Turmeric Acquisition Corp. (TMPM)

Turmeric Acquisition Corp. (TMPM) — VMCI valuation read

Turmeric Acquisition Corp. sits at VMCI 44/100, with the Financial Services sector median at 50. That 6-point spread is the first thing to note on TMPM: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on TMPM are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on TMPM: TMPM trades at 24.0x earnings, 33% above the Financial Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Financial Services median (10.0%). The Risk read: net debt to EBITDA of 0.0x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

TMPM fell 1.2% over the trailing 7 days, with a -9.5% read on a 30-day basis.