APAD
A Paradise Acquisition Corp. Class A Ordinary Shares
$8.03
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 4324.2% above fair value
You pay
$8.03
Bear
$0.15
Fair
$0.18
Bull
$0.22
Bear
$0.15
-98.2%
$0.01 × 12x P/E
Fair
$0.18
-97.7%
$0.01 × 15x P/E
Bull
$0.22
-97.3%
$0.01 × 18x P/E
Adjust Assumptions
15.0x
0.01$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
663.6x
Summary
Applying a 15x P/E to adjusted EPS of $0.01, the base-case value is $0.18 per share.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples