Kochav Defense Acquisition Corp. Class A Ordinary Shares (KCHV)

FairStock Score: 22/100 — RISKY

Key Financials

AI Analysis

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

I have watched enough blank-check companies to know they are not businesses; they are promises in search of a business. Kochav Defense Acquisition Corp. has no revenue in any filed figure. For FY2025, ended 2025-12-31, net income was $5.5M. In fiscal Q3 2025, ended 2025-09-30, net income was $2.4M, while fiscal Q2 2025, ended 2025-06-30, showed $798,203. In fiscal Q1 2026, ended 2026-03-31, and fiscal Q2 2026, ended 2026-06-30, net income was $2.1M in each period. Those are shell-company results, not operating profits from defense or aerospace products. FairStock's calculations put the price at $10.50 on 2026-10-13, with a P/E of 40.38, Graham Number of $6.62, margin of safety of -58.61%, free cash flow of -$638,685, FCF yield of -0.2%, Piotroski F-Score of 2/9, and FairStock score of 22/100. The company intends to merge with targets in defense and aerospace. Until a deal is announced and vetted, there is no moat, no customer base, no revenue, and no way to judge competitive position. A blank-check trust can create value if managers buy a wonderful business at a fair price, but the current quote already sits at the top of its 52-week range of $10.07 to $10.50. The Lynch category is none because only one year of filed results is available and three are needed. The Altman Z-Score of 30.20 may look strong, but for a shell it largely reflects the absence of normal operating liabilities. I would want to see the target, deal terms, and real statements before treating this as a Graham-style bargain.

In plain English: Kochav Defense Acquisition Corp. is a shell company that has no significant operations yet and plans to merge with a defense or aerospace business. Its filed reports show no revenue, while it reported net income in several periods from its shell-company activities. At $10.50 on 2026-10-13, the price sits at the top of its 52-week range and looks expensive compared with the limited financial figures available.

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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