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First America Resources Corporation

FSTJ
38
Shell Companies · Financial Services
Price
$0.50
+0.02 (+4.17%)
Market Cap
$44.0M
Winston Score
38
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+1004.5% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 8.0M (2022) → 88.0M (2025)

First America Resources Corporation is a shell company listed under the financial services sector. Shell companies typically hold assets or exist as legal structures without running a large active business. They are often used for mergers, acquisitions, or as vehicles to take a private company public through a reverse merger.

The company appears to generate limited revenue, reflected in its near-zero market cap and thin operating margin of about 1%. Shell companies like this one usually do not have a traditional revenue model built on products or services sold to customers. The main risk here is that shell companies carry significant uncertainty — they may have little to no operating history, limited transparency, and their future depends almost entirely on whether they successfully complete a transaction or business combination with another company.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+525.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

7.3%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$631,344 cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
63.0%
Premium pricing power — 63.0% gross margin
Operating Margin
6.8%
Modest — 6.8% operating margin
ROCE
19.2%
Strong — 19.2% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales YoY
+157.7%
Fast-growing sales (157.7% YoY)
EPS YoY
-442.9%
Earnings shrinking (-442.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
0.7%
Thin free cash flow (0.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/A
Data not available
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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