Melar Acquisition Corp. I (MACI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Melar Acquisition Corp. I

NasdaqGM•Financial Services•Shell Companies

$10.98+0.03(<0.01%)Market closed

Market Cap

$154.38M

P/E

39.6x

Melar Acquisition Corp. I does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Melar Acquisition Corp. was incorporated in 2024 and is based in New York, New York.

How this company scores

WeakMetricSide Score: 25/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (0/25).

Profitability3/25

Growth7/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality0/25

Strengths

Interest easily coveredNet cash positionImproving marginsNo share dilution

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 39.6x5y range 23.2x – 39.6x

Currently above its 6-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $154.38M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $0
Q. Revenue: $0
TTM EBITDA: $-2.45M
TTM Op. Income: $-2.45M
Q. Op. Income: $-628,701
TTM Net Income: $3.90M
Q. Net Income: $720,170
EPS: N/A
Shares Out.: $14.01M

$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-2.45M and TTM operating income of $-2.45M show growth is flowing through to the bottom line. TTM net income of $3.90M means revenue is converting into profit.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: N/A
Op. Margin: -62870100.0%
Net Margin: 72017000.0%

Op. margin of -62870100.0% is down 39541300.0% YoY — costs are rising relative to revenue. Net margin at 72017000.0% Over the past year, operating margin is down 169% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 39.6x
P/S Ratio: N/A
P/B Ratio: N/A

At 39.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.0x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 6 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $47.02M
Cash: $2,068
Long-Term Debt: N/A
Book Value: $-3.48M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-232,137
TTM Free Cash Flow: $-776,816
FCF Margin: N/A
FCF / Net Income: -0.2

TTM FCF of $-776,816 on $-232,137 in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 61% — a weakening trend.