YHN Acquisition I Limited Ordinary Shares (YHNA)

FairStock Score: 3/100 — RISKY

Key Financials

AI Analysis

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

I approach this as a Graham-style bargain hunter, and YHN Acquisition I Limited is not an operating business. It is a blank-check shell that, according to the company description, has no significant operations and is searching for a merger. There is no revenue in any filed period I can see. The profits are modest and uneven: FY2024 net income $502,638, FY2025 net income $1.3M, fiscal Q1 2026 $95,567, and fiscal Q2 2026 $114,872, after a fiscal Q2 2025 loss of $24,750. The PEG of 0.12 is a FairStock calculation, but it rests on a tiny profit base and tells me little about future economics. A moat is impossible to assess because there is no business yet. Financial health: trailing free cash flow is negative $627,162, a -1.3% yield on the $47.5M market cap, and Piotroski is 1/9. The Altman Z-Score is 9.87, which looks safe on that single measure, but it is not a substitute for a real enterprise. Valuation at the $11.09 close on 2026-10-13 is demanding: FairStock calculations put P/E at 69.31, Graham Number at $4.59, and margin of safety at -141.61%. FairStock score is 3/100, and no Lynch category can be assigned because only two years of filed results exist. I would wait for a merger, audited financials, and a real operating record before treating this as a business.

In plain English: YHN Acquisition I Limited is a shell company with no real operations; it exists to find and merge with another business. In its filed results it reports no revenue, though it has shown small net income in some years and quarters. At $11.09, the price looks expensive compared with the earnings and accounting value shown in the data, and the business itself has no operating track record to judge.

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) · 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