Plum Acquisition Corp. IV Class A Ordinary Shares (PLMK)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

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

I look for understandable businesses with durable competitive advantages and conservative finances. Plum Acquisition Corp. IV is not that: it has no significant operations and no revenue, and its purpose is to find a merger partner. A moat cannot be assessed because there is no operating business yet. The filed figures show net income of $6.1M for fiscal year 2025 (period ended 2025-12-31), $1.2M in fiscal Q1 2026 (quarter ended 2026-03-31), and $577,124 in fiscal Q2 2026 (quarter ended 2026-06-30); the latest quarter is well below the $1.6M reported in fiscal Q2 2025 (quarter ended 2025-06-30). That is a shrinking profit stream, not a growing one. Financial health is mixed: trailing free cash flow is -$812,305, a -0.3% FCF yield, while the FairStock Altman Z-Score of 17.61 suggests low measured bankruptcy risk on the balance sheet; FairStock's ROCE is -0.70%. Valuation is not attractive on Graham terms. At the $10.63 close on 2026-10-13, the FairStock P/E is 50.62, the Graham Number is $8.82, and the margin of safety is -20.52%, meaning the price sits above that asset-based estimate. The Piotroski F-Score is 1/9 and the FairStock Score is 39/100. Growth trajectory is unknowable until a deal is announced; only one year of filed results exists, so the Lynch category is none. As a Graham-style investor, I see a speculative shell, not a proven business, and the current price already asks for successful execution.

In plain English: Plum Acquisition Corp. IV is a company with no real operations that is looking to merge with or buy another business. Its recent profits have gotten smaller, and it brings in no revenue. Compared with its current numbers, the stock price looks expensive rather than cheap.

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