MeritValue

ACCESS Newswire Inc.

ACCSdata completeness 100%18 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 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 shares3.8M3.7M3,8163.8M3.9M

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
0.00026%
of the whole company
Your share of last year’s profit
$11.12
Your share of its debt
$6.62
Your share of free cash flow
$1.39
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$10.76
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$3.04M
DCF · Growth Exit 5Y
$11.63
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$3.04M
Earnings Power Value
$5.28
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.93M
  • growthAssumed0.0%
Graham Number
$14.01
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 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $11.63

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.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2022-12-31 · accession 0001654954-24-002824 (LongTermDebtNoncurrent)
  18. 10-K · period ending 2023-12-31 · accession 0000843006-25-000012 (LongTermDebtNoncurrent)
  19. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (LongTermDebtNoncurrent)
  20. 10-K · period ending 2021-12-31 · accession 0001654954-23-002330 (CashAndCashEquivalentsAtCarryingValue)
  21. 10-K · period ending 2023-12-31 · accession 0001683168-26-002018 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  22. 10-K · period ending 2024-12-31 · accession 0001683168-26-002018 (CashAndCashEquivalentsAtCarryingValue)