EQV Ventures Acquisition Corp. II Class A Ordinary Shares (EVAC)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach EQV Ventures Acquisition Corp. II as a shell, not an operating business. In the filed figures, revenue is n/a in fiscal Q2 2026 (quarter ended 2026-06-30), fiscal Q1 2026 (quarter ended 2026-03-31), fiscal Q3 2025 (quarter ended 2025-09-30), and FY2025 (period ended 2025-12-31). The net income figures—$4.0M in fiscal Q2 2026, $3.9M in fiscal Q1 2026, $4.5M in fiscal Q3 2025, and $8.9M in FY2025—look positive, but without revenue they likely reflect interest or accounting items rather than a durable business. The only prior comparable in the data is fiscal Q2 2025, when net income was -$48,603. That swing explains FairStock's 8,316.66% profit growth, but it is not evidence of a moat. A SPAC has no competitive advantage until it buys a company; the intended energy upstream E&P focus is a capital-intensive, cyclical field. On valuation, at the 2026-10-13 close of $10.31, FairStock computes a P/E of 34.37, a Graham Number of $7.29, and a margin of safety of -41.43%. FCF is -$1.1M TTM, FCF yield -0.2%, ROCE -0.20%, Piotroski 2/9, and FairStock Score 41/100. The Altman Z-Score of 19.25 is high, but for a shell it is less meaningful. The 52-week range is $9.98-$10.33, so the price sits at the top. I see no margin of safety and no proven operating record; the key event is a merger, and until then this is speculation on deal terms.

In plain English: EQV Ventures Acquisition Corp. II is a blank-check company, meaning it has no real business yet and is looking to merge with an energy company. Its recent SEC filings show no revenue, though it has reported some profit from its cash. The stock trades near the top of its past-year range and looks expensive compared with its reported numbers.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer