ACCESS Newswire Inc.
ACCSdata completeness 100%18 fiscal years on fileData notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'
ACCESS Newswire Inc. earns about 0% on invested capital, below its ~9% cost of capital, with a roughly flat share count — no moat visible in the numbers. The estimate methods put fair value between $5.17 and $11.29 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $21.9M1 | $23.5M2 | $24.5M3 | $23.1M4 | $22.6M4 |
| Net income | $3.29M5 | $1.93M6 | $766,0007 | −$10.8M8 | $4.29M8 |
| Operating cash flow | $4.73M9 | $4.02M10 | $3.06M11 | $3.16M12 | $558,00012 |
| Capital expenditure | $62,00013 | $66,00014 | $25,00015 | $19,00016 | $20,00016 |
| Free cash flow (derived) | $4.67M9 | $3.95M10 | $3.04M11 | $3.14M12 | $538,00012 |
| Total debt | — | $22M17 | $19.9M18 | $15.9M19 | $2.56M19 |
| Cash & equivalents | $23.9M20 | $4.83M20 | $5.71M21 | $4.1M22 | $3.03M22 |
| Diluted shares | 3.8M | 3.7M | 3,816 | 3.8M | 3.9M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $78.63 of net worth that earned you $11.12 and generated $1.39 of cash last year, against $6.62 of debt.
It earned about 0% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has fallen 88% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $5.17 and $11.29 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$3.04M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$3.04M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$1.93M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $11.29 |
| Base | 0.0% | $11.29 |
| Bull | 5.0% | $13.99 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= 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.
- 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (Revenues)
- 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (Revenues)
- 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (Revenues)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (Revenues)
- 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (LongTermDebtNoncurrent)
- 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001683168-26-002018 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (CashAndCashEquivalentsAtCarryingValue)