MeritValue

Cyber Enviro-Tech, Inc.

CETIdata completeness 88%4 fiscal years on file
The thesis, from the filings

Cyber Enviro-Tech, Inc. earns about -83% on invested capital, but has diluted owners by 6% over 4 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 2022FY 2023FY 2024FY 2025
Revenue$85,3561$23,6491——
Net income$1.48M2−$4.34M3−$6.37M4−$7.64M4
Operating cash flow−$271,3695−$1.6M5−$3.5M6−$2.89M6
Capital expenditure$1.39M7$387,6828$338,0019$861,3509
Free cash flow (derived)−$1.67M5−$1.99M5−$3.83M6−$3.75M6
Total debt$2.46M10$8.94M11$8.35M12$7.34M12
Cash & equivalents$297,34913$239,41714$59,41115$50,23015
Diluted shares108.1M109.2M92.5M115.1M

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
−$0.27
your share of equity
Profit it earned you last year
−$0.66
Free cash flow it threw off
−$0.33
Debt you’d be carrying
$0.64

10 shares is a claim on −$0.27 of net worth that earned you −$0.66 and generated −$0.33 of cash last year, against $0.64 of debt.

iii. Is this a good business?
Moat signal · return on invested capital
-83% avg · 4y
FY22 —FY23 —FY24 -50%FY25 -116%

It earned an average -83% on invested capital over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+6% shares · 4y

Share count is up 6% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 198% 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
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 · period ending 2022-12-31 · accession 0001079973-24-000443 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001079973-24-000443 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001079973-25-000641 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001079973-26-000703 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001079973-24-000443 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2024-12-31 · accession 0001079973-26-000703 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
  7. 10-K · period ending 2022-12-31 · accession 0001079973-24-000443 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 10-K · period ending 2023-12-31 · accession 0001079973-25-000641 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2024-12-31 · accession 0001079973-26-000703 (PaymentsToAcquirePropertyPlantAndEquipment)
  10. 10-K · period ending 2022-12-31 · accession 0001079973-24-000443 (LongTermDebtCurrent)
  11. 10-K · period ending 2023-12-31 · accession 0001079973-25-000641 (LongTermDebtCurrent)
  12. 10-K · period ending 2024-12-31 · accession 0001079973-26-000703 (LongTermDebtCurrent)
  13. 10-K · period ending 2022-12-31 · accession 0001079973-24-000443 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2023-12-31 · accession 0001079973-25-000641 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2024-12-31 · accession 0001079973-26-000703 (CashAndCashEquivalentsAtCarryingValue)