Perpetuals.com Ltd American Depositary Shares (PDC)

FairStock Score: 24/100 — RISKY

Key Financials

AI Analysis

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

I look at Perpetuals.com as a tiny $21.7 million fintech selling regulated exchange software and a retail prediction platform. The appeal is the regulatory angle—Kronos X claims compliance with MiFID II, MiCA, DORA, and EMIR—but no figures here demonstrate a durable moat, pricing power, or recurring revenue. At the 2026-10-13 close of $3.12, FairStock's calculations show P/B of 4.22, P/E of -0.85, and ROE of -72.95%. That is not a Graham bargain; it is a speculative price on unproven earnings. The capital structure is one clear positive: debt-to-equity of 0.09. Still, the Piotroski F-Score of 1/9 and Altman Z-Score of -0.88 point to serious financial weakness. FairStock's ROCE of -9.50% tells me the enterprise is not earning a return on the capital it employs. Revenue growth and profit growth are listed as N/A, and the company has only 0 years of filed results, so I cannot compute a Lynch category or judge consistency. A 2.41 beta and a 52-week range of $2.42 to $8.83 indicate the shares can swing violently. With 39 employees, the operation is lean, but lean does not equal profitable. I would need to see actual filed revenue, narrowing losses, and positive returns on capital before considering whether the current price offers any margin of safety. Until then, this fails my quality and predictability tests, regardless of the fintech story.

In plain English: Perpetuals.com Ltd sells software for regulated financial trading and a retail prediction platform. The figures show it is losing money, has weak financial health signals, and the share price looks high compared with the company's accounting value. Because there is little filed history and no growth data, the business is hard to judge and looks risky rather than proven.

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

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