MeritValue

Charging Robotics Inc.

CHEVdata completeness 75%8 fiscal years on file

Data notes: no data for concept 'pretaxIncome'

The thesis, from the filings

Charging Robotics Inc. earns about -14% on equity, and has bought back 96% of its shares over 5 years. 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—————
Net income−$17,5371−$810,0002−$804,0003−$842,0004−$387,0004
Operating cash flow—−$612,0005−$644,0006−$610,0007−$1.05M7
Capital expenditure—————
Free cash flow (derived)—————
Total debt——$30,0008$413,0009$1.2M9
Cash & equivalents$167,00010$27,00011$8,00012$175,00012$58,00013
Diluted shares256.7M27,2737.8M9.2M10.5M

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
$1.51
your share of equity
Profit it earned you last year
−$0.37
Free cash flow it threw off
—
Debt you’d be carrying
$1.14

10 shares is a claim on $1.51 of net worth that earned you −$0.37 last year, against $1.14 of debt.

iii. Is this a good business?
Moat signal · return on equity
-14% avg · 5y
FY21 -4%FY22 —FY23 —FY24 —FY25 -24%

It earned an average -14% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−96% shares · 5y

Share count is down 96% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 3883% 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
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 0001017386-23-000220 (NetIncomeLoss)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-021834 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001213900-25-032068 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001213900-26-033022 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001213900-24-021834 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2023-12-31 · accession 0001213900-25-032068 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2024-12-31 · accession 0001213900-26-033022 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-12-31 · accession 0001213900-25-032068 (ShortTermBorrowings)
  9. 10-K · period ending 2024-12-31 · accession 0001213900-26-033022 (ShortTermBorrowings)
  10. 10-K · period ending 2021-12-31 · accession 0001213900-24-021834 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  11. 10-K · period ending 2022-12-31 · accession 0001213900-24-021834 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2023-12-31 · accession 0001213900-25-032068 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2025-12-31 · accession 0001213900-26-033022 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)