Newbury Street II Acquisition Corp Class A Ordinary Shares (NTWO)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

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

I approach Newbury Street II as a speculation on a future merger, not as an operating business. Graham taught that a stock is a fractional interest in a business; here there is no business yet—only a pool of capital and a mandate to acquire one. Revenue is not reported in any filed period. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $311,304, down from $1.7M in fiscal Q2 2025, the quarter ended 2025-06-30. FY2025, the year ended 2025-12-31, showed net income of $6.6M, and fiscal Q1 2026, the quarter ended 2026-03-31, showed $1.4M. Those figures reflect a shell's accounting, not durable operating cash flow. Trailing free cash flow is negative $669,000, a -0.3% FCF yield, and FairStock's Piotroski F-Score is 1/9. At the 2026-10-13 close of $10.82, FairStock calculates P/E 54.10 and a Graham Number of $5.77, implying a -87.52% margin of safety. The Altman Z-Score is 20.84, suggesting low balance-sheet distress, but there is no moat. The Lynch category is none because only one year of filed results exists. The 52-week range is $10.29 to $12.14, so it sits near the low end, yet that does not make it cheap. FairStock Score 40/100 looks mediocre. Until a merger target and real financials appear, this is optionality, not a compounding business.

In plain English: Newbury Street II is a shell company formed to merge with another business, so it has no real operations or revenue. Its reported profit fell sharply in fiscal Q2 2026 and its cash flow is negative. At $10.82, the price looks expensive compared with its accounting value and earnings, so it is mostly a bet on finding a good merger.

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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