MeritValue

Collab Z Inc.

CLBZdata completeness 75%2 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Collab Z Inc. earns about 38% on equity, but has diluted owners by 12% over 2 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 2024FY 2025
Revenue$690,0001$484,5211
Net income$950,4202−$102,1952
Operating cash flow$1.26M3$71,2813
Capital expenditure——
Free cash flow (derived)——
Total debt——
Cash & equivalents$105,0344$161,5064
Diluted shares4.6M5.1M

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
$3.74
your share of equity
Profit it earned you last year
−$0.2
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $3.74 of net worth that earned you −$0.2 last year.

iii. Is this a good business?
Moat signal · return on equity
38% avg · 2y
FY24 80%FY25 -5%

It earned an average 38% on equity over 2 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+12% shares · 2y

Share count is up 12% over 2 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
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
only 2 years of net income (need ≥3)
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 2024-09-30 · accession 0001213900-25-124968 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2024-09-30 · accession 0001213900-25-124968 (NetIncomeLoss)
  3. 10-K · period ending 2024-09-30 · accession 0001213900-25-124968 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2024-09-30 · accession 0001213900-25-124968 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)