BM3EAC (FRA:KN2) ROA %: -328.14% (As of Dec. 2025)


FRA:KN2 BM3EAC Corp FRA:KN2
16 GF Score
Price €8.95
! 3 Warning Signs
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What is BM3EAC ROA %?

BM3EAC FRA:KN2 16 ROA % is -328.14% as of Dec. 2025. GuruFocus rates FRA:KN2 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. BM3EAC's annualized Net Income for the quarter that ended in Dec. 2025 was €-0.27 Mil. BM3EAC's average Total Assets over the quarter that ended in Dec. 2025 was €0.08 Mil. Therefore, BM3EAC's annualized ROA % for the quarter that ended in Dec. 2025 was -328.14%.

The historical rank and industry rank for BM3EAC's ROA % or its related term are showing as below:

FRA:KN2' s ROA % Range Over the Past 10 Years
Min: -581.65   Med: -150.74   Max: 3.56
Current: -279.26

During the past 5 years, BM3EAC's highest ROA % was 3.56%. The lowest was -581.65%. And the median was -150.74%.

FRA:KN2's ROA % is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.875 vs FRA:KN2: -279.26

BM3EAC  (FRA:KN2) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-0.274/0.0835
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.274 / 0)*(0 / 0.0835)
=Net Margin %*Asset Turnover
=N/A %*0
=-328.14 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


BM3EAC ROA % Related Terms


BM3EAC ROA % Historical Data

* Premium members only.

The historical data trend for BM3EAC's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BM3EAC ROA % Chart

BM3EAC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
0.00 -2.40 3.46 -584.54 -274.31

BM3EAC Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial Premium Member Only -395.93 -446.38 -275.30 -220.88 -328.14

FRA:KN2 vs ASZ, DWAC, CCYC: ROA % Comparison

For the Shell Companies subindustry, BM3EAC's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BM3EAC ROA % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, BM3EAC's ROA % distribution charts can be found below:

* The bar in red indicates where BM3EAC's ROA % falls into.


FRA:KN2
16GF Score
BM3EAC Corp FRA:KN2
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
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BM3EAC ROA % Calculation

BM3EAC's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=-0.299/( (0.174+0.044)/ 2 )
=-0.299/0.109
=-274.31 %

BM3EAC's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=-0.274/( (0.123+0.044)/ 2 )
=-0.274/0.0835
=-328.14 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2025) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of -328.14% mean?
BM3EAC (FRA:KN2) has a ROA % of -328.14% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BM3EAC and its competitors.
Is BM3EAC's ROA % too high?
BM3EAC's current ROA % is -328.14%. Overall, BM3EAC has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does BM3EAC's ROA % compare to ASZ and DWAC?
BM3EAC's ROA % of -328.14% can be compared against companies in the Diversified Financial Services industry. The industry median ROA % is 0.88. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Diversified Financial Services company?
The median ROA % among Diversified Financial Services companies is 0.88, based on 562 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BM3EAC and its competitors. For the Diversified Financial Services industry, the median ROA % is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BM3EAC's current ROA % is -328.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BM3EAC stock overvalued right now?
BM3EAC (FRA:KN2) has a current ROA % of -328.14%. The current ROA % is -328.14%. BM3EAC's overall GF Score™ is 16/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For BM3EAC (FRA:KN2), the current ROA % is -328.14% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BM3EAC Business Description

Address c/o Brigade Capital Management, LP, 399 Park Avenue, 16th Floor, New York, NY, USA, 10022
BM3EAC Corp is a special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination (a Business Combination) with an operating company.
16GF Score

Get the complete analysis for FRA:KN2

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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