MeritValue

Caro Holdings Inc.

CAHOdata completeness 75%10 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'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue—$01$5772$36,3193$11,2543
Net income−$61,0994−$356,4795−$539,0416−$692,9567−$407,7977
Operating cash flow−$1,9298−$174,5329−$244,81010−$373,80911−$105,12611
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$012$2,27913$20,79414$14,56614$1,02314
Diluted shares40.0M44.5M40.8M36.9M37.2M

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
−$0.42
your share of equity
Profit it earned you last year
−$0.11
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.42 of net worth that earned you −$0.11 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
−7% shares · 5y

Share count is down 7% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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 · period ending 2023-03-31 · accession 0001640334-24-001032 (Revenues)
  2. 10-K · period ending 2024-03-31 · accession 0001640334-25-001202 (Revenues)
  3. 10-K · period ending 2025-03-31 · accession 0001640334-26-001184 (Revenues)
  4. 10-K · period ending 2022-03-31 · accession 0001640334-23-001295 (NetIncomeLoss)
  5. 10-K · period ending 2023-03-31 · accession 0001640334-24-001032 (NetIncomeLoss)
  6. 10-K · period ending 2024-03-31 · accession 0001640334-25-001202 (NetIncomeLoss)
  7. 10-K · period ending 2025-03-31 · accession 0001640334-26-001184 (NetIncomeLoss)
  8. 10-K · period ending 2022-03-31 · accession 0001640334-23-001295 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-03-31 · accession 0001640334-24-001032 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-03-31 · accession 0001640334-25-001202 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2025-03-31 · accession 0001640334-26-001184 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-03-31 · accession 0001640334-22-002242 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2023-03-31 · accession 0001640334-25-001202 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  14. 10-K · period ending 2024-03-31 · accession 0001640334-26-001184 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)