MeritValue

ATLANTICA INC

ALDAdata completeness 63%16 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'epsDiluted'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$01$02$03$04$04
Net income−$288,8685−$1.49M6−$378,9467−$394,6708−$424,2908
Operating cash flow−$272,9139−$64,47810−$32,12611−$48,75412−$49,79012
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents—————
Diluted shares2.5M2.5M2.5M2.5M2.5M

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
Net assets behind them
−$24.7
your share of equity
Profit it earned you last year
−$1.73
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$24.7 of net worth that earned you −$1.73 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
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/A · period ending 2021-12-31 · accession 0001548123-23-000123 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001548123-24-000018 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001548123-25-000017 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001062506-26-000010 (Revenues)
  5. 10-K/A · period ending 2021-12-31 · accession 0001548123-23-000123 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001548123-24-000018 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001548123-25-000017 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001062506-26-000010 (NetIncomeLoss)
  9. 10-K/A · period ending 2021-12-31 · accession 0001548123-23-000123 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001548123-24-000018 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001548123-25-000017 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001062506-26-000010 (NetCashProvidedByUsedInOperatingActivities)