Future Vision II Acquisition Corporation Ordinary shares (FVN)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

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

I approach Future Vision II as a Graham-style special situation, not an operating company. It is a shell incorporated in 2024 and based in Shanghai; the business description says it has no significant operations and intends to merge with or acquire another business. In the filings provided, revenue is n/a. The profits are modest and uneven: in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $409,985, down from $551,900 in fiscal Q2 2025, the quarter ended 2025-06-30. In fiscal Q1 2026, the quarter ended 2026-03-31, net income was $418,756; in fiscal Q3 2025, the quarter ended 2025-09-30, it was $557,209; and FY2025, the year ended 2025-12-31, net income was $2.1M. FairStock’s trailing free cash flow is negative $346,904, a -0.5% FCF yield. The Piotroski F-Score is 1/9, so accounting-quality signals are weak. The Altman Z-Score is 40.04 and debt/equity is 0.34, but a shell’s balance sheet gives me no economic moat. FairStock’s ROE is 91.46%, but ROCE is -0.41%, which suggests capital is not producing operating returns. Valuation also gives me pause. At the 2026-10-13 close of $8.45, FairStock’s P/E is 33.80 and P/B is 154.86; the Graham Number is $6.84, leaving a margin of safety of -23.54%. The FairStock Score is 35/100. The shares are near the low end of the 52-week range of $7.84 to $21.88, but a low price alone is not value. Without a target, revenue, or a multi-year record, I cannot underwrite the business. FairStock assigns no Lynch category because only one year of filed results is available, and three are needed.

In plain English: Future Vision II Acquisition is a shell company with no real operations; it plans to merge with or buy another business. Its filings show no revenue, and its small profits have been uneven. At $8.45 a share, the price looks expensive compared with its reported accounting value and cash generation, even though it is near the low end of its 52-week range.

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