MeritValue

Globaltek Ventures, Inc.

ATVKdata completeness 88%4 fiscal years on file

Data notes: no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Globaltek Ventures, Inc. earns about 9% on equity, below its ~9% cost of capital, and has bought back 99% of its shares over 4 years — no moat visible in the numbers. The estimate methods put fair value between $0.17 and $0.5 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue$1.08M1$949,4382$678,3003—
Net income$166,8794−$58,9105$13.5M6−$6.38M6
Operating cash flow$278,1157−$23,0098$324,0419$516,6019
Capital expenditure—$010$010$423,24211
Free cash flow (derived)—−$23,0098$324,0419$93,3599
Total debt$44,16712$45,59612$45,59613$125,23214
Cash & equivalents$75115$5,61816$016$2,54317
Diluted shares514.2M554.2M486,0223.4M

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
Net assets behind them
$23.26
your share of equity
Profit it earned you last year
−$19.04
Free cash flow it threw off
$0.28
Debt you’d be carrying
$0.37

10 shares is a claim on $23.26 of net worth that earned you −$19.04 and generated $0.28 of cash last year, against $0.37 of debt.

iii. Is this a good business?
Moat signal · return on equity
9% avg · 4y
FY22 56%FY23 -38%FY24 98%FY25 -82%

It earned about 9% on equity against a ~9% cost of capital — below the cost of funding. The numbers show no moat.

seeing a moat in the numbers →
Management signal · capital allocation
−99% shares · 4y

Share count is down 99% over 4 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 184% over the same window.

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 v0.1.0

The 3 estimate methods that apply put fair value between $0.17 and $0.5 a share. They rest on different assumptions, so where they diverge is the story.

DCF · Growth Exit 10Y
$0.5
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth5.0%
  • fcfBase$93,359
DCF · Growth Exit 5Y
$0.46
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth5.0%
  • fcfBase$93,359
Earnings Power Value
$0.17
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$53,984.5
  • growthAssumed0.0%
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years5.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $0.46
The three cases
Bear0.0%$0.36
Base5.0%$0.46
Bull10.0%$0.57

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 5.0%= 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 2022-12-31 · accession 0001376474-24-000150 (Revenues)
  2. 10-K/A · period ending 2023-12-31 · accession 0001376474-26-000284 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-044162 (Revenues)
  4. 10-K · period ending 2022-12-31 · accession 0001376474-24-000150 (NetIncomeLoss)
  5. 10-K/A · period ending 2023-12-31 · accession 0001376474-26-000284 (NetIncomeLoss)
  6. 10-K · period ending 2024-12-31 · accession 0001213900-26-044162 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001376474-24-000150 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K/A · period ending 2023-12-31 · accession 0001376474-26-000284 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-12-31 · accession 0001213900-26-044162 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-12-31 · accession 0001376474-26-000284 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2025-12-31 · accession 0001213900-26-044162 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2022-12-31 · accession 0001376474-24-000150 (LongTermDebt)
  13. 10-K/A · period ending 2024-12-31 · accession 0001376474-26-000284 (LongTermDebt)
  14. 10-K · period ending 2025-12-31 · accession 0001213900-26-044162 (ShortTermBorrowings)
  15. 10-K · period ending 2022-12-31 · accession 0001376474-24-000150 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K/A · period ending 2023-12-31 · accession 0001376474-26-000284 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2025-12-31 · accession 0001213900-26-044162 (CashAndCashEquivalentsAtCarryingValue)