Newbridge Acquisition Limited Class A Ordinary Share (NBRG)

FairStock Score: 16/100 — RISKY

Key Financials

AI Analysis

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

I approach Newbridge Acquisition as a shell, not an operating business. It has no significant operations, and filed revenue is n/a in every period shown. The filed record shows losses in fiscal 2024, the year ended 2024-12-31, of -$140,962, and fiscal 2025, the year ended 2025-12-31, of -$221,014. Yet fiscal Q1 2026, the quarter ended 2026-03-31, had net income of $95,982, and fiscal Q2 2026, the quarter ended 2026-06-30, had net income of $289,370. That swing is encouraging, but without revenue I cannot call it a durable earnings stream. At the close on 2026-10-13, the price was $10.09. FairStock calculations show a P/E of 336.33, P/B of 18.02, Graham Number of $2.27, and margin of safety of -344.49%. Those are not bargain valuations; the price is far above what current reported earnings and net assets would support. The Piotroski F-Score of 2/9, ROCE of -1.11%, and trailing free cash flow of -$532,626 also argue against financial strength, even if the Altman Z-Score of 19.19 suggests low measured distress. There is no competitive moat because there is no operating business; the asset is optionality on a deal. The computed Lynch category is none because only two years of filed results are available, so a long-term record cannot be judged. At $10.09, I see speculation, not margin of safety.

In plain English: Newbridge Acquisition is a shell company with no real operations; it exists to merge with or acquire another business. Its filed numbers show no revenue, yearly losses in fiscal 2024 and fiscal 2025, but positive net income in the first two quarters of fiscal 2026. At $10.09, the price looks expensive compared with the small reported profits and net assets behind it, so it does not look like a classic bargain.

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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) · FY2024 10-K (period ended 2024-12-31)

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