TM

Trailblazer Merger Corporation I

TBMC·NASDAQ

$11.17

-5.4%
Financial ServicesShell Companies

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

At a Glance

Live Snapshot
Market Cap$50.27M
EPS2.0800
P/E Ratio5.37
Earnings Date09/30/2023

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 5.4).

Valuation inputs: P/E 5.4, earnings yield +18.6%, momentum -5.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +69.5%, ROIC +25.3%).

Profitability stack: net margin 0.0%, ROE +69.5%, ROIC +25.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +376.7%, momentum -5.4%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Trailblazer Merger Corporation I Market vs Earnings Trajectory

TBMC · NASDAQ

Loading price and EPS data...

TM

Trailblazer Merger Corporation I Fair Value Envelope

TBMC · NASDAQ

Our analysis suggests that TBMC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $11.1739, this represents a potential HIDDEN relative to our calculated worth for Trailblazer Merger Corporation I.

Intrinsic Value
Current Price: $11.1739
3Y-416100.0%
5Y-2080100.0%
10Y-2080100.0%

No Revenue Data

TBMC has not reported any revenue values in the available annual periods.

3Y+206123.0%
5Y+710281.0%
10Y+710281.0%
3Y-13507.0%
5Y+10100.0%
10Y+10100.0%
3Y-13507.0%
5Y+10100.0%
10Y+10100.0%
3Y+1328.0%
5Y+8522.0%
10Y+8522.0%
TM

Trailblazer Merger Corporation I Profit Bridge

TBMC · NASDAQ
Revenue0.00
Cost of Goods Sold (0.00)
Gross Profit0.00
Operating Expenses (0.00)
Operating Income-2.56M
Interest Expense (0.00)
Other Income/Expense-5.50M
Pretax Income-8.06M
Income Tax (-229.19K)
Net Income-8.29M
Net Income
-8.29M

Profitability Analysis

No Gross Profit Margin Data

TBMC has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

TBMC has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

TBMC has not reported any net profit margin values in the available annual periods.

69.51%
Return on Equity
726%
3Y-443.0%
5Y-30.0%
10Y-30.0%
-192.30%
Return on Assets
-3185%
3Y+14339.0%
5Y+8139.0%
10Y+8139.0%
25.28%
Return on Invested Capital
-377%
3Y-1639.0%
5Y-1158.0%
10Y-1158.0%
T

Trailblazer Merger Corporation I Cash Conversion Engine

TBMC · NASDAQ
Net Income-8.29M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital0.00
Others5.74M
Capital Expenditures0.00
Free Cash Flow-2.55M

Cash Flow Quality Analysis

FCF Conversion Rate

30.8%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

FCF Growth Trend

-63.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Trailblazer Merger Corporation I Funding & Solvency Profile

TBMC · NASDAQ
Cash & Cash Equivalents85.35K
Net Receivables0.00
Inventory0.00
Other Current Assets127.33K
Total Current Assets213 K
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets4.10M
Total Non-Current Assets4 M
Total Assets
4.31M

Financial Health Analysis

Current Ratio

0.02x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-13955503

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

5% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Trailblazer Merger Corporation I Street Expectations Map

TBMC · NASDAQ

No Target Data

No analyst price targets available for tbmc.

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Trailblazer Merger Corporation I Insider Positioning

TBMC · NASDAQ

During the last 12 months, there has been no insider trading activity reported for TBMC.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

TBMC has not reported any dividend yield values in the available annual periods.

 

tbmc Dividend History

TBMC
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%