MeritValue

Awaysis Capital, Inc.

AWCAdata completeness 75%10 fiscal years on file

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

The thesis, from the filings

Awaysis Capital, Inc. earns about -43% on invested capital, but has diluted owners by 280% over 5 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.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 2021FY 2022FY 2023FY 2024FY 2025
Revenue——$107,7601$50,6742$441,0592
Net income−$14,5113−$239,8514−$4.3M5−$7.06M6−$2.72M6
Operating cash flow−$5,9237−$157,6458−$257,2559$503,10810−$4.81M10
Capital expenditure—$22,14511$54,63112$2,55413$1.04M13
Free cash flow (derived)—−$179,7908−$311,8869$500,55410−$5.85M10
Total debt—————
Cash & equivalents—$481,96514$7914——
Diluted shares98.9M99.0M162.8M293.0M376.2M

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
$0.14
your share of equity
Profit it earned you last year
−$0.07
Free cash flow it threw off
−$0.16
Debt you’d be carrying
—

10 shares is a claim on $0.14 of net worth that earned you −$0.07 and generated −$0.16 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-43% avg · 5y
FY21 —FY22 -2%FY23 -58%FY24 -72%FY25 -39%

It earned an average -43% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+280% shares · 5y

Share count is up 280% over 5 years — owners have been diluted. Worth asking what they got for it.

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
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
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 2023-06-30 · accession 0001641172-25-005736 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-06-30 · accession 0001493152-25-023545 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2021-06-30 · accession 0001493152-22-030675 (NetIncomeLoss)
  4. 10-K/A · period ending 2022-06-30 · accession 0001493152-24-028625 (NetIncomeLoss)
  5. 10-K/A · period ending 2023-06-30 · accession 0001641172-25-005736 (NetIncomeLoss)
  6. 10-K · period ending 2024-06-30 · accession 0001493152-25-023545 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-30 · accession 0001493152-22-030675 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K/A · period ending 2022-06-30 · accession 0001493152-24-028625 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K/A · period ending 2023-06-30 · accession 0001641172-25-005736 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-06-30 · accession 0001493152-25-023545 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K/A · period ending 2022-06-30 · accession 0001493152-24-028625 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K/A · period ending 2023-06-30 · accession 0001641172-25-005736 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2024-06-30 · accession 0001493152-25-023545 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K/A · period ending 2022-06-30 · accession 0001493152-24-028625 (CashAndCashEquivalentsAtCarryingValue)