MeritValue

AUTOSCOPE TECHNOLOGIES CORP

AATCdata completeness 100%13 fiscal years on file
i. The business — what you’d actually own
FigureFY 2017FY 2018FY 2019FY 2020FY 2021
Revenue$14.5M1$14.6M2$14.7M3$13.2M4$13.2M4
Net income$2.08M5$1.86M6$7M7$1.06M8$2.3M8
Operating cash flow$2.95M9$1.66M10$2.25M11$2.56M12$2.56M12
Capital expenditure$300,00013$194,00014$254,00015$129,00016$2.09M16
Free cash flow (derived)$2.65M9$1.47M10$2M11$2.43M12$475,00012
Total debt——$017$923,00018$1.73M18
Cash & equivalents$3.19M19$4.24M20$5.12M21$8.61M21$8.23M21
Diluted shares5.1M5.2M5.3M5.3M5.4M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.00019%
of the whole company
Your share of last year’s profit
$4.28
Your share of its debt
$3.23
Your share of free cash flow
$0.89
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$12.64
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth10.8%
  • fcfBase$2M
DCF · Growth Exit 5Y
$9.85
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth10.8%
  • fcfBase$2M
Earnings Power Value
$4.09
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$2.08M
  • growthAssumed0.0%
Graham Number
$5.98
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years10.8%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $9.85

Default growth 10.8%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2017-12-31 · accession 0000897101-19-000222 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2018-12-31 · accession 0000897101-20-000148 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2019-12-31 · accession 0000897101-21-000169 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2020-12-31 · accession 0000897101-22-000298 (RevenueFromContractWithCustomerIncludingAssessedTax)
  5. 10-K · period ending 2017-12-31 · accession 0000897101-19-000222 (NetIncomeLoss)
  6. 10-K · period ending 2018-12-31 · accession 0000897101-20-000148 (NetIncomeLoss)
  7. 10-K · period ending 2019-12-31 · accession 0000897101-21-000169 (NetIncomeLoss)
  8. 10-K · period ending 2020-12-31 · accession 0000897101-22-000298 (NetIncomeLoss)
  9. 10-K · period ending 2017-12-31 · accession 0000897101-19-000222 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2018-12-31 · accession 0000897101-20-000148 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2019-12-31 · accession 0000897101-21-000169 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2020-12-31 · accession 0000897101-22-000298 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2017-12-31 · accession 0000897101-19-000222 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2018-12-31 · accession 0000897101-20-000148 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2019-12-31 · accession 0000897101-21-000169 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2020-12-31 · accession 0000897101-22-000298 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2019-12-31 · accession 0000897101-21-000169 (LongTermDebtNoncurrent)
  18. 10-K · period ending 2020-12-31 · accession 0000897101-22-000298 (LongTermDebtNoncurrent)
  19. 10-K · period ending 2017-12-31 · accession 0000897101-20-000148 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2018-12-31 · accession 0000897101-21-000169 (CashAndCashEquivalentsAtCarryingValue)
  21. 10-K · period ending 2019-12-31 · accession 0000897101-22-000298 (CashAndCashEquivalentsAtCarryingValue)