MeritValue

ALICO, INC.

ALCOdata completeness 100%17 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$108.6M1$91.9M1$39.8M2$46.6M3$44.1M3
Net income$34.9M4$12.5M4$1.84M5$6.97M6−$147.3M6
Operating cash flow$16.5M7$6.52M7−$6.25M8−$30.5M9$20.1M9
Capital expenditure$22.3M10$20.7M10$16.7M11$17.9M12$5.5M12
Free cash flow (derived)−$5.75M7−$14.2M7−$22.9M8−$48.4M9$14.6M9
Total debt$4.29M13$211.9M14$208M15$167.4M16$166.1M16
Cash & equivalents$886,00017$865,00018$1.06M19$3.15M20$38.1M20
Diluted shares7.5M7.6M7.6M7.6M7.6M

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
0.00013%
of the whole company
Your share of last year’s profit
−$192.87
Your share of its debt
$217.43
Your share of free cash flow
$19.14
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$9.62
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$6.97M
  • growthAssumed0.0%
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-09-30 · accession 0000003545-23-000030 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-09-30 · accession 0000003545-23-000030 (NetIncomeLoss)
  5. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (NetIncomeLoss)
  6. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (NetIncomeLoss)
  7. 10-K · period ending 2021-09-30 · accession 0000003545-23-000030 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-09-30 · accession 0000003545-23-000030 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-09-30 · accession 0000950170-22-026459 (LongTermDebtCurrent)
  14. 10-K · period ending 2022-09-30 · accession 0000003545-23-000030 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-09-30 · accession 0000950170-22-026459 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-09-30 · accession 0000003545-23-000030 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-09-30 · accession 0000003545-24-000128 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-09-30 · accession 0000003545-25-000140 (CashAndCashEquivalentsAtCarryingValue)