Loading...

We've got a brand new version of Simply Wall St! Try it out

FinTech Acquisition III

Nasdaq:FTAC
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FTAC
Nasdaq
$445M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

FinTech Acquisition Corp. III intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination with one or more businesses or assets. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
FTAC Share Price and Events
7 Day Returns
0.1%
NasdaqCM:FTAC
1%
US Capital Markets
0.7%
US Market
1 Year Returns
-
NasdaqCM:FTAC
8.6%
US Capital Markets
13.7%
US Market
FTAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FinTech Acquisition III (FTAC) 0.1% 0.3% 0.7% - - -
US Capital Markets 1% 5.5% 7.4% 8.6% 34.5% 59.9%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • No trading data on FTAC.
  • No trading data on FTAC.

Value

 Is FinTech Acquisition III undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FinTech Acquisition III to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FinTech Acquisition III.

NasdaqCM:FTAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.11 * 22.2%
$0.03
Book Value of Equity per Share Median Book Value from the past 5 years. $0.11
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:FTAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.834 * 5.96%)
7.7%

Discounted Cash Flow Calculation for NasdaqCM:FTAC using Excess Returns Model Model

The calculations below outline how an intrinsic value for FinTech Acquisition III is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:FTAC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.2% – 7.7%) * $0.11)
$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.02 / (7.7% - 2.73%)
$0.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.11 + $0.33
$0.44
NasdaqCM:FTAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.44
Current discount Discount to share price of $10.04
= -1 x ($10.04 - $0.44) / $0.44
-2175.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of FinTech Acquisition III is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FinTech Acquisition III's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FinTech Acquisition III's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:FTAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.06
NasdaqCM:FTAC Share Price ** NasdaqCM (2019-11-18) in USD $10.04
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 37.79x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FinTech Acquisition III.

NasdaqCM:FTAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:FTAC Share Price ÷ EPS (both in USD)

= 10.04 ÷ 0.06

177.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FinTech Acquisition III is overvalued based on earnings compared to the US Capital Markets industry average.
  • FinTech Acquisition III is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does FinTech Acquisition III's expected growth come at a high price?
Raw Data
NasdaqCM:FTAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 177.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-9.5%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FinTech Acquisition III, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FinTech Acquisition III's assets?
Raw Data
NasdaqCM:FTAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.11
NasdaqCM:FTAC Share Price * NasdaqCM (2019-11-18) in USD $10.04
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:FTAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:FTAC Share Price ÷ Book Value per Share (both in USD)

= 10.04 ÷ 0.11

88.93x

* Primary Listing of FinTech Acquisition III.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FinTech Acquisition III is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess FinTech Acquisition III's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. FinTech Acquisition III has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is FinTech Acquisition III expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover FinTech Acquisition III, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FinTech Acquisition III expected to grow at an attractive rate?
  • FinTech Acquisition III's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FinTech Acquisition III's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare FinTech Acquisition III's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:FTAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:FTAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -9.5%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:FTAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:FTAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 -3 4
2019-06-30 -2 3
2019-03-31 -1 2
2018-12-31 0 1
2018-09-30 0 0
2017-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FinTech Acquisition III's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if FinTech Acquisition III is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:FTAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from FinTech Acquisition III Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FTAC Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.06
2019-06-30 0.05
2019-03-31 0.03
2018-12-31 0.01
2018-09-30 0.00
2017-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FinTech Acquisition III will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess FinTech Acquisition III's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FinTech Acquisition III has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has FinTech Acquisition III performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FinTech Acquisition III's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if FinTech Acquisition III's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare FinTech Acquisition III's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • FinTech Acquisition III has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
FinTech Acquisition III's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FinTech Acquisition III Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FTAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4.02 1.33
2019-06-30 2.92 0.85
2019-03-31 1.67 0.51
2018-12-31 0.54
2018-09-30 0.00 0.00
2017-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst FinTech Acquisition III made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • It is difficult to establish if FinTech Acquisition III has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FinTech Acquisition III improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess FinTech Acquisition III's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FinTech Acquisition III has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is FinTech Acquisition III's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FinTech Acquisition III's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FinTech Acquisition III is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FinTech Acquisition III's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FinTech Acquisition III's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • FinTech Acquisition III has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FinTech Acquisition III Company Filings, last reported 1 month ago.

NasdaqCM:FTAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5.00 0.00 1.10
2019-06-30 5.00 0.00 1.48
2019-03-31 5.00 0.00 1.82
2018-12-31 5.00 0.00 2.30
2018-09-30 0.02 0.18 0.14
2017-12-31 0.00 0.00
  • FinTech Acquisition III has no debt.
  • FinTech Acquisition III currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • FinTech Acquisition III has no debt, it does not need to be covered by operating cash flow.
  • FinTech Acquisition III has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess FinTech Acquisition III's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FinTech Acquisition III has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is FinTech Acquisition III's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from FinTech Acquisition III dividends.
If you bought $2,000 of FinTech Acquisition III shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate FinTech Acquisition III's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FinTech Acquisition III's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:FTAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as FinTech Acquisition III has not reported any payouts.
  • Unable to verify if FinTech Acquisition III's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FinTech Acquisition III's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FinTech Acquisition III has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FinTech Acquisition III's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FinTech Acquisition III afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FinTech Acquisition III has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of FinTech Acquisition III's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Cohen
AGE 50
TENURE AS CEO 2.7 years
CEO Bio

Mr. Daniel Gideon Cohen is Co-Owner of Cohen Sponsor Interests II, LLC. Mr. Cohen serves as an Executive Vice President of the Bancorp, Inc. and The Bancorp Bank. Mr. Cohen is the Founder of EBC 2013 Family Trust. He serves as the Chairman and Chief Executive Officer of PrinceRidge Holdings LLC. He served as the Chief Executive Officer of FinTech Acquisition Corp. II since May 2015 until July 2018. He has been the Chief Executive Officer of FinTech Acquisition Corp. III from March 2017. He has been the Chief Executive of European Operations at Cohen & Company Inc. since September 16, 2013. He serves as the President of Cohen & Company Financial Limited, a wholly-owned subsidiary of Institutional Financial Markets, Inc., a financial services company specializing in credit-related fixed income investments. He serves as Chairman of Cohen & Company Inc. since February 21, 2018 and served as its Vice-Chairman from September 16, 2013 to February 21, 2018. Mr. Cohen has also served as President and Chief Executive Officer of all businesses of IFMI arising out of or related to Europe. He is the Founder of Turquoise Asset Management LLC and served as its Chief Executive Officer, Chief Investment Officer, Portfolio Manager. He is a co-owner of Solomon Investment Partnership, L.P. He served as the Chief Executive Officer and President of FinTech Acquisition Corp. since August 2014. He served as the Chief Executive Officer of Cohen & Company Capital Markets, LLC since December 2009 and also served as its Chief Investment Officer since October 2008. He served as FinTech I's President and Chief Executive Officer from August 2014 to July 2016. He served as an Executive Vice President of FinTech Acquisition Corp. from July 2014 to August 2014. He served as the President and Chief Operating Officer of Resource America, Inc. from 1998 to 2000. He served as the Chief Executive Officer of Alesco Financial Inc. since February 2009 and served as its Chief Investment Officer since December 2009. He served as Executive Chairman of Alesco Financial Inc. since October 18, 2006 and served as its Executive Director. He served as the Chief Executive Officer and President at CardConnect Corp. until July 29, 2016. From 2001 to 2006, he also served as the Chief Executive Officer of Cohen & Company. He served as Chief Executive Officer of The Bancorp from 1999 to 2000. He served as the Chairman, Chief Executive Officer and Director of J.V.B. Financial Group, LLC. He served as the Chief Investment Officer of IFMI since October 2008 and as Chief Executive Officer since December 16, 2009. He also served as the Chief Executive Officer of IFMI, LLC and its subsidiary, Cohen & Company Securities, LLC, a securities brokerage firm, from September 2001 to February 2006. He served as the Chief Executive Officer of RAIT Financial Trust from December 11, 2006 to February 22, 2009. He served as the Chief Executive Officer of Institutional Financial Markets, Inc. from December 16, 2009 to September 16, 2013 and served as its President. He served as the Chief Investment Officer of the Asset Management Division at Institutional Financial Markets, Inc. from December 16, 2009 to September 16, 2013 and served as its Executive Chairman from October 18, 2006 to September 16, 2013. He was Founder of PFS Funds - Turquoise Select Opportunities Fund and served as its Chief Executive Officer, Chief Investment Officer and Portfolio Manager. He served as the President of Cohen & Company Financial Limited (formerly Euro DeKania Management Ltd.), a wholly owned subsidiary of IFMI (NYSE: IFMI), formerly Cohen & Company Inc., and Alesco Financial, Inc. (which merged into IFMI), investment firms specializing in credit-related fixed income investments, since September 2013. In addition, before its merger with Alesco Financial. He served as the Chairman of the Board of Trustees of Taberna Realty Finance Trust from its inception in March 2005 to December 2006 and served as its Chief Executive Officer from March 2005 to December 2006. Mr. Cohen has been the Executive Vice President & Chairman of The Bancorp Bank, a fully Owned Subsidiary of The Bancorp, Inc. since January 01, 2015 and serves as its Director. He has been Chairman of the Board at Insurance Acquisition Corp. since December 2018. He has been the Chairman of The Bancorp, Inc. and Chairman of its Executive Committee of the Board of Directors and its U.S. subsidiary since 1999. He has been the Vice Chairman of Cohen & Company Inc. since September 16, 2013. He served as the Chairman of Dekania Corp. from February 28, 2006 to December 2006 and also served as its Director from February 28, 2006 to August 30, 2007. He served as Chairman of Cohen Financial Group, Inc., or CFG, which is in the process of liquidation, since its inception in April 2007. He served as Chairman of the Board of Directors of IFMI, LLC from October 6, 2006 to September 16, 2013 and its Executive Chairman from October 18, 2006 to December 16, 2009. He served as the Chairman of the Board of Managers of Cohen Brothers LLC since 2001 and also served as its Director. He also served as the Chairman of the Board of Dekania Acquisition Corp. from its inception in February 2006 to December 2006 and remained a Director of Dekania Acquisition Corp until its liquidation in February 2009. He served as the Chairman of Access to Money, Inc. from June 2003 to September 2006. He served as Vice Chairman at The Bancorp, Inc. He served as Vice Chairman of The Bancorp Bank. He serves as a Director of Star Asia and a Director of Muni Funding Company of America, LLC, or MFCA, a company investing in middle-market non-profit organizations. He has been a Director of FinTech Acquisition Corp. II since May 2015. He serves as a Member of the Board at iATMglobal.net. Mr. Cohen serves on the Board of Directors of Star Asia Finance Ltd., American Academy in Rome, Areté Living Arts Foundation, The Jewish Theological Seminary of America and is a Member of the Academy of the University of Pennsylvania. He has been a Trustee at Taberna Realty Finance Trust since March 2005. He served as a Member of The Board of Directors of Access to Money, Inc. (TRM Corporation) from June 1998 to September 2006. He served as a Director of FinTech Acquisition Corp. since November 2013. He served as Director of Turquoise Asset Management LLC. He served as a Director of PFS Funds - Turquoise Select Opportunities Fund. From 1997 to 1999, he served as a Director of Jefferson Bank of Pennsylvania He served as a Director of Resource America, Inc. from 1995 to 2000. He served as a Trustee of RAIT Financial Trust from December 11, 2006 to February 26, 2010. He served as a Director of FinTech I from November 2013 to July 2016. Mr. Cohen attended New York University and earned a B.S. in Economics from the Leonard N. Stern School of Business.

CEO Compensation
  • Insufficient data for Daniel to compare compensation growth.
  • Insufficient data for Daniel to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Daniel Cohen

TITLE
Chief Executive Officer
AGE
50
TENURE
2.7 yrs

Jay McEntee

TITLE
President
AGE
61
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the FinTech Acquisition III board of directors in years:

1.1
Average Tenure
66
Average Age
  • The average tenure for the FinTech Acquisition III board of directors is less than 3 years, this suggests a new board.
Board of Directors

Betsy Cohen

TITLE
Chairman of the Board
AGE
77
TENURE
2.7 yrs

Mei-Mei Tuan

TITLE
Independent Director
AGE
52
TENURE
1.3 yrs

Pawneet Abramowski

TITLE
Independent Director
AGE
45
TENURE
1.7 yrs

Jan Trachtman

TITLE
Independent Director
AGE
72
TENURE
1 yrs

Brittain Ezzes

TITLE
Independent Director
TENURE
1 yrs

Madelyn Antoncic

TITLE
Independent Director
AGE
66
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess FinTech Acquisition III's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FinTech Acquisition III has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Owns Most FinTech Acquisition Corp. III (NASDAQ:FTAC) Stock?

View our latest analysis for FinTech Acquisition III NasdaqCM:FTAC Ownership Summary, August 1st 2019 What Does The Institutional Ownership Tell Us About FinTech Acquisition III? … We can see that FinTech Acquisition III does have institutional investors; and they hold 25% of the stock. … Insider Ownership Of FinTech Acquisition III The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Company Info

Description

FinTech Acquisition Corp. III intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination with one or more businesses or assets. The company was founded in 2017 and is based in Philadelphia, Pennsylvania.

Details
Name: FinTech Acquisition Corp. III
FTAC
Exchange: NasdaqCM
Founded: 2017
$444,646,500
44,287,500
Website: http://www.fintechacquisition.com
Address: FinTech Acquisition Corp. III
2929 Arch Street,
Suite 1703,
Philadelphia,
Pennsylvania, 19104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM FTAC Class A Common Stock Nasdaq Capital Market US USD 08. Jan 2019
NasdaqCM FTAC.U Units Nasdaq Capital Market US USD 16. Nov 2018
NasdaqCM FTAC.W WT EXP 120123 Nasdaq Capital Market US USD 08. Jan 2019
Number of employees
Current staff
Staff numbers
0
FinTech Acquisition III employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:57
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.