TB S.A. Acquisition Corp (TBSA)

TB S.A. Acquisition Corp (TBSA) — VMCI valuation read

TBSA prints VMCI 26/100 inside the Financial Services sector, where the median sits at 50. The 24-point below-median delta is the cleanest single-number summary of TB S.A. Acquisition Corp's composite stance, and in the mid-cap bucket it places the share behind the typical peer on the five-pillar mix.

On TBSA, the SEC EDGAR Form 4 stream shows no insider buys or sells in the past 30 days. Quiet tapes happen; they just remove a signal that bull and bear cases sometimes lean on for confirmation.

**Investor frame.** TBSA trades at 18.0x earnings, 0% above the Financial Services median of 18.0x; that is the value line. ROIC of 10.0% sits 0.0pp above the Financial Services median (10.0%); that is the quality line. net debt to EBITDA of 3.3x is the binding constraint on the bear case; that is the risk line for TB S.A. Acquisition Corp on the trailing financials.

TBSA rose 2.4% over the trailing 7 days, with a -19.6% read on a 30-day basis.