | 10.30 | 11.40 | +10% | 16No options | $303M |
| IEAG Infinite Eagle Acquisition Corp. Class A Ordinary Shares | 10.07 | 0.5783 | -1641% | 12No options | $302M |
| EVOX Evolution Global Acquisition Corp Class A Ordinary Shares | 10.14 | - | - | 12No options | $324M |
| ALOV Aldabra 4 Liquidity Opportunity Vehicle Inc. | 10.02 | 1.55 | -548% | 12No options | $301M |
| LPAA Launch One Acquisition Corp. | 11.02 | 5.27 | -109% | 14No options | $326M |
⚖ Compare LWAC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about LWAC
What kind of share is LWAC?
LWAC is LightWave Acquisition Corp.'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 LWAC undervalued right now?
No: at 10.39 the stock trades 198% above the GLS average fair value of 3.48 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of LWAC and what does it mean?
LWAC 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 LWAC?
3.48 per share as of 5 Nov 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 LightWave Acquisition Corp. report earnings next?
No upcoming earnings date is recorded for LWAC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does LWAC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on LWAC, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.